Druckenmiller Sold Big Tech in Bear Market as Soros Dove Back In
- Family offices, including for the Waltons, trimmed holdings
- Soros added to positions in Amazon and Alphabet, filings show
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Stanley Druckenmiller’s family office took a different approach than the investment firm of his former mentor, George Soros, as US stocks entered a bear market and reached their lows of 2022.
Druckenmiller’s Duquesne Family Office sold its entire $199 million position in Amazon.com Inc. in the three months through June, while scaling back its stake in Microsoft Corp., according to the firm’s 13F filing Monday. Offloading big tech was a theme for the legendary investor in the first quarter, too, when the firm dumped about $274 million of Alphabet Inc. shares.