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Stanley Druckenmiller’s company made significant changes to its investment portfolio last quarter, according to 13F filings.
The firm increased its stake in Microsoft and acquired call options on Nvidia, while completely divesting from Alphabet and Amazon.
Druckenmiller has been increasingly focusing on AI stocks since 2023, demonstrating a strong bullish sentiment towards the sector.
Stanley Druckenmiller’s firm has ditched Alphabet and Amazon, boosting bets on two other mega-cap champions instead, a Security and Exchange Commission filing disclosed on Wednesday.
The billionaire investor’s Duquesne Family Office stake in Microsoft increased 6.7% last quarter, becoming the firm’s top holding. Though its exposure to Nvidia fell 29%, it loaded up on call options for the chipmaker, worth over $242 million in notional value.
It’s a sign Druckenmiller’s bullishness on artificial intelligence stocks remains undeterred. In June of last year, the investor outlined plans to hold Nvidia for two years, a suggestion that was out-of-line amid mounting overvaluation concerns.
Eight months later, the semiconductor…
2024-02-15 22:07:36
Original from finance.yahoo.com