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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
Cap. Flow
+$219M
Cap. Flow %
11.83%
Top 10 Hldgs %
40.35%
Holding
121
New
35
Increased
27
Reduced
20
Closed
33

Top Buys

Rank Stock Value
1
AMKR icon
Amkor Technology
AMKR
+$93.1M
2
COHR icon
Coherent
COHR
+$49.2M
3
VNET
VNET Group
VNET
+$43.6M
4
JBS
JBS N.V.
JBS
+$33.8M
5
GGAL icon
Galicia Financial Group
GGAL
+$30M

Top Sells

Rank Stock Value
1
GDLC
Grayscale CoinDesk Crypto 5 ETF
GDLC
+$66.5M
2
VIST icon
Vista Energy
VIST
+$40.7M
3
IREN icon
Iris Energy
IREN
+$40.4M
4
CLS icon
Celestica
CLS
+$34.7M
5
ELV icon
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
BE icon
76
Bloom Energy
BE
$69.4B
$2.17M 0.12%
+25,000
New +$2.63M
METCB icon
77
Ramaco Resources Class B
METCB
$418M
$1.48M 0.08%
128,931
+51,729
+67% +$708K
GSIT icon
78
GSI Technology
GSIT
$252M
$1.14M 0.06%
+183,600
New +$1.31M
SPY icon
79
State Street SPDR S&P 500 ETF Trust
SPY
$822B
$1.02M 0.06%
1,500
+1,198
+397% +$810K
HYG icon
80
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.6B
$1.01M 0.05%
+12,566
New +$1.01M
IYR icon
81
iShares US Real Estate ETF
IYR
$4.65B
$944K 0.05%
+10,055
New +$958K
MLPX icon
82
Global X MLP & Energy Infrastructure ETF
MLPX
$3.55B
$744K 0.04%
12,286
+9,081
+283% +$544K
SHY icon
83
iShares 1-3 Year Treasury Bond ETF
SHY
$25.1B
$676K 0.04%
+8,157
New +$676K
IWM icon
84
iShares Russell 2000 ETF
IWM
$82.7B
$608K 0.03%
2,469
-317
-11% -$77.9K
XOP icon
85
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.53B
$406K 0.02%
+3,215
New +$416K
EEM icon
86
iShares MSCI Emerging Markets ETF
EEM
$29.7B
$405K 0.02%
7,405
-7,632
-51% -$415K
IBIT icon
87
iShares Bitcoin Trust
IBIT
$47.8B
$339K 0.02%
6,825
-135,175
-95% -$7.68M
GLD icon
88
SPDR Gold Trust
GLD
$138B
$270K 0.01%
+682
New +$260K
ABX
89
Abacus Global Management
ABX
$1.01B
– –
-275,000
Closed -$1.58M
ATI icon
90
ATI
ATI
$27.8B
– –
-105,100
Closed -$8.55M
BABA icon
91
Alibaba
BABA
$309B
– –
-19,400
Closed -$3.47M
BKR icon
92
Baker Hughes
BKR
$61.1B
– –
-212,700
Closed -$10.4M
CI icon
93
Cigna
CI
$71.3B
– –
-91,100
Closed -$26.3M
CTRN icon
94
Citi Trends
CTRN
$607M
– –
-152,896
Closed -$4.74M
ECH icon
95
iShares MSCI Chile ETF
ECH
$1.05B
– –
-635,200
Closed -$20.9M
ELV icon
96
Elevance Health
ELV
$84.8B
– –
-84,500
Closed -$27.3M
FDX icon
97
FedEx
FDX
$73.7B
– –
-13,000
Closed -$3.07M
GLTR icon
98
abrdn Physical Precious Metals Basket Shares ETF
GLTR
$2.61B
– –
-2,032
Closed -$336K
GOOGL icon
99
Alphabet (Google) Class A
GOOGL
$4.43T
– –
-72,900
Closed -$17.7M
IEF icon
100
iShares 7-10 Year Treasury Bond ETF
IEF
$47.3B
– –
-10,377
Closed -$1M
1 2 3
4
5

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HCL
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RIL
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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.