WhaleCreep

Discovery Capital Management, LLC 13F holdings, Q1 2026

Hedge fundSEC filingsCompare with another fundHoldings as of 2026-03-31, filed 2026-05-15

Discovery Capital Management, LLC disclosed 77 US equity positions worth $1.9bn in its Q1 2026 13F filing. Its largest position is SNDK at 6.1% of the reported book, followed by AMX and MU. Versus Q4 2025 it opened 27 new positions, added to 26, reduced 8 and exited 38.

$1.9bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
77
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
6.1%
Largest position
The largest single position as a share of the reported equity book.
43.0%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
35
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 2025: 27 new, 26 added, 8 reduced, 38 exited

50 of 77
SNDK SANDISK CORPTechnology6.1%$117m183,700–new
AMX AMERICA MOVIL SAB DE CVCommunication Services5.9%$113m4.44m+3.6%added
MU MICRON TECHNOLOGY INCTechnology4.8%$93.3m276,050+162%added
ON ON SEMICONDUCTOR CORPTechnology4.5%$87.3m1.41m–new
METC RAMACO RES INCBasic Materials4.4%$85.2m5.51m0.0%held
CAR AVIS BUDGET GROUP INCIndustrials4.2%$80.0m548,677–new
TV GRUPO TELEVISA S A BCommunication Services3.4%$65.1m22.39m+2.6%added
LRCX LAM RESEARCH CORPTechnology3.3%$63.7m298,016+96%added
IREN IREN LIMITEDFinancial Services3.3%$62.9m1.83m−29%reduced
JBS JBS N.V.Consumer Defensive3.1%$60.4m3.37m+14%added
INTERCORP FINL SVCS INC no ticker–2.8%$53.1m1.06m–new
VNET VNET GROUP INCTechnology2.6%$50.4m6.01m−4.9%reduced
COF CAPITAL ONE FINL CORPFinancial Services2.5%$49.0m268,810+16%added
ECHO ECHOSTAR CORPCommunication Services2.5%$48.3m412,300+138%added
BAP CREDICORP LTDFinancial Services2.5%$47.7m140,700+71%added
JPM JPMORGAN CHASE & COFinancial Services2.4%$45.5m154,700−32%reduced
COMP COMPASS INCReal Estate2.3%$44.4m6.07m+97%added
GGAL GRUPO FINANCIERO GALICIA S.AFinancial Services2.1%$40.6m869,129+36%added
CX CEMEX SAB DE CVBasic Materials2.1%$39.8m3.47m+12%added
PPTA PERPETUA RESOURCES CORP–1.9%$36.7m1.31m0.0%held
GENI GENIUS SPORTS LIMITEDCommunication Services1.7%$33.0m7.45m+79%added
NU NU HLDGS LTDFinancial Services1.7%$32.2m2.24m+425%added
PSN PARSONS CORPORATIONTechnology1.4%$27.0m499,1000.0%held
QXO QXO INCIndustrials1.4%$26.7m1.38m+2.2%added
PRMB PRIMO BRANDS CORPORATIONConsumer Defensive1.4%$26.4m1.40m−19%reduced
AMZN AMAZON COM INCConsumer Cyclical1.3%$25.9m124,400+187%added
YPF YPF SOCIEDAD ANONIMAEnergy1.3%$24.9m538,192+99%added
IBIT ISHARES BITCOIN TRUST ETF–1.3%$24.7m643,725+9332%added
ULTA ULTA BEAUTY INCConsumer Cyclical1.3%$24.4m46,600–new
GEO GEO GROUP INCIndustrials1.2%$24.0m1.43m+8.7%added
VLO VALERO ENERGY CORPEnergy1.1%$21.0m85,000–new
APP APPLOVIN CORPCommunication Services1.0%$20.2m50,640+36%added
AGRO ADECOAGRO S AConsumer Defensive1.0%$19.1m1.27m+5.9%added
LNG CHENIERE ENERGY INCEnergy1.0%$19.1m67,400–new
FISV FISERV INC–0.9%$17.3m309,600+19%added
BBAR BANCO BBVA ARGENTINA S AFinancial Services0.8%$16.2m1.01m+125%added
ROST ROSS STORES INCConsumer Cyclical0.8%$15.5m71,600–new
TER TERADYNE INCTechnology0.8%$15.4m52,000–new
SOXX ISHARES TR–0.8%$14.5m44,200–new
GLNG GOLAR LNG LTDEnergy0.7%$14.4m266,500+39%added
CHDN CHURCHILL DOWNS INCConsumer Cyclical0.7%$14.4m160,200−5.2%reduced
PINS PINTEREST INCCommunication Services0.7%$14.2m772,924+24%added
RKT ROCKET COS INCFinancial Services0.7%$12.6m884,300–new
CLF CLEVELAND CLIFFS INCBasic Materials0.6%$12.2m1.45m−27%reduced
MDLN MEDLINE INCHealthcare0.6%$11.1m250,000–new
HERTZ GLOBAL HLDGS INC no ticker–0.6%$10.7m4.68m0.0%held
NVDA NVIDIA CORPORATIONTechnology0.5%$10.0m57,200–new
CRM SALESFORCE INCTechnology0.5%$9.2m49,500–new
INTU INTUITTechnology0.5%$9.2m21,300–new
AEM AGNICO EAGLE MINES LTDBasic Materials0.5%$8.8m43,300−14%reduced

Exited since Q4 2025

38 rows
AMKR AMKOR TECHNOLOGY INC5.6%$103m
COHR COHERENT CORP3.3%$60.7m
GDS GDS HLDGS LTD2.7%$49.8m
EAT BRINKER INTL INC1.9%$35.9m
TTWO TAKE-TWO INTERACTIVE SOFTWAR1.9%$35.1m
AVGO BROADCOM INC1.6%$28.8m
AMD ADVANCED MICRO DEVICES INC1.5%$28.1m
META META PLATFORMS INC1.5%$27.7m
ORBS EIGHTCO HOLDINGS INC1.4%$25.7m
LITE LUMENTUM HLDGS INC1.2%$23.0m
AWI ARMSTRONG WORLD INDS INC NEW1.2%$22.5m
GRAYSCALE COINDESK CRYPTO no ticker0.9%$17.5m
BA BOEING CO0.9%$16.7m
ADBE ADOBE INC0.7%$13.3m
UAL UNITED AIRLINES HLDGS INC0.6%$11.7m
ACMR ACM RESEARCH INC0.6%$11.7m
SOLV SOLVENTUM CORP0.6%$11.7m
DAL DELTA AIR LINES INC0.6%$11.6m
ESTA ESTABLISHMENT LABS HLDGS INC0.6%$11.3m
DDOG DATADOG INC0.6%$11.3m
MCD MCDONALDS CORP0.6%$11.2m
BIDU BAIDU INC0.5%$9.9m
DPZ DOMINOS PIZZA INC0.5%$9.9m
SNAP SNAP INC0.4%$8.3m
EWW ISHARES INC0.4%$7.3m
KRMN KARMAN HLDGS INC0.3%$5.5m
LOAR LOAR HOLDINGS INC0.3%$5.1m
NVT NVENT ELECTRIC PLC0.2%$4.5m
BMA BANCO MACRO S A0.2%$4.4m
VIK VIKING HOLDINGS LTD0.2%$3.6m
FRO FRONTLINE PLC0.2%$3.5m
SLM SLM CORP0.2%$3.0m
SN SHARKNINJA INC0.2%$2.8m
GLXY GALAXY DIGITAL INC.0.1%$2.2m
CLS CELESTICA INC0.1%$2.2m
BE BLOOM ENERGY CORP0.1%$2.2m
GSIT GSI TECHNOLOGY INC0.06%$1.1m
SPY SPDR S&P 500 ETF Trust0.06%$1.0m

Sector mix

  • Technology26.0%
  • Financial Services16.2%
  • Communication Services15.7%
  • Unclassified9.1%
  • Industrials7.9%
  • Basic Materials7.6%
  • Consumer Defensive5.5%
  • Consumer Cyclical4.6%
  • Energy4.1%
  • Real Estate2.5%
  • Healthcare0.7%

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