Investor: Stanley Druckenmiller
Number of Assets: 69
Reporting Period: Q2 - 2025
Holdings at Report: $4,071,254,000
Return Since Report: +$317,322,505
Return Since Report: +7.79%
Company | Position | Activity | Shares | Port. % | Rep. Price | Curr. Price | Rep. Value | Curr. Value | Return Value | Return % |
|---|---|---|---|---|---|---|---|---|---|---|
| Barclays PLC (BCS) | Equity | -59.40% | 1,549,950 | 0.74% | $18.59 | $20.30 | $28,814,000 | $31,463,985 | +$2,649,985 | +9.20% |
| Carpenter Technology Corp. (CRS) | Equity | +100% | 126,635 | 0.89% | $276.38 | $245.23 | $34,999,000 | $31,054,701 | -$3,944,299 | -11.27% |
| Citigroup Inc. (C) | Equity | +100% | 666,300 | 1.45% | $85.12 | $97.58 | $56,715,000 | $65,014,223 | +$8,299,222 | +14.63% |
| Danaher Corp. (DHR) | Equity | +100% | 24,700 | 0.12% | $197.53 | $193.55 | $4,879,000 | $4,780,685 | -$98,315 | -2.02% |
| Elbit Systems Ltd. (ESLT.TA) | Equity | +100% | 18,287 | 0.21% | $449.50 | N/A | $8,220,000 | N/A | N/A | N/A |
| Eli Lilly And Company (LLY) | Equity | +6.16% | 100,675 | 2.01% | $779.53 | $747.10 | $78,479,000 | $75,214,293 | -$3,264,707 | -4.16% |
| Global X MSCI Argentina ETF (ARGT) | Equity | -39.68% | 267,700 | 0.58% | $84.73 | $71.72 | $22,682,000 | $19,198,106 | -$3,483,895 | -15.36% |
| Illumina Inc. (ILMN) | Equity | +100% | 300,615 | 0.73% | $95.41 | $98.03 | $28,682,000 | $29,469,288 | +$787,288 | +2.74% |
| Option Care Health Inc. (OPCH) | Equity | +100% | 636,850 | 0.53% | $32.48 | $29.28 | $20,685,000 | $18,643,784 | -$2,041,216 | -9.87% |
| Seagate Technology Holdings PLC (STX) | Equity | -10.02% | 197,490 | 0.73% | $144.33 | $191.19 | $28,504,000 | $37,758,113 | +$9,254,113 | +32.47% |
| Teva Pharmaceutical Industries Limited (TEVA) | Equity | +7.32% | 15,968,935 | 6.84% | $16.76 | $19.64 | $267,639,000 | $313,550,039 | +$45,911,039 | +17.15% |
| Unity Software Inc. (U) | Equity | +100% | 1,774,050 | 1.10% | $24.20 | $45.18 | $42,932,000 | $80,142,709 | +$37,210,709 | +86.67% |
| XPO Inc. (XPO) | Equity | +100% | 163,100 | 0.53% | $126.29 | $130.50 | $20,598,000 | $21,283,735 | +$685,735 | +3.33% |
| Bank Of America Corp. (BAC) | Equity | +100% | 341,900 | 0.41% | $47.32 | $50.32 | $16,179,000 | $17,202,699 | +$1,023,699 | +6.33% |
| Chime Finl INC | Equity | +100% | 466,825 | 0.41% | $34.51 | N/A | $16,110,000 | N/A | N/A | N/A |
| Hasbro Inc. (HAS) | Equity | +100% | 281,100 | 0.53% | $73.82 | $78.33 | $20,751,000 | $22,018,563 | +$1,267,563 | +6.11% |
| Natera Inc. (NTRA) | Equity | -9.32% | 3,085,190 | 13.32% | $168.94 | $175.82 | $521,212,000 | $542,438,106 | +$21,226,106 | +4.07% |
| Nu Holdings Ltd. (NU) | Equity | +100% | 3,415,365 | 1.20% | $13.72 | $15.35 | $46,859,000 | $52,432,683 | +$5,573,683 | +11.89% |
| United Airlines Holdings Inc. (UAL) | Equity | +2.29% | 377,120 | 0.77% | $79.63 | $105.30 | $30,030,000 | $39,710,736 | +$9,680,736 | +32.24% |
| Caesars Entertainment Inc. (CZR) | Equity | -9.85% | 1,395,875 | 1.01% | $28.39 | $25.42 | $39,629,000 | $35,483,143 | -$4,145,857 | -10.46% |
| Daktronics Inc. (DAKT) | Equity | +0.28% | 3,076,224 | 1.19% | $15.12 | $17.46 | $46,513,000 | $53,710,871 | +$7,197,871 | +15.47% |
| Freeport-Mcmoran Inc. (FCX) | Equity | -77.92% | 224,800 | 0.25% | $43.35 | $43.88 | $9,745,000 | $9,863,100 | +$118,100 | +1.21% |
| Sea Limited (SE) | Equity | +100% | 309,730 | 1.27% | $159.94 | $192.14 | $49,538,000 | $59,511,522 | +$9,973,522 | +20.13% |
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | Equity | +27.77% | 765,085 | 4.43% | $226.49 | $251.74 | $173,284,000 | $192,604,028 | +$19,320,028 | +11.15% |
| Woodward Inc. (WWD) | Equity | -22.67% | 848,910 | 5.32% | $245.09 | $237.94 | $208,059,000 | $201,989,645 | -$6,069,355 | -2.92% |
| Bwx Technologies Inc. (BWXT) | Equity | +100% | 76,475 | 0.28% | $144.06 | N/A | $11,017,000 | N/A | N/A | N/A |
| D.R. Horton Inc. (DHI) | Equity | +100% | 77,400 | 0.25% | $128.91 | $177.66 | $9,978,000 | $13,750,884 | +$3,772,884 | +37.81% |
| Flutter Entertainment PLC (FLUT) | Equity | +7.38% | 405,320 | 2.96% | $285.63 | $292.47 | $115,771,000 | $118,543,940 | +$2,772,940 | +2.40% |
| Roku Inc. (ROKU) | Equity | +122.95% | 1,100,500 | 2.47% | $87.89 | $96.89 | $96,723,000 | $106,627,445 | +$9,904,445 | +10.24% |
| Warner Bros. Discovery Inc. (WBD) | Equity | +100% | 6,537,160 | 1.91% | $11.46 | $12.35 | $74,916,000 | $80,701,240 | +$5,785,240 | +7.72% |
| Applovin Corp. (APP) | Equity | +122.53% | 89,458 | 0.80% | $350.07 | $554.59 | $31,317,000 | $49,612,512 | +$18,295,512 | +58.42% |
| Builders Firstsource Inc. (BLDR) | Equity | +100% | 85,065 | 0.25% | $116.69 | $140.32 | $9,926,000 | $11,936,321 | +$2,010,321 | +20.25% |
| Ccc Intelligent Solutions Holdings Inc. (CCCS) | Equity | -81.99% | 1,007,944 | 0.24% | $9.41 | $9.70 | $9,485,000 | $9,772,017 | +$287,017 | +3.03% |
| Coupang Inc. (CPNG) | Equity | -55.87% | 4,105,424 | 3.14% | $29.96 | $32.07 | $122,999,000 | $131,640,421 | +$8,641,421 | +7.03% |
| Delta Air Lines Inc. (DAL) | Equity | +129.91% | 793,510 | 1.00% | $49.18 | $60.62 | $39,025,000 | $48,102,576 | +$9,077,576 | +23.26% |
| Eqt Corp. (EQT) | Equity | +45.77% | 1,252,700 | 1.87% | $58.32 | $50.68 | $73,057,000 | $63,480,573 | -$9,576,427 | -13.11% |
| The Goldman Sachs Group Inc. (GS) | Equity | +100% | 42,000 | 0.76% | $707.76 | $762.23 | $29,726,000 | $32,013,660 | +$2,287,660 | +7.70% |
| Ishares MSCI Brazil ETF (EWZ) | Equity | +100% | 738,800 | 0.54% | $28.85 | N/A | $21,314,000 | N/A | N/A | N/A |
| Lennar Corp. (LEN) | Equity | +100% | 89,900 | 0.25% | $110.61 | $137.41 | $9,944,000 | $12,353,159 | +$2,409,159 | +24.23% |
| Mercadolibre Inc. (MELI) | Equity | 0% | 53,725 | 3.59% | $2,613.62 | $2,363.07 | $140,417,000 | $126,955,667 | -$13,461,333 | -9.59% |
| Restaurant Brands International Inc. (QSR) | Equity | +100% | 751,010 | 1.27% | $66.29 | $61.66 | $49,784,000 | $46,307,277 | -$3,476,723 | -6.98% |
| The Financial Select Sector SPDR Fund (XLF) | Equity | +100% | 985,300 | 1.32% | $52.37 | $53.38 | $51,600,000 | $52,595,314 | +$995,314 | +1.93% |
| Thermo Fisher Scientific Inc. (TMO) | Equity | +100% | 12,200 | 0.13% | $405.49 | $483.89 | $4,947,000 | $5,903,397 | +$956,397 | +19.33% |
| Westinghouse Air Brake Technologies Corp. (WAB) | Equity | -43.37% | 170,510 | 0.91% | $209.35 | $189.32 | $35,696,000 | $32,280,953 | -$3,415,047 | -9.57% |
| YPF Sociedad Anónima (YPF) | Equity | -66.08% | 703,995 | 0.57% | $31.45 | $26.93 | $22,141,000 | $18,955,065 | -$3,185,935 | -14.39% |
| Broadcom Inc. (AVGO) | Equity | +100% | 86,140 | 0.61% | $275.64 | $336.94 | $23,744,000 | $29,024,012 | +$5,280,012 | +22.24% |
| Corning Inc. (GLW) | Equity | +100% | 623,145 | 0.84% | $52.59 | $72.48 | $32,771,000 | $45,162,434 | +$12,391,434 | +37.81% |
| Entegris Inc. (ENTG) | Equity | +100% | 1,645,885 | 3.39% | $80.65 | $80.80 | $132,741,000 | $132,987,508 | +$246,508 | +0.19% |
| Kinder Morgan Inc. (KMI) | Equity | -35.21% | 1,071,665 | 0.80% | $29.40 | $26.79 | $31,507,000 | $28,704,547 | -$2,802,453 | -8.89% |
| Purecycle Technologies Inc. (PCT) | Equity | -31.55% | 2,303,084 | 0.81% | $13.70 | $13.46 | $31,552,000 | $30,999,511 | -$552,489 | -1.75% |
| Viking Therapeutics Inc. (VKTX) | Equity | +100% | 549,295 | 0.37% | $26.50 | N/A | $14,556,000 | N/A | N/A | N/A |
| Banco Macro S.A. (BMA) | Equity | -48.84% | 220,900 | 0.40% | $70.21 | $44.38 | $15,509,000 | $9,803,542 | -$5,705,458 | -36.79% |
| The Chemours Company (CC) | Equity | +100% | 421,800 | 0.12% | $11.45 | N/A | $4,830,000 | N/A | N/A | N/A |
| Docusign Inc. (DOCU) | Equity | +20.08% | 1,290,440 | 2.57% | $77.89 | $79.80 | $100,512,000 | $102,970,660 | +$2,458,660 | +2.45% |
| Grupo Financiero Galicia S.A. (GGAL) | Equity | -39.32% | 231,481 | 0.30% | $50.39 | $30.34 | $11,664,000 | $7,023,597 | -$4,640,403 | -39.78% |
| Joby Aviation Inc. (JOBY) | Equity | 0% | 31,489 | 0.01% | $10.54 | $13.48 | $332,000 | $424,314 | +$92,314 | +27.81% |
| Microsoft Corp. (MSFT) | Equity | +100% | 200,930 | 2.55% | $497.41 | $498.50 | $99,945,000 | $100,163,605 | +$218,605 | +0.22% |
| Newamsterdam Pharma Company N.V. (NAMS) | Equity | +3.98% | 832,175 | 0.39% | $18.11 | $26.07 | $15,071,000 | $21,694,802 | +$6,623,802 | +43.95% |
| Twilio Inc. (TWLO) | Equity | -44.64% | 200,475 | 0.64% | $124.36 | $107.63 | $24,931,000 | $21,577,124 | -$3,353,876 | -13.45% |
| Bbb Foods Inc. | Equity | +100% | 360,550 | 0.26% | $27.76 | N/A | $10,009,000 | N/A | N/A | N/A |
| Coherent Corp. (COHR) | Equity | -47.89% | 1,157,840 | 2.64% | $89.21 | $98.03 | $103,291,000 | $113,505,371 | +$10,214,371 | +9.89% |
| Enliven Therapeutics Inc. (ELVN) | Equity | +100% | 463,000 | 0.24% | $20.06 | $20.03 | $9,288,000 | $9,273,890 | -$14,110 | -0.15% |
| Insmed Inc. (INSM) | Equity | +64.60% | 2,253,435 | 5.79% | $100.64 | $148.64 | $226,786,000 | $334,950,578 | +$108,164,578 | +47.69% |
| Philip Morris International Inc. (PM) | Equity | -26.17% | 815,975 | 3.80% | $182.13 | $164.61 | $148,614,000 | $134,317,645 | -$14,296,355 | -9.62% |
| Verona Pharma PLC (VRNA) | Equity | 0% | 1,002,080 | 2.42% | $94.58 | $106.34 | $94,777,000 | $106,562,189 | +$11,785,189 | +12.43% |