WhaleCreep

Discovery Capital Management, LLC 13F holdings, Q4 2023

Hedge fundSEC filingsCompare with another fundHoldings as of 2023-12-31, filed 2024-02-14

Discovery Capital Management, LLC disclosed 49 US equity positions worth $661.2m in its Q4 2023 13F filing. Its largest position is VIST at 12.9% of the reported book, followed by TV and HTZ. Versus Q3 2023 it opened 23 new positions, added to 14, reduced 8 and exited 13.

$661m
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
49
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.
57.3%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
21
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 2023: 23 new, 14 added, 8 reduced, 13 exited

49 rows
VIST VISTA ENERGY S.A.B. DE C.V.Energy12.9%$85.0m2.88m−12%reduced
TV GRUPO TELEVISA S A BCommunication Services7.5%$49.9m14.93m+21%added
HTZ HERTZ GLOBAL HLDGS INCIndustrials6.8%$45.1m4.34m−7.6%reduced
STNE STONECO LTDTechnology6.1%$40.3m2.24m+31%added
HERTZ GLOBAL HLDGS INC no ticker–5.2%$34.4m6.27m+117%added
EWW ISHARES INC–4.8%$31.6m465,795+1908%added
CRDO CREDO TECHNOLOGY GROUP HOLDITechnology4.1%$27.2m1.40m+22%added
ITUB ITAU UNIBANCO HLDG S AFinancial Services3.7%$24.7m3.56m–new
RTX RTX CORPORATIONIndustrials3.1%$20.8m247,300–new
GGAL GRUPO FINANCIERO GALICIA S.AFinancial Services3.0%$20.0m1.16m+171%added
AGRO ADECOAGRO S AConsumer Defensive2.7%$18.2m1.64m+412%added
RSP INVESCO EXCHANGE TRADED FD T–2.6%$17.1m108,275+526%added
CX CEMEX SAB DE CVBasic Materials2.3%$15.1m1.95m–new
GENI GENIUS SPORTS LIMITEDCommunication Services2.2%$14.2m2.30m–new
COMP COMPASS INCReal Estate2.1%$14.0m3.72m−7.7%reduced
ANF ABERCROMBIE & FITCH COConsumer Cyclical2.1%$13.8m156,300–new
EWZ ISHARES INC–2.1%$13.7m392,700–new
ANET ARISTA NETWORKS INCTechnology1.9%$12.3m52,432+3.4%added
8LP1 VITAL ENERGY INC–1.7%$11.2m245,467−3.9%reduced
NTNX NUTANIX INCTechnology1.6%$10.7m224,844−20%reduced
UAA UNDER ARMOUR INCConsumer Cyclical1.5%$10.0m1.14m–new
NXH BED BATH & BEYOND INCConsumer Cyclical1.4%$9.0m323,844−54%reduced
SMTC SEMTECH CORPTechnology1.3%$8.7m398,700–new
AMX AMERICA MOVIL SAB DE CVCommunication Services1.2%$8.0m433,200+16%added
LNG CHENIERE ENERGY INCEnergy1.2%$7.9m46,300–new
LEU CENTRUS ENERGY CORPEnergy1.2%$7.9m144,700–new
BMA BANCO MACRO S AFinancial Services1.2%$7.6m266,111+54%added
MELI MERCADOLIBREConsumer Cyclical1.1%$7.1m4,535–new
YPF YPF SOCIEDAD ANONIMAEnergy1.0%$6.6m384,879+5.8%added
INTERCORP FINL SVCS INC no ticker–1.0%$6.4m291,869+32%added
COIN COINBASE GLOBAL INCFinancial Services0.9%$5.8m33,596–new
WOLF WOLFSPEED INCTechnology0.8%$5.5m126,600–new
HLIT HARMONIC INCTechnology0.8%$5.4m413,412−5.9%reduced
CELH CELSIUS HLDGS INCConsumer Defensive0.8%$5.3m98,100–new
BABA ALIBABA GROUP HLDG LTDConsumer Cyclical0.6%$4.1m52,300–new
JAMES RIV GROUP LTD no ticker–0.6%$4.0m428,524–new
PAGS PAGSEGURO DIGITAL LTDTechnology0.6%$3.9m315,600+0.8%added
VNM VANECK ETF TRUST–0.6%$3.8m292,9570.0%held
UA UNDER ARMOUR INCConsumer Cyclical0.6%$3.7m439,300–new
XP XP INCFinancial Services0.5%$3.5m135,100–new
BBD BANCO BRADESCO S AFinancial Services0.5%$3.5m996,700–new
ARGT GLOBAL X FDS–0.5%$3.0m59,200–new
XES SPDR SER TR–0.5%$3.0m35,500–new
FORM FORMFACTOR INCTechnology0.4%$2.7m65,4080.0%held
INDA ISHARES TR–0.3%$2.3m46,4600.0%held
EA SERIES TRUST no ticker–0.3%$2.0m60,8630.0%held
IEF ISHARES TR–0.06%$403k4,181–new
TCRT ALAUNOS THERAPEUTICS INCHealthcare0.04%$283k4.00m−74%reduced
HYG ISHARES TR–0.03%$219k2,824–new

Exited since Q3 2023

13 rows
NVDA NVIDIA CORPORATION9.3%$51.8m
GOOGL ALPHABET INC6.7%$37.1m
CROX CROCS INC6.0%$33.5m
PFE PFIZER INC5.7%$31.7m
AVGO BROADCOM INC2.9%$15.9m
PCG PG&E CORP1.5%$8.5m
MBLY MOBILEYE GLOBAL INC1.5%$8.3m
AMD ADVANCED MICRO DEVICES INC0.6%$3.5m
AMC AMC ENTMT HLDGS INC0.5%$2.7m
TLT ISHARES TR0.4%$2.0m
OPRA OPERA LTD0.2%$1.1m
RAYZEBIO INC no ticker0.2%$1.1m
ODD ODDITY TECH LTD0.08%$445k

Sector mix

  • Unclassified20.1%
  • Technology17.7%
  • Energy16.2%
  • Communication Services10.9%
  • Industrials10.0%
  • Financial Services9.9%
  • Consumer Cyclical7.2%
  • Consumer Defensive3.6%
  • Basic Materials2.3%
  • Real Estate2.1%
  • Healthcare0.04%

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