Stanley Druckenmiller is Loading Up on These 15 Stocks

Published August 26, 2021 at 9:55 am EDT Updated September 7, 2026 at 1:33 pm EDT

In this article, we discuss the 15 stocks Stanley Druckenmiller is loading up on.

Technology stocks have offered investors explosive returns over the past few months. No other billionaire on Wall Street has benefited more from this trend than Stanley Druckenmiller, the Pennsylvania-born investor who oversees Duquesne Capital, a hedge fund with more than $3.4 billion in assets under management. Druckenmiller, who has witnessed his wealth soar by over $4.5 billion in the first eight months of this year, added many growth stocks to his portfolio between March and June, according to the latest securities filings.

Together, the 15 most valuable new additions to the Duquesne Capital portfolio at the end of the second quarter of 2021 accounted for over 11% of the portfolio. Druckenmiller has loaded up on tech companies in the software, cybersecurity, and cloud services business. However, despite this flurry of new activity, he has also maintained sizable stakes in his top holdings like Microsoft Corporation (NASDAQ: MSFT), Amazon.com, Inc. (NASDAQ: AMZN), and Alphabet Inc. (NASDAQ: GOOG), among others.

Although the total value of his holdings has decreased from $3.8 billion at the end of the first quarter this year to $3.4 billion at the end of the second quarter, Druckenmiller still has a turnover rate of 89%. Between March and June this year, the billionaire purchased 16 new stocks, made additional purchases in 10, sold out of 28 equities, and reduced holdings in 12 stocks. Over the years, the incredible success that Druckenmiller has had in the investing world is not typical of an average hedge fund manager.

The entire hedge fund industry is feeling the reverberations of the changing financial landscape. Its reputation has been tarnished in the last decade, during which its hedged returns couldn’t keep up with the unhedged returns of the market indices. On the other hand, Insider Monkey’s research was able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by more than 124 percentage points since March 2017. Between March 2017 and July 2021 our monthly newsletter’s stock picks returned 186.1%, vs. 100.1% for the SPY. Our stock picks outperformed the market by more than 115 percentage points (see the details here). That’s why we believe hedge fund sentiment is an extremely useful indicator that investors should pay attention to. You can subscribe to our free newsletter on our homepage to receive our stories in your inbox.

Stan Druckenmiller

Our Methodology

With this context in mind, here is our list of the 15 stocks Stanley Druckenmiller is loading up on. These were ranked according to the investment portfolio of Duquesne Capital at the end of the second quarter of 2021 with the most valuable holdings occupying top positions on our list.

Only those stocks were selected that are new additions to the portfolio of the fund as compared to the filings for the first quarter of the year. The analyst ratings of each company are also discussed to provide readers with some more context for their investment decisions.

The hedge fund sentiment around each stock was gauged using the data of 873 hedge funds tracked by Insider Monkey. The number of hedge fund holders in each company are mentioned alongside other details for further clarity.

Stanley Druckenmiller is Loading Up on These Stocks

15. ACADIA Pharmaceuticals Inc. (NASDAQ: ACAD)

Number of Hedge Fund Holders: 21

ACADIA Pharmaceuticals Inc. (NASDAQ: ACAD) is a California-based biopharma firm. It is placed fifteenth on our list of 15 stocks Stanley Druckenmiller is loading up on. According to the latest filings, Duquesne Capital owned 74,400 shares in ACADIA Pharmaceuticals Inc. at the end of June 2021 worth $1.8 million, representing 0.05% of the portfolio.

On August 5, investment advisory Cantor Fitzgerald kept an Overweight rating on ACADIA Pharmaceuticals Inc. stock and lowered the price target to $27 from $33. Charles Duncan, an analyst at the firm, issued the ratings update.

At the end of the second quarter of 2021, 21 hedge funds in the database of Insider Monkey held stakes worth $1.3 billion in ACADIA Pharmaceuticals Inc., down from 33 in the previous quarter worth $1.4 billion.

Just like Microsoft Corporation, Amazon.com, Inc., and Alphabet Inc., ACADIA Pharmaceuticals Inc. is one of the top stock picks of Stanley Druckenmiller.

In its Q1 2021 investor letter, Alger, an asset management firm, highlighted a few stocks and ACADIA Pharmaceuticals Inc. (NASDAQ: ACAD) was one of them. Here is what the fund said:

“Acadia Pharmaceuticals Inc. was among the top detractors from performance. Acadia Pharmaceuticals develops and commercializes small molecule drugs that address unmet medical needs associated with central nervous system disorders. Acadia’s Nuplazid (Pimavansenn) is marketed for treating hallucinations and delusions that accompany Parkinson’ s disease psychosis. Additionally, Nuplazid is being developed to treat hallucinations and delusions related to dementia. The price of Acadia shares fell significantly in response to an FDA notification on March 3 that the agency had identified deficiencies in the drug’ s supplemental new drug application that currently preclude discussion of labeling and post-marketing requirements.”

14. SentinelOne, Inc. (NYSE: S)

Number of Hedge Fund Holders: 67

SentinelOne, Inc. (NYSE: S) is ranked fourteenth on our list of 15 stocks Stanley Druckenmiller is loading up on. The company provides cybersecurity solutions and is headquartered in California. Regulatory filings show that Duquesne Capital owned 100,000 shares in SentinelOne, Inc. worth $4.2 million at the end of the second quarter of 2021, representing 0.12% of the portfolio.

On July 26, investment advisory Cowen initiated coverage of SentinelOne, Inc. stock with an Outperform rating and a price target of $60, noting that the platform marketed by the firm was becoming a major shield against network attacks.

At the end of the second quarter of 2021, 67 hedge funds in the database of Insider Monkey held stakes worth $2 billion in SentinelOne, Inc..

13. DISH Network Corporation (NASDAQ: DISH)

Number of Hedge Fund Holders: 51

DISH Network Corporation (NASDAQ: DISH) is placed thirteenth on our list of 15 stocks Stanley Druckenmiller is loading up on. The company markets cable and TV-related services and is based in Colorado. Latest data shows that Duquesne Capital owned 112,400 shares in DISH Network Corporation at the end of June 2021 worth $4.6 million, representing 0.13% of the portfolio.

On August 12, investment advisory Deutsche Bank maintained a Buy rating on DISH Network Corporation stock and raised the price target to $77 from $68, noting that the company was making “tangible progress” on the network buildout.

At the end of the second quarter of 2021, 51 hedge funds in the database of Insider Monkey held stakes worth $2.5 billion in DISH Network Corporation, the same as in the previous quarter worth $2.2 billion.

In addition to Microsoft Corporation, Amazon.com, Inc., and Alphabet Inc., DISH Network Corporation is one of the top stock picks of Stanley Druckenmiller.

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

“Portfolio holdings in the communication services and financials sectors also made strong contributions. Dish Network continues to make progress on the buildout of its greenfield 5G network, with Las Vegas slated to become the first market launched later this year. The company gained credibility, and its stock reacted favorably, after it announced a partnership with Amazon to deploy a 5G cloud-native network using AWS’s cloud infrastructure. While the stock has been volatile in recent quarters, we continue to feel confident in Dish’s long-term prospects, which include competing as a fourth U.S. wireless carrier. Charter Communications has been executing well and benefiting from the growth in residential broadband, which has been accelerated by COVID-19 and should see further support from the Biden Administration’s infrastructure bill, which earmarks $65 billion for broadband buildout. In addition, we expect the company to continue to grow its wireless business, leveraging its mobile virtual network operator (MVNO) relationship with Verizon. The company continues to generate strong and growing free cash flow and deploys it toward consistent and material share buybacks.”

12. OneMain Holdings, Inc. (NYSE: OMF)

Number of Hedge Fund Holders: 41

OneMain Holdings, Inc. (NYSE: OMF) is an Indiana-based financial services holding company. It is ranked twelfth on our list of 15 stocks Stanley Druckenmiller is loading up on. This is the first time the fund has bought a stake in the company. Securities filings reveal that Duquesne Capital owned 83,750 shares in OneMain Holdings, Inc. at the end of the second quarter of 2021 worth $5 million, representing 0.14% of the portfolio.

On July 28, investment advisory Citi maintained a Buy rating on OneMain Holdings, Inc. stock and raised the price target to $71 from $64, noting that the guidance numbers were positive on loan growth by the end of the year.

At the end of the second quarter of 2021, 41 hedge funds in the database of Insider Monkey held stakes worth $994 million in OneMain Holdings, Inc., down from 43 in the previous quarter worth $886 million.

In its Q4 2020 investor letter, Miller Value Partners, an asset management firm, highlighted a few stocks and OneMain Holdings, Inc. (NYSE: OMF) was one of them. Here is what the fund said:

“OneMain Holdings (OMF) was the top contributor over the quarter, advancing 56.0% after reporting Q3 Earnings Per Share (EPS) of $2.19, well above consensus of $1.26 and the quarterly dividend, which was increased 36% to $0.45/share (3.5% annualized yield and 11.5% Trailing Twelve Month (TTM) yield). Net interest income of $836M beat estimates of $778M, implying a 24.3% asset yield and 18.7% net interest margin. Origination volumes increased 41% sequentially to $2.9Bn on continued strength in digital while end-of-period net receivables were flat at $17.8Bn. Credit quality remains excellent with net charge-offs of 5.2%, the lowest level since 3Q 2015. Management guided to year-end receivables of $18.1Bn, net charge-offs of 5.6% (from 5.8%-6.0%), and net leverage of 4.3x-4.5x.”

11. The Mosaic Company (NYSE: MOS)

Number of Hedge Fund Holders: 43

The Mosaic Company (NYSE: MOS) is a Florida-based firm that markets fertilizers and agricultural chemicals. It is placed eleventh on our list of 15 stocks Stanley Druckenmiller is loading up on. According to the 13F filings, Duquesne Capital owned 162,000 shares in The Mosaic Company at the end of June 2021 worth $5.1 million, representing 0.14% of the portfolio.

On August 20, investment advisory HSBC upgraded The Mosaic Company stock to Buy from Hold and raised the price target to $39 from $37, underlining that stronger fertilizer prices were here to stay.

At the end of the second quarter of 2021, 43 hedge funds in the database of Insider Monkey held stakes worth $808 million in The Mosaic Company, up from 38 in the preceding quarter worth $944 million.

Along with Microsoft Corporation, Amazon.com, Inc., and Alphabet Inc., The Mosaic Company is one of the top stock picks of Stanley Druckenmiller.

In its Q1 2021 investor letter, Appleseed Fund, an asset management firm, highlighted a few stocks and The Mosaic Company (NYSE: MOS) was one of them. Here is what the fund said:

“Our most significant contributors to the Fund’s equity performance during the quarter (includes) Mosaic Company (MOS). As for Mosaic, its share price has risen in sympathy with increasing grain prices, which should stimulate additional farmer investment into improving crop yields.”

10. Roblox Corporation (NYSE: RBLX)

Number of Hedge Fund Holders: 49

Roblox Corporation (NYSE: RBLX) is ranked tenth on our list of 15 stocks Stanley Druckenmiller is loading up on. The firm owns and runs an online entertainment platform and is based in California. According to the latest filings, Duquesne Capital owned 59,575 shares in Roblox Corporation at the end of the second quarter of 2021 worth $5.3 million, representing 0.15% of the portfolio.

On August 18, investment advisory Morgan Stanley maintained an Overweight rating on Roblox Corporation stock and raised the price target to $88 from $87, citing four different reasons to stay bullish on the firm in note to investors.

At the end of the second quarter of 2021, 49 hedge funds in the database of Insider Monkey held stakes worth $4.9 billion in Roblox Corporation, up from 46 in the previous quarter worth $3.3 billion.

In its Q2 2021 investor letter, Guardian Fund, an asset management firm, highlighted a few stocks and Roblox Corporation (NYSE: RBLX) was one of them. Here is what the fund said:

“The wonder-tale stories of children’s books show us that there are infinite possibilities of stories and worlds. The metaverse, the idea that describes the shared 3D spaces in a virtual universe, is enabling people to create fiction. Over the past six months, we initiated a new investment in Roblox. The firm was founded in 1989 by David Baszucki and Erik Kassel when they programmed a physics lab where students could study how cars would crash.

Today, Roblox has become a leading platform with a mission to build a human co-experience that enables billions of users to play, learn, and build friendships in the metaverse. Recent advances in cloud computing, computing devices, and machine learning, enable the materialization of the metaverse. Take what we have in virtual reality today and fast-forward a few decades. Humans will be able to experience unimaginable things and in a couple of millennia virtual economies are likely to become bigger than the physical trade on planet Earth.

Over the first quarter of 2021, Roblox reported 140% revenue growth, 42.1 million daily active users, and 9.7 billion engaged hours. The opportunity for this platform is massive.”

9. CF Industries Holdings, Inc. (NYSE: CF)

Number of Hedge Fund Holders: 47

CF Industries Holdings, Inc. (NYSE: CF) is placed ninth on our list of 15 stocks Stanley Druckenmiller is loading up on. The firm is based in Illinois and markets hydrogen and nitrogen products. Regulatory filings show that Duquesne Capital owned 193,900 shares in CF Industries Holdings, Inc. at the end of June 2021 worth $9.9 million, representing 0.28% of the portfolio.

On August 20, investment advisory HSBC upgraded CF Industries Holdings, Inc. stock to Buy from Hold with a price target of $59.5, up from $57, noting supply disruptions, higher feedstock costs, and low inventories as catalysts for fertilizer prices.

At the end of the second quarter of 2021, 47 hedge funds in the database of Insider Monkey held stakes worth $955 million in CF Industries Holdings, Inc., up from 44 in the previous quarter worth $879 million.

Microsoft Corporation, Amazon.com, Inc., and Alphabet Inc. are some of the top stock picks of Stanley Druckenmiller, just like CF Industries Holdings, Inc..

8. Farfetch Limited (NYSE: FTCH)

Number of Hedge Fund Holders: 63

Farfetch Limited (NYSE: FTCH) is a UK-based firm that owns and runs an online marketplace for luxury fashion goods. It is ranked eighth on our list of 15 stocks Stanley Druckenmiller is loading up on. Latest data shows that Duquesne Capital owned 293,100 shares in Farfetch Limited at the end of June 2021 worth $14.6 million, representing 0.42% of the portfolio.

On August 20, investment advisory Goldman Sachs kept a Buy rating on Farfetch Limited stock but lowered the price target to $68 from $71. Louise Singlehurst, an analyst at the firm, issued the ratings update.

At the end of the second quarter of 2021, 63 hedge funds in the database of Insider Monkey held stakes worth $4 billion in Farfetch Limited, up from 57 in the previous quarter worth $3 billion.

In its Q1 2021 investor letter, RiverPark Funds, an asset management firm, highlighted a few stocks and Farfetch Limited (NYSE: FTCH) was one of them. Here is what the fund said:

“We established a small position in e-commerce company Farfetch, which is benefitting from the secular trends of growing ecommerce, the global market for personal luxury goods, and emerging market growth, particularly in China. The company is an e-commerce platform like Amazon, Mercado Libre, or Alibaba, and is the leading online luxury fashion retail platform.

Luxury fashion has much lower online penetration than general ecommerce, and Farfetch is differentiated because of its longstanding relationships with the generally family-controlled, brand-protective luxury product companies. Because of its luxury focus, Farfetch has both higher average order values and higher take rates relative to peers, driving higher gross margins.

In its recently ended fiscal 2020, Farfetch grew revenue 64% and gross profit 68%, the company should be EBITDA positive this year, and we believe the company can grow revenue more than 20% per year and EBITDA more than 50% per year for the foreseeable future. With its extremely low capital needs—capital expenditures were less than 2% of revenue last year—we expect the company’s free cash flow to grow even faster.”

7. Marriott International, Inc. (NASDAQ: MAR)

Number of Hedge Fund Holders: 49

Marriott International, Inc. (NASDAQ: MAR) is a Maryland-based firm that owns and runs hotels and timeshare properties. It is placed seventh on our list of 15 stocks Stanley Druckenmiller is loading up on. Securities filings reveal that Duquesne Capital owned 135,700 shares in Marriott International, Inc. at the end of the second quarter of 2021 worth $18.5 million, representing 0.53% of the portfolio.

On August 4, investment advisory BMO Capital reiterated a Market Perform rating on Marriott International, Inc. stock and raised the price target to $145 from $140, appreciating the “better-than-expected” earnings for the firm in the second quarter.

At the end of the second quarter of 2021, 49 hedge funds in the database of Insider Monkey held stakes worth $2.4 billion in Marriott International, Inc., down from 58 in the previous quarter worth $3 billion.

Microsoft Corporation, Amazon.com, Inc., and Alphabet Inc. are some of the top stock picks of Stanley Druckenmiller, in addition to Marriott International, Inc..

In its Q1 2021 investor letter, LRT Capital Management, an asset management firm, highlighted a few stocks and Marriott International, Inc. (NASDAQ: MAR) was one of them. Here is what the fund said:

“We are also long shares of Marriott International, Inc. (MAR). Our investment thesis with respect to Marriott is essentially the same as with Hilton: excellent business economics, a consolidating industry and a good track record of capital allocation. Shares of Marriot are up 12.39% year-to-date.”

6. Coupa Software Incorporated (NASDAQ: COUP)

Number of Hedge Fund Holders: 54

Coupa Software Incorporated (NASDAQ: COUP) is ranked sixth on our list of 15 stocks Stanley Druckenmiller is loading up on. The firm operates from California and provides a cloud-based management platform to businesses. Latest data shows that Duquesne Capital owned 107,988 shares in Coupa Software Incorporated at the end of June 2021 worth $28.3 million, representing 0.81% of the portfolio.

On August 11, investment advisory Artete upgraded Coupa Software Incorporated stock to Buy from Sell with a price target of $300, noting that the concerns regarding demand environment were already reflected in the shares.

Out of the hedge funds being tracked by Insider Monkey, Connecticut-based investment firm Lone Pine Capital is a leading shareholder in Coupa Software Incorporated with 4.6 million shares worth more than $1.2 billion.

In its Q4 2020 investor letter, Artisan Partners Limited Partnership, an asset management firm, highlighted a few stocks and Coupa Software Incorporated (NASDAQ: COUP) was one of them. Here is what the fund said:

“We started new investment campaigns in Coupa Software. Coupa is a leading provider of cloud-based business spend-management software. The company helps 1,400 customers process over $2 trillion in annual spend across more than 5 million suppliers. While this quarter’s announcement of a major new customer win at Walmart shows it still has a long runway for growth in this business, we are particularly excited about Coupa Pay—a recently introduced set of cloud services that seeks to process B2B payments (not just invoices) across its large network. B2B payments has seen far less innovation in recent years compared to B2C (PayPal, Venmo, Square), but we see it as a major opportunity in the years ahead.”

5. General Motors Company (NYSE: GM)

Number of Hedge Fund Holders: 86

General Motors Company (NYSE: GM) is placed fifth on our list of 15 stocks Stanley Druckenmiller is loading up on. The company makes and sells automotives and is headquartered in Michigan. According to the latest filings, Duquesne Capital owned 566,125 shares in General Motors Company at the end of June 2021 worth $33.4 million, representing 0.96% of the portfolio.

On August 4, investment advisory Citi reiterated a Buy rating on General Motors Company stock with a price target of $90, noting that the second quarter ended up being “noisier than expected” for the carmaker.

Out of the hedge funds being tracked by Insider Monkey, Chicago-based investment firm Harris Associates is a leading shareholder in General Motors Company with 34 million shares worth more than $2 billion.

Junto Investments, in its Q4 2020 investor letter, mentioned General Motors Company (NYSE: GM). Here is what the fund has to say about General Motors Company in its letter:

“General Motors was the biggest gainer. We managed to buy it at a screamingly cheap price in the middle of March. A lot of interesting news has emerged about GM recently, including the new electric product delivery system BrightDrop and GM Cruise’s team-up with Microsoft Azure to commercialize self-driving cars in 2021. GM’s intrinsic value is crystallizing and the company is worth a whole lot more than is still reflected in the market.”

4. Smartsheet Inc. (NYSE: SMAR)

Number of Hedge Fund Holders: 49

Smartsheet Inc. (NYSE: SMAR) is a Washington-based firm that markets a cloud work execution platform. It is ranked fourth on our list of 15 stocks Stanley Druckenmiller is loading up on. The fund last owned a stake in the company in the second quarter of 2019. Securities filings reveal that Duquesne Capital owned 495,085 shares in Smartsheet Inc. at the end of June 2021 worth $35.8 million, representing 1.02% of the portfolio.

On August 19, investment advisory Jefferies upgraded Smartsheet Inc. stock to Buy from Hold and raised the price target to $85 from $65, noting that the firm operated in the low cost, high value pick work collaboration solution space.

At the end of the second quarter of 2021, 49 hedge funds in the database of Insider Monkey held stakes worth $1.48 billion in Smartsheet Inc., up from 39 in the preceding quarter worth $1.49 billion.

3. Moderna, Inc. (NASDAQ: MRNA)

Number of Hedge Fund Holders: 37

Moderna, Inc. (NASDAQ: MRNA) is a Cambridge-based biotechnology company. It is placed third on our list of 15 stocks Stanley Druckenmiller is loading up on. Latest data shows that Duquesne Capital owned 222,400 shares in Moderna, Inc. at the end of the second quarter of 2021 worth $52.2 million, representing 1.5% of the portfolio.

On July 15, investment advisory Jefferies kept a Hold rating on Moderna, Inc. stock but raised the price target to $250 from $170, noting that the advisory expected the revenue guidance for the company to increase for the year.

At the end of the second quarter of 2021, 37 hedge funds in the database of Insider Monkey held stakes worth $5.7 billion in Moderna, Inc., down from 39 in the preceding quarter worth $1.6 billion.

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

“Among the top contributors to Fund performance in the second quarter was Moderna. Moderna has just reported its first profitable quarter in the company’s history – net income for the most recent quarter was $1.2 billion. It reported revenue of $1.9 billion, an impressive increase compared to $8 million a year ago, driven by the sales of its Covid-19 vaccine. Moderna is expecting to deliver up to 1 billion vaccine doses in 2021 and is in discussions to increase global supply to governments around the world. Our long-term focus remains on the transformational potential of Moderna’s technology and its ability to address different diseases.”

2. Airbnb, Inc. (NASDAQ: ABNB)

Number of Hedge Fund Holders: 58

Airbnb, Inc. (NASDAQ: ABNB) is ranked second on our list of 15 stocks Stanley Druckenmiller is loading up on. The firm owns and runs an online platform for travel and operates from California. According to 13F filings, Duquesne Capital owned 561,831 shares in Airbnb, Inc. at the end of June 2021 worth $86 million, representing 2.47% of the portfolio.

On August 17, investment advisory Citi maintained a Neutral rating on Airbnb, Inc. stock and raised the price target to $152 from $149. Jason Bazinet, an analyst at the firm, issued the ratings update.

Out of the hedge funds being tracked by Insider Monkey, Chicago-based investment firm Citadel Investment Group is a leading shareholder in Airbnb, Inc. with 3.4 million shares worth more than $526 million.

In its Q2 2021 investor letter, Worm Capital LLC, an asset management firm, highlighted a few stocks and Airbnb, Inc. (NASDAQ: ABNB) was one of them. Here is what the fund said:

“Throughout the quarter, you may have noticed that we averaged into a significant position in Airbnb (ABNB). Though the stock has been a relative underperformer since its February highs, we are highly confident about the company’s prospects and its ability to generate meaningful compounded returns over time.

Some history: We have been following Airbnb’s journey for several years, long before the company went public earlier this year. (In fact, nine years ago, in November 2012, Eric profiled the company for Inc.: “Airbnb Is Changing Travel.”)

Whenever we underwrite a new investment, we look for a few key attributes that help us determine the potential long-term value of a business, as well as its risks. In particular, we focus on management (Are they founders? Do they have skin the game? Are they playing the long game?), addressable market size (How big is the opportunity?), its relative growth and creativity to expand (Are they constantly innovating to make the product better for their customers?), margin expansion (Where can we find operating leverage in the model?), its status in the industry (Are they the dominant player? Can they

take market share from incumbents?), business risks (What are we missing? Are customers dissatisfied? What do employees say?) and probably a dozen more elements that are critical to our process. It’s only then do we take out the pencils do the valuation work.

In short, ABNB fulfills pretty much every element of a business model we’re attracted to: First, it’s highly scalable marketplace-based business model that unites buyer and seller with observable flywheel effects. (This is an important observation, in that the platform creates significant economic value for millions of hosts who rely on Airbnb, which in turn attracts new hosts who identify the opportunity, which creates more inventory, which turn attracts more travelers, which attracts more hosts, and soon.) Second, it has a global focus with significant opportunities to expand its operating leverage; Third,

its management—which is still founder-led—stands out to us as long-term thinkers capable of handling crisis, which the team demonstrated throughout the pandemic by dropping operating costs and turning the business into a more efficient, lean organization. (Like Churchill said: “Never let a good crisis go to waste.”)..”

1. Netflix, Inc. (NASDAQ: NFLX)

Number of Hedge Fund Holders: 113

Netflix, Inc. (NASDAQ: NFLX) is placed first on our list of 15 stocks Stanley Druckenmiller is loading up on. The company provides entertainment services and is headquartered in California. Regulatory filings show that Duquesne Capital owned 172,215 shares in Netflix, Inc. at the end of June 2021 worth $90 million, representing 2.61% of the portfolio.

On July 21, investment advisory UBS maintained a Buy rating on Netflix, Inc. stock with a price target of $620, noting the quarterly results of the firm showed resilience amid tough competition.

Out of the hedge funds being tracked by Insider Monkey, Chicago-based firm Citadel Investment Group is a leading shareholder in Netflix, Inc. with 4.6 million shares worth more than $2.4 billion.

In its Q1 2021 investor letter, Polen Capital, an asset management firm, highlighted a few stocks and Netflix, Inc. (NASDAQ: NFLX) was one of them. Here is what the fund said:

“We purchased Netflix in March, initiating a 3% position in the Portfolio. We believe Netflix is a highly competitively advantaged company. It has recently met all our investment guardrails, and we anticipate it will remain sustainably above our guardrails over the next five years and beyond. We know Netflix for its ubiquitous streaming service and deep library of owned content. The company has made investments in this content (currently running at nearly $20 billion/year), generally keeping subscribers highly engaged and loyal to their service. The company has number one market share in 99% of markets globally, but it is our view that video streaming on-demand is still an underpenetrated space with many years of attractive growth likely ahead. The service is also relatively affordable at roughly $11/month on average globally.

We believe Netflix’s growth in content spend is beginning to moderate, which could allow margin expansion to continue for many years when paired with ongoing subscriber growth and price increases. While there is competition from the likes of Apple (Apple TV+), Amazon (Prime Video), Disney (Disney+ and Hulu), and others, we believe there can be a handful of winners in this industry. Already, we see many people subscribe to multiple streaming video services, with Netflix being their “anchor” service. That said, the barriers to entry are high, and we believe they are getting higher given the substantial amount of capital and size of the subscriber base required to maintain a competitive service for both viewers and content producers. Over the next five years, we expect Netflix’s earnings growth to be approximately 30% annualized and free cash flow to grow at an even higher rate.”

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