Billionaire Stanley Druckenmiller Closed Out His Position in Eli Lilly Stock. 3 Reasons Why I'm Still a Buyer.
Lilly(LLY) The Motley Fool·2024-10-27 19:02
Stanley Druckenmiller's Duquesne Family Office exited its position in Eli Lilly stock last quarter.Some hedge funds have a tendency to move on from their holdings in short order in an effort to book profits and redeploy capital into a new higher-conviction opportunity. According to its recent 13F filing, the Duquesne Family Office headed by billionaire portfolio manager Stanley Druckenmiller closed out 28 positions in total last quarter -- and one of these moves really stood out.Last quarter, Druckenmiller' ...