Decades away from his star-making turn at George Soros' Quantum Group of Funds, high-profile investor Stanley Druckenmiller stays well active in the stock-picking game with his Duquesne Family Office investment vehicle.
As a veteran player with many successes, he continues to be followed by peers wanting to catch some of that magic. So, it's worth looking at where Duquesne has been concentrating its investment capital recently.
Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free »
A winning quintet
As revealed in Duquesne's latest 13F regulatory filing, its top five stocks as of mid-November 2024 were Natera (NASDAQ: NTRA), Coupang (NYSE: CPNG), Coherent (NYSE: COHR), Woodward (NASDAQ: WWD), and Seagate Technology (NASDAQ: STX).
| Stock | Shares Held | Market Value | Stock Price Gain 2024 |
|---|---|---|---|
| Natera | 3,566,850 | $453 million | 294% |
| Coupang | 11,696,092 | $287 million | 49% |
| Coherent | 2,978,530 | $265 million | 170% |
| Woodward | 1,057,715 | $181 million | 72% |
| Seagate | 1,640,369 | $180 million | 64% |
Sources: Duquesne Family Office, YCharts.
All booked at least double-digit gains across 2024. We can consider Coupang to be something of a laggard, given that it didn't eclipse the S&P 500 index's 53% rise over the year; still, a 49% increase is nothing to sneeze at.
At first blush, Druckenmiller's top five are an eclectic mix of the tech, online retail, engineering, and specialty healthcare sectors. I think there's a unifying theme here, though. To me, all are either growth stocks in the broadly accepted sense of the term, or established businesses (Woodward and Seagate) standing in front of substantial revenue opportunities.
Poised for pops, perhaps
Woodward is positioned to gain from expansion in both the aerospace and industrial sectors. The same can be said for computer storage mainstay Seagate with the explosion of resource-heavy artificial intelligence (AI).
Natera is a major player in the hot area of genetic testing, and Coupang is a determined competitor in the online retail space. Coherent has similar potential in the cutting-edge optics technology segment.
Don’t miss this second chance at a potentially lucrative opportunity
Ever feel like you missed the boat in buying the most successful stocks? Then you’ll want to hear this.
On rare occasions, our expert team of analysts issues a “Double Down” stock recommendation for companies that they think are about to pop. If you’re worried you’ve already missed your chance to invest, now is the best time to buy before it’s too late. And the numbers speak for themselves:
- Nvidia: if you invested $1,000 when we doubled down in 2009, you’d have $363,307!*
- Apple: if you invested $1,000 when we doubled down in 2008, you’d have $45,963!*
- Netflix: if you invested $1,000 when we doubled down in 2004, you’d have $471,880!*
Right now, we’re issuing “Double Down” alerts for three incredible companies, and there may not be another chance like this anytime soon.
*Stock Advisor returns as of January 6, 2025
Eric Volkman has no position in any of the stocks mentioned. The Motley Fool recommends Coherent and Coupang. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
