Stanley Druckenmiller · quarter digest

What Stanley Druckenmiller did in Q1 2025

Duquesne Family Office filed 22 moves in Q1 2025: 5 new, 3 add, 6 trim, 8 exit.

13F filed 2025-05-15. Manager quality score: q9. Philosophy: Macro top-down, concentrated bets, ride trends.

← Q4 2024 Q1 2025 · fleet digest Q2 2025 →

New positions · 5

Fresh money

TSM

NEW·4.1% book·+16

“New TSM position.”

EQTEqt Corp

NEW·1.5% book·−8

COFCapital One Finl Corp

NEW·1.2% book·−6

ROKURoku Inc

NEW·1.1% book·−1

APPApplovin Corp

NEW·0.3% book·−12

Adds · 3

Adding to conviction

NVDA

ADD +5%·15.6% book·+19

“Small NVDA add before the trim cycle began.”

LLYEli Lilly & Co

ADD +52%·2.6% book·−9

BKNGBarclays Plc

ADD +20%·1.9% book·−4

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Trims · 6

Taking chips off

PFEPhilip Morris Intl Inc

TRIM -18%·5.7% book·−5

DELLDelta Air Lines Inc Del

TRIM -27%·1.8% book·+3

KLACKinder Morgan Inc Del

TRIM -26%·1.5% book·−3

AMZNAmazon Com Inc

TRIM -58%·0.9% book·+6

BNBrookfield Corp

TRIM -48%·0.5% book·+23

TSLATesla Inc

TRIM -50%·0.2% book·−4

Exits · 8

Closed positions

SLMSlm Corp

EXIT·0.0% book·+1

GEVGe Vernova Inc

EXIT·0.0% book·−8

MUMicron Technology Inc

EXIT·0.0% book·+19

SPGISpdr Ser Tr

EXIT·0.0% book·−2

ARMArm Holdings Plc

EXIT·0.0% book·+2

USBUs Bancorp Del

EXIT·0.0% book·0

GOOGLAlphabet Inc

EXIT·0.0% book·−9

CCitigroup Inc

EXIT·0.0% book·−2

Current top holdings

Stanley Druckenmiller’s book, latest snapshot

#	Ticker	Weight	Conviction
1	NVDA NVIDIA	11.4%	+19
2	MSFT Microsoft	9.1%	+6
3	COHR Coherent	6.8%	+26
4	TSM Taiwan Semi	5.2%	+16
5	KMI Kinder Morgan	4.8%	0

Not investment advice. Data from 13F filings with HoldLens parsing. Methodology.