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 Druckenmiller’s 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 Duquesne’s 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 fund’s largest positions as of June 30th.
Here were Duquesne’s 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