Stanley Druckenmiller is Selling These 5 Stocks

3. Builders FirstSource, Inc. (NYSE: BLDR)

Number of Hedge Fund Holders: 60

Percentage Decline in Stake in Q2: 57% 

Builders FirstSource, Inc. (NYSE: BLDR) is a Texas-based firm that makes and sells building materials. It is ranked third on our list of 12 stocks Stanley Druckenmiller is selling. Latest data shows that Duquesne Capital owned 566,856 shares in the firm at the end of June 2021, representing 0.69% of the portfolio. These are valued at over $24 million. The fund has decreased stake in the company by 57% compared to the end of March 2021. 

On August 6, investment advisory B Riley maintained a Buy rating on Builders FirstSource, Inc. (NYSE: BLDR) stock and raised the price target to $58 from $56, highlighting that builders continued to be the beneficiaries of strong housing demand. 

Out of the hedge funds being tracked by Insider Monkey, Connecticut-based firm Coliseum Capital is a leading shareholder in Builders FirstSource, Inc. (NYSE: BLDR) with 8.8 million shares worth more than $377 million.