What Stanley Druckenmiller Bought in Q4 2025
Duquesne Family Office · Quarterly 13F recap as filed with the SEC.
Period: 2025-12-31 · Filed · Historical
$4.49B
Total Value
62
Holdings
28
New Buys
14
Reduced
In Q4 2025, Stanley Druckenmiller reported 62 long equity positions worth $4.49B in their Duquesne Family Office 13F filing, including 28 new positions (largest: Financial Select Sector SPDR at $301.0M) and 15 increased positions.
| Rank | Ticker | Company | Shares | Value | % Portfolio | Change |
|---|---|---|---|---|---|---|
| 1 | NTRA | Natera Inc | 2511357 | $575.3M | 12.80% | -21.9% |
| 2 | XLF | Financial Select Sector SPDR | 5495600 | $301.0M | 6.70% | NEW |
| 3 | INSM | Insmed Inc | 1481752 | $257.9M | 5.74% | -38.9% |
| 4 | RSP | Invesco Exchange Traded Fd T | 1173925 | $224.9M | 5.00% | NEW |
| 5 | TEVA | Teva Pharmaceutical Inds Ltd | 5874870 | $183.4M | 4.08% | +-64.6% |
| 6 | WWD | Woodward Inc | 590930 | $178.7M | 3.97% | -6.6% |
| 7 | AMZN | Amazon Com Inc | 737940 | $170.3M | 3.79% | +68.8% |
| 8 | TSM | Taiwan Semiconductor Mfg Ltd | 543085 | $165.0M | 3.67% | -29.0% |
| 9 | CPNG | Coupang Inc | 6772909 | $159.8M | 3.55% | +46.2% |
| 10 | EWZ | Ishares Inc | 4228000 | $134.3M | 2.99% | NEW |
| 11 | GOOGL | Alphabet Inc | 385000 | $120.5M | 2.68% | +276.7% |
| 12 | SE | Sea Ltd | 944120 | $120.4M | 2.68% | +244.3% |
| 13 | EWZ | Ishares Inc | 3552575 | $112.9M | 2.51% | NEW |
| 14 | NAMSW | Newamsterdam Pharma Company | 3070146 | $107.7M | 2.40% | +59.6% |
| 15 | MELI | Mercadolibre Inc | 47149 | $95.0M | 2.11% | -19.2% |
| 16 | TBBB | Bbb Foods Inc | 2675152 | $89.3M | 1.99% | +126.1% |
| 17 | QSR | Restaurant Brands Intl Inc | 1209000 | $82.5M | 1.84% | +6.9% |
| 18 | COGT | Cogent Biosciences Inc | 2214470 | $78.7M | 1.75% | +109.0% |
| 19 | AA | Alcoa Corp | 1376050 | $73.1M | 1.63% | NEW |
| 20 | ENTG | Entegris Inc | 844160 | $71.1M | 1.58% | NEW |
| 21 | DOCU | Docusign Inc | 1019085 | $69.7M | 1.55% | -39.6% |
| 22 | LSCC | Lattice Semiconductor Corp | 925970 | $68.1M | 1.52% | NEW |
| 23 | BE | Bloom Energy Corp | 740545 | $64.3M | 1.43% | NEW |
| 24 | WAB | Wabtec | 300110 | $64.1M | 1.43% | -0.8% |
| 25 | ROKU | Roku Inc | 582980 | $63.2M | 1.41% | -29.1% |
| 26 | FIGR | Figure Technology Solutio | 1539785 | $62.9M | 1.40% | -27.3% |
| 27 | SPY | SPDR S&P 500 ETF | 90000 | $61.4M | 1.37% | — |
| 28 | CRH | Crh Plc | 474955 | $59.3M | 1.32% | +20.6% |
| 29 | EEM | iShares MSCI Emerging Markets ETF | 226000 | $55.6M | 1.24% | — |
| 30 | OPCH | Option Care Health Inc | 1745950 | $55.6M | 1.24% | 78.6% |
| 31 | EEM | iShares MSCI Emerging Markets ETF | 902500 | $49.4M | 1.10% | +-52.5% |
| 32 | DAL | Delta Air Lines Inc Del | 650910 | $45.2M | 1.01% | NEW |
| 33 | UAL | United Airls Hldgs Inc | 348400 | $39.0M | 0.87% | NEW |
| 34 | STUB | Stubhub Hldgs Inc | 2305751 | $31.2M | 0.69% | -45.9% |
| 35 | ON | On Semiconductor Corp | 536260 | $29.0M | 0.65% | NEW |
| 36 | FLUT | Flutter Entmt Plc | 115245 | $24.8M | 0.55% | — |
| 37 | PCTBP | Purecycle Technologies Inc | 2878434 | $24.7M | 0.55% | +25.0% |
| 38 | AEVA | Aeva Technologies Inc | 1824862 | $24.2M | 0.54% | -0.8% |
| 39 | GS | Goldman Sachs Group Inc | 27500 | $24.2M | 0.54% | NEW |
| 40 | CLF | Cleveland-Cliffs Inc New | 1745655 | $23.2M | 0.52% | -35.7% |
| 41 | AMZN | Amazon Com Inc | 100000 | $23.1M | 0.51% | NEW |
| 42 | YPF | Ypf Sociedad Anonima | 606990 | $21.9M | 0.49% | +429.2% |
| 43 | STMEF | Stmicroelectronics N V | 773555 | $20.1M | 0.45% | NEW |
| 44 | U | Unity Software Inc | 410020 | $18.1M | 0.40% | -53.5% |
| 45 | SCCO | Southern Copper Corp | 120817 | $17.3M | 0.39% | NEW |
| 46 | DAKT | Daktronics Inc | 852960 | $16.9M | 0.38% | +-40.6% |
| 47 | RH | Rh | 88200 | $15.8M | 0.35% | NEW |
| 48 | CMG | Chipotle Mexican Grill Inc | 391930 | $14.5M | 0.32% | +68.1% |
| 49 | PTGX | Protagonist Therapeutics Inc | 159700 | $13.9M | 0.31% | — |
| 50 | Z | Zillow Group Inc | 192640 | $13.1M | 0.29% | NEW |
| 51 | CDTX | Cidara Therapeutics Inc | 49495 | $10.9M | 0.24% | NEW |
| 52 | PM | Philip Morris Intl Inc | 67400 | $10.8M | 0.24% | NEW |
| 53 | AAL | American Airls Group Inc | 639785 | $9.8M | 0.22% | NEW |
| 54 | AGX | Argan Inc | 30000 | $9.4M | 0.21% | NEW |
| 55 | DASH | Doordash Inc | 35900 | $8.1M | 0.18% | NEW |
| 56 | PGNY | Progyny Inc | 295115 | $7.6M | 0.17% | NEW |
| 57 | ECHO | Echostar Corp | 60765 | $6.6M | 0.15% | — |
| 58 | ADMA | Adma Biologics Inc | 252200 | $4.6M | 0.10% | NEW |
| 59 | ALM | Almonty Inds Inc | 469880 | $4.1M | 0.09% | NEW |
| 60 | WOLF | Wolfspeed Inc | 186900 | $3.3M | 0.07% | NEW |
| 61 | WVE | Wave Life Sciences Ltd | 173000 | $2.9M | 0.07% | NEW |
| 62 | NP | Neptune Ins Hldgs Inc | 20000 | $583K | 0.01% | NEW |