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 |
Amazon
AMZN
|
+$98.9M |
| 2 |
iShares MSCI Emerging Markets ETF
EEM
|
+$95.4M |
| 3 |
FIGR
Figure Technology Solutions
FIGR
|
+$82.2M |
| 4 |
STUB
StubHub Holdings
STUB
|
+$78.1M |
| 5 |
Meta Platforms (Facebook)
META
|
+$56.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Philip Morris
PM
|
+$149M |
| 2 |
Entegris
ENTG
|
+$133M |
| 3 |
Coherent
COHR
|
+$103M |
| 4 |
Microsoft
MSFT
|
+$99.9M |
| 5 |
Flutter Entertainment
FLUT
|
+$84.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 35.34% |
| 2 | Consumer Discretionary | 16.39% |
| 3 | Technology | 14.01% |
| 4 | Industrials | 8.68% |
| 5 | Communication Services | 6.64% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
Delta Air Lines
DAL
$60.1B
| – | – |
-793,510
| Closed | -$39M |
|
77
Danaher
DHR
$144B
| – | – |
-24,700
| Closed | -$4.88M |
|
|
78
Entegris
ENTG
$23.2B
| – | – |
-1,645,885
| Closed | -$133M |
|
79
Elbit Systems
ESLT
$40.3B
| – | – |
-18,287
| Closed | -$8.22M |
|
80
iShares MSCI Brazil ETF
EWZ
$8.95B
| – | – |
-738,800
| Closed | -$21.3M |
|
81
Freeport-McMoran
FCX
$97.5B
| – | – |
-224,800
| Closed | -$9.74M |
|
82
Galicia Financial Group
GGAL
$7.42B
| – | – |
-231,481
| Closed | -$11.7M |
|
83
Corning
GLW
$143B
| – | – |
-623,145
| Closed | -$32.8M |
|
84
Goldman Sachs
GS
$303B
| – | – |
-42,000
| Closed | -$29.7M |
|
85
Hasbro
HAS
$13.2B
| – | – |
-281,100
| Closed | -$20.8M |
|
86
Illumina
ILMN
$28.4B
| – | – |
-300,615
| Closed | -$28.7M |
|
87
CALL
Insmed
INSM
$28.6B
| – | – |
-100,000
| Closed | -$10.1M |
|
88
Joby Aviation
JOBY
$8.55B
| – | – |
-31,489
| Closed | -$332K |
|
89
Kinder Morgan
KMI
$68.7B
| – | – |
-1,071,665
| Closed | -$31.5M |
|
90
Eli Lilly
LLY
$1.06T
| – | – |
-100,675
| Closed | -$78.5M |
|
|
91
Microsoft
MSFT
$3.71T
| – | – |
-200,930
| Closed | -$99.9M |
|
|
92
Philip Morris
PM
$295B
| – | – |
-815,975
| Closed | -$149M |
|
93
Thermo Fisher Scientific
TMO
$220B
| – | – |
-12,200
| Closed | -$4.95M |
|
94
United Airlines
UAL
$42.1B
| – | – |
-377,120
| Closed | -$30M |
|
95
Viking Therapeutics
VKTX
$4B
| – | – |
-549,295
| Closed | -$14.6M |
|
96
Warner Bros
WBD
$67.1B
| – | – |
-6,537,160
| Closed | -$74.9M |
|
97
State Street Financial Select Sector SPDR ETF
XLF
$58.2B
| – | – |
-985,300
| Closed | -$51.6M |
|
98
XPO
XPO
$23.7B
| – | – |
-163,100
| Closed | -$20.6M |
|
Similar funds
Stanley Druckenmiller's Q3 2025 Portfolio in Review
As of Q3 2025, Stanley Druckenmiller held 98 positions worth $4.06B, down 0.23% from $4.07B the previous quarter. Its ten largest holdings account for 54% of the portfolio.
Stanley Druckenmiller withdrew a net $283M in Q3 2025, closing 33 positions and reducing 15 holdings. Its most notable exit was Philip Morris, an estimated $149M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 35% of assets, up from 32% a quarter earlier, followed by Consumer Discretionary and Technology.
Against the trend, Stanley Druckenmiller opened a new position in Amazon worth $96M.
- Stanley Druckenmiller's largest Q3 2025 buy was Amazon: 437,070 shares worth $96M.
- Stanley Druckenmiller added most to Twilio in Q3 2025, an estimated $35.2M increase.
- Stanley Druckenmiller's biggest Q3 2025 reduction was Flutter Entertainment, cutting an estimated $84.9M.
- Stanley Druckenmiller fully exited Philip Morris in Q3 2025, selling an estimated $149M.
- Stanley Druckenmiller's ten largest holdings make up 54% of its $4.06B portfolio in Q3 2025.
- Stanley Druckenmiller opened 29 new positions and closed 33 in Q3 2025.
- Stanley Druckenmiller's portfolio value fell 0.23% quarter-over-quarter to $4.06B.
Based on Duquesne Family Office's 13F filing for Q3 2025, filed 14 Nov 2025.