Duquesne Family Office Stanley Druckenmiller
Holdings as of the end of Q4 2025, reported in its 13F filing on Feb 17, 2026; changes vs Q3 2025. Source
Reported value
$4.2B
at quarter-end prices
Positions
58
top 10 are 55% of it
Bought · Q4 2025
38
26 new, 12 added 20%+
Sold · Q4 2025
42
30 sold out, 12 cut 20%+
Holdings 58
| # | Stock | Company | Shares | Value | Of portfolio | Shares vs Q3 2025 |
|---|---|---|---|---|---|---|
| 1 | NTRA | Natera Inc | 2,511,357 | $575.3M | 13.6% | -22% |
| 2 | XLF | Select Sector Spdr Tr | 5,495,600 | $301M | 7.1% | new |
| 3 | INSM | Insmed Inc | 1,481,752 | $257.9M | 6.1% | -39% |
| 4 | RSP | Invesco Exchange Traded Fd T | 1,173,925 | $224.9M | 5.3% | new |
| 5 | — | Teva Pharmaceutical Inds Ltd | 5,874,870 | $183.4M | 4.3% | -65% |
| 6 | WWD | Woodward Inc | 590,930 | $178.7M | 4.2% | -7% |
| 7 | AMZN | Amazon Com Inc | 737,940 | $170.3M | 4.0% | +69% |
| 8 | TSM | Taiwan Semiconductor Mfg Ltd | 543,085 | $165M | 3.9% | -29% |
| 9 | CPNG | Coupang Inc | 6,772,909 | $159.8M | 3.8% | +46% |
| 10 | GOOGL | Alphabet Inc | 385,000 | $120.5M | 2.9% | +277% |
| 11 | SE | Sea Ltd | 944,120 | $120.4M | 2.9% | +244% |
| 12 | EWZ | Ishares Inc | 3,552,575 | $112.9M | 2.7% | new |
| 13 | — | Newamsterdam Pharma Company | 3,070,146 | $107.7M | 2.6% | +60% |
| 14 | MELI | Mercadolibre Inc | 47,149 | $95M | 2.3% | -19% |
| 15 | TBBB | Bbb Foods Inc | 2,675,152 | $89.3M | 2.1% | +126% |
| 16 | QSR | Restaurant Brands Intl Inc | 1,209,000 | $82.5M | 2.0% | +7% |
| 17 | COGT | Cogent Biosciences Inc | 2,214,470 | $78.7M | 1.9% | +109% |
| 18 | AA | Alcoa Corp | 1,376,050 | $73.1M | 1.7% | new |
| 19 | ENTG | Entegris Inc | 844,160 | $71.1M | 1.7% | new |
| 20 | DOCU | Docusign Inc | 1,019,085 | $69.7M | 1.7% | -40% |
| 21 | LSCC | Lattice Semiconductor Corp | 925,970 | $68.1M | 1.6% | new |
| 22 | BE | Bloom Energy Corp | 740,545 | $64.3M | 1.5% | new |
| 23 | WAB | Wabtec | 300,110 | $64.1M | 1.5% | -1% |
| 24 | ROKU | Roku Inc | 582,980 | $63.2M | 1.5% | -29% |
| 25 | FIGR | Figure Technology Solutio | 1,539,785 | $62.9M | 1.5% | -27% |
| 26 | — | Crh Plc | 474,955 | $59.3M | 1.4% | +21% |
| 27 | OPCH | Option Care Health Inc | 1,745,950 | $55.6M | 1.3% | +79% |
| 28 | EEM | Ishares Tr | 902,500 | $49.4M | 1.2% | -52% |
| 29 | DAL | Delta Air Lines Inc Del | 650,910 | $45.2M | 1.1% | new |
| 30 | UAL | United Airls Hldgs Inc | 348,400 | $39M | 0.92% | new |
| 31 | STUB | Stubhub Hldgs Inc | 2,305,751 | $31.2M | 0.74% | -46% |
| 32 | ON | On Semiconductor Corp | 536,260 | $29M | 0.69% | new |
| 33 | — | Flutter Entmt Plc | 115,245 | $24.8M | 0.59% | — |
| 34 | PCT | Purecycle Technologies Inc | 2,878,434 | $24.7M | 0.59% | +25% |
| 35 | AEVA | Aeva Technologies Inc | 1,824,862 | $24.2M | 0.57% | -1% |
| 36 | GS | Goldman Sachs Group Inc | 27,500 | $24.2M | 0.57% | new |
| 37 | CLF | Cleveland-Cliffs Inc New | 1,745,655 | $23.2M | 0.55% | -36% |
| 38 | YPF | Ypf Sociedad Anonima | 606,990 | $21.9M | 0.52% | +429% |
| 39 | STM | Stmicroelectronics N V | 773,555 | $20.1M | 0.48% | new |
| 40 | U | Unity Software Inc | 410,020 | $18.1M | 0.43% | -54% |
| 41 | SCCO | Southern Copper Corp | 120,817 | $17.3M | 0.41% | new |
| 42 | DAKT | Daktronics Inc | 852,960 | $16.9M | 0.40% | -41% |
| 43 | RH | Rh | 88,200 | $15.8M | 0.37% | new |
| 44 | CMG | Chipotle Mexican Grill Inc | 391,930 | $14.5M | 0.34% | +68% |
| 45 | PTGX | Protagonist Therapeutics Inc | 159,700 | $13.9M | 0.33% | — |
| 46 | Z | Zillow Group Inc | 192,640 | $13.1M | 0.31% | new |
| 47 | — | Cidara Therapeutics Inc | 49,495 | $10.9M | 0.26% | new |
| 48 | PM | Philip Morris Intl Inc | 67,400 | $10.8M | 0.26% | new |
| 49 | AAL | American Airls Group Inc | 639,785 | $9.8M | 0.23% | new |
| 50 | AGX | Argan Inc | 30,000 | $9.4M | 0.22% | new |
| 51 | DASH | Doordash Inc | 35,900 | $8.1M | 0.19% | new |
| 52 | PGNY | Progyny Inc | 295,115 | $7.6M | 0.18% | new |
| 53 | ECHO | Echostar Corp | 60,765 | $6.6M | 0.16% | — |
| 54 | ADMA | Adma Biologics Inc | 252,200 | $4.6M | 0.11% | new |
| 55 | ALM | Almonty Inds Inc | 469,880 | $4.1M | 0.10% | new |
| 56 | WOLF | Wolfspeed Inc | 186,900 | $3.3M | 0.08% | new |
| 57 | WVE | Wave Life Sciences Ltd | 173,000 | $2.9M | 0.07% | new |
| 58 | NP | Neptune Ins Hldgs Inc | 20,000 | $583K | 0.01% | new |
Sold out in Q4 2025 30
| Stock | Company | Shares held in Q3 2025 | Value then | Of portfolio then |
|---|---|---|---|---|
| — | Verona Pharma Plc | 1,002,080 | $106.9M | 2.7% |
| META | Meta Platforms Inc | 76,100 | $55.9M | 1.4% |
| CRS | Carpenter Technology Corp | 220,035 | $54M | 1.4% |
| C | Citigroup Inc | 514,850 | $52.3M | 1.3% |
| TWLO | Twilio Inc | 512,800 | $51.3M | 1.3% |
| BAC | Bank America Corp | 989,250 | $51M | 1.3% |
| EQT | Eqt Corp | 894,950 | $48.7M | 1.2% |
| GEV | Ge Vernova Inc | 77,320 | $47.5M | 1.2% |
| VST | Vistra Corp | 233,985 | $45.8M | 1.2% |
| LEN | Lennar Corp | 279,424 | $35.2M | 0.90% |
| DHI | D R Horton Inc | 205,150 | $34.8M | 0.88% |
| FWONK | Liberty Media Corp Del | 288,400 | $30.1M | 0.77% |
| DKS | Dicks Sporting Goods Inc | 132,425 | $29.4M | 0.75% |
| KBE | Spdr Series Trust | 482,095 | $28.6M | 0.73% |
| PCG | Pg&E Corp | 1,649,300 | $24.9M | 0.63% |
| ARM | Arm Holdings Plc | 167,900 | $23.8M | 0.60% |
| — | Nu Hldgs Ltd | 1,454,180 | $23.3M | 0.59% |
| SMTC | Semtech Corp | 301,515 | $21.5M | 0.55% |
| — | Seagate Technology Hldngs Pl | 85,900 | $20.3M | 0.52% |
| GPC | Genuine Parts Co | 144,185 | $20M | 0.51% |
| ELVN | Enliven Therapeutics Inc | 947,405 | $19.4M | 0.49% |
| POST | Post Hldgs Inc | 176,400 | $19M | 0.48% |
| SNDK | Sandisk Corp | 166,235 | $18.7M | 0.47% |
| SYF | Synchrony Financial | 261,825 | $18.6M | 0.47% |
| ARGT | Global X Fds | 254,045 | $17.7M | 0.45% |
| COF | Capital One Finl Corp | 43,920 | $9.3M | 0.24% |
| SEI | Solaris Energy Infras Inc | 145,600 | $5.8M | 0.15% |
| MDB | Mongodb Inc | 17,710 | $5.5M | 0.14% |
| TXRH | Texas Roadhouse Inc | 29,800 | $5M | 0.13% |
| CHYM | Chime Finl Inc | 43,230 | $872K | 0.02% |
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.