Stanley Druckenmiller acquired 1.05 Million Vale S.A. - ADR shares worth $16.5 Million. That's 0.74% of their equity portfolio (26th largest holding). The first Vale S.A. - ADR trade was made in Q3 2017. Since then Stanley Druckenmiller bought shares three more times and sold shares on three occasions. The stake costed the investor $15.7 Million, netting the investor a gain of 5.0% so far.