Billionaire Stanley Druckenmiller Dumps $2,500,000,000 Portfolio, Pours Millions Into New Asset: Report
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Billionaire Stanley Druckenmiller has sold over $2.5 billion in stocks, including all shares of Nvidia and most of Palantir. He is now investing in Teva Pharmaceutical, purchasing 1.4 million shares worth $30.3 million. Teva's stock has surged over 100% in 2024 due to successful opioid litigation settlements. His top holdings include Natera, Coupang, Coherent, Woodward, and Seagate Technology. Druckenmiller expressed concern about the Federal Reserve potentially cutting rates too soon in a recent interview.
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