Duquesne Family Office
Stanley Druckenmiller · CIK 0001536411 · latest 13F for 2026-06-30 filed 2026-08-14
Estimated from 13F holdings — long US equities only; follow-the-filing returns are net of an assumed 10 bps per unit of turnover.
About the fund
Duquesne Family Office is the private investment firm of legendary investor Stanley Druckenmiller, founded in 2010 following the closure of his hedge fund, Duquesne Capital. The firm manages the Druckenmiller family's wealth using a concentrated, macro-driven investment strategy across various asset classes, including public equities, private venture investments, and commodities.
Investment approach
The firm utilizes a concentrated, macro-driven investment approach that involves large bets on currencies, commodities, and equities based on political trends and quantitative analysis. It emphasizes fundamental securities analysis, capital preservation, and a willingness to cut losses quickly while aggressively increasing positions in successful investments. The firm invests across various asset classes, including public equities, private venture rounds, and credit opportunities.
History
Duquesne Family Office was founded in 2010 by Stanley Druckenmiller after he closed his previous hedge fund, Duquesne Capital, which he had operated since 1981. The firm manages the wealth of the Druckenmiller family. It continues the legacy of Druckenmiller, who is well-known for his career as a macro investor, including his time working with George Soros.
Notable positions & campaigns
- Nvidia2022 — Significant investment in Nvidia (NVDA) starting in Q4 2022, which yielded a 700% gain before the position was exited in 2024.
- Global X MSCI Argentina ETF2026 — Major macro bet initiated in the first quarter of 2026.
- Natera2024 — Clinical genetic testing company that has been the firm's largest long position since Q3 2024.
Profile generated 2026-10-09 from public sources; may be incomplete or out of date.
- Founded by
- Stanley Druckenmiller
- Founded
- 2010
- HQ
- New York City, United States
- Reported AUM
- $5.2bn (as of 2026-06-30)
- Website
- duquesne.com
Management
- Jerry KernerManaging Director and General Counsel
- Sue MengManaging Director and General Counsel
Holdings heatmap
Latest 13F (2026-06-30): top 50 positions grouped by sector, sized by weight, coloured by the change in weight since the previous 13F.
Holdings map
Each tile is a position, sized by reported value and coloured by the stock's own price return (red down, green up) — the LiquidRound / finviz-style map.
Copy portfolio vs SPY
Growth of $1 following each filing the trading day after it was filed.
Top holdings
Latest 13F (2026-06-30).
| # | Ticker | Value | Weight |
|---|---|---|---|
| 1 | NTRA | $865M | 19.9% |
| 2 | TSM | $282M | 6.5% |
| 3 | STM | $232M | 5.3% |
| 4 | INSM | $152M | 3.5% |
| 5 | YPF | $143M | 3.3% |
| 6 | AMZN | $129M | 3.0% |
| 7 | — | $121M | 2.8% |
| 8 | GOOGL | $120M | 2.8% |
| 9 | EWZ | $119M | 2.7% |
| 10 | — | $118M | 2.7% |
| 11 | FOXA | $115M | 2.6% |
| 12 | UAL | $108M | 2.5% |
| 13 | SE | $105M | 2.4% |
| 14 | CDW | $105M | 2.4% |
| 15 | — | $104M | 2.4% |
| 16 | SNDK | $79M | 1.8% |
| 17 | RVMD | $75M | 1.7% |
| 18 | — | $65M | 1.5% |
| 19 | — | $59M | 1.4% |
| 20 | DAL | $56M | 1.3% |
| 21 | FLR | $51M | 1.2% |
| 22 | DHI | $49M | 1.1% |
| 23 | CPNG | $46M | 1.1% |
| 24 | AMD | $42M | 1.0% |
| 25 | PANW | $40M | 0.9% |
Sector mix
Top-25 holdings by weight.
Changes this quarter
| Move | Ticker | Prev wt | Now wt |
|---|---|---|---|
| trimmed | AA | 3.4% | 0.2% |
| added | INSM | 6.4% | 3.5% |
| new | GOOGL | 0.0% | 2.8% |
| new | FOXA | 0.0% | 2.6% |
| added | AMZN | 0.3% | 3.0% |
| new | CDW | 0.0% | 2.4% |
| added | STM | 3.1% | 5.3% |
| exited | AVGO | 2.1% | 0.0% |
| added | — | 0.7% | 2.7% |
| trimmed | — | 2.4% | 0.5% |
| trimmed | WWD | 2.6% | 0.7% |
| trimmed | ROKU | 2.4% | 0.6% |
| exited | OPCH | 1.7% | 0.0% |
| added | UAL | 0.8% | 2.5% |
| new | — | 0.0% | 1.5% |
| exited | FIGR | 1.3% | 0.0% |
| new | DAL | 0.0% | 1.3% |
| new | FLR | 0.0% | 1.2% |
| exited | QSR | 1.1% | 0.0% |
| new | DHI | 0.0% | 1.1% |
Quarterly copy returns
Each 13F held from the day after filing until the next filing.
| 13F period | Copy | SPY | Alpha | Coverage |
|---|---|---|---|---|
| 2026-06-30 | +3.5% | +0.4% | +3.1% | 83% |
| 2026-03-31 | +22.9% | +4.9% | +18.0% | 79% |
| 2025-12-31 | +1.9% | +7.9% | -6.0% | 77% |
| 2025-09-30 | +0.5% | +3.4% | -2.9% | 79% |
| 2025-06-30 | +13.0% | +3.8% | +9.2% | 76% |
| 2025-03-31 | +7.0% | +8.6% | -1.6% | 74% |
| 2024-12-31 | -3.3% | -2.5% | -0.7% | 71% |
| 2024-09-30 | +7.1% | +4.7% | +2.4% | 73% |
| 2024-06-30 | +20.4% | +6.2% | +14.2% | 77% |
| 2024-03-31 | +2.6% | +4.9% | -2.4% | 80% |
| 2023-12-31 | +22.6% | +5.6% | +16.9% | 80% |
| 2023-09-30 | +22.0% | +12.1% | +9.9% | 85% |
| 2023-06-30 | +1.2% | +1.9% | -0.7% | 87% |
| 2023-03-31 | +17.4% | +8.4% | +9.1% | 88% |
| 2022-12-31 | +6.7% | -0.5% | +7.2% | 91% |
| 2022-09-30 | +0.0% | +4.4% | -4.3% | 84% |
Filing dates
- 2026-08-1413F-HR for 2026-06-30 · $5.2B · 95 rows
- 2026-05-1513F-HR for 2026-03-31 · $3.4B · 70 rows
- 2026-02-1713F-HR for 2025-12-31 · $4.5B · 62 rows
- 2025-11-1413F-HR for 2025-09-30 · $4.1B · 65 rows
- 2025-08-1513F-HR for 2025-06-30 · $4.1B · 69 rows
- 2025-05-1513F-HR for 2025-03-31 · $3.1B · 52 rows
- 2025-02-1413F-HR for 2024-12-31 · $3.7B · 78 rows
- 2024-11-1413F-HR for 2024-09-30 · $3.0B · 75 rows
- 2024-08-1413F-HR for 2024-06-30 · $2.9B · 64 rows
- 2024-05-1513F-HR for 2024-03-31 · $4.4B · 73 rows
- 2024-02-1413F-HR for 2023-12-31 · $3.4B · 51 rows
- 2023-11-1413F-HR for 2023-09-30 · $2.8B · 41 rows
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