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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

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.

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