SEC 13F Intelligence

Managers / Q4 2025 · view latest →

Duquesne Family Office LLC

CIK 0001536411 · Part of the Duquesne family · 40 WEST 57TH STREET, 25TH FLOOR, NEW YORK, NY, 10019 · (212) 830-6500

Reported Value
$4.5B
Q4 2025
Positions
62
Filings on Record
32
2019–present window
Filed
Feb 17, 2026
original filing

Summary

Duquesne Family Office LLC reported $4.5B in U.S.-listed holdings across 62 positions for Q4 2025.

Its largest position, NTRA, represents 12.8% of the portfolio.

Compared with Q3 2025, the fund opened 26 new positions and exited 30.

Portfolio Metrics

Turnover
+34.8%
vs prior filed quarter
Top-10 Concentration
+52.0%
share of reported value
Largest Position
+12.8%
Natera
New / Exited
26 / 30
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $1.7BQ4 ’18Q1 ’19: $3.4BQ2 ’19: $3.4BQ3 ’19: $2.6BQ4 ’19: $3.4BQ4 ’19Q1 ’20: $2.5BQ2 ’20: $3.3BQ3 ’20: $3.4BQ4 ’20: $3.7BQ4 ’20Q1 ’21: $4.5BQ2 ’21: $4.0BQ3 ’21: $3.1BQ4 ’21: $2.8BQ4 ’21Q1 ’22: $2.3BQ2 ’22: $1.4BQ3 ’22: $1.8BQ4 ’22: $2.0BQ4 ’22Q1 ’23: $2.3BQ2 ’23: $2.9BQ3 ’23: $2.8BQ4 ’23: $3.4BQ4 ’23Q1 ’24: $4.4BQ2 ’24: $2.9BQ3 ’24: $3.0BQ4 ’24: $3.7BQ4 ’24Q1 ’25: $3.1BQ2 ’25: $4.1BQ3 ’25: $4.1BQ4 ’25: $4.5BQ4 ’25Q1 ’26: $3.4Bfilingsflow.com

Portfolio Composition

By security type
Common Stock: 65.7%ETP: 20.9%ADR: 10.9%Other: 2.0%NY Reg Shrs: 0.4%
  • Common Stock · 65.7% · $3.0B
  • ETP · 20.9% · $939M
  • ADR · 10.9% · $491M
  • Other · 2.0% · $89M
  • NY Reg Shrs · 0.4% · $20M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
XLFSelect Sector Spdr TrNEW+5.50M5.50M+$301M$301M
EWZIshares IncNEW+7.78M7.78M+$247M$247M
RSPInvesco Exchange Traded Fd TNEW+1.17M1.17M+$225M$225M
AAAlcoa CorpNEW+1.38M1.38M+$73M$73M
ENTGEntegris IncNEW+844.2K844.2K+$71M$71M
LSCCLattice Semiconductor CorpNEW+926.0K926.0K+$68M$68M
BEBloom Energy CorpNEW+740.5K740.5K+$64M$64M
DALDelta Air Lines Inc DelNEW+650.9K650.9K+$45M$45M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2025

58 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1NTRANatera Inchistory →COM12.80%$575M2.51M
2XLFSelect Sector Spdr Trhistory →STATE STREET FIN6.70%$301M5.50M
3INSMInsmed Inchistory →COM PAR $.015.74%$258M1.48M
4RSPInvesco Exchange Traded Fd Thistory →S&P500 EQL WGT5.00%$225M1.17M
5TEVATeva Pharmaceutical Inds Ltdhistory →SPONSORED ADS4.08%$183M5.87M
6WWDWoodward Inchistory →COM3.97%$179M590.9K
7AMZNAmazon Com Inchistory →COM3.79%$170M737.9K
8TSMTaiwan Semiconductor Mfg Ltdhistory →SPONSORED ADS3.67%$165M543.1K
9CPNGCoupang Inchistory →CL A3.55%$160M6.77M
10GOOGLAlphabet Inchistory →CAP STK CL A2.68%$121M385.0K
11SESea Ltdhistory →SPONSORD ADS2.68%$120M944.1K
12EWZIshares Inchistory →MSCI BRAZIL ETF2.51%$113M3.55M
13NAMSNewamsterdam Pharma Companyhistory →ORDINARY SHARES2.40%$108M3.07M
14MELIMercadolibre Inchistory →COM2.11%$95M47.1K
15Bbb Foods IncCL A COM1.99%$89M2.68M
16QSRRestaurant Brands Intl Inchistory →COM1.84%$82M1.21M
17COGTCogent Biosciences Inchistory →COM1.75%$79M2.21M
18AAAlcoa Corphistory →COM1.63%$73M1.38M
19ENTGEntegris Inchistory →COM1.58%$71M844.2K
20DOCUDocusign Inchistory →COM1.55%$70M1.02M
21LSCCLattice Semiconductor Corphistory →COM1.52%$68M926.0K
22BEBloom Energy Corphistory →COM CL A1.43%$64M740.5K
23WABWabtechistory →COM1.43%$64M300.1K
24ROKURoku Inchistory →COM CL A1.41%$63M583.0K
25FIGRFigure Technology Solutiohistory →COM CL A1.40%$63M1.54M
26CRHCrh Plchistory →ORD1.32%$59M475.0K
27OPCHOption Care Health Inchistory →COM NEW1.24%$56M1.75M
28EEMIshares Trhistory →MSCI EMG MKT ETF1.10%$49M902.5K
29DALDelta Air Lines Inc Delhistory →COM NEW1.01%$45M650.9K
30UALUnited Airls Hldgs Inchistory →COM0.87%$39M348.4K
31STUBStubhub Hldgs Inchistory →CL A0.69%$31M2.31M
32ONOn Semiconductor Corphistory →COM0.65%$29M536.3K
33FLUTFlutter Entmt Plchistory →SHS0.55%$25M115.2K
34PCTPurecycle Technologies Inchistory →COM0.55%$25M2.88M
35AEVAAeva Technologies Inchistory →COM NEW0.54%$24M1.82M
36GSGoldman Sachs Group Inchistory →COM0.54%$24M27.5K
37CLFCleveland-Cliffs Inc Newhistory →COM0.52%$23M1.75M
38YPFYpf Sociedad Anonimahistory →SPON ADR CL D0.49%$22M607.0K
39STMStmicroelectronics N Vhistory →NY REGISTRY0.45%$20M773.6K
40UUnity Software Inchistory →COM0.40%$18M410.0K
41SCCOSouthern Copper Corphistory →COM0.39%$17M120.8K
42DAKTDaktronics Inchistory →COM0.38%$17M853.0K
43RHRhhistory →COM0.35%$16M88.2K
44CMGChipotle Mexican Grill Inchistory →COM0.32%$15M391.9K
45PTGXProtagonist Therapeutics Inchistory →COM0.31%$14M159.7K
46ZZillow Group Inchistory →CL C CAP STK0.29%$13M192.6K
47CDTXCidara Therapeutics Inchistory →COM NEW0.24%$11M49.5K
48PMPhilip Morris Intl Inchistory →COM0.24%$11M67.4K
49AALAmerican Airls Group Inchistory →COM0.22%$10M639.8K
50AGXArgan Inchistory →COM0.21%$9M30.0K
51DASHDoordash Inchistory →CL A0.18%$8M35.9K
52PGNYProgyny Inchistory →COM0.17%$8M295.1K
53ECHOEchostar Corphistory →CL A0.15%$7M60.8K
54ADMAAdma Biologics Inchistory →COM0.10%$5M252.2K
55ALMAlmonty Inds Inchistory →COM NEW0.09%$4M469.9K
56WOLFWolfspeed Inchistory →COMMON STOCK0.07%$3M186.9K
57WVEWave Life Sciences Ltdhistory →SHS0.07%$3M173.0K
58NPNeptune Ins Hldgs Inchistory →CL A0.01%$583,00020.0K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$3.4B70May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$4.5B62Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$4.1B65Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$4.1B69Aug 15, 202513F-HRchanges · EDGAR ↗
Q1 2025$3.1B52May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$3.7B78Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$3.0B75Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$2.9B64Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$4.4B73May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$3.4B51Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$2.8B41Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$2.9B53Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$2.3B48May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$2.0B58Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$1.8B65Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$1.4B43Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$2.3B51May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$2.8B49Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$3.1B49Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021REVEALED$4.0B52Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021REVEALED$4.5B64May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020$3.7B56Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$3.4B61Nov 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$3.3B72Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$2.5B46May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$3.4B62Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$2.6B43Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$3.4B61Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$3.4B61May 15, 201913F-HRchanges · EDGAR ↗
Q4 2018$1.7B31Feb 14, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.