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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
-6.95%
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
$563M
AUM Growth
-$388M
(-41%)
Cap. Flow
-$218M
Cap. Flow
% of AUM
-38.7%
Top 10 Holdings %
Top 10 Hldgs %
71.46%
Holding
75
New
14
Increased
12
Reduced
9
Closed
35
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$36.7M |
| 2 |
Pfizer
PFE
|
+$33.7M |
| 3 |
Crocs
CROX
|
+$33.7M |
| 4 |
HTZWW
Hertz Global Holdings Warrants
HTZWW
|
+$26M |
| 5 |
NVIDIA
NVDA
|
+$18.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
UBS Group
UBS
|
+$56.9M |
| 2 |
Amazon
AMZN
|
+$37.1M |
| 3 |
Arista Networks
ANET
|
+$26M |
| 4 |
Vertiv
VRT
|
+$25.7M |
| 5 |
Kenvue
KVUE
|
+$24.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 24.01% |
| 2 | Energy | 21.04% |
| 3 | Communication Services | 15.1% |
| 4 | Industrials | 10.23% |
| 5 | Consumer Discretionary | 9.41% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Adecoagro
AGRO
$1.69B
| $3.74M | 0.66% |
+319,890
| New | +$3.46M |
|
27
Advanced Micro Devices
AMD
$805B
| $3.52M | 0.62% |
+34,219
| New | +$3.71M |
|
28
Banco Macro
BMA
$4.98B
| $3.41M | 0.61% |
+172,900
| New | +$4.2M |
|
29
AMC Entertainment Holdings
AMC
$2.23B
| $2.73M | 0.49% |
+342,003
| New | +$10.1M |
|
30
PagSeguro Digital
PAGS
$2.74B
| $2.7M | 0.48% |
+313,200
| New | +$2.95M |
|
31
Invesco S&P 500 Equal Weight ETF
RSP
$98.8B
| $2.45M | 0.44% |
17,300
-23,600
| -58% | -$3.53M |
|
32
FormFactor
FORM
$8.04B
| $2.29M | 0.41% |
65,408
| – | – |
|
33
iShares MSCI India ETF
INDA
$6.57B
| $2.05M | 0.36% |
46,460
-23,230
| -33% | -$1.03M |
|
34
Alaunos Therapeutics
TCRT
$3.84M
| $2.04M | 0.36% |
103,079
-1,208
| -1% | -$52K |
|
35
iShares 20+ Year Treasury Bond ETF
TLT
$46.6B
| $2.03M | 0.36% |
+22,850
| New | +$2.2M |
|
36
Freedom 100 Emerging Markets ETF
FRDM
$3.43B
| $1.72M | 0.31% |
60,863
| – | – |
|
37
iShares MSCI Mexico ETF
EWW
$1.73B
| $1.35M | 0.24% |
23,195
| – | – |
|
|
OPRA
38
Opera Ltd
OPRA
$1.63B
| $1.13M | 0.2% |
+100,000
| New | +$1.67M |
|
|
RYZB
39
DELISTED
RayzeBio, Inc. Common Stock
RYZB
| $1.11M | 0.2% |
+50,000
| New | +$1.05M |
|
40
ODDITY Tech
ODD
$868M
| $445K | 0.08% |
+15,704
| New | +$665K |
|
41
Aehr Test Systems
AEHR
$2.72B
| – | – |
-132,579
| Closed | -$5.47M |
|
42
PUT
C3.ai
AI
$1.8B
| – | – |
-170,000
| Closed | -$6.19M |
|
|
43
CALL
Amazon
AMZN
$2.73T
| – | – |
-100,000
| Closed | -$13M |
|
|
44
Amazon
AMZN
$2.73T
| – | – |
-284,612
| Closed | -$37.1M |
|
45
Array Technologies
ARRY
$679M
| – | – |
-258,300
| Closed | -$5.84M |
|
46
Alibaba
BABA
$272B
| – | – |
-164,200
| Closed | -$13.7M |
|
47
Credicorp
BAP
$29.9B
| – | – |
-38,000
| Closed | -$5.61M |
|
|
NXH
48
CALL
Neighborhood Intelligence Inc
NXH
$351M
| – | – |
-165,000
| Closed | -$4.89M |
|
49
Calix
CALX
$2.22B
| – | – |
-99,118
| Closed | -$4.95M |
|
50
Centene
CNC
$34.3B
| – | – |
-230,800
| Closed | -$15.6M |
|
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Discovery Capital Management's Q3 2023 Portfolio in Review
As of Q3 2023, Discovery Capital Management held 75 positions worth $563M, down 41% from $951M the previous quarter. Its ten largest holdings account for 71% of the portfolio.
Discovery Capital Management withdrew a net $218M in Q3 2023, closing 35 positions and reducing 9 holdings. Its most notable exit was UBS Group, an estimated $56.9M position sold in full.
By sector, the portfolio is most concentrated in Technology at 24% of assets, up from 20% a quarter earlier, followed by Energy and Communication Services.
Against the trend, Discovery Capital Management opened a new position in Alphabet (Google) Class A worth $37.1M.
- Discovery Capital Management's largest Q3 2023 buy was Alphabet (Google) Class A: 283,668 shares worth $37.1M.
- Discovery Capital Management added most to Crocs in Q3 2023, an estimated $33.7M increase.
- Discovery Capital Management's biggest Q3 2023 reduction was Arista Networks, cutting an estimated $26M.
- Discovery Capital Management fully exited UBS Group in Q3 2023, selling an estimated $56.9M.
- Discovery Capital Management's ten largest holdings make up 71% of its $563M portfolio in Q3 2023.
- Discovery Capital Management opened 14 new positions and closed 35 in Q3 2023.
- Discovery Capital Management's portfolio value fell 41% quarter-over-quarter to $563M.
Based on Discovery Capital Management's 13F filing for Q3 2023, filed 14 Nov 2023.