Granular segment
Broad-market ETFs
Broad-market ETFs are portfolio-level instruments used to add or reduce US equity beta quickly.
Current reported exposure$342M
Tagged bought / added$225M
Tagged sold / reduced$0
Tracked funds1
Segment overview
This segment is less about single-company selection and more about broad market, factor, or geographic exposure. In a 13F, ETF positions can show whether a fund is adding beta, hedging, expressing country views, or parking exposure while rotating single names.
The read-through is portfolio-level: size, direction, and timing usually matter more than issuer-level fundamentals. These rows should be interpreted alongside the fund's single-name activity rather than as operating-company bets.
What it covers
- S&P 500 and total-market ETFs
- Nasdaq and growth-heavy ETFs
- Equal-weight or factor variants
- Index exposure used around single-name rotations
What to watch
- Index concentration
- Rate expectations
- Earnings breadth
- Whether ETF exposure offsets or amplifies single-name risk
Tracked fund exposure
Duquesne Family Office LLC
Stanley Druckenmiller · Q4 2025 filed 2026-02-17
7.6% of reported 13F $342M
US broad-market equity ETF exposure.
Largest tracked holdings
| Ticker | Name | Value | Instrument |
|---|---|---|---|
| RSP | INVESCO S&P 500 EQUAL WEIGHT ETF | $225M | SH |
| SPY | SPDR S&P 500 ETF TRUST | $61M | Call |
| IWM | ISHARES RUSSELL 2000 ETF | $56M | Call |
Quarter activity
| Ticker | Action | Value |
|---|---|---|
| RSP | New | +$225M |