Billionaire investor Stanley Druckenmiller revealed a big bullish position in small-cap stocks last quarter, according to a new regulatory filing. The notable investor, who now runs Duquesne Family Office, bought call options against 3,157,900 shares of the iShares Russell 2000 ETF for a stake worth $664 million. The bet marked Druckenmiller's biggest one at the end of March. A call option gives an investor the right to buy an asset at a specified — or strike — price within a certain period.
Theoretically, Druckenmiller could have already changed his positions by the time filings come out. The noted investor also took some profit in his big Nvidia bet last quarter by slashing the stake by more than 70%. Druckenmiller recently told CNBC that while he is still bullish on the artificial intelligence boom, he thinks the dramatic rally in the chipmaker made him pause. Indeed, the stock is up 90% in 2024. "We did cut that and a lot of other positions in late March.
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