Billionaire investor Stanley Druckenmiller’s Duquesne Family Office bought YPF, BBB Foods, and ARGT amid recent market volatility.
Stanley Druckenmiller’s Duquesne Family Office invested $128 million in Argentine and Mexican equities during the first quarter. The purchases included YPF SA, BBB Foods, and the Global X MSCI Argentina ETF, all of which have seen significant gains over the past year but faced recent sell-offs.
Argentine stocks declined sharply in September 2025 after President Javier Milei’s party lost a key provincial vote, with the Merval index dipping again in early 2026. Despite near 20-year high valuations for YPF, Druckenmiller’s move suggests confidence in long-term growth, particularly from the Vaca Muerta shale formation and the upcoming Vaca Muerta Sur pipeline.
The investments reflect a contrarian bet, as Druckenmiller appears to be banking on structural improvements rather than short-term valuation discounts.