Billionaire investor Stanley Druckenmiller revealed a big bullish position in small-cap stocks last quarter, according to a new regulatory filing.
A call option gives an investor the right to buy an asset at a specified — or strike — price within a certain period.
As of the end of March, Druckenmiller owned 31,579 call contracts with unknown value, strike price or expiry, according to the filing.
The noted investor also took some profit in his big Nvidia bet last quarter by slashing the stake by more than 70%.
Other than these changes, Druckenmiller added a sizable stake in semiconductor name Coherent , making it his eighth-biggest holding.
Persons:
Stanley Druckenmiller, Russell, Druckenmiller, We've, I'm, Warren Buffett, George Soros
Organizations:
Duquesne Family Office, U.S . Securities, Exchange, Nvidia, CNBC, Quantum Fund, Duquesne Capital Management
Locations:
Duquesne