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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 | |
|---|---|---|---|---|---|---|
51
ATI
ATI
$26.4B
| $8.55M | 0.47% |
+105,100
| New | +$8.52M |
|
|
JBS
52
JBS N.V.
JBS
$44.8B
| $7.17M | 0.39% |
480,200
+62,500
| +15% | +$912K |
|
53
AdvisorShares Pure US Cannabis ETF
MSOS
$874M
| $6.83M | 0.37% |
+1,425,000
| New | +$5.61M |
|
54
Turkcell
TKC
$4.81B
| $6.76M | 0.37% |
1,123,037
+224,906
| +25% | +$1.31M |
|
55
Establishment Labs
ESTA
$2.78B
| $6.36M | 0.35% |
155,275
+90,834
| +141% | +$3.71M |
|
56
Solventum
SOLV
$15.3B
| $5.85M | 0.32% |
+80,200
| New | +$5.88M |
|
57
Frontline
FRO
$8.68B
| $5.7M | 0.31% |
250,000
| – | – |
|
58
Brink's
BCO
$4.76B
| $5.41M | 0.3% |
+46,286
| New | +$4.84M |
|
59
PG&E
PCG
$38.4B
| $5.08M | 0.28% |
+336,700
| New | +$4.91M |
|
60
SLM Corp
SLM
$5.09B
| $4.96M | 0.27% |
179,100
| – | – |
|
61
Adecoagro
AGRO
$1.37B
| $4.88M | 0.27% |
621,875
+350,965
| +130% | +$3.08M |
|
62
Citi Trends
CTRN
$582M
| $4.74M | 0.26% |
152,896
| – | – |
|
63
James River Group Holdings
JRVR
$213M
| $4.55M | 0.25% |
819,355
| – | – |
|
64
Alibaba
BABA
$309B
| $3.47M | 0.19% |
19,400
-136,564
| -88% | -$17.9M |
|
65
FedEx
FDX
$73.2B
| $3.07M | 0.17% |
+13,000
| New | +$3M |
|
66
State Street SPDR S&P Homebuilders ETF
XHB
$1.54B
| $2.96M | 0.16% |
+26,700
| New | +$2.93M |
|
67
Valvoline
VVV
$4.95B
| $2.88M | 0.16% |
80,300
-28,700
| -26% | -$1.1M |
|
68
ACM Research
ACMR
$5.7B
| $2.61M | 0.14% |
+66,600
| New | +$1.98M |
|
69
SharkNinja
SN
$22.7B
| $2.58M | 0.14% |
+25,000
| New | +$2.86M |
|
70
OneMedNet
ONMD
$40.6M
| $2.51M | 0.14% |
2,301,791
| – | – |
|
|
FIGR
71
Figure Technology Solutions
FIGR
$6.11B
| $2M | 0.11% |
+55,000
| New | +$2.14M |
|
|
EPSM
72
Epsium Enterprise
EPSM
$18.3M
| $1.65M | 0.09% |
+154,108
| New | +$3.9M |
|
|
ABX
73
Abacus Global Management
ABX
$1.02B
| $1.58M | 0.09% |
275,000
-20,829
| -7% | -$124K |
|
|
LGN
74
Legence Corp
LGN
$5.11B
| $1.54M | 0.08% |
+50,000
| New | +$1.57M |
|
|
75
Ramaco Resources Class B
METCB
$450M
| $1.25M | 0.07% |
77,202
+36,087
| +88% | +$499K |
|
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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.