Duquesne Family Office Stanley Druckenmiller
Holdings as of the end of Q2 2025, reported in its 13F filing on Aug 15, 2025; changes vs Q1 2025. Source
Reported value
$3.9B
at quarter-end prices
Positions
65
top 10 are 53% of it
Bought · Q2 2025
38
31 new, 7 added 20%+
Sold · Q2 2025
30
15 sold out, 15 cut 20%+
Holdings 65
| # | Stock | Company | Shares | Value | Of portfolio | Shares vs Q1 2025 |
|---|---|---|---|---|---|---|
| 1 | NTRA | Natera Inc | 3,085,190 | $521.2M | 13.3% | -9% |
| 2 | — | Teva Pharmaceutical Inds Ltd | 15,968,935 | $267.6M | 6.8% | +7% |
| 3 | INSM | Insmed Inc | 2,253,435 | $226.8M | 5.8% | +65% |
| 4 | WWD | Woodward Inc | 848,910 | $208.1M | 5.3% | -23% |
| 5 | TSM | Taiwan Semiconductor Mfg Ltd | 765,085 | $173.3M | 4.4% | +28% |
| 6 | PM | Philip Morris Intl Inc | 815,975 | $148.6M | 3.8% | -26% |
| 7 | MELI | Mercadolibre Inc | 53,725 | $140.4M | 3.6% | — |
| 8 | ENTG | Entegris Inc | 1,645,885 | $132.7M | 3.4% | new |
| 9 | CPNG | Coupang Inc | 4,105,424 | $123M | 3.1% | -56% |
| 10 | — | Flutter Entmt Plc | 405,320 | $115.8M | 3.0% | +7% |
| 11 | COHR | Coherent Corp | 1,157,840 | $103.3M | 2.6% | -48% |
| 12 | DOCU | Docusign Inc | 1,290,440 | $100.5M | 2.6% | +20% |
| 13 | MSFT | Microsoft Corp | 200,930 | $99.9M | 2.6% | new |
| 14 | ROKU | Roku Inc | 1,100,500 | $96.7M | 2.5% | +123% |
| 15 | — | Verona Pharma Plc | 1,002,080 | $94.8M | 2.4% | — |
| 16 | LLY | Eli Lilly & Co | 100,675 | $78.5M | 2.0% | +6% |
| 17 | WBD | Warner Bros Discovery Inc | 6,537,160 | $74.9M | 1.9% | new |
| 18 | EQT | Eqt Corp | 1,252,700 | $73.1M | 1.9% | +46% |
| 19 | C | Citigroup Inc | 666,300 | $56.7M | 1.4% | new |
| 20 | XLF | Select Sector Spdr Tr | 985,300 | $51.6M | 1.3% | new |
| 21 | QSR | Restaurant Brands Intl Inc | 751,010 | $49.8M | 1.3% | new |
| 22 | SE | Sea Ltd | 309,730 | $49.5M | 1.3% | new |
| 23 | — | Nu Hldgs Ltd | 3,415,365 | $46.9M | 1.2% | new |
| 24 | DAKT | Daktronics Inc | 3,076,224 | $46.5M | 1.2% | — |
| 25 | U | Unity Software Inc | 1,774,050 | $42.9M | 1.1% | new |
| 26 | CZR | Caesars Entertainment Inc Ne | 1,395,875 | $39.6M | 1.0% | -10% |
| 27 | DAL | Delta Air Lines Inc Del | 793,510 | $39M | 1.00% | +130% |
| 28 | WAB | Wabtec | 170,510 | $35.7M | 0.91% | -43% |
| 29 | CRS | Carpenter Technology Corp | 126,635 | $35M | 0.89% | new |
| 30 | GLW | Corning Inc | 623,145 | $32.8M | 0.84% | new |
| 31 | PCT | Purecycle Technologies Inc | 2,303,084 | $31.6M | 0.81% | -32% |
| 32 | KMI | Kinder Morgan Inc Del | 1,071,665 | $31.5M | 0.80% | -35% |
| 33 | APP | Applovin Corp | 89,458 | $31.3M | 0.80% | +123% |
| 34 | UAL | United Airls Hldgs Inc | 377,120 | $30M | 0.77% | +2% |
| 35 | GS | Goldman Sachs Group Inc | 42,000 | $29.7M | 0.76% | new |
| 36 | BCS | Barclays Plc | 1,549,950 | $28.8M | 0.74% | -59% |
| 37 | ILMN | Illumina Inc | 300,615 | $28.7M | 0.73% | new |
| 38 | — | Seagate Technology Hldngs Pl | 197,490 | $28.5M | 0.73% | -10% |
| 39 | TWLO | Twilio Inc | 200,475 | $24.9M | 0.64% | -45% |
| 40 | AVGO | Broadcom Inc | 86,140 | $23.7M | 0.61% | new |
| 41 | ARGT | Global X Fds | 267,700 | $22.7M | 0.58% | -40% |
| 42 | YPF | Ypf Sociedad Anonima | 703,995 | $22.1M | 0.57% | -66% |
| 43 | EWZ | Ishares Inc | 738,800 | $21.3M | 0.54% | new |
| 44 | HAS | Hasbro Inc | 281,100 | $20.8M | 0.53% | new |
| 45 | OPCH | Option Care Health Inc | 636,850 | $20.7M | 0.53% | new |
| 46 | XPO | Xpo Inc | 163,100 | $20.6M | 0.53% | new |
| 47 | BAC | Bank America Corp | 341,900 | $16.2M | 0.41% | new |
| 48 | CHYM | Chime Finl Inc | 466,825 | $16.1M | 0.41% | new |
| 49 | BMA | Banco Macro Sa | 220,900 | $15.5M | 0.40% | -49% |
| 50 | — | Newamsterdam Pharma Company | 832,175 | $15.1M | 0.39% | +4% |
| 51 | VKTX | Viking Therapeutics Inc | 549,295 | $14.6M | 0.37% | new |
| 52 | GGAL | Grupo Financiero Galicia S.A | 231,481 | $11.7M | 0.30% | -39% |
| 53 | BWXT | Bwx Technologies Inc | 76,475 | $11M | 0.28% | new |
| 54 | TBBB | Bbb Foods Inc | 360,550 | $10M | 0.26% | new |
| 55 | DHI | D R Horton Inc | 77,400 | $10M | 0.25% | new |
| 56 | LEN | Lennar Corp | 89,900 | $9.9M | 0.25% | new |
| 57 | BLDR | Builders Firstsource Inc | 85,065 | $9.9M | 0.25% | new |
| 58 | FCX | Freeport-Mcmoran Inc | 224,800 | $9.7M | 0.25% | -78% |
| 59 | CCC | Ccc Intelligent Solutions Hl | 1,007,944 | $9.5M | 0.24% | -82% |
| 60 | ELVN | Enliven Therapeutics Inc | 463,000 | $9.3M | 0.24% | new |
| 61 | — | Elbit Sys Ltd | 18,287 | $8.2M | 0.21% | new |
| 62 | TMO | Thermo Fisher Scientific Inc | 12,200 | $4.9M | 0.13% | new |
| 63 | DHR | Danaher Corporation | 24,700 | $4.9M | 0.12% | new |
| 64 | CC | Chemours Co | 421,800 | $4.8M | 0.12% | new |
| 65 | JOBY | Joby Aviation Inc | 31,489 | $332K | 0.01% | — |
Sold out in Q2 2025 15
| Stock | Company | Shares held in Q1 2025 | Value then | Of portfolio then |
|---|---|---|---|---|
| COF | Capital One Finl Corp | 197,670 | $35.4M | 1.2% |
| — | Springworks Therapeutics Inc | 615,929 | $27.2M | 0.91% |
| AMZN | Amazon Com Inc | 136,765 | $26M | 0.87% |
| ASND | Ascendis Pharma A/S | 158,720 | $24.7M | 0.83% |
| BN | Brookfield Corp | 315,925 | $16.6M | 0.56% |
| TECK | Teck Resources Ltd | 431,545 | $15.7M | 0.53% |
| BBIO | Bridgebio Pharma Inc | 438,050 | $15.1M | 0.51% |
| FLEX | Flex Ltd | 348,900 | $11.5M | 0.39% |
| EXE | Expand Energy Corporation | 97,700 | $10.9M | 0.36% |
| AR | Antero Resources Corp | 258,400 | $10.4M | 0.35% |
| PI | Impinj Inc | 108,475 | $9.8M | 0.33% |
| TSLA | Tesla Inc | 18,838 | $4.9M | 0.16% |
| RARE | Ultragenyx Pharmaceutical In | 85,445 | $3.1M | 0.10% |
| AAL | American Airl | 133,728 | $1.4M | 0.05% |
| IVVD | Invivyd Inc | 571,425 | $346K | 0.01% |
13F filings list US-listed long positions (stocks and ADRs) at the quarter's end: no shorts, cash, bonds or foreign shares; options and principal amounts are left out here. Trades made after the quarter ended don't show until the next filing. Changes compare share counts with the quarter before (splits can show as adds). Not investment advice.