Druckenmiller dumps Micron, Intel, buys Amazon in Q2 2026

Druckenmiller dumps Micron, Intel, buys Amazon in Q2 2026

Mon, August 17, 2026 at 8:20 PM GMT+3 2 min read

Stanley Druckenmiller's Duquesne Family Office filed a 13F on Friday disclosing that it liquidated its entire positions in Broadcom, Intel, and Micron Technology during the second quarter while increasing its stake in Amazon by more than 1,000%.

According to the filing, Duquesne raised its Amazon.com position to 541,600 shares while also more than doubling the call options it held on the e-commerce giant. Duquesne also built a new 336,300-share stake in Alphabet Class A and a 72,900-share stake in Advanced Micro Devices, alongside a modest increase to its existing Taiwan Semiconductor Manufacturing position.

The semiconductor exits were notable in scale. The disposals totaled 23,400 Micron shares and 411,400 Intel shares, according to Yahoo Finance. The firm had held both stocks as artificial intelligence demand drove their prices higher — Intel climbed from the mid-$40 range to a peak of $141, while Micron's share price surged more than threefold over the course of the second quarter.

Druckenmiller offered a measured view on the technology in a May 2024 CNBC appearance, remarking that "AI might be a little overhyped now, but underhyped long term."

Beyond semiconductors and mega-cap technology, Duquesne made significant moves into commercial aviation and data-center infrastructure. Delta Air Lines drew a fresh 603,000-share commitment from Duquesne, and United Airlines Holdings saw its position expand to around 795,000 shares — close to three times its prior level — according to Investing.com. For data-center exposure, Duquesne bought into Bitdeer Technologies Group at a scale exceeding 4 million shares and took a new 754,800-share stake in Riot Platforms, according to Benzinga.

Duquesne also established a roughly 2.8 million-share position in Fox Corp across two share classes, while adding call options on Meta Platforms and Tesla. On the exit side, the firm completely liquidated its holdings in Cloudflare and MercadoLibre, and cut its positions in Alcoa and Arm Holdings by more than 70% each.

Institutional money managers with more than $100 million in U.S. equities must submit a 13F form no later than 45 days after each quarter's close, listing their positions in domestically traded stocks, as other major funds have also disclosed this week.