Stanley Druckenmiller Invested Tens of Millions Into These Risky Stocks. Should You?
Druckenmiller continues to bet on politically sensitive businesses based in Argentina.
Overview
In the first quarter of 2026, Stanley Druckenmiller's Duquesne Family Office expanded its stake in YPF (NYSE: YPF), Argentina's state-controlled oil company, more than fivefold to 3,235,962 shares, and at the same time, it bought back into the Global X MSCI Argentina ETF (NYSEMKT: ARGT), an exchange-traded fund (ETF) holding the shares of the largest and most successful public Argentine companies. Then, just a few months later, he trimmed his holdings of both.
As of June 30, Duquesne reported that it held $142.7 million of YPF, $30 million of the fund, and, in a fresh bet on assets in the country, a new $3 million position in Grupo Financiero Galicia (NASDAQ: GGAL), an Argentine bank holding company; the fund also holds $8.6 million in another Argentine energy company. In total, Argentine shares held in the portfolio were worth $184.3 million, 3.5% of Duquesne's reported portfolio value. So what opportunity is Stanley Druckenmiller seeing in Argentina, and is it worth following him into these positions, given how risky stand-alone and frontier market stocks almost always are?
Stanley Druckenmiller. Image source: Getty Images.
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Originally published at www.fool.com.