10 New Stock Picks of Billionaire Stanley Druckenmiller

Published November 19, 2021 at 9:47 am EST Updated August 19, 2026 at 5:41 am EDT

In this article, we discuss the 10 new stock picks of billionaire Stanley Druckenmiller.

In May this year, Stanley Druckenmiller, the chief of Duquesne Capital, had warned that the stimulus efforts of the Federal Reserve were inflating a massive asset bubble and putting the status of the United States Dollar as the global reserve currency at risk. Earlier, the billionaire investor, during an interview with CNBC, had said that he expected to cash out on his equity investments in the near future, suggesting that cryptocurrencies could soon usurp the dollar in value across the world, with Bitcoin, the most popular coin, leading this revolution.

Druckenmiller recently attended the Boston Investment Conference and outlined his thoughts on the overall market situation, saying that there was a massive bubble around crypto, meme stocks, and art. The investor added that even though the bubble was paying off for a lot of “geniuses” in the short-term, it would prove to be a “disaster” for them in the long-term. Druckenmiller has a personal net worth of close to $7 billion and is widely respected in the finance world with regards to his expertise in growth sectors of the economy.

Investors who want further insight into the philosophy of Druckenmiller should check out his latest moves at the market. Securities filings show that Duquesne Capital had a portfolio value of $3 billion at the end of the third quarter of 2021, down from $4 billion at the end of the second quarter. Between June and September, the fund made new purchases in 14 stocks, sold out of 14, made additional purchases in 9, and reduced holdings in 19 equities. Some of the top stocks in the portfolio included Amazon.com, Inc. (NASDAQ:AMZN), Microsoft Corporation (NASDAQ:MSFT), and Alphabet Inc. (NASDAQ:GOOG), among others discussed in detail below.

Our Methodology

These were picked from the investment portfolio of Duquesne Capital at the end of the third quarter of 2021. All the stocks listed below were added to the portfolio of the fund between June and September this year.

The hedge fund sentiment around each stock was calculated using the data of 873 hedge funds tracked by Insider Monkey.

10 New Stock Picks of Billionaire Stanley Druckenmiller

New Stock Picks of Billionaire Stanley Druckenmiller

10. AbCellera Biologics Inc. (NASDAQ:ABCL)

Number of Hedge Fund Holders: 18

AbCellera Biologics Inc. (NASDAQ:ABCL) owns and runs an artificial intelligence-powered drug discovery platform. In September, the firm had announced a partnership with Everest Medicines, a late-stage biotech firm, for the discovery of therapeutic antibodies with an initial focus on oncology targets.

Latest data shows that Duquesne Capital owned 659,750 shares of AbCellera Biologics Inc. at the end of the third quarter of 2021 worth $13.2 million, representing 0.42% of the portfolio.

At the end of the second quarter of 2021, 18 hedge funds in the database of Insider Monkey held stakes worth $773 million in AbCellera Biologics Inc., down from 20 the preceding quarter worth $1.8 billion.

Just like Amazon.com, Inc., Microsoft Corporation, and Alphabet Inc., AbCellera Biologics Inc. is one of the stocks attracting the attention of elite investors.

9. Confluent, Inc. (NASDAQ:CFLT)

Number of Hedge Fund Holders: 30

Confluent, Inc. (NASDAQ:CFLT) is an application software firm that offers cloud services related to the data-in-motion technology. According to regulatory filings, Duquesne Capital owned 140,300 shares in the company at the end of September 2021 worth $8.3 million.

Credit Suisse analyst Phil Winslow recently initiated coverage of Confluent, Inc. stock with an Outperform rating and a price target of $115, noting the firm would benefit from enterprise adoption of the cloud in the coming months.

Among the hedge funds being tracked by Insider Monkey, Connecticut-based firm Lone Pine Capital is a leading shareholder in Confluent, Inc. with 3.6 million shares worth more than $172 million.

In its Q2 2021 investor letter, ClearBridge Investments, an asset management firm, highlighted a few stocks and Confluent, Inc. (NASDAQ:CFLT) was one of them. Here is what the fund said:

“The new issue market remains an attractive source of new ideas and we participated in four IPOs in the latest period. Confluent sells and distributes a commercialized version of open source software called Kafka created by former executives at LinkedIn. The solution allows enterprise users the ability to capture data in real time as it is streaming. A prime use case is capturing real-time inventory across retail stores and distribution centers to enable omni-channel commerce. We believe it is early days in the company’s commercialization of this technology which can capture data in both on-premise and hybrid cloud environments. Global-e Online, meanwhile, removes many of the frictions around cross-border ecommerce by handling the different tax structures, languages, currencies, local logistics and fulfillment/returns for any size retailer. The company’s initial customers have been mostly mid to higher end retailers but an investment by Shopify should enable Global-e to significantly increase merchant reach.”

8. Fastly, Inc. (NYSE:FSLY)

Number of Hedge Fund Holders: 24

Fastly, Inc. (NYSE:FSLY) is a California-based internet services and infrastructure focusing on cloud tech. The firm recently posted earnings for the third quarter, beating market estimates on earnings per share by $0.07 and on revenue by $3.2 million.

The hedge fund of billionaire Stanley Druckenmiller owned over 257,695 shares of Fastly, Inc. at the end of the third quarter of 2021 worth more than $10.4 million, representing 0.33% of the portfolio.

At the end of the second quarter of 2021, 24 hedge funds in the database of Insider Monkey held stakes worth $1.1 billion in Fastly, Inc., down from 26 in the preceding quarter worth $1.3 billion.

7. Lithia Motors, Inc. (NYSE:LAD)

Number of Hedge Fund Holders: 63

Lithia Motors, Inc. (NYSE:LAD) is an automotive retailer headquartered in Oregon. Duquesne Capital owned 29,081 shares in the company at the end of September 2021 worth $9.2 million, representing 0.29% of the portfolio of the fund.

Lithia Motors, Inc. has an impressive dividend history and recently declared a quarterly dividend of $0.35 per share, in line with previous. The firm has a market cap of more than $9 billion and posted $13 billion in revenue last year.

At the end of the second quarter of 2021, 63 hedge funds in the database of Insider Monkey held stakes worth $2.9 billion in Lithia Motors, Inc., up from 40 in the preceding quarter worth $2.3 billion.

6. Live Nation Entertainment, Inc. (NYSE:LYV)

Number of Hedge Fund Holders: 40

Live Nation Entertainment, Inc. (NYSE:LYV) offers entertainment services like concerts, ticketing, sponsorship, and advertising, among others. The firm recently smashed analyst expectations on earnings per share and revenue for the third quarter but the stock has slipped in value amid a lawsuit involving a concert tragedy in Texas.

Latest securities filings reveal that Duquesne Capital owned 427,750 shares in Live Nation Entertainment, Inc. at the end of the third quarter of 2021 worth $38 million.

Among the hedge funds being tracked by Insider Monkey, New York-based investment firm Select Equity Group is a leading shareholder in Live Nation Entertainment, Inc. with 3 million shares worth more than $264 million.

In addition to Amazon.com, Inc., Microsoft Corporation, and Alphabet Inc., Live Nation Entertainment, Inc. is one of the stocks that hedge funds are buying.

In its Q4 2020 investor letter, Oakmark Funds, an asset management firm, highlighted a few stocks and Live Nation Entertainment, Inc. (NYSE:LYV) was one of them. Here is what the fund said:

“In 2006, we initiated our position in Live Nation, the global entertainment company that handles promotion, venue management and ticket sales for live events. Live Nation was spun out of the former Clear Channel Communications in late 2005. In our view, spinoffs often represent attractive opportunities because investors frequently undervalue the new company. We believed this was the case with Live Nation, especially given its initially small market capitalization. As well, when spinoffs are freed from their parents, they typically benefit from intensified management focus and more flexible capital allocation policies. In Live Nation’s case, the spinoff helped make possible the merger with Ticketmaster in 2010, which materially improved the business franchise. Although these factors alone might have made Live Nation a good holding for the Fund, an unexpected technology helped to boost the company’s fortunes: streaming. As the advantages of streaming convinced consumers to reduce or even eliminate their purchases of media, such as CDs and DVDs, artists began to tour more, thereby providing a tailwind to Live Nation’s operations. This accelerated growth in the company’s intrinsic value per share, which in turn generated numerous increases in our sell target for the holding, enabling us to continue to own the shares in the Fund for 14 years. We typically target a three- to five-year holding period for our equity investments, but we love opportunities like Live Nation, which achieve unanticipated intrinsic value growth.”

5. Oscar Health, Inc. (NYSE:OSCR)

Number of Hedge Fund Holders: 16

Oscar Health, Inc. (NYSE:OSCR) is a health insurance provider. Regulatory filings show that Duquesne Capital owned 994,289 shares in the company at the end of the third quarter of 2021 worth over $17 million, representing 0.56% of the portfolio.

Morgan Stanley analyst Ricky Goldwasser has an Overweight rating on Oscar Health, Inc. stock with a price target of $22. However, the analyst has cautioned investors against contraction among healthcare disruptors in the coming months.

Among the hedge funds being tracked by Insider Monkey, New York-based investment firm Thrive Capital is a leading shareholder in Oscar Health, Inc. with 37 million shares worth more than $654 million.

4. Overstock.com, Inc. (NASDAQ:OSTK)

Number of Hedge Fund Holders: 28

Overstock.com, Inc. (NASDAQ:OSTK) is an online retailer based in Utah. The stock has soared in recent weeks after beating analyst estimates on earnings for the third quarter and the approach of the holiday season when sales traditionally skyrocket.

According to the latest data, Duquesne Capital owned 49,650 shares in Overstock.com, Inc. at the end of September 2021 worth $3.8 million, representing less than 0.13% of the portfolio of the fund.

At the end of the second quarter of 2021, 28 hedge funds in the database of Insider Monkey held stakes worth $255 million in Overstock.com, Inc., down from 31 in the previous quarter worth $168 million.

3. Recursion Pharmaceuticals, Inc. (NASDAQ:RXRX)

Number of Hedge Fund Holders:

Recursion Pharmaceuticals, Inc. (NASDAQ:RXRX) is a clinical-stage biotech firm. Securities filings show that Duquesne Capital owned 259,941 shares in the company at the end of the third quarter of 2021 worth $5.9 million, representing 0.19% of the portfolio.

On September 21, investment advisory Berenberg initiated coverage of Recursion Pharmaceuticals, Inc. stock with a Buy rating and a price target of $37. Analyst Gal Munda issued the ratings update.

Among the hedge funds being tracked by Insider Monkey, New York-based firm Laurion Capital Management is a leading shareholder in Recursion Pharmaceuticals, Inc. with 3.9 million shares worth more than $90 million.

2. StoneCo Ltd. (NASDAQ:STNE)

Number of Hedge Fund Holders: 44

StoneCo Ltd. (NASDAQ: STNE) is a fintech firm providing services in Brazil. In earnings results for the third quarter, posted in early November, the company reported a revenue of R$1.4 billion, up more than 57% year-on-year.

Duquesne Capital owned 382,100 shares in StoneCo Ltd. at the end of September 2021 worth $13.2 million, representing 0.43% of the portfolio.

At the end of the second quarter of 2021, 44 hedge funds in the database of Insider Monkey held stakes worth $2.7 billion in StoneCo Ltd., up from 39 the preceding quarter worth $2.1 billion.

In its Q2 2021 investor letter, JDP Capital Management, an asset management firm, highlighted a few stocks and StoneCo Ltd. (NASDAQ:STNE) was one of them. Here is what the fund said:

“StoneCo has been in our portfolio since early 2019 and has appreciated 225% since. In the first half of 2021 the stock was down nearly 20% and was a drag on the fund’s performance.

Stone is a leading fintec company in Brazil that provides back-office software, loans and other financial services to small and medium sized businesses (SMBs). We have discussed Stone in past letters and the company’s “ladder up” from a card processor to a supplier of enterprise software used to sell financial products on top of such as working capital loans.

The company generates a lot of cash that it reinvests to acquire or build new financial products for its customer base. Since we invested, the company has grown the number of SMB clients by 3x, revenue by 2.3x, and net income by 2.2×11.

The pandemic’s impact on SMBs in Brazil has been severe, especially for the many retailers who are only now adopting an e-commerce strategy. In the first half of 2021 Stone increased loss provisions on its lending product, and overall growth has slowed somewhat. The stock’s decline earlier this year was not surprising, but investors are now ignoring progress that has enhanced Stone’s position for coming out much stronger when the recovery begins.

StoneCo Q1 2021 Earnings Call: “Based on (i) our learnings with lockdowns last year, (ii) recent client transactional data and (iii) learnings from the dynamics of countries where vaccines are widespread, we expect that once vaccination scale (which we think will happen in the second half of 2021), the economic recovery will be fast and – although delayed – Brazil is moving in the right direction. For these reasons, we have made an informed decision to be ready for recovery by investing in growth…”

“…In the first quarter, we decided to increase our salesforce headcount by 24%, marketing investments by 33%, customer service and logistics headcount by 32% and technology headcount by 20% in order to be the fastest player when our economy comes back to normal levels.”

“I want to start our presentation by highlighting that Brazil went through a second wave of COVID in the first quarter of ’21, which imposed commerce restrictions in several cities throughout the country. Those restrictions were felt by our clients with average TVP reaching a low in the end of March…

…But similar to the behavior we saw in the comeback from the first lockdown in 2020, we already observed significant and quick recovery with average TPV in May achieving levels above January 2021. As Thiago mentioned, we expect that once vaccinations are scaled, the economy recovery of the country will be fast.”

In terms of COVID recovery opportunities within our portfolio, Stone might be the most “coiled” because the impact on Brazilian small businesses has been so traumatic. In addition, Stone is part of a much larger and fast-moving transition happening in Brazil around the digitalization of financial services. The speed of this transition is unique to Brazil because the Central Bank is actively trying to reduce the country’s previous dependency on a small handful of large banks. Important progress in the first half of 2021 included closing on the long-awaited acquisition of Linx, a mature provider of enterprise software with a large footprint across Brazil. The acquisition will provide Stone meaningful cross-selling opportunities and a more diversified customer base.”

1. Zoom Video Communications, Inc. (NASDAQ:ZM)

Number of Hedge Fund Holders: 59

Zoom Video Communications, Inc. (NASDAQ:ZM) owns and runs a video-first communications platform. At the end of the third quarter of 2021, Duquesne Capital owned 117,690 shares in the company worth $30.7 million, representing 0.99% of the portfolio.

KeyBanc analyst Michael Turits recently upgraded Zoom Video Communications, Inc. stock to Overweight from Sector Weight with a price target of $200, identifying recent dips in share prices as a buying opportunity for investors.

Among the hedge funds being tracked by Insider Monkey, New York-based firm Tiger Global Management LLC is a leading shareholder in Zoom Video Communications, Inc. with 4.2 million shares worth more than $1.6 billion.

In its Q1 2021 investor letter, Artisan Partners, an asset management firm, highlighted a few stocks and Zoom Video Communications, Inc. (NASDAQ:ZM) was one of them. Here is what the fund said:

“We concluded our campaigns in Zoom Video Communications. We have been paring our position in Zoom for several quarters, anticipating the reduced need for video conferencing as vaccination rates climb and people return to their workplaces. That said, we believe there is a strong case to be made that the pandemic has prompted a permanent inflection in videoconferencing’s importance—sustainably higher remote work arrangements, more online learning and less business travel. Furthermore, the company’s dramatically expanded user base (up 485% YoY in Q3) positions it well to cross sell additional services, Zoom Phone in particular. The long-term future remains bright, but we decided to end our successful investment campaign in favor of opportunities in our pipeline with more attractive near-term growth prospects.”

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