WhaleCreep

Discovery Capital Management, LLC 13F holdings, Q1 2018

Hedge fundSEC filingsCompare with another fundHoldings as of 2018-03-31, filed 2018-05-15

Discovery Capital Management, LLC disclosed 45 US equity positions worth $2.4bn in its Q1 2018 13F filing. Its largest position is META at 9.1% of the reported book, followed by EEM and BABA. Versus Q4 2017 it opened 20 new positions, added to 9, reduced 15 and exited 23.

$2.4bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
45
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
9.1%
Largest position
The largest single position as a share of the reported equity book.
55.1%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
24
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 Q4 2017: 20 new, 9 added, 15 reduced, 23 exited

45 rows
META META PLATFORMS INCCommunication Services9.1%$219m1.37m+142%added
EEM ISHARES TR–7.8%$189m3.91m–new
BABA ALIBABA GROUP HLDG LTDConsumer Cyclical7.7%$188m1.02m+291%added
EOG EOG Resources IncEnergy5.0%$121m1.15m+48%added
PE1EUR PARSLEY ENERGY INC–4.9%$118m4.07m+45%added
II-VI INC no ticker–4.7%$114m2.78m+12%added
AMD ADVANCED MICRO DEVICES INCTechnology4.6%$112m11.14m−32%reduced
STZ CONSTELLATION BRANDS INCConsumer Defensive4.4%$107m470,517−3.1%reduced
VWO VANGUARD INTL EQUITY INDEX F–3.9%$94.0m2.00m–new
GGAL GRUPO FINANCIERO GALICIA S.AFinancial Services3.0%$74.0m1.12m−42%reduced
SLM SLM CORPFinancial Services3.0%$72.8m6.49m−6.4%reduced
IQV IQVIA HLDGS INCHealthcare2.6%$63.7m649,514−10%reduced
IBM INTERNATIONAL BUSINESS MACHSTechnology2.5%$59.4m387,351–new
TIFEUR TIFFANY & CO NEW–2.4%$58.6m600,401−21%reduced
FLEX FLEX LTDTechnology2.3%$55.4m3.39m+769%added
ADSK AUTODESK INCTechnology2.2%$53.0m422,000+219%added
YPF YPF SOCIEDAD ANONIMAEnergy2.1%$51.0m2.36m−16%reduced
EMBJ EMBRAER S.A.Industrials1.9%$47.0m1.81m–new
LRCX LAM RESEARCH CORPTechnology1.9%$45.1m222,200–new
SUPV GRUPO SUPERVIELLE S.A.Financial Services1.8%$43.7m1.44m−43%reduced
RSP PERMIAN INC no ticker–1.7%$41.7m890,000+236%added
TWXCHF TIME WARNER INC–1.7%$40.5m428,212−39%reduced
BMA BANCO MACRO S AFinancial Services1.6%$37.8m350,232−24%reduced
IBN ICICI BANK LIMITEDFinancial Services1.5%$36.8m4.16m+83%added
GOOG ALPHABET INCCommunication Services1.5%$36.2m35,100–new
TS TENARIS S AEnergy1.3%$31.6m912,800–new
TER TERADYNE INCTechnology1.3%$31.5m689,781−12%reduced
SBUX STARBUCKS CORPConsumer Cyclical1.3%$30.9m533,250–new
PAGS PAGSEGURO DIGITAL LTDTechnology1.2%$29.6m771,340–new
ARCH CAP GROUP LTD no ticker–1.2%$28.5m333,400–new
INTELSAT S A no ticker–1.2%$27.9m7.42m0.0%held
MU MICRON TECHNOLOGY INCTechnology1.0%$24.7m473,838–new
CDLX CARDLYTICS INCCommunication Services0.8%$20.5m1.50m–new
WB WEIBO CORPCommunication Services0.6%$15.7m131,520–new
PBR/A PETROLEO BRASILEIRO S A–0.6%$15.5m1.19m−71%reduced
MSFT MICROSOFT CORPTechnology0.6%$15.1m165,000–new
ESPREUR ESPERION THERAPEUTICS INC NE–0.6%$14.4m198,915−58%reduced
VLRS CONTROLADORA VUELA COMP DE AIndustrials0.5%$11.7m1.44m−58%reduced
PBR PETROLEO BRASILEIRO S AEnergy0.5%$11.0m779,322−84%reduced
XOPUSD SPDR SERIES TRUST–0.4%$10.2m288,600–new
TEO TELECOM ARGENTINA SACommunication Services0.4%$9.4m299,294–new
CORPORACION AMER ARPTS S A no ticker–0.2%$5.9m481,846–new
HUDSON LTD no ticker–0.2%$5.6m350,000–new
DBX DROPBOX INCTechnology0.1%$3.1m100,000–new
WPXUSD WPX ENERGY INC–0.1%$3.1m210,000–new

Exited since Q4 2017

23 rows
BTU PEABODY ENERGY CORP7.0%$196m
AABAUSD ALTABA INC4.4%$122m
BAC BANK OF AMER CORP4.3%$120m
AMZN AMAZON COM INC4.2%$118m
ETRA E TRADE FINANCIAL CORP3.5%$96.9m
SIG SIGNET JEWELERS LIMITED2.8%$77.1m
DVN DEVON ENERGY CORP NEW1.8%$50.7m
KRE SPDR SERIES TRUST1.7%$46.7m
GD GENERAL DYNAMICS CORP1.5%$42.7m
AVGO BROADCOM LTD1.5%$40.8m
PNC PNC FINL SVCS GROUP INC1.3%$37.4m
NBIS NEBIUS GROUP N.V.1.3%$36.0m
BWXT BWX TECHNOLOGIES INC1.1%$31.9m
CXOEUR CONCHO RES INC1.1%$31.0m
ANDEAVOR no ticker1.1%$30.8m
2663134D BITAUTO HLDGS LTD0.9%$23.6m
MBI MBIA INC0.8%$23.2m
HII HUNTINGTON INGALLS INDS INC0.8%$21.9m
CTRIP COM INTL LTD no ticker0.6%$17.1m
AGO ASSURED GUARANTY LTD0.4%$11.8m
XLE SELECT SECTOR SPDR TR0.3%$9.7m
5TC TRUECAR INC0.3%$9.1m
TMUS T-MOBILE US INC0.2%$6.0m

Sector mix

  • Unclassified31.6%
  • Technology17.7%
  • Communication Services12.4%
  • Financial Services10.9%
  • Consumer Cyclical9.0%
  • Energy8.9%
  • Consumer Defensive4.4%
  • Healthcare2.6%
  • Industrials2.4%

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