25 Aug

Assessing Duquesne Family Office’s Holdings in 2Q16

WRITTEN BY Sarah Sands FEATURED IN Active Management: Mutual Funds, Closed-End Funds, Hedge Funds

Duquesne Family Office

Duquesne Family Office operates as an investment management firm. Billionaire investor Stanley Druckenmiller is the chair and CEO of the firm. According to the latest 13F filings, the firm’s 2Q16 portfolio had a 23.8% allocation in the materials (XLB) sector, a 15.3% allocation in the health care sector (XLV), and a 14.6% allocation in the communications sector.

Assessing Duquesne Family Office’s Holdings in 2Q16

The firm’s largest sector is the material sector, which is a cyclical sector. This position indicates that the firm is optimistic about the recovery in the business cycle. The firm also has holdings in the non-cyclical sector. There were minor changes in the firm’s portfolio in 2Q16.

Firm’s holdings

Facebook (FB) was the firm’s top holding in 2Q16 after selling 1.1 million shares in the same quarter. The firm holds 0.93 million shares of Facebook worth $116 million. Facebook constitutes 12.5% of the firm’s portfolio holdings. The largest investor in Facebook is Fidelity Management and Research with 147.8 million shares as of June 30, 2016.

The firm’s top purchase was HDFC Bank (HDB) in 2Q16. The firm bought 0.23 million shares of this company in the same quarter. This stock represents 1.8% of the firm’s portfolio. The firm has a sizeable holding in the iShares MSCI Emerging Markets ETF (EEM). The ETF represents 8.5% of the firm’s portfolio. As we discussed in the last part of this series, the largest investor in emerging markets (VWO) is Bridgewater Associates.

In the next part of this series, we will analyze Greenlight Capital’s holdings as of June 30, 2016.

Latest articles

23 Apr

Why Fiat Chrysler Stock Tanked 5% on Tuesday

WRITTEN BY John Parker

In April so far, Italian-American auto giant Fiat Chrysler Automobiles (FCAU) has outperformed the broader market by a wide margin after underperforming in the first quarter.

Royal Dutch Shell (RDS.A) is slated to release its Q1 2019 results on May 2. Before we review the Q1 2019 estimates, let’s recap Shell’s Q4 2018 performance compared to forecasts.

United Parcel Service (UPS) is scheduled to report its first-quarter earnings results on April 25.

Cleveland-Cliffs (CLF) is expected to report its first-quarter earnings results on April 25.

While the overall cannabis sector experienced weakness on April 23, some stocks managed to gain some positive momentum in the first half of the day.

After being listed on the NASDAQ (QQQ) on March 29, Lyft (LYFT) stock has traded on a negative note so far.