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DCM
Discovery Capital Management Portfolio holdings
AUM
$1.92B
1-Year Est. Return
218.96%
This Fund
S&P 500
This Quarter
Est. Return
-16.03%
1 Year Est. Return
+218.96%
3 Year Est. Return
+556.4%
5 Year Est. Return
+606.07%
10 Year Est. Return
+5,733.18%
AUM
$1.2B
AUM Growth
-$477M
(-28%)
Cap. Flow
-$171M
Cap. Flow
% of AUM
-14.24%
Top 10 Holdings %
Top 10 Hldgs %
56.49%
Holding
66
New
16
Increased
10
Reduced
11
Closed
23
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Caterpillar
CAT
|
+$103M |
| 2 |
StoneCo
STNE
|
+$93.6M |
| 3 |
Petrobras
PBR
|
+$71.4M |
| 4 |
iShares MSCI Brazil ETF
EWZ
|
+$51.2M |
| 5 |
GE Aerospace
GE
|
+$39.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ATVI
Activision Blizzard
ATVI
|
+$122M |
| 2 |
Constellation Brands
STZ
|
+$77.4M |
| 3 |
Ovintiv
OVV
|
+$65.1M |
| 4 |
Meta Platforms (Facebook)
META
|
+$62.6M |
| 5 |
Take-Two Interactive
TTWO
|
+$53.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 17.32% |
| 2 | Energy | 16.12% |
| 3 | Technology | 13.05% |
| 4 | Communication Services | 12.81% |
| 5 | Financials | 7.97% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Banco Macro
BMA
$5.81B
| $18.2M | 1.51% |
411,740
| – | – |
|
|
NBIS
27
Nebius Group N.V.
NBIS
$37.6B
| $15.7M | 1.31% |
+575,099
| New | +$16.9M |
|
28
Diamondback Energy
FANG
$56B
| $15.6M | 1.3% |
168,400
-35,500
| -17% | -$3.97M |
|
29
Amazon
AMZN
$2.44T
| $11M | 0.91% |
146,000
+10,000
| +7% | +$831K |
|
30
Microsoft
MSFT
$2.9T
| $10.6M | 0.88% |
104,748
-20,552
| -16% | -$2.2M |
|
31
Cameco
CCJ
$36.8B
| $10.3M | 0.86% |
+908,200
| New | +$10.5M |
|
32
Alphabet (Google) Class C
GOOG
$4.11T
| $9.81M | 0.82% |
189,400
-162,000
| -46% | -$8.67M |
|
|
33
Take-Two Interactive
TTWO
$46.1B
| $9.22M | 0.77% |
89,605
-461,695
| -84% | -$53.2M |
|
|
34
Constellation Brands
STZ
$22.5B
| $8.7M | 0.72% |
54,118
-389,608
| -88% | -$77.4M |
|
|
SUPV
35
Grupo Supervielle
SUPV
$823M
| $6.32M | 0.53% |
727,913
| – | – |
|
36
Gildan
GIL
$9.49B
| $6.08M | 0.51% |
+200,400
| New | +$6.19M |
|
37
Cardlytics
CDLX
$22.2M
| $4.64M | 0.39% |
42,857
+10,888
| +34% | +$1.84M |
|
38
Teladoc Health
TDOC
$1.66B
| $3.72M | 0.31% |
75,000
| – | – |
|
|
OPRA
39
Opera Ltd
OPRA
$1.68B
| $3.2M | 0.27% |
575,000
| – | – |
|
40
Galicia Financial Group
GGAL
$7.89B
| $2.76M | 0.23% |
100,100
-239,394
| -71% | -$6.08M |
|
41
iShares US Aerospace & Defense ETF
ITA
$14B
| $742K | 0.06% |
8,588
+2,268
| +36% | +$219K |
|
42
VanEck JP Morgan EM Local Currency Bond ETF
EMLC
$4.76B
| $723K | 0.06% |
+21,916
| New | +$716K |
|
43
Applied Optoelectronics
AAOI
$6.14B
| – | – |
-544,985
| Closed | -$13.4M |
|
44
PUT
Apple
AAPL
$4.97T
| – | – |
-1,020,000
| Closed | -$57.6M |
|
45
BJs Wholesale Club
BJ
$12.8B
| – | – |
-450,000
| Closed | -$12.1M |
|
46
Coherent
COHR
$43.4B
| – | – |
-652,828
| Closed | -$30.9M |
|
47
HF Sinclair
DINO
$16.2B
| – | – |
-123,900
| Closed | -$8.66M |
|
48
Delek US
DK
$3.98B
| – | – |
-239,900
| Closed | -$10.2M |
|
49
GrafTech
EAF
$184M
| – | – |
-70,000
| Closed | -$13.7M |
|
50
Elanco Animal Health
ELAN
$13.2B
| – | – |
-125,000
| Closed | -$4.36M |
|
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Discovery Capital Management's Q4 2018 Portfolio in Review
As of Q4 2018, Discovery Capital Management held 66 positions worth $1.2B, down 28% from $1.68B the previous quarter. Its ten largest holdings account for 56% of the portfolio.
Discovery Capital Management withdrew a net $171M in Q4 2018, closing 23 positions and reducing 11 holdings. Its most notable exit was Activision Blizzard, an estimated $122M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 17% of assets, up from 1.5% a quarter earlier, followed by Energy and Technology.
Against the trend, Discovery Capital Management opened a new position in Caterpillar worth $100M.
- Discovery Capital Management's largest Q4 2018 buy was Caterpillar: 787,950 shares worth $100M.
- Discovery Capital Management added most to T-Mobile US in Q4 2018, an estimated $27.1M increase.
- Discovery Capital Management's biggest Q4 2018 reduction was Constellation Brands, cutting an estimated $77.4M.
- Discovery Capital Management fully exited Activision Blizzard in Q4 2018, selling an estimated $122M.
- Discovery Capital Management's ten largest holdings make up 56% of its $1.2B portfolio in Q4 2018.
- Discovery Capital Management opened 16 new positions and closed 23 in Q4 2018.
- Discovery Capital Management's portfolio value fell 28% quarter-over-quarter to $1.2B.
Based on Discovery Capital Management's 13F filing for Q4 2018, filed 14 Feb 2019.