Stanley Druckenmiller
Stanley Druckenmiller runs Duquesne, a family office overseeing $4.22B in disclosed equity holdings (SEC CIK 0001536411). The latest portfolio (2025Q4) discloses 58 positions across 9 sectors, with the largest positions in NTRA, XLF and INSM. On a mark-to-market basis the tracked portfolio has returned 57.4% over the past year. OpenStocks tracks 40 consecutive quarterly snapshots for this manager — every position change, new entry, and exit is logged below.
What Stanley is holding in options
Stanley Druckenmiller (Duquesne) disclosed 4 option positions for the 2024Q4 quarter — 4 long-calls and 0 long-puts — totaling $168.2M of underlying-share notional value. The largest exposures are a call on DAL, a call on AAL, a call on G7997R103. Notional values reflect the value of the underlying shares at the quarter-end snapshot, not the option premium paid.
Options & derivatives
4 positions · $168.2M notional4 CALL · $168.2M| Type | Underlying | Shares | Notional | % of book |
|---|---|---|---|---|
| CALL | DALDELTA AIR LINES INC DEL | 950K | $57.4M | 1.5% |
| CALL | AALAMERICAN AIRLS GROUP INC | 2.6M | $44.9M | 1.2% |
| CALL | G7997R103SEAGATE TECHNOLOGY HLDNGS PL | 510K | $44.0M | 1.2% |
| CALL | UALUNITED AIRLS HLDGS INC | 226K | $21.9M | 0.6% |
Notional = value of the underlying shares at the quarter-end snapshot, not the option premium paid. A long PUT is a bearish bet on the underlying; a long CALL is a bullish bet. The reported value is included in the portfolio total but does not reflect actual capital at risk.