Stanley Druckenmiller, a highly successful investor known for his macroeconomic focus, made StubHub one of his top purchases in the third quarter. He has a stellar track record of generating over 30% average annual returns and never having a losing year.

In the third quarter, Druckenmiller bought 4.26 million shares of StubHub, a ticket resale marketplace that IPO’d in the quarter. Despite a lackluster performance since its IPO, Druckenmiller’s interest in StubHub raises questions about its potential.

StubHub, a market leader in ticket resale, recently went public. While it reported positive results, concerns over competition and regulatory issues in the UK have impacted investor confidence. The stock’s performance and ability to sustain growth will be key factors to monitor.

Read more at Nasdaq: Billionaire Stanley Druckenmiller Just Bet Big on This Hot IPO Stock. Is It a Buy?