--- title: "Legendary investor Druckenmiller completely liquidated US Steel in Q1 and increased holdings in Taiwan Semiconductor and DocuSign" description: "Legendary investor Stanley Druckenmiller's Duquesne Family Office reported a total portfolio market value of $3.06 billion in the first quarter of 2025, down from $3.72 billion in the previous quarter" type: "news" locale: "en" url: "https://longbridge.com/en/news/240486661.md" published_at: "2025-05-16T02:32:06.000Z" --- # Legendary investor Druckenmiller completely liquidated US Steel in Q1 and increased holdings in Taiwan Semiconductor and DocuSign > Legendary investor Stanley Druckenmiller's Duquesne Family Office reported a total portfolio market value of $3.06 billion in the first quarter of 2025, down from $3.72 billion in the previous quarter. The institution completely liquidated its position in US Steel in the third quarter, increased its holdings in Taiwan Semiconductor and DocuSign, added 12 new stocks, increased positions in 14 stocks, reduced positions in 18 stocks, and completely liquidated 38 stocks. The top ten holdings accounted for 59.8% of the total market value According to the Zhitong Finance APP, legendary investor and founder of Duquesne Capital, Stanley Druckenmiller's global top family office, Duquesne Family Office, has submitted its first-quarter holdings report (13F) as of March 31, 2025. Statistics show that the total market value of the institution's holdings in the third quarter was $3.06 billion, down from $3.72 billion in the previous quarter. In the third quarter, the fund added 12 new stocks to its portfolio, increased its holdings in 14 stocks, reduced its holdings in 18 stocks, and completely exited 38 stocks. The top ten holdings accounted for 59.8% of the total market value. ![image.png](https://imageproxy.pbkrs.com/https://img.zhitongcaijing.com/image/20250516/1747355058760781.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg) Among the top five holdings of Duquesne Family Office in the third quarter, Natera (NTRA.US) ranked first with 3.4 million shares, valued at approximately $481 million, accounting for 15.17% of the portfolio, a decrease of 4.61% from the previous quarter. Teva Pharmaceuticals (TEVA.US) ranked second with 14.88 million shares, valued at approximately $229 million, accounting for 5.33% of the portfolio, an increase of 65.38% from the previous quarter. Coupang (CPNG.US) ranked third with 9.3 million shares, valued at approximately $204 million, accounting for 5.26% of the portfolio, an increase of 4.49% from the previous quarter. Woodward (WWD.US) and Philip Morris (PM.US) ranked fourth and fifth, with market values of $200 million and $175 million, respectively, a decrease of 10.44% and 18.26% from the previous quarter. ![image.png](https://imageproxy.pbkrs.com/https://img.zhitongcaijing.com/image/20250516/1747355169271853.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg) The 13F report shows that the institution established long positions in DocuSign, CCC Intelligent Solutions, EQT, Caesars Entertainment, and Twilio in the first quarter. It completely exited positions in SLM, US Steel (X.US), Warner Bros. Discovery, and Vistra. It increased holdings in Flutter, Taiwan Semiconductor, Insmed, Teva Pharmaceuticals, and Eli Lilly. From the changes in holding proportions, the top five purchased stocks were: DocuSign (DOCU.US), Taiwan Semiconductor (TSM.US), gaming giant Flutter Entertainment (FLUT.US), Insmed (INSM.US), and Teva Pharmaceuticals The top five sold stocks include: Seagate Technology (STX.US), Coherent (COHR.US), Skechers (SKX.US), United Airlines (UAL.US), and SLM Corporation (SLM.US) ### Related Stocks - [X.US - US Steel](https://longbridge.com/en/quote/X.US.md) - [TSM.US - Taiwan Semiconductor](https://longbridge.com/en/quote/TSM.US.md) - [UAL.US - United Airlines](https://longbridge.com/en/quote/UAL.US.md) - [SKX.US - Skechers USA](https://longbridge.com/en/quote/SKX.US.md) - [PLAY.US - Dave & Buster ENT](https://longbridge.com/en/quote/PLAY.US.md) - [WBD.US - Warner Bros. Discovery](https://longbridge.com/en/quote/WBD.US.md) - [PM.US - Phillip Morris](https://longbridge.com/en/quote/PM.US.md) - [TEVA.US - Teva Pharmaceutical Industries](https://longbridge.com/en/quote/TEVA.US.md) - [DOCU.US - Docusign](https://longbridge.com/en/quote/DOCU.US.md) - [NTRA.US - Natera](https://longbridge.com/en/quote/NTRA.US.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | 木头姐：这轮市场波动是算法导致，而非基本面 | 木头姐凯茜·伍德称，近期市场急涨急跌 “多由算法交易制造”，程序化减仓与技术面交易容易形成连锁踩踏，导致 “先卖再问” 的非理性波动，而卖出的人很可能要后悔。她强调 AI 是毕生最大机遇，当前市场处于类似 1996 年的早期阶段，科技巨头激 | [Link](https://longbridge.com/en/news/276045627.md) | | SpaceX 向上市冲刺：拟 IPO 用双重股权结构，与 xAI 合并后考虑重组债务 | 报道称，双重股权结构将赋予特定股东额外投票权，使马斯克即便持有少数股权，也能保持对公司的绝对控制；马斯克合作的银团在商讨一项融资方案，旨在重组 SpaceX 与 xAI 合并产生的债务，马斯克通过收购 X 并创立 xAI 积累了近 180 | [Link](https://longbridge.com/en/news/275938108.md) | | 美国考虑降低钢铝关税？这对金属意味着什么 | 大摩认为，美国若调整钢铝关税，仅针对衍生产品，初级金属仍面临 50% 高关税，影响有限。LME 铝价和美国中西部溢价预计不受冲击，美铝短期仍受保护。此外，该调整不意味着 15% 铜关税的可能性降低。 | [Link](https://longbridge.com/en/news/275975269.md) | | Stratechery 创始人深度访谈：预警 2029 年大规模 “芯片荒”，SaaS 模式将终结，广告才是 AI 终极商业闭环 | Ben Thompson 警告，台积电保守扩产或致 2029 年全球芯片短缺，巨头需分担建厂风险。在对巨头点评中，他认为 Meta 执行力最佳；谷歌混乱但有韧性；亚马逊自研芯片策略面临风险。展望未来，他指出在数字世界高度发达后，“现场” 体 | [Link](https://longbridge.com/en/news/276001569.md) | | Warrior Met Coal｜8-K：2025 财年 Q4 营收 3.84 亿美元超过预期 | | [Link](https://longbridge.com/en/news/275807384.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.