Discovery Capital Sells Shares of These 5 Stocks in Q3

Wall St. Watchdog reveals information regarding significant reduction in shares for Discovery Capital Management’s holdings on the quarter ending September 30th, 2011. The firm is bearish on these stocks:

  • Ishares Msci Emerging Markets Index (NYSE:EEM): On 06/30/2011, Discovery Capital Management reported holding 5,797,350 shares. On 09/30/2011, Discovery Capital Management reported holding 624,200 shares. The net reduction in shares for this position is 5,173,150 or 89.23%. 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.
  • Sohu.com Inc. (NASDAQ:SOHU): On 06/30/2011, Discovery Capital Management reported holding 303,700 shares. On 09/30/2011, Discovery Capital Management reported holding 47,400 shares. The net reduction in shares for this position is 256,300 or 84.39%. About Company: Sohu.com Inc. operates an Internet portal in China. The Company’s Web site consists of Chinese language Web navigational and search capabilities, Web-based communications services, and a platform for e-commerce services.
  • Youku.com Inc. American Depositary Shares Each Representing 18 Class A Ordinary Shares. (NYSE:YOKU): On 06/30/2011, Discovery Capital Management reported holding 1,576,000 shares. On 09/30/2011, Discovery Capital Management reported holding 522,200 shares. The net reduction in shares for this position is 1,053,800 or 66.87%. About Company: Youku.com Inc. is an Internet television company. The Company’s Internet television platform enables consumers to search, view and share video content quickly and easily across multiple devices in the People’s Republic of China.
  • Credicorp Ltd. (NYSE:BAP): On 06/30/2011, Discovery Capital Management reported holding 1,016,322 shares. On 09/30/2011, Discovery Capital Management reported holding 468,922 shares. The net reduction in shares for this position is 547,400 or 53.86%. 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.
  • Cvr Energy Inc. (NYSE:CVI): On 06/30/2011, Discovery Capital Management reported holding 2,153,922 shares. On 09/30/2011, Discovery Capital Management reported holding 1,079,522 shares. The net reduction in shares for this position is 1,074,400 or 49.88%. About Company: CVR Energy, Inc. is an independent refiner and marketer of transportation fuels. The Company, also through a limited partnership produces ammonia and urea ammonia nitrate, or UAN, fertilizers.

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

Advantage: Check out our interactive stock charts, fundamentals, Twitter stream, and more >>

Improve Your 2011 Financial Health: Join the winning team of stock pickers with Wall St. Cheat Sheet’s acclaimed premium newsletter>>

More from The Cheat Sheet