Core Insights - Stanley Druckenmiller has a remarkable investing history, achieving an average annual return of 30% over three decades without any money-losing years [1] - Despite retiring from Duquesne Capital Management, he continues to manage investments through the Duquesne Family Office and has made notable moves recently [2] Company Actions - Druckenmiller sold all shares of Nvidia and Palantir, two leading AI companies, which have seen stock gains of 1,400% and 2,300% respectively over the past three years [3] - He expressed regret over selling Nvidia, referring to it as "a wonderful company," but cited increased valuation as a reason for the sale [5] - The exit from Palantir may also be attributed to its high valuation, trading at over 125 times forward earnings estimates during the sale period [6] Recent Investments - Druckenmiller has recently invested in Eli Lilly, a leader in the weight loss drug market, purchasing 62,190 shares in the fourth quarter of last year and increasing his holdings to 100,675 shares [8] - Additionally, he opened a position in Viking Therapeutics, acquiring 549,295 shares in the second quarter of this year [8]
Billionaire Stanley Druckenmiller Dropped Nvidia and Palantir Stock and Is Piling into 2 Stocks Set to Win in One of the Decade's Hottest Growth Markets.