13F-HR 1 q4_2010-13f.txt Q4 2010 13F UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: December 31, 2010 ---------------- Check here if Amendment [_]; Amendment Number: N/A ------- This Amendment ( Check only one): [_] is a restatement. [_] adds new holdings entries Institutional Investment Manager Filing this Report: Name: Duquesne Capital Management, L.L.C. ---------------------------------------------- Address: 2579 Washington Road, Suite 322 ---------------------------------------------- Pittsburgh, PA 15241 ---------------------------------------------- Form 13F File Number: 28-03925 ---------------------------------------------- The institutional investment manager filing this report and the person by whom it is signed herby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that is understood that all required items, statements, schedules, list, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Joseph W. Haleski ----------------------------------------------- Title: Vice President & Managing Director ----------------------------------------------- Phone: 412-854-3112 ----------------------------------------------- Signature, Place, and Date of Signing: /s/ Joseph W. Haleski Pittsburgh, PA 02/11/11 ---------------------- ------------------- ---------- [Signature] [City, State] [Date] Report Type [X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 -------------- Form 13F Information Table Entry Total: 109 -------------- Form 13F Information Table Value Total: $ 2,164,718 (thousands) -------------- List of Other Included Managers: NONE Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8 Voting Authority Title Value Shrs Or Sh/ Put/ Invstmt Other ------------------- Name of Issuer of Class Cusip (x$1000) Prn Amt Prn Call Dscretn Mngrs Sole Shared None ---------------------------- -------------- ---------- ---------- ---------- --- --- -------- -------- ---------- ------ ----- Abercrombie & Fitch Co CALL 002896907 931 950 SH CALL SOLE 950 Akamai Tech Inc. COM 00971T101 1,802 38,300 SH SOLE 38,300 Allos Therapeutics Inc. COM 019777101 12,908 2,800,000 SH SOLE 2,800,000 Allscripts Hlthcre Solns IncCOM 01988P108 5,781 300,000 SH SOLE 300,000 Amarin Corp SPONS ADR 023111206 5,741 700,000 SH SOLE 700,000 Amazon.com Inc. COM 023135106 106,848 593,600 SH SOLE 593,600 American Elec Pwr Co Inc. COM 025537101 11,823 328,600 SH SOLE 328,600 Apple Inc. COM 037833100 13,754 42,640 SH SOLE 42,640 Arch Coal Inc. COM 039380100 4,277 122,000 SH SOLE 122,000 Ardea Biosciences Inc. COM 03969P107 24,050 925,000 SH SOLE 925,000 ARIAD Pharm Inc. COM 04033A100 1,275 250,000 SH SOLE 250,000 ArthroCare Corp COM 043136100 15,322 493,304 SH SOLE 493,304 Auxilium Pharm Inc. COM 05334D107 528 25,000 SH SOLE 25,000 Avis Budget Group COM 053774105 2,189 140,700 SH SOLE 140,700 Baidu.com Inc SPON ADR REP A 056752108 48,545 502,900 SH SOLE 502,900 BioMarin Pharm Inc. COM 09061G101 9,426 350,000 SH SOLE 350,000 CBL & Asoc Prop Inc. COM 124830100 2,938 167,900 SH SOLE 167,900 CF Ind Holdgs Inc. COM 125269100 119,552 884,591 SH SOLE 884,591 CMS Energy Corp NOTE 5.5% 6/15/29 125896BD1 2,805 2,000,000 PRIN SOLE 2,000,000 CVS Caremark Corp COM 126650100 24,339 700,000 SH SOLE 700,000 CenterPoint Energy Inc. COM 15189T107 1,990 126,600 SH SOLE 126,600 Citigroup Inc. COM 172967101 1,386 293,000 SH SOLE 293,000 Citigroup UNIT 99/99/9999 172967416 42,374 310,000 SH SOLE 310,000 Citrix Systems Inc. COM 177376100 9,926 145,100 SH SOLE 145,100 Cliffs Natural Resources IncCOM 18683K101 28,856 369,900 SH SOLE 369,900 Continental Resources Inc. COM 212015101 9,587 162,900 SH SOLE 162,900 Cubist Pharm Inc. COM 229678107 19,838 927,005 SH SOLE 927,005 Dana Holding Corp COM 235825205 974 56,600 SH SOLE 56,600 Deckers Outdoor Corp COM 243537107 2,544 31,900 SH SOLE 31,900 Deere & Company COM 244199105 27,946 336,500 SH SOLE 336,500 Dexcom Inc. COM 252131107 3,617 265,000 SH SOLE 265,000 Doral Financial Corp. COM 25811P886 3,105 2,250,105 SH SOLE 2,250,105 EOG Resources Inc. COM 26875P101 40,694 445,181 SH SOLE 445,181 EQT Corporation COM 26884L109 12,423 277,045 SH SOLE 277,045 Edison International COM 281020107 3,621 93,800 SH SOLE 93,800 Elan Corp ADR 284131208 64,170 11,199,007 SH SOLE 11,199,007 Emerson Electric Inc. COM 291011104 10,879 190,300 SH SOLE 190,300 EnerNOC Inc. COM 292764107 2,446 102,300 SH SOLE 102,300 Entergy Corporation COM 29364G103 15,604 220,300 SH SOLE 220,300 Flowserve Corporation COM 34354P105 11,123 93,300 SH SOLE 93,300 Ford Motor Company COM PAR $0.01 345370860 10,074 600,000 SH SOLE 600,000 Fresh Market Inc. COM 35804H106 1,030 25,000 SH SOLE 25,000 Gerdau S.A. SPONS ADR 373737105 5,036 360,000 SH SOLE 360,000 Gilead Sciences, Inc. COM 375558103 10,872 300,000 SH SOLE 300,000 Goldcorp Inc. COM 380956409 6,552 142,500 SH SOLE 142,500 Google Inc. COM 38259P508 5,702 9,600 SH SOLE 9,600 Great Plains Energy Inc COM 391164100 1,200 61,900 SH SOLE 61,900 Grn Mtn Coffee Rsters Inc. COM 393122106 4,108 125,000 SH SOLE 125,000 Halliburton Company COM 406216101 187,544 4,593,300 SH SOLE 4,593,300 Healthsouth Corporation COM 421924309 6,213 300,000 SH SOLE 300,000 Heinz (H.J.) Company COM 423074103 20,714 418,800 SH SOLE 418,800 Hess Corporation COM 42809H107 165,296 2,159,600 SH SOLE 2,159,600 Home Depot Inc. COM 437076102 40,319 1,150,000 SH SOLE 1,150,000 ICON Plc SPONS ADR 45103T107 4,380 200,000 SH SOLE 200,000 InterMune Inc. COM 45884X103 15,470 425,000 SH SOLE 425,000 InterOil Corporation COM 460951106 7,497 104,027 SH SOLE 104,027 Lennar Corporation COM 526057104 977 52,100 SH SOLE 52,100 McDonald's Corporation COM 580135101 45,311 590,300 SH SOLE 590,300 Mead Johnson Nutrition Co COM 582839106 12,542 201,480 SH SOLE 201,480 MicroStrategy Inc COM 594972408 974 11,400 SH SOLE 11,400 Molson Coors Brewing Co COM 60871R209 15,022 299,300 SH SOLE 299,300 Mylan, Inc. COM 628530107 17,961 850,000 SH SOLE 850,000 NII Holdings NOTE 3.125% 6/15/162913FAJ1 9,842 10,030,000 PRIN SOLE 10,030,000 NRG Energy Inc. COM 629377508 4,033 206,400 SH SOLE 206,400 Neogen Corporation COM 640491106 7,621 185,739 SH SOLE 185,739 NetFlix.com Inc. COM 64110L106 15,632 88,970 SH SOLE 88,970 Newfield Exploration Co COM 651290108 63,615 882,200 SH SOLE 882,200 Nike, Inc. COM 654106103 33,630 393,700 SH SOLE 393,700 North Am Palladium Ltd COM 656912102 1,041 150,000 SH SOLE 150,000 Northern Dynasty Mins Ltd COM 66510M204 3,029 212,000 SH SOLE 212,000 NovaGold Resources Inc COM 66987E206 28,800 2,018,200 SH SOLE 2,018,200 NV Energy Inc. COM 67073Y106 4,260 303,200 SH SOLE 303,200 OmniVision Tech Inc. COM 682128103 2,914 98,400 SH SOLE 98,400 Onyx Pharm Inc. COM 683399109 11,983 325,000 SH SOLE 325,000 OpenTable Inc. COM 68372A104 2,890 41,000 SH SOLE 41,000 PPL Corp UNIT 99/99/9999 69351T601 27,662 503,500 SH SOLE 503,500 Pall Corporation COM 696429307 14,874 300,000 SH SOLE 300,000 Patriot Coal Corporation COM 70336T104 5,226 269,800 SH SOLE 269,800 PerkinElmer Inc. COM 714046109 11,619 450,000 SH SOLE 450,000 Petrohawk Energy Corp COM 716495106 5,117 280,400 SH SOLE 280,400 Pinnacle West Cap Corp COM 723484101 6,089 146,900 SH SOLE 146,900 Portland General Elec Co COM 736508847 5,766 265,700 SH SOLE 265,700 Potash Corp of Sask Inc. COM 73755L107 101,445 655,200 SH SOLE 655,200 Qualcomm Incorporated COM 747525103 4,108 83,000 SH SOLE 83,000 Quicksilver Rscs Inc CALL 74837R904 5 910 SH CALL SOLE 910 Rosetta Resources Inc. COM 777779307 63,260 1,680,662 SH SOLE 1,680,662 Rovi Corporation COM 779376102 2,170 35,000 SH SOLE 35,000 SanDisk Corporation COM 80004C101 58,486 1,173,000 SH SOLE 1,173,000 Schlumberger Ltd. COM 806857108 17,001 203,600 SH SOLE 203,600 Semgroup Corp. COM 81663A105 1,011 37,200 SH SOLE 37,200 Silver Wheaton Corporation COM 828336107 1,952 50,000 SH SOLE 50,000 Stillwater Mining Company COM 86074Q102 4,539 212,600 SH SOLE 212,600 Stone Energy Corporation COM 861642106 39,008 1,750,000 SH SOLE 1,750,000 Swift Energy Company COM 870738101 85,695 2,188,900 SH SOLE 2,188,900 Target Corporation COM 87612E106 12,992 216,072 SH SOLE 216,072 Thoratec Corporation COM 885175307 6,372 225,000 SH SOLE 225,000 Toreador Resources Corp COM 891050106 1,552 100,000 SH SOLE 100,000 VCA Antech Inc. COM 918194101 5,823 250,000 SH SOLE 250,000 Valero Energy Corporation COM 91913Y100 23,120 1,000,000 SH SOLE 1,000,000 Verifone Systems Inc. COM 92342Y109 1,990 51,600 SH SOLE 51,600 Walter Energy Inc. COM 93317Q105 69,456 543,305 SH SOLE 543,305 Weyerhaeuser Company COM 962166104 4,178 220,700 SH SOLE 220,700 Yahoo! Inc. COM 984332106 8,485 510,200 SH SOLE 510,200 Yum! Brands Inc. COM 988498101 28,488 580,800 SH SOLE 580,800 Zimmer Holdings Inc. COM 98956P102 10,736 200,000 SH SOLE 200,000 SINA Corp. ORD G18477104 4,315 62,700 SH SOLE 62,700 Seagate Technology SHS G7945M107 1,958 130,300 SH SOLE 130,300 Warner Chilcott PLC SHS A G94368100 13,536 600,000 SH SOLE 600,000 Qiagen NV ORD N72482107 14,663 750,000 SH SOLE 750,000 Grand Total 2,164,718