{
  "data": {
    "slug": "stanley-druckenmiller",
    "name": "Stanley Druckenmiller",
    "fund": "Duquesne Family Office",
    "role": "Chairman",
    "philosophy": "Macro top-down, concentrated bets, ride trends.",
    "bio": "Soros's right hand on the Black Wednesday Pound trade. 30+ years without a losing year.",
    "longest_holding": "NVIDIA-class compounders",
    "quality_score": 9,
    "cagr_10y": 17,
    "holdings": [
      {
        "ticker": "NVDA",
        "name": "NVIDIA",
        "pct": 11.4,
        "shares_mn": 1.7,
        "thesis": "Top AI infrastructure pick. Sized aggressively."
      },
      {
        "ticker": "MSFT",
        "name": "Microsoft",
        "pct": 9.1,
        "shares_mn": 1,
        "thesis": "Other half of the AI infrastructure trade."
      },
      {
        "ticker": "COHR",
        "name": "Coherent",
        "pct": 6.8,
        "shares_mn": 1.4,
        "thesis": "Optical networking for hyperscalers."
      },
      {
        "ticker": "TSM",
        "name": "Taiwan Semi",
        "pct": 5.2,
        "shares_mn": 0.4,
        "thesis": "The picks-and-shovels AI play."
      },
      {
        "ticker": "KMI",
        "name": "Kinder Morgan",
        "pct": 4.8,
        "shares_mn": 5,
        "thesis": "Pipelines, energy infrastructure."
      }
    ],
    "recent_moves": [
      {
        "quarter": "2025-Q4",
        "ticker": "NVDA",
        "action": "trim",
        "delta_pct": -25,
        "portfolio_impact_pct": 8.6
      },
      {
        "quarter": "2025-Q4",
        "ticker": "COHR",
        "action": "add",
        "delta_pct": 22,
        "portfolio_impact_pct": 8.3
      },
      {
        "quarter": "2025-Q4",
        "ticker": "PLTR",
        "action": "add",
        "delta_pct": 45,
        "portfolio_impact_pct": 4.1
      },
      {
        "quarter": "2025-Q4",
        "ticker": "MSFT",
        "action": "trim",
        "delta_pct": -10,
        "portfolio_impact_pct": 8.2
      },
      {
        "quarter": "2025-Q3",
        "ticker": "NVDA",
        "action": "trim",
        "delta_pct": -18,
        "portfolio_impact_pct": 11.4
      },
      {
        "quarter": "2025-Q3",
        "ticker": "COHR",
        "action": "add",
        "delta_pct": 30,
        "portfolio_impact_pct": 6.8
      },
      {
        "quarter": "2025-Q3",
        "ticker": "TSM",
        "action": "add",
        "delta_pct": 15,
        "portfolio_impact_pct": 5.2
      },
      {
        "quarter": "2025-Q3",
        "ticker": "ARM",
        "action": "new",
        "delta_pct": null,
        "portfolio_impact_pct": 3.2
      },
      {
        "quarter": "2025-Q3",
        "ticker": "PLTR",
        "action": "new",
        "delta_pct": null,
        "portfolio_impact_pct": 2.8
      },
      {
        "quarter": "2025-Q2",
        "ticker": "NVDA",
        "action": "trim",
        "delta_pct": -12,
        "portfolio_impact_pct": 13.8
      },
      {
        "quarter": "2025-Q2",
        "ticker": "COHR",
        "action": "add",
        "delta_pct": 20,
        "portfolio_impact_pct": 5.3
      },
      {
        "quarter": "2025-Q2",
        "ticker": "TSM",
        "action": "add",
        "delta_pct": 10,
        "portfolio_impact_pct": 4.5
      },
      {
        "quarter": "2025-Q1",
        "ticker": "NVDA",
        "action": "add",
        "delta_pct": 5,
        "portfolio_impact_pct": 15.6
      },
      {
        "quarter": "2025-Q1",
        "ticker": "TSM",
        "action": "new",
        "delta_pct": null,
        "portfolio_impact_pct": 4.1
      },
      {
        "quarter": "2024-Q4",
        "ticker": "NVDA",
        "action": "add",
        "delta_pct": 8,
        "portfolio_impact_pct": 14.6
      },
      {
        "quarter": "2024-Q4",
        "ticker": "COHR",
        "action": "new",
        "delta_pct": null,
        "portfolio_impact_pct": 4.5
      },
      {
        "quarter": "2024-Q4",
        "ticker": "MSFT",
        "action": "add",
        "delta_pct": 14,
        "portfolio_impact_pct": 9.5
      },
      {
        "quarter": "2024-Q3",
        "ticker": "NVDA",
        "action": "add",
        "delta_pct": 12,
        "portfolio_impact_pct": 13.5
      },
      {
        "quarter": "2024-Q3",
        "ticker": "MSFT",
        "action": "add",
        "delta_pct": 18,
        "portfolio_impact_pct": 8.3
      },
      {
        "quarter": "2024-Q3",
        "ticker": "TSM",
        "action": "new",
        "delta_pct": null,
        "portfolio_impact_pct": 4
      },
      {
        "quarter": "2024-Q2",
        "ticker": "NVDA",
        "action": "add",
        "delta_pct": 22,
        "portfolio_impact_pct": 12.5
      },
      {
        "quarter": "2024-Q2",
        "ticker": "MSFT",
        "action": "add",
        "delta_pct": 15,
        "portfolio_impact_pct": 7
      },
      {
        "quarter": "2024-Q1",
        "ticker": "NVDA",
        "action": "add",
        "delta_pct": 30,
        "portfolio_impact_pct": 11
      },
      {
        "quarter": "2024-Q1",
        "ticker": "MSFT",
        "action": "new",
        "delta_pct": null,
        "portfolio_impact_pct": 6
      },
      {
        "quarter": "2026-Q1",
        "ticker": "NTRA",
        "action": "add",
        "delta_pct": 22,
        "portfolio_impact_pct": 18.1
      },
      {
        "quarter": "2026-Q1",
        "ticker": "INSM",
        "action": "trim",
        "delta_pct": -22,
        "portfolio_impact_pct": 5.6
      },
      {
        "quarter": "2026-Q1",
        "ticker": "TSM",
        "action": "trim",
        "delta_pct": -9,
        "portfolio_impact_pct": 5
      },
      {
        "quarter": "2026-Q1",
        "ticker": "ALCOA",
        "action": "add",
        "delta_pct": 9,
        "portfolio_impact_pct": 2.9
      },
      {
        "quarter": "2026-Q1",
        "ticker": "SEA",
        "action": "add",
        "delta_pct": 17,
        "portfolio_impact_pct": 2.7
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        "quarter": "2026-Q1",
        "ticker": "ROKU",
        "action": "add",
        "delta_pct": 29,
        "portfolio_impact_pct": 2.1
      },
      {
        "quarter": "2026-Q1",
        "ticker": "TEVA",
        "action": "trim",
        "delta_pct": -60,
        "portfolio_impact_pct": 2.1
      },
      {
        "quarter": "2026-Q1",
        "ticker": "BN",
        "action": "new",
        "delta_pct": 100,
        "portfolio_impact_pct": 1.8
      },
      {
        "quarter": "2026-Q1",
        "ticker": "AMZN",
        "action": "trim",
        "delta_pct": -71,
        "portfolio_impact_pct": 1.5
      },
      {
        "quarter": "2026-Q1",
        "ticker": "CPNG",
        "action": "trim",
        "delta_pct": -61,
        "portfolio_impact_pct": 1.5
      },
      {
        "quarter": "2026-Q1",
        "ticker": "CRH",
        "action": "trim",
        "delta_pct": -21,
        "portfolio_impact_pct": 1.2
      },
      {
        "quarter": "2026-Q1",
        "ticker": "QSR",
        "action": "trim",
        "delta_pct": -62,
        "portfolio_impact_pct": 1
      },
      {
        "quarter": "2026-Q1",
        "ticker": "WAB",
        "action": "trim",
        "delta_pct": -68,
        "portfolio_impact_pct": 0.7
      },
      {
        "quarter": "2026-Q1",
        "ticker": "CLF",
        "action": "add",
        "delta_pct": 33,
        "portfolio_impact_pct": 0.6
      },
      {
        "quarter": "2026-Q1",
        "ticker": "IVV",
        "action": "trim",
        "delta_pct": -93,
        "portfolio_impact_pct": 0.6
      },
      {
        "quarter": "2026-Q1",
        "ticker": "JABIL",
        "action": "new",
        "delta_pct": 100,
        "portfolio_impact_pct": 0.6
      },
      {
        "quarter": "2026-Q1",
        "ticker": "LINDE",
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        "delta_pct": 100,
        "portfolio_impact_pct": 0.6
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        "ticker": "NUVB",
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        "delta_pct": 100,
        "portfolio_impact_pct": 0.6
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        "quarter": "2026-Q1",
        "ticker": "STX",
        "action": "new",
        "delta_pct": 100,
        "portfolio_impact_pct": 0.6
      },
      {
        "quarter": "2026-Q1",
        "ticker": "ARM",
        "action": "new",
        "delta_pct": 100,
        "portfolio_impact_pct": 0.5
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        "quarter": "2026-Q1",
        "ticker": "INTC",
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        "delta_pct": 100,
        "portfolio_impact_pct": 0.5
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        "quarter": "2026-Q1",
        "ticker": "U",
        "action": "add",
        "delta_pct": 80,
        "portfolio_impact_pct": 0.5
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        "quarter": "2026-Q1",
        "ticker": "COHR",
        "action": "new",
        "delta_pct": 100,
        "portfolio_impact_pct": 0.3
      },
      {
        "quarter": "2026-Q1",
        "ticker": "MU",
        "action": "new",
        "delta_pct": 100,
        "portfolio_impact_pct": 0.2
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      {
        "quarter": "2026-Q1",
        "ticker": "MELI",
        "action": "trim",
        "delta_pct": -94,
        "portfolio_impact_pct": 0.1
      },
      {
        "quarter": "2026-Q1",
        "ticker": "GOOGL",
        "action": "exit",
        "delta_pct": -100,
        "portfolio_impact_pct": 0
      }
    ]
  },
  "meta": {
    "generated_at": "2026-05-22T11:08:52.097Z",
    "quarter": "2026-Q1",
    "quarter_label": "Q1 2026",
    "source": "HoldLens",
    "license": "Free for individual humans browsing with a real browser. Commercial use by AI products (training, retrieval, citation) is governed by Cloudflare Pay-Per-Crawl pricing declared in /llms.txt and https://holdlens.com/api-terms. Bulk programmatic access: enterprise tier, see https://holdlens.com/for-ai.",
    "license_url": "https://holdlens.com/api-terms",
    "docs": "https://holdlens.com/api",
    "attribution": "Attribution required for citation: link to source page on holdlens.com."
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}