Stanley Druckenmiller Duquesne Family Office
Stanley Druckenmiller is the founder of Duquesne Family Office and one of the most closely watched macro investors of his generation. He first became widely known as lead portfolio manager of the Quantum Fund alongside George Soros, including during the famous 1992 bet against the British pound. After returning outside capital, he has continued to invest with a flexible, top-down approach that blends macroeconomic views with concentrated equity and commodity positions.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Teva Pharmaceuticals
TEVA
|
+$138M |
| 2 |
United Airlines
UAL
|
+$88.2M |
| 3 |
SKX
Skechers
SKX
|
+$69.7M |
| 4 |
Amazon
AMZN
|
+$67.2M |
| 5 |
SLM Corp
SLM
|
+$62.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P Regional Banking ETF
KRE
|
+$93M |
| 2 |
Coupang
CPNG
|
+$68.6M |
| 3 |
Flutter Entertainment
FLUT
|
+$61.3M |
| 4 |
Broadcom
AVGO
|
+$41.4M |
| 5 |
Mid-America Apartment Communities
MAA
|
+$37.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 26.79% |
| 2 | Technology | 16.12% |
| 3 | Industrials | 14.6% |
| 4 | Consumer Discretionary | 12.12% |
| 5 | Financials | 9.77% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
TriSalus Life Sciences
TLSI
$345M
| $2.14M | 0.06% |
426,921
| – | – |
|
77
Joby Aviation
JOBY
$8.55B
| $256K | 0.01% |
31,489
+8,997
| +40% | +$59.7K |
|
78
Invivyd
IVVD
$218M
| $253K | 0.01% |
571,425
| – | – |
|
79
Adobe
ADBE
$105B
| – | – |
-34,495
| Closed | -$17.9M |
|
80
Autodesk
ADSK
$52.6B
| – | – |
-36,400
| Closed | -$10M |
|
|
81
Broadcom
AVGO
$2.04T
| – | – |
-239,980
| Closed | -$41.4M |
|
|
BCYC
82
Bicycle Therapeutics
BCYC
$292M
| – | – |
-190,200
| Closed | -$4.3M |
|
83
Chubb
CB
$135B
| – | – |
-34,800
| Closed | -$10M |
|
84
Citizens Financial Group
CFG
$30.6B
| – | – |
-238,600
| Closed | -$9.8M |
|
85
Core & Main
CNM
$8.71B
| – | – |
-475,195
| Closed | -$21.1M |
|
86
Camden Property Trust
CPT
$11.3B
| – | – |
-290,915
| Closed | -$35.9M |
|
87
CRH
CRH
$66.8B
| – | – |
-162,500
| Closed | -$15.1M |
|
88
IHS Holding
IHS
$2.81B
| – | – |
-770,310
| Closed | -$2.3M |
|
|
89
Mid-America Apartment Communities
MAA
$15.7B
| – | – |
-238,720
| Closed | -$37.9M |
|
90
Microsoft
MSFT
$3.71T
| – | – |
-43,095
| Closed | -$18.5M |
|
91
M&T Bank
MTB
$36.2B
| – | – |
-56,200
| Closed | -$10M |
|
92
Nurix Therapeutics
NRIX
$2.65B
| – | – |
-44,200
| Closed | -$993K |
|
93
CALL
Philip Morris
PM
$295B
| – | – |
-472,200
| Closed | -$57.3M |
|
94
Starbucks
SBUX
$120B
| – | – |
-52,305
| Closed | -$5.1M |
|
|
SLN
95
Silence Therapeutics
SLN
$564M
| – | – |
-387,400
| Closed | -$7.04M |
|
96
ARS Pharmaceuticals
SPRY
$612M
| – | – |
-536,900
| Closed | -$7.79M |
|
97
PUT
TPG
TPG
$7.86B
| – | – |
-217,500
| Closed | -$12.5M |
|
98
TC Energy
TRP
$65.9B
| – | – |
-115,400
| Closed | -$5.49M |
|
99
XPO
XPO
$23.7B
| – | – |
-46,500
| Closed | -$5M |
|
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Stanley Druckenmiller's Q4 2024 Portfolio in Review
As of Q4 2024, Stanley Druckenmiller held 99 positions worth $3.72B, up 26% from $2.95B the previous quarter. Its ten largest holdings account for 54% of the portfolio.
Stanley Druckenmiller deployed $555M of net new capital in Q4 2024, opening 24 new positions and adding to 23 existing holdings. Its largest new stake was United Airlines: 1,043,805 shares worth $101M.
By sector, the portfolio is most concentrated in Healthcare at 27% of assets, up from 21% a quarter earlier, followed by Technology and Industrials.
On the sell side, the largest reduction was State Street SPDR S&P Regional Banking ETF, an estimated $93M trimmed.
- Stanley Druckenmiller's largest Q4 2024 buy was United Airlines: 1,043,805 shares worth $101M.
- Stanley Druckenmiller added most to Teva Pharmaceuticals in Q4 2024, an estimated $138M increase.
- Stanley Druckenmiller's biggest Q4 2024 reduction was State Street SPDR S&P Regional Banking ETF, cutting an estimated $93M.
- Stanley Druckenmiller fully exited Broadcom in Q4 2024, selling an estimated $41.4M.
- Stanley Druckenmiller's ten largest holdings make up 54% of its $3.72B portfolio in Q4 2024.
- Stanley Druckenmiller opened 24 new positions and closed 21 in Q4 2024.
- Stanley Druckenmiller's portfolio value rose 26% quarter-over-quarter to $3.72B.
Based on Duquesne Family Office's 13F filing for Q4 2024, filed 14 Feb 2025.