What stocks does Stanley Druckenmiller own?

As of Q2 2026, Duquesne Family Office reported 95 positions with a combined 13F value of $5.2B. Its largest stock positions are NTRA ($864.9M), TSM ($281.6M) and STM ($232.4M).

How often does Duquesne Family Office update its portfolio?

Duquesne Family Office files a 13F with the SEC every quarter, due 45 days after quarter end. The latest covers Q2 2026 and was filed Aug 14, 2026. The next one is due by Nov 16, 2026.

What does Duquesne Family Office's 13F leave out?

A 13F lists long positions in US-listed stocks and some options held on the last day of a quarter. It leaves out short positions, most bonds, holdings not listed in the US and anything bought or sold since the quarter ended.

Where does Duquesne Family Office's portfolio data come from?

From the 13F filings Duquesne Family Office makes to the SEC, available on EDGAR. Each quarter shows how positions changed from the one before.

Smart money

Duquesne Family Office LLC

Return history

Last 4 years · filing-date model

$100,000 to $428,212

$100,000 in SPY: $227,922.

Total return

+328%

Annualized (4Y CAGR)

+43.9%

vs SPY

+21.0 pts/yr

Moves a year

294

Avg hold

6.9 months

17 filings · quarters -2.8% to +24.9%

All time

+1503% since Aug 14, 2013

Fund size $5B today

Oct 8, 2022 to Oct 7, 2026 · min. 84% quarterly priced · Disclosed book, unaudited · Method

Position-weighted returns use each SEC filing date. Options use underlying-stock proxies, not option premiums; put proxies can lose more than 100%. Cash, shorts, non-13F holdings and trades between filings are excluded.

New INSM and exited AVGO in Q2 2026.

$5.2B in this filing95 positions

Holdings as of Jun 30, 2026. Filed Aug 14, 2026.

Stocks and funds

Share change vs Mar 31

1NTRANatera Inc19.86%
$864.9M - 3.2M shares+4.0%
2TSMTaiwan Semiconductor Manuf6.47%
$281.6M - 590K shares+19.1%
3STMStmicroelectronics N V5.34%
$232.4M - 3.1M shares+18.8%
4INSMInsmed Inc3.49%
$151.9M - 1.4M shares+23.4%
5YPFYPF Sociedad Anonima3.28%
$142.7M - 3.1M shares-3.0%

#	Stock				At Jun 30	Now
1	NTRANatera Inc	19.86%	$864.9M	+4.0%	$271.45	$391.30 +44.2%
2	TSMTaiwan Semiconductor Manuf	6.47%	$281.6M	+19.1%	$477.57	$413.83 -13.3%
3	STMStmicroelectronics N V	5.34%	$232.4M	+18.8%	$74.89	$46.60 -37.8%
4	INSMInsmed Inc	3.49%	$151.9M	+23.4%	$106.62	$99.21 -6.9%
5	YPFYPF Sociedad Anonima	3.28%	$142.7M	-3.0%	$45.47	$51.11 +12.4%

Options positions9 positions (0 puts, 9 calls) - $856.6M. Priced off the underlying stock - 13F never discloses strike or premium.

Share change vs Mar 31

1RSP callsInvesco Exchange Traded FD20.39%
$174.7M - 821K shares-
2EWZ callsiShares Inc17.03%
$145.9M - 4.2M shares-
3INSM callsInsmed Inc16.80%
$143.9M - 1.4M sharesNEW

#	Stock				At Jun 30	Now
1	RSP callsInvesco Exchange Traded FD	20.39%	$174.7M	-	$212.77	$212.09 -0.3%
2	EWZ callsiShares Inc	17.03%	$145.9M	-	$34.50	-
3	INSM callsInsmed Inc	16.80%	$143.9M	NEW	$106.62	$99.21 -6.9%

87 more on a paid plan

Unlock the full portfolio and quarterly changes.

Unlock all 87 holdings

What is missing

Top 10 concentration: 46%. This filing does not include cash, short positions, private investments, bonds, or many overseas holdings. Next filing due ~Nov 16, 2026.

Disclosed changes

Q2 2026 holdings. Exact trade dates are not disclosed.

More disclosures (13)

Common questions

What stocks does Stanley Druckenmiller own?: As of Q2 2026, Duquesne Family Office reported 95 positions with a combined 13F value of $5.2B. Its largest stock positions are NTRA ($864.9M), TSM ($281.6M) and STM ($232.4M).
How often does Duquesne Family Office update its portfolio?: Duquesne Family Office files a 13F with the SEC every quarter, due 45 days after quarter end. The latest covers Q2 2026 and was filed Aug 14, 2026. The next one is due by Nov 16, 2026.
What does Duquesne Family Office's 13F leave out?: A 13F lists long positions in US-listed stocks and some options held on the last day of a quarter. It leaves out short positions, most bonds, holdings not listed in the US and anything bought or sold since the quarter ended.
Where does Duquesne Family Office's portfolio data come from?: From the 13F filings Duquesne Family Office makes to the SEC, available on EDGAR. Each quarter shows how positions changed from the one before.

Smart money

Duquesne Family Office LLC

Return history

Last 4 years · filing-date model

$100,000 to $428,212

$100,000 in SPY: $227,922.

Total return

+328%

Annualized (4Y CAGR)

+43.9%

vs SPY

+21.0 pts/yr

Moves a year

294

Avg hold

6.9 months

17 filings · quarters -2.8% to +24.9%

All time

+1503% since Aug 14, 2013

Fund size $5B today

Oct 8, 2022 to Oct 7, 2026 · min. 84% quarterly priced · Disclosed book, unaudited · Method

New INSM and exited AVGO in Q2 2026.

$5.2B in this filing95 positions

Holdings as of Jun 30, 2026. Filed Aug 14, 2026.

Stocks and funds

Share change vs Mar 31

1NTRANatera Inc19.86%
$864.9M - 3.2M shares+4.0%
2TSMTaiwan Semiconductor Manuf6.47%
$281.6M - 590K shares+19.1%
3STMStmicroelectronics N V5.34%
$232.4M - 3.1M shares+18.8%
4INSMInsmed Inc3.49%
$151.9M - 1.4M shares+23.4%
5YPFYPF Sociedad Anonima3.28%
$142.7M - 3.1M shares-3.0%

#	Stock				At Jun 30	Now
1	NTRANatera Inc	19.86%	$864.9M	+4.0%	$271.45	$391.30 +44.2%
2	TSMTaiwan Semiconductor Manuf	6.47%	$281.6M	+19.1%	$477.57	$413.83 -13.3%
3	STMStmicroelectronics N V	5.34%	$232.4M	+18.8%	$74.89	$46.60 -37.8%
4	INSMInsmed Inc	3.49%	$151.9M	+23.4%	$106.62	$99.21 -6.9%
5	YPFYPF Sociedad Anonima	3.28%	$142.7M	-3.0%	$45.47	$51.11 +12.4%

Options positions9 positions (0 puts, 9 calls) - $856.6M. Priced off the underlying stock - 13F never discloses strike or premium.

Share change vs Mar 31

1RSP callsInvesco Exchange Traded FD20.39%
$174.7M - 821K shares-
2EWZ callsiShares Inc17.03%
$145.9M - 4.2M shares-
3INSM callsInsmed Inc16.80%
$143.9M - 1.4M sharesNEW

#	Stock				At Jun 30	Now
1	RSP callsInvesco Exchange Traded FD	20.39%	$174.7M	-	$212.77	$212.09 -0.3%
2	EWZ callsiShares Inc	17.03%	$145.9M	-	$34.50	-
3	INSM callsInsmed Inc	16.80%	$143.9M	NEW	$106.62	$99.21 -6.9%

87 more on a paid plan

Unlock the full portfolio and quarterly changes.

Unlock all 87 holdings

What is missing

Top 10 concentration: 46%. This filing does not include cash, short positions, private investments, bonds, or many overseas holdings. Next filing due ~Nov 16, 2026.

Disclosed changes

Q2 2026 holdings. Exact trade dates are not disclosed.

More disclosures (13)

Common questions

What stocks does Stanley Druckenmiller own?: As of Q2 2026, Duquesne Family Office reported 95 positions with a combined 13F value of $5.2B. Its largest stock positions are NTRA ($864.9M), TSM ($281.6M) and STM ($232.4M).
How often does Duquesne Family Office update its portfolio?: Duquesne Family Office files a 13F with the SEC every quarter, due 45 days after quarter end. The latest covers Q2 2026 and was filed Aug 14, 2026. The next one is due by Nov 16, 2026.
What does Duquesne Family Office's 13F leave out?: A 13F lists long positions in US-listed stocks and some options held on the last day of a quarter. It leaves out short positions, most bonds, holdings not listed in the US and anything bought or sold since the quarter ended.
Where does Duquesne Family Office's portfolio data come from?: From the 13F filings Duquesne Family Office makes to the SEC, available on EDGAR. Each quarter shows how positions changed from the one before.