Billionaire Stanley Druckenmiller Dumped Google Parent Alphabet in Favor of the Hottest Stock in the Benchmark S&P 500
Duquesne Family Office's billionaire boss piled into an S&P 500 stock that's soared 3,200% over the trailing year.
Overview
Though we're entering the heart of earnings season, don't overlook how valuable the filing of Form 13Fs can be for investors. These quarterly filings allow investors to track which stocks Wall Street's smartest and most successful money managers have been buying and selling.
Few, if any, billionaire investors have proven more successful over multiple decades than Duquesne Family Office's Stanley Druckenmiller. Known for his relatively active trading style and his love for innovative tech stocks, Druckenmiller dumped shares of Google parent Alphabet (NASDAQ: GOOGL)(NASDAQ: GOOG) in the first quarter, and piled into the hottest member of the S&P 500 (SNPINDEX: ^GSPC): memory titan Sandisk (NASDAQ: SNDK).
Duquesne Family Office's Stanley Druckenmiller is one of Wall Street's most-followed money managers. Image source: Getty Images.
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Originally published at www.fool.com.