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Stanley Druckenmiller · quarter digest

What Stanley Druckenmiller did in Q4 2025

Duquesne Family Office filed 31 moves in Q4 2025: 6 new, 8 add, 5 trim, 12 exit.

13F filed 2026-02-14. Manager quality score: q9. Philosophy: Macro top-down, concentrated bets, ride trends.

New positions · 6

Fresh money

ALCOAAlcoa Corp
NEW·1.6% book·+7
DELLDelta Air Lines Inc Del
NEW·1.0% book·+3
GSGoldman Sachs Group Inc
NEW·0.5% book·+3
RHRh
NEW·0.4% book·+4
ARGANArgan Inc
NEW·0.2% book·+2
PFEPhilip Morris Intl Inc
NEW·0.2% book·−5
Adds · 8

Adding to conviction

ADD +22%·8.3% book·+26

Building Coherent further — optical networking.

AMZNAmazon Com Inc
ADD +92%·4.3% book·+6
ADD +45%·4.1% book·+18

Bigger Palantir position — AI software thesis.

GOOGLAlphabet Inc
ADD +277%·2.7% book·−9
SEASea Ltd
ADD +244%·2.7% book·−1
QSRRestaurant Brands Intl Inc
ADD +7%·1.8% book·+12
CRHCrh Plc
ADD +21%·1.3% book·+8
CMGChipotle Mexican Grill Inc
ADD +68%·0.3% book·+8
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Trims · 5

Taking chips off

TRIM -25%·8.6% book·+19

Continuing to trim the NVDA home run. Taking profits.

TRIM -10%·8.2% book·+6

Partial Microsoft trim.

TSMTaiwan Semiconductor Mfg Ltd
TRIM -29%·3.7% book·+16
IVVIshares Tr
TRIM -47%·2.3% book·0
ROKURoku Inc
TRIM -29%·1.4% book·−1
Exits · 12

Closed positions

METAMeta Platforms Inc
EXIT·0.0% book·+5
BACBank America Corp
EXIT·0.0% book·+14
CCitigroup Inc
EXIT·0.0% book·−2
EQTEqt Corp
EXIT·0.0% book·−8
GEVGe Vernova Inc
EXIT·0.0% book·−8
LENLennar Corp
EXIT·0.0% book·−6
LSXMALiberty Media Corp Del
EXIT·0.0% book·−11
SPGISpdr Series Trust
EXIT·0.0% book·−2
ARMArm Holdings Plc
EXIT·0.0% book·+2
PDDPg&E Corp
EXIT·0.0% book·−1
COFCapital One Finl Corp
EXIT·0.0% book·−6
MNSTMongodb Inc
EXIT·0.0% book·−7
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.