Q4 2025 · 13F-HR
DISCOVERY CAPITAL MANAGEMENT, LLC / CTholdings as filed
Filed 2026-02-17 · accession 0000919574-26-001128
$1.85B
Reported value
88
Positions
2025-12-31
Period end
The Brief · DISCOVERY CAPITAL MANAGEMENT, LLC / CT · Q4 2025
AI · grounded in 13F
Discovery Capital Management, LLC / CT established a new position in AMKR worth $103.2M. The fund also opened new stakes in COHR for $60.7M and GGAL for $34.6M. On the sell side, the fund closed its position in VIST, resulting in a $40.7M reduction.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 031652100 | AMKR | AMKOR TECHNOLOGY INC | $103.2M | 5.59% | 2,614,934 | Common | SOLE |
| 75134P600 | METC | RAMACO RES INC | $99.2M | 5.37% | 5,511,360 | Common | SOLE |
| Q4982L109 | IREN | IREN LIMITED | $97.6M | 5.28% | 2,583,458 | Common | SOLE |
| 02390A101 | AMX | AMERICA MOVIL SAB DE CV | $88.7M | 4.80% | 4,291,383 | Common | SOLE |
| 46625H100 | JPM | JPMORGAN CHASE & CO. | $73.2M | 3.96% | 227,200 | Common | SOLE |
| 40049J206 | TV | GRUPO TELEVISA S A B | $63.5M | 3.44% | 21,819,041 | Common | SOLE |
| 19247G107 | COHR | COHERENT CORP | $60.7M | 3.28% | 328,837 | Common | SOLE |
| 14040H105 | COF | CAPITAL ONE FINL CORP | $56.3M | 3.05% | 232,210 | Common | SOLE |
| 90138A103 | VNET | VNET GROUP INC | $53.5M | 2.89% | 6,319,100 | Common | SOLE |
| 36165L108 | GDS | GDS HLDGS LTD | $49.8M | 2.70% | 1,428,017 | Common | SOLE |
| G3934V109 | GENI | GENIUS SPORTS LIMITED | $45.9M | 2.48% | 4,165,345 | Common | SOLE |
| N4732M103 | JBS | JBS N.V. | $42.4M | 2.30% | 2,942,400 | Common | SOLE |
| 109641100 | EAT | BRINKER INTL INC | $35.9M | 1.94% | 250,111 | Common | SOLE |
| 151290889 | CX | CEMEX SAB DE CV | $35.5M | 1.92% | 3,091,700 | Common | SOLE |
| 874054109 | TTWO | TAKE-TWO INTERACTIVE SOFTWAR | $35.1M | 1.90% | 136,907 | Common | SOLE |
| 399909100 | GGAL | GRUPO FINANCIERO GALICIA S.A | $34.6M | 1.87% | 640,629 | Common | SOLE |
| 20464U100 | COMP | COMPASS INC | $32.6M | 1.77% | 3,087,561 | Common | SOLE |
| 714266103 | PPTA | PERPETUA RESOURCES CORP | $31.6M | 1.71% | 1,306,700 | Common | SOLE |
| 70202L102 | PSN | PARSONS CORP DEL | $30.8M | 1.67% | 499,100 | Common | SOLE |
| 595112103 | MU | MICRON TECHNOLOGY INC | $30.0M | 1.62% | 105,200 | Common | SOLE |
| 11135F101 | AVGO | BROADCOM INC | $28.8M | 1.56% | 83,200 | Common | SOLE |
| 741623102 | PRMB | PRIMO BRANDS CORPORATION | $28.4M | 1.54% | 1,736,100 | Common | SOLE |
| 007903107 | AMD | ADVANCED MICRO DEVICES INC | $28.1M | 1.52% | 131,400 | Common | SOLE |
| 30303M102 | META | META PLATFORMS INC | $27.7M | 1.50% | 42,000 | Common | SOLE |
| 40415F101 | HDB | HDFC BANK LTD | $27.6M | 1.49% | 755,600 | Common | SOLE |
| 185899101 | CLF | CLEVELAND-CLIFFS INC NEW | $26.3M | 1.42% | 1,977,700 | Common | SOLE |
| 512807306 | LRCX | LAM RESEARCH CORP | $26.0M | 1.41% | 151,900 | Common | SOLE |
| 82846H405 | QXO | QXO INC | $26.0M | 1.41% | 1,346,538 | Common | SOLE |
| 22890A302 | ORBS | EIGHTCO HOLDINGS INC | $25.7M | 1.39% | 14,869,791 | Common | SOLE |
| 03831W108 | APP | APPLOVIN CORP | $25.1M | 1.36% | 37,240 | Common | SOLE |
| G2519Y108 | BAP | CREDICORP LTD | $23.7M | 1.28% | 82,500 | Common | SOLE |
| 55024U109 | LITE | LUMENTUM HLDGS INC | $23.0M | 1.24% | 62,400 | Common | SOLE |
| 04247X102 | AWI | ARMSTRONG WORLD INDS INC NEW | $22.5M | 1.22% | 118,000 | Common | SOLE |
| 36162J106 | GEO | GEO GROUP INC NEW | $21.1M | 1.14% | 1,311,900 | Common | SOLE |
| 171484108 | CHDN | CHURCHILL DOWNS INC | $19.2M | 1.04% | 168,900 | Common | SOLE |
| 278768106 | SATS | ECHOSTAR CORP | $18.8M | 1.02% | 173,000 | Common | SOLE |
| G40705108 | GDLC | GRAYSCALE COINDESK CRYPTO | $17.5M | 0.95% | 423,129 | Common | SOLE |
| 337738108 | FISV | FISERV INC | $17.4M | 0.94% | 259,100 | Common | SOLE |
| 097023105 | BA | BOEING CO | $16.7M | 0.90% | 77,000 | Common | SOLE |
| 72352L106 | PINS | PINTEREST INC | $16.1M | 0.87% | 621,200 | Common | SOLE |
| 00724F101 | ADBE | ADOBE INC | $13.3M | 0.72% | 37,900 | Common | SOLE |
| 86384P109 | STUB | STUBHUB HLDGS INC | $13.0M | 0.70% | 960,507 | Common | SOLE |
| 42806J148 | HTZWW | HERTZ GLOBAL HLDGS INC | $12.5M | 0.68% | 4,675,405 | Common | SOLE |
| 910047109 | UAL | UNITED AIRLS HLDGS INC | $11.7M | 0.64% | 105,000 | Common | SOLE |
| 00108J109 | ACMR | ACM RESH INC | $11.7M | 0.63% | 296,200 | Common | SOLE |
| 83444M101 | SOLV | SOLVENTUM CORP | $11.7M | 0.63% | 147,300 | Common | SOLE |
| 247361702 | DAL | DELTA AIR LINES INC DEL | $11.6M | 0.63% | 167,000 | Common | SOLE |
| G31249108 | ESTA | ESTABLISHMENT LABS HLDGS INC | $11.3M | 0.61% | 155,275 | Common | SOLE |
| 23804L103 | DDOG | DATADOG INC | $11.3M | 0.61% | 83,200 | Common | SOLE |
| 580135101 | MCD | MCDONALDS CORP | $11.2M | 0.61% | 36,800 | Common | SOLE |
| 023135106 | AMZN | AMAZON COM INC | $10.0M | 0.54% | 43,300 | Common | SOLE |
| 056752108 | BIDU | BAIDU INC | $9.9M | 0.54% | 75,800 | Common | SOLE |
| 25754A201 | DPZ | DOMINOS PIZZA INC | $9.9M | 0.53% | 23,700 | Common | SOLE |
| 984245100 | YPF | YPF SOCIEDAD ANONIMA | $9.8M | 0.53% | 270,100 | Common | SOLE |
| L00849106 | AGRO | ADECOAGRO S A | $9.5M | 0.52% | 1,203,535 | Common | SOLE |
| 008474108 | AEM | AGNICO EAGLE MINES LTD | $8.5M | 0.46% | 50,400 | Common | SOLE |
| 83304A106 | SNAP | SNAP INC | $8.3M | 0.45% | 1,027,500 | Common | SOLE |
| 058934100 | BBAR | BANCO BBVA ARGENTINA S A | $8.1M | 0.44% | 448,100 | Common | SOLE |
| 464286822 | EWW | ISHARES INC | $7.3M | 0.39% | 105,150 | Common | SOLE |
| G6683N103 | NU | NU HLDGS LTD | $7.2M | 0.39% | 427,300 | Common | SOLE |
| G9456A100 | GLNG | GOLAR LNG LTD | $7.1M | 0.39% | 191,987 | Common | SOLE |
| 109696104 | BCO | BRINKS CO | $6.9M | 0.37% | 59,006 | Common | SOLE |
| 485924104 | KRMN | KARMAN HLDGS INC | $5.5M | 0.30% | 75,000 | Common | SOLE |
| 46990A102 | JRVR | JAMES RIV GROUP HOLDINGS INC | $5.2M | 0.28% | 819,355 | Common | SOLE |
| 53947R105 | LOAR | LOAR HOLDINGS INC | $5.1M | 0.28% | 75,000 | Common | SOLE |
| G6700G107 | NVT | NVENT ELECTRIC PLC | $4.5M | 0.24% | 44,400 | Common | SOLE |
| 05961W105 | BMA | BANCO MACRO SA | $4.4M | 0.24% | 49,000 | Common | SOLE |
| 52635N103 | LENZ | LENZ THERAPEUTICS INC | $3.9M | 0.21% | 241,300 | Common | SOLE |
| G93A5A101 | VIK | VIKING HOLDINGS LTD | $3.6M | 0.19% | 50,000 | Common | SOLE |
| M46528101 | FRO | FRONTLINE PLC | $3.5M | 0.19% | 160,100 | Common | SOLE |
| 01862Q107 | ALH | ALLIANCE LAUNDRY HLDGS INC | $3.1M | 0.17% | 150,000 | Common | SOLE |
| 78442P106 | SLM | SLM CORP | $3.0M | 0.16% | 111,400 | Common | SOLE |
| G8068L108 | SN | SHARKNINJA INC | $2.8M | 0.15% | 25,000 | Common | SOLE |
| 36317J209 | GLXY | GALAXY DIGITAL INC. | $2.2M | 0.12% | 100,000 | Common | SOLE |
| 15101Q207 | CLS | CELESTICA INC | $2.2M | 0.12% | 7,400 | Common | SOLE |
| 093712107 | BE | BLOOM ENERGY CORP | $2.2M | 0.12% | 25,000 | Common | SOLE |
| 75134P501 | METCB | RAMACO RES INC | $1.5M | 0.08% | 125,612 | Common | SOLE |
| 36241U106 | GSIT | GSI TECHNOLOGY INC | $1.1M | 0.06% | 183,600 | Common | SOLE |
| 78462F103 | SPY | SPDR S&P 500 ETF TR | $1.0M | 0.06% | 1,500 | Common | SOLE |
| 464288513 | HYG | ISHARES TR | $1.0M | 0.05% | 12,566 | Common | SOLE |
| 464287739 | IYR | ISHARES TR | $944,064 | 0.05% | 10,055 | Common | SOLE |
| 37954Y293 | MLPX | GLOBAL X FDS | $743,672 | 0.04% | 12,286 | Common | SOLE |
| 464287457 | SHY | ISHARES TR | $675,563 | 0.04% | 8,157 | Common | SOLE |
| 464287655 | IWM | ISHARES TR | $607,769 | 0.03% | 2,469 | Common | SOLE |
| 78468R556 | XOP | SPDR SERIES TRUST | $405,926 | 0.02% | 3,215 | Common | SOLE |
| 464287234 | EEM | ISHARES TR | $405,128 | 0.02% | 7,405 | Common | SOLE |
| 46438F101 | IBIT | ISHARES BITCOIN TRUST ETF | $338,861 | 0.02% | 6,825 | Common | SOLE |
| 78463V107 | GLD | SPDR GOLD TR | $270,283 | 0.01% | 682 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.