德

德鲁肯米勒

Stanley Druckenmiller

Duquesne Family Office宏观择时$3B

季度

曾为索罗斯管理量子基金的传奇交易员。以宏观择时和集中下注闻名，年化收益超30%。

持仓数量

116

管理规模

$3B

做多

做空/对冲

组合收益

组合收益率

近1月

-1.5%

近3月

-0.3%

近6月

+3.4%

近1年

+26.9%

近3年

+86.1%

近5年

+25.9%

加权回报

+0.7%

胜率

64%

54W / 30L

盈亏比

3.0x

+1% / -0%

最大赢家

SNDK

+8.3%

最大输家

WVE

-0.6%

Top5 集中度

39%

组合收益说明：收益涨幅基于假设虚拟净值计算。收益涨幅 = (最新虚拟净值 - X周期前虚拟净值) / X周期前虚拟净值 × 100%。组合虚拟净值 = 成份标的的虚拟持仓净值之和。成份标的虚拟持仓净值 = 成份标的持有份额 × 前复权收盘价格。加权回报率基于 SEC 13F 披露的加权平均成本价 vs 当前市价，按持仓占比加权。数据每个交易日盘后更新。组合调仓（季度 13F 披露）时重新计算份额。收益涨幅仅供参考，不代表对未来收益的预测与保证，也不构成任何投资建议。

🏆 最赚钱持仓

🟢

SNDKSandisk Corporation Share1.8%

avg$167.81→$1082.00+834.9%$79.4M

2026-03-31(7月)加仓Technology

🟢

NTRANATERAShare20.0%

avg$121.73→$378.92+167.0%$864.9M

2022-09-30(4.1年)持平Healthcare

🟢

WWDWOODWARDShare0.7%

avg$150.45→$332.96+139.2%$28.6M

2023-12-31(2.8年)减仓Industrials

🟢

TXG10X GENOMICSShare0.4%

avg$26.61→$67.00+133.7%$15.5M

2026-06-30(4月)持平Healthcare

🟢

PTGXPROTAGONIST THERAPEUTICSShare0.6%

avg$68.86→$139.19+125.0%$25.6M

2025-09-30(1.1年)加仓Healthcare

🔔 重要信号2026年第2季度

新建

CDW Call$140M新建

GOOGL$120M新建

FOXA$115M新建

BTDR$65M新建

DAL$56M新建

TSLA Call$53M新建

FLR$51M新建

DHI$49M新建

AMD$42M新建

PANW$40M新建

HUT$36M新建

FOX$30M新建

META Call$28M新建

CVCO$24M新建

PURR$23M新建

RMBS$23M新建

RYTM$23M新建

SKY$22M新建

ENTG$21M新建

AEVA$21M新建

RIOT$21M新建

EQIX$19M新建

LRCX$19M新建

DFTX$17M新建

TXG$15M新建

LLY$15M新建

RGEN$11M新建

RKT$10M新建

BIDU$10M新建

CVNA$10M新建

RDDT$10M新建

TMO$10M新建

DHR$10M新建

FFIV$9M新建

SKE$8M新建

GLUE$7M新建

RLAY$7M新建

CCC$6M新建

UWMC$6M新建

NVTS$6M新建

FTAI$5M新建

BEAM$5M新建

AUR$4M新建

IREN$4M新建

GGAL$3M-15%

ARGT-68%

WWD-75%

ROKU-74%

TEVA-40%

WAB-74%

ARM-88%

AA清仓

TWLO清仓

JBL清仓

GSG清仓

BE清仓

NET清仓

LYB清仓

TWST清仓

COHR清仓

CLS清仓

STUB清仓

MU清仓

SATS清仓

ALM清仓

LITE清仓

MELI清仓

INTC清仓

WLK清仓

AVGO清仓

OPCH清仓

FIGR清仓

QSR清仓

LSCC清仓

HUM

持仓分布2026年第2季度

116持仓数

NTRA20.0%

TSM6.5%

STM5.4%

INSM3.5%

YPF3.3%

AMZN3.0%

TBBB2.8%

GOOGL2.8%

其他52.8%

管理规模

$3B

近1年回报

+26.9%

胜率

64%

Top5 集中度

39%

完整持仓

共 116 个持仓，此处按组合权重显示前 94 个

#	方向	股票	类型	买入均价	当前价	收益率	占比 %	趋势	行业
1	🟢	NTRA NATERA	Share	$121.73	$378.92	+167.0%	20.0%	持平	Healthcare
2	🟢	TSM TAIWAN SEMICONDUCTOR	Share	$224.26	$412.09	+83.8%	6.5%	加仓	Technology
3	🟢	STM STMICROELECTRONICS NV	Share	$34.61	$50.41	+45.7%	5.4%	加仓	Technology
4	🟢	INSM INSMED	Share	$88.31	$94.04	+48.0%	3.5%	加仓	Healthcare
5	🟢	YPF YPF SOCIEDAD ANONIMA	Share	$36.94	$50.06	+35.5%	3.3%	加仓	Energy
6	🟢	AMZN AMAZON	Share	$238.18	$265.84	+11.6%	3.0%	加仓	Consumer Cyclical
7	🟢	TBBB BBB FOODS INC	Share	$29.28	$49.52	+69.1%	2.8%	加仓	Consumer Defensive
8	🟢	GOOGL ALPHABET	Share	$358.05	$280.42	-3.7%	2.8%	加仓	Communication Services
9	🟢	EWZ ISHARES MSCI BRAZIL ETF	Share	$31.77	$32.38	+7.8%	2.7%	加仓	-
10	🟢	STX SEAGATE TECHNOLOGY HOLDINGS	Share	$607.53	$815.00	+37.0%	2.7%	减仓	Technology
11	🟢	FOXA FOX	Share	$57.58	$67.96	+18.0%	2.6%	持平	Communication Services
12	🟢	UAL UNITED AIRLINES HOLDINGS	Share	$96.53	$109.24	+19.9%	2.5%	加仓	Industrials
13	🟢	SE SEA	Share	$122.01	$75.48	-2.4%	2.4%	加仓	Communication Services
14	🟢	CDW CDW	Share	$123.74	$139.88	+10.9%	2.4%	持平	Technology
15	🟢	NAMS NEWAMSTERDAM PHARMA CO NV	Share	$27.63	$21.20	+3.3%	2.4%	加仓	Healthcare
16	🟢	SNDK Sandisk Corporation	Share	$167.81	$1082.00	+834.9%	1.8%	加仓	Technology
17	🟢	RVMD REVOLUTION MEDICINES	Share	$113.00	$205.26	+90.0%	1.7%	加仓	Healthcare
18	🟢	BTDR BITDEER TECHNOLOGIES GROUP	Share	$14.99	$9.26	-35.8%	1.5%	持平	Technology
19	🟢	CRH CRH PUBLIC LTD	Share	$108.69	$81.05	-12.8%	1.4%	加仓	Basic Materials
20	🟢	DAL DELTA AIR LINES	Share	$74.66	$80.15	+11.6%	1.3%	加仓	Industrials
21	🟢	FLR FLUOR	Share	$48.42	$54.06	+11.6%	1.2%	持平	Industrials
22	🟢	DHI HORTON D R	Share	$149.21	$151.86	+1.8%	1.1%	加仓	Consumer Cyclical
23	🟢	CPNG COUPANG	Share	$25.84	$14.61	-35.5%	1.1%	减仓	Consumer Cyclical
24	🟢	AMD ADVANCED MICRO DEVICES	Share	$393.09	$614.00	+18.7%	1.0%	持平	Technology
25	🟢	PANW PALO ALTO NETWORKS	Share	$229.02	$353.65	+57.1%	0.9%	加仓	Technology
26	🟢	CLF CLEVELAND-CLIFFS	Share	$10.86	$11.17	+2.9%	0.9%	加仓	Basic Materials
27	🟢	HUT HUT 8 MINING	Share	$94.57	$82.08	-13.2%	0.8%	持平	Financial Services
28	🟢	CAI Caris Life Sciences	Share	$22.18	$22.76	+2.6%	0.8%	加仓	Healthcare
29	🟢	ARGT GLOBAL X MSCI ARGENTINA ETF	Share	$87.64	$91.41	+4.3%	0.7%	加仓	-
30	🟢	FOX FOX	Share	$52.70	$56.54	+14.6%	0.7%	持平	Communication Services
31	🟢	WWD WOODWARD	Share	$150.45	$332.96	+139.2%	0.7%	减仓	Industrials
32	🟢	NUVB NUVATION BIO	Share	$5.73	$7.26	+26.7%	0.6%	加仓	Healthcare
33	🟢	PTGX PROTAGONIST THERAPEUTICS	Share	$68.86	$139.19	+125.0%	0.6%	加仓	Healthcare
34	🟢	ROKU ROKU	Share	$74.56	$155.29	+110.3%	0.6%	减仓	Communication Services
35	🟢	CVCO CAVCO INDUSTRIES	Share	$525.40	$598.85	+14.0%	0.6%	持平	Consumer Cyclical
36	🟢	ADMA ADMA BIOLOGICS	Share	$11.72	$10.05	-14.2%	0.5%	加仓	Healthcare
37	🟢	PURR Hyperliquid Strategies	Share	$8.33	$9.39	+12.7%	0.5%	持平	Financial Services
38	🟢	RMBS RAMBUS	Share	$129.92	$110.30	-30.1%	0.5%	持平	Technology
39	🟢	RYTM RHYTHM PHARMACEUTICALS	Share	$91.86	$104.74	+26.0%	0.5%	持平	Healthcare
40	🟢	SKY SKYLINE CHAMPION	Share	$75.74	$92.99	+22.2%	0.5%	持平	Consumer Cyclical
41	🟢	DAKT DAKTRONICS	Share	$16.49	$19.50	+18.3%	0.5%	减仓	Technology
42	🟢	PCT PURECYCLE TECHNOLOGIES	Share	$9.27	$7.17	-22.7%	0.5%	加仓	Industrials
43	🟢	SCCO SOUTHERN COPPER	Share	$134.61	$194.68	+44.6%	0.5%	加仓	Basic Materials
44	🟢	LIN LINDE	Share	$471.68	$521.55	+2.0%	0.5%	加仓	Basic Materials
45	🟢	ENTG ENTEGRIS	Share	$146.05	$162.19	-1.2%	0.5%	减仓	Technology
46	🟢	TEVA TEVA PHARMACEUTICAL	Share	$17.49	$37.47	+114.2%	0.5%	减仓	Healthcare
47	🟢	U UNITY SOFTWARE	Share	$23.60	$43.16	+99.6%	0.5%	加仓	Technology
48	🟢	AEVA AEVA TECHNOLOGIES	Share	$20.81	$19.78	-4.9%	0.5%	加仓	Consumer Cyclical
49	🟢	RIOT RIOT PLATFORMS	Share	$21.92	$23.49	-11.6%	0.5%	持平	Technology
50	🟢	EQIX EQUINIX	Share	$1069.59	$993.69	+0.7%	0.4%	持平	Real Estate
51	🟢	LRCX LAM RESEARCH	Share	$308.51	$227.56	-0.4%	0.4%	持平	Technology
52	🟢	DFTX Definium Therapeutics	Share	$29.28	$45.82	+56.5%	0.4%	持平	Healthcare
53	🟢	BLTE BELITE BIO	Share	$168.79	$168.55	-0.1%	0.4%	加仓	Healthcare
54	🟢	RSP GUGGENHEIM S&P 500(R) EQUAL WEIGHT ETF	Share	$204.25	$222.07	+8.7%	0.4%	减仓	-
55	🟢	TXG 10X GENOMICS	Share	$26.61	$67.00	+133.7%	0.4%	持平	Healthcare
56	🟢	WAB WESTINGHOUSE AIR BRAKE TECHNOLOGIES	Share	$195.28	$280.80	+49.6%	0.3%	减仓	Industrials
57	🟢	LLY ELI LILLY	Share	$1022.24	$1280.34	+25.2%	0.3%	减仓	Healthcare
58	🟢	XENE XENON PHARMACEUTICALS	Share	$50.43	$62.32	+23.6%	0.3%	加仓	Healthcare
59	🟢	OLMA OLEMA PHARMACEUTICALS	Share	$20.97	$11.31	-46.1%	0.3%	加仓	Healthcare
60	🟢	RGEN REPLIGEN	Share	$122.02	$167.22	+44.5%	0.2%	持平	Healthcare
61	🟢	RKT ROCKET COMPANIES	Share	$14.48	$11.50	+1.0%	0.2%	持平	Financial Services
62	🟢	BIDU BAIDU	Share	$126.11	$76.90	-26.4%	0.2%	持平	Communication Services
63	🟢	ARM ARM HOLDINGS PLC	Share	$123.97	$197.34	+101.1%	0.2%	减仓	Technology
64	🟢	CVNA CARVANA	Share	$70.94	$72.00	-0.7%	0.2%	持平	Consumer Cyclical
65	🟢	RDDT REDDIT INC	Share	$160.09	$90.97	-5.2%	0.2%	持平	Communication Services
66	🟢	AA ALCOA	Share	—	$51.54	—	0.2%	减仓	Basic Materials
67	🟢	TMO THERMO FISHER SCIENTIFIC	Share	$478.16	$709.18	+28.3%	0.2%	加仓	Healthcare
68	🟢	DHR DANAHER	Share	$181.15	$232.23	+16.8%	0.2%	加仓	Healthcare
69	🟢	FFIV F5	Share	$350.22	$382.63	+9.3%	0.2%	持平	Technology
70	🟢	VIST VISTA ENERGY SAB DE CV	Share	$60.84	$68.42	+12.5%	0.2%	加仓	Energy
71	🟢	SKE SKEENA RESOURCES	Share	$29.79	$34.13	+14.6%	0.2%	持平	Basic Materials
72	🟢	JBS JBS N.V.	Share	$15.54	$13.75	-11.5%	0.2%	加仓	Consumer Defensive
73	🟢	GLUE MONTE ROSA THERAPEUTICS	Share	$18.97	$15.77	-16.9%	0.2%	持平	Healthcare
74	🟢	RLAY RELAY THERAPEUTICS	Share	$14.42	$17.88	+43.8%	0.1%	持平	Healthcare
75	🟢	DBVT DBV TECHNOLOGIES SA	Share	$21.14	$14.78	-30.1%	0.1%	加仓	Healthcare
76	🟢	CCC CCC Intelligent Solutions	Share	$4.96	$7.44	+50.0%	0.1%	持平	Technology
77	🟢	UWMC UWM HOLDINGS	Share	$2.95	$1.49	-49.5%	0.1%	持平	Financial Services
78	🟢	NVTS NAVITAS SEMICONDUCTOR	Share	$20.10	$12.83	-36.2%	0.1%	持平	Technology
79	🟢	SOLS SOLSTICE ADVANCED MATERIALS INC	Share	$68.90	$57.34	-16.8%	0.1%	加仓	Basic Materials
80	🟢	FTAI FTAI AVIATION	Share	$249.19	$224.96	-15.4%	0.1%	持平	Industrials
81	🟢	BEAM BEAM THERAPEUTICS	Share	$30.24	$24.93	-3.9%	0.1%	持平	Healthcare
82	🟢	AUR AURORA INNOVATION	Share	$6.34	$6.20	-2.3%	0.1%	持平	Technology
83	🟢	IREN IRIS ENERGY	Share	$53.50	$22.17	-19.9%	0.1%	持平	Financial Services
84	🟢	GGAL GRUPO FINANCIERO GALICIA SA	Share	$47.47	$41.47	-12.6%	0.1%	减仓	Financial Services
85	🟢	WVE WAVE LIFE SCIENCES	Share	$14.03	$5.42	-61.4%	0.0%	加仓	Healthcare
86	🟢	RSP GUGGENHEIM S&P 500(R) EQUAL WEIGHT ETF	Call	—	$222.07	—	—	加仓	-
87	🟢	EWZ ISHARES MSCI BRAZIL ETF	Call	—	$32.38	—	—	加仓	-
88	🟢	INSM INSMED	Call	—	$94.04	—	—	加仓	Healthcare
89	🟢	AMZN AMAZON	Call	—	$265.84	—	—	加仓	Consumer Cyclical
90	🟢	IWM ISHARES RUSSELL 2000 ETF	Call	—	$301.72	—	—	加仓	-
91	🟢	SPY SPDR S&P 500 ETF	Call	—	$769.06	—	—	加仓	-
92	🟢	TSLA TESLA	Call	—	$351.12	—	—	持平	Consumer Cyclical
93	🟢	CDW CDW	Call	—	$139.88	—	—	持平	Technology
94	🟢	META META	Call	—	$546.03	—	—	持平	Communication Services

期权持仓说明：期权市值为名义敞口（合约数 × 100 × 标的价格），非实际投入资金，不参与投资组合占比计算。

持仓变动2026年第2季度

股票	类型	股数变动	变动比例	当前市值	占比
NTRA	增仓	+123K	+4.0%	$864.9M	20.0%
INSM	增仓	+284K	+24.6%	$295.8M	3.5%
TSM	增仓	+94K	+19.1%	$281.6M	6.5%
AMZN	增仓	+498K	+1042.7%	$238.6M	3.0%
STM	增仓	+490K	+18.8%	$232.4M	5.4%
RSP	增仓	+74K	+906.2%	$190.5M	0.4%
YPF	减仓	-97K	-3.0%	$142.7M	3.3%
CDW	建仓	+746K	新建	$139.8M	2.4%
TBBB	减仓	-207K	-6.7%	$120.9M	2.8%
GOOGL	建仓	+336K	新建	$120.2M	2.8%
STX	增仓	+71K	+140.6%	$117.7M	2.7%
FOXA	建仓	+2.2M	新建	$115.0M	2.6%
UAL	增仓	+532K	+202.8%	$108.1M	2.5%
IWM	增仓	+3K	+317.7%	$99.1M	-
SNDK	减仓	-3K	-8.5%	$79.4M	1.8%
RVMD	增仓	+84K	+26.5%	$74.8M	1.7%
BTDR	建仓	+4.1M	新建	$64.7M	1.5%
CRH	增仓	+176K	+46.6%	$59.2M	1.4%
DAL	建仓	+603K	新建	$56.5M	1.3%
TSLA	建仓	+1K	新建	$53.0M	-
FLR	建仓	+982K	新建	$51.5M	1.2%
DHI	建仓	+299K	新建	$48.7M	1.1%
AMD	建仓	+73K	新建	$42.3M	1.0%
PANW	建仓	+117K	新建	$39.8M	0.9%
CLF	增仓	+1.9M	+82.3%	$39.6M	0.9%
HUT	建仓	+314K	新建	$36.3M	0.8%
ARGT	减仓	-59K	-15.1%	$30.0M	0.7%
FOX	建仓	+633K	新建	$29.6M	0.7%
WWD	减仓	-144K	-68.2%	$28.6M	0.7%
META	建仓	+500	新建	$28.2M	-
PTGX	增仓	+49K	+30.8%	$25.6M	0.6%
ROKU	减仓	-566K	-75.5%	$25.4M	0.6%
CVCO	建仓	+40K	新建	$24.3M	0.6%
ADMA	增仓	+1.2M	+80.1%	$23.3M	0.5%
PURR	建仓	+2.9M	新建	$23.1M	0.5%
RMBS	建仓	+173K	新建	$23.0M	0.5%
RYTM	建仓	+204K	新建	$22.6M	0.5%
SKY	建仓	+254K	新建	$22.4M	0.5%
DAKT	增仓	+560K	+99.6%	$22.0M	0.5%
PCT	增仓	+1.7M	+178.4%	$21.7M	0.5%
SCCO	减仓	-1	0.0%	$21.4M	0.5%
ENTG	建仓	+118K	新建	$21.3M	0.5%
TEVA	减仓	-1.8M	-73.7%	$21.2M	0.5%
AEVA	建仓	+720K	新建	$20.7M	0.5%
RIOT	建仓	+755K	新建	$20.7M	0.5%
EQIX	建仓	+18K	新建	$19.2M	0.4%
LRCX	建仓	+44K	新建	$18.9M	0.4%
DFTX	建仓	+357K	新建	$16.8M	0.4%
TXG	建仓	+403K	新建	$15.5M	0.4%
WAB	减仓	-38K	-40.4%	$15.3M	0.3%
LLY	建仓	+12K	新建	$14.8M	0.3%
RGEN	建仓	+77K	新建	$10.6M	0.2%
RKT	建仓	+652K	新建	$10.3M	0.2%
BIDU	建仓	+88K	新建	$10.1M	0.2%
ARM	减仓	-79K	-73.7%	$10.0M	0.2%
CVNA	建仓	+151K	新建	$9.9M	0.2%
RDDT	建仓	+57K	新建	$9.8M	0.2%
AA	减仓	-1.3M	-87.6%	$9.7M	0.2%
TMO	建仓	+19K	新建	$9.6M	0.2%
DHR	建仓	+50K	新建	$9.6M	0.2%
FFIV	建仓	+22K	新建	$9.2M	0.2%
SKE	建仓	+300K	新建	$8.0M	0.2%
GLUE	建仓	+298K	新建	$7.2M	0.2%
RLAY	建仓	+349K	新建	$6.5M	0.1%
CCC	建仓	+1.2M	新建	$6.0M	0.1%
UWMC	建仓	+2.6M	新建	$5.9M	0.1%
NVTS	建仓	+311K	新建	$5.6M	0.1%
FTAI	建仓	+20K	新建	$5.5M	0.1%
BEAM	建仓	+154K	新建	$5.3M	0.1%
AUR	建仓	+634K	新建	$4.3M	0.1%
IREN	建仓	+87K	新建	$4.0M	0.1%
GGAL	建仓	+60K	新建	$3.0M	0.1%
TWLO	清仓	-182K	清仓	-	-
JBL	清仓	-82K	清仓	-	-
GSG	清仓	-643K	清仓	-	-
BE	清仓	-136K	清仓	-	-
NET	清仓	-53K	清仓	-	-
LYB	清仓	-131K	清仓	-	-
TWST	清仓	-206K	清仓	-	-
COHR	清仓	-40K	清仓	-	-
CLS	清仓	-33K	清仓	-	-
STUB	清仓	-1.4M	清仓	-	-
MU	清仓	-23K	清仓	-	-
SATS	清仓	-61K	清仓	-	-
ALM	清仓	-470K	清仓	-	-
LITE	清仓	-7K	清仓	-	-
MELI	清仓	-3K	清仓	-	-
INTC	清仓	-411K	清仓	-	-
WLK	清仓	-21K	清仓	-	-
AVGO	清仓	-196K	清仓	-	-
OPCH	清仓	-1.9M	清仓	-	-
FIGR	清仓	-1.2M	清仓	-	-
QSR	清仓	-454K	清仓	-	-
LSCC	清仓	-323K	清仓	-	-
HUM	清仓	-138K	清仓	-	-