Billionaire Stan Druckenmiller’s Long-Term Picks

Alcoa Inc (NYSE:AA) is next on the list with Duquesne Capital holding 1.88 million shares, down by 54% on the quarter; the value of the stake amounts to $29.61 million. The investor initiated a stake in Alcoa Inc (NYSE:AA) in the fourth quarter of 2013. It is important to mention that the stock gained about 48.5% during 2014. Despite this, Mr. Druckenmiller has reduced his position in this stock during the past year, so probably he has collected some profits due to the stock price appreciation.

Alcoa focuses on the aerospace end market and this is supported by the recent announcement that it had acquired RTI International Metals, a titanium and specialty metal products supplier.

The largest shareholder of Alcoa Inc (NYSE:AA) is William B. Gray’s Orbis Investment Management, which reduced its stake by 13% on the quarter to 22.62 million shares held as of the end of 2014.

Next in line is Workday Inc (NYSE:WDAY), which represented Duquesne’s fourt-largest holding in terms of value at the end of the fourth quarter of 2014. The fund upped its stake by 49% to 330,679 shares, the value of the stake amounting to $26.99 million. However, Workday Inc (NYSE:WDAY)’s stock lost almost 2% in 2014.

Christopher Lord’s Criterior Capital is the largest investor in Workday Inc (NYSE:WDAY) as it reported holding 2.47 million shares, up by 4% on the quarter. This position represents a significant portion of Mr. Lord’s portfolio, reaching 7.55% of the total value.

Disclosure: none