Billionaire investor Stanley Druckenmiller loaded up on bank and housing stocks during this year’s second quarter as markets around the world were rocked by tariff news.
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The latest 13F regulatory filing made by Druckenmiller with the U.S. Securities and Exchange Commission (SEC) shows that the widely followed investor opened new positions in bank stocks such as Goldman Sachs (GS), Bank of America (BAC), and Citigroup (C) between April 1 and June 30 of this year.
The new banking positions were opened as part of the Duquesne Family Office, a $4 billion personal fund that Druckenmiller runs out of his home base in New York City. In addition to the bank stocks, Druckenmiller also took a shine to housing stocks during Q2 of this year, opening new positions in D.R. Horton (DHI), Lennar (LEN), and Builders FirstSource (BLDR).
Druckenmiller isn’t the only famed investor to bet on housing stocks. Warren Buffett also shifted capital into housing stocks during Q2.
Other Moves
In addition to the banks and homebuilders, Druckenmiller opened new positions in Microsoft (MSFT), Warner Bros. Discovery (WBD), and Canada’s Restaurant Brands International (QSR), the parent company of Burger King, during the second quarter. Druckenmiller also doubled down on airline stocks as they plunged, increasing his stake in Delta Air Lines (DAL) by 130%.
Druckenmiller is famous for never having a down year in the stock market. He worked for George Soros during the 1990s and helped to execute the trade that famously broke the Bank of England, earning $1 billion in a day betting against the British currency. Druckenmiller’s three biggest positions at the end of June were in healthcare stocks Natera (NTRA), Teva Pharmaceuticals (TEVA), and Insmed (INSM).
Is DHI Stock a Buy?
Along with Warren Buffett, Stanley Druckenmiller took a sizable stake in the stock of D.R. Horton during Q2 of this year. The housing stock has a consensus Hold rating among 16 Wall Street analysts. That rating is based on six Buy, eight Hold, and two Sell recommendations issued in the last three months. The average DHI price target of $155.43 implies 6.08% downside from current levels.
Read more analyst ratings on DHI stock