Discovery Capital Management 13F holdings, Q4 2025
Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →
Discovery Capital Management disclosed 88 US equity positions worth $1.8bn in its Q4 2025 13F filing. The largest position was AMKR at 5.6% of the reported book, followed by METC and IREN. Against the Q3 2025 filing, it opened 16 new positions, added to 22 and reduced 9 among the top 50 holdings.
What did Discovery Capital Management own in Q4 2025? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2025 |
|---|---|---|---|---|---|---|---|
| 1 | AMKR AMKOR TECHNOLOGY INC | Technology | 5.6% | $103.2m | 2,614,934 | – | new |
| 2 | METC RAMACO RES INC | Basic Materials | 5.4% | $99.2m | 5,511,360 | 1% | added |
| 3 | IREN IREN LIMITED | Financial Services | 5.3% | $97.6m | 2,583,458 | -23% | reduced |
| 4 | AMX AMERICA MOVIL SAB DE CV | 4.8% | $88.7m | 4,291,383 | -8% | reduced | |
| 5 | JPM JPMORGAN CHASE & CO. | Financial Services | 4.0% | $73.2m | 227,200 | 33% | added |
| 6 | TV GRUPO TELEVISA S A B | 3.4% | $63.5m | 21,819,041 | 20% | added | |
| 7 | COHR COHERENT CORP | Technology | 3.3% | $60.7m | 328,837 | – | new |
| 8 | COF CAPITAL ONE FINL CORP | Financial Services | 3.0% | $56.3m | 232,210 | 15% | added |
| 9 | VNET VNET GROUP INC | Technology | 2.9% | $53.5m | 6,319,100 | 291% | added |
| 10 | GDS GDS HLDGS LTD | Technology | 2.7% | $49.8m | 1,428,017 | 35% | added |
| 11 | GENI GENIUS SPORTS LIMITED | Communication Services | 2.5% | $45.9m | 4,165,345 | -19% | reduced |
| 12 | JBS JBS N.V. | Consumer Defensive | 2.3% | $42.4m | 2,942,400 | 513% | added |
| 13 | EAT BRINKER INTL INC | Consumer Cyclical | 1.9% | $35.9m | 250,111 | 32% | added |
| 14 | CX CEMEX SAB DE CV | Basic Materials | 1.9% | $35.5m | 3,091,700 | -3% | reduced |
| 15 | TTWO TAKE-TWO INTERACTIVE SOFTWAR | Communication Services | 1.9% | $35.1m | 136,907 | 7% | added |
| 16 | GGAL GRUPO FINANCIERO GALICIA S.A | Financial Services | 1.9% | $34.6m | 640,629 | – | new |
| 17 | COMP COMPASS INC | Real Estate | 1.8% | $32.6m | 3,087,561 | 36% | added |
| 18 | PPTA PERPETUA RESOURCES CORP | 1.7% | $31.6m | 1,306,700 | 148% | added | |
| 19 | PSN PARSONS CORP DEL | Technology | 1.7% | $30.8m | 499,100 | 14% | added |
| 20 | MU MICRON TECHNOLOGY INC | Technology | 1.6% | $30.0m | 105,200 | – | new |
| 21 | AVGO BROADCOM INC | Technology | 1.6% | $28.8m | 83,200 | – | new |
| 22 | PRMB PRIMO BRANDS CORPORATION | Consumer Defensive | 1.5% | $28.4m | 1,736,100 | -3% | reduced |
| 23 | AMD ADVANCED MICRO DEVICES INC | Technology | 1.5% | $28.1m | 131,400 | – | new |
| 24 | META META PLATFORMS INC | Communication Services | 1.5% | $27.7m | 42,000 | – | new |
| 25 | HDB HDFC BANK LTD | Financial Services | 1.5% | $27.6m | 755,600 | 0% | held |
| 26 | CLF CLEVELAND-CLIFFS INC NEW | Basic Materials | 1.4% | $26.3m | 1,977,700 | 11% | added |
| 27 | LRCX LAM RESEARCH CORP | Technology | 1.4% | $26.0m | 151,900 | – | new |
| 28 | QXO QXO INC | Industrials | 1.4% | $26.0m | 1,346,538 | -27% | reduced |
| 29 | ORBS EIGHTCO HOLDINGS INC | 1.4% | $25.7m | 14,869,791 | 3% | added | |
| 30 | APP APPLOVIN CORP | Communication Services | 1.4% | $25.1m | 37,240 | 23% | added |
| 31 | BAP CREDICORP LTD | Financial Services | 1.3% | $23.7m | 82,500 | 32% | added |
| 32 | LITE LUMENTUM HLDGS INC | Technology | 1.2% | $23.0m | 62,400 | – | new |
| 33 | AWI ARMSTRONG WORLD INDS INC NEW | Industrials | 1.2% | $22.5m | 118,000 | – | new |
| 34 | GEO GEO GROUP INC NEW | Industrials | 1.1% | $21.1m | 1,311,900 | -3% | reduced |
| 35 | CHDN CHURCHILL DOWNS INC | Consumer Cyclical | 1.0% | $19.2m | 168,900 | – | new |
| 36 | ECHO ECHOSTAR CORP | Communication Services | 1.0% | $18.8m | 173,000 | 46% | added |
| 37 | GRAYSCALE COINDESK CRYPTO | 0.9% | $17.5m | 423,129 | -77% | reduced | |
| 38 | FISV FISERV INC | 0.9% | $17.4m | 259,100 | 161% | added | |
| 39 | BA BOEING CO | Industrials | 0.9% | $16.7m | 77,000 | – | new |
| 40 | PINS PINTEREST INC | Communication Services | 0.9% | $16.1m | 621,200 | 75% | added |
| 41 | ADBE ADOBE INC | Technology | 0.7% | $13.3m | 37,900 | – | new |
| 42 | STUB STUBHUB HLDGS INC | Communication Services | 0.7% | $13.0m | 960,507 | 62% | added |
| 43 | HERTZ GLOBAL HLDGS INC | 0.7% | $12.5m | 4,675,405 | 0% | held | |
| 44 | UAL UNITED AIRLS HLDGS INC | Industrials | 0.6% | $11.7m | 105,000 | – | new |
| 45 | ACMR ACM RESH INC | Technology | 0.6% | $11.7m | 296,200 | 345% | added |
| 46 | SOLV SOLVENTUM CORP | Healthcare | 0.6% | $11.7m | 147,300 | 84% | added |
| 47 | DAL DELTA AIR LINES INC DEL | Industrials | 0.6% | $11.6m | 167,000 | – | new |
| 48 | ESTA ESTABLISHMENT LABS HLDGS INC | Healthcare | 0.6% | $11.3m | 155,275 | 0% | held |
| 49 | DDOG DATADOG INC | Technology | 0.6% | $11.3m | 83,200 | -25% | reduced |
| 50 | MCD MCDONALDS CORP | Consumer Cyclical | 0.6% | $11.2m | 36,800 | – | new |
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.