Theme
Market beta & EM
Current exposure and quarter activity across tracked funds. Theme classifications are editorial and may vary by fund taxonomy.
Current reported exposure$638M
Tagged bought / added$472M
Tagged sold / reduced$71M
Tracked funds1
Tracked fund exposure
Duquesne Family Office LLC
Stanley Druckenmiller · Q4 2025 filed 2026-02-17
14.2% of reported 13F $638M
Broad-market ETFs and country or emerging-market equity exposures.
Largest tracked holdings
| Ticker | Name | Value | Instrument |
|---|---|---|---|
| RSP | INVESCO S&P 500 EQUAL WEIGHT ETF | $225M | SH |
| EWZ | ISHARES MSCI BRAZIL ETF | $134M | Call |
| EWZ | ISHARES MSCI BRAZIL ETF | $113M | SH |
| SPY | SPDR S&P 500 ETF TRUST | $61M | Call |
| IWM | ISHARES RUSSELL 2000 ETF | $56M | Call |
| EEM | ISHARES MSCI EMERGING MARKETS ETF | $49M | SH |
Quarter activity
| Ticker | Action | Value |
|---|---|---|
| RSP | New | +$225M |
| EWZ | New | +$134M |
| EWZ | New | +$113M |
| EEM | Trimmed | -$53M |
| ARGT | Closed | -$18M |