Duquesne Family Office, led by renowned investor Stanley Druckenmiller (Trades, Portfolio), reported its third-quarter portfolio holdings. The total market value of the holdings was $2.95 billion, a slight increase from the previous quarter's $2.92 billion. The portfolio saw the addition of 33 new stocks, increased positions in 11, reduced positions in 20, and fully exited 22 stocks. The top ten holdings accounted for 62.64% of the total market value.
Among the top holdings, Natera (NTRA, Financial) was the largest, with 3.57 million shares valued at approximately $453 million, comprising 15.34% of the portfolio, an 80.61% increase from the previous quarter. Coupang (CPNG) was the second-largest, with 11.7 million shares valued at around $287 million, representing 9.73% of the portfolio, and a 6.61% increase in shares.
Coherent (COHR) was third, holding 2.98 million shares valued at roughly $265 million, making up 8.97% of the portfolio, despite a 17.02% decrease in shares compared to last quarter. Woodward (WWD) and Seagate Technology (STX) were fourth and fifth, with holdings valued at $181 million and $180 million, respectively, reflecting a 10.84% increase and a 6.55% decrease in shares.
New additions in the quarter included the SPDR S&P Regional Banking ETF (KRE), Teva Pharmaceutical (TEVA), and Verona Pharma (VRNA), along with regional banks like Huntington Bancshares (HBAN), First Horizon (FHN), and KeyCorp (KEY). The firm also liquidated positions in News Corporation's Class A (NWSA) and B (NWS) stocks, and Liberty Global's Class A (LBTYA) and C (LBTYK) stocks.
Significant changes in share volume included Natera (NTRA, Financial) increasing from 1.97 million to 3.57 million shares, TeraWulf (WULF) from 2.09 million to 2.94 million shares, while Kinder Morgan (KMI) decreased from 6.75 million to 2.61 million shares, and ZoomInfo Technologies (ZI) from 5.88 million to 2.14 million shares.
The top five additions by portfolio proportion were Natera, SPDR S&P Regional Banking ETF, Coupang, Philip Morris (PM), and Broadcom (AVGO). The top five reductions included Vistra Energy (VST), Microsoft (MSFT), Kinder Morgan, MAA Real Estate Investment Trust (MAA), and ZoomInfo Technologies.
