Billionaire Stanley Druckenmiller is exploring unique opportunities after dumping bigger than $2.5 billion in shares.
The renowned investor and head of Duquesne Family Put of labor equipped all of the firm’s shares of Nvidia (NVDA) closing one year, alongside with almost all of the firm’s stake in Palantir (PLTR).
Now, Druckenmiller is initiating to pour probably the most firm’s big money stockpile into Teva Pharmaceutical (TEVA), procuring 1,427,950 shares price about $30.3 million, experiences the Motley Fool.
The stock surged bigger than 100% in 2024, because the company settled opioid litigation and reported solid boost after centering its efforts on label-name pills.
As of Q3 2024, the head holdings at the Duquesne Family Put of labor consist of Natera (NTRA) price $452 million, Coupang (CPNG) valued at $287 million, Coherent (COHR) at $264 million, Woodward (WWD) at $181 million and Seagate Technology (STX) at $179 million.
In a latest interview with Nicolai Tangen, CEO of Norges Bank Investment Management, Druckenmiller talked about his high declare is whether or not the Federal Reserve started chopping rates too soon.
“When this entire inflationary episode started, and I’d whisper two years ago or a one year and a half ago, I was very assured that inflation used to be going to reach lend a hand down, which I was moral on.
But I was scared relating to the economic system, which I was utterly unpleasant on. That you simply would possibly rob this with a grain of salt since I had one moral and one unpleasant there, I’ve switched to being more scared about inflation going forward than the economic system itself.
I’m a diminutive bit scared that the Fed has declared victory too early. I don’t bear conviction like I had in 2021 that inflation used to be going to head up, that’s when the money supply used to be growing 40% and all styles of things were happening. But I also don’t bear conviction that they’ve snuffed this thing out and obtained the war.”
Generated Picture: Midjourney
