Billionaire investor Stanley Druckenmiller has built up sizable positions in regional banks and made a health care company his largest position last quarter — since being elected two weeks ago Both bets have been rising since President Donald Trump was elected. George Soros, the former lead portfolio manager at Quantum Funds who now runs his own Duquesne Family Office, bought $115 million worth of the SPDR S&P Regional Banking ETF (KRE) in the third quarter ) stock, making it the company’s seventh stock. Meanwhile, Druckenmiller sharply increased his bet on clinical genetic testing company Natera to $453 million, making it the top spot in his portfolio at the end of September, two of the $214 million in Natera’s portfolio in the second quarter. twice as much. Banks and health care companies are seen as beneficiaries of Trump’s presidency due to potential deregulation. This month alone, the region’s banking exchange-traded funds are up 12%, while Natera gained nearly 26% in November. On the eve of the presidential election, Druckenmiller said that the market believed Trump would win, and that if the Republican Party really won the White House, it would probably win a big victory. Republicans ultimately gained majority control of the Senate and maintained control of the House of Representatives. KRE YTD mountain SPDR S&P Regional Banking ETF The widely followed investor has recently been praised for its big win on major artificial intelligence company Nvidia. He first acquired the chipmaker in 2022 as he became increasingly bullish on the nascent industry and compared artificial intelligence to the power of the Internet. However, he pulled out of the winning bet this year, later admitting it was a “big mistake” as Huang’s company continued to rise. In the third quarter, Duquesne University made a small bet on Broadcom worth $41 million as another move toward artificial intelligence. Druckenmiller shot to fame in 1992 after taking part in a $10 billion bet against the pound. own company.
