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 Holdings

管理规模 AUM

$3B

做多 Long

做空/对冲 Short

组合收益 Portfolio Returns

组合收益率 Portfolio Returns

近1月 1M

-1.5%

近3月 3M

-0.3%

近6月 6M

+3.4%

近1年 1Y

+26.9%

近3年 3Y

+86.1%

近5年 5Y

+25.9%

加权回报 Weighted Return

+0.4%

胜率 Win Rate

75%

48W / 16L

盈亏比 P/L Ratio

2.2x

+1% / -0%

最大赢家 Best Pick

+1.6%

最大输家 Worst Pick

STUB

-0.6%

Top5 集中度 Concentration

43%

组合收益说明 Portfolio Return Methodology: 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 Top Winners

🟢

BEBLOOM ENERGYShare0.6%

avg$105.65→$329.35+161.2%$18.5M

2025-12-31(6月)加仓Industrials

🟢

SNDKSandisk Corporation Share0.8%

avg$574.79→$2209.87+144.9%$24.2M

2026-03-31(3月)加仓Technology

🟢

SATSECHOSTARShare0.2%

avg$56.04→$107.63+144.9%$7.1M

2025-09-30(9月)加仓Technology

🟢

INTCINTELShare0.6%

avg$46.15→$134.16+135.7%$18.2M

2026-03-31(3月)持平Technology

🟢

WWDWOODWARDShare2.6%

avg$150.45→$349.21+132.1%$75.6M

2023-12-31(2.5年)减仓Industrials

🔔 重要信号 Key Signals2026年第1季度

NEW

AVGO$61MNEW

ARGT$36MNEW

CAI$34MNEW

RVMD$31MNEW

SNDK$24MNEW

HUM$24MNEW

TWLO$23MNEW

JBL$22MNEW

GSG$21MNEW

LIN$20MNEW

STX$20MNEW

NUVB$19MNEW

INTC$18MNEW

BLTE$17MNEW

ARM$16MNEW

OLMA$15MNEW

XENE$14MNEW

JBS$12MNEW

NET$11MNEW

LYB$11MNEW

VIST$10MNEW

TWST$10MNEW

COHR$10MNEW

CLS$9MNEW

DBVT$8MNEW

MU$8MNEW

LITE$5MNEW

SOLS$5MNEW

WLK$2M-52%

EWZ-22%

INSM-100%

RSP-64%

WWD-60%

TEVA-50%

SPY-94%

AMZN-61%

CPNG-21%

CRH-25%

FIGR-62%

QSR-65%

LSCC-25%

UAL-68%

WAB-83%

IWM-82%

BE-34%

DAKT-41%

STUB-67%

PCT-94%

MELICLOSED

XLFCLOSED

GOOGLCLOSED

COGTCLOSED

ENTGCLOSED

DOCUCLOSED

EEMCLOSED

DALCLOSED

ONCLOSED

FLUTCLOSED

AEVACLOSED

GSCLOSED

RHCLOSED

CMGCLOSED

ZCLOSED

CDTXCLOSED

PMCLOSED

AALCLOSED

AGXCLOSED

DASHCLOSED

WOLFCLOSED

PGNY

持仓分布 Portfolio Allocation2026年第1季度

90持仓数 Holdings

NTRA21.0%

INSM6.5%

TSM5.7%

YPF5.1%

EWZ4.5%

TBBB3.8%

AA3.4%

NAMS3.4%

其他 Other46.7%

管理规模 AUM

$3B

近1年 1Y Return

+26.9%

胜率 Win Rate

75%

Top5 集中度

43%

完整持仓 Full Holdings

#	方向	股票 Ticker	类型 Type	买入均价	当前价	收益率	占比 %	趋势 Trend	行业 Sector
1	🟢	NTRA NATERA	Share	$118.05	$231.41	+57.9%	21.0%	持平	Healthcare
2	🟢	INSM INSMED	Share	$82.37	$95.83	+32.5%	6.5%	持平	Healthcare
3	🟢	TSM TAIWAN SEMICONDUCTOR	Share	$189.93	$462.00	+112.9%	5.7%	加仓	Technology
4	🟢	YPF YPF SOCIEDAD ANONIMA	Share	$37.92	$43.66	+15.1%	5.1%	加仓	Energy
5	🟢	EWZ ISHARES MSCI BRAZIL ETF	Share	$31.77	$33.89	+14.0%	4.5%	加仓	-
6	🟢	TBBB BBB FOODS INC	Share	$29.28	$36.56	+24.9%	3.8%	加仓	Consumer Defensive
7	🟢	AA ALCOA	Share	$41.79	$62.53	+49.6%	3.4%	加仓	Basic Materials
8	🟢	NAMS NEWAMSTERDAM PHARMA CO NV	Share	$27.63	$35.44	+28.3%	3.4%	加仓	Healthcare
9	🟢	SE SEA	Share	$122.01	$91.28	-27.7%	3.1%	加仓	Communication Services
10	🟢	STM STMICROELECTRONICS NV	Share	$29.73	$61.41	+106.6%	3.1%	加仓	Technology
11	🟢	WWD WOODWARD	Share	$150.45	$349.21	+132.1%	2.6%	减仓	Industrials
12	🟢	TEVA TEVA PHARMACEUTICAL	Share	$17.49	$34.29	+96.1%	2.5%	减仓	Healthcare
13	🟢	ROKU ROKU	Share	$74.75	$137.79	+65.9%	2.4%	加仓	Communication Services
14	🟢	AVGO BROADCOM	Share	$329.14	$411.46	+29.2%	2.1%	加仓	Technology
15	🟢	CPNG COUPANG	Share	$25.84	$18.00	-37.6%	1.7%	减仓	Consumer Cyclical
16	🟢	OPCH OPTION CARE HEALTH	Share	$30.27	$19.52	-35.5%	1.7%	加仓	Healthcare
17	🟢	CRH CRH PUBLIC LTD	Share	$108.15	$111.24	-4.6%	1.4%	加仓	Basic Materials
18	🟢	FIGR Figure Technology Solutions	Share	$37.04	$43.28	+16.8%	1.3%	加仓	Financial Services
19	🟢	ARGT GLOBAL X MSCI ARGENTINA ETF	Share	$92.63	$86.87	-6.2%	1.2%	加仓	-
20	🟢	CAI Caris Life Sciences	Share	$22.18	$16.85	-34.4%	1.2%	持平	Healthcare
21	🟢	QSR RESTAURANT BRANDS INTERNATIONAL	Share	$66.05	$73.00	+14.8%	1.1%	持平	Consumer Cyclical
22	🟢	RVMD REVOLUTION MEDICINES	Share	$103.66	$145.66	+40.5%	1.1%	持平	Healthcare
23	🟢	LSCC LATTICE SEMICONDUCTOR	Share	$70.68	$120.11	+69.9%	1.0%	加仓	Technology
24	🟢	UAL UNITED AIRLINES HOLDINGS	Share	$84.55	$118.75	+9.8%	0.8%	减仓	Industrials
25	🟢	SNDK Sandisk Corporation	Share	$574.79	$2209.87	+144.9%	0.8%	加仓	Technology
26	🟢	HUM HUMANA	Share	$196.86	$305.12	+55.0%	0.8%	持平	Healthcare
27	🟢	WAB WESTINGHOUSE AIR BRAKE TECHNOLOGIES	Share	$195.28	$255.29	+35.1%	0.8%	减仓	Industrials
28	🟢	TWLO TWILIO	Share	$121.26	$206.92	+63.5%	0.8%	加仓	Communication Services
29	🟢	JBL JABIL	Share	$251.52	$339.82	+35.1%	0.8%	持平	Technology
30	🟢	SCCO SOUTHERN COPPER	Share	$134.60	$176.78	+31.3%	0.7%	加仓	Basic Materials
31	🟢	GSG ISHARES S&P GSCI COMMODITY-INDEXED TRUST	Share	$27.92	$34.19	+22.5%	0.7%	持平	-
32	🟢	LIN LINDE	Share	$471.68	$512.15	+7.3%	0.7%	持平	Basic Materials
33	🟢	STX SEAGATE TECHNOLOGY HOLDINGS	Share	$386.38	$1076.00	+105.9%	0.7%	减仓	Technology
34	🟢	CLF CLEVELAND-CLIFFS	Share	$10.64	$10.31	-3.1%	0.7%	加仓	Basic Materials
35	🟢	NUVB NUVATION BIO	Share	$5.73	$4.32	-24.6%	0.7%	持平	Healthcare
36	🟢	BE BLOOM ENERGY	Share	$105.65	$329.35	+161.2%	0.6%	加仓	Industrials
37	🟢	INTC INTEL	Share	$46.15	$134.16	+135.7%	0.6%	持平	Technology
38	🟢	BLTE BELITE BIO	Share	$168.79	$143.00	-15.3%	0.6%	持平	Healthcare
39	🟢	PTGX PROTAGONIST THERAPEUTICS	Share	$57.61	$105.40	+77.4%	0.6%	加仓	Healthcare
40	🟢	ARM ARM HOLDINGS PLC	Share	$123.97	$438.00	+68.7%	0.6%	加仓	Technology
41	🟢	U UNITY SOFTWARE	Share	$23.60	$27.30	+15.1%	0.6%	加仓	Technology
42	🟢	OLMA OLEMA PHARMACEUTICALS	Share	$20.97	$13.59	-35.2%	0.5%	持平	Healthcare
43	🟢	ADMA ADMA BIOLOGICS	Share	$13.75	$8.27	-39.9%	0.5%	加仓	Healthcare
44	🟢	XENE XENON PHARMACEUTICALS	Share	$50.43	$54.39	+7.9%	0.5%	持平	Healthcare
45	🟢	JBS JBS N.V.	Share	$15.54	$13.48	-13.3%	0.4%	持平	Consumer Defensive
46	🟢	DAKT DAKTRONICS	Share	$13.10	$19.04	+45.3%	0.4%	减仓	Technology
47	🟢	NET CLOUDFLARE	Share	$190.06	$194.63	+3.9%	0.4%	持平	Technology
48	🟢	LYB LYONDELLBASELL INDUSTRIES NV	Share	$60.55	$75.06	+24.0%	0.4%	持平	Basic Materials
49	🟢	VIST VISTA ENERGY SAB DE CV	Share	$60.84	$72.29	+18.8%	0.3%	持平	Energy
50	🟢	TWST TWIST BIOSCIENCE	Share	$44.81	$87.21	+9.7%	0.3%	持平	Healthcare
51	🟢	COHR COHERENT	Share	$234.08	$393.98	+63.4%	0.3%	减仓	Technology
52	🟢	AMZN AMAZON	Share	$117.25	$264.14	+125.3%	0.3%	减仓	Consumer Cyclical
53	🟢	CLS CELESTICA	Share	$293.20	$358.55	+22.3%	0.3%	持平	Technology
54	🟢	STUB StubHub	Share	$20.77	$8.82	-57.5%	0.3%	加仓	Communication Services
55	🟢	MU MICRON TECHNOLOGY	Share	$390.71	$1151.80	+85.5%	0.3%	减仓	Technology
56	🟢	DBVT DBV TECHNOLOGIES SA	Share	$21.14	$19.65	-7.0%	0.3%	持平	Healthcare
57	🟢	SATS ECHOSTAR	Share	$56.04	$107.63	+144.9%	0.2%	加仓	Technology
58	🟢	ALM Almonty Industries Inc.	Share	$7.62	$17.45	+129.0%	0.2%	加仓	Basic Materials
59	🟢	LITE LUMENTUM HOLDINGS	Share	$563.78	$848.00	+72.2%	0.2%	持平	Technology
60	🟢	PCT PURECYCLE TECHNOLOGIES	Share	$9.41	$12.59	+33.8%	0.2%	减仓	Industrials
61	🟢	MELI MERCADOLIBRE	Share	$1219.30	$1546.81	+26.9%	0.2%	减仓	Consumer Cyclical
62	🟢	SOLS SOLSTICE ADVANCED MATERIALS INC	Share	$68.90	$85.11	+23.5%	0.2%	持平	Basic Materials
63	🟢	WLK WESTLAKE	Share	$96.54	$88.59	-8.2%	0.1%	持平	Basic Materials
64	🟢	WVE WAVE LIFE SCIENCES	Share	$14.03	$6.77	-51.7%	0.0%	加仓	Healthcare
65	🟢	AMZN AMAZON	Call	—	$264.14	—	—	加仓	Consumer Cyclical
66	🟢	IWM ISHARES RUSSELL 2000 ETF	Call	—	$277.60	—	—	减仓	-
67	🟢	SPY SPDR S&P 500 ETF	Call	—	$739.17	—	—	加仓	-
68	🟢	RSP GUGGENHEIM S&P 500(R) EQUAL WEIGHT ETF	Call	—	$201.56	—	—	持平	-
69	🟢	EWZ ISHARES MSCI BRAZIL ETF	Call	—	$33.89	—	—	加仓	-

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。 Options value shown is notional exposure (contracts × 100 × underlying price), not actual capital invested.

持仓变动 Portfolio Changes2026年第1季度

股票 Ticker	类型 Type	股数变动 Share Change	变动比例 Change %	当前市值 Value	占比 Weight
NTRA	增仓 Added	+552K	+22.0%	$612.7M	21.0%
EWZ	减仓 Reduced	-3.7M	-51.6%	$294.2M	4.5%
INSM	减仓 Reduced	-328K	-22.1%	$188.7M	6.5%
TSM	减仓 Reduced	-48K	-8.8%	$167.4M	5.7%
RSP	减仓 Reduced	-2.3M	-99.7%	$157.6M	-
YPF	增仓 Added	+2.6M	+433.1%	$149.6M	5.1%
TBBB	增仓 Added	+434K	+16.2%	$110.0M	3.8%
AA	增仓 Added	+117K	+8.5%	$99.1M	3.4%
SE	增仓 Added	+156K	+16.5%	$91.1M	3.1%
STM	增仓 Added	+1.8M	+237.8%	$90.3M	3.1%
WWD	减仓 Reduced	-380K	-64.2%	$75.6M	2.6%
TEVA	减仓 Reduced	-3.5M	-59.5%	$71.6M	2.5%
ROKU	增仓 Added	+167K	+28.7%	$71.0M	2.4%
AVGO	建仓 New	+196K	New	$60.6M	2.1%
SPY	减仓 Reduced	-900	-50.0%	$58.5M	-
AMZN	减仓 Reduced	-691K	-93.5%	$51.2M	0.3%
CPNG	减仓 Reduced	-4.1M	-60.6%	$50.4M	1.7%
OPCH	增仓 Added	+123K	+7.0%	$50.3M	1.7%
CRH	减仓 Reduced	-97K	-20.5%	$39.7M	1.4%
FIGR	减仓 Reduced	-389K	-25.3%	$39.1M	1.3%
ARGT	建仓 New	+387K	New	$36.2M	1.2%
CAI	建仓 New	+1.9M	New	$33.9M	1.2%
QSR	减仓 Reduced	-755K	-62.4%	$33.6M	1.1%
RVMD	建仓 New	+316K	New	$30.7M	1.1%
LSCC	减仓 Reduced	-603K	-65.1%	$30.0M	1.0%
SNDK	建仓 New	+38K	New	$24.2M	0.8%
UAL	减仓 Reduced	-86K	-24.7%	$24.2M	0.8%
HUM	建仓 New	+138K	New	$23.8M	0.8%
WAB	减仓 Reduced	-205K	-68.4%	$23.7M	0.8%
TWLO	建仓 New	+182K	New	$22.9M	0.8%
JBL	建仓 New	+82K	New	$21.8M	0.8%
SCCO	增仓 Added	+1K	+1.1%	$21.0M	0.7%
GSG	建仓 New	+643K	New	$20.7M	0.7%
LIN	建仓 New	+41K	New	$20.4M	0.7%
STX	建仓 New	+51K	New	$19.9M	0.7%
IWM	减仓 Reduced	-4K	-82.5%	$19.6M	-
CLF	增仓 Added	+568K	+32.5%	$19.5M	0.7%
NUVB	建仓 New	+4.5M	New	$19.5M	0.7%
BE	减仓 Reduced	-604K	-81.6%	$18.5M	0.6%
INTC	建仓 New	+411K	New	$18.2M	0.6%
BLTE	建仓 New	+106K	New	$16.9M	0.6%
U	增仓 Added	+329K	+80.2%	$16.2M	0.6%
ARM	建仓 New	+107K	New	$16.1M	0.6%
OLMA	建仓 New	+987K	New	$14.7M	0.5%
ADMA	增仓 Added	+1.3M	+512.9%	$13.9M	0.5%
XENE	建仓 New	+239K	New	$13.9M	0.5%
JBS	建仓 New	+656K	New	$11.8M	0.4%
DAKT	减仓 Reduced	-290K	-34.0%	$11.0M	0.4%
NET	建仓 New	+53K	New	$10.8M	0.4%
LYB	建仓 New	+131K	New	$10.6M	0.4%
VIST	建仓 New	+135K	New	$10.2M	0.3%
TWST	建仓 New	+206K	New	$9.8M	0.3%
COHR	建仓 New	+40K	New	$9.6M	0.3%
CLS	建仓 New	+33K	New	$9.4M	0.3%
STUB	减仓 Reduced	-939K	-40.7%	$8.5M	0.3%
DBVT	建仓 New	+383K	New	$8.0M	0.3%
MU	建仓 New	+23K	New	$7.9M	0.3%
PCT	减仓 Reduced	-1.9M	-66.5%	$5.0M	0.2%
LITE	建仓 New	+7K	New	$4.9M	0.2%
MELI	减仓 Reduced	-44K	-94.1%	$4.8M	0.2%
SOLS	建仓 New	+63K	New	$4.8M	0.2%
WLK	建仓 New	+21K	New	$2.5M	0.1%
XLF	清仓 Closed	-11.0M	Closed	-	-
GOOGL	清仓 Closed	-385K	Closed	-	-
COGT	清仓 Closed	-2.2M	Closed	-	-
ENTG	清仓 Closed	-844K	Closed	-	-
DOCU	清仓 Closed	-1.0M	Closed	-	-
EEM	清仓 Closed	-1.8M	Closed	-	-
DAL	清仓 Closed	-651K	Closed	-	-
ON	清仓 Closed	-536K	Closed	-	-
FLUT	清仓 Closed	-115K	Closed	-	-
AEVA	清仓 Closed	-1.8M	Closed	-	-
GS	清仓 Closed	-28K	Closed	-	-
RH	清仓 Closed	-88K	Closed	-	-
CMG	清仓 Closed	-392K	Closed	-	-
Z	清仓 Closed	-193K	Closed	-	-
CDTX	清仓 Closed	-49K	Closed	-	-
PM	清仓 Closed	-67K	Closed	-	-
AAL	清仓 Closed	-640K	Closed	-	-
AGX	清仓 Closed	-30K	Closed	-	-
DASH	清仓 Closed	-36K	Closed	-	-
WOLF	清仓 Closed	-187K	Closed	-	-
PGNY	清仓 Closed	-295K	Closed	-	-