# EDGAR Filing Document

**Accession Number:** 0001389507
**File Stem:** 0000919574-25-006907
**Filing Date:** 2025-11
**Character Count:** 12526
**Document Hash:** bb4dcbba9b93a9e79395736a69b94c39
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000919574-25-006907.hdr.sgml**: 20251114

**ACCESSION NUMBER**: 0000919574-25-006907

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251114

**DATE AS OF CHANGE**: 20251114

**EFFECTIVENESS DATE**: 20251114

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DISCOVERY CAPITAL MANAGEMENT, LLC / CT
- **CENTRAL INDEX KEY:** 0001389507

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** CT
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-12212
- **FILM NUMBER:** 251483883

**BUSINESS ADDRESS:**
- **STREET 1:** 20 MARSHALL STREET
- **STREET 2:** SUITE 310
- **CITY:** SOUTH NORWALK
- **STATE:** CT
- **ZIP:** 06854
- **BUSINESS PHONE:** 203-956-7953

**MAIL ADDRESS:**
- **STREET 1:** 20 MARSHALL STREET
- **STREET 2:** SUITE 310
- **CITY:** SOUTH NORWALK
- **STATE:** CT
- **ZIP:** 06854

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 09-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** DISCOVERY CAPITAL MANAGEMENT LLC / CT<br>**Address:** 20 MARSHALL STREET<br>SUITE 310<br>SOUTH NORWALK, CT 06854

**Form 13F File Number:** 028-12212

**CRD Number (if applicable):** 000161263

**SEC File Number (if applicable):** 801-74047

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Michael Gismondi<br>**Title:** Chief Operating Officer<br>**Phone:** 203-956-7953

**Signature, Place, and Date of Signing:**

/s/Michael Gismondi  South Norwalk, CT  11-14-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 86

**Form 13F Information Table Value Total:** $1823557259

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ABACUS GLOBAL MGMT INC | CL A | 00258Y104 |  | 1575750 | 275000 | SH |  | SOLE |  | 275000 | 0 | 0 |
| ABRDN PRECIOUS METALS BASKET | PHYSCL PRECS MET | 003263100 |  | 336194 | 2032 | SH |  | SOLE |  | 2032 | 0 | 0 |
| ACM RESH INC | COM CL A | 00108J109 |  | 2606058 | 66600 | SH |  | SOLE |  | 66600 | 0 | 0 |
| ADECOAGRO S A | COM | L00849106 |  | 4875500 | 621875 | SH |  | SOLE |  | 621875 | 0 | 0 |
| ADVISORSHARES TR | PURE US CANNABIS | 00768Y453 |  | 6825750 | 1425000 | SH |  | SOLE |  | 1425000 | 0 | 0 |
| AGNICO EAGLE MINES LTD | COM | 008474108 |  | 8765120 | 52000 | SH |  | SOLE |  | 52000 | 0 | 0 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 3467362 | 19400 | SH |  | SOLE |  | 19400 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 17721990 | 72900 | SH |  | SOLE |  | 72900 | 0 | 0 |
| AMENTUM HOLDINGS INC | COM | 023939101 |  | 27281732 | 1139112 | SH |  | SOLE |  | 1139112 | 0 | 0 |
| AMERICA MOVIL SAB DE CV | SPON ADS RP CL B | 02390A101 |  | 98311143 | 4681483 | SH |  | SOLE |  | 4681483 | 0 | 0 |
| APPLOVIN CORP | COM CL A | 03831W108 |  | 21800504 | 30340 | SH |  | SOLE |  | 30340 | 0 | 0 |
| ATI INC | COM | 01741R102 |  | 8548834 | 105100 | SH |  | SOLE |  | 105100 | 0 | 0 |
| BAIDU INC | SPON ADR REP A | 056752108 |  | 9988166 | 75800 | SH |  | SOLE |  | 75800 | 0 | 0 |
| BAKER HUGHES COMPANY | CL A | 05722G100 |  | 10362744 | 212700 | SH |  | SOLE |  | 212700 | 0 | 0 |
| BRINKER INTL INC | COM | 109641100 |  | 23981917 | 189311 | SH |  | SOLE |  | 189311 | 0 | 0 |
| BRINKS CO | COM | 109696104 |  | 5408982 | 46286 | SH |  | SOLE |  | 46286 | 0 | 0 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 43007060 | 202310 | SH |  | SOLE |  | 202310 | 0 | 0 |
| CELESTICA INC | COM | 15101Q207 |  | 30186724 | 122521 | SH |  | SOLE |  | 122521 | 0 | 0 |
| CEMEX SAB DE CV | SPON ADR NEW | 151290889 |  | 28745525 | 3197500 | SH |  | SOLE |  | 3197500 | 0 | 0 |
| CITI TRENDS INC | COM | 17306X102 |  | 4744363 | 152896 | SH |  | SOLE |  | 152896 | 0 | 0 |
| CLEVELAND-CLIFFS INC NEW | COM | 185899101 |  | 21687940 | 1777700 | SH |  | SOLE |  | 1777700 | 0 | 0 |
| COMPASS INC | CL A | 20464U100 |  | 18253483 | 2273161 | SH |  | SOLE |  | 2273161 | 0 | 0 |
| CREDICORP LTD | COM | G2519Y108 |  | 16589244 | 62300 | SH |  | SOLE |  | 62300 | 0 | 0 |
| DATADOG INC | CL A COM | 23804L103 |  | 15806400 | 111000 | SH |  | SOLE |  | 111000 | 0 | 0 |
| ECHOSTAR CORP | CL A | 278768106 |  | 9079204 | 118900 | SH |  | SOLE |  | 118900 | 0 | 0 |
| EIGHTCO HOLDINGS INC | COM | 22890A302 |  | 131609592 | 14383562 | SH |  | SOLE |  | 14383562 | 0 | 0 |
| ELEVANCE HEALTH INC FORMERLY | COM | 036752103 |  | 27303640 | 84500 | SH |  | SOLE |  | 84500 | 0 | 0 |
| EPSIUM ENTERPRISE LTD | ORD SHS CL A | G3090S106 |  | 1647415 | 154108 | SH |  | SOLE |  | 154108 | 0 | 0 |
| ESTABLISHMENT LABS HLDGS INC | COM | G31249108 |  | 6364722 | 155275 | SH |  | SOLE |  | 155275 | 0 | 0 |
| FEDEX CORP | COM | 31428X106 |  | 3065530 | 13000 | SH |  | SOLE |  | 13000 | 0 | 0 |
| FIGURE TECHNOLOGY SOLUTIO | COM CL A | 349381103 |  | 2000350 | 55000 | SH |  | SOLE |  | 55000 | 0 | 0 |
| FISERV INC | COM | 337738108 |  | 12788953 | 99193 | SH |  | SOLE |  | 99193 | 0 | 0 |
| FRONTLINE PLC | COM | M46528101 |  | 5697500 | 250000 | SH |  | SOLE |  | 250000 | 0 | 0 |
| GDS HLDGS LTD | SPONSORED ADS | 36165L108 |  | 40874940 | 1056200 | SH |  | SOLE |  | 1056200 | 0 | 0 |
| GENIUS SPORTS LIMITED | SHARES CL A | G3934V109 |  | 63428224 | 5123443 | SH |  | SOLE |  | 5123443 | 0 | 0 |
| GEO GROUP INC NEW | COM | 36162J106 |  | 27825420 | 1358000 | SH |  | SOLE |  | 1358000 | 0 | 0 |
| GLOBAL X FDS | GLB X MLP ENRG I | 37954Y293 |  | 200986 | 3205 | SH |  | SOLE |  | 3205 | 0 | 0 |
| GOLAR LNG LTD | SHS | G9456A100 |  | 10555092 | 261200 | SH |  | SOLE |  | 261200 | 0 | 0 |
| GRAYSCALE COINDESK CRYPTO | USD SHS | G40705108 |  | 101193758 | 1810264 | SH |  | SOLE |  | 1810264 | 0 | 0 |
| GRUPO TELEVISA S A B | SPON ADR REP ORD | 40049J206 |  | 48736890 | 18117803 | SH |  | SOLE |  | 18117803 | 0 | 0 |
| HDFC BANK LTD | SPONSORED ADS | 40415F101 |  | 25811296 | 755600 | SH |  | SOLE |  | 755600 | 0 | 0 |
| HERTZ GLOBAL HLDGS INC | *W EXP 06/30/205 | 42806J148 |  | 17392507 | 4675405 | SH |  | SOLE |  | 4675405 | 0 | 0 |
| INGERSOLL RAND INC | COM | 45687V106 |  | 10162260 | 123000 | SH |  | SOLE |  | 123000 | 0 | 0 |
| IREN LIMITED | ORDINARY SHARES | Q4982L109 |  | 157952301 | 3365700 | SH |  | SOLE |  | 3365700 | 0 | 0 |
| ISHARES BITCOIN TRUST ETF | SHS BEN INT | 46438F101 |  | 9230000 | 142000 | SH |  | SOLE |  | 142000 | 0 | 0 |
| ISHARES INC | MSCI MEXICO ETF | 464286822 |  | 25138796 | 368550 | SH |  | SOLE |  | 368550 | 0 | 0 |
| ISHARES INC | MSCI CHILE ETF | 464286640 |  | 20936192 | 635200 | SH |  | SOLE |  | 635200 | 0 | 0 |
| ISHARES TR | MSCI EMG MKT ETF | 464287234 |  | 802976 | 15037 | SH |  | SOLE |  | 15037 | 0 | 0 |
| ISHARES TR | TIPS BD ETF | 464287176 |  | 1001091 | 9001 | SH |  | SOLE |  | 9001 | 0 | 0 |
| ISHARES TR | 7-10 YR TRSY BD | 464287440 |  | 1000965 | 10377 | SH |  | SOLE |  | 10377 | 0 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 674101 | 2786 | SH |  | SOLE |  | 2786 | 0 | 0 |
| JABIL INC | COM | 466313103 |  | 21217509 | 97700 | SH |  | SOLE |  | 97700 | 0 | 0 |
| JAMES RIV GROUP LTD | COM | G5005R107 |  | 4547420 | 819355 | SH |  | SOLE |  | 819355 | 0 | 0 |
| JBS N.V. | CL A SHS | N4732M103 |  | 7169386 | 480200 | SH |  | SOLE |  | 480200 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 53875444 | 170800 | SH |  | SOLE |  | 170800 | 0 | 0 |
| LEGENCE CORP | CL A | 52476L109 |  | 1540500 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| LIBERTY ENERGY INC | COM CL A | 53115L104 |  | 11157828 | 904200 | SH |  | SOLE |  | 904200 | 0 | 0 |
| NU HLDGS LTD | ORD SHS CL A | G6683N103 |  | 11070915 | 691500 | SH |  | SOLE |  | 691500 | 0 | 0 |
| ONECONSTRUCTION GROUP LTD | SHS | G6826S100 |  | 169500 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| ONEMEDNET CORP | CL A | 68270C103 |  | 2508952 | 2301791 | SH |  | SOLE |  | 2301791 | 0 | 0 |
| PARSONS CORP DEL | COM | 70202L102 |  | 36335544 | 438200 | SH |  | SOLE |  | 438200 | 0 | 0 |
| PERPETUA RESOURCES CORP | COM | 714266103 |  | 10643003 | 526100 | SH |  | SOLE |  | 526100 | 0 | 0 |
| PG CORP | COM | 69331C108 |  | 5077436 | 336700 | SH |  | SOLE |  | 336700 | 0 | 0 |
| PINTEREST INC | CL A | 72352L106 |  | 11404265 | 354500 | SH |  | SOLE |  | 354500 | 0 | 0 |
| PRIMO BRANDS CORPORATION | CLASS A COM SHS | 741623102 |  | 39472810 | 1786100 | SH |  | SOLE |  | 1786100 | 0 | 0 |
| PULTE GROUP INC | COM | 745867101 |  | 9011266 | 68200 | SH |  | SOLE |  | 68200 | 0 | 0 |
| QXO INC | COM NEW | 82846H405 |  | 34981542 | 1835338 | SH |  | SOLE |  | 1835338 | 0 | 0 |
| RAMACO RES INC | COM CL A | 75134P600 |  | 180963828 | 5452360 | SH |  | SOLE |  | 5452360 | 0 | 0 |
| RAMACO RES INC | COM CL B | 75134P501 |  | 1249394 | 74148 | SH |  | SOLE |  | 74148 | 0 | 0 |
| REGENCELL BIOSCIENCE HLDGS L | ORDINARY SHARES | G7487R100 |  | 713265 | 46166 | SH |  | SOLE |  | 46166 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI INT-UTILS | 81369Y886 |  | 333317 | 3822 | SH |  | SOLE |  | 3822 | 0 | 0 |
| SHARKNINJA INC | COM SHS | G8068L108 |  | 2578750 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| SLM CORP | COM | 78442P106 |  | 4957488 | 179100 | SH |  | SOLE |  | 179100 | 0 | 0 |
| SNAP INC | CL A | 83304A106 |  | 10605876 | 1375600 | SH |  | SOLE |  | 1375600 | 0 | 0 |
| SOLARIS ENERGY INFRAS INC | COM CL A | 83418M103 |  | 22750924 | 569200 | SH |  | SOLE |  | 569200 | 0 | 0 |
| SOLVENTUM CORP | COM SHS | 83444M101 |  | 5854600 | 80200 | SH |  | SOLE |  | 80200 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 201186 | 302 | SH |  | SOLE |  | 302 | 0 | 0 |
| SPDR SERIES TRUST | S HOMEBUILD | 78464A888 |  | 2958360 | 26700 | SH |  | SOLE |  | 26700 | 0 | 0 |
| STUBHUB HLDGS INC | CL A | 86384P109 |  | 9987804 | 593100 | SH |  | SOLE |  | 593100 | 0 | 0 |
| TAKE-TWO INTERACTIVE SOFTWAR | COM | 874054109 |  | 33201069 | 128507 | SH |  | SOLE |  | 128507 | 0 | 0 |
| THE CIGNA GROUP | COM | 125523100 |  | 26259575 | 91100 | SH |  | SOLE |  | 91100 | 0 | 0 |
| TURKCELL ILETISIM HIZMETLERI | SPON ADR NEW | 900111204 |  | 6760683 | 1123037 | SH |  | SOLE |  | 1123037 | 0 | 0 |
| UNITED STS OIL FD LP | UNITS | 91232N207 |  | 333793 | 4526 | SH |  | SOLE |  | 4526 | 0 | 0 |
| VALVOLINE INC | COM | 92047W101 |  | 2883573 | 80300 | SH |  | SOLE |  | 80300 | 0 | 0 |
| VISTA ENERGY S.A.B. DE C.V. | SPONSORED ADS | 92837L109 |  | 40749483 | 1184578 | SH |  | SOLE |  | 1184578 | 0 | 0 |
| VNET GROUP INC | SPONSORED ADS A | 90138A103 |  | 16677785 | 1614500 | SH |  | SOLE |  | 1614500 | 0 | 0 |

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