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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
+89.31%
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
$1.82B
AUM Growth
+$545M
(+43%)
Cap. Flow
+$225M
Cap. Flow
% of AUM
12.32%
Top 10 Holdings %
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 |
Ramaco Resources Class A
METC
|
+$96.3M |
| 3 |
ORBS
Eightco Holdings
ORBS
|
+$78.6M |
| 4 |
PRMB
Primo Brands
PRMB
|
+$40.4M |
| 5 |
GDS Holdings
GDS
|
+$37.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NBIS
Nebius Group N.V.
NBIS
|
+$100M |
| 2 |
Celestica
CLS
|
+$49M |
| 3 |
Freeport-McMoran
FCX
|
+$30.1M |
| 4 |
AMTM
Amentum Holdings
AMTM
|
+$28.2M |
| 5 |
YPF Sociedad Anonima ADS
YPF
|
+$27.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 18.7% |
| 2 | Financials | 17.62% |
| 3 | Materials | 13.82% |
| 4 | Miscellaneous | 10.34% |
| 5 | Consumer Discretionary | 9.78% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Ramaco Resources Class A
METC
$843M
| $181M | 9.92% |
5,452,360
+4,141,456
| +316% | +$96.3M |
|
2
Iris Energy
IREN
$12.7B
| $158M | 8.66% |
3,365,700
-784,600
| -19% | -$19.1M |
|
|
ORBS
3
Eightco Holdings
ORBS
$312M
| $132M | 7.22% |
+14,383,562
| New | +$78.6M |
|
|
GDLC
4
Grayscale CoinDesk Crypto 5 ETF
GDLC
$436M
| $101M | 5.55% |
+1,810,264
| New | +$100M |
|
5
America Movil
AMX
$69.4B
| $98.3M | 5.39% |
4,681,483
-611,700
| -12% | -$11.7M |
|
6
Genius Sports
GENI
$2.15B
| $63.4M | 3.48% |
5,123,443
-1,701,300
| -25% | -$20.4M |
|
7
JPMorgan Chase
JPM
$951B
| $53.9M | 2.95% |
170,800
+3,900
| +2% | +$1.16M |
|
8
Televisa
TV
$1.45B
| $48.7M | 2.67% |
18,117,803
| – | – |
|
9
Capital One
COF
$132B
| $43M | 2.36% |
202,310
-39,200
| -16% | -$8.58M |
|
|
10
GDS Holdings
GDS
$6.69B
| $40.9M | 2.24% |
+1,056,200
| New | +$37.4M |
|
11
Vista Energy
VIST
$7.76B
| $40.7M | 2.23% |
1,184,578
-17,239
| -1% | -$713K |
|
|
PRMB
12
Primo Brands
PRMB
$8.32B
| $39.5M | 2.16% |
1,786,100
+1,561,100
| +694% | +$40.4M |
|
13
Parsons
PSN
$5.23B
| $36.3M | 1.99% |
438,200
-19,900
| -4% | -$1.54M |
|
|
QXO
14
QXO Inc
QXO
$14B
| $35M | 1.92% |
1,835,338
-548,500
| -23% | -$11.4M |
|
15
Take-Two Interactive
TTWO
$44B
| $33.2M | 1.82% |
128,507
-3,300
| -3% | -$781K |
|
|
16
Celestica
CLS
$37.7B
| $30.2M | 1.66% |
122,521
-243,200
| -66% | -$49M |
|
17
Cemex
CX
$15.7B
| $28.7M | 1.58% |
3,197,500
-218,700
| -6% | -$1.87M |
|
18
The GEO Group
GEO
$4.25B
| $27.8M | 1.53% |
1,358,000
+100,800
| +8% | +$2.3M |
|
19
Elevance Health
ELV
$85.5B
| $27.3M | 1.5% |
+84,500
| New | +$26.3M |
|
|
AMTM
20
Amentum Holdings
AMTM
$4.97B
| $27.3M | 1.5% |
1,139,112
-1,160,018
| -50% | -$28.2M |
|
21
Cigna
CI
$73.7B
| $26.3M | 1.44% |
+91,100
| New | +$27M |
|
22
HDFC Bank
HDB
$119B
| $25.8M | 1.42% |
755,600
-274,200
| -27% | -$10.1M |
|
23
iShares MSCI Mexico ETF
EWW
$1.77B
| $25.1M | 1.38% |
368,550
+339,500
| +1,169% | +$21.2M |
|
24
Brinker International
EAT
$9.87B
| $24M | 1.32% |
189,311
+90,600
| +92% | +$14.1M |
|
|
SEI
25
Solaris Energy Infrastructure
SEI
$3.28B
| $22.8M | 1.25% |
+569,200
| New | +$17.8M |
|
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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 $225M 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.