This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Stanley Druckenmiller Buys Herbalife, Amazon, Nokia, Halliburton

Stocks in this article: BSX CBS DAL HLF LCC NOK SLB WEN

The Herbalife Ltd (HLF) controversy has drawn in yet another billionaire. Stanley Druckenmiller actually bought Herbalife shares during the September quarter, according to his firm’s latest 13F filing with the Securities and Exchange Commission. Other notable purchases include, Inc. (AMZN), Nokia Corporation ADR (NOK) and Halliburton Company (HAL).

Google Inc (GOOG) continues to be his largest position by far, with more than 29% of his portfolio committed to it. Druckenmiller did not change his position in the company during the quarter.

Stanley Druckenmiller’s new positions

During the three months ending Sept. 30, Druckenmiller snapped up about 79,000 shares of Herbalife Ltd (HLF), according to his regulatory filing. Of course Herbalife is the company which Bill Ackman dragged into the spotlight almost a year ago when he called it a pyramid scheme and shorted it. Since then, hedge fund managers have taken sides over the company, and now we know where Druckenmiller was as of September. He was long Herbalife.

Druckenmiller also opened a small position in, Inc. (AMZN), buying 157,700 shares, although that was enough to make the stock one of his top five holdings with almost 6% of his portfolio in it. Schlumberger Limited. (SLB) also became a sizable position in his portfolio, taking up more than 10% to become his second biggest holding during the September quarter.

The billionaire also bought a million shares of Nokia Corporation ADR (NOK), 2 million shares of The Wendy’s Co (WEN) and more than 600,000 shares of Halliburton Company (HAL). He did not increase his position in any stocks during the quarter.

Druckenmiller’s closed and reduced positions

Druckenmiller reduced his position in two stocks and closed out of eight others. His biggest reduction was CBS Corporation (CBS), of which he sold more than 1.5 million shares. His other reduction was Delta Air Lines, Inc. (DAL).

He closed completely out of Verizon Communications Inc (VZ), selling 473,000 shares of the company. He also sold all of his million shares of Boston Scientific Corporation (BSX) and all of his 2 million shares in US Airways Group Inc (LCC). If you remember, US Airways was going through some issues with the proposed merger with American Airlines, although that issue was resolved this week.

-By Michelle Jones


Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,356.87 +288.00 1.69%
S&P 500 2,012.89 +40.15 2.04%
NASDAQ 4,644.3120 +96.4780 2.12%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs