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Stanley Druckenmiller · quarter digest

What Stanley Druckenmiller did in Q1 2025

Duquesne Family Office filed 38 moves in Q1 2025: 8 new, 8 add, 8 trim, 14 exit.

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

New positions · 8

Fresh money

NEW·4.1% book·−3

New TSM position.

CCCSCcc Intelligent Solutions Hl
NEW·1.7% book·+3
EQTEqt Corp
NEW·1.5% book·−5
COFCapital One Finl Corp
NEW·1.2% book·−17
ROKURoku Inc
NEW·1.1% book·−4
BBIOBridgebio Pharma Inc
NEW·0.5% book·−14
CHKExpand Energy Corporation
NEW·0.4% book·−5
APPApplovin Corp
NEW·0.3% book·−9
Adds · 8

Adding to conviction

ADD +5%·15.6% book·+8

Small NVDA add before the trim cycle began.

TEVATeva Pharmaceutical Inds Ltd
ADD +65%·7.5% book·+1
INSMInsmed Inc
ADD +131%·3.4% book·−2
FLUTFlutter Entmt Plc
ADD +1985%·2.7% book·−5
LLYEli Lilly & Co
ADD +52%·2.6% book·−6
BKNGBarclays Plc
ADD +20%·1.9% book·−13
WABWabtec
ADD +8%·1.8% book·−4
FCXFreeport-Mcmoran Inc
ADD +34%·1.3% book·−4
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Trims · 8

Taking chips off

PFEPhilip Morris Intl Inc
TRIM -18%·5.7% book·−11
COHRCoherent Corp
TRIM -21%·4.7% book·+23
DALDelta Air Lines Inc Del
TRIM -27%·1.8% book·−12
KLACKinder Morgan Inc Del
TRIM -26%·1.5% book·−14
STXSeagate Technology Hldngs Pl
TRIM -78%·1.3% book·+1
AMZNAmazon Com Inc
TRIM -58%·0.9% book·−8
BNBrookfield Corp
TRIM -48%·0.5% book·+12
TSLATesla Inc
TRIM -50%·0.2% book·−12
Exits · 14

Closed positions

SLMSlm Corp
EXIT·0.0% book·+9
VSTVistra Corp
EXIT·0.0% book·+1
GEVGe Vernova Inc
EXIT·0.0% book·−6
MUMicron Technology Inc
EXIT·0.0% book·+22
SPGISpdr Ser Tr
EXIT·0.0% book·−1
DFSDiscover Finl Svcs
EXIT·0.0% book·−11
ARMArm Holdings Plc
EXIT·0.0% book·+4
USBUs Bancorp Del
EXIT·0.0% book·−8
GOOGLAlphabet Inc
EXIT·0.0% book·−26
LYVLive Nation Entertainment In
EXIT·0.0% book·−17
CCitigroup Inc
EXIT·0.0% book·−6
IQVIqvia Hldgs Inc
EXIT·0.0% book·−12
NUNu Hldgs Ltd
EXIT·0.0% book·−12
PLTRPalantir Technologies Inc
EXIT·0.0% book·+14
Current top holdings

Stanley Druckenmiller’s book, latest snapshot

#TickerWeight
1NVDA
NVIDIA
11.4%
2MSFT
Microsoft
9.1%
3COHR
Coherent
6.8%
4TSM
Taiwan Semi
5.2%
5KMI
Kinder Morgan
4.8%
Other quarters for Stanley Druckenmiller

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