Investor Stanley Druckenmiller Expands Tech Holdings in Latest Move

NEW YORK, NY — Billionaire investor Stanley Druckenmiller has made a significant move back into megacap technology stocks last quarter, according to a new regulatory filing. His Duquesne Family Office has rebuilt its positions in Amazon and Meta while also investing in a newly public company, Figure Technology.

During the third quarter, Druckenmiller’s firm initiated a $96 million stake in Amazon and a $56 million holding in Meta. Both companies have been part of his trading strategy for several years as he adjusted to the shifting market conditions.

Additionally, Duquesne opened a $77 million position in Figure Technology, which went public in September. Figure is working to integrate blockchain-based payment systems into traditional finance through its USDF stablecoin consortium.

Druckenmiller is known for his successful history in investment, initially gaining fame as George Soros’ top lieutenant at the Quantum Fund. He played a critical role in the fund’s legendary $10 billion bet against the British pound in 1992. Afterward, he managed Duquesne Capital Management, overseeing assets of $12 billion until he transitioned the firm into a family office in 2010.

In the same quarter, Druckenmiller also expanded his investment in the iShares MSCI Emerging Markets ETF (EEM), adding a position worth just over $100 million. This move marks EEM as his fund’s 10th largest holding, as emerging market equities have outperformed U.S. stocks this year, with the ETF appreciating by more than 30%.

Moreover, Druckenmiller received substantial recognition for his early investment in Nvidia, purchasing shares in 2022 due to his belief in the transformative power of AI, likening it to the internet’s rise. Despite his strong convictions, he sold his Nvidia shares in 2024, admitting he took profits sooner than he should have.