Duquesne Family Office Q2 Trades: Warner Bros. and Nu Holdings Added, BridgeBio and Teck Resources Ditched

Stanley Druckenmiller's Duquesne Family Office made new investments in Warner Bros. Discovery and Nu Holdings during Q2, while selling its stakes in BridgeBio Pharma and Teck Resources. The office, which has experience at Bloomberg, took a new position in Warner Bros. Discovery, a media and entertainment company, and invested in Nu Holdings, a Brazilian digital bank. Duquesne exited its holdings in BridgeBio Pharma, a biotech firm, and Teck Resources, a mining company.

Stanley Druckenmiller's Duquesne Family Office made significant moves in the second quarter, including new investments in Warner Bros. Discovery and Nu Holdings, while selling stakes in BridgeBio Pharma and Teck Resources. The changes reflect the office's strategic shift towards technology and media sectors.

In the second quarter, Duquesne initiated a new position in Warner Bros. Discovery, Inc. [WBD], a media and entertainment company. The investment underscores the office's confidence in the future prospects of the entertainment industry, particularly given the recent restructuring plans of the company [2]. Additionally, Duquesne took a new position in Nu Holdings, a Brazilian digital bank, highlighting the office's interest in the fintech sector.

Conversely, Duquesne exited its holdings in BridgeBio Pharma, a biotech firm, and Teck Resources, a mining company. The sale of these positions could indicate a strategic reallocation of capital towards more promising sectors or a reassessment of the companies' long-term growth prospects.

These moves align with Druckenmiller's broader strategy of positioning the portfolio for growth in the technology and media sectors, as evidenced by his significant investments in AI and semiconductor companies earlier in the year [1]. The office's experience at Bloomberg likely played a role in its decision to invest in Warner Bros. Discovery, given the company's strong market presence and strategic initiatives.

The National Pension Service also increased its stake in Warner Bros. Discovery, further signaling confidence in the company's future prospects [3]. This institutional support, coupled with Duquesne's investment, could be a positive indicator for investors.

Overall, Duquesne's repositioning in the second quarter reflects a strategic shift towards technology and media sectors, while also indicating a willingness to exit underperforming positions. This approach aligns with Druckenmiller's long-term investment philosophy and could position the portfolio for growth in the coming quarters.

References:
[1] https://www.benzinga.com/markets/hedge-funds/25/08/47177810/legendary-investor-stanley-druckenmiller-made-huge-ai-and-chipmaker-bets-in-q2-heres-what-he-knows-that-you-dont
[2] https://www.ainvest.com/news/warner-bros-discovery-director-levy-anton-buys-325k-shares-2508/
[3] https://www.marketbeat.com/instant-alerts/filing-national-pension-service-increases-stock-holdings-in-warner-bros-discovery-inc-nasdaqwbd-2025-08-16/