Duquesne Capital Management LLC Will Need To Unwind These 112 Positions



According to the most recently filed (2010-06-30) 13F-HR for Duquesne Capital Management LLC, the company owned a total of 112 13(f) securities that were valued at nearly $2.4 billion ($2,383,681,000 to be exact) as of 06/30/2010.

Earlier this week, Stanley Druckenmiller announced that he would be shuttering the fund after 30+ years in the hedge fund business.

Despite news of Druckenmillers departure leaking just this past week, it appears as though the hedge fund manager has been greasing the rails for his departure for a while. In Duquesnes 13F-HR report for Q1, the fund owned a total of 194 13(f) securities that were valued at nearly $4.5 billion. Maybe Druckenmiller turned bearish during Q2, but I suspect that he was instead offloading some of his positions in anticipation of his retirement announcement later in the year.

While Duquesne Capital Management will certainly be disposing of their holdings in a way that will minimize the effects on the markets, it is still interesting to see what were the funds largest positions as of June 30th.

Here were Duquesnes top 10 positions (both by market value and # of shares) as of June 30th, 2010:


AAPL | Apple Inc. | COM | 1,504,640 | $378,462,000

WFC | Wells Fargo & Co | COM | 12,300,000 | $314,880,000

MCD | McDonald's Corp | COM | 1,945,500 | $128,150,000

JPM | JP Morgan Chase & Co | COM | 3,000,000 | $109,830,000

CSCO | Cisco Systems, Inc. | COM | 4,305,000 | $91,740,000

EOG | EOG Resources Inc. | COM | 923,300 | $90,825,000

MYLNP | Mylan Inc. | PFD CONV | 76,742 | $80,918,000

AKAM | Akamai Technologies Inc. | COM | 1,600,000 | $64,912,000

n/a | Citigroup Inc | UNIT 99/99/9999 | 510,000 | $57,625,000

NFX | Newfield Exploration Co | COM | 1,139,700 | $55,686,000



NIHD | NII Holdings Inc. | NOTE 3.125% 6/15/1 | 49,100,000 | $46,338,000

WFC | Wells Fargo & Co | COM | 12,300,000 | $314,880,000

CSCO | Cisco Systems, Inc. | COM | 4,305,000 | $91,740,000

CPN | Calpine Corp | COM | 3,956,678 | $50,329,000

C | Citigroup Inc. | COM | 3,341,900 | $12,566,000

JPM | JP Morgan Chase & Co | COM | 3,000,000 | $109,830,000

KWK | Quicksilver Resources Inc. | COM | 2,686,400 | $29,550,000

CMS | CMS Energy Corp. | NOTE 5.5% 6/15/29 | 2,000,000 | $2,320,000

MCD | McDonald's Corp | COM | 1,945,500 | $128,150,000

PPL | PPL Corp | COM | 1,674,500 | $41,779,000