<p>億萬富翁投資者 <strong>Stanley Druckenmiller</strong> 在第一季度大幅減少了對主要科技和消費互聯網公司的投資，因為 <strong>Duquesne Family Office</strong> 重新調整了對商品、拉丁美洲和醫療保健的投資。</p>
<h2>亞馬遜和字母表的股份削減</h2>
<p>該公司將其在 <strong>Amazon.com, Inc.</strong> (NASDAQ: AMZN) 的直接持股削減了約 94%，同時完全退出了 <strong>Alphabet Inc.</strong> (NASDAQ: GOOGL) (NASDAQ: GOOG)，根據其最新的 13F 文件。</p>
<p>Duquesne 還出售了 <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>這些舉動正值許多對沖基金繼續爭論在過去兩年大幅上漲後，AI 驅動的巨頭科技股是否還有上漲空間。</p>
<p><strong>另請閲讀：</strong>
<strong>英偉達可能重返中國——但可能無法重新獲得控制權</strong></p>
<h2>阿根廷和商品交易增長</h2>
<p>在削減對大型科技公司的投資時，Druckenmiller 積極擴大了幾個宏觀導向的頭寸。</p>
<p>對沖基金將其在 <strong>YPF Sociedad Anonima</strong> (NYSE: YPF) 的持股增加了 433%，並在 <strong>Global X MSCI Argentina ETF</strong> (NYSE: ARGT) 中建立了新頭寸。</p>
<p>Duquesne 還通過 <strong>iShares MSCI Brazil ETF</strong> (NYSE: EWZ) 維持了對巴西的可觀投資，同時增加了與工業和商品需求相關的頭寸，包括 <strong>Alcoa Corp</strong> (NYSE: AA)、<strong>Cleveland</strong> (NYSE: CLF) 和 <strong>Southern Copper Corp</strong> (NYSE: SCCO)。</p>
<p>該文件還顯示了在 <strong>iShares GSCI Commodity</strong> (NYSE: GSG] 中的新投資，進一步強化了整個投資組合的商品主題。</p>
<h2>新增博通、英特爾和生物技術公司</h2>
<p>Druckenmiller 並沒有完全放棄科技投資。</p>
<p>該文件顯示了在 <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) 的新半導體投資。</p>
<p>但與許多重倉 AI 超級巨頭的對沖基金不同，Duquesne 的芯片投資似乎在基礎設施、內存和工業半導體需求方面更加多樣化。</p>
<p>該文件還顯示了擴大醫療保健和生物技術投資，包括在 <strong>Caris Life Sciences, Inc.</strong> (NASDAQ: CAI) 和 <strong>Revolution Medicines, Inc.</strong> (NASDAQ: RVMD) 中的新頭寸，以及在 <strong>ADMA Biologics Inc</strong> (NASDAQ: ADMA) 中超過 500% 的增持。</p>
<p>總體而言，Druckenmiller 最新的文件表明，華爾街最著名的宏觀投資者之一可能正在尋找超越 AI 交易的市場下一個重大機會。</p>
<p><strong>另請閲讀：</strong>
<strong>Coatue 將特斯拉頭寸削減 96%，削減英偉達，同時購買 Lucid 和 Hertz</strong></p>
<p><em>照片來源：Shutterstock</em></p>

Global X MSCI阿根廷ETF

<p>億萬富翁投資者斯坦利·德魯肯米勒在第一季度顯著減少了對亞馬遜和谷歌的持股，同時增加了對商品、阿根廷和生物技術的投資。他的公司將亞馬遜的持股削減了 94%，並完全退出了谷歌，同時增加了對 YPF 和 Global X MSCI 阿根廷 ETF 的投資。德魯肯米勒還擴大了對半導體和生物技術的持股，表明他正在向宏觀導向的投資轉變，超越了以人工智能驅動的科技股</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>億萬富翁投資者 <strong>Stanley Druckenmiller</strong> 在第一季度大幅減少了對主要科技和消費互聯網公司的投資，因為 <strong>Duquesne Family Office</strong> 重新調整了對商品、拉丁美洲和醫療保健的投資。</p>
</div><h2>Amazon And Alphabet Stakes Cut</h2>
<div class="lb-trans"><h2>亞馬遜和字母表的股份削減</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>該公司將其在 <strong>Amazon.com, Inc.</strong> (NASDAQ: AMZN) 的直接持股削減了約 94%，同時完全退出了 <strong>Alphabet Inc.</strong> (NASDAQ: GOOGL) (NASDAQ: GOOG)，根據其最新的 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 還出售了 <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>這些舉動正值許多對沖基金繼續爭論在過去兩年大幅上漲後，AI 驅動的巨頭科技股是否還有上漲空間。</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>另請閲讀：</strong>
<strong>英偉達可能重返中國——但可能無法重新獲得控制權</strong></p>
</div><h2>Argentina And Commodity Trades Grow</h2>
<div class="lb-trans"><h2>阿根廷和商品交易增長</h2>
</div><p>While trimming big tech exposure, Druckenmiller aggressively expanded several macro-oriented positions.</p>
<div class="lb-trans"><p>在削減對大型科技公司的投資時，Druckenmiller 積極擴大了幾個宏觀導向的頭寸。</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>對沖基金將其在 <strong>YPF Sociedad Anonima</strong> (NYSE: YPF) 的持股增加了 433%，並在 <strong>Global X MSCI Argentina ETF</strong> (NYSE: ARGT) 中建立了新頭寸。</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 還通過 <strong>iShares MSCI Brazil ETF</strong> (NYSE: EWZ) 維持了對巴西的可觀投資，同時增加了與工業和商品需求相關的頭寸，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>該文件還顯示了在 <strong>iShares GSCI Commodity</strong> (NYSE: GSG] 中的新投資，進一步強化了整個投資組合的商品主題。</p>
</div><h2>Broadcom, Intel And Biotech Names Added</h2>
<div class="lb-trans"><h2>新增博通、英特爾和生物技術公司</h2>
</div><p>Druckenmiller did not completely abandon technology.</p>
<div class="lb-trans"><p>Druckenmiller 並沒有完全放棄科技投資。</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>該文件顯示了在 <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) 的新半導體投資。</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>但與許多重倉 AI 超級巨頭的對沖基金不同，Duquesne 的芯片投資似乎在基礎設施、內存和工業半導體需求方面更加多樣化。</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>該文件還顯示了擴大醫療保健和生物技術投資，包括在 <strong>Caris Life Sciences, Inc.</strong> (NASDAQ: CAI) 和 <strong>Revolution Medicines, Inc.</strong> (NASDAQ: RVMD) 中的新頭寸，以及在 <strong>ADMA Biologics Inc</strong> (NASDAQ: ADMA) 中超過 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>總體而言，Druckenmiller 最新的文件表明，華爾街最著名的宏觀投資者之一可能正在尋找超越 AI 交易的市場下一個重大機會。</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>另請閲讀：</strong>
<strong>Coatue 將特斯拉頭寸削減 96%，削減英偉達，同時購買 Lucid 和 Hertz</strong></p>
</div><p><em>Photo: Shutterstock</em></p>
<div class="lb-trans"><p><em>照片來源：Shutterstock</em></p>
</div>

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

benzinga_article

亞馬遜

谷歌-A

谷歌-C

Docusign

達美航空

Doordash

高盛

英偉達

阿根廷YPF

iShares MSCI巴西指數ETF

美國鋁業

Cleveland Cliffs

南方銅業

大宗商品指數 ETF - iShares

博通

英特爾

意法半導體

美光科技

Caris Life Sciences

Revolution Medicines

ADMA生物制藥

GS Hldg R

NVIDIA Corporation

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

斯坦利·德魯肯米勒在拋售亞馬遜和 Alphabet 的同時，加大了對商品、阿根廷和生物技術的投資