Stanley Druckenmiller Portfolio: Duquesne 13F Holdings
Duquesne Family Office 13F holdings, quarter ended June 30, 2026
| Security | Position type | Shares | Reported value | Weight |
|---|---|---|---|---|
| NTRA Natera Inc | Shares | 3,186,306 | $864.9 million | 16.6% |
| TSM Taiwan Semiconductor Manufac | Shares | 589,680 | $281.6 million | 5.4% |
| STM Stmicroelectronics N V | Shares | 3,102,880 | $232.4 million | 4.5% |
| RSP Invesco Exchange Traded Fd T | Call options | 821,000 | $174.7 million | 3.4% |
| INSM Insmed Inc | Shares | 1,424,690 | $151.9 million | 2.9% |
| EWZ Ishares Inc | Call options | 4,228,000 | $145.9 million | 2.8% |
| INSM Insmed Inc | Call options | 1,350,000 | $143.9 million | 2.8% |
| YPF Ypf Sociedad Anonima | Shares | 3,138,897 | $142.7 million | 2.7% |
| AMZN Amazon Com Inc | Shares | 541,600 | $129.1 million | 2.5% |
| TBBB Bbb Foods Inc | Shares | 2,901,733 | $120.9 million | 2.3% |
| GOOGL Alphabet Inc | Shares | 336,300 | $120.2 million | 2.3% |
| EWZ Ishares Inc | Shares | 3,436,170 | $118.5 million | 2.3% |
| STX Seagate Technology Hldngs Pl | Shares | 122,000 | $117.7 million | 2.3% |
| FOXA Fox Corp | Shares | 2,204,600 | $115.0 million | 2.2% |
| AMZN Amazon Com Inc | Call options | 459,300 | $109.5 million | 2.1% |
| UAL United Airls Hldgs Inc | Shares | 794,795 | $108.1 million | 2.1% |
| SE Sea Ltd | Shares | 1,099,905 | $105.4 million | 2.0% |
| CDW Cdw Corp | Shares | 743,950 | $104.6 million | 2.0% |
| NAMS Newamsterdam Pharma Company | Shares | 3,070,146 | $104.0 million | 2.0% |
| IWM Ishares Tr | Call options | 330,000 | $99.1 million | 1.9% |
| SNDK Sandisk Corp | Shares | 34,900 | $79.4 million | 1.5% |
| RVMD Revolution Medicines Inc | Shares | 399,587 | $74.8 million | 1.4% |
| SPY State Str Spdr S&P 500 Etf T | Call options | 90,000 | $67.2 million | 1.3% |
| BTDR Bitdeer Technologies Group | Shares | 4,074,993 | $64.7 million | 1.2% |
| CRH Crh Plc | Shares | 553,555 | $59.2 million | 1.1% |
0001536411-26-000006). Duquesne reports its 13F values in thousands of dollars; figures here are converted to dollars.
Stanley Druckenmiller Duquesne Holdings & Recent Macro Buys
In the quarter ended June 30, 2026, Duquesne opened 16 new lines among its largest positions, including INSM calls, AMZN, GOOGL, FOXA, CDW and 11 more, and closed 16, including AA, TEVA, ROKU, AVGO and 12 more.
What are Duquesne's largest holdings?
NTRA leads at 16.6% of reported value, followed by TSM (5.4%), STM (4.5%), RSP (3.4%), INSM (2.9%). The top ten make up 45.9% of $5.21 billion.
Does Druckenmiller still own Nvidia?
Nvidia does not appear in any of the last 6 Duquesne 13F filings. He cut the position during 2024 after a large gain, and his technology exposure now sits in other names.
The 25 largest of 95 reported positions. Source: SEC EDGAR Form 13F-HR. Option values are the notional value of the underlying shares.
Who Druckenmiller is, and why his filings matter
Stanley Druckenmiller ran Duquesne Capital Management from 1981 and, for part of that time, was lead portfolio manager of George Soros's Quantum Fund. He is best known for the 1992 bet against the British pound that forced the United Kingdom out of the European Exchange Rate Mechanism. Duquesne's record of roughly 30% average annual returns without a losing year until he closed the fund to outside investors in 2010 is widely cited, which is why the stanley druckenmiller portfolio still draws attention even though he now manages only family money.
Because Duquesne Family Office manages more than $100 million in US-listed equities, it still files a quarterly 13F. That makes the druckenmiller 13f filings one of the few public windows into how a macro investor translates big-picture views into individual stocks and options.
A macro investor's stock book
The latest stanley druckenmiller 13f shows 95 positions, a much broader book than concentrated stock pickers such as Bill Ackman. The top five lines account for 32.8% of reported value and the top ten for 45.9%. About 16.4% of reported value is in call options, including calls on exchange-traded funds, which he uses to express views on whole markets or sectors.
One name stands out: NTRA has been the largest position in every one of the last 6 filings. For a trader known for moving quickly, that kind of persistence signals high conviction.
Does he own AI stocks?
People searching for a druckenmiller ai stocks portfolio usually expect Nvidia. In the latest filing his exposure to companies tied to artificial-intelligence infrastructure — chipmakers, storage, cloud platforms and data-center hosts — comes to 22.3% of reported value across 10 positions: TSM, STM, AMZN, GOOGL, STX, AMZN calls, BTDR, AMD and 2 more. That is a meaningful but not dominant slice of the portfolio.
How the book changed quarter by quarter
| Quarter end | Filed | Positions | Reported value | Top 10 weight | Largest line |
|---|---|---|---|---|---|
| 2026-06-30 | 2026-08-14 | 95 | $5.21 billion | 45.8% | NTRA (16.6%) |
| 2026-03-31 | 2026-05-15 | 70 | $3.38 billion | 55.6% | NTRA (18.1%) |
| 2025-12-31 | 2026-02-17 | 62 | $4.49 billion | 52.3% | NTRA (12.8%) |
| 2025-09-30 | 2025-11-14 | 65 | $4.06 billion | 53.9% | NTRA (12.7%) |
| 2025-06-30 | 2025-08-15 | 69 | $4.07 billion | 50.5% | NTRA (12.8%) |
| 2025-03-31 | 2025-05-15 | 52 | $3.06 billion | 59.8% | NTRA (15.7%) |
The number of positions and the share held in options move a lot from quarter to quarter. Many druckenmiller stock picks are held for only one or two filings, so the history is more useful for spotting themes than for copying individual trades.
Learning from his approach
Druckenmiller has said in interviews that the key to his returns was sizing: putting a lot of capital behind the few ideas he believes in most, and cutting losses quickly when he is wrong. He also stresses watching liquidity and central-bank policy rather than current earnings. A 13F cannot show those decisions directly, but it does show where the largest bets sit and how quickly they change.
Limits of the 13F
- Currency, bond, commodity and futures positions — central to a macro strategy — are not reported.
- Short sales of stock and most non-US holdings are excluded.
- Filings arrive up to 45 days after quarter end and show a single snapshot.
- Option values are notional; premiums, strikes and expiries are not disclosed.
Compare with other managers in the superinvestor directory, the Pershing Square 13F page and the Berkshire Hathaway 13F playbook. Gemral Edge Pro members get cross-manager 13F screens and new-filing alerts; Crypto Pattern Scanner VIP adds technical pattern scans for the same tickers.
Frequently asked questions
What are Stanley Druckenmiller's current holdings?
The latest official list of stanley druckenmiller current holdings is Duquesne Family Office's Form 13F for the quarter ended June 30, 2026, filed on August 14, 2026. It reports 95 US-listed positions worth about $5.21 billion, led by Natera, Taiwan Semiconductor and STMicroelectronics. The table on this page shows the newest filing Gemral Edge has loaded.
What is Druckenmiller buying right now?
For anyone asking what is druckenmiller buying, the quarter ended June 30, 2026 added new positions including Amazon, Alphabet, Fox, CDW, Delta Air Lines, AMD, Palo Alto Networks and call options on Tesla and Meta, while positions such as Broadcom, Alcoa, Roku and Teva were closed. Because he trades actively, some of these may already have changed.
What is in the Duquesne Family Office portfolio?
The duquesne family office portfolio is the personal and family capital Druckenmiller has managed since closing Duquesne Capital to outside investors in 2010. The duquesne family office 13f filings show a broad book of stocks plus call options on stocks and exchange-traded funds; macro trades in currencies, bonds and futures are not included in a 13F.
What are Stanley Druckenmiller's top holdings?
Among the stanley druckenmiller top holdings, Natera has been the largest position in every one of the last six 13F filings, at 16.6% of reported value in the quarter ended June 30, 2026. The next largest were Taiwan Semiconductor, STMicroelectronics, an equal-weight S&P 500 ETF call position and Insmed.
How can I invest like Stanley Druckenmiller?
Learning how to invest like stanley druckenmiller is less about copying a list and more about his process: concentrate on the few ideas you believe in most, size them boldly, cut losses quickly and pay attention to liquidity and central-bank policy. His 13F shows the stock side of that process with a 45-day delay, so treat it as a source of ideas rather than a trade signal.