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← Discovery Capital Management LLC, latest filing

What Discovery Capital Management LLC changed, 2013 to 2026

53 quarterly 13F filings, from Q2 2013 to Q2 2026, each read from the filing itself. A quarter is compared only with the quarter before it, so a quarter with no filing is a gap in the record, not a sale.

Reported book

$2.4bn

$9.3bn at Q2 2013

Positions

113

103 at Q2 2013

Top ten weight

50%

38% at Q2 2013

Typical quarterly turnover

about 38%

Estimated from share changes

Reported book by quarter
$0$7bn$14bnQ2 2013: $9.3bnQ3 2013: $11.4bnQ4 2013: $13.5bnQ1 2014: $13.7bn14Q2 2014: $10.5bnQ3 2014: $8.9bnQ4 2014: $9.7bnQ1 2015: $8.8bn15Q2 2015: $8.5bnQ3 2015: $9.0bnQ4 2015: $8.4bnQ1 2016: $6.9bn16Q2 2016: $4.4bnQ3 2016: $4.7bnQ4 2016: $5.9bnQ1 2017: $5.4bn17Q2 2017: $4.1bnQ3 2017: $4.2bnQ4 2017: $3.2bnQ1 2018: $2.9bn18Q2 2018: $1.8bnQ3 2018: $1.7bnQ4 2018: $1.2bnQ1 2019: $960m19Q2 2019: $1.0bnQ3 2019: $598mQ4 2019: $315mQ1 2020: $364m20Q2 2020: $551mQ3 2020: $652mQ4 2020: $811mQ1 2021: $746m21Q2 2021: $1.5bnQ3 2021: $1.3bnQ4 2021: $1.3bnQ1 2022: $1.2bn22Q2 2022: $776mQ3 2022: $669mQ4 2022: $686mQ1 2023: $880m23Q2 2023: $951mQ3 2023: $563mQ4 2023: $661mQ1 2024: $760m24Q2 2024: $779mQ3 2024: $819mQ4 2024: $1.5bnQ1 2025: $836m25Q2 2025: $1.3bnQ3 2025: $1.8bnQ4 2025: $1.8bnQ1 2026: $1.9bn26Q2 2026: $2.4bn
  • Q2 2013: $9.3bn
  • Q3 2013: $11.4bn
  • Q4 2013: $13.5bn
  • Q1 2014: $13.7bn
  • Q2 2014: $10.5bn
  • Q3 2014: $8.9bn
  • Q4 2014: $9.7bn
  • Q1 2015: $8.8bn
  • Q2 2015: $8.5bn
  • Q3 2015: $9.0bn
  • Q4 2015: $8.4bn
  • Q1 2016: $6.9bn
  • Q2 2016: $4.4bn
  • Q3 2016: $4.7bn
  • Q4 2016: $5.9bn
  • Q1 2017: $5.4bn
  • Q2 2017: $4.1bn
  • Q3 2017: $4.2bn
  • Q4 2017: $3.2bn
  • Q1 2018: $2.9bn
  • Q2 2018: $1.8bn
  • Q3 2018: $1.7bn
  • Q4 2018: $1.2bn
  • Q1 2019: $960m
  • Q2 2019: $1.0bn
  • Q3 2019: $598m
  • Q4 2019: $315m
  • Q1 2020: $364m
  • Q2 2020: $551m
  • Q3 2020: $652m
  • Q4 2020: $811m
  • Q1 2021: $746m
  • Q2 2021: $1.5bn
  • Q3 2021: $1.3bn
  • Q4 2021: $1.3bn
  • Q1 2022: $1.2bn
  • Q2 2022: $776m
  • Q3 2022: $669m
  • Q4 2022: $686m
  • Q1 2023: $880m
  • Q2 2023: $951m
  • Q3 2023: $563m
  • Q4 2023: $661m
  • Q1 2024: $760m
  • Q2 2024: $779m
  • Q3 2024: $819m
  • Q4 2024: $1.5bn
  • Q1 2025: $836m
  • Q2 2025: $1.3bn
  • Q3 2025: $1.8bn
  • Q4 2025: $1.8bn
  • Q1 2026: $1.9bn
  • Q2 2026: $2.4bn
Share of the book in the ten largest positions
0%39%77%Q2 2013: 38%Q3 2013: 36%Q4 2013: 43%Q1 2014: 30%14Q2 2014: 38%Q3 2014: 47%Q4 2014: 38%Q1 2015: 42%15Q2 2015: 47%Q3 2015: 33%Q4 2015: 41%Q1 2016: 42%16Q2 2016: 40%Q3 2016: 39%Q4 2016: 34%Q1 2017: 32%17Q2 2017: 52%Q3 2017: 45%Q4 2017: 45%Q1 2018: 57%18Q2 2018: 52%Q3 2018: 58%Q4 2018: 56%Q1 2019: 71%19Q2 2019: 64%Q3 2019: 75%Q4 2019: 77%Q1 2020: 70%20Q2 2020: 59%Q3 2020: 52%Q4 2020: 60%Q1 2021: 56%21Q2 2021: 72%Q3 2021: 66%Q4 2021: 62%Q1 2022: 63%22Q2 2022: 63%Q3 2022: 67%Q4 2022: 63%Q1 2023: 59%23Q2 2023: 50%Q3 2023: 71%Q4 2023: 57%Q1 2024: 63%24Q2 2024: 56%Q3 2024: 54%Q4 2024: 44%Q1 2025: 56%25Q2 2025: 51%Q3 2025: 50%Q4 2025: 40%Q1 2026: 43%26Q2 2026: 50%
  • Q2 2013: 38%
  • Q3 2013: 36%
  • Q4 2013: 43%
  • Q1 2014: 30%
  • Q2 2014: 38%
  • Q3 2014: 47%
  • Q4 2014: 38%
  • Q1 2015: 42%
  • Q2 2015: 47%
  • Q3 2015: 33%
  • Q4 2015: 41%
  • Q1 2016: 42%
  • Q2 2016: 40%
  • Q3 2016: 39%
  • Q4 2016: 34%
  • Q1 2017: 32%
  • Q2 2017: 52%
  • Q3 2017: 45%
  • Q4 2017: 45%
  • Q1 2018: 57%
  • Q2 2018: 52%
  • Q3 2018: 58%
  • Q4 2018: 56%
  • Q1 2019: 71%
  • Q2 2019: 64%
  • Q3 2019: 75%
  • Q4 2019: 77%
  • Q1 2020: 70%
  • Q2 2020: 59%
  • Q3 2020: 52%
  • Q4 2020: 60%
  • Q1 2021: 56%
  • Q2 2021: 72%
  • Q3 2021: 66%
  • Q4 2021: 62%
  • Q1 2022: 63%
  • Q2 2022: 63%
  • Q3 2022: 67%
  • Q4 2022: 63%
  • Q1 2023: 59%
  • Q2 2023: 50%
  • Q3 2023: 71%
  • Q4 2023: 57%
  • Q1 2024: 63%
  • Q2 2024: 56%
  • Q3 2024: 54%
  • Q4 2024: 44%
  • Q1 2025: 56%
  • Q2 2025: 51%
  • Q3 2025: 50%
  • Q4 2025: 40%
  • Q1 2026: 43%
  • Q2 2026: 50%

The positions that defined it

Every position that was ever among the 25 largest: when it first appeared, when it was largest, and where it stands in Q2 2026. The line is its reported value each quarter.

PositionValue over timeFirst listedLargestQ2 2026
SanDisk Corp(SNDK)Q1 2026$472mQ2 2026$472m
Credicorp LTD(BAP)Q2 2013$106mQ2 2026$106m
America Movil Sab de CV(AMX)Sponsored ADS RP Class BQ2 2023$113mQ1 2026$104m
Amc Entmt HLDGS Inc(AMC)Class A NewQ3 2023$98mQ2 2026$98m
Compass Inc(COMP)Class AQ2 2021$446mQ3 2021$93m
T1 Energy Inc(TE)Q2 2026$71mQ2 2026$71m
Ramaco Res Inc(METC)Common Class AQ4 2024$181mQ3 2025$70m
JBS N.v.(JBS)Class A SharesQ2 2025$64mQ2 2026$64m
Grupo Televisa SA(TV)Sponsored ADR REP OrdinaryQ2 2013$145mQ3 2013$60m
Chevron Corp New(CVX)Q2 2024$59mQ2 2026$59m
Avis Budget Group(CAR)Q3 2013$80mQ1 2026$52m
JPMorgan Chase & Co(JPM)Q2 2013$302mQ4 2013$50m
Alibaba Group HLDG LTD(BABA)Sponsored ADSQ3 2014$962mQ4 2014Soldlast listed Q3 2025
Apple Inc(AAPL)Q2 2013$878mQ4 2014Soldlast listed Q4 2016
iShares MSCI Emerging Markets ETF(EEM)Q2 2015$792mQ2 2015Soldlast listed Q2 2016
eBay Inc(EBAY)Q2 2013$698mQ4 2013Soldlast listed Q4 2014
Las Vegas Sands Corp(LVS)Q2 2013$686mQ4 2013Soldlast listed Q1 2017
SanDisk CorpQ2 2013$646mQ1 2014Soldlast listed Q4 2014
Google IncClass AQ2 2013$575mQ4 2013Soldlast listed Q2 2014
Allergan PLCQ2 2015$540mQ3 2015Soldlast listed Q3 2015

Quarter by quarter

2026Q1Q2
2025Q1Q2Q3Q4
2024Q1Q2Q3Q4
2023Q1Q2Q3Q4
2022Q1Q2Q3Q4
2021Q1Q2Q3Q4
2020Q1Q2Q3Q4
2019Q1Q2Q3Q4
2018Q1Q2Q3Q4
2017Q1Q2Q3Q4
2016Q1Q2Q3Q4
2015Q1Q2Q3Q4
2014Q1Q2Q3Q4
2013Q2Q3Q4

Q2 2017: $4.1bn across 52 positions

Against Q1 2017: 16 new, 18 added to, 15 trimmed, 55 sold out, across all 52 positions.

Turnover about 40% of the book, estimated from share changes at quarter-end prices.

Largest additions

  • Advanced Micro Devices Inc (AMD)+$79m
  • Western Digital Corp (WDC)+$74m
  • Broadcom LTD+$65m
  • Constellation Brands Inc (STZ)+$55m
  • WisdomTree India Erngs Fund (EPI)+$51m
  • Select Sector SPDR Shares Of Beneficial Interest Int-financial (XLF)+$44m
  • Huntington Ingalls Inds Inc (HII)+$44m
  • Macys Inc (M)+$42m

Largest reductions

  • Visa Inc (V)-$130m
  • Alphabet Inc (GOOG)-$71m
  • WPX Energy Inc-$71m
  • T-mobile US Inc (TMUS)-$58m
  • BWX Technologies Inc (BWXT)-$57m
  • Callon Pete Co Del-$49m
  • U S Silica HLDGS Inc-$45m
  • Parsley Energy Inc-$40m

Opened

  • Peabody Energy Corp New (BTU)$536m
  • iShares JP MOR EM MK ETF (EMB)$166m
  • Quintiles Ims Holdings Inc$95m
  • Alibaba Group HLDG LTD (BABA)$75m
  • Citigroup Inc (C)$65m
  • Facebook Inc (META)$64m

Sold out

  • Salesforce Com Inc (CRM)was $232m
  • E Trade Financial Corpwas $142m
  • State STR Corp (STT)was $132m
  • Twitter Incwas $108m
  • Devon Energy Corp New (DVN)was $106m
  • Twitter Incwas $98m
  • Nabors Industries LTDwas $97m
  • Merck & Co Inc (MRK)was $93m

Largest positions, Q2 2017

The largest 25 of 52 reported positions.

PositionValueWeightOn the quarter
Peabody Energy Corp New (BTU)$536m13.0%New
Advanced Micro Devices Inc (AMD)$243m5.9%Added
Select Sector SPDR Shares Of Beneficial Interest Int-financial (XLF)$222m5.4%Added
Sprint Corp$219m5.3%Trimmed
Xilinx Inc$216m5.2%Added
iShares JP MOR EM MK ETF (EMB)$166m4.0%New
Amazon Com Inc (AMZN)$143m3.5%Trimmed
Micron Technology Inc (MU)$142m3.4%Added
Western Digital Corp (WDC)$140m3.4%Added
Broadcom LTD$129m3.1%Added
Constellation Brands Inc (STZ)$114m2.8%Added
Huntington Ingalls Inds Inc (HII)$107m2.6%Added
Yandex N V (NBIS)$99m2.4%Trimmed
WisdomTree India Erngs Fund (EPI)$96m2.3%Added
Quintiles Ims Holdings Inc$95m2.3%New
Alibaba Group HLDG LTD (BABA)$75m1.8%New
Visa Inc (V)$74m1.8%Trimmed
T Mobile US Inc$73m1.8%Held
Petroleo Brasileiro SA Petro (PBR)$71m1.7%Added
Macys Inc (M)$67m1.6%Added
BWX Technologies Inc (BWXT)$67m1.6%Trimmed
SLM Corp (SLM)$66m1.6%Added
Citigroup Inc (C)$65m1.6%New
Facebook Inc (META)$64m1.6%New
RSP Permian Inc$63m1.5%Trimmed

The books most like this one

Among the managers whose filings are on file, at Q2 2026. Overlap is the share of the two books that is the same: for every stock both list, the smaller of its two weights, added up. Two books can overlap because both own the largest companies; it says nothing about whether the managers agree.

ManagerOverlapStocks in bothOverlap over time
Whale Rock Capital Management LLC15%9Compare
Baillie Gifford & Co9.6%25Compare
Holocene Advisors LPat least 7.9%40Compare
Neuberger Berman Group LLCat least 7.6%39Compare
MFS Investment Managementat least 7.1%33Compare
Arrowstreet Capital LPat least 7.0%28Compare
Acadian Asset Management LLCat least 7.0%33Compare
Fidelity (FMR LLC)at least 7.0%45Compare

“At least” where either manager has more positions than are read each quarter: a stock both hold below that range is not counted.

The filings behind it

Every quarter above is one 13F holdings report, with any amendment the filer made to it applied in the order it was filed. Where the reporting entity changed, each quarter keeps the filer that actually reported it.

QuarterFilerBookAmendedFiling
Q2 2026Discovery Capital Management LLC$2.4bn13F-HR
Q1 2026Discovery Capital Management LLC$1.9bn13F-HR
Q4 2025Discovery Capital Management LLC$1.8bn13F-HR
Q3 2025Discovery Capital Management LLC$1.8bn13F-HR
Q2 2025Discovery Capital Management LLC$1.3bn13F-HR
Q1 2025Discovery Capital Management LLC$836m13F-HR
Q4 2024Discovery Capital Management LLC$1.5bn13F-HR
Q3 2024Discovery Capital Management LLC$819m13F-HR
Q2 2024Discovery Capital Management LLC$779m13F-HR
Q1 2024Discovery Capital Management LLC$760m13F-HR
Q4 2023Discovery Capital Management LLC$661m13F-HR
Q3 2023Discovery Capital Management LLC$563m13F-HR
Q2 2023Discovery Capital Management LLC$951m13F-HR
Q1 2023Discovery Capital Management LLC$880m13F-HR
Q4 2022Discovery Capital Management LLC$686m13F-HR
Q3 2022Discovery Capital Management LLC$669m13F-HR
Q2 2022Discovery Capital Management LLC$776m13F-HR
Q1 2022Discovery Capital Management LLC$1.2bn13F-HR
Q4 2021Discovery Capital Management LLC$1.3bn13F-HR
Q3 2021Discovery Capital Management LLC$1.3bn13F-HR
Q2 2021Discovery Capital Management LLC$1.5bn13F-HR
Q1 2021Discovery Capital Management LLC$746m13F-HR
Q4 2020Discovery Capital Management LLC$811m13F-HR
Q3 2020Discovery Capital Management LLC$652m13F-HR
Q2 2020Discovery Capital Management LLC$551m13F-HR
Q1 2020Discovery Capital Management LLC$364m13F-HR
Q4 2019Discovery Capital Management LLC$315m13F-HR
Q3 2019Discovery Capital Management LLC$598m13F-HR
Q2 2019Discovery Capital Management LLC$1.0bn13F-HR
Q1 2019Discovery Capital Management LLC$960m13F-HR
Q4 2018Discovery Capital Management LLC$1.2bn13F-HR
Q3 2018Discovery Capital Management LLC$1.7bn13F-HR
Q2 2018Discovery Capital Management LLC$1.8bn13F-HR
Q1 2018Discovery Capital Management LLC$2.9bn13F-HR
Q4 2017Discovery Capital Management LLC$3.2bn13F-HR
Q3 2017Discovery Capital Management LLC$4.2bn13F-HR
Q2 2017Discovery Capital Management LLC$4.1bn13F-HR
Q1 2017Discovery Capital Management LLC$5.4bn13F-HR
Q4 2016Discovery Capital Management LLC$5.9bn13F-HR
Q3 2016Discovery Capital Management LLC$4.7bn13F-HR
Q2 2016Discovery Capital Management LLC$4.4bn13F-HR
Q1 2016Discovery Capital Management LLC$6.9bn13F-HR
Q4 2015Discovery Capital Management LLC$8.4bn13F-HR
Q3 2015Discovery Capital Management LLC$9.0bn13F-HR
Q2 2015Discovery Capital Management LLC$8.5bn13F-HR
Q1 2015Discovery Capital Management LLC$8.8bn13F-HR
Q4 2014Discovery Capital Management LLC$9.7bn13F-HR
Q3 2014Discovery Capital Management LLC$8.9bn13F-HR
Q2 2014Discovery Capital Management LLC$10.5bn13F-HR
Q1 2014Discovery Capital Management LLC$13.7bn13F-HR
Q4 2013Discovery Capital Management LLC$13.5bn13F-HR
Q3 2013Discovery Capital Management LLC$11.4bn13F-HR
Q2 2013Discovery Capital Management LLC$9.3bn13F-HR

Reading this record

A 13F lists US-listed long equity and options at the quarter end, filed up to 45 days later. It shows what was held, not when it was bought or at what price, and nothing short. Where a quarter lists only the largest positions, a name missing from it may still be held below that range; the counts of what was opened and sold always cover the whole filing.

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