DISCOVERY CAPITAL MANAGEMENT, LLC / CT
Reported holdings as of Q2 2026, from 31 quarterly filings.
This filer last reported in Q2 2026; the most recent quarter on file across all filers is Q3 2026. Firms that restructure stop filing under one CIK and start under another, so a successor entity may hold these positions now under a similar name.
Holdings
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| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| SANDISK CORP | SNDK | $472.0M | 207,587 | +13.54pp | 2q | +13.0%+$54.3M | |
| CREDICORP LTD | BAP | $105.9M | 271,865 | +1.92pp | 8q | +93.2%+$51.1M | |
| AMERICA MOVIL SAB DE CV | AMX | $103.6M | 3,988,067 | -1.58pp | 13q | -10.3%-$11.9M | |
| AMC ENTMT HLDGS INC | AMC | $98.4M | 51,799,352 | - | new | NEW | |
| COMPASS INC | COMP | $92.8M | 7,526,497 | +1.55pp | 21q | +23.9%+$17.9M | |
| T1 ENERGY INC | TE | $70.8M | 7,465,100 | - | new | NEW | |
| RAMACO RES INC | METC | $70.3M | 5,311,360 | -1.51pp | 7q | -3.6%-$2.6M | |
| JBS N.V. | JBS | $64.4M | 5,436,300 | -0.47pp | 5q | +61.5%+$24.5M | |
| GRUPO TELEVISA S A B | TV | $59.9M | 22,117,634 | -0.90pp | 15q | -1.2%-$732.5K | |
| CHEVRON CORPORATION | CVX | $58.9M | 355,336 | - | new | NEW | |
| AVIS BUDGET GROUP INC | CAR | $52.3M | 353,848 | -1.99pp | 2q | -35.5%-$28.8M | |
| JPMORGAN CHASE & CO | JPM | $49.5M | 151,300 | -0.31pp | 5q | -2.2%-$1.1M | |
| NU HLDGS LTD | NU | $47.9M | 3,587,500 | +0.32pp | 5q | +60.0%+$18.0M | |
| GRUPO FINANCIERO GALICIA S.A | GGAL | $45.9M | 917,929 | -0.20pp | 3q | +5.6%+$2.4M | |
| GENIUS SPORTS LIMITED | GENI | $43.8M | 7,231,145 | +0.10pp | 11q | -3.0%-$1.4M | |
| APPLOVIN CORP | APP | $42.8M | 83,040 | +0.73pp | 10q | +64.0%+$16.7M | |
| AMAZON COM INC | AMZN | $42.1M | 176,435 | +0.40pp | 3q | +41.8%+$12.4M | |
| CEMEX SA EURO MTN BE 144A | CX | $37.9M | 3,157,800 | -0.49pp | 7q | -9.1%-$3.8M | |
| GEO GROUP INC | GEO | $37.2M | 1,258,600 | +0.30pp | 8q | -11.7%-$4.9M | |
| CAPITAL ONE FINL CORP | COF | $34.7M | 173,210 | -1.10pp | 5q | -35.6%-$19.2M | |
| PRIMO BRANDS CORPORATION | PRMB | $33.7M | 1,379,400 | +0.03pp | 5q | -1.5%-$496.1K | |
| VALERO ENERGY CORP | VLO | $31.1M | 119,400 | +0.20pp | 2q | +40.5%+$9.0M | |
| FERRARI N V | RACE | $30.4M | 81,583 | - | new | NEW | |
| TAKE-TWO INTERACTIVE SOFTWAR | TTWO | $28.7M | 115,000 | - | new | NEW | |
| PARSONS CORP DEL | PSN | $27.7M | 528,600 | -0.25pp | 7q | +5.9%+$1.5M | |
| YPF SOCIEDAD ANONIMA | YPF | $27.5M | 604,992 | -0.15pp | 3q | +12.4%+$3.0M | |
| GOLDMAN SACHS GROUP INC | GS | $27.3M | 27,000 | - | new | NEW | |
| FISERV INC | FISV | $27.0M | 551,200 | +0.23pp | 4q | +78.0%+$11.9M | |
| WOLFSPEED INC | WOLF | $26.5M | 548,375 | +0.74pp | 2q | +29.1%+$6.0M | |
| LPL FINL HLDGS INC | LPLA | $26.3M | 93,500 | - | new | NEW | |
| PERPETUA RESOURCES CORP | PPTA | $24.6M | 1,186,700 | -0.89pp | 4q | -9.2%-$2.5M | |
| ULTA BEAUTY INC | ULTA | $23.5M | 52,000 | -0.29pp | 2q | +11.6%+$2.4M | |
| BANCO BBVA ARGENTINA S A | BBAR | $22.9M | 1,166,600 | +0.11pp | 3q | +15.8%+$3.1M | |
| QXO INC | QXO | $21.5M | 1,242,390 | -0.50pp | 5q | -9.7%-$2.3M | |
| FIVE BELOW INC | FIVE | $18.5M | 102,700 | - | new | NEW | |
| WARBY PARKER INC | WRBY | $17.8M | 587,655 | - | new | NEW | |
| ON SEMICONDUCTOR CORP | ON | $15.3M | 162,300 | -3.90pp | 2q | -88.5%-$117.9M | |
| SOLV ENERGY INC | MWH | $14.0M | 411,700 | - | new | NEW | |
| PINTEREST INC | PINS | $14.0M | 665,969 | -0.15pp | 7q | -13.8%-$2.2M | |
| ROCKET COS INC | RKT | $13.9M | 884,300 | -0.08pp | 2q | HELD | |
| NEXTPOWER INC | NXT | $13.9M | 116,800 | - | new | NEW | |
| ADECOAGRO S A | AGRO | $13.2M | 1,379,217 | -0.45pp | 12q | +8.2%+$1.0M | |
| CHURCHILL DOWNS INC | CHDN | $12.4M | 138,200 | -0.23pp | 3q | -13.7%-$2.0M | |
| ZOOM COMMUNICATIONS INC | ZM | $12.0M | 139,600 | - | new | NEW | |
| AGNICO EAGLE MINES LTD | AEM | $12.0M | 77,300 | +0.04pp | 6q | +78.5%+$5.3M | |
| GROUPON INC | GRPN | $11.8M | 491,051 | - | new | NEW | |
| SALESFORCE INC | CRM | $11.3M | 71,900 | -0.01pp | 2q | +45.3%+$3.5M | |
| HALLIBURTON CO | HAL | $10.3M | 304,700 | - | new | NEW | |
| HYPERLIQUID STRATEGIES INC | PURR | $10.3M | 1,314,000 | - | new | NEW | |
| MACOM TECH SOLUTIONS HLDGS I | MTSI | $10.2M | 26,900 | - | new | NEW | |
| FIRST SOLAR INC | FSLR | $9.8M | 41,600 | -0.02pp | 2q | HELD | |
| CONTROLADORA VUELA COMP DE A | VLRS | $9.0M | 964,171 | +0.01pp | 2q | HELD | |
| STUBHUB HLDGS INC | STUB | $9.0M | 697,807 | +0.06pp | 4q | -27.4%-$3.4M | |
| IREN LIMITED | IREN | $8.3M | 181,200 | -2.92pp | 7q | -90.1%-$75.6M | |
| BRINKS CO | BCO | $5.6M | 59,006 | -0.09pp | 4q | HELD | |
| PAMPA ENERGIA S A | PAM | $5.4M | 65,200 | - | new | NEW | |
| ISHARES TR | EPU | $5.2M | 62,500 | - | new | NEW | |
| ISHARES TR | SHY | $5.2M | 63,237 | -0.03pp | 3q | +11.6%+$540.3K | |
| HERTZ GLOBAL HLDGS INC | HTZWW | $5.1M | 4,675,405 | -0.34pp | 19q | HELD | |
| KARMAN HLDGS INC | KRMN | $5.0M | 100,000 | - | new | NEW | |
| CHUBB LIMITED | CB | $5.0M | 14,612 | - | new | NEW | |
| ECHOSTAR CORP | ECHO | $5.0M | 48,800 | -2.30pp | 4q | -88.2%-$36.9M | |
| JUMIA TECHNOLOGIES AG | JMIA | $4.9M | 697,226 | -0.05pp | 2q | HELD | |
| JAMES RIV GROUP HOLDINGS INC | JRVR | $4.7M | 1,059,155 | -0.07pp | 3q | +29.3%+$1.1M | |
| ADVANCED MICRO DEVICES INC | AMD | $4.5M | 7,817 | - | new | NEW | |
| DIGITAL RLTY TR INC | DLR | $4.2M | 23,500 | - | new | NEW | |
| ALPHABET INC | GOOGL | $3.6M | 10,209 | - | new | NEW | |
| INTUIT | INTU | $3.6M | 13,800 | -0.33pp | 2q | -35.2%-$2.0M | |
| DATADOG INC | DDOG | $3.6M | 13,680 | - | new | NEW | |
| MARVELL TECHNOLOGY INC | MRVL | $3.5M | 11,796 | - | new | NEW | |
| PALO ALTO NETWORKS INC | PANW | $3.5M | 10,174 | - | new | NEW | |
| CHAMPION HOMES INC | SKY | $3.2M | 35,800 | - | new | NEW | |
| FIGMA INC | FIG | $2.9M | 157,852 | - | new | NEW | |
| HUT 8 CORP | HUT | $2.8M | 23,900 | - | new | NEW | |
| ELI LILLY & CO | LLY | $2.7M | 2,267 | - | new | NEW | |
| CLOUDFLARE INC | NET | $2.7M | 10,932 | - | new | NEW | |
| RUBRIK INC. | RBRK | $2.7M | 33,169 | - | new | NEW | |
| OUSTER INC | OUST | $2.5M | 40,674 | - | new | NEW | |
| VERTIV HOLDINGS CO | VRT | $2.5M | 7,589 | - | new | NEW | |
| SNOWFLAKE INC | SNOW | $2.5M | 9,732 | - | new | NEW | |
| REDDIT INC | RDDT | $2.4M | 13,982 | - | new | NEW | |
| ROBLOX CORP | RBLX | $2.4M | 43,792 | - | new | NEW | |
| BANK OF NY MELLON CORP | BNY | $2.4M | 16,432 | - | new | NEW | |
| SERVICETITAN INC | TTAN | $2.3M | 32,910 | - | new | NEW | |
| BITWISE HYPERLIQUID ETF | BHYP | $2.3M | 63,000 | - | new | NEW | |
| COMPASS PATHWAYS PLC | CMPS | $2.1M | 150,000 | +0.04pp | 2q | -16.5%-$420.5K | |
| ARISTA NETWORKS INC | ANET | $2.1M | 12,307 | - | new | NEW | |
| ISHARES INC | EWW | $2.0M | 26,700 | - | new | NEW | |
| BANCO MACRO SA | BMA | $2.0M | 21,400 | - | new | NEW | |
| LAM RESEARCH CORP | LRCX | $2.0M | 4,568 | -3.23pp | 3q | -98.5%-$127.2M | |
| CIENA CORP | CIEN | $2.0M | 4,009 | - | new | NEW | |
| PROLOGIS INC. | PLD | $1.8M | 13,186 | - | new | NEW | |
| CIPHER DIGITAL INC | CIFR | $1.7M | 70,819 | - | new | NEW | |
| MICRON TECHNOLOGY INC | MU | $1.7M | 1,498 | -4.77pp | 3q | -99.5%-$316.9M | |
| SPDR SERIES TRUST | XHB | $1.6M | 14,100 | - | new | NEW | |
| TERAWULF INC | WULF | $1.6M | 64,515 | - | new | NEW | |
| QUALCOMM INC | QCOM | $1.6M | 8,593 | - | new | NEW | |
| COHERENT CORP | COHR | $1.5M | 3,881 | - | new | NEW | |
| 21SHARES HYPERLIQUID ETF | THYP | $1.5M | 39,200 | - | new | NEW | |
| LENZ THERAPEUTICS INC | LENZ | $1.4M | 241,300 | -0.06pp | 3q | HELD | |
| RAMBUS INC DEL | RMBS | $1.3M | 9,965 | - | new | NEW | |
| ISHARES TR | IYM | $1.1M | 6,250 | -0.06pp | 2q | -46.4%-$969.5K | |
| RAMACO RES INC | METCB | $1.1M | 128,930 | -0.02pp | 7q | +1.2%+$13.0K | |
| PROPETRO HLDG CORP | PUMP | $1.1M | 75,000 | - | new | NEW | |
| HUYA INC | HUYA | $1.1M | 467,300 | -0.04pp | 2q | HELD | |
| ISHARES TR | IYR | $1.0M | 10,055 | -0.01pp | 3q | HELD | |
| ISHARES TR | HYG | $1.0M | 12,566 | -0.01pp | 3q | HELD | |
| GLOBAL X FDS | MLPX | $905.0K | 12,286 | -0.01pp | 4q | HELD | |
| ISHARES TR | IWM | $741.8K | 2,469 | flat | 5q | HELD | |
| ISHARES TR | EEM | $506.6K | 7,405 | flat | 7q | HELD | |
| SPDR GOLD TR | GLD | $251.2K | 682 | flat | 3q | HELD | |
| COINSHARES BITCOIN ETF | BRRR | $226.7K | 13,700 | -0.04pp | 2q | -71.6%-$572.6K | |
| ONEMEDNET CORP | ONMD | $79.8K | 112,252 | flat | 2q | HELD |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Computer Hardware | $477.6M | 19.8% |
| Banks & Lending | $349.9M | 14.5% |
| Telecom & Media | $332.2M | 13.8% |
| Software & IT Services | $166.2M | 6.9% |
| Semiconductors & Electronics | $163.7M | 6.8% |
| Energy | $128.9M | 5.4% |
| Mining & Metals | $108.0M | 4.5% |
| Real Estate | $98.8M | 4.1% |
| Food, Drink & Tobacco | $98.1M | 4.1% |
| Business Services | $96.3M | 4.0% |
| Construction & Building | $92.3M | 3.8% |
| Retail & Consumer | $88.9M | 3.7% |
| Other sectors | $183.9M | 7.6% |
| Not classified | $23.2M | 1.0% |
What the disclosed book did
This is not the fund's return. A 13F shows long US equity positions only, so shorts, bonds, foreign listings, private holdings and cash are all invisible here. What this measures is the quarter's change in value of the positions this manager disclosed, had they been left untouched - the return a reader following the filing would have earned.
| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +38.4% | +14.8% | +23.6% | 100% |
| Q1 2026 | -3.3% | -4.6% | +1.3% | 100% |
| Q4 2025 | -11.6% | +2.4% | -13.9% | 100% |
| Q3 2025 | +25.6% | +7.8% | +17.8% | 100% |
| Q2 2025 | +19.5% | +10.5% | +9.1% | 100% |
| Q1 2025 | -6.3% | -4.6% | -1.7% | 100% |
| Q4 2024 | +14.9% | +2.1% | +12.7% | 100% |
| Q3 2024 | +5.0% | +5.4% | -0.4% | 100% |
Market is SPY over the same two quarter ends, priced the same way as everything else here - the median across every filer reporting it. It is a large-cap US proxy, so a manager holding small caps or biotech will beat or trail it for reasons that are not skill. Prices are quarter-end to quarter-end and say nothing about the path in between, or about trades opened and closed inside a quarter.
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $2.4B | 113 | 53 | 21 | 24 | 17 | 49.7% | 45 |
| Q1 2026 | $1.9B | 77 | 27 | 26 | 8 | 38 | 43.0% | 45 |
| Q4 2025 | $1.8B | 88 | 36 | 27 | 20 | 34 | 40.4% | 48 |
| Q3 2025 | $1.8B | 86 | 36 | 22 | 20 | 22 | 50.4% | 45 |
| Q2 2025 | $1.3B | 72 | 27 | 23 | 17 | 11 | 50.6% | 45 |
| Q1 2025 | $835.9M | 56 | 17 | 20 | 12 | 39 | 55.7% | 45 |
| Q4 2024 | $1.5B | 78 | 37 | 17 | 16 | 18 | 44.1% | 43 |
| Q3 2024 | $819.5M | 59 | 27 | 15 | 7 | 20 | 53.6% | 44 |
| Q2 2024 | $778.7M | 52 | 18 | 14 | 14 | 19 | 56.2% | 44 |
| Q1 2024 | $759.7M | 53 | 25 | 13 | 12 | 21 | 63.4% | 45 |
| Q4 2023 | $661.2M | 49 | 23 | 14 | 8 | 13 | 57.3% | 45 |
| Q3 2023 | $563.2M | 39 | 12 | 12 | 8 | 30 | 71.5% | 45 |
| Q2 2023 | $950.8M | 57 | 32 | 9 | 12 | 26 | 53.1% | 45 |
| Q1 2023 | $879.6M | 51 | 29 | 11 | 8 | 26 | 63.0% | 45 |
| Q4 2022 | $686.3M | 48 | 24 | 9 | 12 | 23 | 63.3% | 45 |
| Q3 2022 | $669.4M | 47 | 19 | 10 | 11 | 28 | 67.8% | 45 |
| Q2 2022 | $776.0M | 56 | 21 | 12 | 19 | 34 | 63.8% | 46 |
| Q1 2022 | $1.2B | 69 | 38 | 12 | 12 | 36 | 63.0% | 46 |
| Q4 2021 | $1.3B | 67 | 35 | 12 | 14 | 35 | 62.4% | 45 |
| Q3 2021 | $1.3B | 67 | 29 | 16 | 15 | 21 | 66.8% | 46 |
| Q2 2021 | $1.5B | 59 | 19 | 22 | 15 | 21 | 71.8% | 47 |
| Q1 2021 | $746.2M | 61 | 32 | 13 | 12 | 23 | 56.2% | 47 |
| Q4 2020 | $811.1M | 52 | 22 | 11 | 14 | 28 | 60.4% | 47 |
| Q3 2020 | $652.4M | 58 | 27 | 13 | 15 | 23 | 51.8% | 47 |
| Q2 2020 | $550.6M | 54 | 34 | 9 | 10 | 11 | 59.5% | 45 |
| Q1 2020 | $363.6M | 31 | 20 | 4 | 5 | 11 | 70.2% | 45 |
| Q4 2019 | $314.9M | 22 | 7 | 5 | 9 | 13 | 76.8% | 45 |
| Q3 2019 | $597.5M | 28 | 16 | 4 | 6 | 23 | 75.0% | 45 |
| Q2 2019 | $1.0B | 35 | 19 | 6 | 9 | 16 | 66.6% | 45 |
| Q1 2019 | $960.3M | 32 | 12 | 9 | 11 | 21 | 71.0% | 45 |
| Q4 2018 | $1.2B | 41 | 0 | 0 | 0 | 0 | 58.2% | 45 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.