Legendary macro investor Stanley Druckenmiller's Duquesne Family Office has established a new stake in engineering and construction firm Fluor Corp. According to quarterly disclosures, the firm acquired 982,200 shares valued at approximately $51.5 million. The position accounts for about 0.99% of the Duquesne portfolio. As these 13F filings are delayed, the transactions occurred at some point during the second quarter, which ended June 30, 2026.
The investment surfaces after Fluor reported strong second-quarter results on August 7, 2026, announcing $6.1 billion in new awards and an increase in its backlog to $26.9 billion, with 85% of that being reimbursable projects. [4, 5, 8] The company also highlighted continued demand in markets such as mining, infrastructure, energy, and nuclear-related projects. [4] There have been no public comments from Druckenmiller regarding the new investment.