D
Duquesne Family Office
Q2 2025 · CIK 0001536411
Portfolio — Q2 2025
Reported Book
$4.1B
13F value · +33% QoQ
Positions
69
+17 vs Q1 2025
Top 10
50.5%
of reported book
In Dimetrics Coverage
12.3%
of reported book
Reported book is the value of 13F-reportable US positions as filed — not the manager's total assets under management, which include cash, debt, non-US and private holdings.
Book structure
Long 96.1%
Long $3.9B· 65 lines
Calls $157.3M· 4 lines
Reported book structure — not net exposure. 13F reports options at the notional value of the underlying, with no strike, expiry, or premium. Delta is unknowable. This describes what was filed.
Reported book by group
PutsLongCallsNotes
Lithography & Fab Tools
4.3%
$173.3M
Photonics
2.5%
$103.3M
Hyperscalers
2.5%
$99.9M
Appalachian Gas Molecules
1.8%
$73.1M
Storage
0.7%
$28.5M
Custom Silicon
0.6%
$23.7M
Filed value by group, split by line type. Option lines are shown at the notional value of the underlying — a put bar is not exposure to that group, it is a position filed against it.
Holdings — 69 positions
| Ticker | Security | Line | Value | Weight | Group | Coverage |
|---|---|---|---|---|---|---|
| NTRA | Natera Inc | Long | $521.2M | 12.80% | — | Outside |
| TEVA | Teva Pharmaceutical Inds Ltd | Long | $267.6M | 6.57% | — | Outside |
| INSM | Insmed Inc | Long | $226.8M | 5.57% | — | Outside |
| WWD | Woodward Inc | Long | $208.1M | 5.11% | — | Outside |
| TSM | Taiwan Semiconductor Mfg Ltd | Long | $173.3M | 4.26% | Lithography & Fab Tools | Covered |
| PM | Philip Morris Intl Inc | Long | $148.6M | 3.65% | — | Outside |
| MELI | Mercadolibre Inc | Long | $140.4M | 3.45% | — | Outside |
| ENTG | Entegris Inc | Long | $132.7M | 3.26% | — | Outside |
| CPNG | Coupang Inc | Long | $123.0M | 3.02% | — | Outside |
| FLUT | Flutter Entmt Plc | Long | $115.8M | 2.84% | — | Outside |
| COHR | Coherent Corp | Long | $103.3M | 2.54% | Photonics | Covered |
| DOCU | Docusign Inc | Long | $100.5M | 2.47% | — | Outside |
| MSFT | Microsoft Corp | Long | $99.9M | 2.45% | Hyperscalers | Covered |
| ROKU | Roku Inc | Long | $96.7M | 2.38% | — | Outside |
| — | Verona Pharma Plc | Long | $94.8M | 2.33% | — | Outside |
| LLY | Eli Lilly & Co | Long | $78.5M | 1.93% | — | Outside |
| WBD | Warner Bros Discovery Inc | Long | $74.9M | 1.84% | — | Outside |
| EQT | Eqt Corp | Long | $73.1M | 1.79% | Appalachian Gas Molecules | Covered |
| IWM | Ishares Tr | Call | $72.3M | 1.78% | — | Outside |
| C | Citigroup Inc | Long | $56.7M | 1.39% | — | Outside |
| SPY | Spdr S&P 500 Etf Tr | Call | $55.6M | 1.37% | — | Outside |
| XLF | Select Sector Spdr Tr | Long | $51.6M | 1.27% | — | Outside |
| QSR | Restaurant Brands Intl Inc | Long | $49.8M | 1.22% | — | Outside |
| SE | Sea Ltd | Long | $49.5M | 1.22% | — | Outside |
| NU | Nu Hldgs Ltd | Long | $46.9M | 1.15% | — | Outside |
| DAKT | Daktronics Inc | Long | $46.5M | 1.14% | — | Outside |
| U | Unity Software Inc | Long | $42.9M | 1.05% | — | Outside |
| CZR | Caesars Entertainment Inc Ne | Long | $39.6M | 0.97% | — | Outside |
| DAL | Delta Air Lines Inc Del | Long | $39.0M | 0.96% | — | Outside |
| WAB | Wabtec | Long | $35.7M | 0.88% | — | Outside |
| CRS | Carpenter Technology Corp | Long | $35.0M | 0.86% | — | Outside |
| GLW | Corning Inc | Long | $32.8M | 0.80% | — | Outside |
| PCT | Purecycle Technologies Inc | Long | $31.6M | 0.77% | — | Outside |
| KMI | Kinder Morgan Inc Del | Long | $31.5M | 0.77% | — | Outside |
| APP | Applovin Corp | Long | $31.3M | 0.77% | — | Outside |
| UAL | United Airls Hldgs Inc | Long | $30.0M | 0.74% | — | Outside |
| GS | Goldman Sachs Group Inc | Long | $29.7M | 0.73% | — | Outside |
| BCS | Barclays Plc | Long | $28.8M | 0.71% | — | Outside |
| ILMN | Illumina Inc | Long | $28.7M | 0.70% | — | Outside |
| STX | Seagate Technology Hldngs Pl | Long | $28.5M | 0.70% | Storage | Covered |
| TWLO | Twilio Inc | Long | $24.9M | 0.61% | — | Outside |
| AVGO | Broadcom Inc | Long | $23.7M | 0.58% | Custom Silicon | Covered |
| ARGT | Global X Fds | Long | $22.7M | 0.56% | — | Outside |
| YPF | Ypf Sociedad Anonima | Long | $22.1M | 0.54% | — | Outside |
| EWZ | Ishares Inc | Long | $21.3M | 0.52% | — | Outside |
| HAS | Hasbro Inc | Long | $20.8M | 0.51% | — | Outside |
| OPCH | Option Care Health Inc | Long | $20.7M | 0.51% | — | Outside |
| XPO | Xpo Inc | Long | $20.6M | 0.51% | — | Outside |
| NTRA | Natera Inc | Call | $19.3M | 0.48% | — | Outside |
| BAC | Bank America Corp | Long | $16.2M | 0.40% | — | Outside |
| CHYM | Chime Finl Inc | Long | $16.1M | 0.40% | — | Outside |
| BMA | Banco Macro Sa | Long | $15.5M | 0.38% | — | Outside |
| NAMS | Newamsterdam Pharma Company | Long | $15.1M | 0.37% | — | Outside |
| VKTX | Viking Therapeutics Inc | Long | $14.6M | 0.36% | — | Outside |
| GGAL | Grupo Financiero Galicia S.A | Long | $11.7M | 0.29% | — | Outside |
| BWXT | Bwx Technologies Inc | Long | $11.0M | 0.27% | — | Outside |
| INSM | Insmed Inc | Call | $10.1M | 0.25% | — | Outside |
| TBBB | Bbb Foods Inc | Long | $10.0M | 0.25% | — | Outside |
| DHI | D R Horton Inc | Long | $10.0M | 0.25% | — | Outside |
| LEN | Lennar Corp | Long | $9.9M | 0.24% | — | Outside |
| BLDR | Builders Firstsource Inc | Long | $9.9M | 0.24% | — | Outside |
| FCX | Freeport-Mcmoran Inc | Long | $9.7M | 0.24% | — | Outside |
| CCC | Ccc Intelligent Solutions Hl | Long | $9.5M | 0.23% | — | Outside |
| ELVN | Enliven Therapeutics Inc | Long | $9.3M | 0.23% | — | Outside |
| ESLT | Elbit Sys Ltd | Long | $8.2M | 0.20% | — | Outside |
| TMO | Thermo Fisher Scientific Inc | Long | $4.9M | 0.12% | — | Outside |
| DHR | Danaher Corporation | Long | $4.9M | 0.12% | — | Outside |
| CC | Chemours Co | Long | $4.8M | 0.12% | — | Outside |
| JOBY | Joby Aviation Inc | Long | $332.0K | 0.01% | — | Outside |
Shares and value as filed. Positions held with shared investment discretion are reported in full by each manager, so a filer's book can overlap another's.