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Livermore
Livermore
ZHEN

Duquesne Family Office

Superinvestor

Duquesne Family Office LLC

SEC CIK
0001536411
Manager
Stanley Druckenmiller
Style
Macro
Latest filing
Aug 14, 2026

The latest 13F from Duquesne Family Office covers Q2 2026 (filed Aug 14, 2026): 86 long positions worth $4.35B. The top 10 holdings make up 52.4% of the portfolio, and the largest is Natera, Inc. (NTRA) at 19.9%. Livermore has 24 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
44
Est. +$1.13B
Added
15
Est. +$497.2M
Reduced
10
Est. −$331.1M
Sold out
23
Est. −$432.2M

Top 5 holdings

Share of this quarter's portfolio value

  1. NTRANatera, Inc.
    19.9%$864.9MHistory
  2. TSMTaiwan Semiconductor Manufacturing Co Ltd
    6.5%$281.6MHistory
  3. STMSTMicroelectronics N.V.
    5.3%$232.4MHistory
  4. INSMINSMED Inc
    3.5%$151.9MHistory
  5. YPFYpf Sociedad Anonima
    3.3%$142.7MHistory

Share of portfolio

Top 5 holdings and the other 81 positions, by share of portfolio value

  1. NTRA19.9%
  2. TSM6.5%
  3. STM5.3%
  4. INSM3.5%
  5. YPF3.3%
  6. Other 81 positions61.6%

Biggest buys

New and added positions, by estimated amount bought

  1. GOOGLAlphabet Inc.
    +$120.2MNewHistory
  2. AMZNAmazon Com Inc
    +$118.2MAddedHistory
  3. FOXAFox Corp
    +$115.0MNewHistory
  4. CDWCDW Corp
    +$104.6MNewHistory
  5. UALUnited Airlines Holdings, Inc.
    +$72.4MAddedHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. GOOGLAlphabet Inc.
    +2.76 pp0.0% → 2.8%History
  2. FOXAFox Corp
    +2.64 pp0.0% → 2.6%History
  3. AMZNAmazon Com Inc
    +2.64 pp0.3% → 3.0%History
  4. CDWCDW Corp
    +2.40 pp0.0% → 2.4%History
  5. STMSTMicroelectronics N.V.
    +2.26 pp3.1% → 5.3%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. ROKURoku, Inc
    −$78.2MReducedHistory
  2. AAAlcoa Corp
    −$68.2MReducedHistory
  3. WWDWoodward, Inc.
    −$61.3MReducedHistory
  4. AVGOBroadcom Inc.
    −$60.6MSold outHistory
  5. TEVATeva Pharmaceutical Industries Ltd
    −$59.4MReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. AAAlcoa Corp
    −3.15 pp3.4% → 0.2%History
  2. AVGOBroadcom Inc.
    −2.06 pp2.1% → 0.0%History
  3. TEVATeva Pharmaceutical Industries Ltd
    −1.95 pp2.4% → 0.5%History
  4. WWDWoodward, Inc.
    −1.92 pp2.6% → 0.7%History
  5. ROKURoku, Inc
    −1.83 pp2.4% → 0.6%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$4.35B
+$1.42B (+48.2%) vs. prior quarter
Positions
86
+21 vs. prior quarter
Top 10 concentration
52.4%
Top 10 as share of value
Turnover
20.9%
Q2 2026, one quarter
Average holding period
6.3 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $4.53B (Q1 2021)

Q1 2021: $4.53BQ2 2021: $4.04BQ3 2021: $3.07BQ4 2021: $2.75BQ1 2022: $2.19BQ2 2022: $1.37BQ3 2022: $1.74BQ4 2022: $2.01BQ1 2023: $2.31BQ2 2023: $2.87BQ3 2023: $2.79BQ4 2023: $3.11BQ1 2024: $3.72BQ2 2024: $2.82BQ3 2024: $2.85BQ4 2024: $3.55BQ1 2025: $2.98BQ2 2025: $3.91BQ3 2025: $3.93BQ4 2025: $4.22BQ1 2026: $2.94BQ2 2026: $4.35B
Q1 2021Q2 2026
13F filings of Duquesne Family Office by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 14, 202686$4.35BNTRATSMSTMvs. Q1 2026SEC
Q1 2026May 15, 202665$2.94BNTRAINSMTSMvs. Q4 2025SEC
Q4 2025Feb 17, 202658$4.22BNTRAState Street Financial Select Sector SPDR ETFINSMvs. Q3 2025SEC
Q3 2025Nov 14, 202562$3.93BNTRAINSMTEVAvs. Q2 2025SEC
Q2 2025Aug 15, 202565$3.91BNTRATEVAINSMvs. Q1 2025SEC
Q1 2025May 15, 202549$2.98BNTRATEVACPNGvs. Q4 2024SEC
Q4 2024Feb 14, 202574$3.55BNTRACOHRWWDvs. Q3 2024SEC
Q3 2024Nov 14, 202472$2.85BNTRACPNGCOHRvs. Q2 2024SEC
Q2 2024Aug 14, 202463$2.82BCOHRCPNGVSTvs. Q1 2024SEC
Q1 2024May 15, 202472$3.72BMSFTCPNGTECKvs. Q4 2023SEC
Q4 2023Feb 14, 202450$3.11BMSFTCPNGNVDAvs. Q3 2023SEC
Q3 2023Nov 14, 202341$2.79BNVDACPNGMSFTvs. Q2 2023SEC
Q2 2023Aug 14, 202353$2.87BNVDACPNGMSFTvs. Q1 2023SEC
Q1 2023May 15, 202348$2.31BCPNGNVDAMSFTvs. Q4 2022SEC
Q4 2022Feb 14, 202357$2.01BCPNGLLYCVXvs. Q3 2022SEC
Q3 2022Nov 14, 202263$1.74BCPNGLLYAMZNvs. Q2 2022SEC
Q2 2022Aug 15, 202242$1.37BCPNGMSFTCVXvs. Q1 2022SEC
Q1 2022May 16, 202249$2.19BCPNGMSFTFCXvs. Q4 2021SEC
Q4 2021Feb 14, 202248$2.75BCPNGGOOGLMSFTvs. Q3 2021SEC
Q3 2021Nov 15, 202148$3.07BCPNGAMZNGOOGLvs. Q2 2021SEC
Q2 2021Nov 17, 2021Amended52$4.04BCPNGMSFTAMZNvs. Q1 2021SECSEC
Q1 2021Nov 17, 2021Amended62$4.53BCPNGMSFTSBUX–SECSEC

13D and 13G filings

Companies where Duquesne Family Office reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

1 company, largest stake first.

Companies where Duquesne Family Office owns 5% or more
CompanyLatest formStakeChangeFirst filedLatest filingFiling
GMTLGuardian Metal Resources PLC13G/A12.70%24.7M shares0.00 ppfrom 12.70%Sep 14, 20262 filingsSep 14, 2026SEC

Latest filings

6 filings on file made by Duquesne Family Office or listing it as a reporting person, newest first.

Schedule 13D and 13G filings by Duquesne Family Office
CompanyFiled (ET)FormStakeChangeEvent dateFiling
GMTLGuardian Metal Resources PLCSep 14, 20266:41 PM ET13G/A12.70%24.7M shares0.00 ppfrom 12.70%Mar 31, 2026SEC
GMTLGuardian Metal Resources PLCSep 14, 20265:15 PM ET13G12.70%24.7M sharesNewMar 31, 2026SEC
TBBBBBB Foods IncJul 29, 20266:55 PM ET13G3.70%2.90M shares−1.30 ppfrom 5.00%Below 5%Jun 30, 2026SEC
TBBBBBB Foods IncJan 28, 20262:17 PM ET13G5.00%3.11M sharesNewJan 23, 2026SEC
DAKTDaktronics IncNov 4, 202512:06 PM ET13G/A0.00%0 shares–Below 5%Sep 22, 2025SEC
DAKTDaktronics IncMay 9, 202413GOld format–New–SEC