Stanley Druckenmiller is a renowned American billionaire investor and former hedge fund manager. Here are some key details about his career and achievements:
Career Highlights
- Founded Duquesne Capital Management in 1981 and served as its chairman and president until closing the fund in 2010
- Managed money for George Soros as the lead portfolio manager for Quantum Fund from 1988 to 2000
- He is known for his exceptional track record, averaging 31% annual returns over a 30-year period without a single down year.
Here is a rough snapshot of his stock portfolio performance:
Stanley is somewhat of a short-term trader. His average holding period is about three quarters.
His success rate is about 68%, and for his bigger holdings, $238 million plus, his success rate is in the 80s.
Last quarter, Stanley added 19 new stocks to his portfolio. We will cover the top 5 over the next few weeks.
Today we will start with $MAA.
$MAA Mid-America Apartment Communities is a real estate investment trust with interest ownership in 103,614 apartments, primarily in the Southeast, Southwest, and Mid-Atlantic regions of the United States.
Stanley initiated a position in $MAA of 644,190 thousand shares, 3.26% of his portfolio, at an estimated price of $133.69.
$MAA might be a play on interest rates peaking. The stock peaked right before the rise in interest rates, and it has started to stabilize as the chatter of cutting rates intensifies.
$MAA’s trailing 12-month dividend is 5.81 (3.80%).
Technically, the stock was in a downtrend after hitting a high of $223.82 in December 2021, when the Federal Reserve hinted that they would raise rates. The first rate hike happened in March 2022.
Currently, the stock is in stage 2, the accumulation phase.
Based on Stanley’s track record, we can assume he will hold $MAA for at least three quarters and likely add to his position.
You probably have the wind in your back.
You want to ride his coattail on this stock while protecting yourself with a stop order that limits your risk.
