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DCM

Discovery Capital Management Portfolio holdings

AUM $2.41B
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
+1,148.14%
10 Year Est. Return
+8,870.95%
AUM
$2.41B
AUM Growth
+$483M
Cap. Flow
-$174M
Cap. Flow %
-7.23%
Top 10 Hldgs %
49.71%
Holding
130
New
53
Increased
20
Reduced
25
Closed
17

Top Buys

Rank Stock Value
1
AMC icon
AMC Entertainment Holdings
AMC
+$89.1M
2
CVX icon
Chevron
CVX
+$66.1M
3
TE
T1 Energy
TE
+$53.1M
4
BAP icon
Credicorp
BAP
+$44.8M
5
SNDK
Sandisk
SNDK
+$34.1M

Top Sells

Rank Stock Value
1
MU icon
Micron Technology
MU
+$206M
2
ON icon
ON Semiconductor
ON
+$128M
3
LRCX icon
Lam Research
LRCX
+$89.1M
4
IREN icon
Iris Energy
IREN
+$86M
5
IFS icon
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
RMBS icon
101
Rambus
RMBS
$9.3B
$1.32M 0.05%
+9,965
New +$1.3M
IYM icon
102
iShares US Basic Materials ETF
IYM
$1.03B
$1.12M 0.05%
6,250
-5,400
-46% -$989K
METCB icon
103
Ramaco Resources Class B
METCB
$467M
$1.1M 0.05%
128,930
-1
-0% -$10
PUMP icon
104
ProPetro Holding
PUMP
$1.35B
$1.08M 0.04%
+75,000
New +$1.17M
HUYA
105
Huya Inc
HUYA
$498M
$1.07M 0.04%
467,300
– –
IYR icon
106
iShares US Real Estate ETF
IYR
$4.58B
$1.03M 0.04%
10,055
– –
HYG icon
107
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.6B
$1M 0.04%
12,566
– –
MLPX icon
108
Global X MLP & Energy Infrastructure ETF
MLPX
$3.63B
$905K 0.04%
12,286
– –
IWM icon
109
iShares Russell 2000 ETF
IWM
$80.8B
$742K 0.03%
2,469
– –
EEM icon
110
iShares MSCI Emerging Markets ETF
EEM
$31.2B
$507K 0.02%
7,405
– –
GLD icon
111
SPDR Gold Trust
GLD
$149B
$251K 0.01%
682
– –
BRRR icon
112
Coinshares Bitcoin ETF
BRRR
$457M
$227K 0.01%
13,700
-34,600
-72% -$700K
ONMD icon
113
OneMedNet
ONMD
$34.4M
$79.8K ﹤0.01%
112,252
– –
ARE icon
114
Alexandria Real Estate Equities
ARE
$8.87B
– –
-100,000
Closed -$4.64M
CLF icon
115
Cleveland-Cliffs
CLF
$6.63B
– –
-1,447,600
Closed -$12.2M
GLNG icon
116
Golar LNG
GLNG
$5.13B
– –
-266,500
Closed -$14.4M
HDB icon
117
HDFC Bank
HDB
$119B
– –
-183,000
Closed -$4.55M
IBIT icon
118
iShares Bitcoin Trust
IBIT
$58.6B
– –
-643,725
Closed -$24.7M
IFS icon
119
Intercorp Financial Services
IFS
$6.03B
– –
-1,057,404
Closed -$53.1M
LNG icon
120
Cheniere Energy
LNG
$58.3B
– –
-67,400
Closed -$19.1M
NVDA icon
121
NVIDIA
NVDA
$5.25T
– –
-57,200
Closed -$9.98M
ROST icon
122
Ross Stores
ROST
$73.3B
– –
-71,600
Closed -$15.5M
SOXX icon
123
iShares Semiconductor ETF
SOXX
$41.5B
– –
-44,200
Closed -$14.5M
TER icon
124
Teradyne
TER
$55.5B
– –
-52,000
Closed -$15.4M
VNET
125
VNET Group
VNET
$1.86B
– –
-6,008,300
Closed -$50.4M
2 3 4
5
6

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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.