Druckenmiller’s Prediction and His 5 Defensive Stock Picks

4. Antero Resources Corporation (NYSE:AR)

Number of Hedge Fund Holders: 64  

Antero Resources Corporation (NYSE:AR) is an independent oil and natural gas company that acquires, explores for, develops, and produces natural gas, natural gas liquids, and oil properties. According to the latest filings, Duquesne Capital owned over 1 million shares of Antero Resources Corporation (NYSE:AR) at the end of June 2022 2022 worth $31 million, representing 2.25% of the portfolio. Antero Resources Corporation (NYSE:AR) is also an elite defensive stock pick of Stanley Druckenmiller.

On August 18, Mizuho analyst Vincent Lovaglio maintained a Buy rating on Antero Resources Corporation (NYSE:AR) stock and lowered the price target to $49 from $53, noting that the broader thesis for the exploration and production sector holds after the Q2 results. 

At the end of the second quarter of 2022, 64 hedge funds in the database of Insider Monkey held stakes worth $1.5 billion in Antero Resources Corporation (NYSE:AR), compared to 53 in the preceding quarter worth $1.4 billion.