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Focused investors/Stanley Druckenmiller

Stanley Druckenmiller - Duquesne Family Office LLC

As of Q2 2026, Stanley Druckenmiller reported 86 long-equity positions worth $4.35B in aggregate.

It also disclosed $856.64M of call notional. Notional is the contracts’ face value, not the premium paid, so it is reported separately from the equity above — see the Options section below.

Copy-investor backtest

Latest quarter
+18.27%
1-year
+47.15%
3-year
+192.32%
5-year
+210.61%
3-year vs S&P 500
+119.08%
5-year vs S&P 500
+112.71%
5-year top 5
+305.82%

Return from mechanically copying the disclosed 13F equity portfolio after each filing and rebalancing at the next. The vs S&P 500 figures subtract SPY over that manager's own rebalance dates, so both sides cover the same days; both are price return, excluding dividends. Method & limitations.

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Updated 2026-09-19 from SEC 13F data.

Live quotes available for 50 of 84 rows. Rows without a quote are marked unavailable.

1CPNGCoupang Inc12.24%New11,229,653$554.18M$49.3552w: $41.41 - $69.00; reported $49.35
2MSFTMicrosoft Corp11.09%Reduce -19.3%2,128,753$501.9M$235.7752w: $150.36 - $246.13; reported $235.77
3SBUXStarbucks Corp5.45%Add +14.3%2,258,880$246.83M$109.2752w: $60.90 - $112.34; reported $109.27
4AMZNAmazon Com Inc5.17%Reduce -8.6%75,648$234.06M$3094.0852w: $94.46 - $177.61; reported $3094.08
5FCXFreeport-Mcmoran Inc4.46%Reduce -2.5%6,124,379$201.68M$32.9352w: $6.14 - $39.10; reported $32.93
6TMUST-Mobile Us Inc4.40%Reduce -32.1%1,588,140$198.98M$125.2952w: $81.04 - $135.54; reported $125.29
7CCitigroup Inc3.42%New2,124,909$154.59M$72.7552w: $36.67 - $76.13; reported $72.75
8PLTRPalantir Technologies Inc3.08%New5,983,992$139.37M$23.2952w: $8.90 - $45.00; reported $23.29
9PANWPalo Alto Networks Inc2.97%Reduce -9.1%417,084$134.33M$322.0652w: $26.33 - $67.17; reported $322.06
10SESea Ltd2.88%Reduce -23.8%583,082$130.16M$223.2352w: $40.41 - $285.00; reported $223.23
11AFRMAffirm Hldgs Inc2.15%New1,378,692$97.5M$70.7252w: $65.65 - $146.90; reported $70.72
12PENNPenn Natl Gaming Inc2.09%Reduce -40.7%900,304$94.39M$104.8452w: $8.69 - $142.00; reported $104.84
13TECKTeck Resources Ltd1.93%Add +39.0%4,551,060$87.29M$19.1852w: $6.65 - $23.93; reported $19.18
14CMICummins Inc1.86%Add +48.1%324,725$84.14M$259.1152w: $127.30 - $277.09; reported $259.11
15ONOn Semiconductor Corp1.69%New1,841,239$76.61M$41.6152w: $10.61 - $42.38; reported $41.61
16EXPEExpedia Group Inc1.68%Add +63.9%443,094$76.27M$172.1252w: $46.15 - $187.93; reported $172.12
17RETAReata Pharmaceuticals Inc1.65%-749,897$74.77MNo quoteNo quote
18GOLDBarrick Gold Corp1.58%-3,606,850$71.42MNo quoteNo quote
19BKNGBooking Holdings Inc1.54%New29,904$69.67M$2329.8652w: $48.12 - $98.78; reported $2329.86
20INTUIntuit1.49%New175,515$67.23M$383.0652w: $215.55 - $423.74; reported $383.06
21GOOGLAlphabet Inc1.42%Add +63.8%31,157$64.26M$2062.5252w: $53.75 - $107.26; reported $2062.52
22MELIMercadolibre Inc1.41%Reduce -31.6%43,261$63.69M$1472.1352w: $435.04 - $2020.00; reported $1472.13
23BLDRBuilders Firstsource Inc1.35%New1,315,579$61M$46.3752w: $10.58 - $47.74; reported $46.37
24GEGeneral Electric Co1.27%-4,375,778$57.45M$13.1352w: $27.31 - $71.87; reported $13.13
25CVNACarvana Co1.24%Reduce -56.0%213,867$56.12M$262.4052w: $8.80 - $64.68; reported $262.40
26METAFacebook Inc1.21%New185,414$54.61M$294.5352w: $150.83 - $304.67; reported $294.53
27FLEXFlex Ltd1.13%Add +61.6%2,801,260$51.29M$18.3152w: $5.55 - $15.10; reported $18.31
28UBERUber Technologies Inc1.05%Add +171.0%871,675$47.52M$54.5152w: $21.67 - $64.05; reported $54.51
29TSMTaiwan Semiconductor Mfg Ltd1.02%New391,475$46.3M$118.2852w: $46.30 - $142.20; reported $118.28
30LINLinde Plc0.99%Add +10.0%159,185$44.59M$280.1452w: $159.41 - $283.25; reported $280.14
31RUNSunrun Inc0.88%-661,535$40.01MNo quoteNo quote
32JPMJpmorgan Chase & Co0.87%New258,420$39.34M$152.2352w: $82.40 - $161.69; reported $152.23
33CATCaterpillar Inc0.80%New156,400$36.26M$231.8752w: $100.22 - $237.78; reported $231.87
34AAAlcoa Corp0.79%-1,102,000$35.8M$32.4952w: $5.71 - $34.29; reported $32.49
35ASHRDbx Etf Tr0.78%-915,910$35.37M$38.6252w: $25.43 - $46.42; reported $38.62
36USFDUs Foods Hldg Corp0.75%Add +466.4%890,415$33.94M$38.1252w: $13.65 - $41.23; reported $38.12
37FHNFirst Horizon Corporation0.73%New1,954,150$33.05MNo quoteNo quote
38NUANNuance Communications Inc0.72%Reduce -74.3%747,851$32.64MNo quoteNo quote
39VVisa Inc0.67%New144,030$30.5M$211.7352w: $150.60 - $228.23; reported $211.73
40FISFidelity Natl Information Sv0.64%New204,650$28.78M$140.6152w: $112.20 - $156.73; reported $140.61
41MAMastercard Incorporated0.62%New78,874$28.08M$356.0552w: $227.10 - $389.50; reported $356.05
42OSCROscar Health Inc0.59%New994,289$26.73M$26.8852w: $22.56 - $37.00; reported $26.88
43ABCLAbcellera Biologics Inc0.49%-659,750$22.41M$33.9652w: $23.20 - $71.91; reported $33.96
44VALEVale S A0.49%Add +86.2%1,286,612$22.36M$17.3852w: $7.36 - $19.00; reported $17.38
45SYFSynchrony Financial0.49%New547,100$22.25M$40.6652w: $12.98 - $43.61; reported $40.66
46FWONKLiberty Media Corp Del0.46%-485,800$21.03M$43.2952w: $20.25 - $46.88; reported $43.29
47FSLRFirst Solar Inc0.46%Add +3.7%239,475$20.91M$87.3052w: $33.00 - $112.50; reported $87.30
48NKTRNektar Therapeutics0.44%New1,000,000$20MNo quoteNo quote
49KBRKbr Inc0.44%New516,057$19.81M$38.3952w: $16.64 - $38.79; reported $38.39
50SNOWSnowflake Inc0.43%New84,745$19.43M$229.2852w: $205.07 - $429.00; reported $229.28
51JDJd.Com Inc0.38%-205,313$17.31M$84.3352w: $39.26 - $108.29; reported $84.33
52PYPLPaypal Hldgs Inc0.36%-67,188$16.32M$242.8452w: $89.88 - $309.14; reported $242.84
53MUMicron Technology Inc0.36%New183,726$16.21M$88.2152w: $39.33 - $95.75; reported $88.21
54ARRYArray Technologies Inc0.34%-518,250$15.45MNo quoteNo quote
55FSRFisker Inc0.27%New710,900$12.24MNo quoteNo quote
56OPCHOption Care Health Inc0.26%Add +68.8%656,568$11.65M$17.7452w: $7.93 - $21.34; reported $17.74
57NETCloudflare Inc0.15%Reduce -87.8%96,738$6.8M$70.2652w: $21.18 - $95.77; reported $70.26
58CPCanadian Pac Ry Ltd0.12%New13,922$5.32M$381.9952w: $41.05 - $77.17; reported $381.99
59STLDSteel Dynamics Inc0.11%New97,700$4.96MNo quoteNo quote
60TIGRUp Fintech Hldg Ltd0.11%New274,635$4.89MNo quoteNo quote
61DGNRDragoneer Growth Opportun Co0.06%New281,879$2.86MNo quoteNo quote
62SNSESensei Biotherapeutics Inc0.03%New100,000$1.45MNo quoteNo quote
82WDAYWorkday Inc-Sold0$0No quoteNo quote
81VAPOVapotherm Inc-Sold0$0No quoteNo quote
80SMHVaneck Vectors Etf Tr-Sold0$0No quoteNo quote
79SMARSmartsheet Inc-Sold0$0No quoteNo quote
78SAILSailpoint Technologies Hldgs-Sold0$0No quoteNo quote
77NEENextera Energy Inc-Sold0$0No quoteNo quote
76NYTNew York Times Co-Sold0$0No quoteNo quote
75LYVLive Nation Entertainment In-Sold0$0No quoteNo quote
74IQVIqvia Hldgs Inc-Sold0$0No quoteNo quote
73HESHess Corp-Sold0$0No quoteNo quote
72FSLYFastly Inc-Sold0$0No quoteNo quote
71ELANElanco Animal Health Inc-Sold0$0No quoteNo quote
70DISDisney Walt Co-Sold0$0No quoteNo quote
69CYBRCyberark Software Ltd-Sold0$0No quoteNo quote
68CRWDCrowdstrike Hldgs Inc-Sold0$0No quoteNo quote
67CCLCarnival Corp-Sold0$0No quoteNo quote
66CNQCanadian Nat Res Ltd-Sold0$0No quoteNo quote
65BMRNBiomarin Pharmaceutical Inc-Sold0$0No quoteNo quote
64ARCEArco Platform Ltd Com-Sold0$0No quoteNo quote
63ADIAnalog Devices Inc-Sold0$0No quoteNo quote

Options positions

Put = right to sell at strike (a bearish bet). Call = right to buy at strike (bullish via leverage). The notional column shows the underlying market value reported to the SEC, not the option premium paid - these don't add to the long-equity % portfolio above.

1DISHDish Network CorporationCL ACALLReduce -70.1%112,400$4.07M
2GEGeneral Electric CoCOMCALLSold0$0