Stanley Druckenmiller’s Duquesne Family Office initiated a position in Goldman Sachs (GS) and exited Meta Platforms (META) in Q4.
The single-family office bought ~28K shares of common stock in the investment bank, and sold ~76K class A shares of the tech giant, its latest 13F filing showed.
The fund invests across public equities, credit, and venture capital, often in technology and life sciences.
During the quarter ended December 31, 2025, the legendary investor’s Duquesne started a position in Alcoa (AA) with the acquisition of ~1.4M shares of common stock, Delta Air Lines (DAL) with the purchase of ~651K shares, American Airlines Group (AAL) with the purchase of ~640K shares, and Philip Morris International (PM) with ~67K shares as part of its significant trades.
On the other side, the New York-based fund closed its position in Bank of America (BAC), Citigroup (C), and Twilio (TWLO).
Notable new stake additions included ADMA Biologics (ADMA) (~252K shares), Almonty Industries (ALM) (~470K shares), Lattice Semiconductor (LSCC) (~926K shares), Entegris (ENTG) (~844K shares), STMicroelectronics (STM) (~774K shares), Bloom Energy (BE) (~741K class A shares), ON Semiconductor (ON) (~536K shares), United Airlines Holdings (UAL) (~348K shares), Zillow Group (Z) (~193K class C shares), Wolfspeed (WOLF) (~187K shares), Southern Copper (SCCO) (~121K shares), RH (RH) (~88K shares), DoorDash (DASH) (~36K class A shares), Argan (AGX) (30K shares).
Notable exits included PG&E (PCG), Nu Holdings (NU), EQT (EQT), Lennar (LEN), Synchrony Financial (SYF), Vistra (VST), D.R. Horton (DHI), Arm Holdings (ARM), Sandisk (SNDK), Genuine Parts Company (GPC), DICK’S Sporting Goods (DKS), Seagate Technology (STX), GE Vernova (GEV), Capital One Financial (COF).
Furthermore, Duquesne raised its stake in in Amazon.com (AMZN) to ~738K shares from ~437K shares, in Alphabet (GOOGL) to ~385K shares from ~102K shares, and in Chipotle Mexican Grill (CMG) to ~392K shares from ~233K shares, among other trades.
The New York fund reduced its position in Cleveland-Cliffs (CLF) to ~1.8M shares from ~2.7M shares, in DocuSign (DOCU) to ~1M shares from ~1.7M shares, in Roku (ROKU) to ~583K shares from ~822K class A shares, and in MercadoLibre (MELI) to ~47K shares from ~58K shares.