Duquesne Family Office Stanley Druckenmiller
Holdings as of the end of Q3 2025, reported in its 13F filing on Nov 14, 2025; changes vs Q2 2025. Source
Reported value
$3.9B
at quarter-end prices
Positions
62
top 10 are 56% of it
Bought · Q3 2025
41
29 new, 12 added 20%+
Sold · Q3 2025
43
32 sold out, 11 cut 20%+
Holdings 62
| # | Stock | Company | Shares | Value | Of portfolio | Shares vs Q2 2025 |
|---|---|---|---|---|---|---|
| 1 | NTRA | Natera Inc | 3,214,532 | $517.4M | 13.2% | +4% |
| 2 | INSM | Insmed Inc | 2,423,435 | $349M | 8.9% | +8% |
| 3 | — | Teva Pharmaceutical Inds Ltd | 16,593,935 | $335.2M | 8.5% | +4% |
| 4 | TSM | Taiwan Semiconductor Mfg Ltd | 765,085 | $213.7M | 5.4% | — |
| 5 | WWD | Woodward Inc | 633,015 | $160M | 4.1% | -25% |
| 6 | CPNG | Coupang Inc | 4,633,124 | $149.2M | 3.8% | +13% |
| 7 | MELI | Mercadolibre Inc | 58,344 | $136.3M | 3.5% | +9% |
| 8 | DOCU | Docusign Inc | 1,685,950 | $121.5M | 3.1% | +31% |
| 9 | — | Verona Pharma Plc | 1,002,080 | $106.9M | 2.7% | — |
| 10 | EEM | Ishares Tr | 1,900,000 | $101.5M | 2.6% | new |
| 11 | AMZN | Amazon Com Inc | 437,070 | $96M | 2.4% | new |
| 12 | ROKU | Roku Inc | 822,435 | $82.3M | 2.1% | -25% |
| 13 | FIGR | Figure Technology Solutio | 2,116,825 | $77M | 2.0% | new |
| 14 | QSR | Restaurant Brands Intl Inc | 1,131,365 | $72.6M | 1.8% | +51% |
| 15 | STUB | Stubhub Hldgs Inc | 4,259,516 | $71.7M | 1.8% | new |
| 16 | WAB | Wabtec | 302,410 | $60.6M | 1.5% | +77% |
| 17 | META | Meta Platforms Inc | 76,100 | $55.9M | 1.4% | new |
| 18 | — | Newamsterdam Pharma Company | 1,923,700 | $54.7M | 1.4% | +131% |
| 19 | CRS | Carpenter Technology Corp | 220,035 | $54M | 1.4% | +74% |
| 20 | C | Citigroup Inc | 514,850 | $52.3M | 1.3% | -23% |
| 21 | TWLO | Twilio Inc | 512,800 | $51.3M | 1.3% | +156% |
| 22 | BAC | Bank America Corp | 989,250 | $51M | 1.3% | +189% |
| 23 | SE | Sea Ltd | 274,200 | $49M | 1.2% | -11% |
| 24 | EQT | Eqt Corp | 894,950 | $48.7M | 1.2% | -29% |
| 25 | GEV | Ge Vernova Inc | 77,320 | $47.5M | 1.2% | new |
| 26 | — | Crh Plc | 393,820 | $47.2M | 1.2% | new |
| 27 | VST | Vistra Corp | 233,985 | $45.8M | 1.2% | new |
| 28 | U | Unity Software Inc | 882,500 | $35.3M | 0.90% | -50% |
| 29 | LEN | Lennar Corp | 279,424 | $35.2M | 0.90% | +211% |
| 30 | DHI | D R Horton Inc | 205,150 | $34.8M | 0.88% | +165% |
| 31 | CLF | Cleveland-Cliffs Inc New | 2,715,035 | $33.1M | 0.84% | new |
| 32 | TBBB | Bbb Foods Inc | 1,183,125 | $31.9M | 0.81% | +228% |
| 33 | PCT | Purecycle Technologies Inc | 2,303,084 | $30.3M | 0.77% | — |
| 34 | FWONK | Liberty Media Corp Del | 288,400 | $30.1M | 0.77% | new |
| 35 | DAKT | Daktronics Inc | 1,436,936 | $30.1M | 0.76% | -53% |
| 36 | DKS | Dicks Sporting Goods Inc | 132,425 | $29.4M | 0.75% | new |
| 37 | — | Flutter Entmt Plc | 115,245 | $29.3M | 0.74% | -72% |
| 38 | KBE | Spdr Series Trust | 482,095 | $28.6M | 0.73% | new |
| 39 | OPCH | Option Care Health Inc | 977,685 | $27.1M | 0.69% | +54% |
| 40 | AEVA | Aeva Technologies Inc | 1,839,314 | $26.7M | 0.68% | new |
| 41 | PCG | Pg&E Corp | 1,649,300 | $24.9M | 0.63% | new |
| 42 | GOOGL | Alphabet Inc | 102,200 | $24.8M | 0.63% | new |
| 43 | ARM | Arm Holdings Plc | 167,900 | $23.8M | 0.60% | new |
| 44 | — | Nu Hldgs Ltd | 1,454,180 | $23.3M | 0.59% | -57% |
| 45 | SMTC | Semtech Corp | 301,515 | $21.5M | 0.55% | new |
| 46 | — | Seagate Technology Hldngs Pl | 85,900 | $20.3M | 0.52% | -57% |
| 47 | GPC | Genuine Parts Co | 144,185 | $20M | 0.51% | new |
| 48 | ELVN | Enliven Therapeutics Inc | 947,405 | $19.4M | 0.49% | +105% |
| 49 | POST | Post Hldgs Inc | 176,400 | $19M | 0.48% | new |
| 50 | SNDK | Sandisk Corp | 166,235 | $18.7M | 0.47% | new |
| 51 | SYF | Synchrony Financial | 261,825 | $18.6M | 0.47% | new |
| 52 | ARGT | Global X Fds | 254,045 | $17.7M | 0.45% | -5% |
| 53 | COGT | Cogent Biosciences Inc | 1,059,580 | $15.2M | 0.39% | new |
| 54 | PTGX | Protagonist Therapeutics Inc | 159,700 | $10.6M | 0.27% | new |
| 55 | COF | Capital One Finl Corp | 43,920 | $9.3M | 0.24% | new |
| 56 | CMG | Chipotle Mexican Grill Inc | 233,205 | $9.1M | 0.23% | new |
| 57 | SEI | Solaris Energy Infras Inc | 145,600 | $5.8M | 0.15% | new |
| 58 | MDB | Mongodb Inc | 17,710 | $5.5M | 0.14% | new |
| 59 | TXRH | Texas Roadhouse Inc | 29,800 | $5M | 0.13% | new |
| 60 | ECHO | Echostar Corp | 60,765 | $4.6M | 0.12% | new |
| 61 | YPF | Ypf Sociedad Anonima | 114,695 | $2.8M | 0.07% | -84% |
| 62 | CHYM | Chime Finl Inc | 43,230 | $872K | 0.02% | -91% |
Sold out in Q3 2025 32
| Stock | Company | Shares held in Q2 2025 | Value then | Of portfolio then |
|---|---|---|---|---|
| PM | Philip Morris Intl Inc | 815,975 | $148.6M | 3.8% |
| ENTG | Entegris Inc | 1,645,885 | $132.7M | 3.4% |
| COHR | Coherent Corp | 1,157,840 | $103.3M | 2.6% |
| MSFT | Microsoft Corp | 200,930 | $99.9M | 2.6% |
| LLY | Eli Lilly & Co | 100,675 | $78.5M | 2.0% |
| WBD | Warner Bros Discovery Inc | 6,537,160 | $74.9M | 1.9% |
| XLF | Select Sector Spdr Tr | 985,300 | $51.6M | 1.3% |
| CZR | Caesars Entertainment Inc Ne | 1,395,875 | $39.6M | 1.0% |
| DAL | Delta Air Lines Inc Del | 793,510 | $39M | 1.00% |
| GLW | Corning Inc | 623,145 | $32.8M | 0.84% |
| KMI | Kinder Morgan Inc Del | 1,071,665 | $31.5M | 0.80% |
| APP | Applovin Corp | 89,458 | $31.3M | 0.80% |
| UAL | United Airls Hldgs Inc | 377,120 | $30M | 0.77% |
| GS | Goldman Sachs Group Inc | 42,000 | $29.7M | 0.76% |
| BCS | Barclays Plc | 1,549,950 | $28.8M | 0.74% |
| ILMN | Illumina Inc | 300,615 | $28.7M | 0.73% |
| AVGO | Broadcom Inc | 86,140 | $23.7M | 0.61% |
| EWZ | Ishares Inc | 738,800 | $21.3M | 0.54% |
| HAS | Hasbro Inc | 281,100 | $20.8M | 0.53% |
| XPO | Xpo Inc | 163,100 | $20.6M | 0.53% |
| BMA | Banco Macro Sa | 220,900 | $15.5M | 0.40% |
| VKTX | Viking Therapeutics Inc | 549,295 | $14.6M | 0.37% |
| GGAL | Grupo Financiero Galicia S.A | 231,481 | $11.7M | 0.30% |
| BWXT | Bwx Technologies Inc | 76,475 | $11M | 0.28% |
| BLDR | Builders Firstsource Inc | 85,065 | $9.9M | 0.25% |
| FCX | Freeport-Mcmoran Inc | 224,800 | $9.7M | 0.25% |
| CCC | Ccc Intelligent Solutions Hl | 1,007,944 | $9.5M | 0.24% |
| — | Elbit Sys Ltd | 18,287 | $8.2M | 0.21% |
| TMO | Thermo Fisher Scientific Inc | 12,200 | $4.9M | 0.13% |
| DHR | Danaher Corporation | 24,700 | $4.9M | 0.12% |
| CC | Chemours Co | 421,800 | $4.8M | 0.12% |
| JOBY | Joby Aviation Inc | 31,489 | $332K | 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.