Tesla Airlines and American Airlines stocks are one of the new, well-known purges by billionaire investor Stanley Druckenmiller.
A new U.S. Securities and Exchange Commission application for show Druckenmiller’s Duquesne Family Office in the second quarter dumped the entire shares of electric car makers Tesla (TSLA) and American Airlines Group (AAL) in the second-largest national market share.
In the second quarter, two biggest additions to the billionaire family office portfolio were semiconductor industry suppliers Integris (ENTG) and software giant Microsoft (MSFT).
Duquesne purchased the shares at Entegris worth $132.74 million, and Microsoft’s shares were valued at $99.95 million during that period.
Druckenmiller’s Family Office added three of the largest US banks to its second quarter portfolio by US total assets: Bank of America (BAC), Citigroup (C), and Goldman Sachs (GS). Duquesne currently holds $56.72 million worth of Citigroup stock, Goldman Sachs stock worth $29.73, and Bank of America stock worth $1672 million.
During the same period, Druckenmiller’s family office closed call options for Delta Air Lines (DAL) and United Airlines Holdings (UAL), the first and fourth largest US airlines, respectively, by domestic market share.
Duquesne’s liquidated Tesla shares were worth $4.88 million, while American Airlines’ shares were valued at $1.41 million. Delta’s call options were worth $414,000, while United’s options were worth $15,610,000.
As they dumped call options on Delta and United, Druckenmiller’s investment instruments increased their quarterly stocks, each of which was two quarterly. Duquesne’s Delta shares are currently valued at $39.03 million, while United’s shares are worth $30,003 million.
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