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Stanley Druckenmiller · quarter digest

What Stanley Druckenmiller did in Q2 2025

Duquesne Family Office filed 46 moves in Q2 2025: 18 new, 9 add, 12 trim, 7 exit.

13F filed 2025-08-14. Manager quality score: q9. Philosophy: Macro top-down, concentrated bets, ride trends.

New positions · 18

Fresh money

ENTGEntegris Inc
NEW·3.3% book·−2
MSFTMicrosoft Corp
NEW·2.5% book·+2
IVVIshares Tr
NEW·1.8% book·0
CCitigroup Inc
NEW·1.4% book·−7
SPGSpdr S&P 500 Etf Tr
NEW·1.4% book·+2
NUNu Hldgs Ltd
NEW·1.2% book·−11
QSRRestaurant Brands Intl Inc
NEW·1.2% book·+4
SEASea Ltd
NEW·1.2% book·−7
UUnity Software Inc
NEW·1.1% book·−5
CRSCarpenter Technology Corp
NEW·0.9% book·−8
GSGoldman Sachs Group Inc
NEW·0.7% book·−6
XPOXpo Inc
NEW·0.5% book·−4
BACBank America Corp
NEW·0.4% book·+3
BLDRBuilders Firstsource Inc
NEW·0.2% book·−1
DHID R Horton Inc
NEW·0.2% book·−9
LENLennar Corp
NEW·0.2% book·−6
DHRDanaher Corporation
NEW·0.1% book·−13
TMOThermo Fisher Scientific Inc
NEW·0.1% book·−12
Adds · 9

Adding to conviction

TEVATeva Pharmaceutical Inds Ltd
ADD +7%·6.6% book·+2
INSMInsmed Inc
ADD +72%·5.8% book·+5
ADD +20%·5.3% book·+24

First Coherent add.

ADD +10%·4.5% book·+7

Building Taiwan Semi.

FLUTFlutter Entmt Plc
ADD +7%·2.8% book·+3
ROKURoku Inc
ADD +123%·2.4% book·−9
LLYEli Lilly & Co
ADD +6%·1.9% book·−10
EQTEqt Corp
ADD +46%·1.8% book·−11
APPApplovin Corp
ADD +123%·0.8% book·−14
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Trims · 12

Taking chips off

TRIM -12%·13.8% book·+16

First NVDA trim of the cycle.

NTRANatera Inc
TRIM -6%·13.3% book·+4
PFEPhilip Morris Intl Inc
TRIM -26%·3.7% book·−4
CPNGCoupang Inc
TRIM -56%·3.0% book·+7
DELLDelta Air Lines Inc Del
TRIM -39%·1.0% book·+2
WABWabtec
TRIM -43%·0.9% book·0
KLACKinder Morgan Inc Del
TRIM -35%·0.8% book·−3
BKNGBarclays Plc
TRIM -59%·0.7% book·−14
STXSeagate Technology Hldngs Pl
TRIM -58%·0.7% book·−3
BNBroadcom Inc
TRIM -73%·0.6% book·+16
CCCSCcc Intelligent Solutions Hl
TRIM -82%·0.2% book·−3
FCXFreeport-Mcmoran Inc
TRIM -78%·0.2% book·−9
Exits · 7

Closed positions

COFCapital One Finl Corp
EXIT·0.0% book·−13
AMZNAmazon Com Inc
EXIT·0.0% book·−13
BBIOBridgebio Pharma Inc
EXIT·0.0% book·−9
TECKTeck Resources Ltd
EXIT·0.0% book·−10
CHKExpand Energy Corporation
EXIT·0.0% book·−10
FLEXFlex Ltd
EXIT·0.0% book·−8
TSLATesla Inc
EXIT·0.0% book·−12
Current top holdings

Stanley Druckenmiller’s book, latest snapshot

#TickerWeight
1NVDA
NVIDIA
11.4%
2MSFT
Microsoft
9.1%
3COHR
Coherent
6.8%
4TSM
Taiwan Semi
5.2%
5KMI
Kinder Morgan
4.8%
Other quarters for Stanley Druckenmiller

Not investment advice. Data from 13F filings with HoldLens parsing. Methodology.