Investor profile

Stanley Druckenmiller

Duquesne Family Office · Chairman · Net worth: ~$11B

Soros's right hand on the Black Wednesday Pound trade. 30+ years without a losing year.

"Macro top-down, concentrated bets, ride trends."

Today — 2026-04-21

All movers →

Portfolio day:+4.37%

Biggest winner:COHR +11.20%

Biggest loser:TSM -3.13%

Positions: Q4 2025 13F · Prices: EOD 2026-04-21

Latest 13F: Q4 2025(69d ago)Next due: Q1 2026by 2026-05-15View on SEC EDGAR →● RSS — move alerts

Tracked positions

Top concentration

44%

Longest holding

NVIDIA-class compounders

Concentration profile

Diversified

Top 1 · NTRA

12.8%

Top 5 combined

30.6%

Top 10 combined

44.0%

Tracked positions

NTRATop-5 zoneTop-10

Stanley's single largest bet is NTRA at 12.8% of tracked positions. Exposure is spread across a broader basket, reducing single-name risk.

Realized 10-year track record

Duquesne Family Office (private; estimates from press)

See leaderboard →

10y CAGR

17.0%

net of fees

Alpha vs S&P

+3.9%

vs 13.1% benchmark

Win rate

60%

years beating S&P

Quality score

7.2

computed 0–10

Best year

+42%

Worst year

-10%

Cumulative 10y

4.8×

Volatility

16%

Recent moves

Manager quality score: 7.2/10

Every tracked 13F move — buys, adds, trims, and exits — over the last two quarters.

Q4 2025

18 buys · 28 sells

Ticker	Activity	Share change	% portfolio
GOOGL	Add 277%	+283K	2.70%
SEA	Add 244%	+670K	2.70%
ALCOA	Buy (new)	+1.38M	1.60%
ENTG	Buy (new)	+844K	1.60%
DELL	Buy (new)	+651K	1.00%
ON	Buy (new)	+536K	0.60%
GS	Buy (new)	+28K	0.50%
RH	Buy (new)	+88K	0.40%
ARGAN	Buy (new)	+30K	0.20%
DASH	Buy (new)	+36K	0.20%
PFE	Buy (new)	+67K	0.20%
AMZN	Add 92%	+401K	4.30%
CMG	Add 68%	+159K	0.30%
CPNG	Add 46%	+2.14M	3.60%
PLTR	Add 45% Bigger Palantir position — AI software thesis.	+1.80M	4.10%
COHR	Add 22% Building Coherent further — optical networking.	+310K	8.30%
CRH	Add 21%	+81K	1.30%
QSR	Add 7%	+78K	1.80%
META	Sell (exit)	-76K	0.00%
BAC	Sell (exit)	-989K	0.00%
CRS	Sell (exit)	-220K	0.00%
C	Sell (exit)	-515K	0.00%
EQT	Sell (exit)	-895K	0.00%
GEV	Sell (exit)	-77K	0.00%
VST	Sell (exit)	-234K	0.00%
DHI	Sell (exit)	-205K	0.00%
LEN	Sell (exit)	-279K	0.00%
LSXMA	Sell (exit)	-288K	0.00%
SPGI	Sell (exit)	-482K	0.00%
ARM	Sell (exit)	-168K	0.00%
NU	Sell (exit)	-1.45M	0.00%
PDD	Sell (exit)	-1.65M	0.00%
STX	Sell (exit)	-86K	0.00%
COF	Sell (exit)	-44K	0.00%
MNST	Sell (exit)	-18K	0.00%
TEVA	Reduce 65%	-10.72M	4.10%
U	Reduce 54%	-472K	0.40%
IVV	Reduce 47%	-998K	2.30%
INSM	Reduce 39%	-942K	5.70%
CLF	Reduce 36%	-969K	0.50%
TSM	Reduce 29%	-222K	3.70%
ROKU	Reduce 29%	-239K	1.40%
NVDA	Reduce 25% Continuing to trim the NVDA home run. Taking profits.	-425K	8.60%
NTRA	Reduce 24%	-803K	12.80%
MELI	Reduce 19%	-11K	2.10%
MSFT	Reduce 10% Partial Microsoft trim.	-110K	8.20%

Q3 2025

26 buys · 25 sells

Ticker	Activity	Share change	% portfolio
IVV	Add 535%	+1.79M	3.80%
LEN	Add 211%	+190K	0.90%
BAC	Add 189%	+647K	1.30%
DHI	Add 165%	+128K	0.90%
AMZN	Buy (new)	+437K	2.40%
META	Buy (new)	+76K	1.40%
CRH	Buy (new)	+394K	1.20%
GEV	Buy (new)	+77K	1.20%
VST	Buy (new)	+234K	1.10%
CLF	Buy (new)	+2.72M	0.80%
LSXMA	Buy (new)	+288K	0.70%
SPGI	Buy (new)	+482K	0.70%
GOOGL	Buy (new)	+102K	0.60%
PDD	Buy (new)	+1.65M	0.60%
COF	Buy (new)	+44K	0.20%
CMG	Buy (new)	+233K	0.20%
MNST	Buy (new)	+18K	0.10%
WAB	Add 77%	+132K	1.50%
CRS	Add 74%	+93K	1.30%
QSR	Add 51%	+380K	1.80%
COHR	Add 30% Added to Coherent.	+420K	6.80%
TSM	Add 15% More Taiwan Semi — AI picks and shovels.	+60K	5.20%
CPNG	Add 13%	+528K	3.70%
MELI	Add 9%	+5K	3.40%
ARM	Buy (new) New ARM Holdings position.	+1.50M	3.20%
PFE	Sell (exit)	-816K	0.00%
ENTG	Sell (exit)	-1.65M	0.00%
MSFT	Sell (exit)	-201K	0.00%
LLY	Sell (exit)	-101K	0.00%
DELL	Sell (exit)	-794K	0.00%
APP	Sell (exit)	-89K	0.00%
KLAC	Sell (exit)	-1.07M	0.00%
BKNG	Sell (exit)	-1.55M	0.00%
GS	Sell (exit)	-42K	0.00%
BN	Sell (exit)	-86K	0.00%
XPO	Sell (exit)	-163K	0.00%
BLDR	Sell (exit)	-85K	0.00%
CCCS	Sell (exit)	-1.01M	0.00%
FCX	Sell (exit)	-225K	0.00%
DHR	Sell (exit)	-25K	0.00%
TMO	Sell (exit)	-12K	0.00%
FLUT	Reduce 72%	-290K	0.70%
NU	Reduce 57%	-1.96M	0.60%
STX	Reduce 57%	-112K	0.50%
U	Reduce 50%	-892K	0.90%
EQT	Reduce 29%	-358K	1.20%
ROKU	Reduce 25%	-278K	2.00%
C	Reduce 23%	-151K	1.30%
NVDA	Reduce 18% First NVDA profit-take round.	-374K	11.40%
SEA	Reduce 11%	-36K	1.20%

Showing top 50 by position change · 1 smaller moves hidden

Q2 2025

27 buys · 19 sells

Ticker	Activity	Share change	% portfolio
ROKU	Add 123%	+607K	2.40%
APP	Add 123%	+49K	0.80%
ENTG	Buy (new)	+1.65M	3.30%
MSFT	Buy (new)	+201K	2.50%
IVV	Buy (new)	+335K	1.80%
C	Buy (new)	+666K	1.40%
SPG	Buy (new)	+90K	1.40%
NU	Buy (new)	+3.42M	1.20%
QSR	Buy (new)	+751K	1.20%
SEA	Buy (new)	+310K	1.20%
U	Buy (new)	+1.77M	1.10%
CRS	Buy (new)	+127K	0.90%
GS	Buy (new)	+42K	0.70%
XPO	Buy (new)	+163K	0.50%
BAC	Buy (new)	+342K	0.40%
BLDR	Buy (new)	+85K	0.20%
DHI	Buy (new)	+77K	0.20%
LEN	Buy (new)	+90K	0.20%
DHR	Buy (new)	+25K	0.10%
TMO	Buy (new)	+12K	0.10%
INSM	Add 72%	+984K	5.80%
EQT	Add 46%	+393K	1.80%
COHR	Add 20% First Coherent add.	+280K	5.30%
TSM	Add 10% Building Taiwan Semi.	+40K	4.50%
TEVA	Add 7%	+1.09M	6.60%
FLUT	Add 7%	+28K	2.80%
LLY	Add 6%	+6K	1.90%
COF	Sell (exit)	-198K	0.00%
AMZN	Sell (exit)	-137K	0.00%
BBIO	Sell (exit)	-438K	0.00%
TECK	Sell (exit)	-432K	0.00%
CHK	Sell (exit)	-98K	0.00%
FLEX	Sell (exit)	-349K	0.00%
TSLA	Sell (exit)	-19K	0.00%
CCCS	Reduce 82%	-4.59M	0.20%
FCX	Reduce 78%	-793K	0.20%
BN	Reduce 73%	-230K	0.60%
BKNG	Reduce 59%	-2.27M	0.70%
STX	Reduce 58%	-268K	0.70%
CPNG	Reduce 56%	-5.20M	3.00%
WAB	Reduce 43%	-131K	0.90%
DELL	Reduce 39%	-501K	1.00%
KLAC	Reduce 35%	-582K	0.80%
PFE	Reduce 26%	-289K	3.70%
NVDA	Reduce 12% First NVDA trim of the cycle.	-275K	13.80%
NTRA	Reduce 6%	-203K	13.30%

Q1 2025

16 buys · 22 sells

Ticker	Activity	Share change	% portfolio
FLUT	Add 1985%	+359K	2.70%
INSM	Add 131%	+776K	3.40%
CCCS	Buy (new)	+5.60M	1.70%
EQT	Buy (new)	+859K	1.50%
COF	Buy (new)	+198K	1.20%
ROKU	Buy (new)	+494K	1.10%
BBIO	Buy (new)	+438K	0.50%
CHK	Buy (new)	+98K	0.40%
APP	Buy (new)	+40K	0.30%
TEVA	Add 65%	+5.88M	7.50%
LLY	Add 52%	+33K	2.60%
FCX	Add 34%	+259K	1.30%
BKNG	Add 20%	+630K	1.90%
WAB	Add 8%	+21K	1.80%
NVDA	Add 5% Small NVDA add before the trim cycle began.	+120K	15.60%
TSM	Buy (new) New TSM position.	+310K	4.10%
SLM	Sell (exit)	-2.52M	0.00%
VST	Sell (exit)	-283K	0.00%
GEV	Sell (exit)	-100K	0.00%
MU	Sell (exit)	-409K	0.00%
SPGI	Sell (exit)	-554K	0.00%
DFS	Sell (exit)	-147K	0.00%
ARM	Sell (exit)	-178K	0.00%
USB	Sell (exit)	-504K	0.00%
GOOGL	Sell (exit)	-77K	0.00%
LYV	Sell (exit)	-80K	0.00%
C	Sell (exit)	-73K	0.00%
IQV	Sell (exit)	-22K	0.00%
NU	Sell (exit)	-467K	0.00%
PLTR	Sell (exit)	-42K	0.00%
STX	Reduce 78%	-1.61M	1.30%
AMZN	Reduce 58%	-192K	0.90%
TSLA	Reduce 50%	-19K	0.20%
BN	Reduce 48%	-294K	0.50%
DELL	Reduce 27%	-473K	1.80%
KLAC	Reduce 26%	-571K	1.50%
COHR	Reduce 21%	-599K	4.70%
PFE	Reduce 18%	-247K	5.70%

Q4 2024

24 buys · 19 sells

Ticker	Activity	Share change	% portfolio
INSM	Add 2867%	+573K	1.10%
ARM	Add 726%	+157K	0.60%
TEVA	Add 530%	+7.57M	5.30%
GEV	Add 241%	+71K	0.90%
BN	Add 154%	+370K	0.90%
USB	Add 132%	+286K	0.60%
DELL	Buy (new)	+1.77M	2.90%
AMZN	Buy (new)	+328K	1.90%
SLM	Buy (new)	+2.52M	1.90%
LLY	Buy (new)	+62K	1.30%
MU	Buy (new)	+409K	0.90%
GOOGL	Buy (new)	+77K	0.40%
TSLA	Buy (new)	+38K	0.40%
LYV	Buy (new)	+80K	0.30%
IQV	Buy (new)	+22K	0.10%
NU	Buy (new)	+467K	0.10%
TSM	Add 87%	+50K	0.60%
BKNG	Add 59%	+1.18M	1.10%
WAB	Add 56%	+100K	1.40%
MSFT	Add 14% Adding Microsoft.	+160K	9.50%
MELI	Add 12%	+6K	2.50%
STX	Add 9%	+170K	4.80%
NVDA	Add 8% Pre-trim NVDA accumulation.	+220K	14.60%
COHR	Buy (new) New Coherent position.	+920K	4.50%
CPT	Sell (exit)	-291K	0.00%
ADBE	Sell (exit)	-34K	0.00%
CRH	Sell (exit)	-163K	0.00%
TPG	Sell (exit)	-218K	0.00%
ADSK	Sell (exit)	-36K	0.00%
CB	Sell (exit)	-35K	0.00%
MTB	Sell (exit)	-56K	0.00%
SBUX	Sell (exit)	-52K	0.00%
XPO	Sell (exit)	-47K	0.00%
FLUT	Reduce 93%	-243K	0.10%
C	Reduce 78%	-255K	0.10%
SPGI	Reduce 73%	-1.50M	0.90%
TECK	Reduce 58%	-586K	0.50%
DFS	Reduce 48%	-138K	0.70%
FCX	Reduce 45%	-618K	0.80%
VST	Reduce 28%	-108K	1.00%
CPNG	Reduce 24%	-2.79M	5.30%
PFE	Reduce 16%	-255K	4.40%
KLAC	Reduce 15%	-387K	1.60%

Q3 2024

23 buys · 19 sells

Ticker	Activity	Share change	% portfolio
SPGI	Buy (new)	+2.05M	3.90%
BN	Buy (new)	+240K	1.40%
TEVA	Buy (new)	+1.43M	0.90%
C	Buy (new)	+327K	0.70%
CRH	Buy (new)	+163K	0.50%
TPG	Buy (new)	+218K	0.40%
ADSK	Buy (new)	+36K	0.30%
CB	Buy (new)	+35K	0.30%
MTB	Buy (new)	+56K	0.30%
USB	Buy (new)	+217K	0.30%
SBUX	Buy (new)	+52K	0.20%
XPO	Buy (new)	+47K	0.20%
ARM	Buy (new)	+22K	0.10%
NTRA	Add 81%	+1.59M	15.30%
DFS	Add 70%	+118K	1.40%
MELI	Add 32%	+12K	3.30%
FCX	Add 19%	+224K	2.30%
WAB	Add 19%	+29K	1.10%
MSFT	Add 18% Microsoft add.	+175K	8.30%
NVDA	Add 12% Pre-trim NVDA accumulation.	+290K	13.50%
STX	Add 8%	+148K	7.10%
CPNG	Add 7%	+725K	9.70%
TSM	Buy (new) First TSM position.	+280K	4.00%
IQV	Sell (exit)	-60K	0.00%
LBTYK	Sell (exit)	-537K	0.00%
LYV	Sell (exit)	-103K	0.00%
AES	Sell (exit)	-315K	0.00%
AAPL	Sell (exit)	-24K	0.00%
EQT	Sell (exit)	-121K	0.00%
SEA	Sell (exit)	-67K	0.00%
BLDR	Sell (exit)	-29K	0.00%
PLTR	Reduce 95%	-728K	0.10%
GEV	Reduce 90%	-268K	0.30%
VST	Reduce 85%	-2.23M	1.60%
FLEX	Reduce 76%	-1.10M	0.40%
KLAC	Reduce 61%	-4.14M	2.00%
CPT	Reduce 50%	-287K	1.20%
TECK	Reduce 30%	-436K	1.80%
FLUT	Reduce 22%	-74K	2.10%
COHR	Reduce 17%	-611K	9.00%
PFE	Reduce 13%	-246K	6.60%
ADBE	Reduce 6%	-2K	0.60%

Q2 2024

17 buys · 20 sells

Ticker	Activity	Share change	% portfolio
PFE	Buy (new)	+1.85M	6.40%
CPT	Buy (new)	+578K	2.20%
FLUT	Buy (new)	+335K	2.10%
MELI	Buy (new)	+36K	2.10%
GEV	Buy (new)	+297K	1.70%
ADBE	Buy (new)	+37K	0.70%
LYV	Buy (new)	+103K	0.30%
EQT	Buy (new)	+121K	0.20%
SEA	Buy (new)	+67K	0.20%
BLDR	Buy (new)	+29K	0.10%
INSM	Buy (new)	+20K	0.00%
BKNG	Add 97%	+1.02M	0.80%
KLAC	Add 74%	+2.87M	4.60%
COHR	Add 42%	+1.06M	8.90%
NVDA	Add 22% NVDA buildup.	+480K	12.50%
STX	Add 22%	+316K	6.20%
MSFT	Add 15% Microsoft add.	+130K	7.00%
IVV	Sell (exit)	-3.16M	0.00%
GE	Sell (exit)	-853K	0.00%
KBR	Sell (exit)	-981K	0.00%
LLY	Sell (exit)	-62K	0.00%
META	Sell (exit)	-64K	0.00%
C	Sell (exit)	-400K	0.00%
COF	Sell (exit)	-108K	0.00%
SPGI	Sell (exit)	-307K	0.00%
OZK	Sell (exit)	-234K	0.00%
CEG	Sell (exit)	-39K	0.00%
TTWO	Sell (exit)	-55K	0.00%
NRG	Sell (exit)	-97K	0.00%
EATON	Sell (exit)	-1K	0.00%
AAPL	Reduce 79%	-90K	0.20%
DFS	Reduce 74%	-478K	0.70%
TECK	Reduce 68%	-3.10M	2.40%
FLEX	Reduce 62%	-2.41M	1.50%
WAB	Reduce 61%	-236K	0.80%
CPNG	Reduce 51%	-11.49M	7.90%
FCX	Reduce 16%	-226K	1.90%

Q1 2024

2 buys · 0 sells

Ticker	Activity	Share change	% portfolio
NVDA	Add 30% NVDA major add.	+540K	11.00%
MSFT	Buy (new) First Microsoft position.	+720K	6.00%

Stanley's sector breakdown

How the top 10 positions are diversified across 3 sectors. Weighted by stated portfolio percentage.

Other

6 positions · NTRA, INSM, TEVA, CPNG, SEA, IVV

70.9%

31.2% of AUM

Technology

3 positions · AMZN, TSM, GOOGL

24.3%

10.7% of AUM

Consumer Discretionary

1 position · MELI

4.8%

2.1% of AUM

Top holdings

Ticker	Company	% Portfolio	Shares (M)
NTRA	Natera Inc	12.8%	2.51
INSM	Insmed Inc	5.7%	1.48
AMZN	Amazon Com Inc	4.3%	0.84
TEVA	Teva Pharmaceutical Inds Ltd	4.1%	5.87
TSM	Taiwan Semiconductor Mfg Ltd The picks-and-shovels AI play.	3.7%	0.54
CPNG	Coupang Inc	3.6%	6.77
GOOGL	Alphabet Inc	2.7%	0.39
SEA	Sea Ltd	2.7%	0.94
IVV	Ishares Tr	2.3%	1.13
MELI	Mercadolibre Inc	2.1%	0.05

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Dividend tax by country

Estimate your withholding on cross-border dividends

Your country of residenceCompany is domiciled inGross dividend (example)

Withholding rate

Domestic (no cross-border)

Tax withheld

$0.00

You'd receive

$1000.00

Of $1000 gross

Source & treaty reference

Treaty: Domestic — no cross-border withholding

Citation: IRC §§ 1441–1446 (withholding applies to foreign persons; US residents not subject to WHT on US-source dividends)

U.S. residents receiving U.S.-source dividends: no cross-border withholding; taxed on return at qualified (0/15/20%) or ordinary rates.

Estimates for educational purposes only. Tax rules change; consult a qualified tax professional for your specific situation. Dividend-tax treatment depends on holding period, account type (taxable vs. retirement), investor type (individual vs. pension vs. mutual fund), limitation-on-benefits tests, and other factors not modeled here.

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