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Discovery Capital Management Portfolio holdings
AUM
$2.41B
Turnover
53.85%
1-Year Est. Return
286.33%
This Fund
S&P 500
This Quarter
Est. Return
+69.21%
1 Year Est. Return
+286.33%
3 Year Est. Return
+870.71%
5 Year Est. Return
+1,148.15%
10 Year Est. Return
+8,870.96%
AUM
$2.41B
AUM Growth
+$483M
(+25%)
Cap. Flow
-$174M
Cap. Flow
% of AUM
-7.23%
Top 10 Holdings %
Top 10 Hldgs %
49.71%
Holding
130
New
53
Increased
20
Reduced
25
Closed
17
Avg Time Held
0.5
years
Top 10 Avg Time Held
0.3
years
Top 20 Avg Time Held
0.6
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
AMC Entertainment Holdings
AMC
|
+$89.1M |
| 2 |
Chevron
CVX
|
+$66.1M |
| 3 |
T1 Energy
TE
|
+$53.1M |
| 4 |
Credicorp
BAP
|
+$44.8M |
| 5 |
Sandisk
SNDK
|
+$34.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Micron Technology
MU
|
+$206M |
| 2 |
ON Semiconductor
ON
|
+$128M |
| 3 |
Lam Research
LRCX
|
+$89.1M |
| 4 |
Iris Energy
IREN
|
+$86M |
| 5 |
Intercorp Financial Services
IFS
|
+$53.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 27.99% |
| 2 | Communication Services | 17.72% |
| 3 | Financials | 17.09% |
| 4 | Industrials | 8.69% |
| 5 | Materials | 6.06% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
101
Rambus
RMBS
$9.99B
| $1.32M | 0.05% |
+9,965
| New | +$1.3M |
2026 Q2
0 quarters
|
|
102
iShares US Basic Materials ETF
IYM
$1.35B
| $1.12M | 0.05% |
6,250
-5,400
| -46% | -$989K |
2026 Q1
1 quarter
|
|
103
Ramaco Resources Class B
METCB
$257M
| $1.1M | 0.05% |
132,234
-1
| -0% | -$10 |
2024 Q4
6 quarters
|
|
104
ProPetro Holding
PUMP
$1.01B
| $1.08M | 0.04% |
+75,000
| New | +$1.17M |
2026 Q2
0 quarters
|
|
105
Huya Inc
HUYA
$521M
| $1.07M | 0.04% |
467,300
| – | – |
2026 Q1
1 quarter
|
|
106
iShares US Real Estate ETF
IYR
$4.12B
| $1.03M | 0.04% |
10,055
| – | – |
2025 Q4
2 quarters
|
|
107
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
| $1M | 0.04% |
12,566
| – | – |
2025 Q4
2 quarters
|
|
108
Global X MLP & Energy Infrastructure ETF
MLPX
$3.54B
| $905K | 0.04% |
12,286
| – | – |
2025 Q3
3 quarters
|
|
109
iShares Russell 2000 ETF
IWM
$76.4B
| $742K | 0.03% |
2,469
| – | – |
2025 Q2
4 quarters
|
|
110
iShares MSCI Emerging Markets ETF
EEM
$29.8B
| $507K | 0.02% |
7,405
| – | – |
2024 Q4
6 quarters
|
|
111
SPDR Gold Trust
GLD
$139B
| $251K | 0.01% |
682
| – | – |
2025 Q4
2 quarters
|
|
112
Coinshares Bitcoin ETF
BRRR
$481M
| $227K | 0.01% |
13,700
-34,600
| -72% | -$700K |
2026 Q1
1 quarter
|
|
113
OneMedNet
ONMD
$27.4M
| $79.8K | ﹤0.01% |
11,225
| – | – |
2026 Q1
1 quarter
|
|
114
Alexandria Real Estate Equities
ARE
$7.14B
| – | – |
-100,000
| Closed | -$4.64M | – |
|
115
Cleveland-Cliffs
CLF
$7.18B
| – | – |
-1,447,600
| Closed | -$12.2M | – |
|
116
Golar LNG
GLNG
$4.7B
| – | – |
-266,500
| Closed | -$14.4M | – |
|
117
HDFC Bank
HDB
$116B
| – | – |
-183,000
| Closed | -$4.55M | – |
|
118
iShares Bitcoin Trust
IBIT
$65.7B
| – | – |
-643,725
| Closed | -$24.7M | – |
|
|
119
Intercorp Financial Services
IFS
$6B
| – | – |
-1,057,404
| Closed | -$53.1M | – |
|
120
Cheniere Energy
LNG
$57.8B
| – | – |
-67,400
| Closed | -$19.1M | – |
|
121
NVIDIA
NVDA
$5.34T
| – | – |
-57,200
| Closed | -$9.98M | – |
|
122
Ross Stores
ROST
$73.7B
| – | – |
-71,600
| Closed | -$15.5M | – |
|
123
iShares Semiconductor ETF
SOXX
$43B
| – | – |
-44,200
| Closed | -$14.5M | – |
|
124
Teradyne
TER
$56.2B
| – | – |
-52,000
| Closed | -$15.4M | – |
|
125
VNET Group
VNET
$1.28B
| – | – |
-6,008,300
| Closed | -$50.4M | – |
|
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Discovery Capital Management's Q2 2026 Portfolio in Review
As of Q2 2026, Discovery Capital Management held 130 positions worth $2.41B, up 25% from $1.92B the previous quarter. Its ten largest holdings account for 50% of the portfolio.
Discovery Capital Management withdrew a net $174M in Q2 2026, closing 17 positions and reducing 25 holdings. Its most notable exit was Intercorp Financial Services, an estimated $53.1M position sold in full.
By sector, the portfolio is most concentrated in Technology at 28% of assets, up from 27% a quarter earlier, followed by Communication Services and Financials.
Against the trend, Discovery Capital Management opened a new position in AMC Entertainment Holdings worth $98.4M.
- Discovery Capital Management's largest Q2 2026 buy was AMC Entertainment Holdings: 51,799,352 shares worth $98.4M.
- Discovery Capital Management added most to Credicorp in Q2 2026, an estimated $44.8M increase.
- Discovery Capital Management's biggest Q2 2026 reduction was Micron Technology, cutting an estimated $206M.
- Discovery Capital Management fully exited Intercorp Financial Services in Q2 2026, selling an estimated $53.1M.
- Discovery Capital Management's ten largest holdings make up 50% of its $2.41B portfolio in Q2 2026.
- Discovery Capital Management opened 53 new positions and closed 17 in Q2 2026.
- Discovery Capital Management's portfolio value rose 25% quarter-over-quarter to $2.41B.
Based on Discovery Capital Management's 13F filing for Q2 2026, filed 14 Aug 2026.