Billionaire Druckenmiller’s 5 Stocks Picks with Huge Upside Potential

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In this piece, we will take a look at billionaire Druckenmiller’s 5 stocks picks with huge upside potential. If you want to read our introduction to Mr. Druckenmiller in general, then head over to Billionaire Druckenmiller’s 10 Stocks Picks with Huge Upside Potential.

5. Transocean Ltd (NYSE:RIG)

Duquesne Capital’s Equity Stake: $15.14 Million
Share Price Upside Potential: 53.06%
Number of Hedge Fund Holders: 47

Transocean Ltd (NYSE:RIG) is a company that offers offshore contract drilling services for oil and gas wells. It is an energy investment play in the portfolio of Duquesne Capital. Transocean Ltd (NYSE:RIG) contracts its mobile offshore drilling rig-related equipment and world crew for drilling oil and gas wells.

In addition to being a billionaire Druckenmiller stock pick with tremendous upside potential, Transocean Ltd (NYSE:RIG) has outperformed the overall market as it is up by about 47% for the year. Analysts have an average $9.75 price target on the stock, implying a 53.06% upside potential from current levels. Druckenmiller acquired 1.8 million shares in Transocean Ltd (NYSE:RIG) in Q3 2023, valued at about $15.14 million and accounting for 0.54% of the portfolio.

As of Q3 2023, 47 of the 910 hedge funds tracked by Insider Monkey held Transocean Ltd (NYSE:RIG) shares, up from 38 in the previous quarter. D. E. Shaw’s D E Shaw was its largest hedge fund shareholder with ownership of about 22 million shares valued at $183.05 million.

Follow Transocean Ltd. (NYSE:RIG)

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