Stanley Druckenmiller's Duquesne Family Office just made a notable portfolio change. Known for making concentrated bets and rotating quickly when its convictions change, the firm added a new position in Alphabet (GOOGL) to its portfolio.
This is a small move in dollar terms compared to some of Wall Street's biggest funds, but it lands at an interesting moment for the search and cloud giant. Alphabet just wrapped up a quarter that was hard to ignore, even by its own standards. Let's take a closer look.