Billionaire Stanley Druckenmiller is increasing his stake in a pair of Magnificent 7 stocks while eliminating exposure to the banking industry.
New filings show Duquesne Family Office increased its holdings in Alphabet (GOOGL) by 277% to 385,000 shares and its holdings in Amazon (AMZN) by 69% to 737,940 shares.
Meanwhile, Druckenmiller exited positions in Citigroup (C), Bank of America (BAC), and Capital One (COF). Filings show Duquesne Family Office divested 989,250 BAC shares, 514,850 C shares and 43,920 COF shares, bringing the company’s total to zero.
Other notable stocks that were trimmed by Druckenmiller include powerhouse social media platform Meta Platforms (META), formerly known as Facebook, sporting goods retailer Dick’s Sporting Goods (DKS), and restaurant chain Texas Roadhouse (TXRH).
New stock acquisitions include Delta Air Lines (DAL), financial services titan Goldman Sachs (GS), and real estate giant Zillow (Z).
According to the data, Duquesne Family Office was worth just under $4.5 billion at the end of last year, up nearly $500 million from the last quarter.
Follow us on X, Facebook and Telegram
Don’t miss a thing – sign up to receive email alerts directly to your inbox
Check price action
Surf Hodl’s Daily Mix
 
Disclaimer: The opinions expressed on The Daily Hodl are not investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and trading are at your own risk and any losses you may incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of any asset, including cryptocurrencies, nor is it an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Image generated: Halfway through the trip
