Discovery Capital Management, LLC and affiliated filers reported beneficial ownership of 55,511,739 shares of AMC Entertainment Holdings Class A common stock, representing 7.4% of the class. The filing credits Discovery Global Opportunity Master Fund, Ltd. with 50,509,905 shares (6.7%).
The Schedule 13G/A amendment states these shares are directly owned by advisory clients of Discovery Capital Management, LLC, and shows shared voting and dispositive power for the reported amounts. The filing is signed by Robert K. Citrone on 05/05/2026.
Positive
None.
Negative
None.
Insights
Holds and control disclosures clarify who directs votes and dispositions.
The amendment lists 55,511,739 shares under shared voting and dispositive power for Discovery Capital Management, LLC, and attributes 50,509,905 shares to Discovery Global Opportunity Master Fund, Ltd.. The filing documents beneficial ownership and voting arrangements as required for large holders.
Implications are procedural: governance watchers should note the 7.4% and 6.7% thresholds and that the securities are owned by advisory clients. Subsequent filings may change reported percentages as positions shift.
Key Figures
Discovery Capital shares owned:55,511,739 sharesDiscovery Capital percent:7.4%Discovery Global Opportunity shares:50,509,905 shares
3 metrics
Discovery Capital shares owned55,511,739 sharesbeneficial ownership reported in Schedule 13G/A
Discovery Capital percent<percent>7.4%</percent>percent of Class A common stock reported
Discovery Global Opportunity shares50,509,905 sharesbeneficial ownership attributed to the fund
"Amount beneficially owned: Discovery Capital Management, LLC - 55,511,739"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
shared dispositive powerregulatory
"Shared Dispositive Power 55,511,739.00"
Schedule 13G/Aregulatory
"Form type: SCHEDULE 13G/A"
A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.
What stake does Discovery Capital report in AMC (AMC)?
Discovery Capital Management reports beneficial ownership of 55,511,739 shares, representing 7.4% of AMC Class A common stock as disclosed in the amendment.
How many shares does Discovery Global Opportunity Master Fund hold?
The filing attributes 50,509,905 shares to Discovery Global Opportunity Master Fund, Ltd., representing 6.7% of AMC's Class A common stock per the amendment.
Who controls the voting and disposition rights for these shares?
The amendment reports shared voting and shared dispositive power over the reported shares for Discovery Capital Management and Robert K. Citrone; sole power is listed as zero for each.
Are the reported shares personally owned by Robert K. Citrone?
No. The filing shows the shares are directly owned by advisory clients of Discovery Capital Management, LLC, with Robert K. Citrone reporting shared power and signing the amendment.
When was this Schedule 13G/A amendment filed?
The amendment is signed and dated 05/05/2026 by Robert K. Citrone, reflecting the reported ownership on that date.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 2)
AMC Entertainment Holdings, Inc.
(Name of Issuer)
Class A common stock
(Title of Class of Securities)
00165C302
(CUSIP Number)
05/05/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
00165C302
1
Names of Reporting Persons
Discovery Capital Management, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
CONNECTICUT
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
55,511,739.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
55,511,739.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
55,511,739.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
7.4 %
12
Type of Reporting Person (See Instructions)
IA
SCHEDULE 13G
CUSIP Number(s):
00165C302
1
Names of Reporting Persons
Robert K. Citrone
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
55,511,739.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
55,511,739.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
55,511,739.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
7.4 %
12
Type of Reporting Person (See Instructions)
HC, IN
SCHEDULE 13G
CUSIP Number(s):
00165C302
1
Names of Reporting Persons
Discovery Global Opportunity Master Fund, Ltd.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
CAYMAN ISLANDS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
50,509,905.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
50,509,905.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
50,509,905.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
6.7 %
12
Type of Reporting Person (See Instructions)
CO
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
AMC Entertainment Holdings, Inc.
(b)
Address of issuer's principal executive offices:
One AMC Way, 11500 Ash Street, Leawood, KS 66211
Item 2.
(a)
Name of person filing:
Discovery Capital Management, LLC
Robert K. Citrone
Discovery Global Opportunity Master Fund, Ltd.
(b)
Address or principal business office or, if none, residence:
Discovery Capital Management, LLC
20 Marshall Street, Suite 310
South Norwalk, CT 06854
United States of America
Robert K. Citrone
c/o Discovery Capital Management, LLC
20 Marshall Street, Suite 310
South Norwalk, CT 06854
United States of America
Discovery Global Opportunity Master Fund, Ltd.
c/o Discovery Capital Management, LLC
20 Marshall Street, Suite 310
South Norwalk, CT 06854
United States of America
(c)
Citizenship:
Discovery Capital Management, LLC - Connecticut
Robert K. Citrone - United States
Discovery Global Opportunity Master Fund, Ltd. - Cayman Islands
(d)
Title of class of securities:
Class A common stock
(e)
CUSIP No.:
00165C302
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
Discovery Capital Management, LLC - 55,511,739
Robert K. Citrone - 55,511,739
Discovery Global Opportunity Master Fund, Ltd. - 50,509,905
(b)
Percent of class:
Discovery Capital Management, LLC - 7.4%
Robert K. Citrone - 7.4%
Discovery Global Opportunity Master Fund, Ltd. - 6.7%
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
Discovery Capital Management, LLC - 0
Robert K. Citrone - 0
Discovery Global Opportunity Master Fund, Ltd. - 0
(ii) Shared power to vote or to direct the vote:
Discovery Capital Management, LLC - 55,511,739
Robert K. Citrone - 55,511,739
Discovery Global Opportunity Master Fund, Ltd. - 50,509,905
(iii) Sole power to dispose or to direct the disposition of:
Discovery Capital Management, LLC - 0
Robert K. Citrone - 0
Discovery Global Opportunity Master Fund, Ltd. - 0
(iv) Shared power to dispose or to direct the disposition of:
Discovery Capital Management, LLC - 55,511,739
Robert K. Citrone - 55,511,739
Discovery Global Opportunity Master Fund, Ltd. - 50,509,905
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
All of the securities reported in this Schedule 13G are directly owned by advisory clients of Discovery Capital Management, LLC. None of those advisory clients, other than Discovery Global Opportunity Master Fund, Ltd. may be deemed to beneficially own more than 5% of the Common Stock, $0.01 par value.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
