WhaleCreep

Discovery Capital Management, LLC 13F holdings, Q3 2016

Hedge fundSEC filingsCompare with another fundHoldings as of 2016-09-30, filed 2016-11-14

Discovery Capital Management, LLC disclosed 76 US equity positions worth $4.6bn in its Q3 2016 13F filing. Its largest position is KEL at 5.6% of the reported book, followed by CTRPUSD and META. Versus Q2 2016 it opened 29 new positions, added to 11, reduced 22 and exited 23.

$4.6bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
76
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
5.6%
Largest position
The largest single position as a share of the reported equity book.
40.3%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
39
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 Q2 2016: 29 new, 11 added, 22 reduced, 23 exited

50 of 76
KEL KELLANOVA–5.6%$255m3.29m–new
CTRPUSD CTRIP COM INTL LTD–5.0%$229m4.92m+102%added
META META PLATFORMS INCCommunication Services4.4%$200m1.56m+37%added
V VISA INCFinancial Services4.4%$200m2.41m+57%added
AVGO BROADCOM LTDTechnology4.2%$192m1.11m−12%reduced
AMZN AMAZON COM INCConsumer Cyclical4.0%$184m219,587−3.9%reduced
SPRINT CORPORATION no ticker–3.5%$158m23.84m−41%reduced
SGI SOMNIGROUP INTERNATIONAL INCConsumer Cyclical3.2%$149m2.62m−16%reduced
PBR PETROLEO BRASILEIRO S AEnergy3.2%$146m15.66m–new
ATVIEUR ACTIVISION BLIZZARD INC–2.8%$130m2.94m–new
BIDU BAIDU INCCommunication Services2.8%$130m713,814+585%added
TWITTER INC no ticker–2.5%$114m119.50m0.0%held
XECEUR CIMAREX ENERGY CO–2.4%$108m806,814+22%added
YPF YPF SOCIEDAD ANONIMAEnergy2.3%$107m5.87m−24%reduced
TWITTER INC no ticker–2.2%$101m105.50m0.0%held
XBI SPDR SERIES TRUST–2.2%$99.4m1.50m–new
PBR/A PETROLEO BRASILEIRO S A–2.2%$98.9m11.90m–new
CPE3EUR CALLON PETE CO DEL–2.1%$97.2m6.19m+16%added
M Macy's, IncConsumer Cyclical2.1%$94.3m2.54m–new
GDXJ VANECK ETF TRUST–1.8%$82.0m1.85m−1.9%reduced
GDX VANECK ETF TRUST–1.7%$78.3m2.96m+0.1%held
VLRS CONTROLADORA VUELA COMP DE AIndustrials1.6%$74.9m4.31m+48%added
MCD MCDONALDS CORPConsumer Cyclical1.6%$72.4m627,457–new
L-3 COMMUNICATIONS HLDGS INC no ticker–1.5%$69.6m461,674−39%reduced
WPXUSD WPX ENERGY INC–1.5%$68.5m5.19m−41%reduced
TMUS T-MOBILE US INCCommunication Services1.4%$63.3m1.35m−56%reduced
MU MICRON TECHNOLOGY INCTechnology1.4%$62.1m3.49m–new
GD GENERAL DYNAMICS CORPIndustrials1.3%$59.9m386,000–new
T MOBILE US INC no ticker–1.3%$58.6m750,0000.0%held
ETRA E TRADE FINANCIAL CORPHealthcare1.3%$58.2m2.00m–new
AAPL APPLE INCTechnology1.2%$55.1m487,500–new
BABA ALIBABA GROUP HLDG LTDConsumer Cyclical1.2%$53.6m506,932−87%reduced
HRG GROUP INC no ticker–1.2%$52.7m3.35m−1.9%reduced
MNTA MOMENTA PHARMACEUTICALS INC–1.1%$52.6m4.50m0.0%held
AAP ADVANCE AUTO PARTS INCConsumer Cyclical1.1%$52.4m351,306–new
NBIS NEBIUS GROUP N.V.Communication Services1.1%$49.6m2.36m−21%reduced
WDC WESTERN DIGITAL CORP.Technology1.0%$44.0m751,950−73%reduced
ENCANA CORP no ticker–1.0%$44.0m4.20m–new
QEP QEP RESOURCES INC–0.9%$42.4m2.17m−44%reduced
EEM ISHARES TR–0.8%$37.5m1.00m–new
EWZ ISHARES INC–0.8%$34.9m1.03m–new
CXOEUR CONCHO RES INC–0.7%$34.1m248,440−67%reduced
BIIB BIOGEN INCHealthcare0.7%$30.5m97,300–new
SM SM ENERGY COMPANYEnergy0.6%$29.6m766,337–new
GILD GILEAD SCIENCES INCHealthcare0.6%$29.0m367,000–new
PE1EUR PARSLEY ENERGY INC–0.6%$28.9m862,627−59%reduced
RICEEUR RICE ENERGY INC–0.6%$28.7m1.10m+51%added
UAL UNITED AIRLINES HLDGS INCIndustrials0.6%$25.7m490,000–new
PANERA BREAD CO no ticker–0.5%$23.9m122,659−45%reduced
NEW ORIENTAL ED & TECHNOLOGY no ticker–0.5%$23.6m509,000+13%added

Exited since Q2 2016

23 rows
AERCAP HOLDINGS NV no ticker2.3%$89.9m
HAL HALLIBURTON CO2.2%$85.2m
FANG DIAMONDBACK ENERGY INC1.5%$58.1m
HORIZON PHARMA PLC no ticker1.5%$57.8m
BKR BAKER HUGHES INC1.4%$55.5m
POT1EUR POTASH CORP SASK INC1.3%$50.4m
LINKEDIN CORP no ticker0.9%$33.7m
WOO FOOT LOCKER INC0.7%$28.4m
MELI MERCADOLIBRE0.7%$26.3m
BAP CREDICORP LTD0.6%$24.0m
WYNN WYNN RESORTS LTD0.6%$22.9m
TSU TIM PARTICIPACOES S A0.5%$21.6m
EQT EQT CORPORATION0.5%$21.6m
OLED UNIVERSAL DISPLAY CORP0.4%$16.4m
GRA1EUR GRACE W R & CO DEL NEW0.4%$14.2m
DPZ DOMINOS PIZZA INC0.4%$13.9m
ILF ISHARES TR0.3%$11.6m
BMA BANCO MACRO S A0.3%$10.5m
FITEUR FITBIT INC0.2%$8.5m
AR ANTERO RESOURCES CORP0.2%$7.6m
RITE AID CORP no ticker0.2%$7.5m
GGAL GRUPO FINANCIERO GALICIA S.A0.1%$4.5m
EPU ISHARES TR0.08%$3.1m

Sector mix

  • Unclassified50.2%
  • Consumer Cyclical13.7%
  • Communication Services9.7%
  • Technology8.3%
  • Energy6.3%
  • Financial Services4.6%
  • Industrials3.7%
  • Healthcare2.8%
  • Consumer Defensive0.3%
  • Basic Materials0.3%

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