Billionaire investor Stanley Druckenmiller exited Micron, Intel, and Broadcom while adding Equinix and Lam Research in Q2 2026.
Stanley Druckenmiller’s Duquesne Family Office sold its holdings in Micron, Intel, and Broadcom during the second quarter, according to a June 30, 2026, filing. The fund opened new positions in Equinix and Lam Research, totaling approximately $19M combined.
The exits followed strong gains for Micron, up 669% over the past year, and Intel, which rose 267%. Broadcom trades at a trailing P/E of 60. Equinix raised its long-term revenue growth outlook to 10-13% annually through 2029 and has increased its dividend every year on record.
The 13F filing reflects holdings as of June 30 and does not indicate current positions. Druckenmiller’s moves signal a shift toward AI infrastructure and equipment stocks.