The billionaire funds of Druckenmiller and Soros bet on energy in the first quarter
Billionaire Stanley Druckenmiller manages Duquesne Family Office investments / Photo: YouTube/Norges Bank Investment Management
Investment companies managing the fortunes of super-rich families increased their investments in oil and gas companies, as well as in renewable energy in the first quarter, Bloomberg reported. The family offices of billionaires Stanley Druckenmiller and George Soros, among others, followed such a path. The deals indicate that some of the world's wealthiest investors are rebuilding their portfolios amid heightened geopolitical tensions, the agency said.
Where billionaires have invested
- The Duquesne Family Office of billionaire Stanley Druckenmiller has increased its investments in two Latin American energy companies: picking up a stake of more than $127 million in Argentine oil and gas producer YPF SA and opening a new position in Mexico's Vista Energy SAB. The American depositary receipts of both companies are traded on the New York Stock Exchange.
- Billionaire George Soros' investment company Soros Fund Management has opened new positions in five companies in the renewable energy sector. Four of them are in the solar energy sector, including T1 Energy and Array Technologies.
- The Rausing family office of packaging maker Tetra Pak has doubled its investments in U.S. energy stocks. In particular, it bought stakes in oil refiner Marathon Petroleum and liquefied natural gas producer Cheniere Energy, according to a Form 13F filing with the SEC and analyzed by Bloomberg.
- BW Gestao de Investimentos, the wealth manager of the Moreira Salles family behind one of Latin America's biggest banks, Itau Unibanco Holding, has built up stakes in nearly a dozen oil and gas companies and bought shares in Solv Energy, a solar energy company.
- The investment arm of financier Joseph Gruss's family has acquired a stake in Expand Energy, one of the largest natural gas producers in the U.S., as well as in rival EQT, in which the Moreira Salles family is already a shareholder, Bloomberg writes.
Some companies in the energy sector that billionaires have bet on were up to 55% more expensive in the first quarter, Bloomberg notes.
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In the "Guru Portfolios" section on Oninvest you can track the structure and changes in the portfolios of the world's largest investors and funds. The service allows you to analyze the largest positions, new ideas and changes in asset shares based on 13F reports, as well as compare the dynamics of portfolios over time.
This article was AI-translated and verified by a human editor
