<p>亿万富翁投资者 <strong>Stanley Druckenmiller</strong> 在第一季度大幅减少了对主要科技和消费互联网公司的投资，因为 <strong>Duquesne Family Office</strong> 重新调整了对商品、拉丁美洲和医疗保健的投资。</p>
<h2>亚马逊和字母表的股份削减</h2>
<p>该公司将其在 <strong>Amazon.com, Inc.</strong> (NASDAQ: AMZN) 的直接持股削减了约 94%，同时完全退出了 <strong>Alphabet Inc.</strong> (NASDAQ: GOOGL) (NASDAQ: GOOG)，根据其最新的 13F 文件。</p>
<p>Duquesne 还出售了 <strong>DocuSign, Inc.</strong> (NASDAQ: DOCU)、<strong>Delta Air Lines, Inc.</strong> (NYSE: DAL)、<strong>DoorDash, Inc.</strong> (NASDAQ: DASH) 和 <strong>Goldman Sachs Group, Inc.</strong> (NYSE: GS) 的持股。</p>
<p>这些举动正值许多对冲基金继续争论在过去两年大幅上涨后，AI 驱动的巨头科技股是否还有上涨空间。</p>
<p><strong>另请阅读：</strong>
<strong>英伟达可能重返中国——但可能无法重新获得控制权</strong></p>
<h2>阿根廷和商品交易增长</h2>
<p>在削减对大型科技公司的投资时，Druckenmiller 积极扩大了几个宏观导向的头寸。</p>
<p>对冲基金将其在 <strong>YPF Sociedad Anonima</strong> (NYSE: YPF) 的持股增加了 433%，并在 <strong>Global X MSCI Argentina ETF</strong> (NYSE: ARGT) 中建立了新头寸。</p>
<p>Duquesne 还通过 <strong>iShares MSCI Brazil ETF</strong> (NYSE: EWZ) 维持了对巴西的可观投资，同时增加了与工业和商品需求相关的头寸，包括 <strong>Alcoa Corp</strong> (NYSE: AA)、<strong>Cleveland</strong> (NYSE: CLF) 和 <strong>Southern Copper Corp</strong> (NYSE: SCCO)。</p>
<p>该文件还显示了在 <strong>iShares GSCI Commodity</strong> (NYSE: GSG] 中的新投资，进一步强化了整个投资组合的商品主题。</p>
<h2>新增博通、英特尔和生物技术公司</h2>
<p>Druckenmiller 并没有完全放弃科技投资。</p>
<p>该文件显示了在 <strong>Broadcom Inc.</strong> (NASDAQ: AVGO)、<strong>Intel Corp</strong> (NASDAQ: INTC)、<strong>STMicroelectronics N.V.</strong> (NYSE: STM)、<strong>Micron Technology, Inc.</strong> (NASDAQ: MU) 和 <strong>Arm Holdings plc</strong> (NASDAQ: ARM) 的新半导体投资。</p>
<p>但与许多重仓 AI 超级巨头的对冲基金不同，Duquesne 的芯片投资似乎在基础设施、内存和工业半导体需求方面更加多样化。</p>
<p>该文件还显示了扩大医疗保健和生物技术投资，包括在 <strong>Caris Life Sciences, Inc.</strong> (NASDAQ: CAI) 和 <strong>Revolution Medicines, Inc.</strong> (NASDAQ: RVMD) 中的新头寸，以及在 <strong>ADMA Biologics Inc</strong> (NASDAQ: ADMA) 中超过 500% 的增持。</p>
<p>总体而言，Druckenmiller 最新的文件表明，华尔街最著名的宏观投资者之一可能正在寻找超越 AI 交易的市场下一个重大机会。</p>
<p><strong>另请阅读：</strong>
<strong>Coatue 将特斯拉头寸削减 96%，削减英伟达，同时购买 Lucid 和 Hertz</strong></p>
<p><em>照片来源：Shutterstock</em></p>

Global X MSCI阿根廷ETF

<p>亿万富翁投资者斯坦利·德鲁肯米勒在第一季度显著减少了对亚马逊和谷歌的持股，同时增加了对商品、阿根廷和生物技术的投资。他的公司将亚马逊的持股削减了 94%，并完全退出了谷歌，同时增加了对 YPF 和 Global X MSCI 阿根廷 ETF 的投资。德鲁肯米勒还扩大了对半导体和生物技术的持股，表明他正在向宏观导向的投资转变，超越了以人工智能驱动的科技股</p>

<p>Billionaire investor <strong>Stanley Druckenmiller</strong> sharply reduced exposure to major technology and consumer internet names during the first quarter as <strong>Duquesne Family Office</strong> repositioned toward commodities, Latin America and healthcare.</p>
<div class="lb-trans"><p>亿万富翁投资者 <strong>Stanley Druckenmiller</strong> 在第一季度大幅减少了对主要科技和消费互联网公司的投资，因为 <strong>Duquesne Family Office</strong> 重新调整了对商品、拉丁美洲和医疗保健的投资。</p>
</div><h2>Amazon And Alphabet Stakes Cut</h2>
<div class="lb-trans"><h2>亚马逊和字母表的股份削减</h2>
</div><p>The firm cut its direct position in <strong>Amazon.com, Inc.</strong> (NASDAQ: AMZN) by roughly 94% while completely exiting <strong>Alphabet Inc.</strong> (NASDAQ: GOOGL) (NASDAQ: GOOG), according to its latest 13F filing.</p>
<div class="lb-trans"><p>该公司将其在 <strong>Amazon.com, Inc.</strong> (NASDAQ: AMZN) 的直接持股削减了约 94%，同时完全退出了 <strong>Alphabet Inc.</strong> (NASDAQ: GOOGL) (NASDAQ: GOOG)，根据其最新的 13F 文件。</p>
</div><p>Duquesne also sold out of positions in <strong>DocuSign, Inc.</strong> (NASDAQ: DOCU), <strong>Delta Air Lines, Inc.</strong> (NYSE: DAL), <strong>DoorDash, Inc.</strong> (NASDAQ: DASH) and <strong>Goldman Sachs Group, Inc.</strong> (NYSE: GS).</p>
<div class="lb-trans"><p>Duquesne 还出售了 <strong>DocuSign, Inc.</strong> (NASDAQ: DOCU)、<strong>Delta Air Lines, Inc.</strong> (NYSE: DAL)、<strong>DoorDash, Inc.</strong> (NASDAQ: DASH) 和 <strong>Goldman Sachs Group, Inc.</strong> (NYSE: GS) 的持股。</p>
</div><p>The moves come as many hedge funds continue debating whether AI-driven mega-cap technology stocks still have room to run after massive gains over the past two years.</p>
<div class="lb-trans"><p>这些举动正值许多对冲基金继续争论在过去两年大幅上涨后，AI 驱动的巨头科技股是否还有上涨空间。</p>
</div><p><strong>Read Also:</strong>
<strong>Nvidia May Be Returning To China — But It May Not Regain Control</strong></p>
<div class="lb-trans"><p><strong>另请阅读：</strong>
<strong>英伟达可能重返中国——但可能无法重新获得控制权</strong></p>
</div><h2>Argentina And Commodity Trades Grow</h2>
<div class="lb-trans"><h2>阿根廷和商品交易增长</h2>
</div><p>While trimming big tech exposure, Druckenmiller aggressively expanded several macro-oriented positions.</p>
<div class="lb-trans"><p>在削减对大型科技公司的投资时，Druckenmiller 积极扩大了几个宏观导向的头寸。</p>
</div><p>The hedge fund boosted its stake in <strong>YPF Sociedad Anonima</strong> (NYSE: YPF) by 433% and initiated a new position in the <strong>Global X MSCI Argentina ETF</strong> (NYSE: ARGT).</p>
<div class="lb-trans"><p>对冲基金将其在 <strong>YPF Sociedad Anonima</strong> (NYSE: YPF) 的持股增加了 433%，并在 <strong>Global X MSCI Argentina ETF</strong> (NYSE: ARGT) 中建立了新头寸。</p>
</div><p>Duquesne also maintained sizable exposure to Brazil through the <strong>iShares MSCI Brazil ETF</strong> (NYSE: EWZ) while increasing positions tied to industrial and commodity demand, including <strong>Alcoa Corp</strong> (NYSE: AA), <strong>Cleveland</strong> (NYSE: CLF) and <strong>Southern Copper Corp</strong> (NYSE: SCCO).</p>
<div class="lb-trans"><p>Duquesne 还通过 <strong>iShares MSCI Brazil ETF</strong> (NYSE: EWZ) 维持了对巴西的可观投资，同时增加了与工业和商品需求相关的头寸，包括 <strong>Alcoa Corp</strong> (NYSE: AA)、<strong>Cleveland</strong> (NYSE: CLF) 和 <strong>Southern Copper Corp</strong> (NYSE: SCCO)。</p>
</div><p>The filing additionally showed a fresh stake in the <strong>iShares GSCI Commodity</strong> (NYSE: GSG), reinforcing the broader commodity theme across the portfolio.</p>
<div class="lb-trans"><p>该文件还显示了在 <strong>iShares GSCI Commodity</strong> (NYSE: GSG] 中的新投资，进一步强化了整个投资组合的商品主题。</p>
</div><h2>Broadcom, Intel And Biotech Names Added</h2>
<div class="lb-trans"><h2>新增博通、英特尔和生物技术公司</h2>
</div><p>Druckenmiller did not completely abandon technology.</p>
<div class="lb-trans"><p>Druckenmiller 并没有完全放弃科技投资。</p>
</div><p>The filing revealed new semiconductor positions in <strong>Broadcom Inc.</strong> (NASDAQ: AVGO), <strong>Intel Corp</strong> (NASDAQ: INTC), <strong>STMicroelectronics N.V.</strong> (NYSE: STM), <strong>Micron Technology, Inc.</strong> (NASDAQ: MU) and <strong>Arm Holdings plc</strong> (NASDAQ: ARM).</p>
<div class="lb-trans"><p>该文件显示了在 <strong>Broadcom Inc.</strong> (NASDAQ: AVGO)、<strong>Intel Corp</strong> (NASDAQ: INTC)、<strong>STMicroelectronics N.V.</strong> (NYSE: STM)、<strong>Micron Technology, Inc.</strong> (NASDAQ: MU) 和 <strong>Arm Holdings plc</strong> (NASDAQ: ARM) 的新半导体投资。</p>
</div><p>But unlike many hedge funds heavily concentrated in AI hyperscalers, Duquesne's chip exposure appeared more diversified across infrastructure, memory and industrial semiconductor demand.</p>
<div class="lb-trans"><p>但与许多重仓 AI 超级巨头的对冲基金不同，Duquesne 的芯片投资似乎在基础设施、内存和工业半导体需求方面更加多样化。</p>
</div><p>The filing also showed expanded healthcare and biotech bets, including new positions in <strong>Caris Life Sciences, Inc.</strong> (NASDAQ: CAI) and <strong>Revolution Medicines, Inc.</strong> (NASDAQ: RVMD), alongside a more than 500% increase in <strong>ADMA Biologics Inc</strong> (NASDAQ: ADMA).</p>
<div class="lb-trans"><p>该文件还显示了扩大医疗保健和生物技术投资，包括在 <strong>Caris Life Sciences, Inc.</strong> (NASDAQ: CAI) 和 <strong>Revolution Medicines, Inc.</strong> (NASDAQ: RVMD) 中的新头寸，以及在 <strong>ADMA Biologics Inc</strong> (NASDAQ: ADMA) 中超过 500% 的增持。</p>
</div><p>Overall, Druckenmiller's latest filing suggested one of Wall Street's most famous macro investors may be looking far beyond the AI trade for the market's next big opportunity.</p>
<div class="lb-trans"><p>总体而言，Druckenmiller 最新的文件表明，华尔街最著名的宏观投资者之一可能正在寻找超越 AI 交易的市场下一个重大机会。</p>
</div><p><strong>Read Also:</strong>
<strong>Coatue Cuts Tesla Position By 96%, Trims Nvidia While Buying Lucid And Hertz</strong></p>
<div class="lb-trans"><p><strong>另请阅读：</strong>
<strong>Coatue 将特斯拉头寸削减 96%，削减英伟达，同时购买 Lucid 和 Hertz</strong></p>
</div><p><em>Photo: Shutterstock</em></p>
<div class="lb-trans"><p><em>照片来源：Shutterstock</em></p>
</div>

Stanley Druckenmiller Dumps Amazon And Alphabet While Loading Up On Commodities, Argentina And Biotech

benzinga_article

亚马逊

谷歌-A

谷歌-C

Docusign

达美航空

Doordash

高盛

英伟达

阿根廷YPF

iShares MSCI巴西指数ETF

美国铝业

Cleveland Cliffs

南方铜业

大宗商品指数 ETF - iShares

博通

英特尔

意法半导体

美光科技

Caris Life Sciences

Revolution Medicines

ADMA生物制药

GS Hldg R

NVIDIA Corporation

REVOLUTION MEDICINES INC C/WTS 17/12/2026 (TO PUR COM)

斯坦利·德鲁肯米勒在抛售亚马逊和 Alphabet 的同时，加大了对商品、阿根廷和生物技术的投资