5 Stocks Billionaire Stan Druckenmiller Just Bought and Sold

3. Eli Lilly and Company (NYSE:LLY)

Duquesne’s Q3 2023 Investment: $243 million

Bought Or Sold: Sold

Percentage Increase or (-)Decrease: -16%

Eli Lilly and Company (NYSE:LLY) is an American pharmaceutical giant. Its weight loss drug is one of the hottest products in the world right now, and Eli Lilly and Company (NYSE:LLY) is planning to build a new manufacturing facility in Germany to cater to the high demand.

By the end of this year’s second quarter, 87 out of the 910 hedge funds part of Insider Monkey’s database had bought Eli Lilly and Company (NYSE:LLY)’s shares. Ken Fisher’s Fisher Asset Management owned the largest stake among these, which was worth $2.3 billion.

Follow Eli Lilly & Co (NYSE:LLY)