Discovery Capital Management 13F holdings, Q3 2025
Holdings as of September 30, 2025 · filings on SEC EDGAR · latest filing →
Discovery Capital Management disclosed 86 US equity positions worth $1.8bn in its Q3 2025 13F filing. The largest position was METC at 9.9% of the reported book, followed by IREN and ORBS. Against the Q2 2025 filing, it opened 21 new positions, added to 12 and reduced 14 among the top 50 holdings.
What did Discovery Capital Management own in Q3 2025? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2025 |
|---|---|---|---|---|---|---|---|
| 1 | METC RAMACO RES INC | Basic Materials | 9.9% | $181.0m | 5,452,360 | 316% | added |
| 2 | IREN IREN LIMITED | Financial Services | 8.7% | $158.0m | 3,365,700 | -19% | reduced |
| 3 | ORBS EIGHTCO HOLDINGS INC | 7.2% | $131.6m | 14,383,562 | – | new | |
| 4 | GRAYSCALE COINDESK CRYPTO | 5.5% | $101.2m | 1,810,264 | – | new | |
| 5 | AMX AMERICA MOVIL SAB DE CV | 5.4% | $98.3m | 4,681,483 | -12% | reduced | |
| 6 | GENI GENIUS SPORTS LIMITED | Communication Services | 3.5% | $63.4m | 5,123,443 | -25% | reduced |
| 7 | JPM JPMORGAN CHASE & CO. | Financial Services | 3.0% | $53.9m | 170,800 | 2% | added |
| 8 | TV GRUPO TELEVISA S A B | 2.7% | $48.7m | 18,117,803 | 0% | held | |
| 9 | COF CAPITAL ONE FINL CORP | Financial Services | 2.4% | $43.0m | 202,310 | -16% | reduced |
| 10 | GDS GDS HLDGS LTD | Technology | 2.2% | $40.9m | 1,056,200 | – | new |
| 11 | VIST VISTA ENERGY S.A.B. DE C.V. | Energy | 2.2% | $40.7m | 1,184,578 | -1% | reduced |
| 12 | PRMB PRIMO BRANDS CORPORATION | Consumer Defensive | 2.2% | $39.5m | 1,786,100 | 694% | added |
| 13 | PSN PARSONS CORP DEL | Technology | 2.0% | $36.3m | 438,200 | -4% | reduced |
| 14 | QXO QXO INC | Industrials | 1.9% | $35.0m | 1,835,338 | -23% | reduced |
| 15 | TTWO TAKE-TWO INTERACTIVE SOFTWAR | Communication Services | 1.8% | $33.2m | 128,507 | -3% | reduced |
| 16 | CLS CELESTICA INC | Technology | 1.7% | $30.2m | 122,521 | -66% | reduced |
| 17 | CX CEMEX SAB DE CV | Basic Materials | 1.6% | $28.7m | 3,197,500 | -6% | reduced |
| 18 | GEO GEO GROUP INC NEW | Industrials | 1.5% | $27.8m | 1,358,000 | 8% | added |
| 19 | ELV ELEVANCE HEALTH INC FORMERLY | Healthcare | 1.5% | $27.3m | 84,500 | – | new |
| 20 | AMTM AMENTUM HOLDINGS INC | Industrials | 1.5% | $27.3m | 1,139,112 | -50% | reduced |
| 21 | CI THE CIGNA GROUP | Healthcare | 1.4% | $26.3m | 91,100 | – | new |
| 22 | HDB HDFC BANK LTD | Financial Services | 1.4% | $25.8m | 755,600 | 47% | added |
| 23 | EWW ISHARES INC | 1.4% | $25.1m | 368,550 | 1169% | added | |
| 24 | EAT BRINKER INTL INC | Consumer Cyclical | 1.3% | $24.0m | 189,311 | 92% | added |
| 25 | SEI SOLARIS ENERGY INFRAS INC | Energy | 1.2% | $22.8m | 569,200 | – | new |
| 26 | APP APPLOVIN CORP | Communication Services | 1.2% | $21.8m | 30,340 | 9% | added |
| 27 | CLF CLEVELAND-CLIFFS INC NEW | Basic Materials | 1.2% | $21.7m | 1,777,700 | – | new |
| 28 | JBL JABIL INC | Technology | 1.2% | $21.2m | 97,700 | – | new |
| 29 | ISHARES INC | 1.1% | $20.9m | 635,200 | 400% | added | |
| 30 | COMP COMPASS INC | Real Estate | 1.0% | $18.3m | 2,273,161 | 0% | held |
| 31 | GOOGL ALPHABET INC | Communication Services | 1.0% | $17.7m | 72,900 | – | new |
| 32 | HERTZ GLOBAL HLDGS INC | 1.0% | $17.4m | 4,675,405 | -4% | reduced | |
| 33 | VNET VNET GROUP INC | Technology | 0.9% | $16.7m | 1,614,500 | – | new |
| 34 | BAP CREDICORP LTD | Financial Services | 0.9% | $16.6m | 62,300 | -3% | reduced |
| 35 | DDOG DATADOG INC | Technology | 0.9% | $15.8m | 111,000 | – | new |
| 36 | FISV FISERV INC | 0.7% | $12.8m | 99,193 | – | new | |
| 37 | PINS PINTEREST INC | Communication Services | 0.6% | $11.4m | 354,500 | 34% | added |
| 38 | LBRT LIBERTY ENERGY INC | Energy | 0.6% | $11.2m | 904,200 | – | new |
| 39 | NU NU HLDGS LTD | Financial Services | 0.6% | $11.1m | 691,500 | 14% | added |
| 40 | PPTA PERPETUA RESOURCES CORP | 0.6% | $10.6m | 526,100 | – | new | |
| 41 | SNAP SNAP INC | Communication Services | 0.6% | $10.6m | 1,375,600 | 11% | added |
| 42 | GLNG GOLAR LNG LTD | Energy | 0.6% | $10.6m | 261,200 | -21% | reduced |
| 43 | BKR BAKER HUGHES COMPANY | Energy | 0.6% | $10.4m | 212,700 | – | new |
| 44 | IR INGERSOLL RAND INC | Industrials | 0.6% | $10.2m | 123,000 | – | new |
| 45 | BIDU BAIDU INC | Communication Services | 0.5% | $10.0m | 75,800 | – | new |
| 46 | STUB STUBHUB HLDGS INC | Communication Services | 0.5% | $10.0m | 593,100 | – | new |
| 47 | IBIT ISHARES BITCOIN TRUST ETF | 0.5% | $9.2m | 142,000 | – | new | |
| 48 | ECHO ECHOSTAR CORP | Communication Services | 0.5% | $9.1m | 118,900 | – | new |
| 49 | PHM PULTE GROUP INC | Consumer Cyclical | 0.5% | $9.0m | 68,200 | – | new |
| 50 | AEM AGNICO EAGLE MINES LTD | Basic Materials | 0.5% | $8.8m | 52,000 | 0% | held |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.