Billionaire Stanley Druckenmiller is exploring new alternatives after dumping greater than $2.5 billion in shares.
The famed investor and head of Duquesne Household Workplace bought all the agency’s shares of Nvidia (NVDA) final yr, together with practically all the agency’s stake in Palantir (PLTR).
Now, Druckenmiller is starting to pour a number of the agency’s huge money stockpile into Teva Pharmaceutical (TEVA), shopping for 1,427,950 shares value about $30.3 million, stories the Motley Idiot.
The inventory surged greater than 100% in 2024, as the corporate settled opioid litigation and reported robust development after centering its efforts on brand-name medication.
As of Q3 2024, the highest holdings at Duquesne Household Workplace embrace Natera (NTRA) value $452 million, Coupang (CPNG) valued at $287 million, Coherent (COHR) at $264 million, Woodward (WWD) at $181 million and Seagate Know-how (STX) at $179 million.
In a current interview with Nicolai Tangen, CEO of Norges Financial institution Funding Administration, Druckenmiller stated his prime concern is whether or not the Federal Reserve began chopping charges too quickly.
“When this entire inflationary episode began, and I’d say two years in the past or a yr and a half in the past, I used to be very assured that inflation was going to come back down, which I used to be proper on.
However I used to be apprehensive in regards to the economic system, which I used to be utterly incorrect on. You’ll be able to take this with a grain of salt since I had one proper and one incorrect there, I’ve switched to being extra apprehensive about inflation going ahead than the economic system itself.
I’m a bit apprehensive that the Fed has declared victory too early. I don’t have conviction like I had in 2021 that inflation was going to go up, that’s when the cash provide was rising 40% and all kinds of issues have been taking place. However I additionally don’t have conviction that they’ve snuffed this factor out and gained the battle.”
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