Druckenmiller Pared Argentina ETF Bet After Record-Setting Rally

Billionaire investor Stanley Druckenmiller’s investment firm cut some of its holdings in an exchange-traded fund tracking Argentina stocks, after a rally that took it to an all-time high at the start of this year.

The Duquesne Family Office, which remains one of the largest holders of the $1.2 billion Global X MSCI Argentina ETF, trimmed its stake by 19% to 443,800 shares in the three-month period ended on March 31, according to regulatory filings.