Stanley Druckenmiller is Loading Up on These 5 Stocks

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In this article, we discuss the 5 stocks Stanley Druckenmiller is loading up on. If you want to read our detailed analysis of these stocks, go directly to Stanley Druckenmiller is Loading Up on These 15 Stocks.

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 (NYSE: GM) 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 (NYSE: GM) 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 (NYSE: GM) 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.”

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