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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
+39.7%
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
$1.28B
AUM Growth
+$443M
(+53%)
Cap. Flow
+$15.4B
Cap. Flow
% of AUM
1,206.42%
Top 10 Holdings %
Top 10 Hldgs %
50.57%
Holding
85
New
29
Increased
23
Reduced
17
Closed
11
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Capital One
COF
|
+$45.1M |
| 2 |
America Movil
AMX
|
+$44M |
| 3 |
JPMorgan Chase
JPM
|
+$42.6M |
| 4 |
QXO
QXO Inc
QXO
|
+$39.1M |
| 5 |
Celestica
CLS
|
+$38.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DFS
Discover Financial Services
DFS
|
+$56.3M |
| 2 |
Galicia Financial Group
GGAL
|
+$29.1M |
| 3 |
VanEck Junior Gold Miners ETF
GDXJ
|
+$24.5M |
| 4 |
Boeing
BA
|
+$15.6M |
| 5 |
Brinker International
EAT
|
+$15M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 30.51% |
| 2 | Financials | 20.83% |
| 3 | Energy | 11.74% |
| 4 | Industrials | 10.92% |
| 5 | Technology | 8.57% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
NBIS
1
Nebius Group N.V.
NBIS
$39.5B
| $100M | 7.85% |
1,814,976
-326,100
| -15% | -$11.2M |
|
|
2
America Movil
AMX
$76.2B
| $95M | 7.43% |
5,293,183
+2,647,699
| +100% | +$44M |
|
3
Genius Sports
GENI
$1.96B
| $71M | 5.55% |
6,824,743
+915,311
| +15% | +$9.15M |
|
4
Iris Energy
IREN
$11.4B
| $60.5M | 4.73% |
4,150,300
+1,476,100
| +55% | +$12M |
|
5
Vista Energy
VIST
$7.36B
| $57.5M | 4.49% |
1,201,817
+73,000
| +6% | +$3.45M |
|
|
6
Celestica
CLS
$38.5B
| $57.1M | 4.46% |
+365,721
| New | +$38.9M |
|
|
AMTM
7
Amentum Holdings
AMTM
$5.46B
| $54.3M | 4.24% |
2,299,130
-331,800
| -13% | -$6.93M |
|
|
8
Capital One
COF
$130B
| $51.4M | 4.02% |
+241,510
| New | +$45.1M |
|
|
QXO
9
QXO Inc
QXO
$14.1B
| $51.3M | 4.01% |
+2,383,838
| New | +$39.1M |
|
|
10
JPMorgan Chase
JPM
$929B
| $48.4M | 3.78% |
+166,900
| New | +$42.6M |
|
11
Televisa
TV
$1.49B
| $39.7M | 3.1% |
18,117,803
+342,872
| +2% | +$672K |
|
12
HDFC Bank
HDB
$122B
| $39.5M | 3.09% |
1,029,800
+515,400
| +100% | +$18.7M |
|
13
Parsons
PSN
$4.02B
| $32.9M | 2.57% |
458,100
+131,100
| +40% | +$8.66M |
|
14
Take-Two Interactive
TTWO
$46.4B
| $32M | 2.5% |
131,807
+15,050
| +13% | +$3.39M |
|
15
Freeport-McMoran
FCX
$85.4B
| $30.1M | 2.36% |
694,800
+361,400
| +108% | +$13.7M |
|
16
The GEO Group
GEO
$4.09B
| $30.1M | 2.35% |
1,257,200
-172,700
| -12% | -$4.72M |
|
17
YPF
YPF
$19.9B
| $27.2M | 2.13% |
+866,000
| New | +$28.9M |
|
18
UnitedHealth
UNH
$386B
| $26.2M | 2.05% |
84,100
+9,680
| +13% | +$3.7M |
|
|
19
Galicia Financial Group
GGAL
$7.77B
| $25.2M | 1.97% |
500,000
-507,805
| -50% | -$29.1M |
|
20
Cemex
CX
$17.1B
| $23.7M | 1.85% |
3,416,200
-71,500
| -2% | -$453K |
|
|
HTZWW
21
Hertz Global Holdings Warrants
HTZWW
$66.4M
| $17.8M | 1.39% |
4,877,432
-1,000,000
| -17% | -$3.38M |
|
|
22
Brinker International
EAT
$8.68B
| $17.8M | 1.39% |
98,711
-95,411
| -49% | -$15M |
|
23
Alibaba
BABA
$275B
| $17.7M | 1.38% |
155,964
+89,964
| +136% | +$10.7M |
|
24
Ramaco Resources Class A
METC
$623M
| $17.2M | 1.35% |
1,310,904
+109,717
| +9% | +$1.05M |
|
25
Meta Platforms (Facebook)
META
$1.49T
| $14.4M | 1.13% |
19,553
+10,050
| +106% | +$6.21M |
|
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Discovery Capital Management's Q2 2025 Portfolio in Review
As of Q2 2025, Discovery Capital Management held 85 positions worth $1.28B, up 53% from $836M the previous quarter. Its ten largest holdings account for 51% of the portfolio.
Discovery Capital Management deployed $15.4B of net new capital in Q2 2025, opening 29 new positions and adding to 23 existing holdings. Its largest new stake was Capital One: 241,510 shares worth $51.4M.
By sector, the portfolio is most concentrated in Communication Services at 31% of assets, up from 28% a quarter earlier, followed by Financials and Energy.
On the sell side, the largest reduction was Galicia Financial Group, an estimated $29.1M trimmed.
- Discovery Capital Management's largest Q2 2025 buy was Capital One: 241,510 shares worth $51.4M.
- Discovery Capital Management added most to America Movil in Q2 2025, an estimated $44M increase.
- Discovery Capital Management's biggest Q2 2025 reduction was Galicia Financial Group, cutting an estimated $29.1M.
- Discovery Capital Management fully exited Discover Financial Services in Q2 2025, selling an estimated $56.3M.
- Discovery Capital Management's ten largest holdings make up 51% of its $1.28B portfolio in Q2 2025.
- Discovery Capital Management opened 29 new positions and closed 11 in Q2 2025.
- Discovery Capital Management's portfolio value rose 53% quarter-over-quarter to $1.28B.
Based on Discovery Capital Management's 13F filing for Q2 2025, filed 14 Aug 2025.