Stanley Druckenmiller

Net buying

Duquesne Family Office LLC — managed by Stanley Druckenmiller; US equity positions disclosed quarterly via SEC 13F

Data as of 2026-03-31 (filed 2026-05-15) · Source: SEC EDGAR

Portfolio value$3.38B（−25%）

Holdings70（+8）

Reporting quarterQ1 2026

Top holdingNatera Inc

Portfolio overview

Duquesne Family Office LLC's most recent 13F filing, for the quarter ended 2026-03-31, reports 70 positions worth $3.38B. The top 5 holdings represent 42% of that value, a moderately concentrated portfolio.

The single largest position is Natera Inc at 18.1% of the portfolio, followed by Ishares Inc at 8.7% and Insmed Inc at 5.6%.

Against the prior quarter, Stanley Druckenmiller opened 31 new positions, exited 23, added to 13, and trimmed 19. The largest new buy was Invesco Exchange Traded Fd T. The most notable sale was the full exit from Select Sector Spdr Tr.

Across all 8 quarters on file, Natera Inc has appeared in every filing, as has Insmed Inc. Natera Inc currently ranks first by value.

A 13F is filed roughly 45 days after quarter-end and covers only long positions in US-listed equities, so it is a lagging and partial view of the portfolio. Source: SEC EDGAR.

High-conviction

Bbb Foods IncTBBBAdding · 4q

Added for 4 straight quarters.

Option Care Health IncOPCHAdding · 4q

Added for 4 straight quarters.

Natera IncNTRABig new buy

Big add last quarter — 18.1% of the book.

Strike-zone picks

None of Stanley Druckenmiller's tracked holdings are in the strike zone right now.

Valuation as of 2026-07-02; method: conservative Greenwald value band + Owner-Earnings DCF. Position observation, not advice.

Next · is it cheap

Stanley Druckenmiller has no positions in the strike zone right now.

Browse the whole market by value band

Holdings

Security	Value	Valuation	Holders	Shares	Weight (prev→now)
Natera IncNTRA	$612.7M	—	4	3,063,606	12.8% → 18.1% ▲
Insmed IncINSM	$188.7M	—	2	1,154,090	5.7% → 5.6% ▼
Taiwan Semiconductor ManufacTSM	$167.4M	—	21	495,280	3.7% → 5.0% ▼
Ishares IncEWZ	$162.3M	—	1	4,228,000	3.0% → 4.8%
Invesco Exchange Traded Fd TRSP	$157.6M	—	3	821,000	New · 4.7%
Ypf Sociedad AnonimaYPF	$149.6M	—	2	3,235,962	0.5% → 4.4% ▲
Ishares IncEWZ	$131.9M	—	1	3,436,170	2.5% → 3.9% ▼
Bbb Foods IncTBBB	$110.0M	—	2	3,109,202	2.0% → 3.3% ▲
Alcoa CorpAA	$99.1M	Above value	3	1,493,390	1.6% → 2.9% ▲
Newamsterdam Pharma CompanyNAMS	$98.3M	—	3	3,070,146	2.4% → 2.9%
Sea LtdSE	$91.1M	—	7	1,099,905	2.7% → 2.7% ▲
Stmicroelectronics N VSTM	$90.3M	Above value	1	2,612,880	0.4% → 2.7% ▲
Woodward IncWWD	$75.6M	Above value	2	211,355	4.0% → 2.2% ▼
Teva Pharmaceutical Inds LtdTEVA	$71.6M	Above value	4	2,377,285	4.1% → 2.1% ▼
Roku IncROKU	$71.0M	—	3	750,190	1.4% → 2.1% ▲
Broadcom IncAVGO	$60.6M	Above value	11	195,955	New · 1.8%
State Str Spdr S&P 500 Etf TSPY	$58.5M	—	8	90,000	1.4% → 1.7%
Coupang IncCPNG	$50.4M	—	9	2,667,485	3.6% → 1.5% ▼
Option Care Health IncOPCH	$50.3M	Above value	2	1,868,550	1.2% → 1.5% ▲
Amazon Com IncAMZN	$41.7M	Above value	31	200,000	0.5% → 1.2% ▲
Crh PlcCRH	$39.7M	—	6	377,555	1.3% → 1.2% ▼
Figure Technology SolutioFIGR	$39.1M	Above value	4	1,150,415	1.4% → 1.2% ▼
Global X FdsARGT	$36.2M	—	1	387,400	New · 1.1%
Caris Life Sciences IncCAI	$33.9M	—	1	1,894,450	New · 1.0%
Restaurant Brands Intl IncQSR	$33.6M	Above value	5	454,435	1.8% → 1.0% ▼

Natera IncNTRA
Value$612.7MValuation—Holders4Weight (prev→now)12.8% → 18.1% ▲
Insmed IncINSM
Value$188.7MValuation—Holders2Weight (prev→now)5.7% → 5.6% ▼
Taiwan Semiconductor ManufacTSM
Value$167.4MValuation—Holders21Weight (prev→now)3.7% → 5.0% ▼
Ishares IncEWZ
Value$162.3MValuation—Holders1Weight (prev→now)3.0% → 4.8%
Invesco Exchange Traded Fd TRSP
Value$157.6MValuation—Holders3Weight (prev→now)New · 4.7%
Ypf Sociedad AnonimaYPF
Value$149.6MValuation—Holders2Weight (prev→now)0.5% → 4.4% ▲
Ishares IncEWZ
Value$131.9MValuation—Holders1Weight (prev→now)2.5% → 3.9% ▼
Bbb Foods IncTBBB
Value$110.0MValuation—Holders2Weight (prev→now)2.0% → 3.3% ▲
Alcoa CorpAA
Value$99.1MValuationAbove valueHolders3Weight (prev→now)1.6% → 2.9% ▲
Newamsterdam Pharma CompanyNAMS
Value$98.3MValuation—Holders3Weight (prev→now)2.4% → 2.9%
Sea LtdSE
Value$91.1MValuation—Holders7Weight (prev→now)2.7% → 2.7% ▲
Stmicroelectronics N VSTM
Value$90.3MValuationAbove valueHolders1Weight (prev→now)0.4% → 2.7% ▲
Woodward IncWWD
Value$75.6MValuationAbove valueHolders2Weight (prev→now)4.0% → 2.2% ▼
Teva Pharmaceutical Inds LtdTEVA
Value$71.6MValuationAbove valueHolders4Weight (prev→now)4.1% → 2.1% ▼
Roku IncROKU
Value$71.0MValuation—Holders3Weight (prev→now)1.4% → 2.1% ▲
Broadcom IncAVGO
Value$60.6MValuationAbove valueHolders11Weight (prev→now)New · 1.8%
State Str Spdr S&P 500 Etf TSPY
Value$58.5MValuation—Holders8Weight (prev→now)1.4% → 1.7%
Coupang IncCPNG
Value$50.4MValuation—Holders9Weight (prev→now)3.6% → 1.5% ▼
Option Care Health IncOPCH
Value$50.3MValuationAbove valueHolders2Weight (prev→now)1.2% → 1.5% ▲
Amazon Com IncAMZN
Value$41.7MValuationAbove valueHolders31Weight (prev→now)0.5% → 1.2% ▲
Crh PlcCRH
Value$39.7MValuation—Holders6Weight (prev→now)1.3% → 1.2% ▼
Figure Technology SolutioFIGR
Value$39.1MValuationAbove valueHolders4Weight (prev→now)1.4% → 1.2% ▼
Global X FdsARGT
Value$36.2MValuation—Holders1Weight (prev→now)New · 1.1%
Caris Life Sciences IncCAI
Value$33.9MValuation—Holders1Weight (prev→now)New · 1.0%
Restaurant Brands Intl IncQSR
Value$33.6MValuationAbove valueHolders5Weight (prev→now)1.8% → 1.0% ▼

Showing top 25 of 70 positions

Exited this quarter (23)Select Sector Spdr Tr、Invesco Exchange Traded Fd T、Alphabet Inc、Cogent Biosciences Inc、Entegris Inc、Docusign Inc、Ishares Tr、Delta Air Lines Inc、On Semiconductor Corp、Flutter Entmt Plc、Aeva Technologies Inc、Goldman Sachs Group Inc… +11 more

Sources· SEC EDGAR 13F as of 2026-03-31 · filed 2026-05-15

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