Stanley Druckenmiller Portfolio: All Stocks & Buys/Sells
As of Q2 2026 · reported on SEC Form 13F
Portfolio at a glance
- Portfolio value ?Total market value of every reported position on the quarter's reporting date, in US dollars.
- $5.21B
- Positions ?Number of distinct securities in the filing. Names reported on several lines are merged into one position.
- 95
- Top 10 share ?Share of the reported portfolio held in the ten largest positions. The higher it is, the more concentrated the bets.
- 45.8%
- Reporting period ?The quarter the filing covers. Managers have up to 45 days after the reporting date to file.
- Q2 2026
- Portfolio vs. S&P 500 (5 yr) ?Cumulative return of the replicated portfolio and of the S&P 500 over the calculated window. The sentence below states the gap between the two in percentage points — the plain difference between the two percentages. Replicated means: the reported stock weights at each quarterly reporting date, carried forward to the next one.
- +164.6% vs. +86.7%
That puts the replication 78.0 percentage points ahead of the S&P 500.
How this figure is built — and what it is not
This is NOT the fund's return. It is the return of a portfolio you would hold if you rebuilt the reported US stock basket at every quarterly reporting date, using the reported weights, and held it until the next one. Prices include dividends and the quarters are chained; the S&P 500 runs on the same basis. Whatever a 13F leaves out is missing here too: cash, short positions, bonds and everything outside the US. Options are deliberately excluded — a filing carries them at the value of the underlying shares, which would distort every weight. Between two filings a manager trades, and a quarterly replication cannot see those moves.
Calculated window: Q2 2021 to Q2 2026, in 19 quarterly steps.
What these numbers show — and what they don't
The source is SEC Form 13F, the disclosure institutional investment managers must file with the U.S. Securities and Exchange Commission (SEC). It covers long positions in US-listed securities — stocks, plus exchange-traded options and convertible notes, an option being carried at the value of the underlying shares. Cash, short positions, ordinary bonds and holdings outside the US never appear. Filings are quarterly and land up to 45 days after the reporting date, so these figures are an official but delayed and partial view — not a live portfolio.
Buys and sells this quarter
Comparing the Q2 2026 filing against Q1 2026.
New positions
- INSM Call option
- 1,350,000 new
- GOOGL
- 336,300 new
- FOXA
- 2,204,600 new
- CDW
- 743,950 new
- BTDR
- 4,074,993 new
- DAL
- 603,000 new
- TSLA Call option
- 126,000 new
- FLR
- 982,200 new
- DHI
- 299,000 new
- AMD
- 72,900 new
- PANW
- 116,650 new
- HUT.TO
- 314,150 new
- CDW Call option
- 250,000 new
- FOX
- 632,600 new
- META Call option
- 50,000 new
and 33 more
Added to
- NTRA
- 3,063,606 → 3,186,306
- TSM
- 495,280 → 589,680
- STM
- 2,612,880 → 3,102,880
- INSM
- 1,154,090 → 1,424,690
- AMZN
- 45,800 → 541,600
- STX
- 50,700 → 122,000
- AMZN Call option
- 200,000 → 459,300
- UAL
- 262,495 → 794,795
- IWM Call option
- 79,000 → 330,000
- RVMD
- 315,860 → 399,587
- CRH.L
- 377,555 → 553,555
- CLF
- 2,313,455 → 4,216,184
- PTGX
- 159,700 → 208,900
- ADMA
- 1,545,610 → 2,784,110
- DAKT
- 562,637 → 1,123,109
and 2 more
Trimmed
- YPF
- 3,235,962 → 3,138,897
- Bbb Foods Inc
- 3,109,202 → 2,901,733
- SNDK
- 38,155 → 34,900
- ARGT
- 387,400 → 328,800
- WWD
- 211,355 → 67,194
- ROKU
- 750,190 → 184,055
- TEVA
- 2,377,285 → 624,999
- WAB
- 94,895 → 56,595
- ARM
- 106,700 → 28,090
- AA
- 1,493,390 → 185,640
Sold out
- AVGO
- was 195,955
- OPCH
- was 1,868,550
- FIGR
- was 1,150,415
- QSR
- was 454,435
- LSCC
- was 323,135
- HUM
- was 137,505
- TWLO
- was 181,760
- JBL
- was 82,200
- GSG
- was 643,000
- BE
- was 136,320
- INTC
- was 411,400
- NET
- was 52,535
- LYB
- was 131,435
- TWST
- was 206,000
- COHR
- was 40,400
and 8 more
Every position in the portfolio
Scrolls sideways. Linked tickers lead to our own stock page for that company.
| # | Ticker | Company | Value | Weight | Shares | Shares vs. prior quarter |
|---|---|---|---|---|---|---|
| 1 | NTRA | Natera Inc | $864.9M | 16.60% | 3,186,306 | +4.0% |
| 2 | TSM | Taiwan Semiconductor Manufac | $281.6M | 5.40% | 589,680 | +19.1% |
| 3 | STM | Stmicroelectronics N V | $232.4M | 4.46% | 3,102,880 | +18.8% |
| 4 | RSP | Invesco Exchange Traded Fd T Call option | $174.7M | 3.35% | 821,000 | unchanged |
| 5 | INSM | Insmed Inc | $151.9M | 2.92% | 1,424,690 | +23.4% |
| 6 | EWZ | Ishares Inc Call option | $145.9M | 2.80% | 4,228,000 | unchanged |
| 7 | INSM | Insmed Inc Call option | $143.9M | 2.76% | 1,350,000 | new |
| 8 | YPF | Ypf Sociedad Anonima | $142.7M | 2.74% | 3,138,897 | -3.0% |
| 9 | AMZN | Amazon Com Inc | $129.1M | 2.48% | 541,600 | +1,082.5% |
| 10 | – | Bbb Foods Inc | $120.9M | 2.32% | 2,901,733 | -6.7% |
| 11 | GOOGL | Alphabet Inc | $120.2M | 2.31% | 336,300 | new |
| 12 | EWZ | Ishares Inc | $118.5M | 2.28% | 3,436,170 | unchanged |
| 13 | STX | Seagate Technology Hldngs Pl | $117.7M | 2.26% | 122,000 | +140.6% |
| 14 | FOXA | Fox Corp | $115.0M | 2.21% | 2,204,600 | new |
| 15 | AMZN | Amazon Com Inc Call option | $109.5M | 2.10% | 459,300 | +129.7% |
| 16 | UAL | United Airls Hldgs Inc | $108.1M | 2.07% | 794,795 | +202.8% |
| 17 | SE | Sea Ltd | $105.4M | 2.02% | 1,099,905 | unchanged |
| 18 | CDW | Cdw Corp | $104.6M | 2.01% | 743,950 | new |
| 19 | – | Newamsterdam Pharma Company | $104.0M | 2.00% | 3,070,146 | unchanged |
| 20 | IWM | Ishares Tr Call option | $99.1M | 1.90% | 330,000 | +317.7% |
| 21 | SNDK | Sandisk Corp | $79.4M | 1.52% | 34,900 | -8.5% |
| 22 | RVMD | Revolution Medicines Inc | $74.8M | 1.44% | 399,587 | +26.5% |
| 23 | SPY | State Str Spdr S&P 500 Etf T Call option | $67.2M | 1.29% | 90,000 | unchanged |
| 24 | BTDR | Bitdeer Technologies Group | $64.7M | 1.24% | 4,074,993 | new |
| 25 | CRH.L | Crh Plc | $59.2M | 1.14% | 553,555 | +46.6% |
| 26 | DAL | Delta Air Lines Inc | $56.5M | 1.08% | 603,000 | new |
| 27 | TSLA | Tesla Inc Call option | $53.0M | 1.02% | 126,000 | new |
| 28 | FLR | Fluor Corp | $51.5M | 0.99% | 982,200 | new |
| 29 | DHI | D R Horton Inc | $48.7M | 0.94% | 299,000 | new |
| 30 | CPNG | Coupang Inc | $46.3M | 0.89% | 2,667,485 | unchanged |
| 31 | AMD | Advanced Micro Devices Inc | $42.3M | 0.81% | 72,900 | new |
| 32 | PANW | Palo Alto Networks Inc | $39.8M | 0.76% | 116,650 | new |
| 33 | CLF | Cleveland-Cliffs Inc New | $39.6M | 0.76% | 4,216,184 | +82.2% |
| 34 | HUT.TO | Hut 8 Corp | $36.3M | 0.70% | 314,150 | new |
| 35 | CDW | Cdw Corp Call option | $35.2M | 0.68% | 250,000 | new |
| 36 | CAI | Caris Life Sciences Inc | $33.8M | 0.65% | 1,894,450 | unchanged |
| 37 | ARGT | Global X Fds | $30.0M | 0.58% | 328,800 | -15.1% |
| 38 | FOX | Fox Corp | $29.6M | 0.57% | 632,600 | new |
| 39 | WWD | Woodward Inc | $28.6M | 0.55% | 67,194 | -68.2% |
| 40 | META | Meta Platforms Inc Call option | $28.2M | 0.54% | 50,000 | new |
| 41 | NUVB | Nuvation Bio Inc | $25.8M | 0.50% | 4,539,800 | unchanged |
| 42 | PTGX | Protagonist Therapeutics Inc | $25.6M | 0.49% | 208,900 | +30.8% |
| 43 | ROKU | Roku Inc | $25.4M | 0.49% | 184,055 | -75.5% |
| 44 | CVCO | Cavco Inds Inc Del | $24.3M | 0.47% | 39,500 | new |
| 45 | ADMA | Adma Biologics Inc | $23.3M | 0.45% | 2,784,110 | +80.1% |
| 46 | PURR | Hyperliquid Strategies Inc | $23.2M | 0.44% | 2,941,500 | new |
| 47 | RMBS | Rambus Inc Del | $23.0M | 0.44% | 173,000 | new |
| 48 | RYTM | Rhythm Pharmaceuticals Inc | $22.6M | 0.43% | 203,618 | new |
| 49 | SKY | Champion Homes Inc | $22.4M | 0.43% | 254,400 | new |
| 50 | DAKT | Daktronics Inc | $22.0M | 0.42% | 1,123,109 | +99.6% |
| 51 | PCT | Purecycle Technologies Inc | $21.7M | 0.42% | 2,681,415 | +178.4% |
| 52 | SCCO | Southern Copper Corp | $21.4M | 0.41% | 123,060 | +1.0% |
| 53 | LIN | Linde Plc | $21.4M | 0.41% | 41,200 | unchanged |
| 54 | ENTG | Entegris Inc | $21.3M | 0.41% | 118,300 | new |
| 55 | TEVA | Teva Pharmaceutical Inds Ltd | $21.2M | 0.41% | 624,999 | -73.7% |
| 56 | U | Unity Software Inc | $21.1M | 0.41% | 738,785 | unchanged |
| 57 | AEVA | Aeva Technologies Inc | $20.7M | 0.40% | 720,175 | new |
| 58 | RIOT | Riot Platforms Inc | $20.7M | 0.40% | 754,800 | new |
| 59 | Q | Qnity Electronics Inc | $20.5M | 0.39% | 125,655 | unchanged |
| 60 | EQIX | Equinix Inc | $19.2M | 0.37% | 18,450 | new |
| 61 | LRCX | Lam Research Corp | $18.9M | 0.36% | 43,600 | new |
| 62 | DFTX | Definium Therapeutics Inc | $16.8M | 0.32% | 356,600 | new |
| 63 | BLTE | Belite Bio Inc Sponsored | $16.3M | 0.31% | 106,100 | unchanged |
| 64 | RSP | Invesco Exchange Traded Fd T | $15.8M | 0.30% | 74,400 | new |
| 65 | TXG | 10X Genomics Inc | $15.5M | 0.30% | 403,100 | new |
| 66 | WAB | Wabtec | $15.3M | 0.29% | 56,595 | -40.4% |
| 67 | LLY | Eli Lilly & Co | $14.8M | 0.29% | 12,380 | new |
| 68 | XENE | Xenon Pharmaceuticals Inc | $14.4M | 0.28% | 238,600 | unchanged |
| 69 | OLMA | Olema Pharmaceuticals Inc | $12.3M | 0.24% | 986,827 | unchanged |
| 70 | RGEN | Repligen Corp | $10.6M | 0.20% | 77,400 | new |
| 71 | RKT | Rocket Cos Inc | $10.3M | 0.20% | 652,220 | new |
| 72 | BIDU | Baidu Inc | $10.1M | 0.19% | 88,200 | new |
| 73 | ARM | Arm Holdings Plc | $10.0M | 0.19% | 28,090 | -73.7% |
| 74 | CVNA | Carvana Co | $9.9M | 0.19% | 151,000 | new |
| 75 | RDDT | Reddit Inc | $9.8M | 0.19% | 56,550 | new |
| 76 | AA | Alcoa Corp | $9.7M | 0.19% | 185,640 | -87.6% |
| 77 | TMO | Thermo Fisher Scientific Inc | $9.6M | 0.19% | 19,200 | new |
| 78 | DHR | Danaher Corp Del | $9.6M | 0.18% | 50,300 | new |
| 79 | FFIV | F5 Inc | $9.2M | 0.18% | 22,000 | new |
| 80 | VIST | Vista Energy S.A.B. De C.V. | $8.6M | 0.17% | 134,700 | unchanged |
| 81 | SKE.TO | Skeena Res Ltd New | $8.0M | 0.15% | 300,200 | new |
| 82 | – | Jbs N.V. | $7.8M | 0.15% | 655,900 | unchanged |
| 83 | GLUE | Monte Rosa Therapeutics Inc | $7.2M | 0.14% | 297,600 | new |
| 84 | RLAY | Relay Therapeutics Inc | $6.5M | 0.13% | 349,000 | new |
| 85 | – | Dbv Technologies S A Sponsored | $6.3M | 0.12% | 383,363 | unchanged |
| 86 | CCCS | Ccc Intelligent Solutions Hl | $6.0M | 0.12% | 1,170,900 | new |
| 87 | UWMC | Uwm Holdings Corporation | $5.9M | 0.11% | 2,583,000 | new |
| 88 | NVTS | Navitas Semiconductor Corp | $5.6M | 0.11% | 311,100 | new |
| 89 | SOLS | Solstice Advanced Matls Inc | $5.5M | 0.11% | 62,525 | unchanged |
| 90 | – | Ftai Aviation Ltd | $5.5M | 0.11% | 20,200 | new |
| 91 | BEAM | Beam Therapeutics Inc | $5.3M | 0.10% | 153,600 | new |
| 92 | AUR | Aurora Innovation Inc | $4.3M | 0.08% | 633,700 | new |
| 93 | IREN | Iren Limited | $4.0M | 0.08% | 87,100 | new |
| 94 | GGAL | Grupo Financiero Galicia S.A | $3.0M | 0.06% | 59,500 | new |
| 95 | WVE | Wave Life Sciences Ltd | $1.0M | 0.02% | 173,000 | unchanged |
The “Shares vs. prior quarter” column shows how the number of shares held changed compared with the previous quarterly filing — not the stock’s price performance.
About Stanley Druckenmiller
Stanley Druckenmiller is one of the most closely watched macro investors of the past half-century. He cut his teeth as George Soros's lead strategist, helping engineer the 1992 trade against the British pound that became known as "breaking the Bank of England." In 1981 he founded his own firm, Duquesne Capital Management, and ran it as one of the industry's standout performers before closing it to outside investors in 2010. Today he oversees Duquesne Family Office, managing primarily his own and his family's capital.
His style is unapologetically top-down. Druckenmiller reads global shifts in interest rates, growth and liquidity, then expresses those calls through a small number of heavily weighted, high-conviction positions rather than broad diversification. He's also known for moving fast, trimming or flipping a position the moment his macro thesis changes. Across decades of managing outside capital, he's frequently cited as never having closed a year in the red.
This page tracks Duquesne Family Office's US equity holdings as disclosed on SEC Form 13F, updated automatically: every position, its portfolio weight, and quarter-over-quarter buys and sells. A few limits are worth knowing. Form 13F only captures long positions in US-listed stocks, filed once per quarter and up to 45 days after quarter-end. Cash, bonds, short positions, non-US holdings and performance figures never appear in it, so what you're looking at is a delayed, partial snapshot rather than a real-time picture of his net worth.
Frequently Asked Questions
Druckenmiller typically runs a concentrated book of high-conviction positions rather than a widely diversified one, and he shifts sector emphasis often as his macro outlook changes. The table on this page lists exactly which US stocks Duquesne Family Office currently holds under SEC Form 13F and how heavily each one is weighted, based on the most recently filed report.
Druckenmiller is known for a relatively high portfolio turnover, adjusting positions as soon as his macro read shifts, so buys and sells can look quite different from one quarter to the next. The buys and sells versus the prior quarter, drawn from the latest SEC filing, are shown in the table at the top of this page.
Druckenmiller runs a macro-driven, top-down strategy: he starts from global trends in interest rates, growth and liquidity, then expresses those views through a handful of heavily weighted stock positions rather than spreading capital thinly. He's also willing to move fast, cutting or reversing a position as soon as his macro thesis changes, which sets him apart from buy-and-hold value investors.
A 13F filing is a mandatory disclosure that institutional investors must submit to the US Securities and Exchange Commission (SEC) under Form 13F. Fund managers overseeing more than $100 million in US equities must report their long positions in US-listed stocks once per quarter, with a filing deadline of up to 45 days after quarter-end. The form excludes short positions, most derivatives, bonds, cash, non-US holdings, and any performance or return figures.
Druckenmiller closed his hedge fund, Duquesne Capital Management, to outside investors in 2010 and converted the firm into a family office. Since then he has managed primarily his own and his family's wealth, though he remains required to disclose his US stock long positions in the same SEC format as traditional fund managers.
Source
SEC Form 13F — the mandatory quarterly disclosure institutional investment managers file with the U.S. Securities and Exchange Commission (SEC). One filing per quarter, submitted up to 45 days after the reporting date; values are market values on that date, in US dollars.
These pages show reported holdings. They are not investment advice and not a recommendation to buy.