Discovery Capital Management, LLC / CT

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 14, 2026), Discovery Capital Management, LLC / CT reported 112 stock positions worth $2.4 billion. Its top holding was Sandisk (SNDK) at 19.6% of the portfolio, followed by Credicorp (BAP, 4.4%) and America Movil Sab DE CV (AMX, 4.3%). Compared with Q1 2026, it opened 53 new positions, sold out of 17, added to 21 and reduced 24. The biggest buy was Sandisk (SNDK, shares +13%) and the biggest sale Micron Technology (MU, shares −99%).

Most Recent 13F
Q2 2026
Location
SOUTH NORWALK, CT
CIK
0001389507
Portfolio Value
$2.4B (Q2 2026)
SEC Filing
0000919574-26-005426 ↗ filed Aug 14, 2026

Holdings Value

0$500.0M$1.0B$1.5B$2.0B$2.5B Q1 2024: $700.0M Q1 2024 Q2 2024: $731.1M Q2 2024 Q3 2024: $799.2M Q3 2024 Q4 2024: $1.4B Q4 2024 Q1 2025: $822.6M Q1 2025 Q2 2025: $1.3B Q2 2025 Q3 2025: $1.8B Q3 2025 Q4 2025: $1.8B Q4 2025 Q1 2026: $1.9B Q1 2026 Q2 2026: $2.4B $2.4B Q2 2026

Holdings 112 stocks · $2.4B
SNDK Sandisk Corp. 19.64% 207,587 $472.0M Add +13.0%
BAP Credicorp Ltd. 4.41% 271,865 $105.9M Add +93.2%
AMX America Movil Sab DE CV 4.31% 3,988,067 $103.6M Reduce -10.3%
AMC AMC Entertainment HLDS Class A 4.10% 51,799,352 $98.4M New
COMP Compass Inc. Class A 3.86% 7,526,497 $92.8M Add +23.9%
TE T1 Energy Inc. 2.95% 7,465,100 $70.8M New
METC Ramaco Resources Inc. Class A 2.92% 5,311,360 $70.3M Reduce -3.6%
JBS JBS NV-A 2.68% 5,436,300 $64.4M Add +61.5%
TV Grupo Televisa SA-Spon ADR 2.49% 22,117,634 $59.9M Reduce -1.2%
CVX Chevron Corp. 2.45% 355,336 $58.9M New
CAR Avis Budget Group Inc. 2.18% 353,848 $52.3M Reduce -35.5%
JPM JPMorgan Chase & Co. 2.06% 151,300 $49.5M Reduce -2.2%
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 1.99% 3,587,500 $47.9M Add +60.0%
GGAL Grupo Financiero Galicia-ADR 1.91% 917,929 $45.9M Add +5.6%
GENI Genius Sports Ltd. 1.82% 7,231,145 $43.8M Reduce -3.0%
APP AppLovin Corp. Class A 1.78% 83,040 $42.8M Add +64.0%
AMZN Amazon.com Inc. 1.75% 176,435 $42.1M Add +41.8%
CX Cemex Sab-Spons ADR Part Cer 1.58% 3,157,800 $37.9M Reduce -9.1%
GEO The Geo Group Inc. 1.55% 1,258,600 $37.2M Reduce -11.7%
COF Capital One Financial Corp. 1.45% 173,210 $34.7M Reduce -35.6%
PRMB Primo Brands Corp. 1.40% 1,379,400 $33.7M Reduce -1.4%
VLO Valero Energy Corp. 1.29% 119,400 $31.1M Add +40.5%
RACE Ferrari NV 1.26% 81,583 $30.4M New
TTWO Take-Two Interactive Softwre 1.20% 115,000 $28.7M New
PSN Parsons Corp. 1.15% 528,600 $27.7M Add +5.9%
YPF YPF S.A.-Sponsored ADR filed as YPF SOCIEDAD ANONIMA 1.14% 604,992 $27.5M Add +12.4%
GS Goldman Sachs Group Inc. 1.14% 27,000 $27.3M New
FISV Fiserv Inc. 1.13% 551,200 $27.0M Add +78.0%
WOLF Wolfspeed Inc. 1.10% 548,375 $26.5M Add +29.1%
LPLA LPL Financial Holdings Inc. 1.10% 93,500 $26.3M New
PPTA Perpetua Resources Corp. 1.03% 1,186,700 $24.6M Reduce -9.2%
ULTA Ulta Beauty Inc. 0.98% 52,000 $23.5M Add +11.6%
BBAR Bbva Argentina SA-ADR filed as BANCO BBVA ARGENTINA S A 0.95% 1,166,600 $22.9M Add +15.8%
QXO Qxo Inc. 0.89% 1,242,390 $21.5M Reduce -9.7%
FIVE Five Below 0.77% 102,700 $18.5M New
WRBY Warby Parker Inc. Class A 0.74% 587,655 $17.8M New
ON On Semiconductor 0.64% 162,300 $15.3M Reduce -88.5%
MWH Solv Energy Inc. Class A 0.58% 411,700 $14.0M New
PINS Pinterest Inc. Class A 0.58% 665,969 $14.0M Reduce -13.8%
RKT Rocket Cos Inc. Class A 0.58% 884,300 $13.9M No change
NXT Nextpower Inc. 0.58% 116,800 $13.9M New
AGRO Adecoagro SA 0.55% 1,379,217 $13.2M Add +8.2%
CHDN Churchill Downs Inc. 0.52% 138,200 $12.4M Reduce -13.7%
ZM Zoom Communications Inc. 0.50% 139,600 $12.0M New
AEM Agnico Eagle Mines Ltd. 0.50% 77,300 $12.0M Add +78.5%
GRPN Groupon Inc. 0.49% 491,051 $11.8M New
CRM Salesforce Inc. 0.47% 71,900 $11.3M Add +45.3%
HAL Halliburton Co. 0.43% 304,700 $10.3M New
PURR Hyperliquid Strategies 0.43% 1,314,000 $10.3M New
MTSI Macom Technology Solutions H 0.43% 26,900 $10.2M New
FSLR First Solar Inc. 0.41% 41,600 $9.8M No change
VLRS Controladora Vuela Cia-ADR 0.38% 964,171 $9.0M No change
STUB Stubhub Holdings Inc. Class A 0.37% 697,807 $9.0M Reduce -27.4%
IREN Iren Ltd. filed as IREN LIMITED 0.34% 181,200 $8.3M Reduce -90.1%
BCO The Brink's Co. 0.23% 59,006 $5.6M No change
PAM Pampa Energia SA-Spon ADR 0.22% 65,200 $5.4M New
EPU iShares MSCI Peru and Global 0.22% 62,500 $5.2M New
SHY iShares 1-3 Year Treasury Bo 0.22% 63,237 $5.2M Add +11.6%
KRMN Karman Holdings Inc. 0.21% 100,000 $5.0M New
CB Chubb Ltd. 0.21% 14,612 $5.0M New
ECHO Echostar Corp. Class A 0.21% 48,800 $5.0M Reduce -88.2%
JMIA Jumia Technologies AG-ADR 0.20% 697,226 $4.9M No change
JRVR James River Group Holdings I 0.19% 1,059,155 $4.7M Add +29.3%
AMD Advanced Micro Devices 0.19% 7,817 $4.5M New
DLR Digital Realty Trust Inc. 0.18% 23,500 $4.2M New
GOOGL Alphabet Inc. Class A 0.15% 10,209 $3.6M New
INTU Intuit Inc. 0.15% 13,800 $3.6M Reduce -35.2%
DDOG Datadog Inc. Class A 0.15% 13,680 $3.6M New
MRVL Marvell Technology Inc. 0.15% 11,796 $3.5M New
PANW Palo Alto Networks Inc. 0.14% 10,174 $3.5M New
SKY Champion Homes Inc. 0.13% 35,800 $3.2M New
FIG Figma Inc. Class A 0.12% 157,852 $2.9M New
HUT Hut 8 Corp. 0.11% 23,900 $2.8M New
LLY Eli Lilly & Co. 0.11% 2,267 $2.7M New
NET Cloudflare Inc. Class A 0.11% 10,932 $2.7M New
RBRK Rubrik Inc. Class A 0.11% 33,169 $2.7M New
OUST Ouster Inc. 0.11% 40,674 $2.5M New
VRT Vertiv Holdings Co. Class A 0.11% 7,589 $2.5M New
SNOW Snowflake Inc. 0.10% 9,732 $2.5M New
RDDT Reddit Inc. Class A 0.10% 13,982 $2.4M New
RBLX Roblox Corp. Class A 0.10% 43,792 $2.4M New
BNY Bank of New York Mellon Corp. 0.10% 16,432 $2.4M New
TTAN Servicetitan Inc. Class A 0.10% 32,910 $2.3M New
BHYP Bitwise Hyperliquid ETF 0.10% 63,000 $2.3M New
CMPS Compass Pathways PLC 0.09% 150,000 $2.1M Reduce -16.5%
ANET Arista Networks Inc. 0.09% 12,307 $2.1M New
EWW iShares MSCI Mexico ETF 0.08% 26,700 $2.0M New
BMA Banco Macro SA-ADR 0.08% 21,400 $2.0M New
LRCX Lam Research Corp. 0.08% 4,568 $2.0M Reduce -98.5%
CIEN Ciena Corp. 0.08% 4,009 $2.0M New
PLD Prologis Inc. 0.07% 13,186 $1.8M New
CIFR Cipher Digital Inc. 0.07% 70,819 $1.7M New
MU Micron Technology Inc. 0.07% 1,498 $1.7M Reduce -99.5%
XHB SS SPDR S&P Homebldrs ETF 0.07% 14,100 $1.6M New
WULF Terawulf Inc. 0.07% 64,515 $1.6M New
QCOM Qualcomm Inc. 0.07% 8,593 $1.6M New
COHR Coherent Corp. 0.06% 3,881 $1.5M New
THYP 21SHARES Hyperliqui Stak ETF 0.06% 39,200 $1.5M New
LENZ Lenz Therapeutics Inc. 0.06% 241,300 $1.4M No change
RMBS Rambus Inc. 0.06% 9,965 $1.3M New
IYM iShares U.S. Basic Materials 0.05% 6,250 $1.1M Reduce -46.4%
METCB Ramaco Resources Inc. Class B 0.05% 128,930 $1.1M Add +1.2%
PUMP Propetro Holding Corp. 0.04% 75,000 $1.1M New
HUYA Huya Inc.-ADR 0.04% 467,300 $1.1M No change
IYR iShares US Real Estate ETF 0.04% 10,055 $1.0M No change
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 0.04% 12,566 $1.0M No change
MLPX Global X MLP & Energy Infras 0.04% 12,286 $905K No change
IWM iShares Russell 2000 ETF 0.03% 2,469 $742K No change
EEM iShares MSCI Emerging Market 0.02% 7,405 $507K No change
GLD SPDR Gold Shares 0.01% 682 $251K No change
BRRR Coinshares Bitcoin ETF 0.01% 13,700 $227K Reduce -71.6%
ONMD Onemednet Corp. 0.00% 112,252 $80K No change
Other holdings (1): bonds, preferreds, convertibles and warrants · $5.1M (not counted above)
SecurityClassShares / PrincipalValueChange
HTZWW Hertz Global Hldgs Inc. -CW51 *W EXP 06/30/205 4,675,405$5.1MNo change

Total filed on the 13F, all lines: $2.4B.

Portfolio Sells Q1 2026 → Q2 2026
MU Micron Technology Inc. Reduce -99.5% 0.07% −4.80
ON On Semiconductor Reduce -88.5% 0.64% −3.92
LRCX Lam Research Corp. Reduce -98.5% 0.08% −3.24
IREN Iren Ltd. Reduce -90.1% 0.34% −2.94
IFS Intercorp Financial Services Sold out 0.00% −2.77
VNET Vnet Group Inc.-ADR Sold out 0.00% −2.63
ECHO Echostar Corp. Class A Reduce -88.2% 0.21% −2.32
CAR Avis Budget Group Inc. Reduce -35.5% 2.18% −2.00
AMX America Movil Sab DE CV Reduce -10.3% 4.31% −1.60
METC Ramaco Resources Inc. Class A Reduce -3.6% 2.92% −1.53
IBIT iShares Bitcoin Trust ETF Sold out 0.00% −1.29
COF Capital One Financial Corp. Reduce -35.6% 1.45% −1.12
LNG Cheniere Energy Inc. Sold out 0.00% −1.00
TV Grupo Televisa SA-Spon ADR Reduce -1.2% 2.49% −0.91
PPTA Perpetua Resources Corp. Reduce -9.2% 1.03% −0.89
ROST Ross Stores Inc. Sold out 0.00% −0.81
TER Teradyne Inc. Sold out 0.00% −0.81
SOXX iShares Semiconductor ETF Sold out 0.00% −0.76
GLNG Golar LNG Ltd. Sold out 0.00% −0.75
CLF Cleveland-Cliffs Inc. Sold out 0.00% −0.64
MDLN Medline Inc. Class A Sold out 0.00% −0.58
NVDA Nvidia Corp. Sold out 0.00% −0.52
QXO Qxo Inc. Reduce -9.7% 0.89% −0.50
CX Cemex Sab-Spons ADR Part Cer Reduce -9.1% 1.58% −0.50
FPS Forgent Power Solutions Class A Sold out 0.00% −0.42
INTU Intuit Inc. Reduce -35.2% 0.15% −0.33
JPM JPMorgan Chase & Co. Reduce -2.2% 2.06% −0.32
ARE Alexandria Real Estate Equit Sold out 0.00% −0.24
HDB HDFC Bank Ltd.-ADR Sold out 0.00% −0.24
CHDN Churchill Downs Inc. Reduce -13.7% 0.52% −0.24
INFQ Infleqtion Inc. Sold out 0.00% −0.20
ALH Alliance Laundry Holdings Inc. Sold out 0.00% −0.16
PINS Pinterest Inc. Class A Reduce -13.8% 0.58% −0.16
IYM iShares U.S. Basic Materials Reduce -46.4% 0.05% −0.06
BRRR Coinshares Bitcoin ETF Reduce -71.6% 0.01% −0.04
XOP SS SPDR S&P Og Exp & Prod Sold out 0.00% −0.03
PRMB Primo Brands Corp. Reduce -1.4% 1.40% +0.03
CMPS Compass Pathways PLC Reduce -16.5% 0.09% +0.04
STUB Stubhub Holdings Inc. Class A Reduce -27.4% 0.37% +0.06
GENI Genius Sports Ltd. Reduce -3.0% 1.82% +0.10
GEO The Geo Group Inc. Reduce -11.7% 1.55% +0.30

Portfolio Buys Q1 2026 → Q2 2026
SNDK Sandisk Corp. Add +13.0% 19.64% +13.55
AMC AMC Entertainment HLDS Class A New 4.10% +4.10
TE T1 Energy Inc. New 2.95% +2.95
CVX Chevron Corp. New 2.45% +2.45
BAP Credicorp Ltd. Add +93.2% 4.41% +1.91
COMP Compass Inc. Class A Add +23.9% 3.86% +1.54
RACE Ferrari NV New 1.26% +1.26
TTWO Take-Two Interactive Softwre New 1.20% +1.20
GS Goldman Sachs Group Inc. New 1.14% +1.14
LPLA LPL Financial Holdings Inc. New 1.10% +1.10
FIVE Five Below New 0.77% +0.77
WRBY Warby Parker Inc. Class A New 0.74% +0.74
WOLF Wolfspeed Inc. Add +29.1% 1.10% +0.74
APP AppLovin Corp. Class A Add +64.0% 1.78% +0.73
MWH Solv Energy Inc. Class A New 0.58% +0.58
NXT Nextpower Inc. New 0.58% +0.58
ZM Zoom Communications Inc. New 0.50% +0.50
GRPN Groupon Inc. New 0.49% +0.49
HAL Halliburton Co. New 0.43% +0.43
PURR Hyperliquid Strategies New 0.43% +0.43
MTSI Macom Technology Solutions H New 0.43% +0.43
AMZN Amazon.com Inc. Add +41.8% 1.75% +0.40
NU Nu Holdings Ltd./Cayman Isl-A Add +60.0% 1.99% +0.31
PAM Pampa Energia SA-Spon ADR New 0.22% +0.22
FISV Fiserv Inc. Add +78.0% 1.13% +0.22
EPU iShares MSCI Peru and Global New 0.22% +0.22
KRMN Karman Holdings Inc. New 0.21% +0.21
CB Chubb Ltd. New 0.21% +0.21
VLO Valero Energy Corp. Add +40.5% 1.29% +0.20
AMD Advanced Micro Devices New 0.19% +0.19
DLR Digital Realty Trust Inc. New 0.18% +0.18
GOOGL Alphabet Inc. Class A New 0.15% +0.15
DDOG Datadog Inc. Class A New 0.15% +0.15
MRVL Marvell Technology Inc. New 0.15% +0.15
PANW Palo Alto Networks Inc. New 0.14% +0.14
SKY Champion Homes Inc. New 0.13% +0.13
FIG Figma Inc. Class A New 0.12% +0.12
HUT Hut 8 Corp. New 0.11% +0.11
LLY Eli Lilly & Co. New 0.11% +0.11
NET Cloudflare Inc. Class A New 0.11% +0.11
RBRK Rubrik Inc. Class A New 0.11% +0.11
BBAR Bbva Argentina SA-ADR Add +15.8% 0.95% +0.11
OUST Ouster Inc. New 0.11% +0.11
VRT Vertiv Holdings Co. Class A New 0.11% +0.11
SNOW Snowflake Inc. New 0.10% +0.10
RDDT Reddit Inc. Class A New 0.10% +0.10
RBLX Roblox Corp. Class A New 0.10% +0.10
BNY Bank of New York Mellon Corp. New 0.10% +0.10
TTAN Servicetitan Inc. Class A New 0.10% +0.10
BHYP Bitwise Hyperliquid ETF New 0.10% +0.10

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 112$2.4BSNDK, BAP, AMX, AMC, COMP
Q1 2026 76$1.9BSNDK, AMX, MU, ON, METC
Q4 2025 87$1.8BAMKR, METC, IREN, AMX, JPM
Q3 2025 85$1.8BMETC, IREN, ORBS, GDLC, AMX
Q2 2025 71$1.3BNBIS, AMX, GENI, IREN, VIST
Q1 2025 55$822.6MGENI, DFS, GGAL, VIST, AMTM
Q4 2024 76$1.4BJPM, GGAL, XOP, AMZN, VIST
Q3 2024 58$799.2MGGAL, VIST, AMZN, TV, VST
Q2 2024 50$731.1MVIST, GGAL, TV, WDC, GEHC
Q1 2024 51$700.0MVIST, GBTC, TV, GGAL, GEHC