Billionaire Stanley Druckenmiller’s Duquesne Family Office is shifting course as the firm makes a huge bet in one AI giant while dumping three tech names.
Data from the family office’s 13F filing shows that it splurged $88.5 million to boost its position in Alphabet (GOOGL) in Q4 of last year.
The billionaire added 282,800 GOOGL shares last quarter, lifting its holdings to 385,000 shares valued at $120.505 million.
Druckenmiller also loaded up on Amazon (AMZN) in Q4. The family office bought 300,870 AMZN shares to boost its position to 737,940 shares, worth $170.331 million.
Data shows that the billionaire held no other bullish bets on the Mag 7 trade, aside from GOOGL and AMZN.
On the sell-side, Druckenmiller fully dumped his stakes in three technology stocks. Starting with Meta (META), the billionaire unloaded 76,100 shares last quarter, which were worth $55.886 million in Q3.
The firm also dumped 100% of its stake in the chip-licensing company Arm Holdings (ARM), selling 167,900 ARM shares in just three months.
And the family office sold 17,710 shares of the software company MongoDB (MDB), fully exiting its stake in the firm.
Another notable move made by Druckenmiller in the last quarter was dumping $67.5 million in Taiwan Semiconductor Manufacturing (TSM). The firm sold 222,000 TSM shares to bring down its position to 543,085 shares, worth $165.038 million.
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