DRUCKENMILLER 13F DROP 1) Druck sold memory stocks before the July semiconductor crash. He exited $MU $AVGO $BE $NET $SNDK $LITE Extremely well timed. 2) He rotated into cloud businesses like $AMZN and $GOOGL We agree, these names got way too cheap. 3) He invested in datacenter storage name $STX . We prefer $WDC. Same theme. Data storage does not have the same DRAM or HBM pricing volatility risk. 3) He bought $FOXA. We picked this up 2 weeks ago when it sold off after $ROKU acquisition news. Was sub 10x forward PE, and their earnings will grow sharply as we see WorldCup hit and Mid Terms and a Presidential $15 Bn+ election spend. 4) He bought cybersecurity names. These are a bit pricey, but they are one of the few areas that have maintained momentum. 5) Interestingly, he picked up $PURR which is a bet on Hyperliquid. We re-established a small position in $PURR a few days ago. 6) He picked up $RDDT. We like that as an indirect AI play (licensing revenue). 7) He added to medical devices. If you want a quality category on sale with value there’s a lot to do here. He bot $DHR. 8) He bought $CDW. This is a mean reversion high free cashflow and capital return story. This was surprising to see. I attached the bull case on this name. 9) He bought a semi name that is under the radar: $STM. This one is also a surprise. That business is experiencing a decline in revenue, but the Lumida Invest app says they are re-positioning to get into Autonomous Vehicles. 10) Druck added to airlines which sold off due to SoH. We like this theme as a bet on Baby Boomer travel demand. Overall, he has a thoughtful portfolio.