Duquesne Family Office (Stanley Druckenmiller) latest 13F portfolio: 95 holdings worth $4.4B as of Q2 2026.
Backtested since 2020: mirroring Duquesne Family Office's reported 13F equity holdings each quarter would have returned +427.3% versus +186.7%for the S&P 500 (+30.0% annualized). See the Performance tab for the full equity curve.
Investor: Stanley Druckenmiller
Number of Assets: 95
Reporting Period: Q2 - 2026
Holdings at Report: $4,354,220,000
Return $ Since Report: +$277,077,097
Return % Since Report: +6.36%
Company | Position | Activity | Shares | Port. % | Rep. Price | Curr. Price | Rep. Value | Curr. Value | Return Value | Return % |
|---|---|---|---|---|---|---|---|---|---|---|
| Ishares MSCI Brazil ETF (EWZ) | Call | +100% | 4,228,000 | N/A | $34.50 | N/A | $145,866,000 | N/A | N/A | N/A |
| Invesco S&P 500 Equal Weight ETF (RSP) | Call | +100% | 821,000 | N/A | $212.77 | N/A | $174,684,000 | N/A | N/A | N/A |
| Amazon.com Inc. (AMZN) | Call | +100% | 459,300 | N/A | $238.34 | N/A | $109,470,000 | N/A | N/A | N/A |
| Meta Platforms Inc. (META) | Call | +100% | 50,000 | N/A | $563.30 | N/A | $28,165,000 | N/A | N/A | N/A |
| CDW Corporation (CDW) | Call | +100% | 250,000 | N/A | $140.64 | N/A | $35,160,000 | N/A | N/A | N/A |
| Insmed Incorporated (INSM) | Call | +100% | 1,350,000 | N/A | $106.62 | N/A | $143,937,000 | N/A | N/A | N/A |
| Ishares Russell 2000 ETF (IWM) | Call | +100% | 330,000 | N/A | $300.45 | N/A | $99,149,000 | N/A | N/A | N/A |
| SPDR S&P 500 ETF Trust (SPY) | Call | +100% | 90,000 | N/A | $746.77 | N/A | $67,209,000 | N/A | N/A | N/A |
| Tesla Inc. (TSLA) | Call | +100% | 126,000 | N/A | $420.60 | N/A | $52,996,000 | N/A | N/A | N/A |
| 10x Genomics Inc. (TXG) | Equity | +100% | 403,100 | 0.35% | $38.34 | $79.10 | $15,455,000 | $31,885,210 | +$16,430,210 | +106.31% |
| Aeva Technologies Inc. (AEVA) | Equity | +100% | 720,175 | 0.48% | $28.72 | $15.28 | $20,683,000 | $11,004,274 | -$9,678,726 | -46.80% |
| Amazon.com Inc. (AMZN) | Equity | +120.34% | 541,600 | 2.96% | $238.34 | $258.45 | $129,085,000 | $139,976,520 | +$10,891,520 | +8.44% |
| Aurora Innovation Inc. (AUR) | Equity | +100% | 633,700 | 0.10% | $6.82 | $6.51 | $4,322,000 | $4,125,387 | -$196,613 | -4.55% |
| Beam Therapeutics Inc. (BEAM) | Equity | +100% | 153,600 | 0.12% | $34.32 | $25.26 | $5,272,000 | $3,879,936 | -$1,392,064 | -26.40% |
| Caris Life Sciences Inc. (CAI) | Equity | 0% | 1,894,450 | 0.78% | $17.82 | $30.65 | $33,759,000 | $58,064,893 | +$24,305,893 | +72.00% |
| Ccc Intelligent Solutions Holdings Inc. (CCCS) | Equity | +100% | 1,170,900 | 0.14% | $5.16 | $6.50 | $6,042,000 | $7,610,850 | +$1,568,850 | +25.97% |
| Champion Homes Inc. (SKY) | Equity | +100% | 254,400 | 0.51% | $88.12 | $86.49 | $22,418,000 | $22,003,056 | -$414,944 | -1.85% |
| CRH PLC (CRH) | Equity | +46.62% | 553,555 | 1.36% | $107.00 | $87.14 | $59,230,000 | $48,236,783 | -$10,993,217 | -18.56% |
| Danaher Corp. (DHR) | Equity | +100% | 50,300 | 0.22% | $190.48 | $215.84 | $9,581,000 | $10,856,752 | +$1,275,752 | +13.32% |
| Delta Air Lines Inc. (DAL) | Equity | +100% | 603,000 | 1.30% | $93.66 | $82.50 | $56,477,000 | $49,747,500 | -$6,729,500 | -11.92% |
| Equinix Inc. (EQIX) | Equity | +100% | 18,450 | 0.44% | $1,042.38 | $1,057.26 | $19,232,000 | $19,506,447 | +$274,447 | +1.43% |
| Fox Corp. (FOXA) | Equity | +100% | 2,204,600 | 2.64% | $52.16 | $64.79 | $114,992,000 | $142,836,034 | +$27,844,034 | +24.21% |
| Global X MSCI Argentina ETF (ARGT) | Equity | -15.13% | 328,800 | 0.69% | $91.30 | $92.39 | $30,019,000 | $30,377,832 | +$358,832 | +1.20% |
| Hyperliquid Strategies INC (PURR) | Equity | +100% | 2,941,500 | 0.53% | $7.87 | $13.55 | $23,150,000 | $39,857,325 | +$16,707,325 | +72.17% |
| Invesco S&P 500 Equal Weight ETF (RSP) | Equity | -90.94% | 74,400 | 0.36% | $212.77 | $212.68 | $15,830,000 | $15,823,392 | -$6,608 | -0.04% |
| Ishares MSCI Brazil ETF (EWZ) | Equity | -55.17% | 3,436,170 | 2.72% | $34.50 | $38.07 | $118,548,000 | $130,814,992 | +$12,266,992 | +10.35% |
| JBS NV (JBS) | Equity | 0% | 655,900 | 0.18% | $11.85 | $12.03 | $7,772,000 | $7,890,477 | +$118,477 | +1.52% |
| Navitas Semiconductor Corporation (NVTS) | Equity | +100% | 311,100 | 0.13% | $17.92 | $12.16 | $5,575,000 | $3,782,976 | -$1,792,024 | -32.14% |
| Olema Pharmaceuticals Inc. (OLMA) | Equity | 0% | 986,827 | 0.28% | $12.51 | $9.63 | $12,345,000 | $9,503,144 | -$2,841,856 | -23.02% |
| Purecycle Technologies Inc. (PCT) | Equity | +178.39% | 2,681,415 | 0.50% | $8.11 | $5.67 | $21,746,000 | $15,203,623 | -$6,542,377 | -30.09% |
| Reddit Inc. (RDDT) | Equity | +100% | 56,550 | 0.23% | $173.58 | $158.73 | $9,816,000 | $8,976,182 | -$839,818 | -8.56% |
| Revolution Medicines Inc. (RVMD) | Equity | +26.51% | 399,587 | 1.72% | $187.28 | $192.76 | $74,835,000 | $77,024,390 | +$2,189,390 | +2.93% |
| Rocket Companies Inc. (RKT) | Equity | +100% | 652,220 | 0.24% | $15.75 | $12.36 | $10,272,000 | $8,061,439 | -$2,210,561 | -21.52% |
| Sea Limited (SE) | Equity | 0% | 1,099,905 | 2.42% | $95.83 | $102.65 | $105,404,000 | $112,905,248 | +$7,501,248 | +7.12% |
| Solstice Advanced Matls INC (SOLS) | Equity | 0% | 62,525 | 0.13% | $88.60 | $57.69 | $5,540,000 | $3,607,067 | -$1,932,933 | -34.89% |
| Stmicroelectronics N.V. (STM) | Equity | +18.75% | 3,102,880 | 5.34% | $74.89 | $51.63 | $232,375,000 | $160,201,694 | -$72,173,306 | -31.06% |
| Teva Pharmaceutical Industries Limited (TEVA) | Equity | -73.71% | 624,999 | 0.49% | $33.88 | $40.06 | $21,175,000 | $25,037,460 | +$3,862,460 | +18.24% |
| Unity Software Inc. (U) | Equity | 0% | 738,785 | 0.48% | $28.58 | $43.21 | $21,114,000 | $31,922,900 | +$10,808,900 | +51.19% |
| Adma Biologics Inc. (ADMA) | Equity | +80.13% | 2,784,110 | 0.54% | $8.37 | $9.51 | $23,303,000 | $26,462,966 | +$3,159,966 | +13.56% |
| Alcoa Corp. (AA) | Equity | -87.57% | 185,640 | 0.22% | $52.14 | $44.64 | $9,679,000 | $8,286,970 | -$1,392,030 | -14.38% |
| Baidu Inc. (BIDU) | Equity | +100% | 88,200 | 0.23% | $114.29 | $92.21 | $10,080,000 | $8,132,922 | -$1,947,078 | -19.32% |
| Belite Bio inc (BLTE) | Equity | 0% | 106,100 | 0.38% | $153.99 | $173.40 | $16,338,000 | $18,397,740 | +$2,059,740 | +12.61% |
| Carvana Co. (CVNA) | Equity | +100% | 151,000 | 0.23% | $65.82 | $67.18 | $9,939,000 | $10,144,180 | +$205,180 | +2.06% |
| Cdw Corp. (CDW) | Equity | +100% | 743,950 | 2.40% | $140.64 | $146.41 | $104,629,000 | $108,921,720 | +$4,292,719 | +4.10% |
| Cleveland-Cliffs Inc. (CLF) | Equity | +82.25% | 4,216,184 | 0.91% | $9.39 | $12.07 | $39,590,000 | $50,889,341 | +$11,299,341 | +28.54% |
| D.R. Horton Inc. (DHI) | Equity | +100% | 299,000 | 1.12% | $162.88 | $139.25 | $48,701,000 | $41,635,750 | -$7,065,250 | -14.51% |
| DBV Technologies S.A. (DBVT) | Equity | 0% | 383,363 | 0.14% | $16.40 | $12.10 | $6,287,000 | $4,638,692 | -$1,648,308 | -26.22% |
| Eli Lilly And Company (LLY) | Equity | +100% | 12,380 | 0.34% | $1,199.43 | $1,164.89 | $14,849,000 | $14,421,338 | -$427,662 | -2.88% |
| F5 Inc. (FFIV) | Equity | +100% | 22,000 | 0.21% | $415.95 | $450.10 | $9,151,000 | $9,902,200 | +$751,200 | +8.21% |
| Fox Corp. (FOX) | Equity | +100% | 632,600 | 0.68% | $46.84 | $57.90 | $29,631,000 | $36,627,540 | +$6,996,540 | +23.61% |
| Grupo Financiero Galicia S.A. (GGAL) | Equity | +100% | 59,500 | 0.07% | $50.03 | $41.76 | $2,977,000 | $2,484,720 | -$492,280 | -16.54% |
| Insmed Inc. (INSM) | Equity | +23.45% | 1,424,690 | 3.49% | $106.62 | $121.00 | $151,900,000 | $172,387,490 | +$20,487,490 | +13.49% |
| Lam Research Corp. (LRCX) | Equity | +100% | 43,600 | 0.43% | $433.33 | $302.28 | $18,893,000 | $13,179,408 | -$5,713,592 | -30.24% |
| Monte Rosa Therapeutics Inc. (GLUE) | Equity | +100% | 297,600 | 0.17% | $24.20 | $12.26 | $7,202,000 | $3,648,576 | -$3,553,424 | -49.34% |
| Newamsterdam Pharma Company N.V. (NAMS) | Equity | 0% | 3,070,146 | 2.39% | $33.89 | $22.58 | $104,047,000 | $69,323,897 | -$34,723,103 | -33.37% |
| Palo Alto Networks Inc. (PANW) | Equity | +100% | 116,650 | 0.91% | $341.02 | $371.76 | $39,780,000 | $43,365,804 | +$3,585,804 | +9.01% |
| Qnity Electronics inc (Q) | Equity | 0% | 125,655 | 0.47% | $163.31 | $121.82 | $20,521,000 | $15,307,292 | -$5,213,708 | -25.41% |
| Relay Therapeutics Inc. (RLAY) | Equity | +100% | 349,000 | 0.15% | $18.71 | $18.19 | $6,530,000 | $6,348,310 | -$181,690 | -2.78% |
| Rhythm Pharmaceuticals Inc. (RYTM) | Equity | +100% | 203,618 | 0.52% | $111.03 | $98.83 | $22,608,000 | $20,123,567 | -$2,484,433 | -10.99% |
| Roku Inc. (ROKU) | Equity | -75.47% | 184,055 | 0.58% | $138.14 | $154.33 | $25,425,000 | $28,405,208 | +$2,980,208 | +11.72% |
| Advanced Micro Devices Inc. (AMD) | Equity | +100% | 72,900 | 0.97% | $580.91 | $615.52 | $42,348,000 | $44,871,408 | +$2,523,408 | +5.96% |
| Alphabet Inc. (GOOGL) | Equity | +100% | 336,300 | 2.76% | $357.37 | $354.97 | $120,184,000 | $119,376,411 | -$807,589 | -0.67% |
| Arm Holdings PLC (ARM) | Equity | -73.67% | 28,090 | 0.23% | $354.57 | $322.90 | $9,960,000 | $9,070,261 | -$889,739 | -8.93% |
| BBB Foods Inc. (TBBB) | Equity | -6.67% | 2,901,733 | 2.78% | $41.67 | $52.47 | $120,915,000 | $152,253,931 | +$31,338,931 | +25.92% |
| Bitdeer Technologies Group (BTDR) | Equity | +100% | 4,074,993 | 1.49% | $15.87 | $13.14 | $64,670,000 | $53,545,408 | -$11,124,592 | -17.20% |
| Cavco Industries Inc. (CVCO) | Equity | +100% | 39,500 | 0.56% | $614.38 | $543.39 | $24,268,000 | $21,463,905 | -$2,804,095 | -11.55% |
| Coupang Inc. (CPNG) | Equity | 0% | 2,667,485 | 1.06% | $17.37 | $14.62 | $46,334,000 | $38,998,631 | -$7,335,369 | -15.83% |
| Definium Therapeutics INC (DFTX) | Equity | +100% | 356,600 | 0.39% | $47.04 | $39.28 | $16,774,000 | $14,007,248 | -$2,766,752 | -16.49% |
| Entegris Inc. (ENTG) | Equity | +100% | 118,300 | 0.49% | $179.86 | $143.14 | $21,277,000 | $16,933,462 | -$4,343,538 | -20.41% |
| Fluor Corp. (FLR) | Equity | +100% | 982,200 | 1.18% | $52.39 | $54.74 | $51,457,000 | $53,765,628 | +$2,308,628 | +4.49% |
| Ftai Aviation Ltd. (FTAI) | Equity | +100% | 20,200 | 0.13% | $270.54 | $192.74 | $5,465,000 | $3,893,348 | -$1,571,652 | -28.76% |
| Hut 8 Corp. (HUT) | Equity | +100% | 314,150 | 0.83% | $115.44 | $103.42 | $36,267,000 | $32,489,393 | -$3,777,607 | -10.42% |
| Iren Limited (IREN) | Equity | +100% | 87,100 | 0.09% | $45.73 | $47.23 | $3,983,000 | $4,113,733 | +$130,733 | +3.28% |
| Linde PLC (LIN) | Equity | 0% | 41,200 | 0.49% | $518.93 | $457.50 | $21,380,000 | $18,849,000 | -$2,531,000 | -11.84% |
| Natera Inc. (NTRA) | Equity | +4.01% | 3,186,306 | 19.86% | $271.45 | $370.64 | $864,923,000 | $1,180,972,456 | +$316,049,456 | +36.54% |
| Nuvation Bio Inc. (NUVB) | Equity | 0% | 4,539,800 | 0.59% | $5.68 | $6.07 | $25,786,000 | $27,556,586 | +$1,770,586 | +6.87% |
| Protagonist Therapeutics Inc. (PTGX) | Equity | +30.81% | 208,900 | 0.59% | $122.58 | $144.98 | $25,607,000 | $30,286,322 | +$4,679,322 | +18.27% |
| Rambus Inc. (RMBS) | Equity | +100% | 173,000 | 0.53% | $132.74 | $96.96 | $22,964,000 | $16,774,080 | -$6,189,920 | -26.95% |
| Repligen Corp. (RGEN) | Equity | +100% | 77,400 | 0.24% | $136.43 | $180.71 | $10,560,000 | $13,986,954 | +$3,426,954 | +32.45% |
| Riot Platforms Inc. (RIOT) | Equity | +100% | 754,800 | 0.47% | $27.38 | $24.18 | $20,666,000 | $18,251,064 | -$2,414,936 | -11.69% |
| Sandisk Corp (SNDK) | Equity | -8.53% | 34,900 | 1.82% | $2,273.72 | $1,766.64 | $79,353,000 | $61,655,736 | -$17,697,264 | -22.30% |
| Skeena Resources Limited (SKE) | Equity | +100% | 300,200 | 0.18% | $26.66 | $31.80 | $8,003,000 | $9,546,360 | +$1,543,360 | +19.28% |
| United Airlines Holdings Inc. (UAL) | Equity | +202.78% | 794,795 | 2.48% | $135.99 | $114.39 | $108,084,000 | $90,916,600 | -$17,167,400 | -15.88% |
| Vista Energy S.A.B. De C.V. (VIST) | Equity | 0% | 134,700 | 0.20% | $63.80 | $70.33 | $8,594,000 | $9,473,451 | +$879,451 | +10.23% |
| Woodward Inc. (WWD) | Equity | -68.21% | 67,194 | 0.66% | $425.44 | $325.16 | $28,587,000 | $21,848,801 | -$6,738,199 | -23.57% |
| Seagate Technology Holdings PLC (STX) | Equity | +140.63% | 122,000 | 2.70% | $965.00 | $877.33 | $117,730,000 | $107,033,650 | -$10,696,350 | -9.09% |
| Southern Copper Corp. (SCCO) | Equity | +1.00% | 123,060 | 0.49% | $174.26 | $198.06 | $21,444,000 | $24,373,264 | +$2,929,264 | +13.66% |
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | Equity | +19.06% | 589,680 | 6.47% | $477.57 | $445.14 | $281,613,000 | $262,490,155 | -$19,122,845 | -6.79% |
| Thermo Fisher Scientific Inc. (TMO) | Equity | +100% | 19,200 | 0.22% | $501.35 | $658.76 | $9,626,000 | $12,648,192 | +$3,022,192 | +31.40% |
| UWM Holdings Corporation (UWMC) | Equity | +100% | 2,583,000 | 0.14% | $2.29 | $1.26 | $5,915,000 | $3,254,580 | -$2,660,420 | -44.98% |
| Wave Life Sciences Ltd. (WVE) | Equity | 0% | 173,000 | 0.02% | $5.81 | $4.26 | $1,005,000 | $736,115 | -$268,885 | -26.75% |
| YPF Sociedad Anónima (YPF) | Equity | -3.00% | 3,138,897 | 3.28% | $45.47 | $53.18 | $142,726,000 | $166,926,542 | +$24,200,542 | +16.96% |
| Westinghouse Air Brake Technologies Corp. (WAB) | Equity | -40.36% | 56,595 | 0.35% | $269.60 | $283.38 | $15,258,000 | $16,037,891 | +$779,891 | +5.11% |
| Xenon Pharmaceuticals Inc. (XENE) | Equity | 0% | 238,600 | 0.33% | $60.36 | $38.99 | $14,402,000 | $9,303,014 | -$5,098,986 | -35.40% |
| Daktronics Inc. (DAKT) | Equity | +99.62% | 1,123,109 | 0.50% | $19.56 | $17.66 | $21,968,000 | $19,834,105 | -$2,133,895 | -9.71% |