We are live on ! Find out more
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
UNH icon
101
UnitedHealth
UNH
$375B
– –
-84,100
Closed -$26.2M
VNM icon
102
VanEck Vietnam ETF
VNM
$506M
– –
-175,300
Closed -$2.41M
YPF icon
103
YPF
YPF
$19.1B
– –
-866,000
Closed -$27.2M
ALAB icon
104
Astera Labs
ALAB
$54.6B
– –
-40,800
Closed -$3.69M
VIK icon
105
Viking Holdings
VIK
$48.3B
– –
-100,000
Closed -$5.33M
NBIS
106
Nebius Group N.V.
NBIS
$55.6B
– –
-1,814,976
Closed -$100M
EXE
107
Expand Energy Corp
EXE
$21B
– –
-106,000
Closed -$12.4M
CRWV
108
CoreWeave
CRWV
$49B
– –
-76,900
Closed -$12.5M
ASIC
109
Ategrity Specialty Insurance
ASIC
$1.18B
– –
-50,000
Closed -$1.08M
VOYG
110
Voyager Technologies
VOYG
$2.06B
– –
-100,000
Closed -$3.92M
1 2 3 4
5

Similar funds

CC
Clearline Capital New York $1.93B AUM 38.13% 1-Year Est. Return
RCAG
Rehmann Capital Advisory Group Lansing, Michigan $1.92B AUM 16.97% 1-Year Est. Return
HC
Hamilton Capital Columbus, Ohio $1.93B AUM
QOP
Quinn Opportunity Partners Charlottesville, Virginia $1.92B AUM 31.26% 1-Year Est. Return
6CM
683 Capital Management New York $1.92B AUM 85.52% 1-Year Est. Return
HCL
Heard Capital LLC Chicago, Illinois $1.93B AUM 21.66% 1-Year Est. Return
RIL
Rothschild Investment LLC Chicago, Illinois $1.91B AUM 24.37% 1-Year Est. Return
AAA
Affinity Asset Advisors New York $1.94B AUM 374.45% 1-Year Est. Return

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.