Duquesne Family Office’s 5 New Stock Picks

In this article, we will discuss Duquesne Family Office’s 5 new stock picks. If you want to explore similar stocks, you can also take a look at Duquesne Family Office’s 15 New Stock Picks.

5. Cameco Corporation (NYSE:CCJ)

Duquesne Family Office’s Q2 2023 Investment: $27.25 Million
Number of Hedge Fund Holders: 54

Cameco Corporation (NYSE:CCJ) is a leading provider of uranium for electricity generation, with its operations divided into two core segments: Uranium and Fuel Services.

Cameco Corporation (NYSE:CCJ) has earned its spot on the 15 fresh stock picks of Duquesne Family Office. It bought 869,740 shares of Cameco Corporation (NYSE:CCJ) in the second quarter of 2023. The value of the shares was $27.25 million.

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4. Oracle Corporation (NYSE:ORCL)

Duquesne Family Office’s Q2 2023 Investment: $32.31 Million
Number of Hedge Fund Holders: 84

Duquesne Family Office, led by Mr. Druckenmiller, started a new position in Oracle Corporation (NYSE:ORCL) in the second quarter of 2023. It bought 271,265 shares of Oracle Corporation (NYSE:ORCL), worth $32.31 million, which made up 1.12% of its portfolio

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3. PTC Inc. (NASDAQ:PTC)

Duquesne Family Office’s Q2 2023 Investment: $38.91 Million
Number of Hedge Fund Holders: 40

Duquesne family office bought 273,434 shares of PTC Inc. (NASDAQ:PTC) in the second quarter of 2023 at an average price of $132.45 a share.

Along with Duquesne Family Office’s $38.91 million investment, 40 hedge funds out of the 910 polled by Insider Monkey had owned shares of PTC Inc. (NASDAQ:PTC) during 2023’s June quarter. Out of these, the biggest shareholder is Stephen Mandel’s Lone Pine Capital, with a $450.74 million stake.

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2. Builders Firstsource, Inc. (NYSE:BLDR)

Duquesne Family Office’s Q2 2023 Investment: $42.20 Million
Number of Hedge Fund Holders: 57

Builders Firstsource, Inc. (NYSE:BLDR) is one of the Duquesne family office’s biggest Industrial plays as the company manufactures and supplies building materials, manufactured components, and construction services for professional homebuilders. The company provides lumber, sheet goods, trusses, wall panels, stairs, and engineered wood products.

Builders Firstsource, Inc. (NYSE:BLDR) has turned out to be one billionaire Stanley Druckenmiller’s top stock picks, going by the 70% plus rally in 2023.

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1. General Electric Company (NYSE:GE)

Duquesne Family Office’s Q2 2023 Investment: $80.86 Million
Number of Hedge Fund Holders: 71

General Electric Company (NYSE:GE) is a high-tech industrial company that offers gas and steam turbines. It also provides a full balance of plant upgrades, service solutions, and data-leveraging software for power generation. It has turned out to be one of the best performing among billionaire Stanley Druckenmiller’s top new stock picks, going by the 53% year-to-date gain.

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Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily newsletter to get  the latest investment ideas from hedge funds’ investor letters by entering your email address below. You can also check out our articles on Ray Dalio on Potential US-China War and Rise of China and Ken Fisher Portfolio: 15 Biggest Small-Cap Positions.