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 |
Natera
NTRA
|
+$183M |
| 2 |
State Street SPDR S&P Regional Banking ETF
KRE
|
+$113M |
| 3 |
Broadcom
AVGO
|
+$38.5M |
| 4 |
Ascendis Pharma A/S
ASND
|
+$35.8M |
| 5 |
nVent Electric
NVT
|
+$31.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vistra
VST
|
+$190M |
| 2 |
Microsoft
MSFT
|
+$153M |
| 3 |
Kinder Morgan
KMI
|
+$87.2M |
| 4 |
Mid-America Apartment Communities
MAA
|
+$61.8M |
| 5 |
Option Care Health
OPCH
|
+$51.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 21.46% |
| 2 | Healthcare | 21.04% |
| 3 | Consumer Discretionary | 15.34% |
| 4 | Industrials | 9.47% |
| 5 | Financials | 8.09% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Natera
NTRA
$39.5B
| $453M | 15.34% |
3,566,850
+1,591,970
| +81% | +$183M |
|
2
Coupang
CPNG
$30.3B
| $287M | 9.73% |
11,696,092
+724,952
| +7% | +$16.1M |
|
3
Coherent
COHR
$63.9B
| $265M | 8.97% |
2,978,530
-611,010
| -17% | -$45.7M |
|
4
Woodward
WWD
$22.1B
| $181M | 6.15% |
1,057,715
+103,485
| +11% | +$17.2M |
|
5
Seagate
STX
$194B
| $180M | 6.09% |
1,640,369
-114,909
| -7% | -$11.7M |
|
6
Philip Morris
PM
$290B
| $138M | 4.67% |
1,134,635
+245,280
| +28% | +$28.5M |
|
|
7
State Street SPDR S&P Regional Banking ETF
KRE
$4.75B
| $116M | 3.94% |
+2,053,323
| New | +$113M |
|
8
Mercado Libre
MELI
$95.3B
| $98.7M | 3.34% |
48,110
+11,617
| +32% | +$21.9M |
|
9
Freeport-McMoran
FCX
$96.5B
| $68.7M | 2.33% |
1,376,935
+223,800
| +19% | +$10.1M |
|
10
Flutter Entertainment
FLUT
$18.2B
| $61.8M | 2.09% |
260,953
-74,123
| -22% | -$15.4M |
|
|
11
Kinder Morgan
KMI
$70B
| $57.7M | 1.95% |
2,612,000
-4,141,165
| -61% | -$87.2M |
|
|
12
CALL
Philip Morris
PM
$290B
| $57.3M | 1.94% |
472,200
-490,800
| -51% | -$57M |
|
13
Teck Resources
TECK
$31.8B
| $53.1M | 1.8% |
1,017,085
-436,325
| -30% | -$20.8M |
|
|
14
Vistra
VST
$48.6B
| $46.4M | 1.57% |
391,355
-2,233,876
| -85% | -$190M |
|
|
15
Broadcom
AVGO
$2T
| $41.4M | 1.4% |
+239,980
| New | +$38.5M |
|
|
DFS
16
DELISTED
Discover Financial Services
DFS
| $40M | 1.35% |
284,865
+117,610
| +70% | +$15.8M |
|
|
17
Ascendis Pharma A/S
ASND
$16B
| $39.6M | 1.34% |
+265,040
| New | +$35.8M |
|
|
18
Mid-America Apartment Communities
MAA
$15.5B
| $37.9M | 1.28% |
238,720
-405,470
| -63% | -$61.8M |
|
19
Camden Property Trust
CPT
$11B
| $35.9M | 1.22% |
290,915
-287,000
| -50% | -$33.9M |
|
20
Daktronics
DAKT
$1.04B
| $33.2M | 1.12% |
2,568,355
+74,750
| +3% | +$1.03M |
|
21
Wabtec
WAB
$50.6B
| $32.7M | 1.11% |
179,650
+28,975
| +19% | +$4.75M |
|
|
22
nVent Electric
NVT
$26.4B
| $31.7M | 1.07% |
+451,065
| New | +$31.1M |
|
|
23
CALL
Seagate
STX
$194B
| $28.8M | 0.98% |
+263,000
| New | +$26.9M |
|
24
Banco Macro
BMA
$5.83B
| $26.9M | 0.91% |
424,130
+151,000
| +55% | +$8.71M |
|
25
Teva Pharmaceuticals
TEVA
$40.1B
| $25.7M | 0.87% |
+1,427,950
| New | +$25M |
|
Similar funds
Stanley Druckenmiller's Q3 2024 Portfolio in Review
As of Q3 2024, Stanley Druckenmiller held 97 positions worth $2.95B, up 1.2% from $2.92B the previous quarter. Its ten largest holdings account for 63% of the portfolio.
Stanley Druckenmiller withdrew a net $266M in Q3 2024, closing 22 positions and reducing 20 holdings. Its most notable exit was Option Care Health, an estimated $51.8M position sold in full.
By sector, the portfolio is most concentrated in Technology at 21% of assets, down from 31% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Stanley Druckenmiller opened a new position in State Street SPDR S&P Regional Banking ETF worth $116M.
- Stanley Druckenmiller's largest Q3 2024 buy was State Street SPDR S&P Regional Banking ETF: 2,053,323 shares worth $116M.
- Stanley Druckenmiller added most to Natera in Q3 2024, an estimated $183M increase.
- Stanley Druckenmiller's biggest Q3 2024 reduction was Vistra, cutting an estimated $190M.
- Stanley Druckenmiller fully exited Option Care Health in Q3 2024, selling an estimated $51.8M.
- Stanley Druckenmiller's ten largest holdings make up 63% of its $2.95B portfolio in Q3 2024.
- Stanley Druckenmiller opened 33 new positions and closed 22 in Q3 2024.
- Stanley Druckenmiller's portfolio value rose 1.2% quarter-over-quarter to $2.95B.
Based on Duquesne Family Office's 13F filing for Q3 2024, filed 14 Nov 2024.