Published on 6 Jun 2022 on Insider Monkey via Yahoo Finance

Stanley Druckenmiller Was Right About These 9 Stocks

In this article, we discuss the 9 stocks that Stanley Druckenmiller was right about. If you want to read about some more stocks that Stanley Druckenmiller was right about, click Stanley Druckenmiller Was Right About These 4 Stocks. 

Stanley Druckenmiller of Duquesne Capital is one of the most successful investors of the modern era, having averaged annual returns of over 30% for investors between 1986 and 2010, before he converted his hedge fund into a family office. The personal net worth of the veteran investor has topped $10 billion. To put this figure into perspective, his fortune can buy more than 5.44 million troy ounces of gold, over 83 million barrels of crude oil, and is equal to around 0.04% of the Gross Domestic Product (GDP) of the United States. 

The portfolio value of Duquesne Capital decreased by about $400 million between January and March this year as inflationary pressures mounted on stocks. During this period, Druckenmiller made new purchases in 18 stocks, sold out of 16, reduced holdings in 10, and made additional purchases in 10 stocks. The top ten holdings comprise more than 74% of the overall portfolio. Some of the top stocks in the portfolio included Chevron Corporation (NYSE:CVX), Microsoft Corporation (NASDAQ:MSFT), and Amazon.com, Inc. (NASDAQ:AMZN).