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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
(+25%)
Cap. Flow
-$174M
Cap. Flow
% of AUM
-7.23%
Top 10 Holdings %
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 Entertainment Holdings
AMC
|
+$89.1M |
| 2 |
Chevron
CVX
|
+$66.1M |
| 3 |
T1 Energy
TE
|
+$53.1M |
| 4 |
Credicorp
BAP
|
+$44.8M |
| 5 |
Sandisk
SNDK
|
+$34.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Micron Technology
MU
|
+$206M |
| 2 |
ON Semiconductor
ON
|
+$128M |
| 3 |
Lam Research
LRCX
|
+$89.1M |
| 4 |
Iris Energy
IREN
|
+$86M |
| 5 |
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 | |
|---|---|---|---|---|---|---|---|
26
YPF Sociedad Anonima ADS
YPF
$20.5B
| $27.5M | 1.14% |
604,992
+66,800
| +12% | +$3.13M |
2025 Q4
2 quarters
|
|
27
Goldman Sachs
GS
$256B
| $27.3M | 1.13% |
+27,000
| New | +$26.3M |
2026 Q2
0 quarters
|
|
28
Fiserv Inc
FISV
$24.5B
| $27M | 1.12% |
551,200
+241,600
| +78% | +$13.5M |
2025 Q3
3 quarters
|
|
29
Wolfspeed
WOLF
$1.3B
| $26.5M | 1.1% |
548,375
+123,675
| +29% | +$5.38M |
2026 Q1
1 quarter
|
|
30
LPL Financial
LPLA
$25.5B
| $26.3M | 1.09% |
+93,500
| New | +$28.1M |
2026 Q2
0 quarters
|
|
31
Perpetua Resources
PPTA
$2.17B
| $24.6M | 1.02% |
1,186,700
-120,000
| -9% | -$3.26M |
2025 Q3
3 quarters
|
|
32
Ulta Beauty
ULTA
$25.3B
| $23.5M | 0.97% |
52,000
+5,400
| +12% | +$2.74M |
2026 Q1
1 quarter
|
|
33
BBVA Argentina
BBAR
$2.56B
| $22.9M | 0.95% |
1,166,600
+159,100
| +16% | +$2.68M |
2025 Q4
2 quarters
|
|
34
QXO Inc
QXO
$10.7B
| $21.5M | 0.89% |
1,242,390
-133,700
| -10% | -$2.49M |
2025 Q2
4 quarters
|
|
35
Five Below
FIVE
$12.1B
| $18.5M | 0.77% |
+102,700
| New | +$22.1M |
2026 Q2
0 quarters
|
|
36
Warby Parker
WRBY
$3.08B
| $17.8M | 0.74% |
+587,655
| New | +$14.5M |
2026 Q2
0 quarters
|
|
|
37
ON Semiconductor
ON
$28.6B
| $15.3M | 0.64% |
162,300
-1,247,000
| -88% | -$128M |
2026 Q1
1 quarter
|
|
38
SOLV Energy Inc
MWH
$4.92B
| $14M | 0.58% |
+411,700
| New | +$14.9M |
2026 Q2
0 quarters
|
|
39
Pinterest
PINS
$12.3B
| $14M | 0.58% |
665,969
-106,955
| -14% | -$2.15M |
2024 Q4
6 quarters
|
|
40
Rocket Companies
RKT
$29.8B
| $13.9M | 0.58% |
884,300
| – | – |
2026 Q1
1 quarter
|
|
41
Nextpower Inc. Common Stock
NXT
$12.5B
| $13.9M | 0.58% |
+116,800
| New | +$14.4M |
2026 Q2
0 quarters
|
|
42
Adecoagro
AGRO
$1.48B
| $13.2M | 0.55% |
1,379,217
+105,000
| +8% | +$1.32M |
2023 Q3
11 quarters
|
|
43
Churchill Downs
CHDN
$5.58B
| $12.4M | 0.51% |
138,200
-22,000
| -14% | -$1.97M |
2025 Q4
2 quarters
|
|
44
Zoom
ZM
$27.6B
| $12M | 0.5% |
+139,600
| New | +$13.2M |
2026 Q2
0 quarters
|
|
45
Agnico Eagle Mines
AEM
$89.6B
| $12M | 0.5% |
77,300
+34,000
| +79% | +$6.3M |
2025 Q1
5 quarters
|
|
46
Groupon
GRPN
$722M
| $11.8M | 0.49% |
+491,051
| New | +$8.11M |
2026 Q2
0 quarters
|
|
47
Salesforce
CRM
$194B
| $11.3M | 0.47% |
71,900
+22,400
| +45% | +$3.94M |
2026 Q1
1 quarter
|
|
48
Halliburton
HAL
$27.4B
| $10.3M | 0.43% |
+304,700
| New | +$11.9M |
2026 Q2
0 quarters
|
|
49
Hyperliquid Strategies Inc
PURR
$1.87B
| $10.3M | 0.43% |
+1,314,000
| New | +$9.73M |
2026 Q2
0 quarters
|
|
50
MACOM Technology Solutions
MTSI
$22.2B
| $10.2M | 0.42% |
+26,900
| New | +$8.92M |
2026 Q2
0 quarters
|
|
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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.