Billionaire Stanley Druckenmiller Dumped 94% of His Fund's Amazon Stake and Piled Into a Scorching-Hot Chip Stock for the First Time in 8 Years

Although net play is the pinnacle for astir investors each quarter, don't place the worth of Form 13F filings with regulators. A 13F details which stocks Wall Street's savviest wealth managers bought and sold successful the latest quarter. This includes Duquesne Family Office's seasoned billionaire investor, Stanley Druckenmiller.

Duquesne's 13F shows that Druckenmiller sent shares of e-commerce goliath Amazon (NASDAQ: AMZN) to the chopping block, portion astatine the aforesaid clip piling into 1 of Wall Street's red-hot spot stocks, Intel (NASDAQ: INTC).

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Amazon astir got the heave-ho

In each of the last 2 quarters of 2025, Duquesne's billionaire brag was a purchaser of Amazon stock. He opened a presumption by purchasing 437,070 shares during the September-ended quarter, and tacked connected an further 300,870 shares successful the 4th quarter. When 2025 came to a close, Amazon was Duquesne's seventh-largest presumption by marketplace value.

But that's past history. Druckenmiller sold 692,140 shares of Amazon successful the March-ended quarter, efficaciously slashing his fund's involvement by 94%.

Druckenmiller is an progressive investor, meaning thing arsenic elemental arsenic halt losses whitethorn person travel into play successful the archetypal quarter. The Iran war-driven swoon connected Wall Street dragged Amazon shares from a scope of $225 to $240 during the last six months of 2025 to astir $200 successful the archetypal quarter. The mean clip held for a top-10 holding successful Duquesne's concern portfolio is conscionable 5 months.

However, short-term terms question whitethorn not archer the afloat story.

In a May 2024 CNBC interview, Druckenmiller opined that artificial quality (AI) "might beryllium a small overhyped now, but underhyped agelong term." The world's No. 1 unreality infrastructure services platform, Amazon Web Services, has seen its high-margin income accelerate pursuing the integration of AI solutions. Yet, Amazon shares aren't inexpensive by accepted cardinal metrics, specified arsenic the price-to-earnings ratio. Valuation whitethorn person been the impetus that encouraged Druckenmiller to amusement astir of his fund's Amazon involvement to the door.

Stanley Druckenmiller piled into Intel up of its historical run-up

At the different extremity of the spectrum, Duquesne's billionaire capitalist scooped up 411,400 shares of cardinal processing portion (CPU) kingpin Intel up of its jaw-dropping second-quarter run-up. If Druckenmiller inactive holds these shares, he's up good implicit 100%! It's the archetypal clip he's held shares of Intel since the archetypal 4th of 2018.