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Discovery Capital Management, LLC / CT

CIK:0001389507
Hedge Fund
$1B AUM
74 holdings
South Norwalk, CT, US
Founded:1999
Latest filing:Jun 30, 2025

Discovery Capital Management, LLC is a Connecticut-based hedge fund founded in 1999 by Robert K. Citrone. The firm is primarily located in South Norwalk, CT, and serves institutional and high-net-worth investors. As an established hedge fund, Discovery Capital is known for its global macro investing approach and typically maintains a mid-sized team, though specific employee count is not publicly disclosed.

Investment Strategy

Discovery Capital Management employs a global macro strategy, investing across a diverse range of asset classes, markets, and geographies. The firm utilizes both long and short positions based on macroeconomic analysis, aiming to generate returns through active management and market timing. The focus is on leveraging opportunities in equities, currencies, commodities, and fixed income by identifying and capitalizing on major economic and political trends.

Latest 13F Filing Activity

Discovery Capital Management, LLC / CT filed their most recent 13F report on Jun 30, 2025 disclosing 70 equity positions and 2 options positions with a total 13F market value of $1B. The fund increased holdings in America Movil Sab de CV, Celestica Inc., Capital One Finl Corp. among other positions. Discovery Capital Management, LLC / CT reduced exposure to Grupo Financiero Galicia S.A, Boeing Co., Unitedhealth Group Inc. among others.

Top Buys
A
AMXAMERICA MOVIL SAB DE CV
+$57.3M
C
CLSCELESTICA INC
+$57.1M
C
COFCAPITAL ONE FINL CORP
+$51.4M
Q
QXOQXO INC
+$51.3M
J
JPMJPMORGAN CHASE & CO.
+$48.4M
Top Sells
G
GGALGRUPO FINANCIERO GALICIA S.A
-$29.7M
B
BABOEING CO
-$15.6M
U
UNHUNITEDHEALTH GROUP INC
-$12.7M
G
GEOGEO GROUP INC NEW
-$11.7M
E
EATBRINKER INTL INC
-$11.1M

Top Holdings

A
AMXAMERICA MOVIL SAB DE CV
+7.4%$95.0M
G
GENIGENIUS SPORTS LIMITED
+5.5%$71.0M
I
IRENIREN LIMITED
+4.7%$60.5M
V
VISTVISTA ENERGY S.A.B. DE C.V.
+4.5%$57.5M
C
CLSCELESTICA INC
+4.5%$57.1M

Equity Positions (70)

TickerSecurityWeightMarket ValueSharesAvg CostPriceChange (QoQ)
AMERICA MOVIL SAB DE CV7.42%$95.0M5,293,183$17.20$17.94+$57.3M
GENIUS SPORTS LIMITED5.55%$71.0M6,824,743$7.10$10.40+$11.8M
IREN LIMITED4.73%$60.5M4,150,300$10.16$14.57+$44.2M
VISTA ENERGY S.A.B. DE C.V.4.49%$57.5M1,201,817$17.00$47.81+$4.9M
CELESTICA INC4.46%$57.1M365,721$156.11$156.11+$57.1M

Options Positions (2)

TickerSecurityActionTypeNotional ValueContractsUnderlying PricePremium PaidChange (Contracts)Change (Value)
SPDR S&P 500 ETF TRBought
Put
$4.6M75$617.85$617.85+75+$4.6M
ISHARES TRNew
Put
$350.0K755,265$215.79$215.79+755,265+$350.0K

Industry Allocation

SILVER ORES
+10.0%
SERVICES-COMPUTER PROCESSING & DATA PREPARATION
+8.7%
PAPERBOARD CONTAINERS & BOXES
+7.2%
SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC.
+7.1%
COMMODITY CONTRACTS BROKERS & DEALERS
+6.1%