Stanley Druckenmiller is a great billionaire investor. He along with one of his colleagues George Soros have been working together for many years and have developed a record of earning gains through changing macroeconomic trends. Both of them have made a bet in 1992 against the price of the British pound and this was a huge profit game for them. Druckenmiller closed his business in 2010 and started operating his family office, his market analysis, and stock picks are of great importance. In 2015, one of the influential hedge fund, David Einhorn who was shorting Amazon, at that time Druckenmiller gave a positive statement about Amazon. During the same time period, he showed bullish behavior towards the shares of IBM which proved to be his right decision. Because of all these aspects, we have paid attention to the stock picks from Stan Druckenmiller’s portfolio. These best stock picks of Stan Druckenmiller are shared on the basis of a post by Insider Monkey
One of the companies in the stock picks of Druckenmiller is JD.com which is an e-commerce company based in China. The overall value of this stock in the entire stock portfolio of the Druckenmiller is around 3.43%. This billionaire investor is in search of generating high-level returns from this high performing stock as the focus of customers have been shifted towards online purchasing. In fact, he has recently added to the stake to his existing JD position during the last quarter. Around 1.5 million shares have been owned by this family business and the total worth of these shares is $118 million. The value of the shares of this Chinese e-commerce firm has increased by 135% during the last 12 months which benefited Druckenmiller to a great extent.
Another best stock in the portfolio of Druckenmiller is Starbucks Corporation, which is a coffeehouse chain. The family office of Druckenmiller has maximized its stake in Starbucks Corporation by 61% during the Q3 of 2020. At present, 1.4 million shares of the company are owned by Druckenmiller and the total value of these shares is $125 million which accounts for 3.65% of the entire value of the portfolio. Because of the condition of lockdowns and social distancing order, the underperformance of the shares of Starbucks has been observed. However, this underperformance has been considered as a long-term buying opportunity by Druckenmiller. There is a sharp improvement in Starbucks’ future fundamentals because of the formation of a vaccine for coronavirus. The shares of Starbucks are also in demand as the company is following the strategy of providing dividends to all of its investors. Currently, the dividend yield reaches 1.70%. For getting information about other stock picks, please move to 10 Best Stocks To Buy For 2021 According to Billionaire Stan Druckenmiller.