Billionaire investor and legendary hedge fund manager Stanley Druckenmiller is investing millions of dollars in four stocks that have more than tripled in value in less than half a year.
According to SEC filesDruckenmiller’s family office, Duquesne Family Office, invested about $68.15 million in the first quarter in four stocks that have each risen between 236% and 623% since the beginning of the year.
The four stocks are flash memory and data storage company SanDisk (NASDAQ: SNDK), data storage company Seagate Technology Holdings (NASDAQ: STX), chip designer Arm Holdings (NASDAQ: ARM) and memory manufacturer Micron Technology (NASDAQ: MU).
SanDisk is trading at $1,716 at the time of writing, up 623% since the beginning of the year. Seagate Technology Holdings is changing hands for $927, up 236% since the beginning of the year.
Arm Holdings is trading at $402 at the time of writing, up 268% since the beginning of the year. Micron Technology is trading at $1,064 at the time of writing, up 273% since the beginning of the year.
Amid the millions of dollars of investments in the semiconductor supply chain, Duquesne Family Office also dumped nearly $200 million worth of stock in four Fortune 500 companies in the first quarter.
Specifically, Duquesne Family Office transferred approximately $120.81 million to Google’s parent company Alphabet (NASDAQ: GOOG), $45.17 million to Delta Air Lines (NYSE: DAL), $24.17 million to Goldman Sachs (NYSE: GS) and $9.81 million to American Airlines (NASDAQ: AAL).
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