Managers / Q4 2023 · view latest →
DISCOVERY CAPITAL MANAGEMENT, LLC / CT
CIK 0001389507 · 20 MARSHALL STREET, SUITE 310, SOUTH NORWALK, CT, 06854 · 203-956-7953
Reported Value
$661M
Q4 2023
Positions
49
Filings on Record
30
2019–present window
Filed
Feb 14, 2024
original filing
Summary
Discovery Capital Management, LLC / Ct reported $661M in U.S.-listed holdings across 49 positions for Q4 2023.
Its largest position, Vista Energy S A B De C V, represents 12.9% of the portfolio.
Compared with Q3 2023, the fund opened 23 new positions and exited 13.
Portfolio Metrics
Turnover
+39.5%
vs prior filed quarter
Top-10 Concentration
+57.3%
share of reported value
Largest Position
+12.9%
Vista Energy S A B De C V
New / Exited
23 / 13
positions this quarter
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
13F Reported Value
Portfolio Composition
By security type
- ADR · 34.0% · $225M
- Common Stock · 31.3% · $207M
- Other · 17.8% · $118M
- ETP · 11.7% · $77M
- Equity WRT · 5.2% · $34M
Quarter-over-Quarter Changes full breakdown →
vs Q3 2023 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| ITAU UNIBANCO HLDG S A | NEW | +3.56M | 3.56M | +$25M | $25M |
| RTXRTX CORPORATION | NEW | +247.3K | 247.3K | +$21M | $21M |
| CEMEX SAB DE CV | NEW | +1.95M | 1.95M | +$15M | $15M |
| GENIUS SPORTS LIMITED | NEW | +2.30M | 2.30M | +$14M | $14M |
| ANFABERCROMBIE & FITCH CO | NEW | +156.3K | 156.3K | +$14M | $14M |
| ISHARES INC | NEW | +392.7K | 392.7K | +$14M | $14M |
| UAAUNDER ARMOUR INC | NEW | +1.14M | 1.14M | +$10M | $10M |
| SMTCSEMTECH CORP | NEW | +398.7K | 398.7K | +$9M | $9M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2023
44 positions
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | VISTA ENERGY S.A.B. DE C.V. | SPONSORED ADS | 12.86% | $85M | 2.88M |
| 2 | HTZHERTZ GLOBAL HLDGS INC | COM NEW · *W EXP 06/30/205 | 12.03% | $80M | 10.62M |
| 3 | TLVGRUPO TELEVISA S A Bhistory → | SPON ADR REP ORD | 7.54% | $50M | 14.93M |
| 4 | ISHARES INC | MSCI MEXICO ETF · MSCI BRAZIL ETF | 6.86% | $45M | 858.5K |
| 5 | STONECO LTD | COM CL A | 6.10% | $40M | 2.24M |
| 6 | CREDO TECHNOLOGY GROUP HOLDI | ORDINARY SHARES | 4.11% | $27M | 1.40M |
| 7 | ITAU UNIBANCO HLDG S A | SPON ADR REP PFD | 3.74% | $25M | 3.56M |
| 8 | RTXRTX CORPORATIONhistory → | COM | 3.15% | $21M | 247.3K |
| 9 | GGALGRUPO FINANCIERO GALICIA S.Ahistory → | SPONSORED ADR | 3.03% | $20M | 1.16M |
| 10 | ADECOAGRO S A | COM | 2.75% | $18M | 1.64M |
| 11 | INVESCO EXCHANGE TRADED FD T | S&P500 EQL WGT | 2.58% | $17M | 108.3K |
| 12 | CEMEX SAB DE CV | SPON ADR NEW | 2.29% | $15M | 1.95M |
| 13 | GENIUS SPORTS LIMITED | SHARES CL A | 2.15% | $14M | 2.30M |
| 14 | COMPCOMPASS INChistory → | CL A | 2.12% | $14M | 3.72M |
| 15 | ANFABERCROMBIE & FITCH COhistory → | CL A | 2.09% | $14M | 156.3K |
| 16 | UAAUNDER ARMOUR INC | CL A · CL C | 2.07% | $14M | 1.58M |
| 17 | ANETEURARISTA NETWORKS INChistory → | COM | 1.87% | $12M | 52.4K |
| 18 | 8LP1VITAL ENERGY INChistory → | COM | 1.69% | $11M | 245.5K |
| 19 | NTNXNUTANIX INChistory → | CL A | 1.62% | $11M | 224.8K |
| 20 | OVERBEYOND INChistory → | COM | 1.36% | $9M | 323.8K |
| 21 | SMTCSEMTECH CORPhistory → | COM | 1.32% | $9M | 398.7K |
| 22 | AMXAMERICA MOVIL SAB DE CVhistory → | SPON ADS RP CL B | 1.21% | $8M | 433.2K |
| 23 | LNGCHENIERE ENERGY INChistory → | COM NEW | 1.20% | $8M | 46.3K |
| 24 | LEUCENTRUS ENERGY CORPhistory → | CL A | 1.19% | $8M | 144.7K |
| 25 | BMABANCO MACRO SAhistory → | SPON ADR B | 1.16% | $8M | 266.1K |
| 26 | MLB1MERCADOLIBRE INChistory → | COM | 1.08% | $7M | 4.5K |
| 27 | YPF SOCIEDAD ANONIMA | SPON ADR CL D | 1.00% | $7M | 384.9K |
| 28 | INTERCORP FINL SVCS INC | SHS | 0.97% | $6M | 291.9K |
| 29 | COINCOINBASE GLOBAL INChistory → | COM CL A | 0.88% | $6M | 33.6K |
| 30 | WOLF*WOLFSPEED INChistory → | COM | 0.83% | $6M | 126.6K |
| 31 | HLITHARMONIC INChistory → | COM | 0.82% | $5M | 413.4K |
| 32 | CELHCELSIUS HLDGS INChistory → | COM NEW | 0.81% | $5M | 98.1K |
| 33 | BABAALIBABA GROUP HLDG LTDhistory → | SPONSORED ADS | 0.61% | $4M | 52.3K |
| 34 | JAMES RIV GROUP LTD | COM | 0.60% | $4M | 428.5K |
| 35 | PAGSEGURO DIGITAL LTD | COM CL A | 0.60% | $4M | 315.6K |
| 36 | VANECK ETF TRUST | VANECK VIETNAM | 0.57% | $4M | 293.0K |
| 37 | XP INC | CL A | 0.53% | $4M | 135.1K |
| 38 | BBDBANCO BRADESCO S Ahistory → | SP ADR PFD NEW | 0.53% | $3M | 996.7K |
| 39 | GLOBAL X FDS | GB MSCI AR ETF | 0.46% | $3M | 59.2K |
| 40 | SPDR SER TR | OILGAS EQUIP | 0.45% | $3M | 35.5K |
| 41 | ISHARES TR | MSCI INDIA ETF · 7-10 YR TRSY BD · IBOXX HI YD ETF | 0.44% | $3M | 53.5K |
| 42 | FMFFORMFACTOR INChistory → | COM | 0.41% | $3M | 65.4K |
| 43 | EA SERIES TRUST | FREEDOM 100 EM | 0.30% | $2M | 60.9K |
| 44 | ALAUNOS THERAPEUTICS INC | COM | 0.04% | $282,931 | 4.00M |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $1.9B | 77 | May 15, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $1.8B | 88 | Feb 17, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $1.8B | 86 | Nov 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $1.3B | 74 | Aug 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $836M | 56 | May 15, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $1.5B | 78 | Feb 12, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $819M | 59 | Nov 13, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $779M | 52 | Aug 13, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $760M | 53 | May 15, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $661M | 49 | Feb 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $563M | 40 | Nov 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $951M | 61 | Aug 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $880M | 54 | May 15, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $686M | 48 | Feb 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $669M | 48 | Nov 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $776M | 59 | Aug 15, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $1.2B | 72 | May 16, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $1.3B | 70 | Feb 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $1.3B | 69 | Nov 15, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $1.5B | 60 | Aug 16, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $746M | 66 | May 17, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $811M | 53 | Feb 16, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $652M | 62 | Nov 16, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $551M | 55 | Aug 14, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $364M | 32 | May 15, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $315M | 22 | Feb 14, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q3 2019 | $598M | 28 | Nov 14, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q2 2019 | $1.0B | 37 | Aug 14, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q1 2019 | $960M | 32 | May 15, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q4 2018 | $1.2B | 42 | Feb 14, 2019 | 13F-HR | changes · EDGAR ↗ |
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.