Manager record · ✦ curated · archived quarter
Duquesne Family Office
Stanley Druckenmiller (Chairman) · New York, NY · CIK 1536411 · EDGAR filings ↗
Macro-aware equity family office.
$4.06BReported 13F value
65Positions
55.7%Top-10 weight
21.20Effective holdings
35.2%Est. turnover
+29New
−32Exits
Reported 13F portfolio value covers U.S. reportable long positions only, not cash, bonds, shorts or non-U.S. holdings. It is not assets under management. Values normalized from a filing reported in $ thousands; the original filing shows the as-reported figures.
Sector exposure
Healthcare
36.1% (+2.8pp)
Consumer Cyclical
18.6% (+3.9pp)
Technology
14.1% (-7.4pp)
Financial Services
9.4% (+2.5pp)
Industrials
7.8% (-2.3pp)
Communication Services
7.0% (+2.5pp)
Basic Materials
2.3% (+0.7pp)
Utilities
1.8%
Energy
1.5% (-1.8pp)
Consumer Defensive
1.3% (-2.9pp)
Share of reported common-equity value; (±pp) vs prior quarter.
The portfolio · Q3 2025
| # | Security | Weight | Value | Shares | Δ shares | Held | |
|---|---|---|---|---|---|---|---|
| 1 | NTRA Natera, Inc. | 13.2% | $517,443 | 3.21M | +4.2% | ▲ Add | 6 |
| 2 | INSM Insmed Incorporated | 8.9% | $348,999 | 2.42M | +7.5% | ▲ Add | 6 |
| 3 | TEVA Teva Pharmaceutical… | 8.5% | $335,197 | 16.59M | +3.9% | ▲ Add | 5 |
| 4 | TSM Taiwan Semiconductor… | 5.4% | $213,681 | 765.09K | 0.0% | Held | 5 |
| 5 | WWD Woodward, Inc. | 4.1% | $159,969 | 633.01K | -25.4% | ▼ Trim | 6 |
| 6 | CPNG Coupang, Inc. | 3.8% | $149,187 | 4.63M | +12.8% | ▲ Add | 6 |
| 7 | MELI MercadoLibre, Inc. | 3.5% | $136,346 | 58.34K | +8.6% | ▲ Add | 6 |
| 8 | DOCU DocuSign, Inc. | 3.1% | $121,540 | 1.69M | +30.6% | ▲ Add | 3 |
| 9 | VRNA Verona Pharma plc | 2.7% | $106,932 | 1.00M | 0.0% | Held | 5 |
| 10 | EEM iShares MSCI Emerging… | 2.6% | $101,460 | 1.90M | New | New | 1 |
| 11 | AMZN Amazon.com, Inc. | 2.4% | $95,967 | 437.07K | New | New | 1 |
| 12 | ROKU Roku, Inc. | 2.1% | $82,350 | 822.43K | -25.3% | ▼ Trim | 3 |
| 13 | FIGR Figure Technology… | 2.0% | $76,989 | 2.12M | New | New | 1 |
| 14 | QSR Restaurant Brands… | 1.8% | $72,566 | 1.13M | +50.6% | ▲ Add | 2 |
| 15 | STUB StubHub Holdings, Inc. | 1.8% | $71,730 | 4.26M | New | New | 1 |
| 16 | WAB Westinghouse Air Brake… | 1.5% | $60,624 | 302.41K | +77.4% | ▲ Add | 6 |
| 17 | META Meta Platforms, Inc. | 1.4% | $55,886 | 76.10K | New | New | 1 |
| 18 | Newamsterdam Pharma Company (unmapped) | n/a | $54,710 | 1.92M | n/a | n/a | |
| 19 | CRS Carpenter Technology… | 1.4% | $54,027 | 220.03K | +73.8% | ▲ Add | 2 |
| 20 | C Citigroup Inc. | 1.3% | $52,257 | 514.85K | -22.7% | ▼ Trim | 2 |
| 21 | TWLO Twilio Inc. | 1.3% | $51,326 | 512.80K | +155.8% | ▲ Add | 3 |
| 22 | BAC Bank of America Corporation | 1.3% | $51,035 | 989.25K | +189.3% | ▲ Add | 2 |
| 23 | SE Sea Limited | 1.2% | $49,008 | 274.20K | -11.5% | ▼ Trim | 2 |
| 24 | EQT EQT Corporation | 1.2% | $48,712 | 894.95K | -28.6% | ▼ Trim | 3 |
| 25 | GEV GE Vernova Inc. | 1.2% | $47,544 | 77.32K | New | New | 1 |
| 26 | RH Rh | 1.2% | $47,219 | 393.82K | New | New | 1 |
| 27 | VST Vistra Corp. | 1.2% | $45,842 | 233.99K | New | New | 1 |
| 28 | U Unity Software Inc. | 0.9% | $35,335 | 882.50K | -50.3% | ▼ Trim | 2 |
| 29 | LEN Lennar Corporation | 0.9% | $35,219 | 279.42K | +210.8% | ▲ Add | 2 |
| 30 | DHI D.R. Horton, Inc. | 0.9% | $34,767 | 205.15K | +165.1% | ▲ Add | 2 |
| 31 | CLF Cleveland-Cliffs Inc. | 0.8% | $33,123 | 2.72M | New | New | 1 |
| 32 | TBBB BBB Foods Inc. | 0.8% | $31,897 | 1.18M | +228.1% | ▲ Add | 2 |
| 33 | PCT PureCycle Technologies, Inc. | 0.8% | $30,286 | 2.30M | 0.0% | Held | 4 |
| 34 | FWONA Formula One Group | 0.8% | $30,123 | 288.40K | New | New | 1 |
| 35 | DAKT Daktronics Inc | 0.8% | $30,061 | 1.44M | -53.3% | ▼ Trim | 6 |
| 36 | DKS DICK'S Sporting Goods, Inc. | 0.7% | $29,427 | 132.43K | New | New | 1 |
| 37 | FLTR.L Flutter Entertainment plc | 0.7% | $29,272 | 115.25K | -71.6% | ▼ Trim | 6 |
| 38 | KBE State Street SPDR S&P Bank… | 0.7% | $28,646 | 482.10K | New | New | 1 |
| 39 | OPCH Option Care Health, Inc. | 0.7% | $27,141 | 977.68K | +53.5% | ▲ Add | 2 |
| 40 | AEVA Aeva Technologies, Inc. | 0.7% | $26,670 | 1.84M | New | New | 1 |
| 41 | PCG PG&E Corporation | 0.6% | $24,871 | 1.65M | New | New | 1 |
| 42 | GOOGL Alphabet Inc. | 0.6% | $24,845 | 102.20K | New | New | 1 |
| 43 | ARM Arm Holdings plc American… | 0.6% | $23,756 | 167.90K | New | New | 1 |
| 44 | NU Nu Holdings Ltd. | 0.6% | $23,281 | 1.45M | -57.4% | ▼ Trim | 2 |
| 45 | SMTC Semtech Corporation | 0.5% | $21,543 | 301.51K | New | New | 1 |
| 46 | STX Seagate Technology Holdings… | 0.5% | $20,278 | 85.90K | -56.5% | ▼ Trim | 6 |
| 47 | GPC Genuine Parts Company | 0.5% | $19,984 | 144.19K | New | New | 1 |
| 48 | ELVN Enliven Therapeutics, Inc. | 0.5% | $19,393 | 947.40K | +104.6% | ▲ Add | 2 |
| 49 | POST Post Holdings, Inc. | 0.5% | $18,959 | 176.40K | New | New | 1 |
| 50 | SNDK Sandisk Corporation | 0.5% | $18,652 | 166.24K | New | New | 1 |
| 51 | SYF Synchrony Financial | 0.5% | $18,603 | 261.82K | New | New | 1 |
| 52 | ARGT Global X Fds | 0.5% | $17,722 | 254.04K | -5.1% | ▼ Trim | 6 |
| 53 | COGT Cogent Biosciences, Inc. | 0.4% | $15,216 | 1.06M | New | New | 1 |
| 54 | PTGX Protagonist Therapeutics… | 0.3% | $10,609 | 159.70K | New | New | 1 |
| 55 | COF Capital One Financial… | 0.2% | $9,337 | 43.92K | New | New | 1 |
| 56 | CMG Chipotle Mexican Grill, Inc. | 0.2% | $9,139 | 233.21K | New | New | 1 |
| 57 | SEI Solaris Energy… | 0.1% | $5,820 | 145.60K | New | New | 1 |
| 58 | MDB MongoDB, Inc. | 0.1% | $5,497 | 17.71K | New | New | 1 |
| 59 | TXRH Texas Roadhouse, Inc. | 0.1% | $4,951 | 29.80K | New | New | 1 |
| 60 | ECHO EchoStar Corporation | 0.1% | $4,640 | 60.77K | New | New | 1 |
| 61 | YPF YPF Sociedad Anónima | 0.1% | $2,786 | 114.69K | -83.7% | ▼ Trim | 6 |
| 62 | CHYM Chime Financial, Inc. Class… | 0.0% | $872 | 43.23K | -90.7% | ▼ Trim | 2 |
Common-stock (SH) positions only; option lines are in the Options tab and are never netted. ✂ = change computed against split-adjusted prior shares. “Held N+” = held every quarter in our window, possibly longer.
| Security | Shares | Prior | Change | Value | Weight | Streak |
|---|---|---|---|---|---|---|
| EEM iShares MSCI Emerging… | 1.90M | n/a | New | $101.46M | 2.6% | |
| AMZN Amazon.com, Inc. | 437.07K | n/a | New | $95.97M | 2.4% | |
| FIGR Figure Technology… | 2.12M | n/a | New | $76.99M | 2.0% | |
| STUB StubHub Holdings, Inc. | 4.26M | n/a | New | $71.73M | 1.8% | |
| META Meta Platforms, Inc. | 76.10K | n/a | New | $55.89M | 1.4% | |
| GEV GE Vernova Inc. | 77.32K | n/a | New | $47.54M | 1.2% | |
| RH Rh | 393.82K | n/a | New | $47.22M | 1.2% | |
| VST Vistra Corp. | 233.99K | n/a | New | $45.84M | 1.2% | |
| CLF Cleveland-Cliffs Inc. | 2.72M | n/a | New | $33.12M | 0.8% | |
| FWONA Formula One Group | 288.40K | n/a | New | $30.12M | 0.8% | |
| DKS DICK'S Sporting Goods… | 132.43K | n/a | New | $29.43M | 0.7% | |
| KBE State Street SPDR S&P… | 482.10K | n/a | New | $28.65M | 0.7% | |
| AEVA Aeva Technologies, Inc. | 1.84M | n/a | New | $26.67M | 0.7% | |
| PCG PG&E Corporation | 1.65M | n/a | New | $24.87M | 0.6% | |
| GOOGL Alphabet Inc. | 102.20K | n/a | New | $24.84M | 0.6% | |
| ARM Arm Holdings plc… | 167.90K | n/a | New | $23.76M | 0.6% | |
| SMTC Semtech Corporation | 301.51K | n/a | New | $21.54M | 0.5% | |
| GPC Genuine Parts Company | 144.19K | n/a | New | $19.98M | 0.5% | |
| POST Post Holdings, Inc. | 176.40K | n/a | New | $18.96M | 0.5% | |
| SNDK Sandisk Corporation | 166.24K | n/a | New | $18.65M | 0.5% | |
| SYF Synchrony Financial | 261.82K | n/a | New | $18.60M | 0.5% | |
| COGT Cogent Biosciences, Inc. | 1.06M | n/a | New | $15.22M | 0.4% | |
| PTGX Protagonist… | 159.70K | n/a | New | $10.61M | 0.3% | |
| COF Capital One Financial… | 43.92K | n/a | New | $9.34M | 0.2% | |
| CMG Chipotle Mexican Grill… | 233.21K | n/a | New | $9.14M | 0.2% | |
| SEI Solaris Energy… | 145.60K | n/a | New | $5.82M | 0.1% | |
| MDB MongoDB, Inc. | 17.71K | n/a | New | $5.50M | 0.1% | |
| TXRH Texas Roadhouse, Inc. | 29.80K | n/a | New | $4.95M | 0.1% | |
| ECHO EchoStar Corporation | 60.77K | n/a | New | $4.64M | 0.1% |
| Security | Shares | Prior | Change | Value | Weight | Streak |
|---|---|---|---|---|---|---|
| NTRA Natera, Inc. | 3.21M | 3.09M | +4.2% | $517.44M | 13.2% | |
| INSM Insmed Incorporated | 2.42M | 2.25M | +7.5% | $349.00M | 8.9% | ●●●●○○ |
| TEVA Teva Pharmaceutical… | 16.59M | 15.97M | +3.9% | $335.20M | 8.5% | ●●●●●○ |
| CPNG Coupang, Inc. | 4.63M | 4.11M | +12.8% | $149.19M | 3.8% | |
| MELI MercadoLibre, Inc. | 58.34K | 53.73K | +8.6% | $136.35M | 3.5% | |
| DOCU DocuSign, Inc. | 1.69M | 1.29M | +30.6% | $121.54M | 3.1% | ●●●○○○ |
| QSR Restaurant Brands… | 1.13M | 751.01K | +50.6% | $72.57M | 1.8% | ●●○○○○ |
| WAB Westinghouse Air Brake… | 302.41K | 170.51K | +77.4% | $60.62M | 1.5% | |
| CRS Carpenter Technology… | 220.03K | 126.64K | +73.8% | $54.03M | 1.4% | ●●○○○○ |
| TWLO Twilio Inc. | 512.80K | 200.47K | +155.8% | $51.33M | 1.3% | |
| BAC Bank of America… | 989.25K | 341.90K | +189.3% | $51.03M | 1.3% | ●●○○○○ |
| LEN Lennar Corporation | 279.42K | 89.90K | +210.8% | $35.22M | 0.9% | ●●○○○○ |
| DHI D.R. Horton, Inc. | 205.15K | 77.40K | +165.1% | $34.77M | 0.9% | ●●○○○○ |
| TBBB BBB Foods Inc. | 1.18M | 360.55K | +228.1% | $31.90M | 0.8% | ●●○○○○ |
| OPCH Option Care Health, Inc. | 977.68K | 636.85K | +53.5% | $27.14M | 0.7% | ●●○○○○ |
| ELVN Enliven Therapeutics… | 947.40K | 463.00K | +104.6% | $19.39M | 0.5% | ●●○○○○ |
| Security | Shares | Prior | Change | Value | Weight | Streak |
|---|---|---|---|---|---|---|
| WWD Woodward, Inc. | 633.01K | 848.91K | -25.4% | $159.97M | 4.1% | ●●●○○○ |
| FLTR.L Flutter Entertainment… | 115.25K | 405.32K | -71.6% | $29.27M | 0.7% | |
| ROKU Roku, Inc. | 822.43K | 1.10M | -25.3% | $82.35M | 2.1% | |
| EQT EQT Corporation | 894.95K | 1.25M | -28.6% | $48.71M | 1.2% | |
| C Citigroup Inc. | 514.85K | 666.30K | -22.7% | $52.26M | 1.3% | |
| SE Sea Limited | 274.20K | 309.73K | -11.5% | $49.01M | 1.2% | |
| NU Nu Holdings Ltd. | 1.45M | 3.42M | -57.4% | $23.28M | 0.6% | |
| DAKT | 1.44M | 3.08M | -53.3% | $30.06M | 0.8% | |
| U Unity Software Inc. | 882.50K | 1.77M | -50.3% | $35.34M | 0.9% | |
| STX Seagate Technology… | 85.90K | 197.49K | -56.5% | $20.28M | 0.5% | ●●●●●○ |
| ARGT | 254.04K | 267.70K | -5.1% | $17.72M | 0.5% | ●●●○○○ |
| YPF YPF Sociedad Anónima | 114.69K | 704.00K | -83.7% | $2.79M | 0.1% | ●●○○○○ |
| CHYM Chime Financial, Inc.… | 43.23K | 466.82K | -90.7% | $872,000 | 0.0% |
| Security | Shares | Prior | Change | Value | Weight | Streak |
|---|---|---|---|---|---|---|
| PM Philip Morris… | n/a | 815.98K | Exit | $148.61M | 3.8% | |
| ENTG Entegris, Inc. | n/a | 1.65M | Exit | $132.74M | 3.4% | |
| COHR Coherent, Inc. | n/a | 1.16M | Exit | $103.29M | 2.6% | |
| MSFT Microsoft Corporation | n/a | 200.93K | Exit | $99.94M | 2.6% | |
| LLY Eli Lilly and Company | n/a | 100.67K | Exit | $78.48M | 2.0% | |
| WBD Warner Bros. Discovery… | n/a | 6.54M | Exit | $74.92M | 1.9% | |
| XLF State Street Financial… | n/a | 985.30K | Exit | $51.60M | 1.3% | |
| CZR Caesars Entertainment… | n/a | 1.40M | Exit | $39.63M | 1.0% | |
| DAL Delta Air Lines, Inc. | n/a | 793.51K | Exit | $39.02M | 1.0% | |
| GLW Corning Inc | n/a | 623.14K | Exit | $32.77M | 0.8% | |
| KMI Kinder Morgan, Inc. | n/a | 1.07M | Exit | $31.51M | 0.8% | |
| APP AppLovin Corporation | n/a | 89.46K | Exit | $31.32M | 0.8% | |
| UAL United Airlines… | n/a | 377.12K | Exit | $30.03M | 0.8% | |
| GS The Goldman Sachs… | n/a | 42.00K | Exit | $29.73M | 0.8% | |
| BCS Barclays PLC | n/a | 1.55M | Exit | $28.81M | 0.7% | |
| ILMN Illumina, Inc. | n/a | 300.62K | Exit | $28.68M | 0.7% | |
| AVGO Broadcom Inc. | n/a | 86.14K | Exit | $23.74M | 0.6% | |
| EWZ iShares MSCI Brazil ETF | n/a | 738.80K | Exit | $21.31M | 0.5% | |
| HAS Hasbro, Inc. | n/a | 281.10K | Exit | $20.75M | 0.5% | |
| XPO XPO Logistics, Inc. | n/a | 163.10K | Exit | $20.60M | 0.5% | |
| BMA | n/a | 220.90K | Exit | $15.51M | 0.4% | |
| VKTX Viking Therapeutics… | n/a | 549.29K | Exit | $14.56M | 0.4% | |
| GGAL Grupo Financiero… | n/a | 231.48K | Exit | $11.66M | 0.3% | |
| BWXT BWX Technologies, Inc. | n/a | 76.47K | Exit | $11.02M | 0.3% | |
| BLDR Builders FirstSource… | n/a | 85.06K | Exit | $9.93M | 0.3% | |
| FCX Freeport-McMoRan Inc. | n/a | 224.80K | Exit | $9.74M | 0.2% | |
| CCCS CCC Intelligent… | n/a | 1.01M | Exit | $9.48M | 0.2% | |
| ESLT Elbit Systems Ltd. | n/a | 18.29K | Exit | $8.22M | 0.2% | |
| TMO Thermo Fisher… | n/a | 12.20K | Exit | $4.95M | 0.1% | |
| DHR Danaher Corporation | n/a | 24.70K | Exit | $4.88M | 0.1% | |
| CC The Chemours Company | n/a | 421.80K | Exit | $4.83M | 0.1% | |
| JOBY Joby Aviation, Inc. | n/a | 31.49K | Exit | $332,000 | 0.0% |
| Underlying | Type | Underlying shares | Reported value |
|---|---|---|---|
| SPY | Call | 90.00K | $59,956 |
| IWM | Call | 226.00K | $54,683 |
| NTRA | Call | 100.00K | $16,097 |
13Fs report option notional (underlying shares and market value) but not strike, expiry, or whether the option was bought or written, so no direction can be inferred. Methodology
Position age
290–1 quarters
182–4 quarters
145–8 quarters
Consecutive quarters each current position has been reported, within our data window.
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|---|---|---|---|---|
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| Sanders Capital, LLC | 5 | 3.9% | 0.2185 | Compare ⇄ |
| Walleye Trading LLC | 33 | 3.3% | 0.1956 | Compare ⇄ |
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Similarity of reported longs only; hedges and non-13F assets are invisible. Methodology
Filing record
Aug 14 2026
13F-HR · period Q2 2026
$5.21M · 95 holdings listed · View original SEC filing ↗
May 15 2026
13F-HR · period Q1 2026
$3.38M · 70 holdings listed · View original SEC filing ↗
Feb 17 2026
13F-HR · period Q4 2025
$4.49M · 62 holdings listed · View original SEC filing ↗
Nov 14 2025
13F-HR · period Q3 2025
$4.06M · 65 holdings listed · View original SEC filing ↗
Aug 15 2025
13F-HR · period Q2 2025
$4.07M · 69 holdings listed · View original SEC filing ↗
May 15 2025
13F-HR · period Q1 2025
$3.06M · 52 holdings listed · View original SEC filing ↗
Feb 14 2025
13F-HR · period Q4 2024
$3.72M · 78 holdings listed · View original SEC filing ↗
Nov 14 2024
13F-HR · period Q3 2024
$2.95M · 75 holdings listed · View original SEC filing ↗
Aug 14 2024
13F-HR · period Q2 2024
$2.92M · 64 holdings listed · View original SEC filing ↗
Provenance: All holdings parsed from this manager's 13F information tables on SEC EDGAR; values as reported, whole USD. Changes compare the latest accepted version of each quarter (amendments incorporated) on split-adjusted share counts.
Reporting period: Q3 2025 · latest filing Aug 14, 2026 ·
Change methodology