Great investors · Stanley Druckenmiller · Q2 2026
What Stanley Druckenmiller bought and sold in Q2 2026
Duquesne Family Office 13F portfolio as of Jun 30, 2026: 86 positions worth $4.4 bn. Largest: NTRA, TSM, STM, INSM. Filed with the SEC on Aug 14, 2026.
The 13F is filed by Duquesne Family Office, not by Stanley Druckenmiller personally: these are the whole firm's positions. A “position” is a distinct security in the filing (by CUSIP); share classes of the same company are shown added together.
Buys in Q2 2026
- NewAlphabetGOOGL+2.8 pp
- IncreasedAmazon.comAMZN+2.7 pp
- NewFOXFOXA+3.3 pp
- NewCDWCDW+2.4 pp
- IncreasedUnited Airlines HoldingsUAL+1.7 pp
- IncreasedSeagate Technology HoldingsSTX+1.6 pp
- NewBitdeer Technologies GroupBTDR+1.5 pp
- NewDelta Air LinesDAL+1.3 pp
- NewFluorFLR+1.2 pp
- NewD.R. HortonDHI+1.1 pp
- IncreasedTaiwan Semiconductor ManufacturingTSM+1.0 pp
- NewAdvanced Micro DevicesAMD+1.0 pp
Sells in Q2 2026
- ReducedRokuROKU−1.6 pp
- ReducedAlcoaAA−1.6 pp
- ReducedWoodwardWWD−1.4 pp
- Sold outBroadcomAVGO−1.4 pp
- ReducedTEVA Pharmaceutical IndustriesTEVA−1.4 pp
- Sold outOption Care HealthOPCH−1.2 pp
- Sold outFigure Technology SolutionsFIGR−0.9 pp
- Sold outRestaurant Brands InternationalQSR−0.8 pp
- Sold outLattice SemiconductorLSCC−0.7 pp
- Sold outHumanaHUM−0.5 pp
- Sold outTwilioTWLO−0.5 pp
- Sold outJabilJBL−0.5 pp
35 companies with material moves, out of 91 positions with a change. Only moves of 0.5 points of the portfolio or more are listed, measured as “traded weight” (what was bought or sold, excluding price effects). Smaller changes exist and are not listed: a position may have gone up or down without appearing above.
The full 13F, line by line
Duquesne Family Office's Q2 2026 13F lists 86 lines of US-listed securities worth $4.4 bn; the largest is NTRA at 19.9% of the portfolio. It was accepted by the SEC on Aug 14, 2026 at 3:55 PM ET.
Against the previous quarter, it opened 44 positions (GOOGL, FOXA, CDW and BTDR and 40 more), closed 23 (AVGO, OPCH, FIGR and QSR and 19 more), added to 14 (AMZN, UAL, STX and TSM and 10 more) and trimmed 10 (WWD, ROKU, TEVA and AA and 6 more). 18 lines show the same number of shares.
| # | Company | Shares | Value | Weight | Change in shares |
|---|---|---|---|---|---|
| 1 | Natera NTRA | 3.2 M | $865M | 19.9% | +4% |
| 2 | Taiwan Semiconductor Manufacturing TSM | 589,680 | $282M | 6.47% | +19% |
| 3 | STMicroelectronics STM | 3.1 M | $232M | 5.34% | +19% |
| 4 | Insmed INSM | 1.4 M | $152M | 3.49% | +23% |
| 5 | YPF Sociedad Anonima YPF | 3.1 M | $143M | 3.28% | −3% |
| 6 | Amazon.com AMZN | 541,600 | $129M | 2.96% | ×12 |
| 7 | BBB Foods TBBB | 2.9 M | $121M | 2.78% | −6.7% |
| 8 | Alphabet GOOGL | 336,300 | $120M | 2.76% | new |
| 9 | Ishares EWZ | 3.4 M | $119M | 2.72% | no change |
| 10 | Seagate Technology Holdings STX | 122,000 | $118M | 2.70% | +141% |
| 11 | FOX FOXA | 2.2 M | $115M | 2.64% | new |
| 12 | United Airlines Holdings UAL | 794,795 | $108M | 2.48% | +203% |
| 13 | Sea SE | 1.1 M | $105M | 2.42% | no change |
| 14 | CDW CDW | 743,950 | $105M | 2.40% | new |
| 15 | NewAmsterdam Pharma NAMS | 3.1 M | $104M | 2.39% | no change |
| 16 | Sandisk SNDK | 34,900 | $79.4M | 1.82% | −8.5% |
| 17 | Revolution Medicines RVMD | 399,587 | $74.8M | 1.72% | +27% |
| 18 | Bitdeer Technologies Group BTDR | 4.1 M | $64.7M | 1.49% | new |
| 19 | CRH public CRH | 553,555 | $59.2M | 1.36% | +47% |
| 20 | Delta Air Lines DAL | 603,000 | $56.5M | 1.30% | new |
| 21 | Fluor FLR | 982,200 | $51.5M | 1.18% | new |
| 22 | D.R. Horton DHI | 299,000 | $48.7M | 1.12% | new |
| 23 | Coupang CPNG | 2.7 M | $46.3M | 1.06% | no change |
| 24 | Advanced Micro Devices AMD | 72,900 | $42.3M | 0.97% | new |
| 25 | Palo Alto Networks PANW | 116,650 | $39.8M | 0.91% | new |
| 26 | Cleveland-cliffs CLF | 4.2 M | $39.6M | 0.91% | +82% |
| 27 | Hut 8 HUT | 314,150 | $36.3M | 0.83% | new |
| 28 | Caris Life Sciences CAI | 1.9 M | $33.8M | 0.78% | no change |
| 29 | Global X Msci Argentina ETF ARGT | 328,800 | $30.0M | 0.69% | −15% |
| 30 | FOX FOX | 632,600 | $29.6M | 0.68% | new |
| 31 | Woodward WWD | 67,194 | $28.6M | 0.66% | −68% |
| 32 | Nuvation Bio NUVB | 4.5 M | $25.8M | 0.59% | no change |
| 33 | Protagonist Therapeutics PTGX | 208,900 | $25.6M | 0.59% | +31% |
| 34 | Roku ROKU | 184,055 | $25.4M | 0.58% | −75% |
| 35 | Cavco Industries CVCO | 39,500 | $24.3M | 0.56% | new |
| 36 | ADMA Biologics ADMA | 2.8 M | $23.3M | 0.54% | +80% |
| 37 | Hyperliquid Strategies PURR | 2.9 M | $23.2M | 0.53% | new |
| 38 | Rambus RMBS | 173,000 | $23.0M | 0.53% | new |
| 39 | Rhythm Pharmaceuticals RYTM | 203,618 | $22.6M | 0.52% | new |
| 40 | Champion Homes SKY | 254,400 | $22.4M | 0.51% | new |
| 41 | Daktronics DAKT | 1.1 M | $22.0M | 0.50% | +100% |
| 42 | PureCycle Technologies PCT | 2.7 M | $21.7M | 0.50% | +178% |
| 43 | Southern Copper Corp/ SCCO | 123,060 | $21.4M | 0.49% | no change |
| 44 | Linde LIN | 41,200 | $21.4M | 0.49% | no change |
| 45 | Entegris ENTG | 118,300 | $21.3M | 0.49% | new |
| 46 | TEVA Pharmaceutical Industries TEVA | 624,999 | $21.2M | 0.49% | −74% |
| 47 | Unity Software U | 738,785 | $21.1M | 0.48% | no change |
| 48 | AEVA Technologies AEVA | 720,175 | $20.7M | 0.48% | new |
| 49 | RIOT Platforms RIOT | 754,800 | $20.7M | 0.47% | new |
| 50 | Qnity Electronics Q | 125,655 | $20.5M | 0.47% | no change |
| 51 | Equinix EQIX | 18,450 | $19.2M | 0.44% | new |
| 52 | Lam Research LRCX | 43,600 | $18.9M | 0.43% | new |
| 53 | Definium Therapeutics DFTX | 356,600 | $16.8M | 0.39% | new |
| 54 | Belite Bio BLTE | 106,100 | $16.3M | 0.38% | no change |
| 55 | Invesco Exchange Traded Fund T RSP | 74,400 | $15.8M | 0.36% | new |
| 56 | 10x Genomics TXG | 403,100 | $15.5M | 0.35% | new |
| 57 | Wabtec WAB | 56,595 | $15.3M | 0.35% | −40% |
| 58 | Eli Lilly LLY | 12,380 | $14.8M | 0.34% | new |
| 59 | Xenon Pharmaceuticals XENE | 238,600 | $14.4M | 0.33% | no change |
| 60 | Olema Pharmaceuticals OLMA | 986,827 | $12.3M | 0.28% | no change |
| 61 | Repligen RGEN | 77,400 | $10.6M | 0.24% | new |
| 62 | Rocket Companies RKT | 652,220 | $10.3M | 0.24% | new |
| 63 | Baidu BIDU | 88,200 | $10.1M | 0.23% | new |
| 64 | ARM Holdings ARM | 28,090 | $10.0M | 0.23% | −74% |
| 65 | Carvana CVNA | 151,000 | $9.9M | 0.23% | new |
| 66 | Reddit RDDT | 56,550 | $9.8M | 0.23% | new |
| 67 | Alcoa AA | 185,640 | $9.7M | 0.22% | −88% |
| 68 | Thermo Fisher Scientific TMO | 19,200 | $9.6M | 0.22% | new |
| 69 | Danaher DHR | 50,300 | $9.6M | 0.22% | new |
| 70 | F5 FFIV | 22,000 | $9.2M | 0.21% | new |
| 71 | Vista Energy, S.A.B. de C.V. VIST | 134,700 | $8.6M | 0.20% | no change |
| 72 | Skeena Resources SKE | 300,200 | $8.0M | 0.18% | new |
| 73 | JBS JBS | 655,900 | $7.8M | 0.18% | no change |
| 74 | Monte Rosa Therapeutics GLUE | 297,600 | $7.2M | 0.17% | new |
| 75 | Relay Therapeutics RLAY | 349,000 | $6.5M | 0.15% | new |
| 76 | DBV Technologies DBVT | 383,363 | $6.3M | 0.14% | no change |
| 77 | CCC Intelligent Solutions Holdings CCC | 1.2 M | $6.0M | 0.14% | new |
| 78 | UWM Holdings UWMC | 2.6 M | $5.9M | 0.14% | new |
| 79 | Navitas Semiconductor NVTS | 311,100 | $5.6M | 0.13% | new |
| 80 | Solstice Advanced Materials SOLS | 62,525 | $5.5M | 0.13% | no change |
| 81 | FTAI Aviation FTAI | 20,200 | $5.5M | 0.13% | new |
| 82 | Beam Therapeutics BEAM | 153,600 | $5.3M | 0.12% | new |
| 83 | Aurora Innovation AUR | 633,700 | $4.3M | 0.10% | new |
| 84 | IREN IREN | 87,100 | $4.0M | 0.09% | new |
| 85 | Grupo Financiero Galicia GGAL | 59,500 | $3.0M | 0.07% | new |
| 86 | Wave Life Sciences | 173,000 | $1.0M | 0.02% | no change |
Positions it closed (23)
- Broadcom AVGOwas 2.06% · 195,955 shares
- Option Care Health OPCHwas 1.71% · 1.9 M shares
- Figure Technology Solutions FIGRwas 1.33% · 1.2 M shares
- Restaurant Brands International QSRwas 1.14% · 454,435 shares
- Lattice Semiconductor LSCCwas 1.02% · 323,135 shares
- Humana HUMwas 0.81% · 137,505 shares
- Twilio TWLOwas 0.78% · 181,760 shares
- Jabil JBLwas 0.74% · 82,200 shares
- Ishares S&P Gsci Commodity- GSGwas 0.71% · 643,000 shares
- Bloom Energy BEwas 0.63% · 136,320 shares
- Intel INTCwas 0.62% · 411,400 shares
- Cloudflare NETwas 0.37% · 52,535 shares
- Lyondellbasell Industries LYBwas 0.36% · 131,435 shares
- Twist Bioscience TWSTwas 0.33% · 206,000 shares
- Coherent COHRwas 0.33% · 40,400 shares
- Celestica CLSwas 0.32% · 33,275 shares
- Stubhub Holdings STUBwas 0.29% · 1.4 M shares
- Micron Technology MUwas 0.27% · 23,400 shares
- EchoStar ECHOwas 0.24% · 60,765 shares
- Almonty Industries ALMwas 0.23% · 469,880 shares
- Lumentum Holdings LITEwas 0.17% · 6,963 shares
- MercadoLibre MELIwas 0.16% · 2,766 shares
- Westlake WLKwas 0.08% · 21,194 shares
One row per line of the filing (by CUSIP): share classes of the same company are listed separately here. “Change in shares” compares the count with the previous quarter, split-adjusted; the value is the one reported in the 13F at quarter end, not today's price.
Original documents: Duquesne Family Office's 13F filings on EDGAR (SEC) ↗
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Source: 13F filings with the SEC. A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions. Not investment advice.