Discovery Capital Management: Platform Profile

Overview

Discovery Capital Management is a global macro hedge-fund manager founded by Rob Citrone in 1999. Current first-party materials describe a focus on emerging markets, currencies, fixed income and global macro opportunities.

Its public AUM figure is materially below regulatory AUM, and both are above the Q2 13F value. Those measures should remain distinct.

May fit better for

• investors seeking discretionary global macro;
• allocators interested in emerging markets;
• investors comfortable with currencies and rates;
• qualified investors able to evaluate private-fund terms;
• users who understand that 13F is incomplete for macro portfolios.

May fit less well for

• retail investors seeking public self-service access;
• users who infer currency or rates exposure from 13F holdings;
• investors seeking a passive benchmark-tracking portfolio;
• users expecting one managerwide minimum or fee;
• investors uncomfortable with emerging-market volatility.

Discovery was founded in 1999

Current first-party material supports:

• Founded: 1999
• Founder: Rob Citrone
• Global macro: Yes
• Emerging markets: Yes
• Currencies: Yes
• Fixed income: Yes

Current first-party AUM is $3.5B

• Public AUM: $3.5B
• Public AUM observed: 2026-09-05

Regulatory AUM is about $6.7B

Current March 31, 2026 Form-ADV disclosures show:

• Regulatory AUM: $6.7B
• Regulatory AUM as of: 2026-03-31
• Discretionary AUM: $6.7B
• Client accounts: 15
• Pooled vehicle share of AUM: 100%
• Employees: 36

Form D-derived manager data place the value at approximately $6.75B.

Q2 2026 13F value is $2.408B

Current SEC filing:

• Q2 2026 13F value: $2.408B
• Q2 2026 13F as of: 2026-06-30
• Q2 2026 13F entry count: 113

Currencies, sovereign instruments, derivatives, shorts and other macro exposures are not fully represented on Form 13F.

Private-fund schedule is older than current ADV AUM

AUMdb's accessible detailed fund schedule is sourced from March 2024.

Representative historical facts:

• Historical private fund schedule date: 2024-03
• Historical private fund count: 17
• Historical private fund gross assets: $3.7B
• Discovery Global Opportunity Master gross assets: $2.0B
• Discovery Global Opportunity Partners gross assets: $938M

Current Form D activity confirms private pooled structures

Current 2026 Form D-derived records include:

• Discovery Global Opportunity Fund latest form d: 2026-03-13
• Discovery Global Opportunity Partners latest form d: 2026-03-13

Form D confirms exempt offerings. It does not establish public retail eligibility.

• Public self service retail signup: No

Assessment

Discovery has three useful but non-equivalent scale measures: $3.5B on its public site, roughly $6.7B in regulatory AUM and $2.408B in Q2 13F securities.

For a macro manager, the 13F is especially incomplete.