What did Stanley Druckenmiller actually do?

A source-backed history of material decisions from Duquesne Family Office. We preserve the sequence and observed outcomes instead of compressing judgment into a guru grade.

Material decisions: 45
Stocks observed: 17
Outcomes observed: 45

Each outcome preserves the stock’s post-disclosure excess return over the fixed observation window. The evidence stays decision-level; it is not rolled into a manager score.

Observed decisions and outcomes

Q2 2026
filed Aug 14, 2026
45d lag
AMZNADD+1082.5%
Stanley Druckenmiller · 3.0% of reported portfolio
Original SEC filing ↗
-3.6% vs SPY
34 sessions after disclosure
direction not supported so far
Q2 2026
filed Aug 14, 2026
45d lag
GOOGLNEWNEW
Stanley Druckenmiller · 2.8% of reported portfolio
Original SEC filing ↗
+0.1% vs SPY
34 sessions after disclosure
direction supported so far
Q2 2026
filed Aug 14, 2026
45d lag
AVGOEXITEXIT
Stanley Druckenmiller · 2.1% of reported portfolio
Original SEC filing ↗
-9.2% vs SPY
34 sessions after disclosure
direction supported so far
Q1 2026
filed May 15, 2026
45d lag
AMZNTRIM-93.8%
Stanley Druckenmiller · 4.0% of reported portfolio
Original SEC filing ↗
-6.2% vs SPY
63 sessions after disclosure
direction supported so far
Q1 2026
filed May 15, 2026
45d lag
GOOGLEXITEXIT
Stanley Druckenmiller · 2.9% of reported portfolio
Original SEC filing ↗
-18.2% vs SPY
63 sessions after disclosure
direction supported so far
Q1 2026
filed May 15, 2026
45d lag
AVGONEWNEW
Stanley Druckenmiller · 2.1% of reported portfolio
Original SEC filing ↗
-11.4% vs SPY
63 sessions after disclosure
direction not supported so far
Q4 2025
filed Feb 17, 2026
48d lag
TSMTRIM-29.0%
Stanley Druckenmiller · 5.4% of reported portfolio
Original SEC filing ↗
+1.7% vs SPY
63 sessions after disclosure
direction not supported so far
Q4 2025
filed Feb 17, 2026
48d lag
AMZNADD+68.8%
Stanley Druckenmiller · 4.0% of reported portfolio
Original SEC filing ↗
+21.4% vs SPY
63 sessions after disclosure
direction supported so far
Q4 2025
filed Feb 17, 2026
48d lag
GOOGLADD+276.7%
Stanley Druckenmiller · 2.9% of reported portfolio
Original SEC filing ↗
+23.0% vs SPY
63 sessions after disclosure
direction supported so far
Q4 2025
filed Feb 17, 2026
48d lag
METAEXITEXIT
Stanley Druckenmiller · 1.4% of reported portfolio
Original SEC filing ↗
-12.8% vs SPY
63 sessions after disclosure
direction supported so far
Q4 2025
filed Feb 17, 2026
48d lag
BACEXITEXIT
Stanley Druckenmiller · 1.3% of reported portfolio
Original SEC filing ↗
-12.4% vs SPY
63 sessions after disclosure
direction supported so far
Q3 2025
filed Nov 14, 2025
45d lag
PMEXITEXIT
Stanley Druckenmiller · 3.8% of reported portfolio
Original SEC filing ↗
+17.3% vs SPY
63 sessions after disclosure
direction not supported so far
Q3 2025
filed Nov 14, 2025
45d lag
FLUTTRIM-71.6%
Stanley Druckenmiller · 3.0% of reported portfolio
Original SEC filing ↗
-37.4% vs SPY
63 sessions after disclosure
direction supported so far
Q3 2025
filed Nov 14, 2025
45d lag
MSFTEXITEXIT
Stanley Druckenmiller · 2.6% of reported portfolio
Original SEC filing ↗
-24.5% vs SPY
63 sessions after disclosure
direction supported so far
Q3 2025
filed Nov 14, 2025
45d lag
AMZNNEWNEW
Stanley Druckenmiller · 2.4% of reported portfolio
Original SEC filing ↗
-15.5% vs SPY
63 sessions after disclosure
direction not supported so far
Q3 2025
filed Nov 14, 2025
45d lag
LLYEXITEXIT
Stanley Druckenmiller · 2.0% of reported portfolio
Original SEC filing ↗
-3.4% vs SPY
63 sessions after disclosure
direction supported so far
Q3 2025
filed Nov 14, 2025
45d lag
WBDEXITEXIT
Stanley Druckenmiller · 1.9% of reported portfolio
Original SEC filing ↗
+23.2% vs SPY
63 sessions after disclosure
direction not supported so far
Q3 2025
filed Nov 14, 2025
45d lag
CTRIM-22.7%
Stanley Druckenmiller · 1.4% of reported portfolio
Original SEC filing ↗
+15.6% vs SPY
63 sessions after disclosure
direction not supported so far
Q3 2025
filed Nov 14, 2025
45d lag
METANEWNEW
Stanley Druckenmiller · 1.4% of reported portfolio
Original SEC filing ↗
+3.5% vs SPY
63 sessions after disclosure
direction supported so far
Q3 2025
filed Nov 14, 2025
45d lag
BACADD+189.3%
Stanley Druckenmiller · 1.3% of reported portfolio
Original SEC filing ↗
+0.8% vs SPY
63 sessions after disclosure
direction supported so far
Q3 2025
filed Nov 14, 2025
45d lag
APPEXITEXIT
Stanley Druckenmiller · 0.8% of reported portfolio
Original SEC filing ↗
-28.4% vs SPY
63 sessions after disclosure
direction supported so far
Q3 2025
filed Nov 14, 2025
45d lag
GOOGLNEWNEW
Stanley Druckenmiller · 0.6% of reported portfolio
Original SEC filing ↗
+3.1% vs SPY
63 sessions after disclosure
direction supported so far
Q2 2025
filed Aug 15, 2025
46d lag
PMTRIM-26.2%
Stanley Druckenmiller · 5.9% of reported portfolio
Original SEC filing ↗
-10.8% vs SPY
63 sessions after disclosure
direction supported so far
Q2 2025
filed Aug 15, 2025
46d lag
TSMADD+27.8%
Stanley Druckenmiller · 4.4% of reported portfolio
Original SEC filing ↗
+12.5% vs SPY
63 sessions after disclosure
direction supported so far
Q2 2025
filed Aug 15, 2025
46d lag
MSFTNEWNEW
Stanley Druckenmiller · 2.6% of reported portfolio
Original SEC filing ↗
-7.3% vs SPY
63 sessions after disclosure
direction not supported so far
Q2 2025
filed Aug 15, 2025
46d lag
WBDNEWNEW
Stanley Druckenmiller · 1.9% of reported portfolio
Original SEC filing ↗
+82.5% vs SPY
63 sessions after disclosure
direction supported so far
Q2 2025
filed Aug 15, 2025
46d lag
COFEXITEXIT
Stanley Druckenmiller · 1.2% of reported portfolio
Original SEC filing ↗
-4.5% vs SPY
63 sessions after disclosure
direction supported so far
Q2 2025
filed Aug 15, 2025
46d lag
AMZNEXITEXIT
Stanley Druckenmiller · 0.9% of reported portfolio
Original SEC filing ↗
-2.1% vs SPY
63 sessions after disclosure
direction supported so far
Q2 2025
filed Aug 15, 2025
46d lag
APPADD+122.5%
Stanley Druckenmiller · 0.8% of reported portfolio
Original SEC filing ↗
+22.1% vs SPY
63 sessions after disclosure
direction supported so far
Q1 2025
filed May 15, 2025
45d lag
TSMADD+456.9%
Stanley Druckenmiller · 3.3% of reported portfolio
Original SEC filing ↗
+14.8% vs SPY
63 sessions after disclosure
direction supported so far
Q1 2025
filed May 15, 2025
45d lag
FLUTADD+1985.5%
Stanley Druckenmiller · 2.8% of reported portfolio
Original SEC filing ↗
+9.2% vs SPY
63 sessions after disclosure
direction supported so far
Q1 2025
filed May 15, 2025
45d lag
AMZNTRIM-58.4%
Stanley Druckenmiller · 2.0% of reported portfolio
Original SEC filing ↗
+3.8% vs SPY
63 sessions after disclosure
direction not supported so far
Q1 2025
filed May 15, 2025
45d lag
WBDEXITEXIT
Stanley Druckenmiller · 1.4% of reported portfolio
Original SEC filing ↗
+20.8% vs SPY
63 sessions after disclosure
direction not supported so far
Q1 2025
filed May 15, 2025
45d lag
COFNEWNEW
Stanley Druckenmiller · 1.2% of reported portfolio
Original SEC filing ↗
+1.3% vs SPY
63 sessions after disclosure
direction supported so far
Q1 2025
filed May 15, 2025
45d lag
MUEXITEXIT
Stanley Druckenmiller · 1.0% of reported portfolio
Original SEC filing ↗
+14.8% vs SPY
63 sessions after disclosure
direction not supported so far
Q4 2024
filed Feb 14, 2025
45d lag
AMZNNEWNEW
Stanley Druckenmiller · 2.0% of reported portfolio
Original SEC filing ↗
-6.8% vs SPY
63 sessions after disclosure
direction not supported so far
Q4 2024
filed Feb 14, 2025
45d lag
WBDNEWNEW
Stanley Druckenmiller · 1.4% of reported portfolio
Original SEC filing ↗
-11.2% vs SPY
63 sessions after disclosure
direction not supported so far
Q4 2024
filed Feb 14, 2025
45d lag
MUNEWNEW
Stanley Druckenmiller · 1.0% of reported portfolio
Original SEC filing ↗
-5.6% vs SPY
63 sessions after disclosure
direction not supported so far
Q4 2024
filed Feb 14, 2025
45d lag
CTRIM-77.8%
Stanley Druckenmiller · 0.7% of reported portfolio
Original SEC filing ↗
-7.3% vs SPY
63 sessions after disclosure
direction supported so far
Q4 2024
filed Feb 14, 2025
45d lag
MSFTEXITEXIT
Stanley Druckenmiller · 0.7% of reported portfolio
Original SEC filing ↗
+13.9% vs SPY
63 sessions after disclosure
direction not supported so far
Q4 2024
filed Feb 14, 2025
45d lag
ADBEEXITEXIT
Stanley Druckenmiller · 0.6% of reported portfolio
Original SEC filing ↗
-7.6% vs SPY
63 sessions after disclosure
direction supported so far
Q4 2024
filed Feb 14, 2025
45d lag
TSMADD+87.5%
Stanley Druckenmiller · 0.6% of reported portfolio
Original SEC filing ↗
-1.3% vs SPY
63 sessions after disclosure
direction not supported so far
Q3 2024
filed Nov 14, 2024
45d lag
MSFTTRIM-89.2%
Stanley Druckenmiller · 6.3% of reported portfolio
Original SEC filing ↗
-4.8% vs SPY
63 sessions after disclosure
direction supported so far
Q3 2024
filed Nov 14, 2024
45d lag
PMADD+27.6%
Stanley Druckenmiller · 4.8% of reported portfolio
Original SEC filing ↗
+12.8% vs SPY
63 sessions after disclosure
direction supported so far
Q3 2024
filed Nov 14, 2024
45d lag
NVDAEXITEXIT
Stanley Druckenmiller · 0.9% of reported portfolio
Original SEC filing ↗
-6.9% vs SPY
63 sessions after disclosure
direction supported so far

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The evidence is limited to selected widely owned U.S.-listed securities in Form 13F filings. Filing dates can trail quarter end by up to 45 days in the normal reporting cycle, and the filings do not disclose transaction dates, prices, or intent.