WhaleCreep

Discovery Capital Management, LLC 13F holdings, Q3 2017

Hedge fundSEC filingsCompare with another fundHoldings as of 2017-09-30, filed 2017-11-14

Discovery Capital Management, LLC disclosed 57 US equity positions worth $4.0bn in its Q3 2017 13F filing. Its largest position is AMD at 6.9% of the reported book, followed by BTU and CHTR. Versus Q2 2017 it opened 21 new positions, added to 17, reduced 17 and exited 13.

$4.0bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
57
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
6.9%
Largest position
The largest single position as a share of the reported equity book.
46.0%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
32
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 2017: 21 new, 17 added, 17 reduced, 13 exited

50 of 57
AMD ADVANCED MICRO DEVICES INCTechnology6.9%$279m21.88m+12%added
BTU PEABODY ENERGY CORPEnergy6.6%$265m9.12m−58%reduced
CHTR CHARTER COMMUNICATIONS INCCommunication Services5.5%$222m610,225+714%added
SPRINT CORPORATION no ticker–5.3%$214m27.48m+3.2%added
AMZN AMAZON COM INCConsumer Cyclical4.8%$193m200,833+36%added
XLNXEUR XILINX INC–4.3%$173m2.44m−27%reduced
AVGO BROADCOM LTDTechnology3.4%$138m567,282+2.2%added
MU MICRON TECHNOLOGY INCTechnology3.3%$132m3.37m−29%reduced
PBR PETROLEO BRASILEIRO S AEnergy3.0%$122m12.11m+37%added
STZ CONSTELLATION BRANDS INCConsumer Defensive2.8%$112m563,958−4.2%reduced
NBIS NEBIUS GROUP N.V.Communication Services2.6%$104m3.15m−16%reduced
TTWO TAKE-TWO INTERACTIVE SOFTWARCommunication Services2.6%$103m1.01m–new
SLM SLM CORPFinancial Services2.4%$95.5m8.33m+45%added
QUINTILES IMS HOLDINGS INC no ticker–2.3%$93.5m983,501−7.6%reduced
BAC BANK OF AMER CORPFinancial Services2.3%$91.7m3.62m–new
EPI WISDOMTREE TR–2.2%$90.4m3.59m−7.8%reduced
KRE SPDR SERIES TRUST–2.1%$85.0m1.50m–new
META META PLATFORMS INCCommunication Services2.1%$82.6m483,600+13%added
HII HUNTINGTON INGALLS INDS INCIndustrials2.0%$79.3m350,000−39%reduced
PBR/A PETROLEO BRASILEIRO S A–1.9%$76.4m7.91m+76%added
GGAL GRUPO FINANCIERO GALICIA S.AFinancial Services1.8%$73.3m1.42m+252%added
BWXT BWX TECHNOLOGIES INCIndustrials1.7%$70.1m1.25m−8.3%reduced
PE1EUR PARSLEY ENERGY INC–1.6%$64.6m2.45m+21%added
MCD MCDONALDS CORPConsumer Cyclical1.6%$64.0m408,498+73%added
TER TERADYNE INCTechnology1.5%$60.2m1.61m–new
SUPV GRUPO SUPERVIELLE S.A.Financial Services1.5%$58.7m2.38m+138%added
YPF YPF SOCIEDAD ANONIMAEnergy1.4%$56.3m2.53m−4.7%reduced
M Macy's, IncConsumer Cyclical1.3%$52.0m2.38m−17%reduced
V VISA INCFinancial Services1.2%$48.5m460,827−42%reduced
BID1EUR SOTHEBYS–1.2%$46.9m1.02m+86%added
BABA ALIBABA GROUP HLDG LTDConsumer Cyclical1.2%$46.7m270,270−49%reduced
ATVIEUR ACTIVISION BLIZZARD INC–1.1%$44.0m681,500–new
VLRS CONTROLADORA VUELA COMP DE AIndustrials1.0%$41.2m3.47m−2.4%reduced
BMA BANCO MACRO S AFinancial Services1.0%$39.7m338,168+110%added
ESPREUR ESPERION THERAPEUTICS INC NE–1.0%$39.2m783,059−19%reduced
GD GENERAL DYNAMICS CORPIndustrials0.9%$36.8m178,850–new
INTELSAT S A no ticker–0.8%$32.7m6.95m+9.6%added
ARCH CAP GROUP LTD no ticker–0.8%$31.3m318,131−23%reduced
XLB SELECT SECTOR SPDR TR–0.8%$30.2m532,000–new
TIFEUR TIFFANY & CO NEW–0.7%$29.4m320,498–new
AAL AMERICAN AIRLINES GROUP INCIndustrials0.6%$25.4m535,000–new
ALL ALLSTATE CORPFinancial Services0.6%$25.2m274,100–new
CXOEUR CONCHO RES INC–0.6%$24.9m188,700–new
WB WEIBO CORPCommunication Services0.6%$24.7m249,200+25%added
FRONTIER COMMUNICATIONS CORP no ticker–0.6%$24.1m1.25m–new
CTRIP COM INTL LTD no ticker–0.5%$21.3m19.72m–new
AAP ADVANCE AUTO PARTS INCConsumer Cyclical0.5%$20.3m204,200–new
EOG EOG Resources IncEnergy0.5%$19.8m205,000–new
GOOG ALPHABET INCCommunication Services0.5%$19.1m19,950−58%reduced
2663134D BITAUTO HLDGS LTD–0.5%$18.6m415,361–new

Exited since Q2 2017

13 rows
EMB ISHARES TR4.3%$166m
WDC WESTERN DIGITAL CORP.3.6%$140m
T MOBILE US INC no ticker1.9%$73.5m
C CITIGROUP INC1.7%$65.1m
RSP PERMIAN INC no ticker1.6%$63.0m
WPXUSD WPX ENERGY INC1.1%$42.1m
XLF SELECT SECTOR SPDR TR1.1%$40.5m
CPE3EUR CALLON PETE CO DEL0.7%$25.6m
MNTA MOMENTA PHARMACEUTICALS INC0.5%$20.8m
SLCAUSD U S SILICA HLDGS INC0.5%$20.4m
BSBR BANCO SANTANDER BRASIL S A0.5%$18.7m
TMUS T-MOBILE US INC0.4%$15.2m
CENTRAL EUROPEAN MEDIA ENTRP no ticker0.4%$14.2m

Sector mix

  • Unclassified28.8%
  • Technology15.5%
  • Communication Services14.5%
  • Energy11.5%
  • Financial Services11.1%
  • Consumer Cyclical9.4%
  • Industrials6.3%
  • Consumer Defensive2.8%

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