Discovery Capital Management: 13F holdings, Q2 2026
Macro / discretionary · SEC EDGAR filings (CIK 0001389507) · Explore on the interactive board
Discovery Capital Management disclosed 113 US equity positions worth $2.4bn in its Q2 2026 13F filing (holdings as of June 30, 2026, filed August 14, 2026). Its largest position is SNDK at 19.6% of the reported book, followed by BAP, AMX. The top ten holdings are 49.7% of the book, and the portfolio behaves like about 18 equal-weight positions. Versus the prior filing it opened 53 new positions, added to 21, reduced 24 and exited 17.
$2.4bnreported US equity book
113positions
19.6%largest position
49.7%top 10 weight
18.27effective positions (1/HHI)
79quarters on file since Q4 2006
What does Discovery Capital Management own? Top holdings as of June 30, 2026
Change is measured in shares against the previous filing (Q1 2026), so price moves do not read as decisions. This quarter: 53 new, 21 added, 24 reduced, 17 exited.
| # | Stock | Sector | Weight | Value | Shares | Δ shares | Action |
|---|---|---|---|---|---|---|---|
| 1 | SNDK SANDISK CORP | Technology | 19.6% | $472.0m | 207,587 | 13% | added |
| 2 | BAP CREDICORP LTD | Financial Services | 4.4% | $105.9m | 271,865 | 93% | added |
| 3 | AMX AMERICA MOVIL SAB DE CV | 4.3% | $103.6m | 3,988,067 | -10% | reduced | |
| 4 | AMC AMC ENTMT HLDGS INC | Communication Services | 4.1% | $98.4m | 51,799,352 | – | new |
| 5 | COMP COMPASS INC | Real Estate | 3.9% | $92.8m | 7,526,497 | 24% | added |
| 6 | TE T1 ENERGY INC | Industrials | 2.9% | $70.8m | 7,465,100 | – | new |
| 7 | METC RAMACO RES INC | Basic Materials | 2.9% | $70.3m | 5,311,360 | -4% | reduced |
| 8 | JBS JBS N.V. | Consumer Defensive | 2.7% | $64.4m | 5,436,300 | 62% | added |
| 9 | TV GRUPO TELEVISA S A B | 2.5% | $59.9m | 22,117,634 | -1% | reduced | |
| 10 | CVX CHEVRON CORPORATION | Energy | 2.4% | $58.9m | 355,336 | – | new |
| 11 | CAR AVIS BUDGET GROUP INC | Industrials | 2.2% | $52.3m | 353,848 | -36% | reduced |
| 12 | JPM JPMORGAN CHASE & CO | Financial Services | 2.1% | $49.5m | 151,300 | -2% | reduced |
| 13 | NU NU HLDGS LTD | Financial Services | 2.0% | $47.9m | 3,587,500 | 60% | added |
| 14 | GGAL GRUPO FINANCIERO GALICIA S.A | Financial Services | 1.9% | $45.9m | 917,929 | 6% | added |
| 15 | GENI GENIUS SPORTS LIMITED | Communication Services | 1.8% | $43.8m | 7,231,145 | -3% | reduced |
| 16 | APP APPLOVIN CORP | Communication Services | 1.8% | $42.8m | 83,040 | 64% | added |
| 17 | AMZN AMAZON COM INC | Consumer Cyclical | 1.7% | $42.1m | 176,435 | 42% | added |
| 18 | CX CEMEX SA EURO MTN BE 144A | Basic Materials | 1.6% | $37.9m | 3,157,800 | -9% | reduced |
| 19 | GEO GEO GROUP INC | Industrials | 1.5% | $37.2m | 1,258,600 | -12% | reduced |
| 20 | COF CAPITAL ONE FINL CORP | Financial Services | 1.4% | $34.7m | 173,210 | -36% | reduced |
| 21 | PRMB PRIMO BRANDS CORPORATION | Consumer Defensive | 1.4% | $33.7m | 1,379,400 | -1% | reduced |
| 22 | VLO VALERO ENERGY CORP | Energy | 1.3% | $31.1m | 119,400 | 40% | added |
| 23 | RACE FERRARI N V | Consumer Cyclical | 1.3% | $30.4m | 81,583 | – | new |
| 24 | TTWO TAKE-TWO INTERACTIVE SOFTWAR | Communication Services | 1.2% | $28.7m | 115,000 | – | new |
| 25 | PSN PARSONS CORP DEL | Technology | 1.2% | $27.7m | 528,600 | 6% | added |
| 26 | YPF YPF SOCIEDAD ANONIMA | Energy | 1.1% | $27.5m | 604,992 | 12% | added |
| 27 | GS GOLDMAN SACHS GROUP INC | Financial Services | 1.1% | $27.3m | 27,000 | – | new |
| 28 | FISV FISERV INC | 1.1% | $27.0m | 551,200 | 78% | added | |
| 29 | WOLF WOLFSPEED INC | Technology | 1.1% | $26.5m | 548,375 | 29% | added |
| 30 | LPLA LPL FINL HLDGS INC | Financial Services | 1.1% | $26.3m | 93,500 | – | new |
| 31 | PPTA PERPETUA RESOURCES CORP | 1.0% | $24.6m | 1,186,700 | -9% | reduced | |
| 32 | ULTA ULTA BEAUTY INC | Consumer Cyclical | 1.0% | $23.5m | 52,000 | 12% | added |
| 33 | BBAR BANCO BBVA ARGENTINA S A | 1.0% | $22.9m | 1,166,600 | 16% | added | |
| 34 | QXO QXO INC | Industrials | 0.9% | $21.5m | 1,242,390 | -10% | reduced |
| 35 | FIVE FIVE BELOW INC | Consumer Cyclical | 0.8% | $18.5m | 102,700 | – | new |
| 36 | WRBY WARBY PARKER INC | Healthcare | 0.7% | $17.8m | 587,655 | – | new |
| 37 | ON ON SEMICONDUCTOR CORP | Technology | 0.6% | $15.3m | 162,300 | -88% | reduced |
| 38 | MWH SOLV ENERGY INC | Utilities | 0.6% | $14.0m | 411,700 | – | new |
| 39 | PINS PINTEREST INC | Communication Services | 0.6% | $14.0m | 665,969 | -14% | reduced |
| 40 | RKT ROCKET COS INC | Financial Services | 0.6% | $13.9m | 884,300 | 0% | held |
| 41 | NXT NEXTPOWER INC | Technology | 0.6% | $13.9m | 116,800 | – | new |
| 42 | AGRO ADECOAGRO S A | Consumer Defensive | 0.5% | $13.2m | 1,379,217 | 8% | added |
| 43 | CHDN CHURCHILL DOWNS INC | Consumer Cyclical | 0.5% | $12.4m | 138,200 | -14% | reduced |
| 44 | ZM ZOOM COMMUNICATIONS INC | Technology | 0.5% | $12.0m | 139,600 | – | new |
| 45 | AEM AGNICO EAGLE MINES LTD | Basic Materials | 0.5% | $12.0m | 77,300 | 79% | added |
| 46 | GRPN GROUPON INC | Communication Services | 0.5% | $11.8m | 491,051 | – | new |
| 47 | CRM SALESFORCE INC | Technology | 0.5% | $11.3m | 71,900 | 45% | added |
| 48 | HAL HALLIBURTON CO | Energy | 0.4% | $10.3m | 304,700 | – | new |
| 49 | PURR HYPERLIQUID STRATEGIES INC | Financial Services | 0.4% | $10.3m | 1,314,000 | – | new |
| 50 | MTSI MACOM TECH SOLUTIONS HLDGS I | Technology | 0.4% | $10.2m | 26,900 | – | new |
What did Discovery Capital Management sell? Positions exited since the previous filing
| Stock | Prior weight | Prior value |
|---|---|---|
| INTERCORP FINL SVCS INC | 20.0% | $53.1m |
| VNET VNET GROUP INC | 19.0% | $50.4m |
| IBIT ISHARES BITCOIN TRUST ETF | 9.3% | $24.7m |
| LNG CHENIERE ENERGY INC | 7.2% | $19.1m |
| ROST ROSS STORES INC | 5.8% | $15.5m |
| TER TERADYNE INC | 5.8% | $15.4m |
| ISHARES TR | 5.5% | $14.5m |
| GLNG GOLAR LNG LTD | 5.4% | $14.4m |
| CLF CLEVELAND-CLIFFS INC NEW | 4.6% | $12.2m |
| MDLN MEDLINE INC | 4.2% | $11.1m |
| NVDA NVIDIA CORPORATION | 3.8% | $10.0m |
| FPS FORGENT POWER SOLUTIONS INC | 3.0% | $8.0m |
| ARE ALEXANDRIA REAL ESTATE EQ IN | 1.7% | $4.6m |
| HDB HDFC BANK LTD | 1.7% | $4.6m |
| INFLEQTION INC | 1.5% | $3.9m |
| ALH ALLIANCE LAUNDRY HLDGS INC | 1.2% | $3.1m |
| XOP SPDR SERIES TRUST | 0.2% | $584.6k |
Sector mix
| Sector | Weight |
|---|---|
| Technology | 26.9% |
| Financial Services | 15.9% |
| Communication Services | 10.9% |
| Industrials | 8.3% |
| Consumer Cyclical | 5.6% |
| Energy | 5.4% |
Sectors cover positions whose ticker resolved to a sector; the remainder is unclassified, not cash.
Filing history
| Quarter | Positions | Equity value |
|---|---|---|
| Q2 2026 | 113 | $2.4bn |
| Q1 2026 | 77 | $1.9bn |
| Q4 2025 | 88 | $1.8bn |
| Q3 2025 | 86 | $1.8bn |
| Q2 2025 | 72 | $1.3bn |
| Q1 2025 | 56 | $835.9m |
| Q4 2024 | 77 | $1.5bn |
| Q3 2024 | 59 | $819.5m |
| Q2 2024 | 51 | $753.8m |
| Q1 2024 | 52 | $735.5m |
| Q4 2023 | 49 | $661.2m |
| Q3 2023 | 39 | $553.8m |
| Q2 2023 | 53 | $857.1m |
| Q1 2023 | 44 | $740.1m |
| Q4 2022 | 47 | $674.0m |
| Q3 2022 | 46 | $638.9m |
Earliest filing: Q4 2006 · 79 quarters on file
How concentrated is Discovery Capital Management's portfolio?
Across every quarter Discovery Capital Management has filed, its median largest position is 14.0% of the book and its median top-ten weight is 60.3%, which WhaleCreep classifies as concentrated (the gate is a median largest position of 5%). Of 1617 completed holding spells, the median lasted 1.0 quarters; 113 positions are still open and their final length is unknown.