Legendary trader Stanley Druckenmiller is changing the rhythm of his portfolio to a samba beat.
Known for his ability to spot inflection points before the herd, Druckenmiller’s Duquesne Family Office’s latest 13F filing reveals a new rotation: the Brazil trade is in and most Silicon Valley darlings are out.
The EWZ is moving. See the chart and price action here. The Brazil Rotation
Typical of his aggressive style, the billionaire did not stop with shares — he also loaded up on EWZ call options. This leverage suggests he’s hunting for a violent move to the upside.
The timing appears impeccable: as of mid-February, the EWZ has already surged roughly 20% year-to-date.
Trimming the AI Hype
To fund the South American expansion, Druckenmiller aggressively trimmed his exposure to big tech and the AI sector.
Despite closing the above tech positions, Druckenmiller bought 282,800 shares of Alphabet, Inc. (NASDAQ:GOOGL), increasing his stake by 277% in the fourth quarter,
Diversifying the Macro Bet: RSP and XLF
Druckenmiller is also betting on a broader catch-up trade within the U.S. economy through two specific ETFs:
The “Druck” Verdict
Duquesne moved away from the “growth at any price” narrative in the fourth quarter and moved toward a value-driven, commodity-heavy and geographically diverse stance.
Druckenmiller is signaling that the AI music hasn’t stopped, but it’s time to learn the samba.
Photo: Shutterstock
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