Billionaire Stan Druckenmiller Is Betting On AI Infrastructure, Tobacco and Industrial Stocks

6. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 279

Duquesne Capital’s Stake: $178,999,000

Microsoft Corporation (NASDAQ:MSFT) is a Washington-based technology company. It is one of the longest holdings in the Duquesne Capital portfolio. Druckenmiller first disclosed a stake in the tech giant during the first quarter of 2014. Since then, barring minor exceptions in 2016 and 2022, it has been a regular feature in the 13F portfolio of his hedge fund. The present holding, comprising over 400,000 shares, represents more than 6.1% of the total 13F portfolio. Latest filings reveal that Druckenmiller has reduced his exposure to the stock by more than 64% compared to filings for the first quarter of 2024.

This activity is interesting given that most analysts on Wall Street are bullish on Microsoft Corporation (NASDAQ:MSFT) in light of the AI boom. For example, Evercore ISI analyst Kirk Materne has an Outperform rating on the shares with a price target of $500. In a recent investor note, the analyst noted that the tech giant had delivered solid fiscal Q4 results with strong commercial bookings, but shares were down slightly as Azure growth came in at the low end of expectations and Q1 Azure guidance was also a bit lower than expected.