Stanley Druckenmiller’s recent activity
Stanley Druckenmiller, a legendary investor in the hedge fund industry, discussed his buying and selling activity in 2Q17 along with his interest in technology stocks and certain Chinese stocks in an interview with CNBC.
According to the recent 13F filing, Stanley Druckenmiller’s firm, Duquesne Family Office, took a position in several Chinese stocks like Yum China (YUMC) and Alibaba (BABA), reflecting Druckenmiller’s optimism surrounding Chinese consumer stocks.
Druckenmiller’s stance on China at the 2016 Sohn Investment Conference
Last year, at the 2016 Sohn Investment Conference, Druckenmiller said that he had a bearish stance on China (FXI) (YINN). He was concerned about the Chinese economy due to its rising credit level. He also warned at that time that China’s growing debt level could be a major obstacle for the global economy (ACWI) (VTI).
However, in the past eight months, the Chinese government has taken various steps to control the credit level in the economy (ASHR) (MCHI). It’s mainly focusing on transforming China into a consumer-based economy from an export-oriented economy.
Druckenmiller’s position in Yum China and Alibaba
Druckenmiller’s firm bought 710,200 shares in Chinese e-commerce giant Alibaba (BABA) in 2Q17. Alibaba represents nearly 5.4% of Duquesne Family Office’s portfolio as of 2Q17. It was the firm’s top purchase in 2Q17. The firm also bought 597,200 shares in Yum China (YUMC) in 2Q17. Yum China represents nearly 1.3% of Duquesne Family Office’s portfolio as of 2Q17.
In the next part of this series, we’ll analyze Stanley Druckenmiller’s largest sector holdings in 2Q17.
According to the recent 13F filing report, Druckenmiller’s firm added nearly 1 million more shares of Microsoft (MSFT) in 2Q17.
Monster Beverage (MNST) stock was down 1.6% as of 2:47 PM EDT on March 20.
Earlier today, the second-largest US automaker by 2018 sales volume, Ford Motor Company (F), revealed its plan to invest $850 million in its Flat Rock assembly plant through 2023.
Mizuho downgraded Yum! Brands (YUM) from “neutral” to “underperform” while keeping its 12-month price unchanged at $84, which represents a fall of 15.4% from its March 19 closing price of $99.20.
According to Verizon, its mobile 5G plans will cost $10 more than its current 4G plans.
As of March 19, Dunkin’ Brands (DNKN) was trading at $71.55, which represents a rise of 3.9% since the announcement of its fourth-quarter earnings on February 7.
Suncor Energy's shareholder returns have grown consistently over the past few years. The company hasn't forgotten its commitment to growth.