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Stanley Druckenmiller / Duquesne

⭐ Priority · directional-only · 31-DEC-2025 → 31-MAR-2026

AUM $3,376,828 · 68 positions · top-10 58.3% · SEC filing history →

13FScore 91/100 — cloning their disclosed top holdings over ~4.7y returned +25%/yr vs S&P +10%/yr (alpha +15%/yr), ahead of the market in 63% of quarters. Cloneable 13F equity book only — excludes hedges/shorts/non-US.

New positions

Issuer% bookValueSince entryConvictionBusinessTags
$AVGO · Broadcom Inc1.8%$60,650+20%MedBroadcom designs semiconductors for networking, broadband, wireless, and storage markets and provides enterprise infrastructure software, including VMware.NASDAQS&PSerenityBitget →
$ARGT · Global X Fds1.1%$36,152-1%MedGlobal X Funds is an exchange-traded fund family; the ARGT fund tracks an index of Argentine equities, providing exposure to companies operating in Argentina.
$CAI · Caris Life Sciences Inc1.0%$33,873-8%MedCaris Life Sciences is a molecular-science and precision-medicine company offering comprehensive tumor genomic profiling and AI-driven diagnostics to guide cancer treatment.NASDAQ
$RVMD · Revolution Medicines Inc0.9%$30,717+91%MedRevolution Medicines is a clinical-stage oncology company developing targeted therapies against RAS and related cancer-driving mutations.NASDAQCitrini
$HUM · Humana Inc0.7%$23,842+131%MedA US health-insurance company focused on Medicare Advantage and government-sponsored health plans, and offering integrated care and pharmacy services.S&P
$TWLO · Twilio Inc0.7%$22,869+64%MedTwilio provides cloud communications APIs and software that let developers embed messaging, voice, email, and video into applications, plus customer-engagement tools.CitriniBitget →
$SNDK · Sandisk Corp0.7%$24,241+113%MedSanDisk designs and produces flash memory storage products, including solid-state drives, memory cards, and USB drives for consumer and enterprise use.NASDAQS&PCitriniSerenityBitget →
$GSG · Ishares S&P Gsci Commodity-0.6%$20,737-3%Med
$JBL · Jabil Inc0.6%$21,835+13%MedA global electronics-manufacturing-services (EMS) provider that offers design, manufacturing and supply-chain solutions for products across healthcare, automotive, cloud and consumer markets.S&PCitriniSerenity
$NUVB · Nuvation Bio Inc0.6%$19,476+35%MedNuvation Bio is a biopharmaceutical company developing therapies for oncology, addressing difficult-to-treat cancers.Citrini
$LIN · Linde Plc0.6%$20,425+5%MedLinde is a global industrial gases and engineering company that produces and distributes atmospheric and process gases such as oxygen, nitrogen, argon, and hydrogen for a wide range of industries.NASDAQS&PBitget →
Seagate Technology Hldngs Pl0.6%$19,862MedSeagate Technology designs and manufactures hard disk drives and data storage systems and solutions for enterprise, cloud, and consumer markets.
$ARM · Arm Holdings Plc0.5%$16,142+77%MedArm Holdings designs and licenses energy-efficient processor architectures and intellectual property used in most smartphones and a wide range of other computing devices.NASDAQSerenityBitget →
$BLTE · Belite Bio Inc Sponsored0.5%$16,917-6%MedNASDAQ
$INTC · Intel Corp0.5%$18,155+115%MedDesigns and manufactures microprocessors, chipsets and related semiconductor products for personal computers, data centers and other computing markets, and operates chip foundries.NASDAQS&PSerenityBitget →
$OLMA · Olema Pharmaceuticals Inc0.4%$14,714-23%MedNASDAQ
$Q · Qnity Electronics Inc0.4%$14,498+18%MedQnity Electronics, a spinoff of DuPont's electronics business, supplies specialty materials and solutions used in semiconductor and advanced electronics manufacturing.S&P
$XENE · Xenon Pharmaceuticals Inc0.4%$13,875+17%MedNeurology-focused biopharma (epilepsy, depression)NASDAQ
$COHR · Coherent Corp0.3%$9,624+17%MedManufactures lasers, optics, photonics, and compound-semiconductor materials for optical communications, industrial, aerospace and defense, and electronics markets.S&PSerenityBitget →
$CLS · Celestica Inc0.3%$9,373+7%MedCelestica provides electronics-manufacturing services and hardware-platform solutions, designing and building products for aerospace, defense, communications, and cloud and enterprise data-center customers.Citrini
$NET · Cloudflare Inc0.3%$10,840+35%MedOperates a global cloud platform providing content delivery, DDoS protection, web security, zero-trust networking, and edge-computing services to websites and applications.CitriniSerenity
$TWST · Twist Bioscience Corp0.3%$9,789+97%MedNASDAQ
$VIST · Vista Energy S.A.B. De C.V.0.3%$10,166-15%Med
$JBS · Jbs N.V.0.3%$11,780-32%MedOne of the world's largest meat and food processors, producing beef, poultry, pork and prepared foods with operations across the Americas, Europe and Australia.
Lyondellbasell Industries Nv0.3%$10,588MedLyondellBasell Industries is a chemical company that produces plastics, polymers, and petrochemicals, including polyethylene and polypropylene, and licenses polyolefin process technologies.
$DBVT · Dbv Technologies S A Sponsored0.2%$8,008-30%MedNASDAQ
$MU · Micron Technology Inc0.2%$7,905+151%MedMicron Technology designs and manufactures memory and storage products, including DRAM, NAND flash, and related memory technologies used in computing, data centers, mobile, automotive, and networking.NASDAQS&PCitriniSerenityBitget →
$SOLS · Solstice Advanced Matls Inc0.1%$4,762-23%MedSolstice Advanced Materials, a spinoff from Honeywell, produces specialty chemicals and materials, including low-global-warming refrigerants, electronic materials and industrial fluorine products.NASDAQCitrini
$LITE · Lumentum Hldgs Inc0.1%$4,893+4%MedLumentum designs and manufactures optical and photonic components and modules used in telecom and datacom networking, as well as lasers for industrial and 3D-sensing applications.NASDAQS&PCitriniSerenityBitget →
$UEO · Westlake Corporation0.1%$2,476MedChemicals, plastics and building products

Added to (≥+25% shares)

Issuer% bookΔ sharesSince addConvictionBusinessTags
$YPF · Ypf Sociedad Anonima4.4%+433%+7%LowArgentina's state-controlled oil and gas company
$STM · Stmicroelectronics N V2.7%+238%+80%LowEuropean semiconductor manufacturerCitrini
$ROKU · Roku Inc2.1%+29%+53%LowRoku operates a streaming platform and sells streaming players and smart-TV software, earning revenue from advertising, subscriptions, and licensing of its TV operating system.NASDAQ
$CLF · Cleveland-Cliffs Inc New0.6%+33%+10%LowThe largest flat-rolled steel producer in North America and a major supplier of iron ore, serving the automotive and other manufacturing markets.Citrini
$U · Unity Software Inc0.5%+80%+32%LowReal-time 3D game development engine
$ADMA · Adma Biologics Inc0.4%+513%-3%LowADMA Biologics is a biopharmaceutical company that develops, manufactures, and markets plasma-derived immunoglobulin therapies for immune-deficient and infection-prone patients.NASDAQ

Top holdings now

Issuer% bookSince entryBusinessTags
$NTRA · Natera Inc18.1%+519% Q3 '22Natera provides cell-free DNA and genetic testing for prenatal screening, oncology minimal-residual-disease monitoring, and organ-transplant health.NASDAQ
$EWZ · Ishares Inc8.7%+11% Q4 '25The iShares exchange-traded fund family from BlackRock; under ticker EWY the fund tracks a South Korea equity index, holding large- and mid-cap Korean stocks.
$INSM · Insmed Inc5.6%+54% Q2 '24A biopharmaceutical company developing and commercializing therapies for rare and serious diseases, including pulmonary and inflammatory conditions.NASDAQ
$TSM · Taiwan Semiconductor Manufac5.0%+129% Q3 '24Taiwan Semiconductor Manufacturing (TSMC) is the world's largest dedicated semiconductor foundry, manufacturing advanced logic chips on a contract basis for fabless chip designers.CitriniSerenityBitget →
$RSP · Invesco Exchange Traded Fd T4.7%+11% Q4 '25An exchange-traded fund in the Invesco family; under ticker RSP it tracks the S&P 500 Equal Weight Index, holding S&P 500 constituents in roughly equal proportions.
$YPF · Ypf Sociedad Anonima4.4%+147% Q2 '24Argentina's state-controlled oil and gas company
$TBBB · Bbb Foods Inc3.3%+51% Q2 '25Mexican discount grocery retailer (Tiendas 3B)
$AA · Alcoa Corp2.9%-17% Q4 '25Alcoa is an integrated aluminum producer that mines bauxite, refines alumina, and smelts and sells primary aluminum to industrial customers worldwide.Citrini
Newamsterdam Pharma Company2.9%Biopharma developing cardiovascular cholesterol drug (obicetrapib)
$SE · Sea Ltd2.7%-35% Q2 '25Southeast Asia gaming, e-commerce and fintech (Shopee)

Since entry / add = price change to the latest close (31-MAR-2026 book marked to market). Top holdings measure from the quarter-end when the name first entered the filer's disclosed top holdings (tagged e.g. Q1 '26); new & added positions measure from this quarter's quarter-end. Based on disclosed 13F snapshots — an approximation of entry, not the manager's actual cost basis. Generated 2026-07-20 · Alpha-Investor tracker