Investor: Stanley Druckenmiller
Number of Assets: 65
Reporting Period: Q3 - 2025
Holdings at Report: $4,062,007,000
Return Since Report: +$579,334,958
Return Since Report: +14.26%
Company | Position | Activity | Shares | Port. % | Rep. Price | Curr. Price | Rep. Value | Curr. Value | Return Value | Return % |
|---|---|---|---|---|---|---|---|---|---|---|
| Capital One Financial Corp. (COF) | Equity | +100% | 43,920 | 0.24% | $212.59 | $237.02 | $9,337,000 | $10,409,787 | +$1,072,787 | +11.49% |
| D.R. Horton Inc. (DHI) | Equity | +165.05% | 205,150 | 0.88% | $169.47 | $156.05 | $34,767,000 | $32,013,658 | -$2,753,343 | -7.92% |
| Echostar Corp. (SATS) | Equity | +100% | 60,765 | 0.12% | $76.36 | $106.77 | $4,640,000 | $6,487,575 | +$1,847,575 | +39.82% |
| GE Vernova Inc. (GEV) | Equity | +100% | 77,320 | 1.21% | $614.90 | $676.52 | $47,544,000 | $52,308,526 | +$4,764,526 | +10.02% |
| Ishares MSCI Emerging Markets ETF (EEM) | Equity | +100% | 1,900,000 | 2.58% | $53.40 | N/A | $101,460,000 | N/A | N/A | N/A |
| Mercadolibre Inc. (MELI) | Equity | +8.60% | 58,344 | 3.47% | $2,336.93 | $2,019.14 | $136,346,000 | $117,804,412 | -$18,541,588 | -13.60% |
| Restaurant Brands International Inc. (QSR) | Equity | +50.65% | 1,131,365 | 1.85% | $64.14 | $70.75 | $72,566,000 | $80,044,074 | +$7,478,074 | +10.31% |
| SPDR S&P 500 ETF Trust (SPY) | Call | +100% | 90,000 | N/A | $666.18 | N/A | $59,956,000 | N/A | N/A | N/A |
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | Equity | 0% | 765,085 | 5.44% | $279.29 | $294.28 | $213,681,000 | $225,149,214 | +$11,468,214 | +5.37% |
| Woodward Inc. (WWD) | Equity | -25.43% | 633,015 | 4.07% | $252.71 | $297.86 | $159,969,000 | $188,549,848 | +$28,580,848 | +17.87% |
| Carpenter Technology Corp. (CRS) | Equity | +73.76% | 220,035 | 1.37% | $245.54 | $321.28 | $54,027,000 | $70,692,845 | +$16,665,845 | +30.85% |
| Enliven Therapeutics Inc. (ELVN) | Equity | +104.62% | 947,405 | 0.49% | $20.47 | $17.13 | $19,393,000 | $16,229,048 | -$3,163,952 | -16.31% |
| Genuine Parts Company (GPC) | Equity | +100% | 144,185 | 0.51% | $138.60 | $132.47 | $19,984,000 | $19,100,331 | -$883,669 | -4.42% |
| Meta Platforms Inc. (META) | Equity | +100% | 76,100 | 1.42% | $734.38 | $646.63 | $55,886,000 | $49,208,543 | -$6,677,457 | -11.95% |
| Newamsterdam Pharma Company N.V. (NAMS) | Equity | +131.17% | 1,923,700 | 1.39% | $28.44 | $36.77 | $54,710,000 | $70,734,449 | +$16,024,449 | +29.29% |
| Post Holdings Inc. (POST) | Equity | +100% | 176,400 | 0.48% | $107.48 | N/A | $18,959,000 | N/A | N/A | N/A |
| Teva Pharmaceutical Industries Limited (TEVA) | Equity | +3.91% | 16,593,935 | 8.53% | $20.20 | $29.82 | $335,197,000 | $494,748,172 | +$159,551,172 | +47.60% |
| Verona Pharma PLC (VRNA) | Equity | 0% | 1,002,080 | 2.72% | $106.71 | $106.91 | $106,932,000 | $107,132,373 | +$200,373 | +0.19% |
| Bank Of America Corp. (BAC) | Equity | +189.34% | 989,250 | 1.30% | $51.59 | $55.00 | $51,035,000 | $54,403,804 | +$3,368,804 | +6.60% |
| Dick'S Sporting Goods Inc. (DKS) | Equity | +100% | 132,425 | 0.75% | $222.22 | $213.30 | $29,427,000 | $28,246,253 | -$1,180,747 | -4.01% |
| Global X MSCI Argentina ETF (ARGT) | Equity | -5.10% | 254,045 | 0.45% | $69.76 | $90.50 | $17,722,000 | $22,991,073 | +$5,269,073 | +29.73% |
| Lennar Corp. (LEN) | Equity | +210.82% | 279,424 | 0.90% | $126.04 | $118.42 | $35,219,000 | $33,089,390 | -$2,129,610 | -6.05% |
| Protagonist Therapeutics Inc. (PTGX) | Equity | +100% | 159,700 | 0.27% | $66.43 | $93.95 | $10,609,000 | $15,003,017 | +$4,394,017 | +41.42% |
| Stubhub Hldgs INC | Equity | +100% | 4,259,516 | 1.82% | $16.84 | N/A | $71,730,000 | N/A | N/A | N/A |
| Texas Roadhouse Inc. (TXRH) | Equity | +100% | 29,800 | 0.13% | $166.14 | N/A | $4,951,000 | N/A | N/A | N/A |
| CRH PLC (CRH) | Equity | +100% | 393,820 | 1.20% | $119.90 | $125.89 | $47,219,000 | $49,578,000 | +$2,359,000 | +5.00% |
| Docusign Inc. (DOCU) | Equity | +30.65% | 1,685,950 | 3.09% | $72.09 | $70.45 | $121,540,000 | $118,775,178 | -$2,764,822 | -2.27% |
| Flutter Entertainment PLC (FLUT) | Equity | -71.57% | 115,245 | 0.74% | $254.00 | $223.40 | $29,272,000 | $25,745,733 | -$3,526,267 | -12.05% |
| Formula One Group (FWONK) | Equity | +100% | 288,400 | 0.77% | $104.45 | $93.83 | $30,123,000 | $27,060,572 | -$3,062,428 | -10.17% |
| Purecycle Technologies Inc. (PCT) | Equity | 0% | 2,303,084 | 0.77% | $13.15 | $8.98 | $30,286,000 | $20,681,694 | -$9,604,306 | -31.71% |
| Sea Limited (SE) | Equity | -11.47% | 274,200 | 1.25% | $178.73 | $123.98 | $49,008,000 | $33,995,316 | -$15,012,684 | -30.63% |
| Synchrony Financial (SYF) | Equity | +100% | 261,825 | 0.47% | $71.05 | $83.54 | $18,603,000 | $21,872,861 | +$3,269,860 | +17.58% |
| BBB Foods Inc. (TBBB) | Equity | +228.14% | 1,183,125 | 0.81% | $26.96 | $32.94 | $31,897,000 | $38,972,138 | +$7,075,137 | +22.18% |
| Citigroup Inc. (C) | Equity | -22.73% | 514,850 | 1.33% | $101.50 | $111.70 | $52,257,000 | $57,509,775 | +$5,252,775 | +10.05% |
| Aeva Technologies Inc. (AEVA) | Equity | +100% | 1,839,314 | 0.68% | $14.50 | N/A | $26,670,000 | N/A | N/A | N/A |
| Insmed Inc. (INSM) | Equity | +7.54% | 2,423,435 | 8.88% | $144.01 | $195.70 | $348,999,000 | $474,254,112 | +$125,255,112 | +35.89% |
| Option Care Health Inc. (OPCH) | Equity | +53.52% | 977,685 | 0.69% | $27.76 | $26.95 | $27,141,000 | $26,348,611 | -$792,389 | -2.92% |
| Solaris Energy Infras inc (SOI) | Equity | +100% | 145,600 | 0.15% | $39.97 | N/A | $5,820,000 | N/A | N/A | N/A |
| Twilio Inc. (TWLO) | Equity | +155.79% | 512,800 | 1.31% | $100.09 | $132.99 | $51,326,000 | $68,197,272 | +$16,871,272 | +32.87% |
| Westinghouse Air Brake Technologies Corp. (WAB) | Equity | +77.36% | 302,410 | 1.54% | $200.47 | $214.94 | $60,624,000 | $64,998,493 | +$4,374,493 | +7.22% |
| Amazon.com Inc. (AMZN) | Equity | +100% | 437,070 | 2.44% | $219.57 | $226.83 | $95,967,000 | $99,140,588 | +$3,173,588 | +3.31% |
| Cleveland-Cliffs Inc. (CLF) | Equity | +100% | 2,715,035 | 0.84% | $12.20 | N/A | $33,123,000 | N/A | N/A | N/A |
| Seagate Technology Holdings PLC (STX) | Equity | -56.50% | 85,900 | 0.52% | $236.07 | $287.48 | $20,278,000 | $24,694,532 | +$4,416,532 | +21.78% |
| Arm Holdings PLC (ARM) | Equity | +100% | 167,900 | 0.60% | $141.49 | $131.52 | $23,756,000 | $22,082,208 | -$1,673,792 | -7.05% |
| Daktronics Inc. (DAKT) | Equity | -53.29% | 1,436,936 | 0.76% | $20.92 | $19.26 | $30,061,000 | $27,668,203 | -$2,392,797 | -7.96% |
| Ishares Russell 2000 ETF (IWM) | Call | +100% | 226,000 | N/A | $241.96 | N/A | $54,683,000 | N/A | N/A | N/A |
| Roku Inc. (ROKU) | Equity | -25.27% | 822,435 | 2.09% | $100.13 | $108.43 | $82,350,000 | $89,176,627 | +$6,826,627 | +8.29% |
| Semtech Corp. (SMTC) | Equity | +100% | 301,515 | 0.55% | $71.45 | $74.07 | $21,543,000 | $22,333,216 | +$790,216 | +3.67% |
| SPDR S&P Bank ETF (KBE) | Equity | +100% | 482,095 | 0.73% | $59.42 | N/A | $28,646,000 | N/A | N/A | N/A |
| YPF Sociedad Anónima (YPF) | Equity | -83.71% | 114,695 | 0.07% | $24.29 | $34.98 | $2,786,000 | $4,011,916 | +$1,225,916 | +44.00% |
| Alphabet Inc. (GOOGL) | Equity | +100% | 102,200 | 0.63% | $243.10 | $309.47 | $24,845,000 | $31,627,834 | +$6,782,834 | +27.30% |
| Natera Inc. (NTRA) | Call | +100% | 100,000 | N/A | $160.97 | N/A | $16,097,000 | N/A | N/A | N/A |
| PG&E Corp. (PCG) | Equity | +100% | 1,649,300 | 0.63% | $15.08 | $15.25 | $24,871,000 | $25,143,579 | +$272,579 | +1.10% |
| Unity Software Inc. (U) | Equity | -50.26% | 882,500 | 0.90% | $40.04 | $46.87 | $35,335,000 | $41,362,775 | +$6,027,775 | +17.06% |
| Chipotle Mexican Grill Inc. (CMG) | Equity | +100% | 233,205 | 0.23% | $39.19 | $36.23 | $9,139,000 | $8,447,851 | -$691,149 | -7.56% |
| Coupang Inc. (CPNG) | Equity | +12.85% | 4,633,124 | 3.79% | $32.20 | $25.58 | $149,187,000 | $118,501,413 | -$30,685,587 | -20.57% |
| Figure Technology Solutio | Equity | +100% | 2,116,825 | 1.96% | $36.37 | N/A | $76,989,000 | N/A | N/A | N/A |
| Natera Inc. (NTRA) | Equity | +4.19% | 3,214,532 | 13.16% | $160.97 | $229.76 | $517,443,000 | $738,570,872 | +$221,127,872 | +42.73% |
| Sandisk corp | Equity | +100% | 166,235 | 0.47% | $112.20 | $0.00 | $18,652,000 | $0 | -$18,652,000 | -100% |
| Chime Financial Inc. (CHYM) | Equity | -90.74% | 43,230 | 0.02% | $20.17 | $26.24 | $872,000 | $1,134,355 | +$262,355 | +30.09% |
| Cogent Biosciences Inc. (COGT) | Equity | +100% | 1,059,580 | 0.39% | $14.36 | $41.66 | $15,216,000 | $44,142,103 | +$28,926,103 | +190.10% |
| EQT Corp. (EQT) | Equity | -28.56% | 894,950 | 1.24% | $54.43 | $55.57 | $48,712,000 | $49,732,372 | +$1,020,371 | +2.09% |
| Mongodb Inc. (MDB) | Equity | +100% | 17,710 | 0.14% | $310.39 | $417.13 | $5,497,000 | $7,387,284 | +$1,890,284 | +34.39% |
| Nu Holdings Ltd. (NU) | Equity | -57.42% | 1,454,180 | 0.59% | $16.01 | $17.00 | $23,281,000 | $24,713,789 | +$1,432,789 | +6.15% |
| Vistra Corp. (VST) | Equity | +100% | 233,985 | 1.17% | $195.92 | $171.15 | $45,842,000 | $40,046,299 | -$5,795,701 | -12.64% |