Stanley Druckenmiller Is Buying Beaten-Down Stocks in Mexico and Argentina, a Contrarian Bet Other Investors May Want to Watch
Druckenmiller's investments aren't necessarily intended to be for the long term.
Overview
Stanley Druckenmiller has been active south of the U.S. border lately.
The billionaire investment manager's Duquesne Family Office bought $128 million of YPF SA (NYSE: YPF), Argentina's state-controlled oil producer, in the first quarter, pairing it with a purchase of BBB Foods (NYSE: TBBB), a Mexican discount grocer, and a new stake in the Global X MSCI Argentina ETF (NYSEMKT: ARGT), an exchange-traded fund (ETF) holding a basket of Argentine equities.
Details
While all three of those names are up substantially over the past 12 months, Argentine equities suffered a sharp sell-off in September 2025 after President Javier Milei's party lost a key provincial vote, and the benchmark Merval index dipped again in early 2026, just before Druckenmiller loaded up.
Source
Originally published at www.fool.com.