13F-HR 1 q2_2010-13f.txt Q2 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: June 30, 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 08/13/10 ---------------------- ------------------- ---------- [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: 112 -------------- Form 13F Information Table Value Total: $ 2,383,681 (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 ---------------------------- -------------- ---------- ---------- ---------- --- --- -------- -------- ---------- ------ ----- Abraxis Bioscience Inc. COM 00383Y102 9,275 125,000 SH SOLE 125,000 Akamai Technologies Inc. COM 00971T101 64,912 1,600,000 SH SOLE 1,600,000 Akorn Inc. COM 009728106 1,040 350,000 SH SOLE 350,000 Alexion Pharms Inc. COM 015351109 20,450 399,500 SH SOLE 399,500 Allos Therapeutics Inc. COM 019777101 7,663 1,250,000 SH SOLE 1,250,000 Alpha Natural Resources Inc.COM 02076X102 5,081 150,000 SH SOLE 150,000 American Elec Power Co Inc. COM 025537101 8,508 263,400 SH SOLE 263,400 Anadarko Petroleum Corp COM 032511107 7,218 200,000 SH SOLE 200,000 Apache Corp COM 037411105 34,038 404,300 SH SOLE 404,300 Apple Inc. COM 037833100 378,462 1,504,640 SH SOLE 1,504,640 Arch Coal Inc. COM 039380100 5,812 293,400 SH SOLE 293,400 Ardea Biosciences Inc. COM 03969P107 16,448 800,000 SH SOLE 800,000 ArthroCare Corp COM 043136100 11,279 368,000 SH SOLE 368,000 Baidu.com Inc. SPON ADR REP A 056752108 960 14,100 SH SOLE 14,100 Banco Santander Brasil SA ADS REP 1 UNIT 05967A107 4,152 401,919 SH SOLE 401,919 Barrick Gold Corp COM 067901108 15,894 350,000 SH SOLE 350,000 Baxter International Inc. COM 071813109 16,256 400,000 SH SOLE 400,000 Broadcom Corp CL A 111320107 2,512 76,200 SH SOLE 76,200 CMS Energy Corp. NOTE 5.5% 6/15/29 125896BD1 2,320 2,000,000 PRIN SOLE 2,000,000 Calpine Corp COM 131347304 50,329 3,956,678 SH SOLE 3,956,678 Cooper Cameron Corp COM 13342B105 6,504 200,000 SH SOLE 200,000 Cardiovascular Systems Inc. COM 141619106 616 138,389 SH SOLE 138,389 Cavium Networks Inc. COM 14965A101 492 18,800 SH SOLE 18,800 Cemex SA SPON ADR 151290889 9,048 935,688 SH SOLE 935,688 CenterPoint Energy Inc. COM 15189T107 1,974 150,000 SH SOLE 150,000 Chatham Lodging Trust COM 16208T102 894 50,000 SH SOLE 50,000 Chunghwa Telecom Ltd. SPON ADR 17133Q106 3,938 199,998 SH SOLE 199,998 Cimarex Energy Co. COM 171798101 14,316 200,000 SH SOLE 200,000 Cisco Systems, Inc. COM 17275R102 91,740 4,305,000 SH SOLE 4,305,000 Citigroup Inc. COM 172967101 12,566 3,341,900 SH SOLE 3,341,900 Citigroup Inc UNIT 99/99/9999 172967416 57,625 510,000 SH SOLE 510,000 Clearwire Corp CL A 18538Q105 1,820 250,000 SH SOLE 250,000 Companhia Brasileira de DistSPON ADR PFD CL20440T201 4,433 63,759 SH SOLE 63,759 CONSOL Energy Inc. COM 20854P109 4,301 127,409 SH SOLE 127,409 Covanta Holding Corp COM 22282E102 9,977 601,400 SH SOLE 601,400 Cubist Pharms Inc. COM 229678107 8,755 425,000 SH SOLE 425,000 Dendreon Corp COM 24823Q107 3,880 120,000 SH SOLE 120,000 EMC Corp COM 268648102 4,575 250,000 SH SOLE 250,000 EOG Resources Inc. COM 26875P101 90,825 923,300 SH SOLE 923,300 EQT Corp COM 26884L109 30,547 845,245 SH SOLE 845,245 Empire District Electric Co COM 291641108 7,099 378,200 SH SOLE 378,200 Extra Space Storage Inc. COM 30225T102 345 24,800 SH SOLE 24,800 FMC Technologies Inc. COM 30249U101 10,532 200,000 SH SOLE 200,000 FirstEnergy Corp. COM 337932107 7,046 200,000 SH SOLE 200,000 Ford Mtr Co Cap Tr II PFD TR CV6.5% 345395206 53,422 1,210,000 SH SOLE 1,210,000 Green Mtn Coffee Roasters InCOM 393122106 4,860 189,100 SH SOLE 189,100 Grupo Aeroportunario SA SPON ADR SER B 40051E202 1,075 23,600 SH SOLE 23,600 InterOil Corp COM 460951106 4,011 90,327 SH SOLE 90,327 JP Morgan Chase & Co COM 46625H100 109,830 3,000,000 SH SOLE 3,000,000 Kilroy Realty Corp COM 49427F108 609 20,500 SH SOLE 20,500 Kimco Realty Corp COM 49446R109 1,184 88,100 SH SOLE 88,100 King Pharms Inc. COM 495582108 6,072 800,000 SH SOLE 800,000 Kite Realty Group Trust COM 49803T102 237 56,600 SH SOLE 56,600 Lam Research Corp COM 512807108 9,412 247,300 SH SOLE 247,300 Lorillard Inc. COM 544147101 36,991 513,900 SH SOLE 513,900 Lorillard Inc. PUT 544147951 99 1,160 SH PUT SOLE 1,160 MYR Group Inc. COM 55405W104 1,252 75,000 SH SOLE 75,000 Mkt Vectors Gld Miners ETF GOLD MINER ETF 57060U100 20,784 400,000 SH SOLE 400,000 Massey Energy Co COM 576206106 10,738 392,600 SH SOLE 392,600 MasTec Inc. COM 576323109 799 85,000 SH SOLE 85,000 McDonald's Corp COM 580135101 128,150 1,945,500 SH SOLE 1,945,500 Mead Johnson Nutrition Co COM 582839106 24,669 492,200 SH SOLE 492,200 Medicines Co COM 584688105 6,659 875,000 SH SOLE 875,000 Mirant Corp COM 60467R100 1,117 105,798 SH SOLE 105,798 Mosaic Co COM 61945A107 16,902 433,600 SH SOLE 433,600 Mylan Inc. PFD CONV 628530206 80,918 76,742 SH SOLE 76,742 NII Holdings Inc. NOTE 3.125% 6/15/162913FAJ1 46,338 49,100,000 PRIN SOLE 49,100,000 New Oriental Ed&Tech Group ISPON ADR 647581107 9,319 100,000 SH SOLE 100,000 Newfield Exploration Co COM 651290108 55,686 1,139,700 SH SOLE 1,139,700 Newmont Mining Corp COM 651639106 18,522 300,000 SH SOLE 300,000 News Corp CL A 65248E104 897 75,000 SH SOLE 75,000 Onyx Pharms Inc. COM 683399109 29,686 1,375,000 SH SOLE 1,375,000 PPL Corp COM 69351T106 41,779 1,674,500 SH SOLE 1,674,500 Pall Corp COM 696429307 13,746 399,956 SH SOLE 399,956 Palm Inc. COM 696643105 1,138 200,000 SH SOLE 200,000 Patterson-UTI Energy Inc. COM 703481101 201 15,600 SH SOLE 15,600 Peabody Energy Corp COM 704549104 8,282 211,647 SH CALL SOLE 211,647 PerkinElmer Inc. COM 714046109 5,168 250,000 SH SOLE 250,000 Pfizer Inc. COM 717081103 2,888 202,500 SH SOLE 202,500 Pinnacle West Capital Corp COM 723484101 14,010 385,300 SH SOLE 385,300 Plains Expl'n & Prod'n Co COM 726505100 17,417 845,097 SH SOLE 845,097 Plains Expl & Prodtn Co. CALL 726505900 60 2,000 SH CALL SOLE 2,000 Progress Energy Inc. COM 743263105 29,992 764,700 SH SOLE 764,700 Protalix BioTherapeutics IncCOM 74365A101 733 120,000 SH SOLE 120,000 Public Storage Inc. COM 74460D109 958 10,900 SH SOLE 10,900 Quanta Services Inc. COM 74762E102 1,033 50,000 SH SOLE 50,000 Quicksilver Resources Inc. COM 74837R104 29,550 2,686,400 SH SOLE 2,686,400 RRI Energy Inc. COM 74971X107 4,045 1,067,194 SH SOLE 1,067,194 Research In Motion COM 760975102 2,956 60,000 SH SOLE 60,000 SPDR S&P 500 ETF TR PUT 78462F953 4,268 13,080 SH PUT SOLE 13,080 SanDisk Corp COM 80004C101 10,114 240,400 SH SOLE 240,400 SandRidge Energy Inc. COM 80007P307 8,333 1,429,314 SH SOLE 1,429,314 Savient Pharms Inc. COM 80517Q100 7,119 565,000 SH SOLE 565,000 Schlumberger Ltd. COM 806857108 10,609 191,700 SH SOLE 191,700 Semiconductor Hldrs Tr. PUT 816636953 1,102 13,150 SH PUT SOLE 13,150 Sempra Energy COM 816851109 12,376 264,500 SH SOLE 264,500 Skechers USA Inc. CL A 830566105 3,670 100,500 SH SOLE 100,500 Sunoco Inc. COM 86764P109 10,431 300,000 SH SOLE 300,000 Target Corp COM 87612E106 8,644 175,800 SH SOLE 175,800 Tellabs Inc. COM 879664100 1,054 165,000 SH SOLE 165,000 TransCanada Corp COM 89353D107 14,769 440,900 SH SOLE 440,900 UGI Corp COM 902681105 2,544 100,000 SH SOLE 100,000 Viacom Inc. CL B 92553P201 941 30,000 SH SOLE 30,000 VimpelCom Ltd. SPON ADR 92719A106 3,984 246,200 SH SOLE 246,200 Walter Energy Inc. COM 93317Q105 4,187 68,811 SH SOLE 68,811 Wells Fargo & Co COM 949746101 314,880 12,300,000 SH SOLE 12,300,000 Wells Fargo & Co. PERP PFD CNV A 949746804 9,692 10,410 SH SOLE 10,410 Xerox Corp COM 984121103 8,040 1,000,000 SH SOLE 1,000,000 Signet Jewelers Ltd. SHS G81276100 4,011 145,846 SH SOLE 145,846 Warner Chilcott PLC SHS A G94368100 3,999 175,000 SH SOLE 175,000 Noble Corp NAMEN -AKT H5833N103 37,148 1,201,800 SH SOLE 1,201,800 Transocean Ltd. PUT H8817H950 1,115 5,000 SH PUT SOLE 5,000 Grand Total 2,383,681