Two themes stand out in Stanley Druckenmiller's latest disclosed holdings: AI and semiconductors, and healthcare.

Duquesne Family Office reported approximately $5.2 billion in 13F holdings at June 30, 2026, up from roughly $3.4 billion at March 31. Reported positions included TSMC, STMicroelectronics, Amazon, Natera and Insmed. That roughly 54% increase measures the change in reported holdings value, not investment performance or the amount of new money invested. [Source: 13F filings]

Following those disclosures is one thing. Building a portfolio around them is another.

The VistaShares Target 15™ DRUKMacro Distribution ETF ($DRKY) combines an equity portfolio based on the BITA VistaShares DRUKMacro Select Index with an options strategy that seeks monthly income. The index draws on Duquesne's publicly disclosed holdings, offering a rules-based approach to this investment theme.

There's an important distinction: DRKY does not follow Druckenmiller's trades in real time. Public filings are delayed, and the fund's holdings and results can differ substantially from Duquesne's actual portfolio. Monthly distributions are not guaranteed.

Important Disclosures

This is not a recommendation to buy or sell any security. VistaShares is a WOLF Financial partner.

Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the Fund, please call (844) 875-2288 or visit VistaShares.com. Read the prospectus or summary prospectus carefully before investing.

Investing involves risk, including possible loss of principal. A focused portfolio can increase exposure to losses from individual holdings. Options and other derivatives introduce additional risks; covered calls can limit upside participation. Distributions may vary, may be zero, and may include return of capital, which can reduce the fund's NAV and trading price. The "Target 15" name does not represent a guaranteed yield or total return.

Neither DRKY nor VistaShares is affiliated with, sponsored by, or endorsed by Stanley Druckenmiller or Duquesne Family Office. Holdings are subject to change. Securities mentioned are not recommendations to buy or sell.

Foreside Fund Services, LLC, distributor.

Disclaimer:
This publication is for informational purposes only and should not be considered financial or investment advice. Always do your own research and consult a licensed professional before making financial decisions.