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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
+7.77%
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
$3.23B
AUM Growth
-$962M
(-23%)
Cap. Flow
-$1.14B
Cap. Flow
% of AUM
-35.33%
Top 10 Holdings %
Top 10 Hldgs %
44.79%
Holding
78
New
19
Increased
15
Reduced
18
Closed
26
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
AABA
Altaba Inc
AABA
|
+$122M |
| 2 |
Coherent
COHR
|
+$111M |
| 3 |
ETFC
E*Trade Financial Corporation
ETFC
|
+$89.7M |
| 4 |
Signet Jewelers
SIG
|
+$83.3M |
| 5 |
TWX
Time Warner Inc
TWX
|
+$66.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Charter Communications
CHTR
|
+$222M |
| 2 |
S
Sprint Corporation
S
|
+$214M |
| 3 |
XLNX
Xilinx Inc
XLNX
|
+$173M |
| 4 |
Peabody Energy
BTU
|
+$135M |
| 5 |
Micron Technology
MU
|
+$132M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 19.99% |
| 2 | Energy | 18.88% |
| 3 | Technology | 15.5% |
| 4 | Consumer Discretionary | 7.42% |
| 5 | Communication Services | 6.67% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
CALL
State Street Energy Select Sector SPDR ETF
XLE
$38.3B
| $268M | 8.3% |
+7,424,200
| New | +$256M |
|
|
2
Peabody Energy
BTU
$2.83B
| $196M | 6.06% |
4,976,268
-4,145,277
| -45% | -$135M |
|
3
Advanced Micro Devices
AMD
$741B
| $167M | 5.18% |
16,293,165
-5,587,500
| -26% | -$65.3M |
|
4
Galicia Financial Group
GGAL
$7.9B
| $128M | 3.96% |
1,944,163
+521,936
| +37% | +$29.9M |
|
|
AABA
5
DELISTED
Altaba Inc
AABA
| $122M | 3.79% |
+1,752,193
| New | +$122M |
|
6
Bank of America
BAC
$439B
| $120M | 3.71% |
4,063,844
+446,844
| +12% | +$12.3M |
|
7
Amazon
AMZN
$2.48T
| $118M | 3.64% |
2,013,980
-2,002,680
| -50% | -$110M |
|
|
8
Coherent
COHR
$47.6B
| $116M | 3.6% |
+2,478,535
| New | +$111M |
|
9
Constellation Brands
STZ
$22.5B
| $111M | 3.44% |
485,817
-78,141
| -14% | -$16.9M |
|
10
Meta Platforms (Facebook)
META
$1.51T
| $100M | 3.1% |
567,000
+83,400
| +17% | +$14.7M |
|
|
ETFC
11
DELISTED
E*Trade Financial Corporation
ETFC
| $96.9M | 3% |
+1,955,202
| New | +$89.7M |
|
12
PUT
Invesco QQQ Trust
QQQ
$445B
| $94.5M | 2.92% |
+606,500
| New | +$92.6M |
|
13
EOG Resources
EOG
$74.4B
| $84M | 2.6% |
778,500
+573,500
| +280% | +$57.8M |
|
|
PE
14
DELISTED
PARSLEY ENERGY INC
PE
| $82.9M | 2.57% |
2,816,118
+364,798
| +15% | +$9.74M |
|
|
TIF
15
DELISTED
Tiffany & Co.
TIF
| $79.1M | 2.45% |
760,601
+440,103
| +137% | +$42M |
|
16
SLM Corp
SLM
$4.74B
| $78.4M | 2.43% |
6,936,398
-1,391,267
| -17% | -$15.2M |
|
|
17
Signet Jewelers
SIG
$3.81B
| $77.1M | 2.39% |
+1,363,302
| New | +$83.3M |
|
|
SUPV
18
Grupo Supervielle
SUPV
$842M
| $74.4M | 2.3% |
2,538,073
+159,200
| +7% | +$4.23M |
|
19
IQVIA
IQV
$40B
| $71M | 2.2% |
725,114
-258,387
| -26% | -$26.3M |
|
|
TWX
20
DELISTED
Time Warner Inc
TWX
| $64.5M | 2% |
+705,212
| New | +$66.6M |
|
21
YPF
YPF
$19.5B
| $64M | 1.98% |
2,794,189
+268,277
| +11% | +$6.15M |
|
22
Banco Macro
BMA
$5.81B
| $53.7M | 1.66% |
463,229
+125,061
| +37% | +$14.6M |
|
23
Devon Energy
DVN
$49.2B
| $50.7M | 1.57% |
1,223,485
+1,182,985
| +2,921% | +$44.8M |
|
24
Petrobras
PBR
$116B
| $50.5M | 1.56% |
4,911,722
-7,198,399
| -59% | -$73.6M |
|
25
PUT
iShares MSCI South Africa ETF
EZA
$533M
| $49M | 1.52% |
+700,000
| New | +$43.4M |
|
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Discovery Capital Management's Q4 2017 Portfolio in Review
As of Q4 2017, Discovery Capital Management held 78 positions worth $3.23B, down 23% from $4.19B the previous quarter. Its ten largest holdings account for 45% of the portfolio.
Discovery Capital Management withdrew a net $1.14B in Q4 2017, closing 26 positions and reducing 18 holdings. Its most notable exit was Charter Communications, an estimated $222M position sold in full.
By sector, the portfolio is most concentrated in Financials at 20% of assets, up from 12% a quarter earlier, followed by Energy and Technology.
Against the trend, Discovery Capital Management opened a new position in Altaba Inc worth $122M.
- Discovery Capital Management's largest Q4 2017 buy was Altaba Inc: 1,752,193 shares worth $122M.
- Discovery Capital Management added most to EOG Resources in Q4 2017, an estimated $57.8M increase.
- Discovery Capital Management's biggest Q4 2017 reduction was Peabody Energy, cutting an estimated $135M.
- Discovery Capital Management fully exited Charter Communications in Q4 2017, selling an estimated $222M.
- Discovery Capital Management's ten largest holdings make up 45% of its $3.23B portfolio in Q4 2017.
- Discovery Capital Management opened 19 new positions and closed 26 in Q4 2017.
- Discovery Capital Management's portfolio value fell 23% quarter-over-quarter to $3.23B.
Based on Discovery Capital Management's 13F filing for Q4 2017, filed 14 Feb 2018.