Skip to content
berrytrail

Search

Search managers or tickers

Duquesne Family Office

Q2 2026 13F · by Stanley Druckenmiller, portfolio manager

As of
Jun 30, 2026
Filed
Aug 14, 2026
US stock
$4.4B · prev $2.9B
Positions
86 · prev 65
Options notional
$857M
Documents
1· no amendments

Picture83.6% US stock

Mostly picture · of what this 13F reports is US stock

  • US stock listed on a US exchange 83.6%
  • Foreign stock not listed in the US 0.0%
  • Notes debt, at principal 0.0%
  • Puts at notional value 0.0%
  • Calls at notional value 16.4%

Moves98 since the prior filing

+32.8 pp in · −26.9 pp out

Options: 6 moves on a notional base, in the table below.

The book

Concentrated · behaves like 17 equal-sized positions

  1. Very concentrated
  2. Concentrated
  3. Focused
  4. Diversified

Moderate turnover · 70% a year, about 1.4 years per position

  1. Low
  2. Moderate
  3. High

Top 5 positions38% of US stock

  1. NTRA Natera, Inc. added−1.00 pp added−1.0019.9%
  2. TSM Taiwan Semiconductor Manufacturing Company Ltd. added+0.77 pp added+0.776.5%
  3. STM STMicroelectronics N.V. added+2.27 pp added+2.275.3%
  4. INSM Insmed, Inc. added−2.94 pp added−2.943.5%
  5. YPF YPF Sociedad Anonima trimmed−1.81 pp trimmed−1.813.3%

Positions86 in this filing · 23 exited

NTRANatera, Inc.19.86%3,186,306$865Madded+4%−1.00 pp16 q
TSMTaiwan Semiconductor Manufacturing Company Ltd.6.47%589,680$282Madded+19%+0.77 pp8 q
STMSTMicroelectronics N.V.5.34%3,102,880$232Madded+19%+2.27 pp3 q
INSMInsmed, Inc.3.49%1,424,690$152Madded+23%−2.94 pp9 q
YPFYPF Sociedad Anonima3.28%3,138,897$143Mtrimmed−3%−1.81 pp9 q
AMZNAmazon.Com Inc2.96%541,600$129Madded×11.8+2.64 pp4 q
TBBBBBB Foods Inc.2.78%2,901,733$121Mtrimmed−7%−0.96 pp5 q
GOOGLAlphabet Inc. Class A2.76%336,300$120Mnew+2.76 ppnew
EWZiShares MSCI Brazil ETF2.72%3,436,170$119Mheld—3 q
STXSeagate Technology Holdings PLC (Ireland)2.70%122,000$118Madded×2.4+2.02 pp2 q
FOXAFox Corporation Class A2.64%2,204,600$115Mnew+2.64 ppnew
UALUnited Airlines Holdings, Inc.2.48%794,795$108Madded×3.0+1.66 pp3 q
SESea Limited2.42%1,099,905$105Mheld—5 q
CDWCDW Corporation2.40%743,950$105Mnew+2.40 ppnew
NAMSNewAmsterdam Pharma Company N.V.2.39%3,070,146$104Mheld—8 q
SNDKSandisk Corporation1.82%34,900$79Mtrimmed−9%+0.99 pp2 q
RVMDRevolution Medicines, Inc.1.72%399,587$75Madded+27%+0.67 pp2 q
BTDRBitdeer Technologies Group Class A1.49%4,074,993$65Mnew+1.49 ppnew
CRHCRH Public Limited Company1.36%553,555$59Madded+47%+0.01 pp4 q
DALDelta Air Lines, Inc.1.30%603,000$56Mnew+1.30 ppnew
FLRFluor Corporation1.18%982,200$51Mnew+1.18 ppnew
DHID.R. Horton Inc.1.12%299,000$49Mnew+1.12 ppnew
CPNGCoupang, Inc.1.06%2,667,485$46Mheld—22 q
AMDAdvanced Micro Devices0.97%72,900$42Mnew+0.97 ppnew
CLFCleveland-Cliffs Inc.0.91%4,216,184$40Madded+82%+0.24 pp4 q
PANWPalo Alto Networks, Inc.0.91%116,650$40Mnew+0.91 ppnew
HUTHut 8 Corp.0.83%314,150$36Mnew+0.83 ppnew
CAICaris Life Sciences, Inc.0.78%1,894,450$34Mheld—2 q
ARGTGlobal X MSCI Argentina ETF0.69%328,800$30Mtrimmed−15%−0.54 pp2 q
FOXFox Corporation Class B0.68%632,600$30Mnew+0.68 ppnew
WWDWoodward, Inc.0.66%67,194$29Mtrimmed−68%−1.92 pp11 q
NUVBNuvation Bio Inc.0.59%4,539,800$26Mheld—2 q
PTGXProtagonist Therapeutics, Inc0.59%208,900$26Madded+31%+0.02 pp4 q
ROKURoku, Inc. Class A0.58%184,055$25Mtrimmed−75%−1.84 pp6 q
CVCOCavco Industries Inc.0.56%39,500$24Mnew+0.56 ppnew
ADMAADMA Biologics, Inc.0.54%2,784,110$23Madded+80%+0.07 pp3 q
PURRHyperliquid Strategies Inc0.53%2,941,500$23Mnew+0.53 ppnew
RMBSRambus Inc0.53%173,000$23Mnew+0.53 ppnew
RYTMRhythm Pharmaceuticals, Inc.0.52%203,618$23Mnew+0.52 ppnew
SKYChampion Homes, Inc.0.51%254,400$22Mnew+0.51 ppnew
DAKTDaktronics Inc0.50%1,123,109$22Madded+100%+0.13 pp10 q
PCTPureCycle Technologies, Inc.0.50%2,681,415$22Madded×2.8+0.33 pp7 q
ENTGEntegris Inc0.49%118,300$21Mnew+0.49 ppnew
SCCOSouthern Copper Corporation0.49%123,060$21Mtrimmed0%−0.22 pp3 q
TEVATeva Pharmaceutical Industries Limited0.49%624,999$21Mtrimmed−74%−1.95 pp8 q
LINLinde plc0.49%41,200$21Mheld—2 q
AEVAAeva Technologies, Inc.0.48%720,175$21Mnew+0.48 ppnew
UUnity Software Inc.0.48%738,785$21Mheld—5 q
QQnity Electronics, Inc.0.47%125,655$21Mheld—2 q
RIOTRiot Platforms, Inc.0.47%754,800$21Mnew+0.47 ppnew
EQIXEquinix, Inc.0.44%18,450$19Mnew+0.44 ppnew
LRCXLam Research Corp0.43%43,600$19Mnew+0.43 ppnew
DFTXDefinium Therapeutics, Inc.0.39%356,600$17Mnew+0.39 ppnew
BLTEBelite Bio, Inc0.38%106,100$16Mheld—2 q
RSPInvesco S&P 500 Equal Weight ETF0.36%74,400$16Mnew+0.36 ppnew
TXG10x Genomics, Inc. Class A0.35%403,100$15Mnew+0.35 ppnew
WABWabtec Inc.0.35%56,595$15Mtrimmed−40%−0.46 pp10 q
LLYEli Lilly & Co.0.34%12,380$15Mnew+0.34 ppnew
XENEXenon Pharmaceuticals Inc0.33%238,600$14Mheld—2 q
OLMAOlema Pharmaceuticals, Inc.0.28%986,827$12Mheld—2 q
RGENRepligen Corp0.24%77,400$11Mnew+0.24 ppnew
RKTRocket Companies, Inc.0.24%652,220$10Mnew+0.24 ppnew
ARMArm Holdings plc0.23%28,090$10Mtrimmed−74%−0.32 pp2 q
BIDUBaidu, Inc.0.23%88,200$10Mnew+0.23 ppnew
CVNACarvana Co.0.23%151,000$10Mnew+0.23 ppnew
RDDTReddit, Inc.0.23%56,550$10Mnew+0.23 ppnew
AAAlcoa Corporation0.22%185,640$10Mtrimmed−88%−3.15 pp3 q
DHRDanaher Corporation0.22%50,300$10Mnew+0.22 ppnew
TMOThermo Fisher Scientific, Inc.0.22%19,200$10Mnew+0.22 ppnew
FFIVF5, Inc.0.21%22,000$9Mnew+0.21 ppnew
VISTVista Energy S.A.B. de C.V.0.20%134,700$9Mheld—2 q
SKESkeena Resources Limited0.18%300,200$8Mnew+0.18 ppnew
JBSJbs N.v.0.18%655,900$8Mheld—2 q
GLUEMonte Rosa Therapeutics, Inc.0.17%297,600$7Mnew+0.17 ppnew
RLAYRelay Therapeutics, Inc.0.15%349,000$7Mnew+0.15 ppnew
CCCCCC Intelligent Solutions Holdings Inc.0.14%1,170,900$6Mnew+0.14 ppnew
DBVTDBV Technologies S.A.0.14%383,363$6Mheld—2 q
UWMCUWM Holdings Corporation0.14%2,583,000$6Mnew+0.14 ppnew
NVTSNavitas Semiconductor Corporation0.13%311,100$6Mnew+0.13 ppnew
SOLSSolstice Advanced Materials Inc.0.13%62,525$6Mheld—2 q
FTAIFTAI Aviation Ltd.0.13%20,200$5Mnew+0.13 ppnew
BEAMBeam Therapeutics Inc.0.12%153,600$5Mnew+0.12 ppnew
AURAurora Innovation, Inc. Class A0.10%633,700$4Mnew+0.10 ppnew
IRENIREN Limited0.09%87,100$4Mnew+0.09 ppnew
GGALGrupo Financiero Galicia SA0.07%59,500$3Mnew+0.07 ppnew
WVEWave Life Sciences Ltd.0.02%173,000$1Mheld—3 q
AVGOBroadcom Inc.—−195,955—exited−2.06 pp—
OPCHOption Care Health, Inc.—−1,868,550—exited−1.71 pp—
FIGRFigure Technology Solutions, Inc. Class A—−1,150,415—exited−1.33 pp—
QSRRestaurant Brands International Inc.—−454,435—exited−1.14 pp—
LSCCLattice Semiconductor Corp—−323,135—exited−1.02 pp—
HUMHumana Inc.—−137,505—exited−0.81 pp—
TWLOTwilio Inc.—−181,760—exited−0.78 pp—
JBLJabil Inc.—−82,200—exited−0.74 pp—
GSGiShares S&P GSCI Commodity-Indexed Trust—−643,000—exited−0.71 pp—
BEBloom Energy Corporation—−136,320—exited−0.63 pp—
INTCIntel Corp—−411,400—exited−0.62 pp—
NETCloudflare, Inc. Class A, par value $0.001 per share—−52,535—exited−0.37 pp—
LYBLyondellBasell Industries N.V. Class A—−131,435—exited−0.36 pp—
COHRCoherent Corp.—−40,400—exited−0.33 pp—
TWSTTwist Bioscience Corporation—−206,000—exited−0.33 pp—
CLSCelestica, Inc.—−33,275—exited−0.32 pp—
STUBStubHub Holdings, Inc.—−1,367,177—exited−0.29 pp—
MUMicron Technology, Inc.—−23,400—exited−0.27 pp—
ECHOEchoStar Corporation—−60,765—exited−0.24 pp—
ALMAlmonty Industries Inc.—−469,880—exited−0.23 pp—
LITELumentum Holdings Inc.—−6,963—exited−0.17 pp—
MELIMercado Libre, Inc—−2,766—exited−0.16 pp—
WLKWestlake Corporation—−21,194—exited−0.08 pp—

Other 13(f) securities

Options 9

Contract% of notionalSharesNotional
RSP CALL20.39%821,000$175M
EWZ CALL17.03%4,228,000$146M
INSM CALL16.80%1,350,000$144M
AMZN CALL12.78%459,300$109M
IWM CALL11.57%330,000$99M
SPY CALL7.85%90,000$67M
TSLA CALL6.19%126,000$53M
CDW CALL4.10%250,000$35M
META CALL3.29%50,000$28M

Notes 0

None in this filing

Source

Form
13F-HR
Reading
0 defects · 0 unresolved
Accession
0001536411-26-000006
Notes
none in this filing
SEC cross-check
SEC data set not published yet