Legendary investor Stanley Druckenmiller's Duquesne Family Office significantly cut its stake in Roku (ROKU) by over 75% during the second quarter of 2026. According to regulatory filings, which reflect trades made by June 30, the firm reduced its holdings to 184,060 shares from a previous 750,190. This disclosure provides a delayed look into the portfolio adjustments of a closely watched macro investor.
The trade is particularly noteworthy as it occurred during the same quarter that Fox Corp. announced it would acquire Roku. In a corresponding move revealed in the same filing, Druckenmiller initiated a new position in Fox Corp. (FOXA), which became his 14th largest holding. This suggests the investor was repositioning his holdings in response to the acquisition news. Druckenmiller is known for his active trading style and reacting to major macroeconomic and corporate events.