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Stanley Druckenmiller · quarter digest

What Stanley Druckenmiller did in Q3 2025

Duquesne Family Office filed 35 moves in Q3 2025: 13 new, 6 add, 5 trim, 11 exit.

13F filed 2025-11-14. Manager quality score: q9. Philosophy: Macro top-down, concentrated bets, ride trends.

New positions · 13

Fresh money

NEW·3.2% book·+2

New ARM Holdings position.

NEW·2.8% book·+18

New Palantir — AI software thesis.

AMZNAmazon Com Inc
NEW·2.4% book·+6
METAMeta Platforms Inc
NEW·1.4% book·+5
CRHCrh Plc
NEW·1.2% book·+8
GEVGe Vernova Inc
NEW·1.2% book·−8
LSXMALiberty Media Corp Del
NEW·0.7% book·−11
SPGISpdr Series Trust
NEW·0.7% book·−2
GOOGLAlphabet Inc
NEW·0.6% book·−9
PDDPg&E Corp
NEW·0.6% book·−1
COFCapital One Finl Corp
NEW·0.2% book·−6
CMGChipotle Mexican Grill Inc
NEW·0.2% book·+8
MNSTMongodb Inc
NEW·0.1% book·−7
Adds · 6

Adding to conviction

ADD +30%·6.8% book·+26

Added to Coherent.

ADD +15%·5.2% book·+16

More Taiwan Semi — AI picks and shovels.

IVVIshares Tr
ADD +535%·3.8% book·0
QSRRestaurant Brands Intl Inc
ADD +51%·1.8% book·+12
BACBank America Corp
ADD +189%·1.3% book·+14
LENLennar Corp
ADD +211%·0.9% book·−6
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Trims · 5

Taking chips off

TRIM -18%·11.4% book·+19

First NVDA profit-take round.

ROKURoku Inc
TRIM -25%·2.0% book·−1
CCitigroup Inc
TRIM -23%·1.3% book·−2
EQTEqt Corp
TRIM -29%·1.2% book·−8
SEASea Ltd
TRIM -11%·1.2% book·−1
Exits · 11

Closed positions

PFEPhilip Morris Intl Inc
EXIT·0.0% book·−5
MSFTMicrosoft Corp
EXIT·0.0% book·+6
LLYEli Lilly & Co
EXIT·0.0% book·−9
DELLDelta Air Lines Inc Del
EXIT·0.0% book·+3
APPApplovin Corp
EXIT·0.0% book·−12
KLACKinder Morgan Inc Del
EXIT·0.0% book·−3
BKNGBarclays Plc
EXIT·0.0% book·−4
GSGoldman Sachs Group Inc
EXIT·0.0% book·+3
BNBroadcom Inc
EXIT·0.0% book·+23
XPOXpo Inc
EXIT·0.0% book·−3
DHRDanaher Corporation
EXIT·0.0% book·−6
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%

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