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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 | |
|---|---|---|---|---|---|---|
51
Dell
DELL
$340B
| – | – |
-188,868
| Closed | -$10.2M |
|
52
iShares MSCI Brazil ETF
EWZ
$8.59B
| – | – |
-570,800
| Closed | -$18.5M |
|
|
HTZWW
53
CALL
Hertz Global Holdings Warrants
HTZWW
$81.5M
| – | – |
-1,687,275
| Closed | -$17M |
|
54
Humana
HUM
$48.9B
| – | – |
-21,500
| Closed | -$9.61M |
|
55
Intel
INTC
$514B
| – | – |
-596,565
| Closed | -$19.9M |
|
56
PUT
iShares Russell 2000 ETF
IWM
$77.6B
| – | – |
-100,000
| Closed | -$18.7M |
|
|
57
Kenvue
KVUE
$34.4B
| – | – |
-932,800
| Closed | -$24.6M |
|
58
Meta Platforms (Facebook)
META
$1.7T
| – | – |
-43,225
| Closed | -$12.4M |
|
59
Microsoft
MSFT
$3.75T
| – | – |
-18,700
| Closed | -$6.37M |
|
60
CALL
Netflix
NFLX
$334B
| – | – |
-250,000
| Closed | -$11M |
|
|
61
Netflix
NFLX
$334B
| – | – |
-68,350
| Closed | -$3.01M |
|
62
NIO
NIO
$9.2B
| – | – |
-2,237,007
| Closed | -$21.7M |
|
|
63
CALL
NVIDIA
NVDA
$5.09T
| – | – |
-400,000
| Closed | -$16.9M |
|
64
Occidental Petroleum
OXY
$61.8B
| – | – |
-273,541
| Closed | -$16.1M |
|
65
Rambus
RMBS
$8.72B
| – | – |
-64,474
| Closed | -$4.14M |
|
66
RenaissanceRe
RNR
$13.7B
| – | – |
-20,000
| Closed | -$3.73M |
|
67
Target Hospitality
TH
$1.82B
| – | – |
-698,778
| Closed | -$9.38M |
|
68
T-Mobile US
TMUS
$196B
| – | – |
-145,950
| Closed | -$20.3M |
|
69
TSMC
TSM
$2.17T
| – | – |
-85,335
| Closed | -$8.61M |
|
|
70
UBS Group
UBS
$162B
| – | – |
-2,814,800
| Closed | -$56.9M |
|
71
UnitedHealth
UNH
$344B
| – | – |
-22,500
| Closed | -$10.8M |
|
|
VLRS
72
Controladora Vuela Compania de Aviacion
VLRS
$749M
| – | – |
-57,327
| Closed | -$800K |
|
|
73
Vertiv
VRT
$91.4B
| – | – |
-1,038,000
| Closed | -$25.7M |
|
74
XPeng
XPEV
$10.2B
| – | – |
-1,115,800
| Closed | -$15M |
|
75
PUT
Xerox
XRX
$435M
| – | – |
-400,000
| Closed | -$5.96M |
|
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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.