What Were Stanley Druckenmiller’s Largest Sector Holdings in 2Q17?
Stanley Druckenmiller’s largest sector holdings
Stanley Druckenmiller’s Duquesne Family Office invested heavily in the information technology sector (XLK) in 2Q17. The sector accounted for nearly 57% of the firm’s portfolio in 2Q17.
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The strong position in the technology sector suggests the firm has an optimistic view on this sector. The firm also increased its holdings in major US technology stocks such as Facebook (FB), Microsoft (MSFT), and Alphabet (GOOGL). In the next part of this series, we’ll have a look at these technology stocks.
Technology demand has risen rapidly in the economy (SPY) (QQQ) in the past decade. Major technology stocks have shown strong performances in the past ten years. The stronger business fundamentals of major technology stocks and higher demand for technology boosted their performances.
In the present scenario, many market participants believe that innovation and productivity will drive the US economy at a faster rate in the near future. Technology will play a major role in the innovation.
Duquesne Family Office’s second-largest position is in the consumer discretionary sector (XLY). This sector represents nearly 29.5% of the firm’s position in 2Q17. The health care (XLV) sector is the firm’s third largest sector, representing nearly 6.3% of the firm’s portfolio.
In the next part of this series, we’ll analyze Stanley Druckenmiller’s view on US technology stocks.