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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
+10.2%
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
$10.5B
AUM Growth
-$3.25B
(-24%)
Cap. Flow
-$3.91B
Cap. Flow
% of AUM
-37.34%
Top 10 Holdings %
Top 10 Hldgs %
37.5%
Holding
178
New
45
Increased
21
Reduced
33
Closed
64
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$559M |
| 2 |
State Street Energy Select Sector SPDR ETF
XLE
|
+$466M |
| 3 |
Microsoft
MSFT
|
+$198M |
| 4 |
NAV
Navistar International
NAV
|
+$176M |
| 5 |
iShares MSCI Emerging Markets ETF
EEM
|
+$157M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Las Vegas Sands
LVS
|
+$486M |
| 2 |
eBay
EBAY
|
+$374M |
| 3 |
Nike
NKE
|
+$365M |
| 4 |
SNDK
SANDISK CORP
SNDK
|
+$347M |
| 5 |
Visa
V
|
+$288M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.8% |
| 2 | Financials | 13.44% |
| 3 | Energy | 12.61% |
| 4 | Communication Services | 10.6% |
| 5 | Healthcare | 8.31% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
EMBJ
101
Embraer S.A. ADS
EMBJ
$12B
| $3.28M | 0.03% |
90,000
| – | – |
|
102
Itaú Unibanco
ITUB
$89.8B
| $2.97M | 0.03% |
+514,469
| New | +$3.03M |
|
|
TIME
103
DELISTED
Time Inc.
TIME
| $2.71M | 0.03% |
+111,873
| New | +$2.62M |
|
|
RDA
104
DELISTED
RDA MICROELECTRONICS INC SPONSORED ADR
RDA
| $2.57M | 0.02% |
150,000
| – | – |
|
|
FXEN
105
DELISTED
FX ENERGY INC
FXEN
| $2.46M | 0.02% |
681,691
+81,691
| +14% | +$333K |
|
|
RICE
106
DELISTED
Rice Energy Inc.
RICE
| $2.28M | 0.02% |
75,000
| – | – |
|
107
iShares MSCI Peru and Global Exposure ETF
EPU
$523M
| $1.61M | 0.02% |
+45,200
| New | +$1.55M |
|
108
Essent Group
ESNT
$6.3B
| $1.41M | 0.01% |
70,000
| – | – |
|
|
XUE
109
DELISTED
XUEDA EDUCATION GROUP ADS REPTG 2 ORD SHS
XUE
| $1.2M | 0.01% |
270,380
| – | – |
|
|
HDY
110
DELISTED
HYPERDYNAMICS CORP (NEW)
HDY
| $366K | ﹤0.01% |
112,498
| – | – |
|
111
AbbVie
ABBV
$471B
| – | – |
-2,236,000
| Closed | -$115M |
|
112
Agnico Eagle Mines
AEM
$71.6B
| – | – |
-1,400,000
| Closed | -$42.4M |
|
113
Amgen
AMGN
$211B
| – | – |
-1,281,050
| Closed | -$158M |
|
114
Amazon
AMZN
$2.47T
| – | – |
-13,828,020
| Closed | -$233M |
|
115
Autohome
ATHM
$2.61B
| – | – |
-20,000
| Closed | -$768K |
|
116
Bread Financial
BFH
$4.4B
| – | – |
-240,827
| Closed | -$52.4M |
|
117
Bausch Health
BHC
$1.68B
| – | – |
-1,050,900
| Closed | -$139M |
|
118
Booking.com
BKNG
$156B
| – | – |
-4,744,225
| Closed | -$226M |
|
119
Bloomin' Brands
BLMN
$750M
| – | – |
-1,123,500
| Closed | -$27.1M |
|
120
Avis
CAR
$5.37B
| – | – |
-590,373
| Closed | -$28.8M |
|
121
Chegg
CHGG
$118M
| – | – |
-77,086
| Closed | -$540K |
|
122
Cognizant
CTSH
$26.4B
| – | – |
-2,452,100
| Closed | -$124M |
|
123
eHealth
EHTH
$42.2M
| – | – |
-610,049
| Closed | -$31M |
|
124
Evertec
EVTC
$1.95B
| – | – |
-620,096
| Closed | -$15.3M |
|
125
iShares China Large-Cap ETF
FXI
$4.32B
| – | – |
-560,000
| Closed | -$20M |
|
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Discovery Capital Management's Q2 2014 Portfolio in Review
As of Q2 2014, Discovery Capital Management held 178 positions worth $10.5B, down 24% from $13.7B the previous quarter. Its ten largest holdings account for 37% of the portfolio.
Discovery Capital Management withdrew a net $3.91B in Q2 2014, closing 64 positions and reducing 33 holdings. Its most notable exit was Las Vegas Sands, an estimated $486M position sold in full.
By sector, the portfolio is most concentrated in Technology at 19% of assets, up from 10% a quarter earlier, followed by Financials and Energy.
Against the trend, Discovery Capital Management opened a new position in Apple worth $610M.
- Discovery Capital Management's largest Q2 2014 buy was Apple: 26,264,800 shares worth $610M.
- Discovery Capital Management added most to Canadian Natural Resources in Q2 2014, an estimated $118M increase.
- Discovery Capital Management's biggest Q2 2014 reduction was eBay, cutting an estimated $374M.
- Discovery Capital Management fully exited Las Vegas Sands in Q2 2014, selling an estimated $486M.
- Discovery Capital Management's ten largest holdings make up 37% of its $10.5B portfolio in Q2 2014.
- Discovery Capital Management opened 45 new positions and closed 64 in Q2 2014.
- Discovery Capital Management's portfolio value fell 24% quarter-over-quarter to $10.5B.
Based on Discovery Capital Management's 13F filing for Q2 2014, filed 14 Aug 2014.