WhaleCreep

Discovery Capital Management, LLC 13F holdings, Q4 2017

Hedge fundSEC filingsCompare with another fundHoldings as of 2017-12-31, filed 2018-02-14

Discovery Capital Management, LLC disclosed 48 US equity positions worth $2.8bn in its Q4 2017 13F filing. Its largest position is BTU at 7.0% of the reported book, followed by AMD and GGAL. Versus Q3 2017 it opened 16 new positions, added to 15, reduced 17 and exited 25.

$2.8bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
48
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
7.0%
Largest position
The largest single position as a share of the reported equity book.
45.9%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
31
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 Q3 2017: 16 new, 15 added, 17 reduced, 25 exited

48 rows
BTU PEABODY ENERGY CORPEnergy7.0%$196m4.98m−45%reduced
AMD ADVANCED MICRO DEVICES INCTechnology6.0%$167m16.29m−26%reduced
GGAL GRUPO FINANCIERO GALICIA S.AFinancial Services4.6%$128m1.94m+37%added
AABAUSD ALTABA INC–4.4%$122m1.75m–new
BAC BANK OF AMER CORPFinancial Services4.3%$120m4.06m+12%added
AMZN AMAZON COM INCConsumer Cyclical4.2%$118m100,699−50%reduced
II-VI INC no ticker–4.2%$116m2.48m–new
STZ CONSTELLATION BRANDS INCConsumer Defensive4.0%$111m485,817−14%reduced
META META PLATFORMS INCCommunication Services3.6%$100m567,000+17%added
ETRA E TRADE FINANCIAL CORPHealthcare3.5%$96.9m1.96m–new
EOG EOG Resources IncEnergy3.0%$84.0m778,500+280%added
PE1EUR PARSLEY ENERGY INC–3.0%$82.9m2.82m+15%added
TIFEUR TIFFANY & CO NEW–2.8%$79.1m760,601+137%added
SLM SLM CORPFinancial Services2.8%$78.4m6.94m−17%reduced
SIG SIGNET JEWELERS LIMITEDConsumer Cyclical2.8%$77.1m1.36m–new
SUPV GRUPO SUPERVIELLE S.A.Financial Services2.7%$74.4m2.54m+6.7%added
IQV IQVIA HLDGS INCHealthcare2.6%$71.0m725,114–new
TWXCHF TIME WARNER INC–2.3%$64.5m705,212–new
YPF YPF SOCIEDAD ANONIMAEnergy2.3%$64.0m2.79m+11%added
BMA BANCO MACRO S AFinancial Services1.9%$53.7m463,229+37%added
DVN DEVON ENERGY CORP NEWEnergy1.8%$50.7m1.22m+2921%added
PBR PETROLEO BRASILEIRO S AEnergy1.8%$50.5m4.91m−59%reduced
KRE SPDR SERIES TRUST–1.7%$46.7m793,357−47%reduced
BABA ALIBABA GROUP HLDG LTDConsumer Cyclical1.6%$45.0m261,100−3.4%reduced
GD GENERAL DYNAMICS CORPIndustrials1.5%$42.7m209,724+17%added
AVGO BROADCOM LTDTechnology1.5%$40.8m158,682−72%reduced
PBR/A PETROLEO BRASILEIRO S A–1.4%$40.3m4.10m−48%reduced
PNC PNC FINL SVCS GROUP INCFinancial Services1.3%$37.4m259,349–new
NBIS NEBIUS GROUP N.V.Communication Services1.3%$36.0m1.10m−65%reduced
TER TERADYNE INCTechnology1.2%$32.8m783,781−51%reduced
BWXT BWX TECHNOLOGIES INCIndustrials1.1%$31.9m528,087−58%reduced
ESPREUR ESPERION THERAPEUTICS INC NE–1.1%$31.3m475,175−39%reduced
CXOEUR CONCHO RES INC–1.1%$31.0m206,122+9.2%added
ANDEAVOR no ticker–1.1%$30.8m269,570–new
VLRS CONTROLADORA VUELA COMP DE AIndustrials1.0%$27.3m3.40m−1.9%reduced
INTELSAT S A no ticker–0.9%$25.2m7.42m+6.8%added
2663134D BITAUTO HLDGS LTD–0.9%$23.6m743,493+79%added
MBI MBIA INCFinancial Services0.8%$23.2m3.17m+80%added
IBN ICICI BANK LIMITEDFinancial Services0.8%$22.1m2.27m–new
HII HUNTINGTON INGALLS INDS INCIndustrials0.8%$21.9m92,992−73%reduced
CTRIP COM INTL LTD no ticker–0.6%$17.1m16.72m−15%reduced
ADSK AUTODESK INCTechnology0.5%$13.9m132,400–new
AGO ASSURED GUARANTY LTDFinancial Services0.4%$11.8m347,694–new
RSP PERMIAN INC no ticker–0.4%$10.8m265,000–new
XLE SELECT SECTOR SPDR TR–0.3%$9.7m133,885–new
5TC TRUECAR INC–0.3%$9.1m813,297–new
FLEX FLEX LTDTechnology0.3%$7.0m390,200–new
TMUS T-MOBILE US INCCommunication Services0.2%$6.0m93,969–new

Exited since Q3 2017

25 rows
CHTR CHARTER COMMUNICATIONS INC5.5%$222m
SPRINT CORPORATION no ticker5.3%$214m
XLNXEUR XILINX INC4.3%$173m
MU MICRON TECHNOLOGY INC3.3%$132m
TTWO TAKE-TWO INTERACTIVE SOFTWAR2.6%$103m
QUINTILES IMS HOLDINGS INC no ticker2.3%$93.5m
EPI WISDOMTREE TR2.2%$90.4m
MCD MCDONALDS CORP1.6%$64.0m
M Macy's, Inc1.3%$52.0m
V VISA INC1.2%$48.5m
BID1EUR SOTHEBYS1.2%$46.9m
ATVIEUR ACTIVISION BLIZZARD INC1.1%$44.0m
ARCH CAP GROUP LTD no ticker0.8%$31.3m
XLB SELECT SECTOR SPDR TR0.8%$30.2m
AAL AMERICAN AIRLINES GROUP INC0.6%$25.4m
ALL ALLSTATE CORP0.6%$25.2m
WB WEIBO CORP0.6%$24.7m
FRONTIER COMMUNICATIONS CORP no ticker0.6%$24.1m
AAP ADVANCE AUTO PARTS INC0.5%$20.3m
GOOG ALPHABET INC0.5%$19.1m
KEYS KEYSIGHT TECHNOLOGIES INC0.4%$15.3m
BFRUSD BBVA BANCO FRANCES S A0.4%$14.9m
EA ELECTRONIC ARTS INC0.4%$14.7m
OPTU OPTIMUM COMMUNICATIONS INC0.3%$12.3m
RAMACO RES INC no ticker0.1%$5.1m

Sector mix

  • Unclassified26.6%
  • Financial Services19.7%
  • Energy16.0%
  • Technology9.4%
  • Consumer Cyclical8.6%
  • Healthcare6.0%
  • Communication Services5.1%
  • Industrials4.5%
  • Consumer Defensive4.0%

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