Duquesne Family Office 13F, Q1 2025
Stanley Druckenmiller · quarter ending 31 March 2025 · filed 15 May 2025 · SEC CIK 1536411
Common stock only: shares the fund reported owning at the quarter end, valued as filed. The filing also lists 3 put and call lines, reported at the value of the underlying shares; they are not ownership and are not in these totals.
Largest positions, Q1 2025
The 25 largest of 49 positions. Weights are against the whole filed book. Changes are in shares held, against the Q4 2024 filing.
| Company | Ticker | Value | % of book | vs Q4 2024 |
|---|---|---|---|---|
| Natera Inc | NTRA | $481.12M | 16.1% | -5% shares |
| Teva Pharmaceutical Inds Ltd | TEVA | $228.70M | 7.7% | +65% shares |
| Coupang Inc | CPNG | $204.01M | 6.8% | +5% shares |
| Woodward Inc | WWD | $200.33M | 6.7% | -10% shares |
| Philip Morris Intl Inc | PM | $175.44M | 5.9% | -18% shares |
| Coherent Corp | COHR | $144.30M | 4.8% | -21% shares |
| Mercadolibre Inc | MELI | $104.81M | 3.5% | unchanged |
| Insmed Inc | INSM | $104.44M | 3.5% | +131% shares |
| Taiwan Semiconductor Mfg Ltd | TSM | $99.40M | 3.3% | +457% shares |
| Docusign Inc | DOCU | $87.48M | 2.9% | new |
| Flutter Entmt Plc | $83.57M | 2.8% | +1986% shares | |
| Eli Lilly & Co | LLY | $78.32M | 2.6% | +53% shares |
| Ypf Sociedad Anonima | YPF | $72.72M | 2.4% | +23% shares |
| Verona Pharma Plc | $63.62M | 2.1% | +13% shares | |
| Barclays Plc | BCS | $58.63M | 2.0% | +20% shares |
| Wabtec | WAB | $54.60M | 1.8% | +8% shares |
| Ccc Intelligent Solutions Hl | CCC | $50.52M | 1.7% | new |
| Kinder Morgan Inc Del | KMI | $47.19M | 1.6% | -26% shares |
| Eqt Corp | EQT | $45.91M | 1.5% | new |
| Caesars Entertainment Inc Ne | CZR | $38.71M | 1.3% | new |
| Freeport-Mcmoran Inc | FCX | $38.55M | 1.3% | +34% shares |
| Daktronics Inc | DAKT | $37.36M | 1.3% | +17% shares |
| Global X Fds | ARGT | $35.85M | 1.2% | -19% shares |
| Twilio Inc | TWLO | $35.46M | 1.2% | new |
| Capital One Finl Corp | COF | $35.44M | 1.2% | new |
What changed since Q4 2024
Against the Q4 2024 filing, Duquesne Family Office opened 12 new positions, added to 14, trimmed 17, left 6 unchanged and exited 37. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
New positions
and 4 more
Exited
- Skechers U S A Incwas $72.27M
- SLMwas $69.51M
- United States Stl Corpwas $54.73M
- WBDwas $49.23M
- VSTwas $39.07M
- MUwas $34.41M
- KREwas $33.44M
- BWXTwas $33.33M
and 29 more
Other quarters
Source: SEC Form 13F-HR, accession 0001536411-25-000008, filed by Duquesne Family Office LLC. Values are as filed and cover US-listed positions only; a 13F does not show short positions or holdings outside the US. A 13F may be filed up to 45 days after the quarter ends, so the fund may have traded since. Educational information, not financial advice.