WhaleCreep

Discovery Capital Management, LLC 13F holdings, Q2 2023

Hedge fundSEC filingsCompare with another fundHoldings as of 2023-06-30, filed 2023-08-14

Discovery Capital Management, LLC disclosed 53 US equity positions worth $857.1m in its Q2 2023 13F filing. Its largest position is HTZ at 11.5% of the reported book, followed by VIST and TV. Versus Q1 2023 it opened 29 new positions, added to 9, reduced 12 and exited 20.

$857m
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
53
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
11.5%
Largest position
The largest single position as a share of the reported equity book.
55.3%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
22
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 Q1 2023: 29 new, 9 added, 12 reduced, 20 exited

50 of 53
HTZ HERTZ GLOBAL HLDGS INCIndustrials11.5%$98.5m5.36m−8.4%reduced
VIST VISTA ENERGY S.A.B. DE C.V.Energy9.8%$83.9m3.48m−2.2%reduced
TV GRUPO TELEVISA S A BCommunication Services7.0%$60.2m11.74m−5.5%reduced
UBS UBS GROUP AGFinancial Services6.6%$56.9m2.81m–new
AMZN AMAZON COM INCConsumer Cyclical4.3%$37.1m284,612–new
NVDA NVIDIA CORPORATIONTechnology3.9%$33.0m78,096+355%added
ANET ARISTA NETWORKS INCTechnology3.7%$31.9m196,839−9.1%reduced
VRT VERTIV HOLDINGS COIndustrials3.0%$25.7m1.04m–new
KVUE KENVUE INCConsumer Defensive2.9%$24.6m932,800–new
STNE STONECO LTDTechnology2.6%$21.9m1.72m–new
NIO NIO INCConsumer Cyclical2.5%$21.7m2.24m–new
TMUS T-MOBILE US INCCommunication Services2.4%$20.3m145,950–new
INTC INTEL CORPTechnology2.3%$19.9m596,565–new
EWZ ISHARES INC–2.2%$18.5m570,800+5.3%added
CRDO CREDO TECHNOLOGY GROUP HOLDITechnology2.2%$18.5m1.07m+28%added
NXH BED BATH & BEYOND INCConsumer Cyclical2.1%$17.9m548,927–new
OXY OCCIDENTAL PETE CORPEnergy1.9%$16.1m273,541–new
CNC CENTENE CORP DELHealthcare1.8%$15.6m230,800+81%added
XPEV XPENG INCConsumer Cyclical1.7%$15.0m1.12m–new
COMP COMPASS INCReal Estate1.6%$14.0m4.00m+5.1%added
BABA ALIBABA GROUP HLDG LTDConsumer Cyclical1.6%$13.7m164,200−61%reduced
MBLY MOBILEYE GLOBAL INCConsumer Cyclical1.6%$13.5m352,485–new
META META PLATFORMS INCCommunication Services1.4%$12.4m43,225–new
UNH UNITEDHEALTH GROUP INCHealthcare1.3%$10.8m22,500−78%reduced
DELL DELL TECHNOLOGIES INCTechnology1.2%$10.2m188,868–new
HUM HUMANA INCHealthcare1.1%$9.6m21,500−85%reduced
TH TARGET HOSPITALITY CORPIndustrials1.1%$9.4m698,778–new
NTNX NUTANIX INCTechnology1.0%$8.7m308,759−29%reduced
PCG PG&E CORPUtilities1.0%$8.6m500,000–new
TSM TAIWAN SEMICONDUCTOR MANUFACTechnology1.0%$8.6m85,335–new
TCRT ALAUNOS THERAPEUTICS INCHealthcare0.9%$8.0m15.64m0.0%held
HLIT HARMONIC INCTechnology0.8%$6.7m413,731+208%added
MSFT MICROSOFT CORPTechnology0.7%$6.4m18,700–new
RSP INVESCO EXCHANGE TRADED FD T–0.7%$6.1m40,900–new
ARRY ARRAY TECHNOLOGIES INCTechnology0.7%$5.8m258,300–new
CROX CROCS INCConsumer Cyclical0.7%$5.8m51,800–new
BAP CREDICORP LTDFinancial Services0.7%$5.6m38,0000.0%held
INTERCORP FINL SVCS INC no ticker–0.6%$5.5m221,8690.0%held
AEHR AEHR TEST SYSTEMSTechnology0.6%$5.5m132,579−9.4%reduced
YPF YPF SOCIEDAD ANONIMAEnergy0.6%$5.4m359,944–new
AMX AMERICA MOVIL SAB DE CVCommunication Services0.6%$5.1m236,200–new
CALX CALIX INCTechnology0.6%$4.9m99,118+43%added
8LP1 VITAL ENERGY INC–0.5%$4.5m98,940–new
RMBS RAMBUS INC DELTechnology0.5%$4.1m64,474–new
VNM VANECK ETF TRUST–0.5%$3.9m292,957−13%reduced
RENAISSANCERE HLDGS LTD no ticker–0.4%$3.7m20,000–new
INDA ISHARES TR–0.4%$3.0m69,690+40%added
NFLX NETFLIX INC.Communication Services0.4%$3.0m6,835–new
FORM FORMFACTOR INCTechnology0.3%$2.2m65,408–new
EA SERIES TRUST no ticker–0.2%$1.9m60,863−24%reduced

Exited since Q1 2023

20 rows
GOOGL ALPHABET INC4.2%$31.4m
DENUSD DENBURY INC3.4%$25.5m
AMD ADVANCED MICRO DEVICES INC2.7%$19.8m
ELV ELEVANCE HEALTH INC2.3%$16.7m
MU MICRON TECHNOLOGY INC2.2%$16.5m
SSTK SHUTTERSTOCK INC2.1%$15.7m
PNC PNC FINL SVCS GROUP INC1.4%$10.6m
NXT NEXTPOWER INC1.4%$10.1m
JPM JPMORGAN CHASE & CO1.1%$8.5m
PAM PAMPA ENERGIA SA1.1%$8.2m
BMA BANCO MACRO S A1.1%$7.8m
HAS HASBRO INC0.7%$5.4m
CRM SALESFORCE INC0.7%$5.2m
BRSP BRIGHTSPIRE CAPITAL INC0.6%$4.6m
ALITEUR ALIGHT INC0.4%$3.2m
CWAN CLEARWATER ANALYTICS HLDGS I0.3%$2.3m
TEAM ATLASSIAN CORPORATION0.3%$2.1m
BE BLOOM ENERGY CORP0.3%$2.0m
SOXS DIREXION SHS ETF TR0.2%$1.4m
CRVS CORVUS PHARMACEUTICALS INC0.07%$499k

Sector mix

  • Technology22.0%
  • Industrials15.7%
  • Consumer Cyclical14.5%
  • Energy12.3%
  • Communication Services11.8%
  • Financial Services7.4%
  • Unclassified5.7%
  • Healthcare5.1%
  • Consumer Defensive2.9%
  • Real Estate1.6%
  • Utilities1.0%

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