What Stanley Druckenmiller Bought and Sold in Q2 2026

As of the Q2 2026 13F, filed 14 August 2026

Duquesne Family Office LLC, led by Stanley Druckenmiller, significantly increased its stake in NTRA during the second quarter of 2026. The fund added 123 thousand shares, representing a 4% increase in the position, which now accounts for 16.6% of the reported total value.

Notable Buys

The fund initiated several new positions, including BTDR with 4.1 million shares, representing 1.24% of the reported total, and PURR with 2.9 million shares, accounting for 0.44% of the reported total. A new position in FOXA was established with 2.2 million shares, making up 2.21% of the reported total. Duquesne also added 1.9 million shares of CLF, an 82.2% increase, bringing its share of the reported total to 0.76%. PCT saw an increase of 1.7 million shares, up 178.4%, and now represents 0.42% of the reported total. A new call option position was established in INSM with a notional value equivalent to 1.4 million shares, representing 2.76% of the reported total. ADMA shares increased by 1.2 million, an 80.1% rise, making up 0.45% of the reported total. A new position in FLR was added with 982 thousand shares, accounting for 0.99% of the reported total. Beyond new positions, the fund increased its TSM stake by 94 thousand shares (+19.1%), which is 5.4% of the reported total, and its STM stake by 490 thousand shares (+18.8%), making up 4.46% of the reported total. The fund also increased its INSM stock position by 271 thousand shares (+23.4%), which is 2.92% of the reported total.

Notable Sells

Duquesne Family Office reduced its position in TEVA by 1.8 million shares, a 73.7% decrease, which now represents 0.41% of the reported total. The fund trimmed its ROKU holding by 566 thousand shares, a 75.5% reduction, making up 0.49% of the reported total. TBBB saw a reduction of 207 thousand shares (-6.7%), now 2.32% of the reported total. WWD was reduced by 144 thousand shares (-68.2%), accounting for 0.55% of the reported total. The fund decreased its YPF position by 97 thousand shares (-3%), which is 2.74% of the reported total. Global X Fds was reduced by 59 thousand shares (-15.1%), representing 0.58% of the reported total. SNDK saw a reduction of 3 thousand shares (-8.5%), making up 1.52% of the reported total.

Portfolio Concentration

The reported total value of Duquesne Family Office LLC's portfolio was $5.21 billion across 95 positions. The data above covers only the largest 60 positions, which is 93.7% of the reported value. The largest positions, based on their share of the reported total value, include NTRA at 16.6%, TSM at 5.4%, and STM at 4.46%. An Invesco Exchange Traded Fd T call option, a position in favor of the company, represents 3.35% of the reported total. YPF accounts for 2.74% of the reported total. An Ishares Inc call option, a position in favor of the company, represents 2.8% of the reported total. Notably, 16.43% of the reported total is option notional, consisting of 9 call options and no put options.

A 13F filing provides a snapshot of a fund's holdings at the end of a quarter and is filed with the SEC 45 days after the quarter's close.