In this piece, we will take a look at billionaire Stanley Druckenmiller’s top five small-cap stock picks. If you want to learn more about the investor’s blazing past in the financial world, then check out Billionaire Stan Druckenmiller’s Small-Cap Stock Picks.
5. IHS Holding Limited (NYSE:IHS)
Stanley Druckenmiller’s Q2 2023 Investment: $6 million
IHS Holding Limited (NYSE:IHS) is an African company that was set up in Nigeria in 2001. It builds, owns, and operates mobile telecommunications towers in several countries. Mr. Druckenmiller’s family office owned 770,310 shares of the firm in Q2 2023 for a $6 million investment.
During the same time period, 15 of the 910 hedge funds part of Insider Monkey’s database had held a stake in IHS Holding Limited (NYSE:IHS).
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Follow Ihs Holding Ltd
4. Opendoor Technologies Inc. (NASDAQ:OPEN)
Stanley Druckenmiller’s Q2 2023 Investment: $6.2 million
Opendoor Technologies Inc. (NASDAQ:OPEN) is a real estate firm that enables home owners to sell their properties to different kinds of customers. The REIT disappointed investors in August when its guidance for the third quarter was lower than what analysts were expecting.
Insider Monkey dug through 910 hedge funds for their second quarter of 2023 shareholdings and discovered that 25 had invested in the company. Out of these, Opendoor Technologies Inc. (NASDAQ:OPEN)’s biggest shareholder is Daniel Patrick Gibson’s Sylebra Capital Management through a stake worth $131 million.
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Follow Opendoor Technologies Inc.
3. Recursion Pharmaceuticals, Inc. (NASDAQ:RXRX)
Stanley Druckenmiller’s Q2 2023 Investment: $10.4 million
Recursion Pharmaceuticals, Inc. (NASDAQ:RXRX) is a biotechnology firm that develops drug discovery platforms and products. It scored a big win in August when the world’s leading artificial intelligence firm, NVIDIA Corporation, announced that it had entered into a partnership with Recursion Pharmaceuticals, Inc. (NASDAQ:RXRX) to train the latter’s AI models on NVIDIA’s products.
Stanley Druckenmiller’s Duquesne Family Office owned 1.3 million Recursion Pharmaceuticals, Inc. (NASDAQ:RXRX) shares that were worth $10.4 million as of June 2023. Along with the firm, 15 of the 910 hedge fund portfolios studied by Insider Monkey had also held a stake in the firm. Out of these, the largest investor is Mubadala Investment’s MIC Capital Partners since it owns 8.4 million shares that are worth $63 million.
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Follow Recursion Pharmaceuticals Inc.
2. Vornado Realty Trust (NYSE:VNO)
Stanley Druckenmiller’s Q2 2023 Investment: $10.8 million
Vornado Realty Trust (NYSE:VNO) is a New York City-based real estate investment trust that invests in office properties. Despite the fact that the firm beat Q2 analyst EPS estimates, the stock is rated as Hold on average.
After digging through 910 hedge funds for their second quarter of 2023 shareholdings, Insider Monkey discovered that 27 had invested in the company. Vornado Realty Trust (NYSE:VNO)’s biggest hedge fund shareholder is Robert Rodriguez and Steven Romick’s First Pacific Advisors LLC through a stake worth $35.2 million.
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Follow Vornado Realty Trust (NYSE:VNO)
1. Warby Parker Inc. (NYSE:WRBY)
Stanley Druckenmiller’s Q2 2023 Investment: $12.4 million
Warby Parker Inc. (NYSE:WRBY) sells eyesight glasses, sunglasses, and other eyewear products. While initially an online retailer, the firm is set to open its second retail outlet in Birmingham, Alabama, soon.
Mr. Druckenmiller’s family office had invested $12.4 million Warby Parker Inc. (NYSE:WRBY) during Q2 2023, joining the list of 26 hedge funds out of the 910 funds part of Insider Monkey’s database. The company’s largest investor among these is Daniel Sundheim’s D1 Capital Partners through a $174 million investment.
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Disclosure: None. You can also take a look at 12 Undervalued Blue Chip Stocks To Buy According to Wall Street Analysts and Stocks On the Rise: 13 Best To Buy Now.
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