WhaleCreep

Discovery Capital Management, LLC 13F holdings, Q1 2023

Hedge fundSEC filingsCompare with another fundHoldings as of 2023-03-31, filed 2023-05-15

Discovery Capital Management, LLC disclosed 44 US equity positions worth $740.1m in its Q1 2023 13F filing. Its largest position is HTZ at 12.9% of the reported book, followed by VIST and HUM. Versus Q4 2022 it opened 24 new positions, added to 11, reduced 7 and exited 27.

$740m
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
44
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
12.9%
Largest position
The largest single position as a share of the reported equity book.
68.3%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
17
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 2022: 24 new, 11 added, 7 reduced, 27 exited

44 rows
HTZ HERTZ GLOBAL HLDGS INCIndustrials12.9%$95.2m5.85m−13%reduced
VIST VISTA ENERGY S.A.B. DE C.V.Energy9.5%$70.3m3.55m+24%added
HUM HUMANA INCHealthcare9.4%$69.6m143,290–new
TV GRUPO TELEVISA S A BCommunication Services8.9%$65.7m12.41m+207%added
UNH UNITEDHEALTH GROUP INCHealthcare6.6%$48.9m103,450–new
BABA ALIBABA GROUP HLDG LTDConsumer Cyclical5.8%$43.1m422,065–new
ANET ARISTA NETWORKS INCTechnology4.9%$36.3m216,489+100%added
GOOGL ALPHABET INCCommunication Services4.2%$31.4m302,300–new
DENUSD DENBURY INC–3.4%$25.5m290,515−59%reduced
AMD ADVANCED MICRO DEVICES INCTechnology2.7%$19.8m201,897–new
ELV ELEVANCE HEALTH INCHealthcare2.3%$16.7m36,400–new
MU MICRON TECHNOLOGY INCTechnology2.2%$16.5m273,101–new
SSTK SHUTTERSTOCK INCCommunication Services2.1%$15.7m215,629–new
EWZ ISHARES INC–2.0%$14.8m542,000+2301%added
GGAL GRUPO FINANCIERO GALICIA S.AFinancial Services2.0%$14.6m1.33m−25%reduced
COMP COMPASS INCReal Estate1.7%$12.3m3.80m+2.6%added
NTNX NUTANIX INCTechnology1.5%$11.2m432,789+57%added
PNC PNC FINL SVCS GROUP INCFinancial Services1.4%$10.6m83,300–new
NXT NEXTPOWER INCTechnology1.4%$10.1m277,700–new
TCRT ALAUNOS THERAPEUTICS INCHealthcare1.3%$9.9m15.64m−3.4%reduced
JPM JPMORGAN CHASE & COFinancial Services1.1%$8.5m65,200–new
PAM PAMPA ENERGIA SAIndustrials1.1%$8.2m249,946−30%reduced
CNC CENTENE CORP DELHealthcare1.1%$8.1m127,600–new
CRDO CREDO TECHNOLOGY GROUP HOLDITechnology1.1%$7.9m835,466+597%added
BMA BANCO MACRO S AFinancial Services1.1%$7.8m438,978+2.9%added
HAS HASBRO INCConsumer Cyclical0.7%$5.4m100,539–new
CRM SALESFORCE INCTechnology0.7%$5.2m26,200–new
INTERCORP FINL SVCS INC no ticker–0.7%$5.1m221,8690.0%held
BAP CREDICORP LTDFinancial Services0.7%$5.0m38,000−79%reduced
NVDA NVIDIA CORPORATIONTechnology0.6%$4.8m17,168–new
BRSP BRIGHTSPIRE CAPITAL INC–0.6%$4.6m776,000–new
AEHR AEHR TEST SYSTEMSTechnology0.6%$4.5m146,376–new
VNM VANECK ETF TRUST–0.6%$4.1m335,757–new
CALX CALIX INCTechnology0.5%$3.7m69,467+201%added
ALITEUR ALIGHT INC–0.4%$3.2m350,000–new
EA SERIES TRUST no ticker–0.3%$2.4m80,036+71%added
CWAN CLEARWATER ANALYTICS HLDGS ITechnology0.3%$2.3m145,000–new
TEAM ATLASSIAN CORPORATIONTechnology0.3%$2.1m12,025–new
HLIT HARMONIC INCTechnology0.3%$2.0m134,376+13%added
INDA ISHARES TR–0.3%$2.0m49,800–new
BE BLOOM ENERGY CORPIndustrials0.3%$2.0m98,200–new
SOXS DIREXION SHS ETF TR–0.2%$1.4m87,038–new
EWW ISHARES INC–0.2%$1.3m22,090−96%reduced
CRVS CORVUS PHARMACEUTICALS INCHealthcare0.07%$499k548,7270.0%held

Exited since Q4 2022

27 rows
FMX FOMENTO ECONOMICO MEXICANO S8.7%$58.9m
TMUS T-MOBILE US INC7.0%$46.9m
ITA ISHARES TR3.7%$25.1m
BA BOEING CO3.6%$24.6m
EPR EPR PPTYS2.1%$14.1m
JNP JUNIPER NETWORKS INC2.0%$13.5m
SEDG SOLAREDGE TECHNOLOGIES INC1.9%$12.7m
RUN SUNRUN INC1.8%$12.4m
AMXN AMERICA MOVIL SAB DE CV1.7%$11.7m
YPF YPF SOCIEDAD ANONIMA1.6%$10.9m
SGML SIGMA LITHIUM CORPORATION1.2%$8.1m
EPI WISDOMTREE TR1.2%$7.9m
ROG ROGERS CORP1.0%$6.8m
T AT&T INC1.0%$6.7m
2362120D SINCLAIR BROADCAST GROUP INC0.8%$5.5m
HDB HDFC BANK LTD0.8%$5.2m
SAVEEUR SPIRIT AIRLS INC0.7%$4.8m
PEJ INVESCO EXCHANGE TRADED FD T0.7%$4.6m
ARRY ARRAY TECHNOLOGIES INC0.7%$4.5m
QQQ INVESCO QQQ TR0.7%$4.4m
EMLC VANECK ETF TRUST0.6%$4.2m
SWKS SKYWORKS SOLUTIONS INC0.6%$4.1m
QCOM QUALCOMM INC0.6%$3.9m
IGOV ISHARES TR0.4%$2.4m
CRC CALIFORNIA RES CORP0.3%$2.0m
RMBS RAMBUS INC DEL0.2%$1.2m
SGHC SUPER GROUP SGHC LIMITED0.08%$516k

Sector mix

  • Healthcare20.8%
  • Technology17.1%
  • Communication Services15.2%
  • Industrials14.2%
  • Energy9.5%
  • Unclassified8.7%
  • Consumer Cyclical6.6%
  • Financial Services6.3%
  • Real Estate1.7%

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