Billionaire Stanley Druckenmiller is exploring new opportunities after selling over $2.5 billion worth of stocks. The well-known investor and head of Duquesne Family Office divested all of the firm’s shares in Nvidia (NVDA) last year, as well as most of its stake in Palantir (PLTR).

Druckenmiller is now beginning to invest some of the firm’s substantial cash reserves in Teva Pharmaceutical (TEVA), purchasing 1,427,950 shares worth around $30.3 million, according to a report by the Motley Fool.

The stock of Teva Pharmaceutical surged over 100% in 2024 after the company resolved opioid litigation and achieved strong growth by focusing on brand-name drugs.

As of the third quarter of 2024, the top holdings at Duquesne Family Office include Natera (NTRA) valued at $452 million, Coupang (CPNG) valued at $287 million, Coherent (COHR) at $264 million, Woodward (WWD) at $181 million, and Seagate Technology (STX) at $179 million.

During a recent interview with Nicolai Tangen, CEO of Norges Bank Investment Management, Druckenmiller expressed his primary concern about whether the Federal Reserve began cutting interest rates too soon.

“When this whole episode of inflation started, approximately two years ago or a year and a half ago, I was very confident that inflation would decrease, and I was right about that. However, I was wrong about the economy, as I had concerns. You can take this with a grain of salt since I was right about one aspect and wrong about the other. I have now shifted my focus to being more concerned about future inflation rather than the economy itself.

I am a little worried that the Federal Reserve has declared victory too early. I do not have the same level of certainty as I did in 2021 when I predicted that inflation would rise, especially considering the money supply was growing by 40% and various other factors were at play. However, I also do not have the conviction that they have completely extinguished this problem and won the battle.”

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