In this article, we discuss the 5 stocks Stanley Druckenmiller is selling. If you want to read our detailed analysis of these stocks, go directly to the 10 Stocks Stanley Druckenmiller is Selling.
5. NextEra Energy, Inc. (NYSE: NEE)
Number of Hedge Fund Holders: 63
NextEra Energy, Inc. (NYSE: NEE) is ranked fifth on our list of 10 stocks Stanley Druckenmiller is selling. The company’s shares have returned 17% to investors in the past year. The firm is based in Florida and makes and sells electric power. At the end of the first quarter of 2021, Druckenmiller had sold off the entire Duquesne Capital stake in the firm.
NextEra Energy, Inc. (NYSE: NEE) is a good option for investors who want steady income on the side. On May 20, the company declared a quarterly dividend of $0.3865 per share, in line with previous. The forward yield was 2.07%.
Out of the hedge funds being tracked by Insider Monkey, Washington-based investment firm Fisher Asset Management is a leading shareholder in the firm with 13.6 million shares worth more than $1 billion.
4. General Electric Company (NYSE: GE)
Number of Hedge Fund Holders: 68
General Electric Company (NYSE: GE) is a Boston-based high-tech industry company. It is placed fourth on our list of 10 stocks Stanley Druckenmiller is selling. The stock has returned 96% to investors in the past twelve months. Duquesne Capital does not own any shares in the company, according to the latest filings.
On July 1, investment advisory Citi maintained a Buy rating on General Electric Company (NYSE: GE) stock with a price target of $17, noting that the firm was well on its way to turning fortunes around with a long-term business plan for growth.
At the end of the first quarter of 2021, 68 hedge funds in the database of Insider Monkey held stakes worth $6.1 billion in General Electric Company (NYSE: GE), down from 69 in the previous quarter worth $5.6 billion.
In its Q1 2021 investor letter, Vulcan Value Partners, an asset management firm, highlighted a few stocks and General Electric Company (NYSE: GE) was one of them. Here is what the fund said:
“General Electric is outperforming our expectations for 2021 as the economic recovery is occurring faster than expected. We are particularly pleased with its free cash flow generation. We are happy to own it in our portfolio.”
3. Workday, Inc. (NASDAQ: WDAY)
Number of Hedge Fund Holders: 69
Workday, Inc. (NASDAQ: WDAY) is a software company that provides enterprise-level cloud solutions. It is ranked third on our list of 10 stocks Stanley Druckenmiller is selling. The company’s shares have returned 29% to investors in the past year. Druckenmiller has sold off his entire stake in the firm during the first three months of the year.
Workday, Inc. (NASDAQ: WDAY) posted quarterly earnings on May 26, reporting earnings per share of $0.87 for the first three months of 2021, beating market predictions by $0.14. The revenue over the period was more than $1.1 billion, up 15% year-on-year.
At the end of the first quarter of 2021, 69 hedge funds in the database of Insider Monkey held stakes worth $5.1 billion in Workday, Inc. (NASDAQ: WDAY), down from 80 in the previous quarter worth $4.4 billion.
In its Q1 2021 investor letter, ClearBridge Investments, an asset management firm, highlighted a few stocks and Workday, Inc. (NASDAQ: WDAY) was one of them. Here is what the fund said:
“In addition to the new issue market, we have been tactically adding growth exposure. We took advantage of the selloff in disruptors that comprise a large portion of the portfolio to initiate a position in enterprise software maker Workday.”
2. CrowdStrike Holdings, Inc. (NASDAQ: CRWD)
Number of Hedge Fund Holders: 77
CrowdStrike Holdings, Inc. (NASDAQ: CRWD) stock has offered investors returns exceeding 148% over the course of the past year. It is a cybersecurity firm based in California. It is placed second on our list of 10 stocks Stanley Druckenmiller is selling. Duquesne Capital holds no shares in the firm, regulatory documents reveal.
On June 22, investment advisory Stifel upgraded CrowdStrike Holdings, Inc. (NASDAQ: CRWD) stock to Buy from Hold and issued a revised price target of $300 from $240, noting that the firm still had significant runway for customer growth through to 2022.
Out of the hedge funds being tracked by Insider Monkey, New York-based investment firm Tiger Global Management LLC is a leading shareholder in CrowdStrike Holdings, Inc. (NASDAQ: CRWD) with 7.5 million shares worth more than $1.3 billion.
In its Q1 2021 investor letter, Carillon Tower Advisers, an asset management firm, highlighted a few stocks and CrowdStrike Holdings, Inc. (NASDAQ: CRWD) was one of them. Here is what the fund said:
“CrowdStrike provides cloud-based software used in the security of computers, servers, and mobile phones. The stock pulled back a bit during the quarter as investor sentiment shifted away from stocks with higher valuation multiples. We remain shareholders, as the protection of enterprise assets and cloud workloads from various forms of cyberattacks remains more important than ever for many enterprises, and we believe this will continue to result in a strong demand environment for CrowdStrike’s innovative products and services.”
1. The Walt Disney Company (NYSE: DIS)
Number of Hedge Fund Holders: 134
The Walt Disney Company (NYSE: DIS) is ranked first on our list of 10 stocks Stanley Druckenmiller is selling. The company’s shares have offered investors returns exceeding 52% over the course of the past twelve months. The firm operates as a mass media and entertainment firm. Druckenmiller has sold off the entire Duquesne stake in the firm over the past few months.
On July 2, news publication The Information reported that The Walt Disney Company (NYSE: DIS) owned digital streaming platform, Disney+, had registered a sharp fall in growth of users in the United States during the first half of 2021.
At the end of the first quarter of 2021, 134 hedge funds in the database of Insider Monkey held stakes worth $12.5 billion in The Walt Disney Company (NYSE: DIS), down from 144 in the preceding quarter worth $16.4 billion.
In its Q4 2020 investor letter, Harding Loevner, an asset management firm, highlighted a few stocks and The Walt Disney Company (NYSE: DIS) was one of them. Here is what the fund said:
“One of the original constituents of the Nifty Fifty holds a place in our portfolio today. When we bought Disney three years ago, we wrote that “we view Disney theme parks in the US, Europe, and China as resistant to online substitution.” We did not reckon on a pandemic, which closed all of them, and sent all of usto our couches. Disney, however, was ready for us, brilliantly illustrating the importance of management foresight and change management. Or, as Louis Pasteur said, “chance favors the prepared mind.
A century after its founding in 1923, Disney is in the middle of a bold shift from its legacy media networks & entertainment model—with cable TV, theme parks, and theater films dominating its earnings—to a direct-to-consumer streaming media model. The keys to Disney’s transition: matchless storytelling, coupled with financial strength. The company reliably creates content that people all over the world are eager to consume. It also hastened spending on original content to attract subscribers to its new streaming platform. These factors have allowed Disney to weather the pandemic having expanded its direct engagement with customers. Such connections yield a rich harvest of insights used to customize offerings on a mass scale, reinforcing that engagement in a virtuous circle and thereby raising the lifetime value of each customer. Subscribers to Disney+ reached 86.8 million one year after launch, compared to the 60 – 90 million management projected to reach in 2024. To be sure, Netflix, Apple, and Amazon remain formidable competitors in new-era streaming entertainment (mind what we said about everyone standing up at once), but there’s fight left in this old dog.”
You can also take a peek at 10 Best Stocks To Buy For 2021 According to Billionaire Stan Druckenmiller and 10 Best Dividend Stocks to Buy According to Billionaire Stan Druckenmiller.
