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Funds (13F)

Duquesne Family Office LLC

Backtest from 16 Aug 2013 to 2 Nov 2026 · weekly · hypothetical

Watch this strategy
Return a year
+23.4%
S&P 500 +14.1%
Last 12 months
+27.0%
S&P 500 +12.1%
Sharpe ratio
0.98
S&P 500 0.78
Biggest drop
−35.5%
S&P 500 −31.8%
$10.0k$20.0k$40.0k$80.0k$160k 2013201520172019202120232025 $160k$57.0k
Duquesne Family Office LLCS&P 500 $10,000 in Duquesne Family Office LLC from 16 Aug 2013 against the S&P 500 (total return) over the same dates, marked weekly, log scale. Hypothetical: before taxes and trading costs.

About

Copies Duquesne Family Office LLC's quarterly 13F holdings in the companies we cover, weighted by reported value: it buys on the first trading day after each 13F is filed (up to 45 days after the quarter) and holds until the next filing. A 13F shows long US-listed positions only, at the quarter's end, so this misses shorts, cash, bonds, non-US holdings and trading within the quarter.

Duquesne Family Office LLC's 13F holdings →

Key statistics

MeasureStrategyS&P 500
Return a year (compound)+23.4%+14.1%
Total return+1502%+470%
Last 12 months+27.0%+12.1%
Last 3 months+9.0%—
Last month−8.7%—
This year so far+16.7%—
Volatility a year21.9%16.0%
Sharpe ratio0.980.78
Biggest drop−35.5%−31.8%
Beta to the S&P 5001.151.00
Alpha a year (t-statistic)+7.1% (2.15)—
Share of weeks up58%—

Sharpe ratio uses returns above the 3-month Treasury bill rate. Alpha is the yearly return left after allowing for the strategy's exposure to the S&P 500 (CAPM); a t-statistic below about 2 means it cannot be told apart from luck.

Insights

CompanyWeightHeld sinceReturn since
NTRA21.6%——
TSM7.0%——
STM5.8%——
INSM3.8%——
AMZN3.2%——
TBBB3.0%——
GOOGL3.0%——
STX2.9%——
FOXA2.9%——
UAL2.7%——
SE2.6%——
CDW2.6%——
NAMS2.6%——
SNDK2.0%——
RVMD1.9%——
BTDR1.6%——
CRH1.5%——
DAL1.4%——
FLR1.3%——
DHI1.2%——
CPNG1.2%——
AMD1.1%——
PANW1.0%——
CLF1.0%——
HUT0.9%——
CAI0.8%——
WWD0.7%——
NUVB0.6%——
PTGX0.6%——
ROKU0.6%——
CVCO0.6%——
ADMA0.6%——
PURR0.6%——
RMBS0.6%——
RYTM0.6%——
SKY0.6%——
DAKT0.6%——
PCT0.5%——
SCCO0.5%——
LIN0.5%——
ENTG0.5%——
TEVA0.5%——
U0.5%——
AEVA0.5%——
RIOT0.5%——
Q0.5%——
EQIX0.5%——
LRCX0.5%——
DFTX0.4%——
BLTE0.4%——
TXG0.4%——
WAB0.4%——
LLY0.4%——
XENE0.4%——
OLMA0.3%——
RGEN0.3%——
RKT0.3%——
BIDU0.3%——
ARM0.3%——
CVNA0.3%——
RDDT0.3%——
AA0.2%——
TMO0.2%——
DHR0.2%——
FFIV0.2%——
SKE0.2%——
JBS0.2%——
GLUE0.2%——
RLAY0.2%——
DBVT0.2%——
CCC0.1%——
UWMC0.1%——
NVTS0.1%——
SOLS0.1%——
FTAI0.1%——
BEAM0.1%——
AUR0.1%——
IREN0.1%——

Weighted by reported value in the latest 13F, held until the next filing.

PeriodReturn a yearS&P 500SharpeS&P 500Biggest dropBetaAlpha (t)
Whole backtest16 Aug 2013 to 2 Nov 2026+23.4%+14.1%0.980.78−35.5%1.15+7.1% (2.15)
2018 onwards5 Jan 2018 to 2 Nov 2026+25.1%+13.9%0.930.66−35.5%1.14+9.0% (2.09)
Last three years3 Nov 2023 to 2 Nov 2026+44.2%+21.8%1.531.16−24.7%1.31+13.4% (1.71)
Last year7 Nov 2025 to 2 Nov 2026+26.2%+14.2%0.940.84−14.8%1.34+8.4% (0.49)
DateCompanyAction
21 Aug 2026UWMCBought
21 Aug 2026TXGBought
21 Aug 2026TMOBought
21 Aug 2026SKYBought
21 Aug 2026SKEBought
21 Aug 2026RYTMBought
21 Aug 2026RMBSBought
21 Aug 2026RLAYBought
21 Aug 2026RKTBought
21 Aug 2026RIOTBought
21 Aug 2026RGENBought
21 Aug 2026RDDTBought
21 Aug 2026PURRBought
21 Aug 2026PANWBought
21 Aug 2026NVTSBought
21 Aug 2026LRCXBought
21 Aug 2026LLYBought
21 Aug 2026IRENBought
21 Aug 2026HUTBought
21 Aug 2026GOOGLBought
21 Aug 2026GLUEBought
21 Aug 2026FTAIBought
21 Aug 2026FOXABought
21 Aug 2026FLRBought
21 Aug 2026FFIVBought

Dated at the rebalance that made the change.

DateCompanyAction
21 Aug 2026WLKSold
21 Aug 2026TWSTSold
21 Aug 2026TWLOSold
21 Aug 2026STUBSold
21 Aug 2026QSRSold
21 Aug 2026OPCHSold
21 Aug 2026NETSold
21 Aug 2026MUSold
21 Aug 2026MELISold
21 Aug 2026LYBSold
21 Aug 2026LSCCSold
21 Aug 2026LITESold
21 Aug 2026JBLSold
21 Aug 2026INTCSold
21 Aug 2026HUMSold
21 Aug 2026FIGRSold
21 Aug 2026ECHOSold
21 Aug 2026COHRSold
21 Aug 2026CLSSold
21 Aug 2026BESold
21 Aug 2026AVGOSold
21 Aug 2026ALMSold
22 May 2026ZSold
22 May 2026WOLFSold
22 May 2026RHSold

Dated at the rebalance that made the change.

Backtests are hypothetical and use today's listed companies only, which flatters results. Past performance does not predict future returns. This is research, not investment advice. How we backtest