Q2 2026 13F · SEC CIK 1389507

Discovery Capital Management, LLC / Ct

Hedge fundFiled 2026-08-14 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $2.4B
Reported positions: 113
Top holdings a year, 3 yrs: +26.4%
Average holding period: 1.4 yrs

Discovery Capital Management, LLC / Ct is a hedge fund that reported 113 positions worth $2.4B in its Q2 2026 13F, filed 2026-08-14. Its largest holdings were Sandisk Corp (SNDK, 19.6%), Credicorp Ltd (BAP, 4.4%), America Movil Sab de Cv (AMX, 4.3%). A portfolio copying its top holdings returned 26.4% a year over the last 3 years, against 20.4% for the S&P 500.

Discovery Capital Management, LLC / Ct holdings largest 50 of 113 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Discovery Capital Management, LLC / Ct 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
SNDKSandisk Corp	19.6%	6.1%	207,587	+13.0%	$472.0M
BAPCredicorp Ltd	4.4%	2.5%	271,865	+93.2%	$105.9M
AMXAmerica Movil Sab de Cv	4.3%	5.9%	3,988,067	-10.3%	$103.6M
AMCAmc Entmt Hldgs Inc	4.1%	—	51,799,352	—	$98.4M
COMPCompass Inc	3.9%	2.3%	7,526,497	+23.9%	$92.8M
TET1 Energy Inc	2.9%	—	7,465,100	—	$70.8M
METCRamaco Resources	2.9%	4.4%	5,311,360	-3.6%	$70.3M
JBSJbs N.v.	2.7%	3.1%	5,436,300	+61.5%	$64.4M
TVGrupo Televisa S.a.b	2.5%	3.4%	22,117,634	-1.2%	$59.9M
CVXChevron Corporation	2.4%	—	355,336	—	$58.9M
CARAvis Budget Group	2.2%	4.2%	353,848	-35.5%	$52.3M
JPMJpmorgan Chase & Co	2.1%	2.4%	151,300	-2.2%	$49.5M
NUNu Hldgs Ltd	2.0%	1.7%	3,587,500	+60.0%	$47.9M
GGALGrupo Financiero Galicia S.a	1.9%	2.1%	917,929	+5.6%	$45.9M
GENIGenius Sports Limited	1.8%	1.7%	7,231,145	-3.0%	$43.8M
APPApplovin Corp	1.8%	1.0%	83,040	+64.0%	$42.8M
AMZNAmazon Com Inc	1.7%	1.3%	176,435	+41.8%	$42.1M
CXCemex Sab de Cv Spon ADR New	1.6%	2.1%	3,157,800	-9.1%	$37.9M
GEOGeo Group Inc	1.5%	1.2%	1,258,600	-11.7%	$37.2M
COFCapital One Finl Corp	1.4%	2.5%	173,210	-35.6%	$34.7M
PRMBPrimo Brands Corporation Class A Com Shs	1.4%	1.4%	1,379,400	-1.5%	$33.7M
VLOValero Energy Corp	1.3%	1.1%	119,400	+40.5%	$31.1M
RACEFerrari N V	1.3%	—	81,583	—	$30.4M
TTWOTake-Two Interactive Softwar	1.2%	—	115,000	—	$28.7M
PSNParsons Corp Del	1.1%	1.4%	528,600	+5.9%	$27.7M
YPFYpf Sociedad Anonima	1.1%	1.3%	604,992	+12.4%	$27.5M
GSGoldman Sachs Group Inc	1.1%	—	27,000	—	$27.3M
FISVFiserv Inc	1.1%	0.9%	551,200	+78.0%	$27.0M
WOLFWolfspeed Inc	1.1%	—	548,375	—	$26.5M
LPLALpl Finl Hldgs Inc	1.1%	—	93,500	—	$26.3M
PPTAPerpetua Resources Corporation (canada)	1.0%	1.9%	1,186,700	-9.2%	$24.6M
ULTAUlta Beauty Inc	1.0%	1.3%	52,000	+11.6%	$23.5M
BBARBanco Bbva Argentina S A	0.9%	0.8%	1,166,600	+15.8%	$22.9M
QXOQxo Inc	0.9%	1.4%	1,242,390	-9.7%	$21.5M
FIVEFive Below Inc	0.8%	—	102,700	—	$18.5M
WRBYWarby Parker Inc	0.7%	—	587,655	—	$17.8M
ONOn Semiconductor Corp	0.6%	4.5%	162,300	-88.5%	$15.3M
MWHSolv Energy Inc	0.6%	—	411,700	—	$14.0M
PINSPinterest Inc	0.6%	0.7%	665,969	-13.8%	$14.0M
RKTRocket Cos Inc	0.6%	0.7%	884,300	+0.0%	$13.9M
NXTNextpower Inc	0.6%	—	116,800	—	$13.9M
AGROAdecoagro S A	0.5%	1.0%	1,379,217	+8.2%	$13.2M
CHDNChurchill Downs Inc	0.5%	0.7%	138,200	-13.7%	$12.4M
ZMZoom Communications Inc	0.5%	—	139,600	—	$12.0M
AEMAgnico Eagle Mines Ltd	0.5%	0.5%	77,300	+78.5%	$12.0M
GRPNGroupon Inc	0.5%	—	491,051	—	$11.8M
CRMSalesforce Inc	0.5%	0.5%	71,900	+45.3%	$11.3M
HALHalliburton Co	0.4%	—	304,700	—	$10.3M
PURRHyperliquid Strategies Inc	0.4%	—	1,314,000	—	$10.3M
MTSIMacom Tech Solutions Hldgs I	0.4%	—	26,900	—	$10.2M

What Discovery Capital Management, LLC / Ct bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Added to

BAP Credicorp Ltd+93.2% shares
AEM Agnico Eagle Mines Ltd+78.5% shares
FISV Fiserv Inc+78.0% shares
APP Applovin Corp+64.0% shares
JBS Jbs N.v.+61.5% shares
NU Nu Hldgs Ltd+60.0% shares
CRM Salesforce Inc+45.3% shares
AMZN Amazon Com Inc+41.8% shares

Reduced

ON On Semiconductor Corp-88.5% shares
COF Capital One Finl Corp-35.6% shares
CAR Avis Budget Group-35.5% shares
PINS Pinterest Inc-13.8% shares
CHDN Churchill Downs Inc-13.7% shares
GEO Geo Group Inc-11.7% shares
AMX America Movil Sab de Cv-10.3% shares
QXO Qxo Inc-9.7% shares

Left the top 50

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +22.0% /yr; S&P 500 +20.1%
3 years: +26.4% /yr; S&P 500 +20.4%
5 years: +6.8% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$2.4B	113
Q1 2026	$1.9B	77
Q4 2025	$1.8B	88
Q3 2025	$1.8B	86
Q2 2025	$1.3B	72
Q1 2025	$835.9M	56
Q4 2024	$1.5B	77
Q3 2024	$819.5M	59
Q2 2024	$753.8M	51
Q1 2024	$735.5M	52
Q4 2023	$661.2M	49
Q3 2023	$553.8M	39

Questions about Discovery Capital Management, LLC / Ct's portfolio

What stocks does Discovery Capital Management, LLC / Ct own?

Discovery Capital Management, LLC / Ct's latest 13F, for Q2 2026 and filed Aug 14, 2026, lists 113 positions worth $2.4B. The largest are Sandisk Corp (SNDK) at 19.6%, Credicorp Ltd (BAP) at 4.4%, America Movil Sab de Cv (AMX) at 4.3%, Amc Entmt Hldgs Inc (AMC) at 4.1% and Compass Inc (COMP) at 3.9%.

What did Discovery Capital Management, LLC / Ct buy last quarter?

In Q2 2026, Discovery Capital Management, LLC / Ct added Credicorp Ltd (BAP) (+93.2% shares), Agnico Eagle Mines Ltd (AEM) (+78.5% shares) and Fiserv Inc (FISV) (+78.0% shares), compared with its Q1 2026 filing.

What did Discovery Capital Management, LLC / Ct sell last quarter?

In Q2 2026, Discovery Capital Management, LLC / Ct cut from its top 50 Micron Technology Inc (MU), cut from its top 50 Lam Research Corp (LRCX), cut from its top 50 Iren Limited (IREN), cut from its top 50 Intercorp Finl Svcs Inc (IFS), cut from its top 50 Vnet Group Inc (VNET), On Semiconductor Corp (ON) (-88.5% shares), Capital One Finl Corp (COF) (-35.6% shares) and Avis Budget Group (CAR) (-35.5% shares), compared with its Q1 2026 filing.

How has Discovery Capital Management, LLC / Ct's portfolio performed?

A portfolio copying Discovery Capital Management, LLC / Ct's 20 largest 13F holdings each quarter, from the day each filing was public, returned +26.4% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +22.0% against +20.1%. Over 5 years: +6.8% a year against +11.6%.

When is Discovery Capital Management, LLC / Ct's next 13F filing due?

13F filings are due 45 days after each quarter ends. Discovery Capital Management, LLC / Ct's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.