Duquesne Family Office dumps Micron and Intel, loads up on Bitcoin miners and AI plays

Stanley Druckenmiller’s Duquesne Family Office just showed its hand, and the cards tell a clear story: out with legacy semiconductor names, in with Bitcoin miners and AI-adjacent infrastructure. The billionaire investor’s Q2 2026 13F filing reveals a portfolio that looks dramatically different from where it stood just three months ago. Duquesne fully exited positions in both Intel (411,400 shares) and Micron Technology (23,400 shares) during the quarter. At the same time, the family office initiated significant new stakes in four publicly traded Bitcoin mining companies. The Bitcoin mining bet Duquesne opened a 4.07 million share position in Bitdeer Technologies, making it one of the larger new additions to the portfolio by share count. The office also picked up 754,800 shares of Riot Platforms, 314,150 shares of Hut 8, and 87,100 shares of IREN. The portfolio’s total assets under management climbed to roughly $5.21B across 95 holdings, with the top ten positions accounting for 45.83% of the total. Why Intel and Micron got cut Druckenmiller has historically spoken positively about AI as a transformative technology. Selling the chipmakers while buying the miners implies he sees more...