Discovery Capital Management portfolio
Type not verifiedPortfolio as of Jun 30, 2026 (Q2 2026) · filed with the SEC on Aug 14, 2026 · data updated on Nov 5, 2026 · Q2 2026 13F (filing) ↗ · all its 13F filings ↗
A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions and they may have changed.
Discovery Capital Management reported a $2.4 bn portfolio of 112 companies (113 positions, counting each share class separately) to the SEC as of the end of Q2 2026. Its largest positions are SNDK, BAP, AMX. During the quarter it opened AMC Entertainment Holdings and T1 Energy and exited Intercorp Financial Services and VNET Group.
Sections with a free account
What it reported after the quarter end (Q2 2026)
The 13F shows the portfolio as of Jun 30, 2026. Since then Discovery Capital Management has filed these own trades with the SEC (Form 4, when it owns more than 10% of a company or holds a role in it) and stakes above 5% (13D and 13G). It is not everything it did: only what it must report before the next 13F.
Stake reported in the company · event of Jun 30, 2026 · filed Aug 14, 2026 · filing ↗
What changed this quarter
113 positions with a change (51 new, 21 added to, 24 trimmed, 17 sold); also, 2 entered through an IPO. 12 are listed here: those of 0.5 points of the portfolio or more (up to 12).
- AMC Entertainment Holdings+4.1 ppof portfolioNew— → 4.1%
- Micron Technology−99%fewer sharesReduced4.8% → 0.1%
- On Semiconductor−88%fewer sharesReduced4.5% → 0.6%
- T1 Energy+2.9 ppof portfolioNew— → 2.9%
- Lam Research−98%fewer sharesReduced3.3% → 0.1%
- Iren−90%fewer sharesReduced3.3% → 0.3%
- Chevron+2.4 ppof portfolioNew— → 2.4%
- Sandisk+13%more sharesIncreased6.1% → 19.6%
- Intercorp Financial Services−2.2 ppof portfolioSold out2.8% → —
- Credicorp+93%more sharesIncreased2.5% → 4.4%
- VNET Group−2.1 ppof portfolioSold out2.6% → —
- EchoStar−88%fewer sharesReduced2.5% → 0.2%
The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight: what it bought or sold, excluding price effects.
Top holdings
- SandiskSNDK19.6%
- CredicorpBAP4.4%
- America Movil SAB De Cv/AMX4.3%
- AMC Entertainment HoldingsAMC4.1%
- CompassCOMP3.9%
- T1 EnergyTE2.9%
- Ramaco ResourcesMETC2.9%
- JBSJBS2.7%
- Grupo Televisa, S.A.B.TV2.5%
- ChevronCVX2.4%
- Avis Budget GroupCAR2.2%
- JPMorgan ChaseJPM2.1%
- Nu HoldingsNU2.0%
- Grupo Financiero GaliciaGGAL1.9%
- Genius SportsGENI1.8%
“Since”: first quarter of the current run, unbroken until today. In the details, prices are the quarter-end prices of the quarters in which it added shares, per the 13F. The manager may have bought at any price within each quarter; the SEC only publishes the value at quarter end.
Portfolio by sector
- ● Information Technology 32%
- ● Financials 18%
- ● Communication Services 13%
- ● Consumer Discretionary 9%
- ● Industrials 7%
- ● Materials 6%
- ● Energy 5%
- ● Consumer Staples 5%
- ● Real Estate 4%
- ● No sector 1%
How its portfolio changed (8 quarters)
Q2 2026: 113
Q2 2026: 50%
Q2 2026: 31.3%
Traded turnover: the weight it bought plus the weight it sold in the quarter, divided by two, excluding price moves. The plain “turnover” in the header does include that effect. With a free account: the full history and sectors over time.
Stakes above 5% (13D/13G)
Companies where this filer reported holding 5% or more of the shares. It is the figure from its latest filing on each one; history since December 2024.
How we classify it
Type not verified: we have not assigned a type because we found no document that is enough to tell. Most 13F filers are in this situation: we only review in depth those that meet the portfolio criteria.
Not counted as a concentrated manager: its portfolio is not within 5 to 100 positions. Its portfolio is shown all the same, but it is left out of manager counts, the consensus and the ranking. How this is decided
Managers of a similar size
A 13F portfolio value between a third and three times this one, whatever the type of filer. It is not a comparison of what they hold.
- Blackhill CapitalSingle-position portfolio · $2.4 bn
- Focused InvestorsInvestment firm · $2.4 bn
- Route One InvestmentInvestment firm · $2.4 bn
- Lansdowne Partners (uk) LLPInvestment firm · $2.4 bn
- Forest Avenue Capital ManagementInvestment firm · $2.4 bn
- Integral Health Asset ManagementInvestment firm · $2.4 bn