Duquesne Family Office (Druckenmiller)

CIK: 0001536411 · Filing period: 2025-12-31

Bold Strategists

Stanley Druckenmiller may have the best long-term record in investing — roughly 30% a year for 30 years, reportedly without a single losing year.

1.6×

Trust Weight

Positions

In our model

New

Increasing

Decreasing

Unchanged

In Our Model Portfolio

These holdings also appear in the Big Money Radar model

AMZN 4.0% GOOGL 2.9%

Recent Moves

What Duquesne Family Office opened, added to, or trimmed in their latest 13F — 68 position changes

NTRA NATERA INC ▲ Added +4% 19.9% of port. TSM TAIWAN SEMICONDUCTOR MANUFAC ▲ Added +19% 6.5% of port. STM STMICROELECTRONICS N V ▲ Added +19% 5.3% of port. IM8N INSMED INC ▲ Added +23% 3.5% of port. YPF YPF SOCIEDAD ANONIMA ▼ Trimmed -3% 3.3% of port. AMZN AMAZON COM INC ▲ Added +1082% 3.0% of port. — BBB FOODS INC ▼ Trimmed -7% 2.8% of port. GOOGL ALPHABET INC ● New 2.8% of port. STX SEAGATE TECHNOLOGY HLDNGS PL ▲ Added +141% 2.7% of port. FOXA FOX CORP ● New 2.6% of port.

Top 10 positions (% of portfolio)

Sector breakdown

All Holdings

58 positions, sorted by portfolio weight

← swipe to see all columns

#	Company	Ticker	Sector	% of Portfolio	Activity	Change
1	NATERA INC	NTRA	Other	13.6%	▼ Decreasing	-22%
2	SELECT SECTOR SPDR TR	XLF	Other	7.1%	● New	NEW
3	INSMED INC	IM8N	Other	6.1%	▼ Decreasing	-39%
4	INVESCO EXCHANGE TRADED FD T	RSP	Other	5.3%	● New	NEW
5	TEVA PHARMACEUTICAL INDS LTD	TEVA	Other	4.3%	▼ Decreasing	-65%
6	WOODWARD INC	WWD	Other	4.2%	▼ Decreasing	-7%
7	AMAZON COM INC	AMZN	Consumer	4.0%	▲ Increasing	+69%
8	TAIWAN SEMICONDUCTOR MFG LTD	TSM	Technology	3.9%	▼ Decreasing	-29%
9	COUPANG INC	CPNG	Other	3.8%	▲ Increasing	+46%
10	ALPHABET INC	GOOGL	Technology	2.9%	▲ Increasing	+277%
11	SEA LTD	SE	Communications	2.9%	▲ Increasing	+244%
12	ISHARES INC	EWZ	Other	2.7%	● New	NEW
13	NEWAMSTERDAM PHARMA COMPANY	—	Other	2.5%	▲ Increasing	+60%
14	MERCADOLIBRE INC	MLB1	Other	2.2%	▼ Decreasing	-19%
15	BBB FOODS INC	—	Other	2.1%	▲ Increasing	+126%
16	RESTAURANT BRANDS INTL INC	QSR	Consumer	1.9%	▲ Increasing	+7%
17	COGENT BIOSCIENCES INC	COGT	Other	1.9%	▲ Increasing	+109%
18	ALCOA CORP	AA	Other	1.7%	● New	NEW
19	ENTEGRIS INC	ENQ	Other	1.7%	● New	NEW
20	DOCUSIGN INC	DOCU	Other	1.6%	▼ Decreasing	-40%
21	LATTICE SEMICONDUCTOR CORP	LSCC	Other	1.6%	● New	NEW
22	BLOOM ENERGY CORP	BE	Other	1.5%	● New	NEW
23	WABTEC	WAB	Other	1.5%	— Unchanged	-1%
24	ROKU INC	ROKU	Other	1.5%	▼ Decreasing	-29%
25	FIGURE TECHNOLOGY SOLUTIO	FIGR	Other	1.5%	▼ Decreasing	-27%
26	CRH PLC	CRH	Industrials	1.4%	▲ Increasing	+21%
27	OPTION CARE HEALTH INC	OPCH	Other	1.3%	▲ Increasing	+79%
28	ISHARES TR	EEM	Other	1.2%	▼ Decreasing	-52%
29	DELTA AIR LINES INC DEL	DAL	Other	1.1%	● New	NEW
30	UNITED AIRLS HLDGS INC	UAL	Other	0.9%	● New	NEW
31	STUBHUB HLDGS INC	STUB	Other	0.7%	▼ Decreasing	-46%
32	ON SEMICONDUCTOR CORP	ON	Other	0.7%	● New	NEW
33	FLUTTER ENTMT PLC	—	Other	0.6%	— Unchanged	—
34	PURECYCLE TECHNOLOGIES INC	PCT	Other	0.6%	▲ Increasing	+25%
35	AEVA TECHNOLOGIES INC	AEVA	Other	0.6%	— Unchanged	-1%
36	GOLDMAN SACHS GROUP INC	GS	Other	0.6%	● New	NEW
37	CLEVELAND-CLIFFS INC NEW	CLF	Other	0.6%	▼ Decreasing	-36%
38	YPF SOCIEDAD ANONIMA	YPF	Other	0.5%	▲ Increasing	+429%
39	STMICROELECTRONICS N V	STM	Other	0.5%	● New	NEW
40	UNITY SOFTWARE INC	U	Other	0.4%	▼ Decreasing	-54%
41	SOUTHERN COPPER CORP	SCCO	Other	0.4%	● New	NEW
42	DAKTRONICS INC	DAKT	Other	0.4%	▼ Decreasing	-41%
43	RH	RH	Other	0.4%	● New	NEW
44	CHIPOTLE MEXICAN GRILL INC	CMG	Other	0.3%	▲ Increasing	+68%
45	PROTAGONIST THERAPEUTICS INC	PTGX	Other	0.3%	— Unchanged	—
46	ZILLOW GROUP INC	Z	Other	0.3%	● New	NEW
47	CIDARA THERAPEUTICS INC	CDTX	Other	0.3%	● New	NEW
48	PHILIP MORRIS INTL INC	PM	Other	0.3%	● New	NEW
49	AMERICAN AIRLS GROUP INC	AAL	Other	0.2%	● New	NEW
50	ARGAN INC	AGX	Other	0.2%	● New	NEW
… and 8 more positions

#1 NATERA INC 13.6%

NTRA · Other ▼ Decreasing -22%

#2 SELECT SECTOR SPDR TR 7.1%

XLF · Other ● New

#3 INSMED INC 6.1%

IM8N · Other ▼ Decreasing -39%

#4 INVESCO EXCHANGE TRADED FD T 5.3%

RSP · Other ● New

#5 TEVA PHARMACEUTICAL INDS LTD 4.3%

TEVA · Other ▼ Decreasing -65%

#6 WOODWARD INC 4.2%

WWD · Other ▼ Decreasing -7%

#7 AMAZON COM INC 4.0%

AMZN · Consumer ▲ Increasing +69%

#8 TAIWAN SEMICONDUCTOR MFG LTD 3.9%

TSM · Technology ▼ Decreasing -29%

#9 COUPANG INC 3.8%

CPNG · Other ▲ Increasing +46%

#10 ALPHABET INC 2.9%

GOOGL · Technology ▲ Increasing +277%

#11 SEA LTD 2.9%

SE · Communications ▲ Increasing +244%

#12 ISHARES INC 2.7%

EWZ · Other ● New

#13 NEWAMSTERDAM PHARMA COMPANY 2.5%

Other ▲ Increasing +60%

#14 MERCADOLIBRE INC 2.2%

MLB1 · Other ▼ Decreasing -19%

#15 BBB FOODS INC 2.1%

Other ▲ Increasing +126%

#16 RESTAURANT BRANDS INTL INC 1.9%

QSR · Consumer ▲ Increasing +7%

#17 COGENT BIOSCIENCES INC 1.9%

COGT · Other ▲ Increasing +109%

#18 ALCOA CORP 1.7%

AA · Other ● New

#19 ENTEGRIS INC 1.7%

ENQ · Other ● New

#20 DOCUSIGN INC 1.6%

DOCU · Other ▼ Decreasing -40%

#21 LATTICE SEMICONDUCTOR CORP 1.6%

LSCC · Other ● New

#22 BLOOM ENERGY CORP 1.5%

BE · Other ● New

#23 WABTEC 1.5%

WAB · Other — Unchanged

#24 ROKU INC 1.5%

ROKU · Other ▼ Decreasing -29%

#25 FIGURE TECHNOLOGY SOLUTIO 1.5%

FIGR · Other ▼ Decreasing -27%

#26 CRH PLC 1.4%

CRH · Industrials ▲ Increasing +21%

#27 OPTION CARE HEALTH INC 1.3%

OPCH · Other ▲ Increasing +79%

#28 ISHARES TR 1.2%

EEM · Other ▼ Decreasing -52%

#29 DELTA AIR LINES INC DEL 1.1%

DAL · Other ● New

#30 UNITED AIRLS HLDGS INC 0.9%

UAL · Other ● New

#31 STUBHUB HLDGS INC 0.7%

STUB · Other ▼ Decreasing -46%

#32 ON SEMICONDUCTOR CORP 0.7%

ON · Other ● New

#33 FLUTTER ENTMT PLC 0.6%

Other — Unchanged

#34 PURECYCLE TECHNOLOGIES INC 0.6%

PCT · Other ▲ Increasing +25%

#35 AEVA TECHNOLOGIES INC 0.6%

AEVA · Other — Unchanged

#36 GOLDMAN SACHS GROUP INC 0.6%

GS · Other ● New

#37 CLEVELAND-CLIFFS INC NEW 0.6%

CLF · Other ▼ Decreasing -36%

#38 YPF SOCIEDAD ANONIMA 0.5%

YPF · Other ▲ Increasing +429%

#39 STMICROELECTRONICS N V 0.5%

STM · Other ● New

#40 UNITY SOFTWARE INC 0.4%

U · Other ▼ Decreasing -54%

#41 SOUTHERN COPPER CORP 0.4%

SCCO · Other ● New

#42 DAKTRONICS INC 0.4%

DAKT · Other ▼ Decreasing -41%

#43 RH 0.4%

RH · Other ● New

#44 CHIPOTLE MEXICAN GRILL INC 0.3%

CMG · Other ▲ Increasing +68%

#45 PROTAGONIST THERAPEUTICS INC 0.3%

PTGX · Other — Unchanged

#46 ZILLOW GROUP INC 0.3%

Z · Other ● New

#47 CIDARA THERAPEUTICS INC 0.3%

CDTX · Other ● New

#48 PHILIP MORRIS INTL INC 0.3%

PM · Other ● New

#49 AMERICAN AIRLS GROUP INC 0.2%

AAL · Other ● New

#50 ARGAN INC 0.2%

AGX · Other ● New

… and 8 more positions

⚠ Disclaimer: Holdings data from SEC EDGAR 13F filings for Duquesne Family Office (Druckenmiller), delayed up to 135 days after quarter-end. This is not investment advice. The investor may have already changed these positions.

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