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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
+6.75%
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
$1.85B
AUM Growth
+$24.5M
(+1.3%)
Cap. Flow
+$219M
Cap. Flow
% of AUM
11.83%
Top 10 Holdings %
Top 10 Hldgs %
40.35%
Holding
121
New
35
Increased
27
Reduced
20
Closed
33
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amkor Technology
AMKR
|
+$93.1M |
| 2 |
Coherent
COHR
|
+$49.2M |
| 3 |
VNET
VNET Group
VNET
|
+$43.6M |
| 4 |
JBS
JBS N.V.
JBS
|
+$33.8M |
| 5 |
Galicia Financial Group
GGAL
|
+$30M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
GDLC
Grayscale CoinDesk Crypto 5 ETF
GDLC
|
+$66.5M |
| 2 |
Vista Energy
VIST
|
+$40.7M |
| 3 |
Iris Energy
IREN
|
+$40.4M |
| 4 |
Celestica
CLS
|
+$34.7M |
| 5 |
Elevance Health
ELV
|
+$27.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 26.57% |
| 2 | Communication Services | 19.05% |
| 3 | Financials | 18.56% |
| 4 | Materials | 10.97% |
| 5 | Industrials | 7.25% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Amkor Technology
AMKR
$11.9B
| $103M | 5.59% |
+2,614,934
| New | +$93.1M |
|
2
Ramaco Resources Class A
METC
$843M
| $99.2M | 5.37% |
5,511,360
+59,000
| +1% | +$1.55M |
|
|
3
Iris Energy
IREN
$12.7B
| $97.6M | 5.28% |
2,583,458
-782,242
| -23% | -$40.4M |
|
4
America Movil
AMX
$69.4B
| $88.7M | 4.8% |
4,291,383
-390,100
| -8% | -$8.58M |
|
5
JPMorgan Chase
JPM
$951B
| $73.2M | 3.96% |
227,200
+56,400
| +33% | +$17.5M |
|
6
Televisa
TV
$1.45B
| $63.5M | 3.44% |
21,819,041
+3,701,238
| +20% | +$10.1M |
|
|
7
Coherent
COHR
$54.7B
| $60.7M | 3.28% |
+328,837
| New | +$49.2M |
|
8
Capital One
COF
$132B
| $56.3M | 3.05% |
232,210
+29,900
| +15% | +$6.66M |
|
|
VNET
9
VNET Group
VNET
$1.86B
| $53.5M | 2.89% |
6,319,100
+4,704,600
| +291% | +$43.6M |
|
10
GDS Holdings
GDS
$6.69B
| $49.8M | 2.7% |
1,428,017
+371,817
| +35% | +$12.9M |
|
11
Genius Sports
GENI
$2.15B
| $45.9M | 2.48% |
4,165,345
-958,098
| -19% | -$10.4M |
|
|
JBS
12
JBS N.V.
JBS
$44.7B
| $42.4M | 2.3% |
2,942,400
+2,462,200
| +513% | +$33.8M |
|
13
Brinker International
EAT
$9.87B
| $35.9M | 1.94% |
250,111
+60,800
| +32% | +$7.96M |
|
14
Cemex
CX
$15.7B
| $35.5M | 1.92% |
3,091,700
-105,800
| -3% | -$1.09M |
|
15
Take-Two Interactive
TTWO
$44B
| $35.1M | 1.9% |
136,907
+8,400
| +7% | +$2.09M |
|
|
16
Galicia Financial Group
GGAL
$6.78B
| $34.6M | 1.87% |
+640,629
| New | +$30M |
|
17
Compass
COMP
$8.42B
| $32.6M | 1.77% |
3,087,561
+814,400
| +36% | +$7.43M |
|
|
PPTA
18
Perpetua Resources
PPTA
$3.14B
| $31.6M | 1.71% |
1,306,700
+780,600
| +148% | +$19.2M |
|
19
Parsons
PSN
$5.23B
| $30.8M | 1.67% |
499,100
+60,900
| +14% | +$4.77M |
|
20
Micron Technology
MU
$1.05T
| $30M | 1.62% |
+105,200
| New | +$24.1M |
|
21
Broadcom
AVGO
$1.75T
| $28.8M | 1.56% |
+83,200
| New | +$29.8M |
|
|
PRMB
22
Primo Brands
PRMB
$8.32B
| $28.4M | 1.54% |
1,736,100
-50,000
| -3% | -$924K |
|
23
Advanced Micro Devices
AMD
$760B
| $28.1M | 1.52% |
+131,400
| New | +$29.5M |
|
24
Meta Platforms (Facebook)
META
$1.47T
| $27.7M | 1.5% |
+42,000
| New | +$28M |
|
25
HDFC Bank
HDB
$119B
| $27.6M | 1.49% |
755,600
| – | – |
|
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Discovery Capital Management's Q4 2025 Portfolio in Review
As of Q4 2025, Discovery Capital Management held 121 positions worth $1.85B, up 1.3% from $1.82B the previous quarter. Its ten largest holdings account for 40% of the portfolio.
Discovery Capital Management deployed $219M of net new capital in Q4 2025, opening 35 new positions and adding to 27 existing holdings. Its largest new stake was Amkor Technology: 2,614,934 shares worth $103M.
By sector, the portfolio is most concentrated in Technology at 27% of assets, up from 9.7% a quarter earlier, followed by Communication Services and Financials.
On the sell side, the largest reduction was Grayscale CoinDesk Crypto 5 ETF, an estimated $66.5M trimmed.
- Discovery Capital Management's largest Q4 2025 buy was Amkor Technology: 2,614,934 shares worth $103M.
- Discovery Capital Management added most to VNET Group in Q4 2025, an estimated $43.6M increase.
- Discovery Capital Management's biggest Q4 2025 reduction was Grayscale CoinDesk Crypto 5 ETF, cutting an estimated $66.5M.
- Discovery Capital Management fully exited Vista Energy in Q4 2025, selling an estimated $40.7M.
- Discovery Capital Management's ten largest holdings make up 40% of its $1.85B portfolio in Q4 2025.
- Discovery Capital Management opened 35 new positions and closed 33 in Q4 2025.
- Discovery Capital Management's portfolio value rose 1.3% quarter-over-quarter to $1.85B.
Based on Discovery Capital Management's 13F filing for Q4 2025, filed 17 Feb 2026.