Billionaire investor Stanley Druckenmiller's Duquesne Family Office made significant portfolio adjustments in the fourth quarter of 2025, liquidating its Meta Platforms holding while substantially expanding its Amazon position. The family office increased its Amazon stake by 69% to $170 million and purchased 100,000 call options on the e-commerce and cloud computing giant, signaling confidence in the company's medium-term prospects despite recent market headwinds.
Amazon's stock has declined approximately 9% over the past year amid investor concerns about potential tariff impacts and questions surrounding the company's artificial intelligence strategy. Despite these pressures, the company trades at valuations considered relatively attractive compared to peers, supported by the fundamental strength of its core e-commerce operations and Amazon Web Services cloud division.
The portfolio repositioning contrasts with Meta's recent performance trajectory. While Meta encountered operational challenges, the company's latest earnings report demonstrated progress in AI-driven advertising improvements. Druckenmiller's decision to exit Meta entirely and concentrate capital in Amazon reflects a strategic preference for the latter's diversified revenue streams and established market position among the technology sector's largest companies.