Stanley Druckenmiller Invested Tens of Millions Into These Risky Stocks. Should You?

In the first quarter of 2026, the Duquesne Family Office led by Stanley Druckenmiller significantly increased its investment in Argentine equities. The firm boosted its stake in YPF, the state-controlled oil company, from 0.83 million shares to an impressive 3.2 million shares, representing a more than fivefold expansion. Additionally, Duquesne also re-entered the Global X MSCI Argentina ETF, an investment vehicle that tracks the performance of the largest and most successful Argentine companies.

However, just a few months later, Druckenmiller decided to unwind his positions in both YPF and the ETF. By June 30, Duquesne's holdings in these Argentine assets had shrunk to $142.7 million in YPF, $30 million in the ETF, and a fresh $3 million investment in Grupo Financiero Galicia, an Argentine bank holding company. The fund also maintained a $8.6 million position in another Argentine energy company, bringing the total worth of Argentine shares in the portfolio to $184.3 million, which constituted 3.5% of Duquesne's reported portfolio value.