Duquesne Family Office
Picture
Moves
Options: 6 moves on a notional base, in the table below.
The book
- Very concentrated
- Concentrated
- Focused
- Diversified
- Low
- Moderate
- High
Top 5 positions
Positions
| NTRANatera, Inc. | 15.88% | 3,566,850 | $565M | held | — | 10 q |
| COHRCoherent Corp. | 7.52% | 2,820,930 | $267M | trimmed−5% | −1.76 pp | 4 q |
| WWDWoodward, Inc. | 5.74% | 1,225,750 | $204M | added+16% | −0.62 pp | 5 q |
| TEVATeva Pharmaceutical Industries Limited | 5.58% | 8,997,400 | $198M | added×6.3 | +4.68 pp | 2 q |
| CPNGCoupang, Inc. | 5.50% | 8,902,649 | $196M | trimmed−24% | −4.56 pp | 16 q |
| PMPhilip Morris International Inc. | 4.58% | 1,352,255 | $163M | added+19% | −0.25 pp | 3 q |
| STXSeagate Technology Holdings PLC (Ireland) | 3.80% | 1,564,076 | $135M | trimmed−5% | −2.50 pp | 6 q |
| UALUnited Airlines Holdings, Inc. | 2.85% | 1,043,805 | $101M | new | +2.85 pp | new |
| MELIMercado Libre, Inc | 2.57% | 53,725 | $91M | added+12% | −0.89 pp | 3 q |
| AMZNAmazon.Com Inc | 2.03% | 328,400 | $72M | new | +2.03 pp | new |
| SKAASkechers USA Inc-cl A | 2.03% | 1,074,840 | $72M | new | +2.03 pp | new |
| YPFYPF Sociedad Anonima | 2.02% | 1,687,716 | $72M | added×3.9 | +1.70 pp | 3 q |
| SLMSLM Corporation | 1.96% | 2,520,275 | $70M | new | +1.96 pp | new |
| KMIKinder Morgan, Inc. | 1.72% | 2,225,300 | $61M | trimmed−15% | −0.30 pp | 4 q |
| XUnited States Steel Corp | 1.54% | 1,610,040 | $55M | added×2.4 | +0.72 pp | 2 q |
| WABWabtec Inc. | 1.49% | 280,060 | $53M | added+56% | +0.35 pp | 4 q |
| DALDelta Air Lines, Inc. | 1.39% | 817,740 | $49M | new | +1.39 pp | new |
| WBDWarner Bros. Discovery, Inc. Series A | 1.38% | 4,657,650 | $49M | new | +1.38 pp | new |
| LLYEli Lilly & Co. | 1.35% | 62,190 | $48M | new | +1.35 pp | new |
| BMABanco Macro S.A. | 1.32% | 485,430 | $47M | added+14% | +0.38 pp | 4 q |
| ARGTGlobal X MSCI Argentina ETF | 1.28% | 548,800 | $45M | added+95% | +0.62 pp | 4 q |
| DAKTDaktronics Inc | 1.25% | 2,625,105 | $44M | added+2% | +0.09 pp | 4 q |
| BCSBarclays PLC | 1.19% | 3,186,855 | $42M | added+59% | +0.34 pp | 4 q |
| VRNAVerona Pharma plc | 1.16% | 887,580 | $41M | added+29% | +0.47 pp | 2 q |
| INSMInsmed, Inc. | 1.15% | 593,470 | $41M | added×29.7 | +1.10 pp | 3 q |
| VSTVistra Corp. | 1.10% | 283,355 | $39M | trimmed−28% | −0.53 pp | 6 q |
| ASNDAscendis Pharma A/S | 1.03% | 265,040 | $36M | held | — | 2 q |
| BNBrookfield Corporation | 0.99% | 610,225 | $35M | new | +0.99 pp | new |
| MUMicron Technology, Inc. | 0.97% | 408,885 | $34M | new | +0.97 pp | new |
| BWXTBWX Technologies, Inc. | 0.94% | 299,171 | $33M | new | +0.94 pp | new |
| KREState Street SPDR S&P Regional Banking ETF | 0.94% | 554,138 | $33M | trimmed−73% | −3.13 pp | 2 q |
| GEVGE Vernova Inc. | 0.92% | 99,750 | $33M | added×3.4 | +0.66 pp | 3 q |
| SWTXSpringworks Therapeutics Inc | 0.87% | 859,694 | $31M | added+22% | +0.08 pp | 3 q |
| NVTnVent Electric plc | 0.86% | 451,065 | $31M | held | — | 2 q |
| FCXFreeport-McMoran Inc. | 0.81% | 758,905 | $29M | trimmed−45% | −1.60 pp | 5 q |
| GGALGrupo Financiero Galicia SA | 0.79% | 448,663 | $28M | added+26% | +0.27 pp | 4 q |
| DFSDiscover Financial Services | 0.72% | 146,970 | $25M | trimmed−48% | −0.68 pp | 4 q |
| WDCWestern Digital Corp. | 0.70% | 417,160 | $25M | added×5.8 | +0.53 pp | 2 q |
| USBU.S. Bancorp | 0.68% | 503,595 | $24M | added×2.3 | +0.33 pp | 2 q |
| ARMArm Holdings plc | 0.62% | 178,394 | $22M | added×8.3 | +0.51 pp | 2 q |
| TSMTaiwan Semiconductor Manufacturing Company Ltd. | 0.60% | 107,515 | $21M | added+87% | +0.25 pp | 2 q |
| GTMZoomInfo Technologies Inc | 0.52% | 1,761,926 | $19M | trimmed−18% | −0.25 pp | 5 q |
| TECKTeck Resources Limited | 0.49% | 431,545 | $17M | trimmed−58% | −1.37 pp | 12 q |
| PCTPureCycle Technologies, Inc. | 0.46% | 1,592,500 | $16M | new | +0.46 pp | new |
| AALAmerican Airlines Group Inc. | 0.45% | 919,928 | $16M | new | +0.45 pp | new |
| PANWPalo Alto Networks, Inc. | 0.45% | 87,424 | $16M | held | — | 5 q |
| TSLATesla, Inc. | 0.43% | 37,675 | $15M | new | +0.43 pp | new |
| GOOGLAlphabet Inc. Class A | 0.41% | 76,680 | $15M | new | +0.41 pp | new |
| FLEXFlex Ltd. | 0.38% | 348,900 | $13M | held | — | 5 q |
| FHNFirst Horizon Corporation | 0.35% | 619,700 | $12M | held | — | 2 q |
| FCNCAFirst Citizens BancShares Inc | 0.31% | 5,183 | $11M | held | — | 2 q |
| HBANHuntington Bancshares Inc | 0.31% | 671,200 | $11M | held | — | 2 q |
| WFCWells Fargo & Co. | 0.31% | 157,100 | $11M | new | +0.31 pp | new |
| LYVLive Nation Entertainment Inc. | 0.29% | 79,635 | $10M | new | +0.29 pp | new |
| TFCTruist Financial Corporation | 0.28% | 233,500 | $10M | held | — | 2 q |
| ABCBAmeris Bancorp | 0.27% | 154,000 | $10M | held | — | 2 q |
| KEYKeyCorp | 0.25% | 527,000 | $9M | trimmed−10% | −0.09 pp | 2 q |
| WULFTeraWulf Inc. | 0.23% | 1,472,225 | $8M | trimmed−50% | −0.25 pp | 3 q |
| NAMSNewAmsterdam Pharma Company N.V. | 0.21% | 287,535 | $7M | held | — | 2 q |
| PCVXVaxcyte, Inc. | 0.20% | 86,265 | $7M | added×2.0 | +0.03 pp | 2 q |
| CRNXCrinetics Pharmaceuticals, Inc. | 0.18% | 122,700 | $6M | trimmed−60% | −0.37 pp | 4 q |
| MIRMirion Technologies, Inc. | 0.17% | 342,700 | $6M | new | +0.17 pp | new |
| ACLXArcellx, Inc. | 0.16% | 74,100 | $6M | held | — | 4 q |
| SNRENSunrise Communicat-cl A | 0.16% | 133,152 | $6M | new | +0.16 pp | new |
| CCitigroup Inc. | 0.14% | 72,655 | $5M | trimmed−78% | −0.58 pp | 2 q |
| NUNu Holdings Ltd. | 0.14% | 467,255 | $5M | new | +0.14 pp | new |
| ELFe.l.f. Beauty, Inc. | 0.13% | 37,300 | $5M | new | +0.13 pp | new |
| FLUTFlutter Entertainment plc | 0.13% | 18,100 | $5M | trimmed−93% | −2.04 pp | 3 q |
| IQVIQVIA Holdings Inc. | 0.12% | 21,500 | $4M | new | +0.12 pp | new |
| RAREUltragenyx Pharmaceutical Inc. | 0.10% | 85,445 | $4M | held | — | 2 q |
| PLTRPalantir Technologies Inc. Class A | 0.09% | 41,710 | $3M | held | — | 4 q |
| TLSITriSalus Life Sciences, Inc. | 0.06% | 426,921 | $2M | held | — | 4 q |
| IVVDInvivyd, Inc. | 0.01% | 571,425 | $253,000 | held | — | 3 q |
| JOBYJoby Aviation, Inc. | 0.01% | 31,489 | $256,000 | added+40% | +0.01 pp | 10 q |
| AVGOBroadcom Inc. | — | −239,980 | — | exited | −1.45 pp | — |
| MAAMid-America Apartment Communities, Inc. | — | −238,720 | — | exited | −1.33 pp | — |
| CPTCamden Property Trust | — | −290,915 | — | exited | −1.26 pp | — |
| CNMCore & Main, Inc. | — | −475,195 | — | exited | −0.74 pp | — |
| MSFTMicrosoft Corp | — | −43,095 | — | exited | −0.65 pp | — |
| ADBEAdobe Inc. | — | −34,495 | — | exited | −0.63 pp | — |
| CRHCRH Public Limited Company | — | −162,500 | — | exited | −0.53 pp | — |
| ADSKAutodesk Inc | — | −36,400 | — | exited | −0.35 pp | — |
| MTBM&T Bank Corp. | — | −56,200 | — | exited | −0.35 pp | — |
| CBChubb Limited | — | −34,800 | — | exited | −0.35 pp | — |
| CFGCitizens Financial Group, Inc. | — | −238,600 | — | exited | −0.34 pp | — |
| SPRYARS Pharmaceuticals, Inc. | — | −536,900 | — | exited | −0.27 pp | — |
| SLNSilence Therapeutics Plc American Depository Share | — | −387,400 | — | exited | −0.25 pp | — |
| TRPTC Energy Corporation | — | −115,400 | — | exited | −0.19 pp | — |
| SBUXStarbucks Corp | — | −52,305 | — | exited | −0.18 pp | — |
| XPOXPO, Inc. | — | −46,500 | — | exited | −0.18 pp | — |
| BCYCBicycle Therapeutics plc | — | −190,200 | — | exited | −0.15 pp | — |
| IHSIHS Holding Limited | — | −770,310 | — | exited | −0.08 pp | — |
| NRIXNurix Therapeutics, Inc. | — | −44,200 | — | exited | −0.03 pp | — |
Other 13(f) securities
Options
| Contract | % of notional | Shares | Notional |
|---|---|---|---|
| DAL CALL | 34.15% | 949,500 | $57M |
| AAL CALL | 26.66% | 2,573,500 | $45M |
| STX CALL | 26.14% | 509,500 | $44M |
| UAL CALL | 13.05% | 226,000 | $22M |
Notes