Stanley Druckenmiller's family office dumped more than $100 million of Netflix stock and boosted cybersecurity investment by more than 400% in the 4th quarter : vimarsana.com
Billionaire investor Stanley Druckenmiller is betting big on tech stalwarts and cybersecurity, but sold some of the IT industry's biggest names in the fourth quarter of 2020, according to a securities filing released Tuesday. Druckenmiller's Duquesne Family Office reported a 13F filing that included $3,712,696,000 in managed 13F securities. The largest holding is Microsoft Corporation; the hedge fund holds 2,638,074 shares. Duquesne sold all of its 278,372 shares of Netflix. The streaming giant made up 4.04% of the fund and the stake was valued at $139.1 million at the end of the third quarter. The hedge fund also increased its bet on cybersecurity company Palo Alto Networks. . Druckenmiller's office increased its stake in Palo Alto Networks by 457%, adding shares estimated to be worth $335 million. Duquesne first started buying Palo Alto Networks in the third quarter of 2020.