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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
+6.75%
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
$1.85B
AUM Growth
+$24.5M
(+1.3%)
Cap. Flow
+$219M
Cap. Flow
% of AUM
11.83%
Top 10 Holdings %
Top 10 Hldgs %
40.35%
Holding
121
New
35
Increased
27
Reduced
20
Closed
33
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amkor Technology
AMKR
|
+$93.1M |
| 2 |
Coherent
COHR
|
+$49.2M |
| 3 |
VNET
VNET Group
VNET
|
+$43.6M |
| 4 |
JBS
JBS N.V.
JBS
|
+$33.8M |
| 5 |
Galicia Financial Group
GGAL
|
+$30M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
GDLC
Grayscale CoinDesk Crypto 5 ETF
GDLC
|
+$66.5M |
| 2 |
Vista Energy
VIST
|
+$40.7M |
| 3 |
Iris Energy
IREN
|
+$40.4M |
| 4 |
Celestica
CLS
|
+$34.7M |
| 5 |
Elevance Health
ELV
|
+$27.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 26.57% |
| 2 | Communication Services | 19.05% |
| 3 | Financials | 18.56% |
| 4 | Materials | 10.97% |
| 5 | Industrials | 7.25% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Amazon
AMZN
$2.99T
| $9.99M | 0.54% |
+43,300
| New | +$9.91M |
|
52
Baidu
BIDU
$38.2B
| $9.9M | 0.54% |
75,800
| – | – |
|
53
Domino's
DPZ
$12.2B
| $9.88M | 0.53% |
+23,700
| New | +$9.88M |
|
54
YPF
YPF
$19.5B
| $9.77M | 0.53% |
+270,100
| New | +$8.96M |
|
55
Adecoagro
AGRO
$1.33B
| $9.54M | 0.52% |
1,203,535
+581,660
| +94% | +$4.57M |
|
56
Agnico Eagle Mines
AEM
$76.3B
| $8.54M | 0.46% |
50,400
-1,600
| -3% | -$269K |
|
57
Snap
SNAP
$9.74B
| $8.29M | 0.45% |
1,027,500
-348,100
| -25% | -$2.75M |
|
58
BBVA Argentina
BBAR
$3.71B
| $8.1M | 0.44% |
+448,100
| New | +$6.43M |
|
59
iShares MSCI Mexico ETF
EWW
$1.98B
| $7.29M | 0.39% |
105,150
-263,400
| -71% | -$17.8M |
|
60
Nu Holdings
NU
$69.2B
| $7.15M | 0.39% |
427,300
-264,200
| -38% | -$4.25M |
|
61
Golar LNG
GLNG
$5.03B
| $7.14M | 0.39% |
191,987
-69,213
| -26% | -$2.65M |
|
62
Brink's
BCO
$4.86B
| $6.89M | 0.37% |
59,006
+12,720
| +27% | +$1.45M |
|
|
KRMN
63
Karman Holdings
KRMN
$7.16B
| $5.49M | 0.3% |
+75,000
| New | +$5.43M |
|
64
James River Group Holdings
JRVR
$213M
| $5.21M | 0.28% |
819,355
| – | – |
|
65
Loar Holdings
LOAR
$7.07B
| $5.1M | 0.28% |
+75,000
| New | +$5.47M |
|
66
nVent Electric
NVT
$26.3B
| $4.53M | 0.25% |
+44,400
| New | +$4.61M |
|
67
Banco Macro
BMA
$5.84B
| $4.42M | 0.24% |
+49,000
| New | +$3.7M |
|
|
LENZ
68
LENZ Therapeutics
LENZ
$158M
| $3.86M | 0.21% |
+241,300
| New | +$7.03M |
|
69
Viking Holdings
VIK
$48B
| $3.57M | 0.19% |
+50,000
| New | +$3.19M |
|
70
Frontline
FRO
$8.68B
| $3.49M | 0.19% |
160,100
-89,900
| -36% | -$2.1M |
|
|
ALH
71
Alliance Laundry Holdings
ALH
$5.55B
| $3.05M | 0.17% |
+150,000
| New | +$3.6M |
|
72
SLM Corp
SLM
$5.24B
| $3.01M | 0.16% |
111,400
-67,700
| -38% | -$1.86M |
|
73
SharkNinja
SN
$23.8B
| $2.8M | 0.15% |
25,000
| – | – |
|
|
GLXY
74
Galaxy Digital Inc
GLXY
$4.24B
| $2.24M | 0.12% |
+100,000
| New | +$3.1M |
|
|
75
Celestica
CLS
$42.7B
| $2.19M | 0.12% |
7,400
-115,121
| -94% | -$34.7M |
|
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Discovery Capital Management's Q4 2025 Portfolio in Review
As of Q4 2025, Discovery Capital Management held 121 positions worth $1.85B, up 1.3% from $1.82B the previous quarter. Its ten largest holdings account for 40% of the portfolio.
Discovery Capital Management deployed $219M of net new capital in Q4 2025, opening 35 new positions and adding to 27 existing holdings. Its largest new stake was Amkor Technology: 2,614,934 shares worth $103M.
By sector, the portfolio is most concentrated in Technology at 27% of assets, up from 9.7% a quarter earlier, followed by Communication Services and Financials.
On the sell side, the largest reduction was Grayscale CoinDesk Crypto 5 ETF, an estimated $66.5M trimmed.
- Discovery Capital Management's largest Q4 2025 buy was Amkor Technology: 2,614,934 shares worth $103M.
- Discovery Capital Management added most to VNET Group in Q4 2025, an estimated $43.6M increase.
- Discovery Capital Management's biggest Q4 2025 reduction was Grayscale CoinDesk Crypto 5 ETF, cutting an estimated $66.5M.
- Discovery Capital Management fully exited Vista Energy in Q4 2025, selling an estimated $40.7M.
- Discovery Capital Management's ten largest holdings make up 40% of its $1.85B portfolio in Q4 2025.
- Discovery Capital Management opened 35 new positions and closed 33 in Q4 2025.
- Discovery Capital Management's portfolio value rose 1.3% quarter-over-quarter to $1.85B.
Based on Discovery Capital Management's 13F filing for Q4 2025, filed 17 Feb 2026.