Stanley Druckenmiller

Stanley Druckenmiller executed a broad portfolio reshuffle in Q2 2026, opening 16 new positions while trimming or exiting select names — a move that touched roughly a third of his disclosed book. On the add side, Druckenmiller increased Consumer Discretionary by a net +$433K (≈9% of book), Health Care by +$416K (≈9% of book), and Information Technology by +$276K (≈6% of book). The largest single new position was CDW at 3% of disclosed book, followed by Tesla and Delta Air Lines each at 1% of book. He also added to INSM, lifting it to a 2% position — a 140% increase quarter-over-quarter. New entries spanned a wide range of industries: semiconductors (AMD), cloud infrastructure (EQIX), cybersecurity (PANW), media (META, BIDU), biotech (LLY, ADMA), and specialty materials (SCCO, ENTG). On the trim side, Energy was reduced by a net −$8K (less than 1% of book), with the steepest single cut being an 88% reduction in AA. Druckenmiller also trimmed WWD for a fourth consecutive quarter and continued adding to STM for a third straight quarter. The $1.6M total reshuffled — roughly 34% of the disclosed book — reflects a tactical rebalancing across themes rather than a concentrated bet on any single sector.