whalepapers
Overview/ Duquesne Family Office LLC/ Q4 2025

Duquesne Family Office LLC

Stanley Druckenmiller · As of Q4 2025 · filed Feb 17, 2026

Q4 2025

Holdings

62 positions · Δ vs prior quarter
NTRA NATERA INC
$575.3M
12.8%
2,511,357 −703,175 −21.9% Reduced
XLF SS FINANCIAL SELECT SECTOR
$301.0M
6.7%
5,495,600 +5,495,600 New
INSM INSMED INC
$257.9M
5.7%
1,481,752 −941,683 −38.9% Reduced
RSP INVESCO S&P 500 EQUAL WEIGHT
$224.9M
5.0%
1,173,925 +1,173,925 New
TEVA TEVA PHARMACEUTICAL-SP ADR
$183.4M
4.1%
5,874,870 −10,719,065 −64.6% Reduced
WWD WOODWARD INC
$178.7M
4.0%
590,930 −42,085 −6.6% Reduced
AMZN AMAZON.COM INC
$170.3M
3.8%
737,940 +300,870 +68.8% Added
TSM TAIWAN SEMICONDUCTOR-SP ADR
$165.0M
3.7%
543,085 −222,000 −29.0% Reduced
CPNG COUPANG INC
$159.8M
3.6%
6,772,909 +2,139,785 +46.2% Added
EWZ CALL ISHARES MSCI BRAZIL ETF
$134.3M
3.0%
4,228,000 +4,228,000 New
GOOGL ALPHABET INC-CL A
$120.5M
2.7%
385,000 +282,800 +276.7% Added
SE SEA LTD-ADR
$120.4M
2.7%
944,120 +669,920 +244.3% Added
EWZ ISHARES MSCI BRAZIL ETF
$112.9M
2.5%
3,552,575 +3,552,575 New
NAMS NEWAMSTERDAM PHARMA CO NV
$107.7M
2.4%
3,070,146 +1,146,446 +59.6% Added
MELI MERCADOLIBRE INC
$95.0M
2.1%
47,149 −11,195 −19.2% Reduced
TBBB BBB FOODS INC-CLASS A
$89.3M
2.0%
2,675,152 +1,492,027 +126.1% Added
QSR RESTAURANT BRANDS INTERN
$82.5M
1.8%
1,209,000 +77,635 +6.9% Added
COGT COGENT BIOSCIENCES INC
$78.7M
1.8%
2,214,470 +1,154,890 +109.0% Added
AA ALCOA CORP
$73.1M
1.6%
1,376,050 +1,376,050 New
ENTG ENTEGRIS INC
$71.1M
1.6%
844,160 +844,160 New
DOCU DOCUSIGN INC
$69.7M
1.6%
1,019,085 −666,865 −39.6% Reduced
LSCC LATTICE SEMICONDUCTOR CORP
$68.1M
1.5%
925,970 +925,970 New
BE BLOOM ENERGY CORP- A
$64.3M
1.4%
740,545 +740,545 New
WAB WABTEC CORP
$64.1M
1.4%
300,110 −2,300 −0.8% Reduced
ROKU ROKU INC
$63.2M
1.4%
582,980 −239,455 −29.1% Reduced
FIGR FIGURE TECHNOLOGY SOLUT-CL A
$62.9M
1.4%
1,539,785 −577,040 −27.3% Reduced
SPY CALL SS SPDR S&P 500 ETF TRUST-US
$61.4M
1.4%
90,000 Held
CRH CRH PLC
$59.3M
1.3%
474,955 +81,135 +20.6% Added
IWM CALL ISHARES RUSSELL 2000 ETF
$55.6M
1.2%
226,000 Held
OPCH OPTION CARE HEALTH INC
$55.6M
1.2%
1,745,950 +768,265 +78.6% Added
EEM ISHARES MSCI EMERGING MARKET
$49.4M
1.1%
902,500 −997,500 −52.5% Reduced
DAL DELTA AIR LINES INC
$45.2M
1.0%
650,910 +650,910 New
UAL UNITED AIRLINES HOLDINGS INC
$39.0M
0.9%
348,400 +348,400 New
STUB STUBHUB HOLDINGS INC-CLASS A
$31.2M
0.7%
2,305,751 −1,953,765 −45.9% Reduced
ON ON SEMICONDUCTOR
$29.0M
0.6%
536,260 +536,260 New
FLUT FLUTTER ENTERTAINMENT PLC-DI
$24.8M
0.6%
115,245 Held
PCT PURECYCLE TECHNOLOGIES INC
$24.7M
0.6%
2,878,434 +575,350 +25.0% Added
AEVA AEVA TECHNOLOGIES INC
$24.2M
0.5%
1,824,862 −14,452 −0.8% Reduced
GS GOLDMAN SACHS GROUP INC
$24.2M
0.5%
27,500 +27,500 New
CLF CLEVELAND-CLIFFS INC
$23.2M
0.5%
1,745,655 −969,380 −35.7% Reduced
AMZN CALL AMAZON.COM INC
$23.1M
0.5%
100,000 +100,000 New
YPF YPF S.A.-SPONSORED ADR
$21.9M
0.5%
606,990 +492,295 +429.2% Added
STM STMICROELECTRONICS NV-NY SHS
$20.1M
0.4%
773,555 +773,555 New
U UNITY SOFTWARE INC
$18.1M
0.4%
410,020 −472,480 −53.5% Reduced
SCCO SOUTHERN COPPER CORP
$17.3M
0.4%
120,817 +120,817 New
DAKT DAKTRONICS INC
$16.9M
0.4%
852,960 −583,976 −40.6% Reduced
RH RH
$15.8M
0.4%
88,200 +88,200 New
CMG CHIPOTLE MEXICAN GRILL INC
$14.5M
0.3%
391,930 +158,725 +68.1% Added
PTGX PROTAGONIST THERAPEUTICS INC
$13.9M
0.3%
159,700 Held
Z ZILLOW GROUP INC - C
$13.1M
0.3%
192,640 +192,640 New
20D0 CIDARA THERAPEUTICS INC
$10.9M
0.2%
49,495 +49,495 New
PM PHILIP MORRIS INTERNATIONAL
$10.8M
0.2%
67,400 +67,400 New
AAL AMERICAN AIRLINES GROUP INC
$9.8M
0.2%
639,785 +639,785 New
AGX ARGAN INC
$9.4M
0.2%
30,000 +30,000 New
DASH DOORDASH INC - A
$8.1M
0.2%
35,900 +35,900 New
PGNY PROGYNY INC
$7.6M
0.2%
295,115 +295,115 New
ECHO ECHOSTAR CORP-A
$6.6M
0.1%
60,765 Held
ADMA ADMA BIOLOGICS INC
$4.6M
0.1%
252,200 +252,200 New
ALM ALMONTY INDUSTRIES INC
$4.1M
0.1%
469,880 +469,880 New
WOLF WOLFSPEED INC
$3.3M
0.1%
186,900 +186,900 New
Wave Life Sciences Ltd
$2.9M
0.1%
173,000 +173,000 New
NP NEPTUNE INSURANCE HOLDI-CL A
$583K
0.0%
20,000 +20,000 New

Sold positions

31 closed in Q4 2025 · shares & value as of prior filing
Holding Shares sold Prior value
I9SA VERONA PHARMA PLC - ADR
1,002,080 $106.9M
META META PLATFORMS INC-CLASS A
76,100 $55.9M
CRS CARPENTER TECHNOLOGY
220,035 $54.0M
C CITIGROUP INC
514,850 $52.3M
TWLO TWILIO INC - A
512,800 $51.3M
BAC BANK OF AMERICA CORP
989,250 $51.0M
EQT EQT CORP
894,950 $48.7M
GEV GE VERNOVA INC
77,320 $47.5M
VST VISTRA CORP
233,985 $45.8M
LEN LENNAR CORP-A
279,424 $35.2M
DHI DR HORTON INC
205,150 $34.8M
FWONK LIBERTY MEDIA CORP-FORMULA-C
288,400 $30.1M
DKS DICK'S SPORTING GOODS INC
132,425 $29.4M
KBE SS SPDR S&P BANK ETF
482,095 $28.6M
PCG P G & E CORP
1,649,300 $24.9M
ARM ARM HOLDINGS PLC-ADR
167,900 $23.8M
NU NU HOLDINGS LTD/CAYMAN ISL-A
1,454,180 $23.3M
SMTC SEMTECH CORP
301,515 $21.5M
STX SEAGATE TECHNOLOGY HOLDINGS
85,900 $20.3M
GPC GENUINE PARTS CO
144,185 $20.0M
ELVN ENLIVEN THERAPEUTICS INC
947,405 $19.4M
POST POST HOLDINGS INC
176,400 $19.0M
SNDK SANDISK CORP
166,235 $18.7M
SYF SYNCHRONY FINANCIAL
261,825 $18.6M
ARGT GLOBAL X MSCI ARGENTINA ETF
254,045 $17.7M
NTRA CALL NATERA INC
100,000 $16.1M
COF CAPITAL ONE FINANCIAL CORP
43,920 $9.3M
SEI SOLARIS ENERGY INFRASTRUCTUR
145,600 $5.8M
MDB MONGODB INC
17,710 $5.5M
TXRH TEXAS ROADHOUSE INC
29,800 $5.0M
CHYM CHIME FINANCIAL INC-CL A
43,230 $872K

Holdings reflect long positions disclosed in 13F filings only and exclude short positions, cash, and other non-13F assets. Holdings data sourced from SEC EDGAR. Not investment advice. Full disclaimer.