DCM

Discovery Capital Management Portfolio holdings

AUM $2.41B Turnover 53.85%
1-Year Est. Return 286.33%
This Fund
S&P 500
This Quarter Est. Return
+69.21%
1 Year Est. Return
+286.33%
3 Year Est. Return
+870.71%
5 Year Est. Return
+1,148.15%
10 Year Est. Return
+8,870.96%
AUM
$2.41B
AUM Growth
+$483M
Cap. Flow
-$174M
Cap. Flow %
-7.23%
Top 10 Hldgs %
49.71%
Holding
130
New
53
Increased
20
Reduced
25
Closed
17
Avg Time Held
0.5 years
Top 10 Avg Time Held
0.3 years
Top 20 Avg Time Held
0.6 years

Top Buys

Rank Stock Value
1
AMC icon
AMC Entertainment Holdings
AMC
+$89.1M
2
CVX icon
Chevron
CVX
+$66.1M
3
TE icon
T1 Energy
TE
+$53.1M
4
BAP icon
Credicorp
BAP
+$44.8M
5
SNDK icon
Sandisk
SNDK
+$34.1M

Top Sells

Rank Stock Value
1
MU icon
Micron Technology
MU
+$206M
2
ON icon
ON Semiconductor
ON
+$128M
3
LRCX icon
Lam Research
LRCX
+$89.1M
4
IREN icon
Iris Energy
IREN
+$86M
5
IFS icon
Intercorp Financial Services
IFS
+$53.1M

Sector Composition

Rank Sector Weight
1 Technology 27.99%
2 Communication Services 17.72%
3 Financials 17.09%
4 Industrials 8.69%
5 Materials 6.06%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
SNDK icon
1
Sandisk
SNDK
$203B
$472M 19.6%
207,587
+23,887
+13% +$34.1M
2026 Q1
1 quarter
BAP icon
2
Credicorp
BAP
$30.5B
$106M 4.4%
271,865
+131,165
+93% +$44.8M
2024 Q3
7 quarters
AMX icon
3
America Movil
AMX
$65.2B
$104M 4.3%
3,988,067
-456,116
-10% -$12M
2023 Q2
12 quarters
AMC icon
4
AMC Entertainment Holdings
AMC
$2.58B
$98.4M 4.09%
+51,799,352
New +$89.1M
2026 Q2
0 quarters
COMP icon
5
Compass
COMP
$6.72B
$92.8M 3.85%
7,526,497
+1,454,200
+24% +$12.1M
2021 Q2
20 quarters
TE icon
6
T1 Energy
TE
$869M
$70.8M 2.94%
+7,465,100
New +$53.1M
2026 Q2
0 quarters
METC icon
7
Ramaco Resources Class A
METC
$532M
$70.3M 2.92%
5,311,360
-200,000
-4% -$2.92M
2024 Q4
6 quarters
JBS icon
8
JBS N.V.
JBS
$42.8B
$64.4M 2.68%
5,436,300
+2,070,900
+62% +$30.3M
2025 Q2
4 quarters
TV icon
9
Televisa
TV
$1.25B
$59.9M 2.49%
22,117,634
-270,307
-1% -$775K
2022 Q4
14 quarters
CVX icon
10
Chevron
CVX
$436B
$58.9M 2.45%
+355,336
New +$66.1M
2026 Q2
0 quarters
CAR icon
11
Avis
CAR
$3.77B
$52.3M 2.17%
353,848
-194,829
-36% -$42.9M
2026 Q1
1 quarter
JPM icon
12
JPMorgan Chase
JPM
$890B
$49.5M 2.06%
151,300
-3,400
-2% -$1.06M
2025 Q2
4 quarters
NU icon
13
Nu Holdings
NU
$72.1B
$47.9M 1.99%
3,587,500
+1,345,800
+60% +$18.1M
2025 Q2
4 quarters
GGAL icon
14
Galicia Financial Group
GGAL
$5.71B
$45.9M 1.91%
917,929
+48,800
+6% +$2.3M
2025 Q4
2 quarters
GENI icon
15
Genius Sports
GENI
$1.64B
$43.8M 1.82%
7,231,145
-223,100
-3% -$1.15M
2023 Q4
10 quarters
APP icon
16
Applovin
APP
$87.7B
$42.8M 1.78%
83,040
+32,400
+64% +$15.6M
2024 Q1
9 quarters
AMZN icon
17
Amazon
AMZN
$2.74T
$42.1M 1.75%
176,435
+52,035
+42% +$13.1M
2025 Q4
2 quarters
CX icon
18
Cemex
CX
$13.7B
$37.9M 1.57%
3,157,800
-316,900
-9% -$3.94M
2024 Q4
6 quarters
GEO icon
19
The GEO Group
GEO
$4.06B
$37.2M 1.54%
1,258,600
-167,300
-12% -$3.79M
2024 Q3
7 quarters
COF icon
20
Capital One
COF
$119B
$34.7M 1.44%
173,210
-95,600
-36% -$18.3M
2025 Q2
4 quarters
PRMB icon
21
Primo Brands
PRMB
$6.8B
$33.7M 1.4%
1,379,400
-20,300
-1% -$450K
2025 Q2
4 quarters
VLO icon
22
Valero Energy
VLO
$132B
$31.1M 1.29%
119,400
+34,400
+40% +$8.47M
2026 Q1
1 quarter
RACE icon
23
Ferrari
RACE
$67.9B
$30.4M 1.26%
+81,583
New +$28.4M
2026 Q2
0 quarters
TTWO icon
24
Take-Two Interactive
TTWO
$37.6B
$28.7M 1.19%
+115,000
New +$25.4M
2026 Q2
0 quarters
PSN icon
25
Parsons
PSN
$4.57B
$27.7M 1.15%
528,600
+29,500
+6% +$1.59M
2024 Q4
6 quarters
1
2 3 4 5

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Discovery Capital Management's Q2 2026 Portfolio in Review

As of Q2 2026, Discovery Capital Management held 130 positions worth $2.41B, up 25% from $1.92B the previous quarter. Its ten largest holdings account for 50% of the portfolio.

Discovery Capital Management withdrew a net $174M in Q2 2026, closing 17 positions and reducing 25 holdings. Its most notable exit was Intercorp Financial Services, an estimated $53.1M position sold in full.

By sector, the portfolio is most concentrated in Technology at 28% of assets, up from 27% a quarter earlier, followed by Communication Services and Financials.

Against the trend, Discovery Capital Management opened a new position in AMC Entertainment Holdings worth $98.4M.

  • Discovery Capital Management's largest Q2 2026 buy was AMC Entertainment Holdings: 51,799,352 shares worth $98.4M.
  • Discovery Capital Management added most to Credicorp in Q2 2026, an estimated $44.8M increase.
  • Discovery Capital Management's biggest Q2 2026 reduction was Micron Technology, cutting an estimated $206M.
  • Discovery Capital Management fully exited Intercorp Financial Services in Q2 2026, selling an estimated $53.1M.
  • Discovery Capital Management's ten largest holdings make up 50% of its $2.41B portfolio in Q2 2026.
  • Discovery Capital Management opened 53 new positions and closed 17 in Q2 2026.
  • Discovery Capital Management's portfolio value rose 25% quarter-over-quarter to $2.41B.

Based on Discovery Capital Management's 13F filing for Q2 2026, filed 14 Aug 2026.