Billionaire Stanley Druckenmiller is boosting his stake in a pair of Magnificent 7 stocks while eliminating exposure to the banking industry.
New filings show Duquesne Family Office bolstered 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). The filings show that Duquesne Family Office dumped 989,250 shares of BAC, 514,850 shares of C and 43,920 shares of COF, bringing the firm’s total to zero.
Other noteworthy stocks that were cut by Druckenmiller include social media powerhouse Meta Platforms (META), formerly known as Facebook, sporting goods store Dick’s Sporting Goods (DKS) and the 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 is worth just under $4.5 billion as of the end of last year, up nearly $500 million from the last quarter.
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