DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

Former SEC-registered adviser

Discovery Capital Management

Former SEC-registered adviserPurchase, New YorkCRD 163251SEC 801-109006IAPD
Legal name Discovery Capital Management, LLC
Latest filing Mar 31, 2021
First filing on the tape Jan 19, 2017 · 13 filings
RAUM
$66.9M
reported, Item 5.F
Discretionary
50%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
2
1 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
2
$33.4M gross assets
History
13 filings and snapshots on the tape
RAUM$66.9M as of Mar 31, 2021
Jan 12, 2018$150M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 31, 2021
Jan 12, 20180 then
Employees (5.A)2 as of Mar 31, 2021
Jan 12, 20181 then
Private funds2 as of Mar 31, 2021
Jan 12, 20187 then
RAUM -57% over the last fiscal year-24% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 31, 2021; every figure names its basis
RAUM per advisor
unknownderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
unknownderivedHNW RAUM over HNW clients
Average account
$9.6MderivedRAUM over accounts (5.F.2.f)
Discretionary
50%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived1 offices incl. principal (1.F.5)
RAUM growth, one year
-57%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, performance-basedreportedItem 5.E
Advisory activities
portfolio management for businesses and institutions, portfolio management for pooled vehiclesreportedItem 5.G
Custody
$33.4M, 2 clientsreportedItem 9.A
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
  • an independent public accountant performs a surprise examination (9.C.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$66.9M100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
7reported
Financial planning clients
n/areported
Wrap fee programs
noreported
Custody of client assets
$33.4M for 2 clientsreported
Compensation
% of AUM, performancereported
Class basis
absent from the latest SEC rosterderived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
none on the tape
    Joined, latest
    none on the tape
      Every departureEvery arrival
      Private funds
      7 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      Dcm Multi-Manager Fund Series D Of Dcm Multi-Manager Fund, LLCHedge Fund$41.7M8Mar 30, 2012
      Dcm Multi Manager Offshore Fund, Ltd. Class Ino longer reportedHedge Fund$8.0M1Apr 6, 2017
      Dcm Multi Manager Fund Series H Of Dcm Multi Manager Fund, LLCno longer reportedHedge Fund$8.0M8Apr 6, 2017
      Dcm Multi Manager Fund Series G Of Dcm Multi Manager Fund, LLCno longer reportedHedge Fund$4.0M4Jan 19, 2017
      Subset Equity Market Sentiment Fund, LLCHedge Fund$1.3M5Jan 12, 2018
      Dcm Multi Manager Fund Series F Of Dcm Multi Manager Fund, LLCno longer reportedHedge Fund$10,0001Mar 25, 2016
      Dcm Multi Manager Offshore Fund, Ltd. Class Dno longer reportedHedge Fund$01Apr 6, 2017
      Owners and control persons
      Schedule A and B, latest filing
      • Joanne Costantini · Chief Compliance Officercontrol
        since 06/2020 · owns less than 5%
      • V Stephen Ditursi · Chief Investment Officercontrol
        since 06/2020 · owns less than 5%
      • Peter John Mcniff · Managing Membercontrol
        since 12/2002 · owns 75% or more
      Related persons
      Schedule D 7.A
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Accounts · 13 to 7
        Sep 23, 2020 to Mar 31, 2021
      • Pooled vehicle clients · 13 to 7
        Sep 23, 2020 to Mar 31, 2021
      • Assets in custody · unset to 33420411.0
        Sep 23, 2020 to Mar 31, 2021
      • Custody of client assets · false to true
        Sep 23, 2020 to Mar 31, 2021
      • Private funds · 3 to 2
        Sep 23, 2020 to Mar 31, 2021
      • Discretionary RAUM · $114M to $33.4M
        Sep 23, 2020 to Mar 31, 2021
      • Non-discretionary RAUM · $42.5M to $33.4M
        Sep 23, 2020 to Mar 31, 2021
      • Pooled vehicle RAUM · $156M to $66.9M
        Sep 23, 2020 to Mar 31, 2021
      • RAUM · $156M to $66.9M
        Sep 23, 2020 to Mar 31, 2021
      • Employees · 1 to 2
        Jul 23, 2020 to Sep 23, 2020
      • Private funds · 7 to 3
        Jul 23, 2020 to Sep 23, 2020
      • Advisory employees · 0 to 1
        Mar 30, 2020 to Jul 23, 2020
      • Employees · 0 to 1
        Mar 30, 2020 to Jul 23, 2020
      • HQ city · NEW YORK to PURCHASE
        Mar 30, 2020 to Jul 23, 2020
      • Accounts · 11 to 13
        Mar 26, 2019 to Mar 30, 2020
      • Pooled vehicle clients · 11 to 13
        Mar 26, 2019 to Mar 30, 2020
      • Employees · 1 to 0
        Mar 26, 2019 to Mar 30, 2020
      • Discretionary RAUM · $55.0M to $114M
        Mar 26, 2019 to Mar 30, 2020
      • Non-discretionary RAUM · $53.4M to $42.5M
        Mar 26, 2019 to Mar 30, 2020
      • Pooled vehicle RAUM · $108M to $156M
        Mar 26, 2019 to Mar 30, 2020
      • RAUM · $108M to $156M
        Mar 26, 2019 to Mar 30, 2020
      • Financial planning clients · 0 to unset
        Jun 1, 2018 to Mar 26, 2019
      • Discretionary RAUM · $80.0M to $55.0M
        Jun 1, 2018 to Mar 26, 2019
      • Non-discretionary RAUM · $70.0M to $53.4M
        Jun 1, 2018 to Mar 26, 2019
      • Pooled vehicle RAUM · $150M to $108M
        Jun 1, 2018 to Mar 26, 2019
      • RAUM · $150M to $108M
        Jun 1, 2018 to Mar 26, 2019
      • Discretionary RAUM · $134M to $80.0M
        Nov 20, 2017 to Jan 12, 2018
      • Pooled vehicle RAUM · $204M to $150M
        Nov 20, 2017 to Jan 12, 2018
      • RAUM · $204M to $150M
        Nov 20, 2017 to Jan 12, 2018
      • Related adviser · false to true
        Nov 20, 2017 to Jan 12, 2018
      • Accounts · 8 to 11
        Apr 6, 2017 to Nov 20, 2017
      • Advisory activities · 1 to 2
        Apr 6, 2017 to Nov 20, 2017
      • Pooled vehicle clients · unset to 11.0
        Apr 6, 2017 to Nov 20, 2017
      • Assets in custody · 40000000.0 to unset
        Apr 6, 2017 to Nov 20, 2017
      • Custody of client assets · true to false
        Apr 6, 2017 to Nov 20, 2017
      • Financial planning clients · 1-10 to 0
        Apr 6, 2017 to Nov 20, 2017
      • Other offices · unset to 0.0
        Apr 6, 2017 to Nov 20, 2017
      • Private funds · 8 to 7
        Apr 6, 2017 to Nov 20, 2017
      • Discretionary RAUM · $118M to $134M
        Apr 6, 2017 to Nov 20, 2017
      • Non-discretionary RAUM · $62.6M to $70.0M
        Apr 6, 2017 to Nov 20, 2017
      Signals
      5 dated events
      • Paul Thomas Zucosky (Chief Compliance Officer, Chief Investment Officer And Managing Member) no longer on Schedule A of Discovery Capital Management (listed 2020-03-30, absent 2020-07-23)
        Jul 23, 2020 · Control person left · inference
      • Eric Donald Motschwiller (Managing Member) no longer on Schedule A of Discovery Capital Management (listed 2020-03-30, absent 2020-07-23)
        Jul 23, 2020 · Control person left · inference
      • V Stephen Ditursi (Managing Member) appeared on Schedule A of Discovery Capital Management
        Jul 23, 2020 · Control person joined · fact
      • Joanne Costantini (Chief Compliance Officer) appeared on Schedule A of Discovery Capital Management
        Jul 23, 2020 · Control person joined · fact
      • Discovery Capital Management filed its initial SEC registration (Form ADV)
        Jan 19, 2017 · First SEC registration · fact
      Across DFX
      shared identifiers only, never a name match
      Provenance
      Form ADV
      SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
      Advisors
      IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
      Class
      Former SEC-registered adviserderiveda rule over Items 5.D and 7.A
      RAUM per advisor
      n/aderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026