Stanley Druckenmiller Reduces Nvidia Stake, Shifts Focus to Small Caps and Biotech
The billionaire investor's Duquesne Family Office sold 72% of its Nvidia holdings while adding significant positions in small-cap stocks and biotech firms.
- Druckenmiller's Nvidia shares were reduced by 441,551, making up 72% of his previous stake.
- New investments include $664 million in small-cap stocks and increased positions in copper miner Freeport McMoRan.
- Duquesne Family Office added several biotech firms and financial services companies to its portfolio.
- Significant new holdings include Apple, Reddit, and energy infrastructure firm Kinder Morgan.
- Druckenmiller's portfolio adjustments suggest a bullish outlook on the broader U.S. economy.