Discovery Capital Management, LLC / CT
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Discovery Capital Management, LLC / CT reported 76 stock positions worth $1.9 billion. Its top holding was Sandisk (SNDK) at 6.1% of the portfolio, followed by America Movil Sab DE CV (AMX, 5.9%) and Micron Technology (MU, 4.9%). Compared with Q4 2025, it opened 27 new positions, sold out of 38, added to 26 and reduced 8. The biggest buy was a new position in Sandisk (SNDK) and the biggest sale an exit from Amkor Technology (AMKR).
- Most Recent 13F
- Q2 2026
- Location
- SOUTH NORWALK, CT
- CIK
- 0001389507
- Portfolio Value
- $1.9B (Q1 2026)
- SEC Filing
- 0000919574-26-003353 ↗ filed May 15, 2026
Holdings Value
Holdings 76 stocks · $1.9B
| SNDK Sandisk Corp. | 6.10% | 183,700 | $116.7M | New |
| AMX America Movil Sab DE CV | 5.92% | 4,444,183 | $113.2M | Add +3.6% |
| MU Micron Technology Inc. | 4.87% | 276,050 | $93.3M | Add +162.4% |
| ON On Semiconductor | 4.56% | 1,409,300 | $87.3M | New |
| METC Ramaco Resources Inc. Class A | 4.45% | 5,511,360 | $85.2M | No change |
| CAR Avis Budget Group Inc. | 4.18% | 548,677 | $80.0M | New |
| TV Grupo Televisa SA-Spon ADR | 3.40% | 22,387,941 | $65.1M | Add +2.6% |
| LRCX Lam Research Corp. | 3.33% | 298,016 | $63.7M | Add +96.2% |
| IREN Iren Ltd. filed as IREN LIMITED | 3.29% | 1,834,285 | $62.9M | Reduce -29.0% |
| JBS JBS NV-A | 3.16% | 3,365,400 | $60.4M | Add +14.4% |
| IFS Intercorp Financial Services | 2.77% | 1,057,404 | $53.1M | New |
| VNET Vnet Group Inc.-ADR | 2.63% | 6,008,300 | $50.4M | Reduce -4.9% |
| COF Capital One Financial Corp. | 2.56% | 268,810 | $49.0M | Add +15.8% |
| ECHO Echostar Corp. Class A | 2.52% | 412,300 | $48.3M | Add +138.3% |
| BAP Credicorp Ltd. | 2.49% | 140,700 | $47.7M | Add +70.5% |
| JPM JPMorgan Chase & Co. | 2.38% | 154,700 | $45.5M | Reduce -31.9% |
| COMP Compass Inc. Class A | 2.32% | 6,072,297 | $44.4M | Add +96.7% |
| GGAL Grupo Financiero Galicia-ADR | 2.12% | 869,129 | $40.6M | Add +35.7% |
| CX Cemex Sab-Spons ADR Part Cer | 2.08% | 3,474,700 | $39.8M | Add +12.4% |
| PPTA Perpetua Resources Corp. | 1.92% | 1,306,700 | $36.7M | No change |
| GENI Genius Sports Ltd. | 1.73% | 7,454,245 | $33.0M | Add +79.0% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 1.68% | 2,241,700 | $32.2M | Add +424.6% |
| PSN Parsons Corp. | 1.41% | 499,100 | $27.0M | No change |
| QXO Qxo Inc. | 1.40% | 1,376,090 | $26.7M | Add +2.2% |
| PRMB Primo Brands Corp. | 1.38% | 1,399,700 | $26.4M | Reduce -19.4% |
| AMZN Amazon.com Inc. | 1.35% | 124,400 | $25.9M | Add +187.3% |
| YPF YPF S.A.-Sponsored ADR filed as YPF SOCIEDAD ANONIMA | 1.30% | 538,192 | $24.9M | Add +99.3% |
| IBIT iShares Bitcoin Trust ETF | 1.29% | 643,725 | $24.7M | Add +9331.9% |
| ULTA Ulta Beauty Inc. | 1.27% | 46,600 | $24.4M | New |
| GEO The Geo Group Inc. | 1.25% | 1,425,900 | $24.0M | Add +8.7% |
| VLO Valero Energy Corp. | 1.10% | 85,000 | $21.0M | New |
| APP AppLovin Corp. Class A | 1.05% | 50,640 | $20.2M | Add +36.0% |
| AGRO Adecoagro SA | 1.00% | 1,274,217 | $19.1M | Add +5.9% |
| LNG Cheniere Energy Inc. | 1.00% | 67,400 | $19.1M | New |
| FISV Fiserv Inc. | 0.90% | 309,600 | $17.3M | Add +19.5% |
| BBAR Bbva Argentina SA-ADR filed as BANCO BBVA ARGENTINA S A | 0.85% | 1,007,500 | $16.2M | Add +124.8% |
| ROST Ross Stores Inc. | 0.81% | 71,600 | $15.5M | New |
| TER Teradyne Inc. | 0.81% | 52,000 | $15.4M | New |
| SOXX iShares Semiconductor ETF | 0.76% | 44,200 | $14.5M | New |
| GLNG Golar LNG Ltd. | 0.75% | 266,500 | $14.4M | Add +38.8% |
| CHDN Churchill Downs Inc. | 0.75% | 160,200 | $14.4M | Reduce -5.2% |
| PINS Pinterest Inc. Class A | 0.74% | 772,924 | $14.2M | Add +24.4% |
| RKT Rocket Cos Inc. Class A | 0.66% | 884,300 | $12.6M | New |
| CLF Cleveland-Cliffs Inc. | 0.64% | 1,447,600 | $12.2M | Reduce -26.8% |
| MDLN Medline Inc. Class A | 0.58% | 250,000 | $11.1M | New |
| NVDA Nvidia Corp. | 0.52% | 57,200 | $10.0M | New |
| CRM Salesforce Inc. | 0.48% | 49,500 | $9.2M | New |
| INTU Intuit Inc. | 0.48% | 21,300 | $9.2M | New |
| AEM Agnico Eagle Mines Ltd. | 0.46% | 43,300 | $8.8M | Reduce -14.1% |
| FSLR First Solar Inc. | 0.43% | 41,600 | $8.2M | New |
| FPS Forgent Power Solutions Class A | 0.42% | 275,000 | $8.0M | New |
| VLRS Controladora Vuela Cia-ADR | 0.36% | 964,171 | $7.0M | New |
| WOLF Wolfspeed Inc. | 0.36% | 424,700 | $6.9M | New |
| BCO The Brink's Co. | 0.32% | 59,006 | $6.1M | No change |
| STUB Stubhub Holdings Inc. Class A | 0.31% | 960,507 | $6.0M | No change |
| JRVR James River Group Holdings I | 0.27% | 819,355 | $5.2M | No change |
| JMIA Jumia Technologies AG-ADR | 0.25% | 697,226 | $4.8M | New |
| SHY iShares 1-3 Year Treasury Bo | 0.24% | 56,657 | $4.7M | Add +594.6% |
| ARE Alexandria Real Estate Equit | 0.24% | 100,000 | $4.6M | New |
| HDB HDFC Bank Ltd.-ADR | 0.24% | 183,000 | $4.6M | Reduce -75.8% |
| INFQ Infleqtion Inc. | 0.20% | 395,700 | $3.9M | New |
| ALH Alliance Laundry Holdings Inc. | 0.16% | 150,000 | $3.1M | No change |
| LENZ Lenz Therapeutics Inc. | 0.12% | 241,300 | $2.2M | No change |
| IYM iShares U.S. Basic Materials | 0.11% | 11,650 | $2.0M | New |
| HUYA Huya Inc.-ADR | 0.08% | 467,300 | $1.5M | New |
| METCB Ramaco Resources Inc. Class B | 0.07% | 127,405 | $1.3M | Add +1.4% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.05% | 12,566 | $1000K | No change |
| CMPS Compass Pathways PLC | 0.05% | 179,716 | $994K | New |
| IYR iShares US Real Estate ETF | 0.05% | 10,055 | $951K | No change |
| BRRR Coinshares Bitcoin ETF | 0.05% | 48,300 | $924K | New |
| MLPX Global X MLP & Energy Infras | 0.05% | 12,286 | $908K | No change |
| IWM iShares Russell 2000 ETF | 0.03% | 2,469 | $612K | No change |
| XOP SS SPDR S&P Og Exp & Prod | 0.03% | 3,215 | $585K | No change |
| EEM iShares MSCI Emerging Market | 0.02% | 7,405 | $421K | No change |
| GLD SPDR Gold Shares | 0.02% | 682 | $293K | No change |
| ONMD Onemednet Corp. | 0.01% | 112,252 | $95K | New |
Other holdings (1): bonds, preferreds, convertibles and warrants · $10.7M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| HTZWW Hertz Global Hldgs Inc. -CW51 | *W EXP 06/30/205 | 4,675,405 | $10.7M | No change |
Total filed on the 13F, all lines: $1.9B.
Portfolio Sells Q4 2025 → Q1 2026
| AMKR Amkor Technology Inc. | Sold out | 0.00% | −5.62 |
| COHR Coherent Corp. | Sold out | 0.00% | −3.31 |
| GDS GDS Holdings Ltd. - ADR | Sold out | 0.00% | −2.72 |
| IREN Iren Ltd. | Reduce -29.0% | 3.29% | −2.03 |
| EAT Brinker International Inc. | Sold out | 0.00% | −1.96 |
| TTWO Take-Two Interactive Softwre | Sold out | 0.00% | −1.91 |
| JPM JPMorgan Chase & Co. | Reduce -31.9% | 2.38% | −1.61 |
| AVGO Broadcom Inc. | Sold out | 0.00% | −1.57 |
| AMD Advanced Micro Devices | Sold out | 0.00% | −1.53 |
| META Meta Platforms Inc. Class A | Sold out | 0.00% | −1.51 |
| ORBS Eightco Holdings Inc. | Sold out | 0.00% | −1.40 |
| HDB HDFC Bank Ltd.-ADR | Reduce -75.8% | 0.24% | −1.27 |
| LITE Lumentum Holdings Inc. | Sold out | 0.00% | −1.25 |
| AWI Armstrong World Industries | Sold out | 0.00% | −1.23 |
| GDLC Grayscale Coindesk 5 ETF | Sold out | 0.00% | −0.95 |
| BA The Boeing Co. | Sold out | 0.00% | −0.91 |
| CLF Cleveland-Cliffs Inc. | Reduce -26.8% | 0.64% | −0.79 |
| ADBE Adobe Inc. | Sold out | 0.00% | −0.72 |
| UAL United Airlines Holdings Inc. | Sold out | 0.00% | −0.64 |
| ACMR Acm Research Inc. Class A | Sold out | 0.00% | −0.64 |
| SOLV Solventum Corp. | Sold out | 0.00% | −0.64 |
| DAL Delta Air Lines Inc. | Sold out | 0.00% | −0.63 |
| ESTA Establishment Labs Holdings | Sold out | 0.00% | −0.62 |
| DDOG Datadog Inc. Class A | Sold out | 0.00% | −0.62 |
| MCD McDonald's Corp. | Sold out | 0.00% | −0.61 |
| BIDU Baidu Inc. - Spon ADR | Sold out | 0.00% | −0.54 |
| DPZ Domino's Pizza Inc. | Sold out | 0.00% | −0.54 |
| SNAP Snap Inc. Class A | Sold out | 0.00% | −0.45 |
| EWW iShares MSCI Mexico ETF | Sold out | 0.00% | −0.40 |
| KRMN Karman Holdings Inc. | Sold out | 0.00% | −0.30 |
| CHDN Churchill Downs Inc. | Reduce -5.2% | 0.75% | −0.30 |
| VNET Vnet Group Inc.-ADR | Reduce -4.9% | 2.63% | −0.28 |
| LOAR Loar Holdings Inc. | Sold out | 0.00% | −0.28 |
| NVT Nvent Electric PLC | Sold out | 0.00% | −0.25 |
| BMA Banco Macro SA-ADR | Sold out | 0.00% | −0.24 |
| VIK Viking Holdings Ltd. | Sold out | 0.00% | −0.19 |
| FRO Frontline PLC | Sold out | 0.00% | −0.19 |
| PRMB Primo Brands Corp. | Reduce -19.4% | 1.38% | −0.17 |
| SLM SLM Corp. | Sold out | 0.00% | −0.16 |
| SN Sharkninja Inc. | Sold out | 0.00% | −0.15 |
| GLXY Galaxy Digital Inc. Class A | Sold out | 0.00% | −0.12 |
| CLS Celestica Inc. | Sold out | 0.00% | −0.12 |
| BE Bloom Energy Corp. Class A | Sold out | 0.00% | −0.12 |
| GSIT Gsi Technology Inc. | Sold out | 0.00% | −0.06 |
| SPY SS SPDR S&P 500 ETF Trust-US | Sold out | 0.00% | −0.06 |
| AEM Agnico Eagle Mines Ltd. | Reduce -14.1% | 0.46% | −0.01 |
Portfolio Buys Q4 2025 → Q1 2026
| SNDK Sandisk Corp. | New | 6.10% | +6.10 |
| ON On Semiconductor | New | 4.56% | +4.56 |
| CAR Avis Budget Group Inc. | New | 4.18% | +4.18 |
| MU Micron Technology Inc. | Add +162.4% | 4.87% | +3.24 |
| IFS Intercorp Financial Services | New | 2.77% | +2.77 |
| LRCX Lam Research Corp. | Add +96.2% | 3.33% | +1.91 |
| ECHO Echostar Corp. Class A | Add +138.3% | 2.52% | +1.50 |
| NU Nu Holdings Ltd./Cayman Isl-A | Add +424.6% | 1.68% | +1.29 |
| IBIT iShares Bitcoin Trust ETF | Add +9331.9% | 1.29% | +1.27 |
| ULTA Ulta Beauty Inc. | New | 1.27% | +1.27 |
| BAP Credicorp Ltd. | Add +70.5% | 2.49% | +1.20 |
| VLO Valero Energy Corp. | New | 1.10% | +1.10 |
| AMX America Movil Sab DE CV | Add +3.6% | 5.92% | +1.08 |
| LNG Cheniere Energy Inc. | New | 1.00% | +1.00 |
| JBS JBS NV-A | Add +14.4% | 3.16% | +0.85 |
| ROST Ross Stores Inc. | New | 0.81% | +0.81 |
| AMZN Amazon.com Inc. | Add +187.3% | 1.35% | +0.81 |
| TER Teradyne Inc. | New | 0.81% | +0.81 |
| YPF YPF S.A.-Sponsored ADR | Add +99.3% | 1.30% | +0.77 |
| SOXX iShares Semiconductor ETF | New | 0.76% | +0.76 |
| RKT Rocket Cos Inc. Class A | New | 0.66% | +0.66 |
| MDLN Medline Inc. Class A | New | 0.58% | +0.58 |
| COMP Compass Inc. Class A | Add +96.7% | 2.32% | +0.54 |
| NVDA Nvidia Corp. | New | 0.52% | +0.52 |
| CRM Salesforce Inc. | New | 0.48% | +0.48 |
| INTU Intuit Inc. | New | 0.48% | +0.48 |
| AGRO Adecoagro SA | Add +5.9% | 1.00% | +0.48 |
| FSLR First Solar Inc. | New | 0.43% | +0.43 |
| FPS Forgent Power Solutions Class A | New | 0.42% | +0.42 |
| BBAR Bbva Argentina SA-ADR | Add +124.8% | 0.85% | +0.40 |
| VLRS Controladora Vuela Cia-ADR | New | 0.36% | +0.36 |
| GLNG Golar LNG Ltd. | Add +38.8% | 0.75% | +0.36 |
| WOLF Wolfspeed Inc. | New | 0.36% | +0.36 |
| JMIA Jumia Technologies AG-ADR | New | 0.25% | +0.25 |
| ARE Alexandria Real Estate Equit | New | 0.24% | +0.24 |
| GGAL Grupo Financiero Galicia-ADR | Add +35.7% | 2.12% | +0.24 |
| SHY iShares 1-3 Year Treasury Bo | Add +594.6% | 0.24% | +0.21 |
| INFQ Infleqtion Inc. | New | 0.20% | +0.20 |
| CX Cemex Sab-Spons ADR Part Cer | Add +12.4% | 2.08% | +0.14 |
| IYM iShares U.S. Basic Materials | New | 0.11% | +0.11 |
| GEO The Geo Group Inc. | Add +8.7% | 1.25% | +0.10 |
| HUYA Huya Inc.-ADR | New | 0.08% | +0.08 |
| CMPS Compass Pathways PLC | New | 0.05% | +0.05 |
| BRRR Coinshares Bitcoin ETF | New | 0.05% | +0.05 |
| ONMD Onemednet Corp. | New | 0.01% | +0.01 |
| METCB Ramaco Resources Inc. Class B | Add +1.4% | 0.07% | −0.01 |
| QXO Qxo Inc. | Add +2.2% | 1.40% | −0.02 |
| FISV Fiserv Inc. | Add +19.5% | 0.90% | −0.05 |
| TV Grupo Televisa SA-Spon ADR | Add +2.6% | 3.40% | −0.06 |
| PINS Pinterest Inc. Class A | Add +24.4% | 0.74% | −0.14 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 112 | $2.4B | SNDK, BAP, AMX, AMC, COMP |
| Q1 2026 | 76 | $1.9B | SNDK, AMX, MU, ON, METC |
| Q4 2025 | 87 | $1.8B | AMKR, METC, IREN, AMX, JPM |
| Q3 2025 | 85 | $1.8B | METC, IREN, ORBS, GDLC, AMX |
| Q2 2025 | 71 | $1.3B | NBIS, AMX, GENI, IREN, VIST |
| Q1 2025 | 55 | $822.6M | GENI, DFS, GGAL, VIST, AMTM |
| Q4 2024 | 76 | $1.4B | JPM, GGAL, XOP, AMZN, VIST |
| Q3 2024 | 58 | $799.2M | GGAL, VIST, AMZN, TV, VST |
| Q2 2024 | 50 | $731.1M | VIST, GGAL, TV, WDC, GEHC |
| Q1 2024 | 51 | $700.0M | VIST, GBTC, TV, GGAL, GEHC |