Billionaire Stanley Druckenmiller Just Dumped Tesla and Piled Into a "Magnificent Seven" Stock That's Crushing the Stock Market This Year

Hedge funds recently filed their latest batch of 13F forms with the U.S. Securities and Exchange Commission, divulging what stocks they held at the end of the second quarter. Comparing those forms to the prior set allows investors to see what stocks hedge funds and billionaires have bought and sold in any given quarter.The market is always curious to see how the leading names in the investing world are allocating capital. Few billionaire investors elicit more interest than Stanley Druckenmiller. A protege of George Soros, Druckenmiller consistently generated some of the highest annual returns out there at Duquesne Capital, which he founded and ran for decades. Now, he operates the Duquesne Family Office, which manages his own billions.In the second quarter, Druckenmiller exited his position in Tesla (NASDAQ: TSLA) and piled into another "Magnificent Seven" stock that has crushed the broader stock market this year.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool