Druckenmiller’s Fund Exits Broadcom, Intel, and Micron Positions in Latest Quarterly Filing

Stanley Druckenmiller, the veteran investor whose three decades running Duquesne Capital produced a widely cited record of roughly 30% average annual returns without a down year, reshuffled his semiconductor exposure during the second quarter, according to his latest regulatory filing. The filing shows his family office divested its stakes in Broadcom, Intel, and Micron Technology.

The disclosures come via Form 13F, the quarterly report that investment managers overseeing more than $100 million in U.S.-listed securities must file with the Securities and Exchange Commission. Duquesne Family Office, which Druckenmiller runs after retiring from his original firm, reported roughly $5.2 billion in 13F securities. While the forms offer a window into large managers’ positions, they arrive with a lag and capture only U.S. equity holdings — meaning they may not reflect moves made since the quarter’s end.

A Notable Quarter for the Exited Names

The three chipmakers the fund reportedly sold have all drawn attention in recent trading. Broadcom shares changed hands at $361.99, up 0.71% from the prior close of $359.43, valuing the company at roughly $1.99 trillion. The company designs semiconductor devices and infrastructure software, operating through Semiconductor Solutions and Infrastructure Software segments.

Intel, organized around client computing, data center, and foundry businesses, traded at $95.80, a 4.72% gain from its previous close of $91.48, with a market capitalization near $423 billion. Micron, which sells memory and storage products across cloud, data center, mobile, and automotive end markets, moved to $1,016.59, up 6.58% from $953.84, putting its market cap at approximately $1.15 trillion.

Context on 13F Filings

Quarterly ownership filings are a popular — if imperfect — tool for tracking prominent investors. They disclose position sizes as of quarter-end but not the reasoning behind trades, hedging strategies, or subsequent adjustments. A sale in one quarter does not preclude re-entry in another, and some positions reflect index or risk-management considerations rather than directional views. Druckenmiller himself has publicly noted in the past that quarterly holdings should be read with caution.

The release does not identify which chip stock replaced the three exited positions, nor the sizes of the divested stakes.

What to watch

• Broadcom, Intel, and Micron upcoming quarterly earnings reports and guidance updates.
• Druckenmiller’s next 13F filing, expected roughly 45 days after quarter-end, which will reveal any follow-on adjustments.
• Broadening AI-infrastructure demand signals across networking, foundry, and memory markets.

Source: original release