Stanley Druckenmiller's family office dumped more than $100 million of Netflix stock and boosted cybersecurity investment by more than 400% in the 4th quarter
- Stanley Druckenmiller's family office dumped over $100 million of
Netflix stockin the fourth quarter. 13F filingsalso show the Duquesne Family Officeincreased its stake in cybersecurity company Palo Alto Networks by 457%.
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Druckenmiller's Duquesne Family Office reported a 13F filing that included $3,712,696,000 in managed 13F securities. The largest holding is Microsoft Corporation; the hedge fund holds 2,638,074 shares.
Duquesne sold all of its 278,372 shares of Netflix. The streaming giant made up 4.04% of the fund and the stake was valued at $139.1 million at the end of the third quarter.
The hedge fund also increased its bet on cybersecurity company Palo Alto Networks. . Druckenmiller's office increased its stake in Palo Alto Networks by 457%, adding shares estimated to be worth $335 million. Duquesne first started buying Palo Alto Networks in the third quarter of 2020.
The cybersecurity company is now Duquesne's sixth largest position, behind Microsoft, T-Mobile, Amazon, Starbucks, and mining company Freeport-McMoRan.Other notable moves from Duquesne include:
- Infosys had a great year but CEO Salil Parekh expects the next one to be more than twice as good
- Infosys will buy back shares at ₹1,750 — more than what some analysts had expected
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