Wisdom From Billionaire Druckenmiller and His Top Tech Picks

Broadcom Ltd (NASDAQ:AVGO) was another new addition to Duquesne Family Office’s equity portfolio, as Stanley Druckenmiller acquired 201,900 shares valued at $34.8 million. Stephen Mandel’s Lone Pine Capital also initiated a new position and held 2.6 million shares worth $449 million at the end of the third quarter. Shares of Broadcom Ltd (NASDAQ:AVGO) has returned more than 22% over the last six months, outperforming NASDAQ which has gained 16%. In the third quarter, the semiconductor solutions provider’s revenue surged by 125% on the year to $4.13 billion. The stock has a dividend yield of 2.24% and a rating of buy from most analysts covering it. While the number of funds from our database bullish on Broadcom Ltd (NASDAQ:AVGO) increased by two to 76, the total value of their holdings declined to $8.26 billion from $8.33 billion during the third quarter.

During the third quarter, Duquesne initiated a stake in Activision Blizzard, Inc. (NASDAQ:ATVI), holding 748,700 shares worth $33 million at the end of September. Activision Blizzard, Inc. (NASDAQ:ATVI) was also a new position in the equity portfolio of Discovery Capital Management, which bought more than 2.94 million shares valued at $130 million during the third quarter. For its last quarter, the company posted revenue of $1.63 billion which beat analyst estimates of $1.57 billion. Activision Blizzard, Inc. (NASDAQ:ATVI)’s stock has a dividend yield of 0.71%  and is trading at a P/E ratio of 31. At the end of the third quarter, 64 funds from our database held shares of Activision Blizzard, Inc. (NASDAQ:ATVI) worth $4.24 billion in aggregate, versus 68 funds holding $4.1 billion worth of stock at the end of June quarter.

Amazon.com, Inc. (NASDAQ:AMZN) was represented in Druckenmiller’s portfolio by a stake containing 35,800 shares worth $29.9 million. Amazon.com, Inc. (NASDAQ:AMZN) has been a hot favorite amongst hedge funds so far this year. Other funds reporting a significant stake in the stock as of the end of the third quarter included Viking Global, Fisher Asset Management, Tiger Global Management and Lone Pine Capital. The world’s leading online retailer also has strong presence in the cloud computing segment. Amazon.com, Inc. (NASDAQ:AMZN) shares have outperformed NASDAQ by returning more than 14% over the last year and should do well following the holiday season. The e-commerce giant saw 150 funds tracked by us holding $20.79 billion worth of stock at the end of the third quarter, making it the most popular stock at the end of September.

Stanley Druckenmiller reduced its stake in Facebook Inc (NASDAQ:FB) by 79% to 187,894 shares worth $24 million during the third quarter. Andreas Halvorsen’s Viking Global also held 18.74 million shares of Facebook Inc (NASDAQ:FB) worth $2.4 billion at the end of September. Shares of this social media giant have successfully outperformed NASDAQ by returning 11.6% over the last year. Facebook Inc (NASDAQ:FB) was the second most popular stock among investors in our database. At the end of the third quarter, 149 funds held shares worth $16.27 billion in aggregate, amassing 4.7% of the company’s float.

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