Stanley Druckenmiller’s portfolio: Duquesne Family Office 13F holdings
Quarterly SEC 13F-HR filingsCIK 0001536411Latest: Q2 2026
Q1 2026 filing in brief
In its Q1 2026 13F, filed May 15, 2026, Duquesne Family Office reported $3.4B across 70 US positions. The largest: NTRA (18.1%), INSM (5.6%), TSM (5.0%), YPF (4.4%), EWZ (3.9%). In the quarter it opened 31 positions, sold out of 23, added to 12 and trimmed 19; positions opened and sold out came to 47.1% 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 May 15, 2026
- 31 New
- 12 Added
- 19 Trimmed
- 23 Exited
70 positions at March 31, 2026. Q/Q change compares shares with the preceding quarter.
| Row | Ticker | Issuer | Status | ||||
|---|---|---|---|---|---|---|---|
| 1 | NTRA | Natera Inc | $613M | 3.1M | 18.14% | +22.0% | Added |
| 2 | INSM | Insmed Inc | $189M | 1.2M | 5.59% | −22.1% | Trimmed |
| 3 | TSM | Taiwan Semiconductor Manufac | $167M | 495.3K | 4.96% | −8.8% | Trimmed |
| 4 | EWZ | Ishares Inccall option | $162M | 4.2M | 4.81% | 0.0% | Held |
| 5 | RSP | Invesco Exchange Traded Fd Tcall option | $158M | 821.0K | 4.67% | — | New |
| 6 | YPF | Ypf Sociedad Anonima | $150M | 3.2M | 4.43% | +433.1% | Added |
| 7 | EWZ | Ishares Inc | $132M | 3.4M | 3.91% | −3.3% | Trimmed |
| 8 | — | Bbb Foods Inc | $110M | 3.1M | 3.26% | +16.2% | Added |
| 9 | AA | Alcoa Corp | $99M | 1.5M | 2.93% | +8.5% | Added |
| 10 | — | Newamsterdam Pharma Company | $98M | 3.1M | 2.91% | 0.0% | Held |
| 11 | SE | Sea Ltd | $91M | 1.1M | 2.70% | +16.5% | Added |
| 12 | STM | Stmicroelectronics N V | $90M | 2.6M | 2.67% | +237.8% | Added |
| 13 | WWD | Woodward Inc | $76M | 211.4K | 2.24% | −64.2% | Trimmed |
| 14 | TEVA | Teva Pharmaceutical Inds Ltd | $72M | 2.4M | 2.12% | −59.5% | Trimmed |
| 15 | ROKU | Roku Inc | $71M | 750.2K | 2.10% | +28.7% | Added |
| 16 | AVGO | Broadcom Inc | $61M | 196.0K | 1.80% | — | New |
| 17 | SPY | State Str Spdr S&P 500 Etf Tcall option | $59M | 90.0K | 1.73% | 0.0% | Held |
| 18 | CPNG | Coupang Inc | $50M | 2.7M | 1.49% | −60.6% | Trimmed |
| 19 | OPCH | Option Care Health Inc | $50M | 1.9M | 1.49% | +7.0% | Added |
| 20 | AMZN | Amazon Com Inccall option | $42M | 200.0K | 1.23% | +100.0% | Added |
| 21 | — | Crh Plc | $40M | 377.6K | 1.18% | −20.5% | Trimmed |
| 22 | FIGR | Figure Technology Solutio | $39M | 1.2M | 1.16% | −25.3% | Trimmed |
| 23 | ARGT | Global X Fds | $36M | 387.4K | 1.07% | — | New |
| 24 | CAI | Caris Life Sciences Inc | $34M | 1.9M | 1.00% | — | New |
| 25 | QSR | Restaurant Brands Intl Inc | $34M | 454.4K | 0.99% | −62.4% | Trimmed |
| 26 | RVMD | Revolution Medicines Inc | $31M | 315.9K | 0.91% | — | New |
| 27 | LSCC | Lattice Semiconductor Corp | $30M | 323.1K | 0.89% | −65.1% | Trimmed |
| 28 | SNDK | Sandisk Corp | $24M | 38.2K | 0.72% | — | New |
| 29 | UAL | United Airls Hldgs Inc | $24M | 262.5K | 0.72% | −24.7% | Trimmed |
| 30 | HUM | Humana Inc | $24M | 137.5K | 0.71% | — | New |
| 31 | WAB | Wabtec | $24M | 94.9K | 0.70% | −68.4% | Trimmed |
| 32 | TWLO | Twilio Inc | $23M | 181.8K | 0.68% | — | New |
| 33 | JBL | Jabil Inc | $22M | 82.2K | 0.65% | — | New |
| 34 | SCCO | Southern Copper Corp | $21M | 121.8K | 0.62% | +0.8% | Held |
| 35 | GSG | Ishares S&P Gsci Commodity- | $21M | 643.0K | 0.61% | — | New |
| 36 | — | Linde Plc | $20M | 41.2K | 0.60% | — | New |
| 37 | — | Seagate Technology Hldngs Pl | $20M | 50.7K | 0.59% | — | New |
| 38 | IWM | Ishares Trcall option | $20M | 79.0K | 0.58% | −65.0% | Trimmed |
| 39 | CLF | Cleveland-Cliffs Inc New | $20M | 2.3M | 0.58% | +32.5% | Added |
| 40 | NUVB | Nuvation Bio Inc | $19M | 4.5M | 0.58% | — | New |
| 41 | BE | Bloom Energy Corp | $18M | 136.3K | 0.55% | −81.6% | Trimmed |
| 42 | INTC | Intel Corp | $18M | 411.4K | 0.54% | — | New |
| 43 | BLTE | Belite Bio Inc Sponsored | $17M | 106.1K | 0.50% | — | New |
| 44 | PTGX | Protagonist Therapeutics Inc | $17M | 159.7K | 0.50% | 0.0% | Held |
| 45 | U | Unity Software Inc | $16M | 738.8K | 0.48% | +80.2% | Added |
| 46 | ARM | Arm Holdings Plc | $16M | 106.7K | 0.48% | — | New |
| 47 | OLMA | Olema Pharmaceuticals Inc | $15M | 986.8K | 0.44% | — | New |
| 48 | Q | Qnity Electronics Inc | $14M | 125.7K | 0.43% | — | New |
| 49 | ADMA | Adma Biologics Inc | $14M | 1.5M | 0.41% | +512.9% | Added |
| 50 | XENE | Xenon Pharmaceuticals Inc | $14M | 238.6K | 0.41% | — | New |
| 51 | — | Jbs N.V. | $12M | 655.9K | 0.35% | — | New |
| 52 | DAKT | Daktronics Inc | $11M | 562.6K | 0.33% | −34.0% | Trimmed |
| 53 | NET | Cloudflare Inc | $11M | 52.5K | 0.32% | — | New |
| 54 | — | Lyondellbasell Industries Nv | $11M | 131.4K | 0.31% | — | New |
| 55 | VIST | Vista Energy S.A.B. De C.V. | $10M | 134.7K | 0.30% | — | New |
| 56 | TWST | Twist Bioscience Corp | $10M | 206.0K | 0.29% | — | New |
| 57 | COHR | Coherent Corp | $10M | 40.4K | 0.29% | — | New |
| 58 | AMZN | Amazon Com Inc | $10M | 45.8K | 0.28% | −93.8% | Trimmed |
| 59 | CLS | Celestica Inc | $9M | 33.3K | 0.28% | — | New |
| 60 | STUB | Stubhub Hldgs Inc | $9M | 1.4M | 0.25% | −40.7% | Trimmed |
| 61 | DBVT | Dbv Technologies S A Sponsored | $8M | 383.4K | 0.24% | — | New |
| 62 | MU | Micron Technology Inc | $8M | 23.4K | 0.23% | — | New |
| 63 | SATS | Echostar Corp | $7M | 60.8K | 0.21% | 0.0% | Held |
| 64 | ALM | Almonty Inds Inc | $7M | 469.9K | 0.20% | 0.0% | Held |
| 65 | PCT | Purecycle Technologies Inc | $5M | 963.2K | 0.15% | −66.5% | Trimmed |
| 66 | LITE | Lumentum Hldgs Inc | $5M | 7.0K | 0.14% | — | New |
| 67 | MELI | Mercadolibre Inc | $5M | 2.8K | 0.14% | −94.1% | Trimmed |
| 68 | SOLS | Solstice Advanced Matls Inc | $5M | 62.5K | 0.14% | — | New |
| 69 | WLK | Westlake Corporation | $2M | 21.2K | 0.07% | — | New |
| 70 | — | Wave Life Sciences Ltd | $1M | 173.0K | 0.04% | 0.0% | Held |
23 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 |
|---|---|---|---|
| XLF | Select Sector Spdr Tr | $301M | 5.5M |
| RSP | Invesco Exchange Traded Fd T | $225M | 1.2M |
| GOOGL | Alphabet Inc | $121M | 385.0K |
| COGT | Cogent Biosciences Inc | $79M | 2.2M |
| ENTG | Entegris Inc | $71M | 844.2K |
| DOCU | Docusign Inc | $70M | 1.0M |
| EEM | Ishares Tr | $49M | 902.5K |
| DAL | Delta Air Lines Inc Del | $45M | 650.9K |
| ON | On Semiconductor Corp | $29M | 536.3K |
| FLUT | Flutter Entmt Plc | $25M | 115.2K |
| AEVA | Aeva Technologies Inc | $24M | 1.8M |
| GS | Goldman Sachs Group Inc | $24M | 27.5K |
| RH | Rh | $16M | 88.2K |
| CMG | Chipotle Mexican Grill Inc | $15M | 391.9K |
| Z | Zillow Group Inc | $13M | 192.6K |
| CDTX | Cidara Therapeutics Inc | $11M | 49.5K |
| PM | Philip Morris Intl Inc | $11M | 67.4K |
| AAL | American Airls Group Inc | $10M | 639.8K |
| AGX | Argan Inc | $9M | 30.0K |
| DASH | Doordash Inc | $8M | 35.9K |
| PGNY | Progyny Inc | $8M | 295.1K |
| WOLF | Wolfspeed Inc | $3M | 186.9K |
| NP | Neptune Ins Hldgs Inc | $583K | 20.0K |
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.