Stanley Druckenmiller · quarter digest

What Stanley Druckenmiller did in Q2 2025

Duquesne Family Office filed 27 moves in Q2 2025: 11 new, 6 add, 6 trim, 4 exit.

13F filed 2025-08-14. Manager quality score: q9. Philosophy: Macro top-down, concentrated bets, ride trends.

← Q1 2025 Q2 2025 · fleet digest Q3 2025 →

New positions · 11

Fresh money

MSFTMicrosoft Corp

NEW·2.5% book·+6

IVVIshares Tr

NEW·1.8% book·0

CCitigroup Inc

NEW·1.4% book·−2

SPGSpdr S&P 500 Etf Tr

NEW·1.4% book·+10

QSRRestaurant Brands Intl Inc

NEW·1.2% book·+12

SEASea Ltd

NEW·1.2% book·−1

GSGoldman Sachs Group Inc

NEW·0.7% book·+3

XPOXpo Inc

NEW·0.5% book·−3

BACBank America Corp

NEW·0.4% book·+14

LENLennar Corp

NEW·0.2% book·−6

DHRDanaher Corporation

NEW·0.1% book·−6

Adds · 6

Adding to conviction

COHR

ADD +20%·5.3% book·+26

“First Coherent add.”

TSM

ADD +10%·4.5% book·+16

“Building Taiwan Semi.”

ROKURoku Inc

ADD +123%·2.4% book·−1

LLYEli Lilly & Co

ADD +6%·1.9% book·−9

EQTEqt Corp

ADD +46%·1.8% book·−8

APPApplovin Corp

ADD +123%·0.8% book·−12

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Trims · 6

Taking chips off

NVDA

TRIM -12%·13.8% book·+19

“First NVDA trim of the cycle.”

PFEPhilip Morris Intl Inc

TRIM -26%·3.7% book·−5

DELLDelta Air Lines Inc Del

TRIM -39%·1.0% book·+3

KLACKinder Morgan Inc Del

TRIM -35%·0.8% book·−3

BKNGBarclays Plc

TRIM -59%·0.7% book·−4

BNBroadcom Inc

TRIM -73%·0.6% book·+23

Exits · 4

Closed positions

COFCapital One Finl Corp

EXIT·0.0% book·−6

AMZNAmazon Com Inc

EXIT·0.0% book·+6

FLEXFlex Ltd

EXIT·0.0% book·−2

TSLATesla Inc

EXIT·0.0% book·−4

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.