Famed Investor Druckenmiller Dumps Amazon

Stanley Druckenmiller made a big name for himself when he managed money for hedge fund legend George Soros from 1988-2000.

Druckenmiller is now head of Duquesne Family Office, which manages his personal assets. Forbes estimates his net worth at $6.8 billion. Given Druckenmiller’s successful track record, investors are watching his moves closely.

And he made some interesting investment decisions in the second quarter, as evidenced by a registration application.

Duquesne dumped his entire position of 60,997 Amazon (AMZN) stocks in the quarter. That was valued at $9.9 million at the start of the second quarter and $6.5 million at the end of the quarter. The property is said to have been valued at $8.7 million on Aug. 17.

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