Wealthy investor, Stanley Druckenmiller, divests his entire Palantir shares, opting instead for a lucrative dividend stock that has seen a twofold increase in the past 15 months.
In a recent move, billionaire investor Stanley Druckenmiller's Duquesne Family Office has made significant changes to its portfolio. The most notable shift involves the sale of Palantir Technologies shares and a subsequent investment in Philip Morris International.
According to Form 13F filings, Druckenmiller sold a 769,965-share stake in Palantir Technologies between the end of March 2024 and the close of the first quarter of 2025. This decision may be attributed to Druckenmiller's belief that the artificial intelligence sector might be overhyped in the short run. It's important to note that Palantir Technologies' stock has rallied by nearly 2,000% since 2023 began.
On the other hand, Duquesne Family Office has been building up a position in Philip Morris International. Between April 1, 2024, and March 31, 2025, they acquired a 1,105,268-share position in the company. As of March 31, 2025, Philip Morris International is Duquesne Family Office's fifth-largest holding, approximately 5.7% of their invested assets.
Philip Morris International, a global tobacco company, services around 180 countries. The company's stock is currently trading at 22 times forward-year earnings. In the March-ended quarter, the company shipped more than 223.4 million cans of Zyn, their nicotine pouches, representing more than 53% year-over-year growth. Furthermore, total heated tobacco units sold by Philip Morris International rose nearly 12% year-over-year to 37.1 billion in the same quarter.
The base annual dividend of $5.40 per share for Philip Morris International works out to a 3% yield, providing a steady income stream for investors. However, it's worth noting that tobacco contains nicotine, an addictive substance, which has led to smokers absorbing price increases that offset any shipment volume declines to developed countries.
The filing deadline for Form 13F with the Securities and Exchange Commission was May 15. Duquesne Family Office closed out the March quarter with more than $3 billion in assets under management (AUM) spread across 52 securities.
Stanley Druckenmiller, known for his keen investment insights and outsized returns, has been a significant player in the investment world. His latest move towards Philip Morris International could indicate a bullish outlook for the tobacco giant.
Form 13F provides a snapshot of which stocks Wall Street's brightest investment minds purchased and sold in the latest quarter. As such, Druckenmiller's decision to invest in Philip Morris International may signal a broader trend among investors.
In conclusion, the shift in Duquesne Family Office's portfolio, with the sale of Palantir Technologies shares and the investment in Philip Morris International, is a significant development in the investment world. The move could indicate a potential bullish outlook for Philip Morris International and a bearish one for Palantir Technologies, should the AI bubble burst.
Read also:
- Recognition of Exceptional Patient Care: Top Staff Honored by Medical Center Board
- A continuous command instructing an entity to halts all actions, repeated numerous times.
- California Senator Kamala Harris announces she will not seek the governorship in 2026, instead hinting at future professional ventures.
- Survey on Life Prolongation Methods
