Duquesne Family Office

Stanley Druckenmiller

Period

Q1 2026

Portfolio Date

Mar 31, 2026

Stocks Held

64

Market Value

$2.9B

Portfolio Analysis

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I. Institutional Overview

The investment landscape of the first quarter of 2026 has been significantly defined by the strategic maneuvers of the Duquesne Family Office, the investment vehicle of the legendary macro investor Stanley Druckenmiller. As of the portfolio cutoff date of March 31, 2026, the institution manages a reported equity portfolio valued at approximately $2.93...

A deep dive into the institutional profile reveals a portfolio consisting of 64 distinct holdings. For a fund of this scale, such a number suggests a balanced approach between extreme concentration and broad diversification. However, a closer look at the weight distribution indicates that the Duquesne Family Office is far from a "closet indexer." The...

The current scale of $2.93 billion suggests that the institution remains nimble. Unlike multi-billion dollar "mega-funds" that are often forced into broad market positions due to liquidity constraints, the Duquesne Family Office retains the flexibility to enter and exit mid-cap and even small-cap positions without causing undue market friction. This agility...

Based on the latest available 13F filing.

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Holdings Value Trend

Q2 2024

Q3 2024

Q4 2024

Q1 2025

Q2 2025

Q3 2025

Q4 2025

Q1 2026

Historical Positions

SymbolQ1 2026Q4 2025Q3 2025Q2 2025
NTRA18.1%12.8%12.7%12.8%
INSM5.6%5.7%8.6%5.6%
TSM5.0%3.7%5.3%4.3%
YPF4.4%---
ETF-EWZ3.9%---
TBBB3.3%---
AA2.9%---
NAMS2.9%---
SE2.7%---
STM2.7%---

Post-Filing Contributors

Price change since reported price, ranked by portfolio contribution

STM+126.11%
TSM+24.60%
ROKU+26.44%
AVGO+24.57%
NAMS-5.47%

Post-Filing Detractors

Price change since reported price, ranked by portfolio contribution

INSM-40.85%
NTRA+9.62%
OPCH-22.81%
YPF+21.92%
CPNG-8.63%

Sector Analysis

Energy5.8%
Others0.3%
Materials7.8%
Financials1.4%
Healthcare44.4%
Technology20.4%
Industrials5.4%
Consumer Staples4.4%