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Billionaire investor Stanley Druckenmiller loaded up on Palantir, added bank stocks, and sold Carnival Cruise Line in the 1st quarter of 2021

Published by Business Insider on Tue, 18 May 2021


<p><img src="https://static5.businessinsider.com/image/60a3dc501b5cea0019c457b1-2400/rtxzfh9.jpg" border="0" alt="Stanley Druckenmiller" data-mce-source="REUTERS/Brendan McDermid" data-mce-caption="Stanley Druckenmiller, founder of Duquesne Capital Management, speaks at the Sohn Investment Conference in New York, May 8, 2013."></p><p></p><bi-shortcode id="summary-shortcode" data-type="summary-shortcode" class="mceNonEditable" contenteditable="false">Summary List Placement</bi-shortcode><p>Billionaire investor Stanley Druckenmiller's Duquesne Family Office took up new stakes in <a href="https://markets.businessinsider.com/stocks/pltr-stock'utm_source=markets&amp;utm_medium=ingest">Palantir</a>, <a href="https://markets.businessinsider.com/stocks/C-stock">Citigroup</a>, and <a href="https://markets.businessinsider.com/stocks/cpng-stock">Coupang</a> during the first quarter of 2021, <a href="https://www.sec.gov/Archives/edgar/data/1536411/000153641121000004/xslForm13F_X01/form13f_20210331.xml">regulatory filings</a> show.</p><p>Druckenmiller scooped up 5,983,992 shares of Palantir worth $139,367,000 at the time of the March 31 filing. It's the opposite move from <a href="https://markets.businessinsider.com/news/stocks/dan-loeb-third-point-13f-filing-palantir-tech-stocks-amazon-2021-5-1030438428">Third Point's Dan Loeb, who sold all of his Palantir stake</a> in the first quarter of 2021. The big data surveillance company is down nearly 9% year-to-date.&nbsp;</p><p>Like Loeb, Druckenmiller trimmed his stake in Amazon, selling 7,105 shares. His fund now holds 75,648 shares of Amazon for a value of $234,061,000 at the filing time.</p><p>Druckenmiller also added a big bet on newly public company Coupang. The Korean e-commerce company was the largest US IPO in the first quarter of 2021, raising $4.6 billion, according to Renaissance Capital. Druckenmiller added 714,285 shares.</p><p>The investor also appears to be betting on the financial sector. He took a new stake in Citigroup, purchasing 2,124,909 million shares worth $154,587,000 at the time of filing. He also scooped up 258,420 of JPMorgan Chase, and added positions in Visa and Mastercard.</p><p>Druckenmiller liquidated his positions in cyclical stocks like Disney, cruise liner Carnival Crop, and Live Nation Entertainment. However, he appears to be still betting on the rebound of travel out of the pandemic, as seen by his new $69.7 million stake in online travel company Booking Holdings Inc.</p><p>In a recent CNBC interview, the investor said that a "<a href="https://markets.businessinsider.com/currencies/news/stanley-druckenmiller-blasted-fed-touted-bitcoin-ethereum-crypto-dollar-warning-2021-5-1030419926">monkey could make money in this market</a>," due to the Federal Reserve's easy monetary policies that have pumped ample liquidity into all financial markets.</p><p><em><strong>Read more:</strong> <a href="https://www.businessinsider.com/crypto-trading-investing-tips-crypto-tokens-hodling-trader-scott-melker-2021-5" target="_blank" rel="noopener">'Wolf of All Streets' crypto trader Scott Melker breaks down his strategy for making money using 'HODLing' and 100X trade opportunitiesand shares 5 under-the-radar tokens he thinks could explode</a></em></p><p><a href="https://markets.businessinsider.com/news/stocks/stanley-druckenmiller-13f-palantir-stock-duquesne-carnival-coupang-disney-pltr-2021-5-1030442680#comments">Join the conversation about this story &#187;</a></p> <p>NOW WATCH: <a href="https://www.businessinsider.com/coronavirus-myths-debunked-wuhan-china-2020-2">Epidemiologists debunk 13 coronavirus myths</a></p>
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