Discovery Capital 13F Release of Top Financial Shares: XLF, BAP, DFS, BMA, DB

Wall St. Watchdog reveals information regarding Discovery Capital Management’s top holdings in the Financial sector for the quarter ending September 30th, 2011. The firm held 15 stocks in the Financial sector at the end of the quarter with an aggregate market value of $242.937 million.

  • Financial Select Sector Spdr (NYSE:XLF): On 06/30/2011, Discovery Capital Management reported holding 0 shares. On 09/30/2011, Discovery Capital Management reported holding 5,035,000 shares with a market value of $59,463,352. This comprised 2.04% of the total portfolio. The net change in shares for this position over the two quarters is 5,035,000. About Company: Financial Select Sector SPDR Fund is an exchange-traded fund incorporated in the USA. The Fund’s objective is to provide investment results that, before expenses, correspond to the performance of The Financial Select Sector. The Index includes financial services firms whose business’ range from investment management to commercial & business banking.
  • Credicorp Ltd. (NYSE:BAP): On 06/30/2011, Discovery Capital Management reported holding 1,016,322 shares with a market value of $87,505,323. This comprised 2.92% of the total portfolio. On 09/30/2011, Discovery Capital Management reported holding 468,922 shares with a market value of $43,234,607. This comprised 1.49% of the total portfolio. The net change in shares for this position over the two quarters is -547,400. About Company: Credicorp Limited is a holding company for Banco de Credito del Peru, El Pacifico-Peruano Suiza Insurance Company and Atlantic Security Holding Corporation, among others. Credicorp provides a full range of financial services including commercial banking, corporate finance, brokerage services, asset management, trust and insurance.
  • Discover Fin Svcs (NYSE:DFS): On 06/30/2011, Discovery Capital Management reported holding 1,359,900 shares with a market value of $36,377,325. This comprised 1.21% of the total portfolio. On 09/30/2011, Discovery Capital Management reported holding 1,291,400 shares with a market value of $29,624,717. This comprised 1.02% of the total portfolio. The net change in shares for this position over the two quarters is -68,500. About Company: Discover Financial Services is a credit card issuer and electronic payment services company. The Company issues credit cards and offers student and personal loans, as well as savings products such as certificates of deposit and money market accounts and operates an automated teller machine(ATM)/debit network, which includes ATMs, as well as POS terminals nationwide.
  • Ishares Msci Emerging Markets Index (NYSE:EEM): On 06/30/2011, Discovery Capital Management reported holding 5,797,350 shares with a market value of $275,953,851. This comprised 9.21% of the total portfolio. On 09/30/2011, Discovery Capital Management reported holding 624,200 shares with a market value of $21,909,419. This comprised 0.75% of the total portfolio. The net change in shares for this position over the two quarters is -5,173,150. About Company: iShares MSCI Emerging Markets Index is an exchange-traded fund incorporated in the USA. The Fund seeks results that correspond generally to the price and yield performance of the MSCI TR Emerging Markets Index. The Fund will concentrate its investments in a particular industry or geographic region to approximately the same extent the Index is so concentrated.
  • Banco Macro S.a. (NYSE:BMA): On 06/30/2011, Discovery Capital Management reported holding 1,205,476 shares with a market value of $45,494,666. This comprised 1.52% of the total portfolio. On 09/30/2011, Discovery Capital Management reported holding 1,046,377 shares with a market value of $20,938,004. This comprised 0.72% of the total portfolio. The net change in shares for this position over the two quarters is -159,099. About Company: Banco Macro SA attracts deposits and offers retail and commercial banking services. The Bank offers Visa and Amex credit cards, consumer loans, insurance, and other financial services. Bansud operates in Argentina and in the Bahamas through its subsidiary Sun Bank & Trust.
  • Deutsche Bank Ag (NYSE:DB): On 06/30/2011, Discovery Capital Management reported holding 0 shares. On 09/30/2011, Discovery Capital Management reported holding 514,800 shares with a market value of $17,817,228. This comprised 0.61% of the total portfolio. The net change in shares for this position over the two quarters is 514,800. About Company: Deutsche Bank AG is a global financial service provider delivering commercial, investment, private and retail banking. The Bank offers debt, foreign exchange, derivatives, commodities, money markets, repo and securitization, cash equities, research, equity prime services, loans, convertibles, advice on M&A and IPO’s, trade finance, retail banking, asset management and corporate investments.
  • Vanguard Emerging Markets Stock Etf (NYSE:VWO): On 06/30/2011, Discovery Capital Management reported holding 0 shares. On 09/30/2011, Discovery Capital Management reported holding 488,800 shares with a market value of $17,513,705. This comprised 0.6% of the total portfolio. The net change in shares for this position over the two quarters is 488,800. About Company: Vanguard Emerging Markets ETF is an exchange-traded fund incorporated in the USA. The Fund seeks to track the performance of the MSCI Daily TR Net Emerging Markets USD Index. The Fund invests its assets in the stocks that make up the Index, holding each stock in the same proportion as its weighting.
  • Grupo Financiero Galicia S.a. (NASDAQ:GGAL): On 06/30/2011, Discovery Capital Management reported holding 1,570,897 shares with a market value of $21,269,945. This comprised 0.71% of the total portfolio. On 09/30/2011, Discovery Capital Management reported holding 1,555,497 shares with a market value of $12,879,515. This comprised 0.44% of the total portfolio. The net change in shares for this position over the two quarters is -15,400. About Company: Grupo Financiero Galicia S.A. operates as a financial services holding company for Banco Galicia, a commercial bank in Argentina. The Bank attracts deposits and offers business and consumer loans, mortgages, investment banking, securities brokerage services, foreign exchange services, mutual funds, insurance, annuities, and credit cards.
  • Itau Unibanco Banco Holding Sa (NYSE:ITUB): On 06/30/2011, Discovery Capital Management reported holding 258,100 shares with a market value of $6,078,255. This comprised 0.2% of the total portfolio. On 09/30/2011, Discovery Capital Management reported holding 447,250 shares with a market value of $6,941,320. This comprised 0.24% of the total portfolio. The net change in shares for this position over the two quarters is 189,150. About Company: Itau Unibanco Holding SA attracts deposits and offer retail, commercial, corporate, and private banking services. The Bank offers consumer loans, financial management, insurance, pension plans, treasury services, mortgage loans, lease financing, securities brokerage, and foreign exchange services.
  • Assured Guaranty Ltd. (NYSE:AGO): On 06/30/2011, Discovery Capital Management reported holding 0 shares. On 09/30/2011, Discovery Capital Management reported holding 505,400 shares with a market value of $5,554,346. This comprised 0.19% of the total portfolio. The net change in shares for this position over the two quarters is 505,400. About Company: Assured Guaranty Ltd. provides financial guaranty insurance and reinsurance, as well as mortgage guaranty coverage. The Company’s products include guaranties for municipal finance, structured finance, and corporate bonds.

(Note: Data regarding Discovery Capital Management’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

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