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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
Cap. Flow
+$220M
Cap. Flow %
12.05%
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
METC icon
Ramaco Resources Class A
METC
+$96.3M
3
ORBS
Eightco Holdings
ORBS
+$78.6M
4
PRMB
Primo Brands
PRMB
+$40.4M
5
GDS icon
GDS Holdings
GDS
+$37.4M

Top Sells

Rank Stock Value
1
NBIS
Nebius Group N.V.
NBIS
+$100M
2
CLS icon
Celestica
CLS
+$49M
3
FCX icon
Freeport-McMoran
FCX
+$30.1M
4
AMTM
Amentum Holdings
AMTM
+$28.2M
5
YPF icon
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
TIP icon
76
iShares TIPS Bond ETF
TIP
$14.5B
$1M 0.05%
9,001
+1,863
+26% +$206K
IEF icon
77
iShares 7-10 Year Treasury Bond ETF
IEF
$47.3B
$1M 0.05%
10,377
+97
+0.9% +$9.27K
EEM icon
78
iShares MSCI Emerging Markets ETF
EEM
$29.5B
$803K 0.04%
15,037
+116
+0.8% +$5.83K
RGC icon
79
Regencell Bioscience
RGC
$2.9B
$713K 0.04%
+46,166
New +$662K
IWM icon
80
iShares Russell 2000 ETF
IWM
$82.5B
$674K 0.04%
2,786
+2,484
+823% +$570K
GLTR icon
81
abrdn Physical Precious Metals Basket Shares ETF
GLTR
$2.61B
$336K 0.02%
2,032
-346
-15% -$50.6K
USO icon
82
United States Oil Fund
USO
$1.79B
$334K 0.02%
4,526
+58
+1% +$4.35K
XLU icon
83
State Street Utilities Select Sector SPDR ETF
XLU
$22.6B
$333K 0.02%
7,644
-370
-5% -$15.7K
SPY icon
84
State Street SPDR S&P 500 ETF Trust
SPY
$819B
$201K 0.01%
302
-17
-5% -$10.9K
MLPX icon
85
Global X MLP & Energy Infrastructure ETF
MLPX
$3.54B
$201K 0.01%
+3,205
New +$196K
ONEG
86
OneConstruction Group
ONEG
$16.8M
$170K 0.01%
+15,000
New +$138K
AR icon
87
Antero Resources
AR
$10.6B
– –
-287,800
Closed -$11.6M
BMA icon
88
Banco Macro
BMA
$5.73B
– –
-23,400
Closed -$1.64M
CORZ icon
89
Core Scientific
CORZ
$7B
– –
-197,800
Closed -$3.38M
EQT icon
90
EQT Corp
EQT
$32B
– –
-214,000
Closed -$12.5M
FCX icon
91
Freeport-McMoran
FCX
$99.8B
– –
-694,800
Closed -$30.1M
GGAL icon
92
Galicia Financial Group
GGAL
$7.77B
– –
-500,000
Closed -$25.2M
HYG icon
93
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.6B
– –
-4,050
Closed -$327K
IWM icon
94
PUT
iShares Russell 2000 ETF
IWM
$82.5B
– –
-75,526,500
Closed -$350K
META icon
95
Meta Platforms (Facebook)
META
$1.5T
– –
-19,553
Closed -$14.4M
ROOT icon
96
Root
ROOT
$954M
– –
-30,200
Closed -$3.86M
RRC icon
97
Range Resources
RRC
$8.91B
– –
-274,300
Closed -$11.2M
SHY icon
98
iShares 1-3 Year Treasury Bond ETF
SHY
$25.1B
– –
-7,097
Closed -$588K
SPY icon
99
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$819B
– –
-7,500
Closed -$4.63M
TEO icon
100
Telecom Argentina
TEO
$5.93B
– –
-258,500
Closed -$2.28M
1 2 3
4
5

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HCL
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RIL
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AAA
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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.