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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 | |
|---|---|---|---|---|---|---|---|
51
First Solar
FSLR
$19.2B
| $9.82M | 0.41% |
41,600
| – | – |
2026 Q1
1 quarter
|
|
52
Controladora Vuela Compania de Aviacion
VLRS
$683M
| $9.03M | 0.38% |
964,171
| – | – |
2026 Q1
1 quarter
|
|
53
StubHub Holdings
STUB
$2.13B
| $8.98M | 0.37% |
697,807
-262,700
| -27% | -$2.32M |
2025 Q3
3 quarters
|
|
|
54
Iris Energy
IREN
$12B
| $8.29M | 0.34% |
181,200
-1,653,085
| -90% | -$86M |
2024 Q4
6 quarters
|
|
55
Brink's
BCO
$4.2B
| $5.58M | 0.23% |
59,006
| – | – |
2025 Q3
3 quarters
|
|
56
Pampa Energía
PAM
$4.33B
| $5.35M | 0.22% |
+65,200
| New | +$5.43M |
2026 Q2
0 quarters
|
|
57
iShares MSCI Peru and Global Exposure ETF
EPU
$546M
| $5.22M | 0.22% |
+62,500
| New | +$5.2M |
2026 Q2
0 quarters
|
|
58
iShares 1-3 Year Treasury Bond ETF
SHY
$26.8B
| $5.19M | 0.22% |
63,237
+6,580
| +12% | +$541K |
2025 Q4
2 quarters
|
|
59
Hertz Global Holdings Warrants
HTZWW
$72.9M
| $5.1M | 0.21% |
4,675,405
| – | – |
2023 Q3
11 quarters
|
|
60
Karman Holdings
KRMN
$3.99B
| $4.99M | 0.21% |
+100,000
| New | +$6.47M |
2026 Q2
0 quarters
|
|
61
Chubb
CB
$135B
| $4.98M | 0.21% |
+14,612
| New | +$4.77M |
2026 Q2
0 quarters
|
|
62
EchoStar
ECHO
$25.6B
| $4.95M | 0.21% |
48,800
-363,500
| -88% | -$44.4M |
2025 Q3
3 quarters
|
|
63
Jumia Technologies
JMIA
$774M
| $4.92M | 0.2% |
697,226
| – | – |
2026 Q1
1 quarter
|
|
64
James River Group Holdings
JRVR
$170M
| $4.66M | 0.19% |
1,059,155
+239,800
| +29% | +$1.18M |
2023 Q4
10 quarters
|
|
65
Advanced Micro Devices
AMD
$932B
| $4.54M | 0.19% |
+7,817
| New | +$3.2M |
2026 Q2
0 quarters
|
|
66
Digital Realty Trust
DLR
$63.8B
| $4.22M | 0.18% |
+23,500
| New | +$4.5M |
2026 Q2
0 quarters
|
|
67
Alphabet (Google) Class A
GOOGL
$4.25T
| $3.65M | 0.15% |
+10,209
| New | +$3.67M |
2026 Q2
0 quarters
|
|
68
Intuit
INTU
$83B
| $3.6M | 0.15% |
13,800
-7,500
| -35% | -$2.61M |
2026 Q1
1 quarter
|
|
69
Datadog
DDOG
$96.7B
| $3.56M | 0.15% |
+13,680
| New | +$2.54M |
2026 Q2
0 quarters
|
|
70
Marvell Technology
MRVL
$220B
| $3.51M | 0.15% |
+11,796
| New | +$2.37M |
2026 Q2
0 quarters
|
|
71
Palo Alto Networks
PANW
$307B
| $3.47M | 0.14% |
+10,174
| New | +$2.33M |
2026 Q2
0 quarters
|
|
72
Champion Homes
SKY
$4.12B
| $3.15M | 0.13% |
+35,800
| New | +$2.74M |
2026 Q2
0 quarters
|
|
73
Figma
FIG
$11.4B
| $2.86M | 0.12% |
+157,852
| New | +$3.18M |
2026 Q2
0 quarters
|
|
74
Hut 8
HUT
$9.23B
| $2.76M | 0.11% |
+23,900
| New | +$2.32M |
2026 Q2
0 quarters
|
|
75
Eli Lilly
LLY
$1.08T
| $2.72M | 0.11% |
+2,267
| New | +$2.32M |
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.