Duquesne Family Office (Stanley Druckenmiller) latest 13F portfolio: 68 holdings worth $3.4B as of Q1 2026.
Backtested since 2020: mirroring Duquesne Family Office's reported 13F equity holdings each quarter would have returned +383.6% versus +184.1%for the S&P 500 (+28.9% annualized). See the Performance tab for the full equity curve.
Investor: Stanley Druckenmiller
Number of Assets: 68
Reporting Period: Q1 - 2026
Holdings at Report: $3,376,828,000
Return $ Since Report: +$814,033,545
Return % Since Report: +24.11%
Company | Position | Activity | Shares | Port. % | Rep. Price | Curr. Price | Rep. Value | Curr. Value | Return Value | Return % |
|---|---|---|---|---|---|---|---|---|---|---|
| Echostar Corp. (SATS) | Equity | 0% | 60,765 | 0.21% | $117.07 | $103.92 | $7,114,000 | $6,314,395 | -$799,605 | -11.24% |
| Almonty Inds inc (ALM) | Equity | 0% | 469,880 | 0.20% | $14.48 | $13.35 | $6,804,000 | $6,272,898 | -$531,102 | -7.81% |
| Caris Life Sciences Inc. (CAI) | Equity | +100% | 1,894,450 | 1.00% | $17.88 | $21.39 | $33,873,000 | $40,512,813 | +$6,639,813 | +19.60% |
| Coupang Inc. (CPNG) | Equity | -60.62% | 2,667,485 | 1.49% | $18.88 | $16.70 | $50,362,000 | $44,547,000 | -$5,815,000 | -11.55% |
| CRH PLC (CRH) | Equity | -20.51% | 377,555 | 1.18% | $105.12 | $99.59 | $39,689,000 | $37,600,702 | -$2,088,298 | -5.26% |
| Intel Corp. (INTC) | Equity | +100% | 411,400 | 0.54% | $44.13 | $99.71 | $18,155,000 | $41,020,694 | +$22,865,694 | +125.95% |
| Invesco S&P 500 Equal Weight ETF (RSP) | Equity | -30.06% | 821,000 | 4.67% | $191.92 | $220.06 | $157,566,000 | $180,669,260 | +$23,103,260 | +14.66% |
| Ishares MSCI Brazil ETF (EWZ) | Equity | +115.74% | 7,664,170 | 8.71% | $38.39 | $35.56 | $294,228,000 | $272,537,885 | -$21,690,115 | -7.37% |
| Ishares S&P Gsci Commodity-indexed Trust (GSG) | Equity | +100% | 643,000 | 0.61% | $32.25 | $31.21 | $20,737,000 | $20,068,030 | -$668,970 | -3.23% |
| Purecycle Technologies Inc. (PCT) | Equity | -66.54% | 963,189 | 0.15% | $5.19 | $6.92 | $4,999,000 | $6,660,452 | +$1,661,452 | +33.24% |
| Qnity Electronics inc (Q) | Equity | +100% | 125,655 | 0.43% | $115.38 | $137.57 | $14,498,000 | $17,285,730 | +$2,787,730 | +19.23% |
| Sea Limited (SE) | Equity | +16.50% | 1,099,905 | 2.70% | $82.81 | $112.85 | $91,083,000 | $124,124,279 | +$33,041,279 | +36.28% |
| Seagate Technology Holdings PLC (STX) | Equity | +100% | 50,700 | 0.59% | $391.76 | $767.37 | $19,862,000 | $38,905,659 | +$19,043,659 | +95.88% |
| Stmicroelectronics N.V. (STM) | Equity | +237.78% | 2,612,880 | 2.67% | $34.55 | $55.56 | $90,275,000 | $145,171,613 | +$54,896,613 | +60.81% |
| Arm Holdings PLC (ARM) | Equity | +100% | 106,700 | 0.48% | $151.28 | $281.95 | $16,142,000 | $30,084,065 | +$13,942,065 | +86.37% |
| Belite Bio inc (BLTE) | Equity | +100% | 106,100 | 0.50% | $159.44 | $163.47 | $16,917,000 | $17,344,167 | +$427,167 | +2.53% |
| Broadcom Inc. (AVGO) | Equity | +100% | 195,955 | 1.80% | $309.51 | $425.97 | $60,650,000 | $83,470,951 | +$22,820,951 | +37.63% |
| Cleveland-Cliffs Inc. (CLF) | Equity | +32.53% | 2,313,455 | 0.58% | $8.45 | $12.18 | $19,549,000 | $28,177,882 | +$8,628,882 | +44.14% |
| Cloudflare Inc. (NET) | Equity | +100% | 52,535 | 0.32% | $206.34 | $313.76 | $10,840,000 | $16,483,119 | +$5,643,119 | +52.06% |
| Daktronics Inc. (DAKT) | Equity | -34.04% | 562,637 | 0.33% | $19.55 | $21.67 | $11,000,000 | $12,192,344 | +$1,192,344 | +10.84% |
| DBV Technologies S.A. (DBVT) | Equity | +100% | 383,363 | 0.24% | $20.89 | $13.68 | $8,008,000 | $5,244,406 | -$2,763,594 | -34.51% |
| Insmed Inc. (INSM) | Equity | -22.11% | 1,154,090 | 5.59% | $163.52 | $128.68 | $188,717,000 | $148,508,301 | -$40,208,699 | -21.31% |
| Lattice Semiconductor Corp. (LSCC) | Equity | -65.10% | 323,135 | 0.89% | $92.76 | $133.69 | $29,974,000 | $43,199,918 | +$13,225,918 | +44.12% |
| Natera Inc. (NTRA) | Equity | +21.99% | 3,063,606 | 18.14% | $199.99 | $315.06 | $612,691,000 | $965,219,706 | +$352,528,706 | +57.54% |
| Newamsterdam Pharma Company N.V. (NAMS) | Equity | 0% | 3,070,146 | 2.91% | $32.01 | $28.08 | $98,275,000 | $86,209,700 | -$12,065,300 | -12.28% |
| Nuvation Bio Inc. (NUVB) | Equity | +100% | 4,539,800 | 0.58% | $4.29 | $6.38 | $19,476,000 | $28,963,924 | +$9,487,924 | +48.72% |
| Revolution Medicines Inc. (RVMD) | Equity | +100% | 315,860 | 0.91% | $97.25 | $199.11 | $30,717,000 | $62,890,885 | +$32,173,885 | +104.74% |
| Roku Inc. (ROKU) | Equity | +28.68% | 750,190 | 2.10% | $94.62 | $152.08 | $70,983,000 | $114,088,895 | +$43,105,895 | +60.73% |
| Solstice Advanced Matls INC (SOLS) | Equity | +100% | 62,525 | 0.14% | $76.16 | $62.00 | $4,762,000 | $3,876,550 | -$885,450 | -18.59% |
| Stubhub Hldgs INC (STUB) | Equity | -40.71% | 1,367,177 | 0.25% | $6.24 | $9.32 | $8,531,000 | $12,735,254 | +$4,204,254 | +49.28% |
| Twist Bioscience Corp. (TWST) | Equity | +100% | 206,000 | 0.29% | $47.52 | $113.81 | $9,789,000 | $23,443,830 | +$13,654,830 | +139.49% |
| Westlake Corp. (WLK) | Equity | +100% | 21,194 | 0.07% | $116.83 | $79.02 | $2,476,000 | $1,674,750 | -$801,250 | -32.36% |
| Adma Biologics Inc. (ADMA) | Equity | +512.85% | 1,545,610 | 0.41% | $9.01 | $10.13 | $13,926,000 | $15,649,301 | +$1,723,301 | +12.37% |
| Alcoa Corp. (AA) | Equity | +8.53% | 1,493,390 | 2.93% | $66.33 | $49.20 | $99,057,000 | $73,474,788 | -$25,582,212 | -25.83% |
| Bloom Energy Corp. (BE) | Equity | -81.59% | 136,320 | 0.55% | $135.49 | $217.00 | $18,470,000 | $29,580,758 | +$11,110,758 | +60.16% |
| Celestica Inc. (CLS) | Equity | +100% | 33,275 | 0.28% | $281.68 | $309.80 | $9,373,000 | $10,308,595 | +$935,595 | +9.98% |
| Coherent Corp. (COHR) | Equity | +100% | 40,400 | 0.29% | $238.22 | $377.60 | $9,624,000 | $15,255,040 | +$5,631,040 | +58.51% |
| Figure Technology Solutio (FIGR) | Equity | -25.29% | 1,150,415 | 1.16% | $33.95 | $29.79 | $39,057,000 | $34,265,111 | -$4,791,889 | -12.27% |
| Ishares Russell 2000 ETF (IWM) | Equity | +100% | 79,000 | 0.58% | $248.00 | $300.95 | $19,592,000 | $23,775,050 | +$4,183,050 | +21.35% |
| Jabil Inc. (JBL) | Equity | +100% | 82,200 | 0.65% | $265.63 | $344.02 | $21,835,000 | $28,278,033 | +$6,443,033 | +29.51% |
| Micron Technology Inc. (MU) | Equity | +100% | 23,400 | 0.23% | $337.82 | $858.21 | $7,905,000 | $20,082,114 | +$12,177,114 | +154.04% |
| Option Care Health Inc. (OPCH) | Equity | +7.02% | 1,868,550 | 1.49% | $26.92 | $24.08 | $50,301,000 | $44,994,684 | -$5,306,316 | -10.55% |
| Protagonist Therapeutics Inc. (PTGX) | Equity | 0% | 159,700 | 0.50% | $105.40 | $145.75 | $16,832,000 | $23,276,275 | +$6,444,275 | +38.29% |
| SPDR S&P 500 ETF Trust (SPY) | Equity | +100% | 90,000 | 1.73% | $650.34 | $772.71 | $58,531,000 | $69,543,900 | +$11,012,900 | +18.82% |
| Twilio Inc. (TWLO) | Equity | +100% | 181,760 | 0.68% | $125.82 | $244.34 | $22,869,000 | $44,410,330 | +$21,541,330 | +94.19% |
| United Airlines Holdings Inc. (UAL) | Equity | -24.66% | 262,495 | 0.72% | $92.07 | $128.47 | $24,168,000 | $33,722,733 | +$9,554,733 | +39.53% |
| Wave Life Sciences Ltd. (WVE) | Equity | 0% | 173,000 | 0.04% | $7.25 | $6.08 | $1,254,000 | $1,050,975 | -$203,025 | -16.19% |
| Amazon.com Inc. (AMZN) | Equity | -66.69% | 245,800 | 1.52% | $208.27 | $276.41 | $51,193,000 | $67,941,578 | +$16,748,578 | +32.72% |
| BBB Foods Inc. (TBBB) | Equity | +16.23% | 3,109,202 | 3.26% | $35.37 | $40.80 | $109,972,000 | $126,855,442 | +$16,883,442 | +15.35% |
| Global X MSCI Argentina ETF (ARGT) | Equity | +100% | 387,400 | 1.07% | $93.32 | $93.25 | $36,152,000 | $36,123,113 | -$28,887 | -0.08% |
| Humana Inc. (HUM) | Equity | +100% | 137,505 | 0.71% | $173.39 | $382.34 | $23,842,000 | $52,573,662 | +$28,731,662 | +120.51% |
| JBS NV (JBS) | Equity | +100% | 655,900 | 0.35% | $17.96 | $14.27 | $11,780,000 | $9,359,693 | -$2,420,307 | -20.55% |
| Linde PLC (LIN) | Equity | +100% | 41,200 | 0.60% | $495.75 | $492.52 | $20,425,000 | $20,291,618 | -$133,382 | -0.65% |
| Lumentum Holdings Inc. (LITE) | Equity | +100% | 6,963 | 0.14% | $702.71 | $882.69 | $4,893,000 | $6,146,136 | +$1,253,136 | +25.61% |
| Lyondellbasell Industries N.V. (LYB) | Equity | +100% | 131,435 | 0.31% | $80.56 | $60.29 | $10,588,000 | $7,923,559 | -$2,664,441 | -25.16% |
| Mercadolibre Inc. (MELI) | Equity | -94.13% | 2,766 | 0.14% | $1,728.85 | $1,837.89 | $4,782,000 | $5,083,604 | +$301,604 | +6.31% |
| Olema Pharmaceuticals Inc. (OLMA) | Equity | +100% | 986,827 | 0.44% | $14.91 | $12.01 | $14,714,000 | $11,851,792 | -$2,862,208 | -19.45% |
| Restaurant Brands International Inc. (QSR) | Equity | -62.41% | 454,435 | 0.99% | $73.90 | $73.13 | $33,583,000 | $33,232,832 | -$350,168 | -1.04% |
| Sandisk Corp (SNDK) | Equity | +100% | 38,155 | 0.72% | $635.33 | $1,201.78 | $24,241,000 | $45,853,725 | +$21,612,725 | +89.16% |
| Southern Copper Corp. (SCCO) | Equity | +0.85% | 121,843 | 0.62% | $172.06 | $197.01 | $20,964,000 | $24,003,680 | +$3,039,680 | +14.50% |
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | Equity | -8.80% | 495,280 | 4.96% | $337.95 | $415.43 | $167,380,000 | $205,754,170 | +$38,374,170 | +22.93% |
| Teva Pharmaceutical Industries Limited (TEVA) | Equity | -59.53% | 2,377,285 | 2.12% | $30.12 | $35.50 | $71,604,000 | $84,393,618 | +$12,789,618 | +17.86% |
| Unity Software Inc. (U) | Equity | +80.18% | 738,785 | 0.48% | $21.94 | $42.79 | $16,209,000 | $31,612,610 | +$15,403,610 | +95.03% |
| Vista Energy S.A.B. De C.V. (VIST) | Equity | +100% | 134,700 | 0.30% | $75.47 | $65.67 | $10,166,000 | $8,845,749 | -$1,320,251 | -12.99% |
| Woodward Inc. (WWD) | Equity | -64.23% | 211,355 | 2.24% | $357.92 | $363.50 | $75,648,000 | $76,827,543 | +$1,179,543 | +1.56% |
| Xenon Pharmaceuticals Inc. (XENE) | Equity | +100% | 238,600 | 0.41% | $58.15 | $63.33 | $13,875,000 | $15,109,345 | +$1,234,345 | +8.90% |
| YPF Sociedad Anónima (YPF) | Equity | +433.12% | 3,235,962 | 4.43% | $46.22 | $49.45 | $149,566,000 | $160,018,321 | +$10,452,321 | +6.99% |
| Westinghouse Air Brake Technologies Corp. (WAB) | Equity | -68.38% | 94,895 | 0.70% | $249.91 | $293.93 | $23,715,000 | $27,892,013 | +$4,177,013 | +17.61% |