Billionaire Stanley Druckenmiller is Decreasing Stakes in These 5 Stocks

Page 1 of 5

In this article, we discuss the 5 stocks that billionaire Stanley Druckenmiller is decreasing stakes in. If you want to read about some more stocks in the Stanley Druckenmiller portfolio, go directly to Billionaire Stanley Druckenmiller is Decreasing Stakes in These 10 Stocks.

5. Teck Resources Limited (NYSE:TECK)

Number of Hedge Fund Holders: 46

Percentage Decrease in Stake During Q2 2022: 57%

Teck Resources Limited (NYSE:TECK) is a diversified metals and mining firm. Latest data shows that Duquesne Capital owned 1 million shares of Teck Resources Limited (NYSE:TECK) at the end of the second quarter of 2022 worth more than $32 million, representing 2.34% of the portfolio.  

On August 16, investment advisory Stifel maintained a Buy rating on Teck Resources Limited (NYSE:TECK) stock and lowered the price target to C$59 from C$62. Analyst Alex Terentiew issued the ratings update. 

At the end of the second quarter of 2022, 46 hedge funds in the database of Insider Monkey held stakes worth $2 billion in Teck Resources Limited (NYSE:TECK), compared to 56 in the previous quarter worth $2.6 billion.

Page 1 of 5