Stanley Druckenmiller Invests Heavily in Argentine Stocks Amid Economic Uncertainty
In early 2026, Stanley Druckenmiller's Duquesne Family Office significantly increased its stake in YPF, Argentina’s state-controlled oil company. By June of the same year, it held $142.7 million worth of YPF shares and also invested in the Global X MSCI Argentina ETF (ARGT) as well as Grupo Financiero Galicia (GGAL), an Argentine bank holding company. YPF saw a significant earnings boost due to increased oil production from its Vaca Muerta shale formation, with output rising 47% year-over-year. The completion of the Vaca Muerta Sur export pipeline is expected in early 2027 and could further enhance YPF's profitability by enabling more international sales. Druckenmiller’s investment in Galicia reflects a bet on improved loan repayment rates as Argentina’s inflation cools, though recent data shows annual inflation at 33.8% with signs of reacceleration.
Topics: Argentina Duquesne Family Office Emerging Markets Stanley Druckenmiller YPF