2026년 2월 18일 · Unknown · financial · 출처 Yahoo Finance
This article first appeared on GuruFocus.
Insights from the Fourth Quarter 2025 13F Filing
Stanley Druckenmiller (Trades, Portfolio) recently submitted his 13F filing for the fourth quarter of 2025, revealing strategic investment decisions that reflect his seasoned expertise. Born in 1953 in Pittsburgh, Pennsylvania, Druckenmiller is the President, CEO, and Chairman of Duquesne Capital, which he founded in 1981 and later transformed into a family office in 2010. Known for his tenure as the lead portfolio manager for George Soros (Trades, Portfolio)' Quantum Fund from 1988 to 2000, Druckenmiller gained fame for shorting the British Pound in 1992. His investment approach, heavily influenced by Soros, employs a top-down strategy that integrates long and short positions across various asset classes, including stocks, bonds, currencies, and futures.
Warning! GuruFocus has detected 3 Warning Signs with NTRA. Is NTRA fairly valued? Test your thesis with our free DCF calculator.Stanley Druckenmiller's Strategic Moves: A Closer Look at State Street Financial Select Sector SPDR ETF
Summary of New Buy
Stanley Druckenmiller (Trades, Portfolio) added a total of 26 stocks to his portfolio, with the most significant addition being the State Street Financial Select Sector SPDR ETF (XLF). This purchase involved 5,495,600 shares, accounting for 6.7% of the portfolio and valued at $300,990,000. The second largest addition was the Invesco S&P 500 Equal Weight ETF (RSP), comprising 1,173,925 shares, representing approximately 5% of the portfolio, with a total value of $224,880,000. The third largest addition was the iShares MSCI Brazil ETF (EWZ), with 3,552,575 shares, accounting for 2.51% of the portfolio and valued at $112,870,000.
Key Position Increases
Stanley Druckenmiller (Trades, Portfolio) also increased his stakes in 13 stocks. The most notable increase was in Alphabet Inc (NASDAQ:GOOGL), with an additional 282,800 shares, bringing the total to 385,000 shares. This adjustment represents a significant 276.71% increase in share count, impacting 1.97% of the current portfolio, with a total value of $120,510,000. The second largest increase was in Sea Ltd (NYSE:SE), with an additional 669,920 shares, bringing the total to 944,120. This adjustment represents a 244.32% increase in share count, with a total value of $120,440,000.
Summary of Sold Out
Stanley Druckenmiller (Trades, Portfolio) completely exited 30 holdings in the fourth quarter of 2025. Notable exits include Verona Pharma PLC (VRNA), where he sold all 1,002,080 shares, resulting in a -2.63% impact on the portfolio. Additionally, he liquidated all 76,100 shares of Meta Platforms Inc (NASDAQ:META), causing a -1.38% impact on the portfolio.
Story Continues
Key Position Reduces
Stanley Druckenmiller (Trades, Portfolio) reduced his position in 16 stocks, with significant changes including a reduction in Teva Pharmaceutical Industries Ltd (NYSE:TEVA) by 10,719,065 shares, resulting in a -64.6% decrease in shares and a -5.33% impact on the portfolio. The stock traded at an average price of $24.71 during the quarter and has returned 39.63% over the past 3 months and 10.01% year-to-date. Additionally, he reduced Insmed Inc (NASDAQ:INSM) by 941,683 shares, resulting in a -38.86% reduction in shares and a -3.34% impact on the portfolio. The stock traded at an average price of $183.04 during the quarter and has returned -23.46% over the past 3 months and -13.19% year-to-date.
Portfolio Overview
As of the fourth quarter of 2025, Stanley Druckenmiller (Trades, Portfolio)'s portfolio included 62 stocks. The top holdings were 12.8% in Natera Inc (NASDAQ:NTRA), 6.7% in State Street Financial Select Sector SPDR ETF (XLF), 5.74% in Insmed Inc (NASDAQ:INSM), 5% in Invesco S&P 500 Equal Weight ETF (RSP), and 4.08% in Teva Pharmaceutical Industries Ltd (NYSE:TEVA).Stanley Druckenmiller's Strategic Moves: A Closer Look at State Street Financial Select Sector SPDR ETF
The holdings are primarily concentrated in 9 of the 11 industries: Healthcare, Consumer Cyclical, Technology, Industrials, Communication Services, Basic Materials, Consumer Defensive, Financial Services, and Energy.
View Comments