Stanley Druckenmiller Sells 94% of Amazon Holdings to Invest in Hot Chip Stock After 8-Year Hiatus

Key Points

• Stanley Druckenmiller’s Duquesne Family Office recently released its Form 13F, revealing significant changes in its portfolio.
• Druckenmiller sold 692,140 shares of Amazon, reducing his stake by 94%, while acquiring 411,400 shares of Intel, marking his first investment in the company since Q1 2018.
• The change in holdings comes as Amazon shares declined from $225-$240 in late 2025 to around $200 in early 2026 amid market volatility.

Stanley Druckenmiller’s investment fund, Duquesne Family Office, made headlines by selling 692,140 shares of Amazon (NASDAQ: AMZN), effectively slashing its stake by 94%. This move follows a decline in Amazon’s share price in early 2026. During the same period, Druckenmiller acquired 411,400 shares of Intel (NASDAQ: INTC), signaling a renewed interest as the company experiences a resurgence driven by demand for AI technology.

As of March 2026, Druckenmiller’s average holding period for top stocks is just five months. The decision to move away from Amazon raises questions about valuation, especially as the company’s shares remain expensive by traditional metrics, while Intel’s stock has more than doubled, partly due to strong AI market growth.