WhaleCreep

Discovery Capital Management, LLC 13F holdings, Q2 2026

Hedge fundSEC filingsCompare with another fundHoldings as of 2026-06-30, filed 2026-08-14

Discovery Capital Management, LLC disclosed 113 US equity positions worth $2.4bn in its Q2 2026 13F filing. Its largest position is SNDK at 19.6% of the reported book, followed by BAP and AMX. Versus Q1 2026 it opened 53 new positions, added to 21, reduced 24 and exited 17.

$2.4bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
113
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
19.6%
Largest position
The largest single position as a share of the reported equity book.
49.7%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
18
Effective positions
1 / HHI of portfolio weights: the number of equal-weight positions the book behaves like.
79
Quarters on file since Q4 2006
Quarters for which this manager's 13F holdings are on record.

Holdings

Against Q1 2026: 53 new, 21 added, 24 reduced, 17 exited

50 of 113
SNDK SANDISK CORPTechnology19.6%$472m207,587+13%added
BAP CREDICORP LTDFinancial Services4.4%$106m271,865+93%added
AMX AMERICA MOVIL SAB DE CVCommunication Services4.3%$104m3.99m−10%reduced
AMC AMC ENTMT HLDGS INCCommunication Services4.1%$98.4m51.80m–new
COMP COMPASS INCReal Estate3.9%$92.8m7.53m+24%added
TE T1 ENERGY INCIndustrials2.9%$70.8m7.47m–new
METC RAMACO RES INCBasic Materials2.9%$70.3m5.31m−3.6%reduced
JBS JBS N.V.Consumer Defensive2.7%$64.4m5.44m+62%added
TV GRUPO TELEVISA S A BCommunication Services2.5%$59.9m22.12m−1.2%reduced
CVX CHEVRON CORPORATIONEnergy2.4%$58.9m355,336–new
CAR AVIS BUDGET GROUP INCIndustrials2.2%$52.3m353,848−36%reduced
JPM JPMORGAN CHASE & COFinancial Services2.1%$49.5m151,300−2.2%reduced
NU NU HLDGS LTDFinancial Services2.0%$47.9m3.59m+60%added
GGAL GRUPO FINANCIERO GALICIA S.AFinancial Services1.9%$45.9m917,929+5.6%added
GENI GENIUS SPORTS LIMITEDCommunication Services1.8%$43.8m7.23m−3.0%reduced
APP APPLOVIN CORPCommunication Services1.8%$42.8m83,040+64%added
AMZN AMAZON COM INCConsumer Cyclical1.7%$42.1m176,435+42%added
CX CEMEX SAB DE CVBasic Materials1.6%$37.9m3.16m−9.1%reduced
GEO GEO GROUP INCIndustrials1.5%$37.2m1.26m−12%reduced
COF CAPITAL ONE FINL CORPFinancial Services1.4%$34.7m173,210−36%reduced
PRMB PRIMO BRANDS CORPORATIONConsumer Defensive1.4%$33.7m1.38m−1.5%reduced
VLO VALERO ENERGY CORPEnergy1.3%$31.1m119,400+40%added
RACE FERRARI N VConsumer Cyclical1.3%$30.4m81,583–new
TTWO TAKE-TWO INTERACTIVE SOFTWARCommunication Services1.2%$28.7m115,000–new
PSN PARSONS CORPORATIONTechnology1.2%$27.7m528,600+5.9%added
YPF YPF SOCIEDAD ANONIMAEnergy1.1%$27.5m604,992+12%added
GS GOLDMAN SACHS GROUP INCFinancial Services1.1%$27.3m27,000–new
FISV FISERV INC–1.1%$27.0m551,200+78%added
WOLF WOLFSPEED INCTechnology1.1%$26.5m548,375+29%added
LPLA LPL FINL HLDGS INCFinancial Services1.1%$26.3m93,500–new
PPTA PERPETUA RESOURCES CORP–1.0%$24.6m1.19m−9.2%reduced
ULTA ULTA BEAUTY INCConsumer Cyclical1.0%$23.5m52,000+12%added
BBAR BANCO BBVA ARGENTINA S AFinancial Services1.0%$22.9m1.17m+16%added
QXO QXO INCIndustrials0.9%$21.5m1.24m−9.7%reduced
FIVE FIVE BELOW INCConsumer Cyclical0.8%$18.5m102,700–new
WRBY WARBY PARKER INCHealthcare0.7%$17.8m587,655–new
ON ON SEMICONDUCTOR CORPTechnology0.6%$15.3m162,300−88%reduced
MWH SOLV ENERGY INCUtilities0.6%$14.0m411,700–new
PINS PINTEREST INCCommunication Services0.6%$14.0m665,969−14%reduced
RKT ROCKET COS INCFinancial Services0.6%$13.9m884,3000.0%held
NXT NEXTPOWER INCTechnology0.6%$13.9m116,800–new
AGRO ADECOAGRO S AConsumer Defensive0.5%$13.2m1.38m+8.2%added
CHDN CHURCHILL DOWNS INCConsumer Cyclical0.5%$12.4m138,200−14%reduced
ZM ZOOM COMMUNICATIONS INCTechnology0.5%$12.0m139,600–new
AEM AGNICO EAGLE MINES LTDBasic Materials0.5%$12.0m77,300+79%added
GRPN GROUPON INCCommunication Services0.5%$11.8m491,051–new
CRM SALESFORCE INCTechnology0.5%$11.3m71,900+45%added
HAL HALLIBURTON COEnergy0.4%$10.3m304,700–new
PURR HYPERLIQUID STRATEGIES INCFinancial Services0.4%$10.3m1.31m–new
MTSI MACOM TECH SOLUTIONS HLDGS ITechnology0.4%$10.2m26,900–new

Exited since Q1 2026

17 rows
INTERCORP FINL SVCS INC no ticker2.8%$53.1m
VNET VNET GROUP INC2.6%$50.4m
IBIT ISHARES BITCOIN TRUST ETF1.3%$24.7m
LNG CHENIERE ENERGY INC1.0%$19.1m
ROST ROSS STORES INC0.8%$15.5m
TER TERADYNE INC0.8%$15.4m
SOXX ISHARES TR0.8%$14.5m
GLNG GOLAR LNG LTD0.7%$14.4m
CLF CLEVELAND CLIFFS INC0.6%$12.2m
MDLN MEDLINE INC0.6%$11.1m
NVDA NVIDIA CORPORATION0.5%$10.0m
FPS FORGENT POWER SOLUTIONS INC0.4%$8.0m
ARE ALEXANDRIA REAL ESTATE EQ IN0.2%$4.6m
HDB HDFC BANK LTD0.2%$4.6m
INFQ INFLEQTION INC0.2%$3.9m
ALH ALLIANCE LAUNDRY HLDGS INC0.2%$3.1m
XOP SPDR SERIES TRUST0.03%$585k

Sector mix

  • Technology26.9%
  • Communication Services17.7%
  • Financial Services16.9%
  • Industrials8.7%
  • Consumer Cyclical5.6%
  • Energy5.4%
  • Basic Materials5.0%
  • Consumer Defensive4.6%
  • Real Estate4.1%
  • Unclassified3.6%
  • Healthcare1.0%
  • Utilities0.6%

Book over time

Every quarter on file (79)
QuarterPositionsEquity book
Q2 2026113$2.4bn
Q1 202677$1.9bn
Q4 202588$1.8bn
Q3 202586$1.8bn
Q2 202572$1.3bn
Q1 202556$836m
Q4 202477$1.5bn
Q3 202459$819m
Q2 202451$754m
Q1 202452$736m
Q4 202349$661m
Q3 202339$554m
Q2 202353$857m
Q1 202344$740m
Q4 202247$674m
Q3 202246$639m
Q2 202253$751m
Q1 202266$1.1bn
Q4 202165$1.3bn
Q3 202167$1.3bn
Q2 202157$1.3bn
Q1 202160$720m
Q4 202052$807m
Q3 202058$637m
Q2 202052$539m
Q1 202031$363m
Q4 201921$313m
Q3 201926$576m
Q2 201934$976m
Q1 201929$826m
Q4 201841$1.2bn
Q3 201848$1.6bn
Q2 201848$1.7bn
Q1 201845$2.4bn
Q4 201748$2.8bn
Q3 201757$4.0bn
Q2 201749$3.8bn
Q1 201790$5.1bn
Q4 201697$5.9bn
Q3 201676$4.6bn
Q2 201670$4.0bn
Q1 201692$6.1bn
Q4 201583$7.3bn
Q3 2015106$8.7bn
Q2 201595$7.6bn
Q1 201586$8.4bn
Q4 2014114$9.5bn
Q3 201491$8.7bn
Q2 2014115$10.5bn
Q1 2014132$13.4bn
Q4 2013133$13.4bn
Q3 2013121$11.1bn
Q2 2013102$8.9bn
Q1 201357$5.1bn
Q4 201264$4.9bn
Q3 201267$5.0bn
Q2 201248$4.0bn
Q1 201273$4.2bn
Q4 201156$3.2bn
Q3 201149$2.5bn
Q2 201150$2.7bn
Q1 201148$2.2bn
Q4 201032$1.4bn
Q3 201029$1.5bn
Q2 201028$902m
Q1 201041$1.1bn
Q4 200929$703m
Q3 200928$682m
Q2 200926$726m
Q1 200919$574m
Q4 200811$303m
Q3 200812$331m
Q2 200819$564m
Q1 200818$871m
Q4 200726$812m
Q3 200729$541m
Q2 200722$455m
Q1 200719$245m
Q4 200622$246m

Where Discovery Capital Management, LLC was early

158 rows
GGAL GRUPO FINANCIERO GALICIA S.AQ1 20071 of 960.07%7.8%40Held at last filing, Q2 2026+380%
SNDK SANDISK CORPQ1 20073 of 2332.5%19.6%19Held at last filing, Q2 2026–
BBD BANCO BRADESCO S AQ1 20075 of 715.1%5.1%6Exited by Q1 2024–
EBAY EBAY INCQ1 200716 of 1865.5%6.3%14Exited by Q1 2015+69%
TX TERNIUM SA SPONQ2 20072 of 521.3%1.3%2Exited by Q4 2007+3.7%
BIDU BAIDU INCQ2 20079 of 2317.0%17.6%24Exited by Q1 2026+678%
SFD SMITHFIELD FOODS INCQ3 20071 of 904.4%4.4%2Exited by Q1 2008−8.2%
CX CEMEX SA EURO MTN BE 144AQ3 20074 of 941.9%5.0%21Held at last filing, Q2 2026−47%
FCX FREEPORT-MCMORAN INCQ3 20075 of 2235.3%6.6%12Exited by Q3 2025−17%
JPM JPMORGAN CHASE & COQ4 20076 of 2313.6%19.9%20Held at last filing, Q2 2026+650%
AAPL APPLE INCQ4 200710 of 27511.9%43.1%29Exited by Q1 2017+309%
EWY ISHARES INC MSCI S KOREAQ1 20082 of 1130.9%3.6%2Exited by Q3 2008−8.5%
MEOH METHANEX CORPQ2 20082 of 10811.0%16.0%2Exited by Q4 2008−29%
PBR/A PETROLEO BRASILEIRO SA PETROQ2 20083 of 707.3%9.4%20Exited by Q2 2019−75%
GS GOLDMAN SACHS GROUP INCQ2 20085 of 2294.6%10.8%12Held at last filing, Q2 2026+478%
MS MORGAN STANLEYQ2 20085 of 1783.7%6.9%11Exited by Q2 2017+19%
V VISA INCQ2 200819 of 2845.8%8.3%30Exited by Q3 2022+869%
RIG TRANSOCEAN LTDQ1 20091 of 1899.4%9.4%18Exited by Q3 2022−94%
WFRD WEATHERFORD INTERNATIONAL LT REGQ2 20092 of 261.8%2.8%2Exited by Q4 2009+6.0%
MLCO MELCO CROWN ENTMT LTDQ2 20094 of 1080.5%2.1%14Exited by Q2 2016+267%
RRC RANGE RES CORPQ2 20094 of 1470.6%1.7%5Exited by Q3 2025−1.8%
FXI ISHARES TRQ2 20097 of 1357.4%7.4%8Exited by Q2 2022−17%
MNTA MOMENTA PHARMACEUTICALS INCQ4 20091 of 890.5%1.8%27Exited by Q3 2017–
AMGN AMGEN INCQ4 20096 of 1661.4%1.4%4Exited by Q2 2014+118%
G GENPACT LIMITEDQ1 20103 of 1010.8%3.3%4Exited by Q1 2011−9.4%
PNC PNC FINL SVCS GROUP INCQ1 20106 of 1531.1%1.8%10Exited by Q2 2023+113%
DIS DISNEY WALT COQ1 201010 of 2534.1%4.1%14Exited by Q4 2021+385%
UNH UNITEDHEALTH GROUP INCQ1 201010 of 2991.4%6.6%11Exited by Q3 2025+855%
ITUB ITAU UNIBANCO HLDG S AQ2 20107 of 850.3%3.7%13Exited by Q1 2024−6.6%
YPF YPF SOCIEDAD ANONIMAQ3 20101 of 1010.02%4.5%41Held at last filing, Q2 2026+17%
VRSN VERISIGN INCQ3 201011 of 1420.8%2.0%7Exited by Q3 2022+427%
TEVA TEVA PHARMACEUTICAL INDS LTDQ3 201013 of 1821.1%2.7%3Exited by Q1 2016+24%
HAL HALLIBURTON COQ4 20105 of 1822.9%3.9%11Held at last filing, Q2 2026−17%
VWO VANGUARD INTL EQUITY INDEX FQ1 20112 of 550.9%11.2%15Exited by Q4 2019−18%
IBN ICICI BANK LIMITEDQ1 20113 of 1091.9%5.9%23Exited by Q3 2022+96%
COP CONOCOPHILLIPSQ1 20114 of 1553.1%3.1%2Exited by Q3 2011−5.9%
SLB SCHLUMBERGER LTDQ1 20116 of 2113.3%3.3%5Exited by Q1 2017−10.0%
SLM SLM CORPQ1 20119 of 1220.6%3.0%12Exited by Q1 2026+395%
KEY KEYCORP NEWQ1 201113 of 1320.3%1.2%5Exited by Q2 2017+100%
AMD ADVANCED MICRO DEVICES INCQ1 201116 of 3400.5%7.0%16Held at last filing, Q2 2026+6655%
MPC MARATHON PETE CORPQ3 20112 of 1940.3%3.8%13Exited by Q1 2019+336%
RDN RADIAN GROUP INCQ3 20116 of 1200.02%1.4%16Exited by Q1 2021+825%
MRK MERCK & CO INCQ4 20113 of 1951.4%1.8%4Exited by Q2 2017+69%
CMG CHIPOTLE MEXICAN GRILL INCQ4 20116 of 1850.3%1.6%4Exited by Q1 2017+12%
BMY BRISTOL MYERS SQUIBB COQ4 20118 of 1975.0%5.0%3Exited by Q3 2012+2.0%
KRE SPDR SERIES TRUSTQ4 201115 of 1590.2%2.1%8Exited by Q4 2018+143%
NBIS NEBIUS GROUP N.V.Q1 20123 of 2490.7%7.9%30Exited by Q3 2025+54%
LVS LAS VEGAS SANDS CORPQ1 20125 of 1881.9%5.8%10Exited by Q2 2017−0.9%
MU MICRON TECHNOLOGY INCQ1 20126 of 3200.6%4.8%27Held at last filing, Q2 2026+14150%
SHW SHERWIN WILLIAMS COQ1 20126 of 1920.5%2.5%6Exited by Q3 2013+63%

Concentration and tenure

14.0%
Median largest position, all quarters
The largest single position as a share of the reported equity book.
60.3%
Median top 10 weight, all quarters
The ten largest positions together, as a share of the reported equity book.
Concentrated
Style, by median largest position
2
Median completed holding, quarters