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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
+89.31%
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
$1.82B
AUM Growth
+$545M
(+43%)
Cap. Flow
+$220M
Cap. Flow
% of AUM
12.05%
Top 10 Holdings %
Top 10 Hldgs %
50.45%
Holding
110
New
36
Increased
21
Reduced
21
Closed
24
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
GDLC
Grayscale CoinDesk Crypto 5 ETF
GDLC
|
+$100M |
| 2 |
Ramaco Resources Class A
METC
|
+$96.3M |
| 3 |
ORBS
Eightco Holdings
ORBS
|
+$78.6M |
| 4 |
PRMB
Primo Brands
PRMB
|
+$40.4M |
| 5 |
GDS Holdings
GDS
|
+$37.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NBIS
Nebius Group N.V.
NBIS
|
+$100M |
| 2 |
Celestica
CLS
|
+$49M |
| 3 |
Freeport-McMoran
FCX
|
+$30.1M |
| 4 |
AMTM
Amentum Holdings
AMTM
|
+$28.2M |
| 5 |
YPF
YPF
|
+$27.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 18.7% |
| 2 | Financials | 17.62% |
| 3 | Materials | 13.82% |
| 4 | Consumer Discretionary | 9.78% |
| 5 | Technology | 9.68% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Applovin
APP
$136B
| $21.8M | 1.2% |
30,340
+2,600
| +9% | +$1.2M |
|
27
Cleveland-Cliffs
CLF
$6.4B
| $21.7M | 1.19% |
+1,777,700
| New | +$18.7M |
|
28
Jabil
JBL
$33.4B
| $21.2M | 1.16% |
+97,700
| New | +$21.3M |
|
29
iShares MSCI Chile ETF
ECH
$1.03B
| $20.9M | 1.15% |
635,200
+508,200
| +400% | +$16.2M |
|
30
Compass
COMP
$8.78B
| $18.3M | 1% |
2,273,161
| – | – |
|
31
Alphabet (Google) Class A
GOOGL
$4.57T
| $17.7M | 0.97% |
+72,900
| New | +$15.3M |
|
|
HTZWW
32
Hertz Global Holdings Warrants
HTZWW
$64.3M
| $17.4M | 0.95% |
4,675,405
-202,027
| -4% | -$701K |
|
|
VNET
33
VNET Group
VNET
$2.04B
| $16.7M | 0.91% |
+1,614,500
| New | +$13.6M |
|
34
Credicorp
BAP
$31.4B
| $16.6M | 0.91% |
62,300
-2,000
| -3% | -$495K |
|
35
Datadog
DDOG
$97.4B
| $15.8M | 0.87% |
+111,000
| New | +$15.3M |
|
|
FISV
36
Fiserv Inc
FISV
$29B
| $12.8M | 0.7% |
+99,193
| New | +$14.2M |
|
37
Pinterest
PINS
$13.5B
| $11.4M | 0.63% |
354,500
+89,000
| +34% | +$3.23M |
|
38
Liberty Energy
LBRT
$3.1B
| $11.2M | 0.61% |
+904,200
| New | +$10.5M |
|
39
Nu Holdings
NU
$69.8B
| $11.1M | 0.61% |
691,500
+85,170
| +14% | +$1.19M |
|
|
PPTA
40
Perpetua Resources
PPTA
$2.39B
| $10.6M | 0.58% |
+526,100
| New | +$8.89M |
|
41
Snap
SNAP
$8.48B
| $10.6M | 0.58% |
1,375,600
+133,300
| +11% | +$1.11M |
|
42
Golar LNG
GLNG
$5B
| $10.6M | 0.58% |
261,200
-70,500
| -21% | -$2.91M |
|
43
Baker Hughes
BKR
$60.4B
| $10.4M | 0.57% |
+212,700
| New | +$9.38M |
|
44
Ingersoll Rand
IR
$34.1B
| $10.2M | 0.56% |
+123,000
| New | +$10.1M |
|
45
Baidu
BIDU
$38.3B
| $9.99M | 0.55% |
+75,800
| New | +$7.51M |
|
|
STUB
46
StubHub Holdings
STUB
$3.37B
| $9.99M | 0.55% |
+593,100
| New | +$10.9M |
|
47
iShares Bitcoin Trust
IBIT
$47B
| $9.23M | 0.51% |
+142,000
| New | +$9.24M |
|
|
ECHO
48
EchoStar
ECHO
$24.9B
| $9.08M | 0.5% |
+118,900
| New | +$5.38M |
|
49
Pultegroup
PHM
$24.6B
| $9.01M | 0.49% |
+68,200
| New | +$8.47M |
|
50
Agnico Eagle Mines
AEM
$74.6B
| $8.77M | 0.48% |
52,000
| – | – |
|
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Discovery Capital Management's Q3 2025 Portfolio in Review
As of Q3 2025, Discovery Capital Management held 110 positions worth $1.82B, up 43% from $1.28B the previous quarter. Its ten largest holdings account for 50% of the portfolio.
Discovery Capital Management deployed $220M of net new capital in Q3 2025, opening 36 new positions and adding to 21 existing holdings. Its largest new stake was Grayscale CoinDesk Crypto 5 ETF: 1,810,264 shares worth $101M.
By sector, the portfolio is most concentrated in Communication Services at 19% of assets, down from 31% a quarter earlier, followed by Financials and Materials.
On the sell side, the largest reduction was Celestica, an estimated $49M trimmed.
- Discovery Capital Management's largest Q3 2025 buy was Grayscale CoinDesk Crypto 5 ETF: 1,810,264 shares worth $101M.
- Discovery Capital Management added most to Ramaco Resources Class A in Q3 2025, an estimated $96.3M increase.
- Discovery Capital Management's biggest Q3 2025 reduction was Celestica, cutting an estimated $49M.
- Discovery Capital Management fully exited Nebius Group N.V. in Q3 2025, selling an estimated $100M.
- Discovery Capital Management's ten largest holdings make up 50% of its $1.82B portfolio in Q3 2025.
- Discovery Capital Management opened 36 new positions and closed 24 in Q3 2025.
- Discovery Capital Management's portfolio value rose 43% quarter-over-quarter to $1.82B.
Based on Discovery Capital Management's 13F filing for Q3 2025, filed 14 Nov 2025.