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DCM
Discovery Capital Management Portfolio holdings
AUM
$2.41B
1-Year Est. Return
286.33%
This Fund
S&P 500
This Quarter
Est. Return
+10.2%
1 Year Est. Return
+286.33%
3 Year Est. Return
+870.71%
5 Year Est. Return
+1,148.14%
10 Year Est. Return
+8,870.95%
AUM
$10.5B
AUM Growth
-$3.25B
(-24%)
Cap. Flow
-$3.56B
Cap. Flow
% of AUM
-34.03%
Top 10 Holdings %
Top 10 Hldgs %
37.5%
Holding
178
New
45
Increased
21
Reduced
33
Closed
64
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$559M |
| 2 |
State Street Energy Select Sector SPDR ETF
XLE
|
+$466M |
| 3 |
Microsoft
MSFT
|
+$198M |
| 4 |
NAV
Navistar International
NAV
|
+$176M |
| 5 |
iShares MSCI Emerging Markets ETF
EEM
|
+$157M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Las Vegas Sands
LVS
|
+$486M |
| 2 |
eBay
EBAY
|
+$374M |
| 3 |
Nike
NKE
|
+$365M |
| 4 |
SNDK
SANDISK CORP
SNDK
|
+$347M |
| 5 |
Visa
V
|
+$288M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.97% |
| 2 | Energy | 14.49% |
| 3 | Miscellaneous | 13.8% |
| 4 | Financials | 13.56% |
| 5 | Communication Services | 10.63% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
YPF Sociedad Anonima ADS
YPF
$22.5B
| $129M | 1.23% |
3,949,555
+1,826,952
| +86% | +$55.9M |
|
|
CMA
27
DELISTED
Comerica
CMA
| $125M | 1.19% |
2,488,100
-1,132,900
| -31% | -$55.3M |
|
28
Halliburton
HAL
$29.7B
| $122M | 1.16% |
+1,716,800
| New | +$110M |
|
29
Western Union
WU
$2.15B
| $121M | 1.16% |
+6,995,733
| New | +$113M |
|
30
American International
AIG
$39.7B
| $121M | 1.16% |
2,219,600
+1,068,600
| +93% | +$56.6M |
|
|
DTV
31
DELISTED
DIRECTV COM STK (DE)
DTV
| $116M | 1.11% |
+1,364,000
| New | +$111M |
|
32
Diamondback Energy
FANG
$59.2B
| $108M | 1.03% |
1,213,712
+558,212
| +85% | +$42.5M |
|
|
AGN
33
DELISTED
Allergan plc
AGN
| $106M | 1.02% |
476,770
+17,570
| +4% | +$3.64M |
|
|
ENDP
34
DELISTED
Endo International plc
ENDP
| $106M | 1.01% |
1,516,150
-166,350
| -10% | -$11.1M |
|
35
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$4.18B
| $106M | 1.01% |
+322,500
| New | +$99.2M |
|
|
GPOR
36
DELISTED
Gulfport Energy Corp.
GPOR
| $105M | 1% |
+1,675,000
| New | +$112M |
|
37
Baidu
BIDU
$30.9B
| $99.9M | 0.95% |
534,600
-1,269,014
| -70% | -$208M |
|
38
MGIC Investment
MTG
$6.13B
| $98M | 0.94% |
10,600,600
| – | – |
|
|
PCP
39
DELISTED
PRECISION CASTPARTS CORP
PCP
| $97.2M | 0.93% |
385,235
-103,265
| -21% | -$26.4M |
|
40
Mastercard
MA
$501B
| $95.1M | 0.91% |
+1,294,000
| New | +$96.1M |
|
41
Vanguard FTSE Emerging Markets ETF
VWO
$125B
| $94.9M | 0.91% |
+2,200,000
| New | +$92.7M |
|
42
Petrobras
PBR
$140B
| $90.4M | 0.86% |
+6,177,000
| New | +$90M |
|
43
Radian Group
RDN
$4.67B
| $88.9M | 0.85% |
6,001,500
+700,000
| +13% | +$10.2M |
|
|
XEC
44
DELISTED
CIMAREX ENERGY CO
XEC
| $86.8M | 0.83% |
+604,800
| New | +$76.9M |
|
45
WisdomTree India Earnings Fund ETF
EPI
$1.95B
| $79.9M | 0.76% |
3,555,000
-200,000
| -5% | -$4.17M |
|
46
Delta Air Lines
DAL
$51.8B
| $78.5M | 0.75% |
+2,026,500
| New | +$76.5M |
|
|
FL
47
DELISTED
Foot Locker
FL
| $69M | 0.66% |
1,359,581
-2,900,650
| -68% | -$139M |
|
|
DFS
48
DELISTED
Discover Financial Services
DFS
| $68M | 0.65% |
+1,096,610
| New | +$64M |
|
49
American Express
AXP
$219B
| $66.1M | 0.63% |
+696,600
| New | +$62.8M |
|
|
TWX
50
DELISTED
Time Warner Inc
TWX
| $62.9M | 0.6% |
+895,000
| New | +$58.8M |
|
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Discovery Capital Management's Q2 2014 Portfolio in Review
As of Q2 2014, Discovery Capital Management held 178 positions worth $10.5B, down 24% from $13.7B the previous quarter. Its ten largest holdings account for 37% of the portfolio.
Discovery Capital Management withdrew a net $3.56B in Q2 2014, closing 64 positions and reducing 33 holdings. Its most notable exit was Las Vegas Sands, an estimated $486M position sold in full.
By sector, the portfolio is most concentrated in Technology at 19% of assets, up from 11% a quarter earlier, followed by Energy and Miscellaneous.
Against the trend, Discovery Capital Management opened a new position in Apple worth $610M.
- Discovery Capital Management's largest Q2 2014 buy was Apple: 26,264,800 shares worth $610M.
- Discovery Capital Management added most to Canadian Natural Resources in Q2 2014, an estimated $118M increase.
- Discovery Capital Management's biggest Q2 2014 reduction was eBay, cutting an estimated $374M.
- Discovery Capital Management fully exited Las Vegas Sands in Q2 2014, selling an estimated $486M.
- Discovery Capital Management's ten largest holdings make up 37% of its $10.5B portfolio in Q2 2014.
- Discovery Capital Management opened 45 new positions and closed 64 in Q2 2014.
- Discovery Capital Management's portfolio value fell 24% quarter-over-quarter to $10.5B.
Based on Discovery Capital Management's 13F filing for Q2 2014, filed 14 Aug 2014.