Digital media & apps
Digital media and apps capture consumer attention through search, social, streaming, gaming, ticketing, and mobile services. Revenue is usually tied to advertising, subscriptions, transactions, or app-store economics.
This segment captures consumer demand expressed through platforms, brands, distribution, or recurring purchase behavior. The same 13F dollar move can mean very different things depending on whether the company is a scaled platform, a cyclical retailer, or a defensive staples compounder.
The main analytical job is to separate structural share gain from cyclical volume, pricing, margin, or advertising swings. Granular tagging makes it easier to see whether a fund is leaning into consumer platforms, reopening/cyclical exposure, staples durability, or housing-linked demand.
- Search and social platforms
- Streaming and gaming
- Ticketing and live events
- App stores and mobile services
- Ad pricing and engagement
- AI search disruption
- Subscription churn
- Regulatory pressure on platform fees and content
Duquesne Family Office LLC
Stanley Druckenmiller · Q4 2025 filed 2026-02-17
Search, social, streaming, gaming, ticketing, and app/software consumer platforms.
| Ticker | Name | Value | Instrument |
|---|---|---|---|
| GOOGL | ALPHABET INC-CL A | $121M | SH |
| DOCU | DOCUSIGN INC | $70M | SH |
| ROKU | ROKU INC | $63M | SH |
| STUB | STUBHUB HOLDINGS INC-CLASS A | $31M | SH |
| FLUT | FLUTTER ENTERTAINMENT PLC | $25M | SH |
| AEVA | AEVA TECHNOLOGIES INC | $24M | SH |
| U | UNITY SOFTWARE INC | $18M | SH |
| SATS | ECHOSTAR CORP-A | $7M | SH |
| Ticker | Action | Value |
|---|---|---|
| GOOGL | Added | +$89M |
| META | Closed | -$56M |
| DOCU | Trimmed | -$48M |
| STUB | Trimmed | -$33M |
| FWONK | Closed | -$30M |
| ROKU | Trimmed | -$24M |
| U | Trimmed | -$19M |
| MDB | Closed | -$5M |