Stanley Druckenmiller’s portfolio: Duquesne Family Office 13F holdings
Quarterly SEC 13F-HR filingsCIK 0001536411Latest: Q2 2026
Q4 2020 filing in brief
In its Q4 2020 13F, filed February 16, 2021, Duquesne Family Office reported $3.7B across 56 US positions. The largest: MSFT (15.8%), TMUS (8.5%), AMZN (7.3%), SBUX (5.7%), FCX (4.4%). In the quarter it opened 21 positions, sold out of 26, added to 15 and trimmed 13; positions opened and sold out came to 36.8% of the portfolio's value.
Methodology
Holdings come from the manager’s Form 13F-HR filings on SEC EDGAR, with amendments applied. Values and shares are reported at quarter-end; the filing date is when the report became public. These disclosures show reported long positions and listed options, not the manager’s entire portfolio or its trades since quarter-end.
Quarterly changes compare shares with the immediately preceding quarter on file. New and exited positions appear or disappear; added and trimmed positions change their share count by more than 1%. A share change can also reflect a stock split or other corporate action.
Opened and sold out is the value of new positions plus the prior value of exited positions, divided by the average of the two quarters’ reported portfolio values. It excludes changes to positions still held. Reported value growth includes price changes and is not a measure of investment performance. Largest-five and largest-ten weights exclude options.
Holdings
Filed Feb 16, 2021
- 21 New
- 15 Added
- 13 Trimmed
- 26 Exited
56 positions at December 31, 2020. Q/Q change compares shares with the preceding quarter.
| Row | Ticker | Issuer | Status | ||||
|---|---|---|---|---|---|---|---|
| 1 | MSFT | Microsoft Corp | $587M | 2.6M | 15.80% | −0.3% | Held |
| 2 | TMUS | T-Mobile Us Inc | $315M | 2.3M | 8.49% | +17.3% | Added |
| 3 | AMZN | Amazon Com Inc | $270M | 82.8K | 7.26% | −4.6% | Trimmed |
| 4 | SBUX | Starbucks Corp | $212M | 2.0M | 5.70% | +35.2% | Added |
| 5 | FCX | Freeport-Mcmoran Inc | $164M | 6.3M | 4.40% | −0.5% | Held |
| 6 | PANW | Palo Alto Networks Inc | $163M | 459.1K | 4.39% | +457.8% | Added |
| 7 | SE | Sea Ltd | $152M | 764.7K | 4.10% | −22.1% | Trimmed |
| 8 | PENN | Penn Natl Gaming Inc | $131M | 1.5M | 3.53% | −19.8% | Trimmed |
| 9 | NUANEUR | Nuance Communications Inc | $128M | 2.9M | 3.46% | 0.0% | Held |
| 10 | DIS | Disney Walt Co | $124M | 684.3K | 3.34% | +377.6% | Added |
| 11 | CVNA | Carvana Co | $116M | 486.0K | 3.14% | +428.7% | Added |
| 12 | MELI | Mercadolibre Inc | $106M | 63.3K | 2.86% | −11.0% | Trimmed |
| 13 | RETAEUR | Reata Pharmaceuticals Inc | $93M | 749.9K | 2.50% | +37.9% | Added |
| 14 | ABX | Barrick Gold Corp | $82M | 3.6M | 2.21% | −25.7% | Trimmed |
| 15 | NEE | Nextera Energy Inc | $60M | 779.8K | 1.62% | +261.2% | Added |
| 16 | NET | Cloudflare Inc | $60M | 790.8K | 1.62% | +208.3% | Added |
| 17 | TECK | Teck Resources Ltd | $59M | 3.3M | 1.60% | +395.4% | Added |
| 18 | CCL1EUR | Carnival Corp | $57M | 2.6M | 1.54% | +32.1% | Added |
| 19 | CMI | Cummins Inc | $50M | 219.3K | 1.34% | — | New |
| 20 | — | General Electric Co | $47M | 4.4M | 1.27% | 0.0% | Held |
| 21 | RUN | Sunrun Inc | $46M | 661.5K | 1.24% | — | New |
| 22 | — | Linde Plc | $38M | 144.7K | 1.03% | — | New |
| 23 | ASHR | Dbx Etf Tr | $37M | 915.9K | 0.99% | — | New |
| 24 | IQV | Iqvia Hldgs Inc | $36M | 202.0K | 0.97% | +181.7% | Added |
| 25 | EXPE | Expedia Group Inc | $36M | 270.3K | 0.96% | −14.5% | Trimmed |
| 26 | GOOGL | Alphabet Inc | $33M | 19.0K | 0.90% | −53.8% | Trimmed |
| 27 | ADI | Analog Devices Inc | $32M | 213.3K | 0.85% | +67.3% | Added |
| 28 | — | Flex Ltd | $31M | 1.7M | 0.84% | +143.7% | Added |
| 29 | WDAY | Workday Inc | $29M | 119.1K | 0.77% | −49.6% | Trimmed |
| 30 | SMARGBP | Smartsheet Inc | $28M | 402.4K | 0.75% | −62.4% | Trimmed |
| 31 | SMH | Vaneck Vectors Etf Tr | $27M | 123.9K | 0.73% | — | New |
| 32 | NYT | New York Times Co | $27M | 513.1K | 0.72% | — | New |
| 33 | ABCL | Abcellera Biologics Inc | $27M | 659.8K | 0.72% | — | New |
| 34 | AA | Alcoa Corp | $25M | 1.1M | 0.68% | — | New |
| 35 | FSLR | First Solar Inc | $23M | 231.0K | 0.62% | — | New |
| 36 | ARRY | Array Technologies Inc | $22M | 518.3K | 0.60% | — | New |
| 37 | FWONK | Liberty Media Corp Del | $21M | 485.8K | 0.56% | — | New |
| 38 | ELAN | Elanco Animal Health Inc | $19M | 624.0K | 0.52% | — | New |
| 39 | JD | Jd.Com Inc | $18M | 205.3K | 0.49% | −86.5% | Trimmed |
| 40 | BMRN | Biomarin Pharmaceutical Inc | $17M | 192.7K | 0.46% | 0.0% | Held |
| 41 | CRWD | Crowdstrike Hldgs Inc | $17M | 78.3K | 0.45% | — | New |
| 42 | UBER | Uber Technologies Inc | $16M | 321.7K | 0.44% | +18.5% | Added |
| 43 | LYV | Live Nation Entertainment In | $16M | 214.3K | 0.42% | −56.2% | Trimmed |
| 44 | PYPL | Paypal Hldgs Inc | $16M | 67.2K | 0.42% | −52.5% | Trimmed |
| 45 | FSLY | Fastly Inc | $14M | 157.1K | 0.37% | −12.9% | Trimmed |
| 46 | — | Cyberark Software Ltd | $14M | 84.0K | 0.37% | — | New |
| 47 | DISH | Dish Network Corporationcall option | $12M | 375.6K | 0.33% | — | New |
| 48 | VALE | Vale S A | $12M | 691.0K | 0.31% | — | New |
| 49 | CRC | Canadian Nat Res Ltd | $10M | 411.5K | 0.27% | — | New |
| 50 | HES | Hess Corp | $9M | 166.8K | 0.24% | — | New |
| 51 | — | Arco Platform Ltd Com | $8M | 236.5K | 0.23% | +179.3% | Added |
| 52 | OPCH | Option Care Health Inc | $6M | 388.9K | 0.16% | — | New |
| 53 | USFD | Us Foods Hldg Corp | $5M | 157.2K | 0.14% | — | New |
| 54 | SAIL | Sailpoint Technologies Hldgs | $5M | 88.0K | 0.13% | — | New |
| 55 | — | General Electric Cocall option | $5M | 420.7K | 0.12% | 0.0% | Held |
| 56 | — | Vapotherm Inc | $2M | 77.7K | 0.06% | 0.0% | Held |
26 exited positions
Positions held in the preceding quarter and absent from this filing. Values and shares are from the preceding quarter.
| Ticker | Issuer | Previous value | Previous shares |
|---|---|---|---|
| BABA | Alibaba Group Hldg Ltd | $160M | 545.8K |
| NFLX | Netflix Inc | $139M | 278.4K |
| GDX | Vaneck Vectors Etf Tr | $71M | 1.8M |
| META | Facebook Inc | $54M | 207.9K |
| ALNY | Alnylam Pharmaceuticals Inc | $54M | 368.4K |
| XLI | Select Sector Spdr Tr | $50M | 650.0K |
| FIS | Fidelity Natl Information Sv | $47M | 317.9K |
| BAC | Verizon Communications Inc | $34M | 567.4K |
| BKNG | Booking Holdings Inc | $30M | 17.3K |
| CCL1EUR | Carnival Corpcall option | $28M | 1.8M |
| WEN | Wendys Co | $26M | 1.2M |
| TAL | Tal Education Group | $24M | 312.3K |
| SYF | Synchrony Financial | $23M | 883.6K |
| REGN | Regeneron Pharmaceuticals | $20M | 35.6K |
| LEN | Lennar Corp | $15M | 184.9K |
| YUM | Yum Brands Inc | $14M | 151.1K |
| USB | Us Bancorp Del | $13M | 363.5K |
| SONY | Sony Corp | $13M | 167.3K |
| DISH | Dish Network Corporation | $11M | 392.7K |
| QCOM | Qualcomm Inc | $10M | 82.6K |
| JPM | Jpmorgan Chase & Co | $9M | 98.2K |
| ONC | Beigene Ltd | $9M | 31.0K |
| DIS | Disney Walt Cocall option | $4M | 29.9K |
| LVS | Las Vegas Sands Corp | $4M | 77.9K |
| DHI | D R Horton Inc | $4M | 46.5K |
| ZLAB | Zai Lab Ltd | $2M | 20.6K |
Every quarter on file (53)
From the manager’s Form 13F-HR filings on SEC EDGAR, amendments applied. Long US positions only; not a recommendation.