Discerene Group LP

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 13, 2024), Discerene Group LP reported 11 stock positions worth $689.4 million. Its top holding was Alibaba Group Holding-SP ADR (BABA) at 31.7% of the portfolio, followed by Jd.com Inc.-ADR (JD, 22.1%) and Western Union (WU, 13.6%). Compared with Q4 2023, it sold out of 2, added to 4 and reduced 1. The biggest buy was Jd.com Inc.-ADR (JD, shares +66%) and the biggest sale an exit from Uber Technologies (UBER).

Most Recent 13F
Q2 2026
Location
STAMFORD, CT
CIK
0001632958
Portfolio Value
$689.4M (Q1 2024)
SEC Filing
0001493152-24-018921 ↗ filed May 13, 2024

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $689.4M $689.4M Q1 2024 Q2 2024: $651.9M Q2 2024 Q3 2024: $842.5M Q3 2024 Q4 2024: $725.1M Q4 2024 Q1 2025: $957.0M Q1 2025 Q2 2025: $925.6M Q2 2025 Q3 2025: $1.1B Q3 2025 Q4 2025: $982.7M Q4 2025 Q1 2026: $863.7M Q1 2026 Q2 2026: $889.1M Q2 2026

Holdings 11 stocks · $689.4M
BABA Alibaba Group Holding-SP ADR 31.71% 3,021,375 $218.6M Add +21.2%
JD Jd.com Inc.-ADR 22.07% 5,554,851 $152.1M Add +66.0%
WU Western Union Co. 13.55% 6,682,192 $93.4M Add +11.9%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 12.84% 1,615,265 $88.5M No change
SABR Sabre Corp. 6.75% 19,231,613 $46.5M Add +19.0%
TAL Tal Education Group- ADR 6.40% 3,885,587 $44.1M Reduce -8.1%
CCU Cia Cervecerias Uni-Spon ADR filed as COMPANIA CERVECERIAS UNIDAS 4.38% 2,520,503 $30.2M No change
KOF Coca-Cola Femsa Sab-SP ADR 0.97% 68,607 $6.7M No change
TEO Telecom Argentina SA-SP ADR 0.77% 667,890 $5.3M No change
TKC Turkcell Iletisim Hizmet-ADR 0.48% 643,069 $3.3M No change
HAL Halliburton Co. 0.07% 12,540 $494K No change

Portfolio Sells Q4 2023 → Q1 2024
UBER Uber Technologies Inc. Sold out 0.00% −20.80
RBA RB Global Inc. Sold out 0.00% −2.15
TAL Tal Education Group- ADR Reduce -8.1% 6.40% −0.28

Portfolio Buys Q4 2023 → Q1 2024
JD Jd.com Inc.-ADR Add +66.0% 22.07% +9.98
BABA Alibaba Group Holding-SP ADR Add +21.2% 31.71% +7.55
WU Western Union Co. Add +11.9% 13.55% +4.65
SABR Sabre Corp. Add +19.0% 6.75% −2.15

Notes & Other Activity Q4 2023 → Q1 2024
VISTRA CORP - CW24 *W EXP 02/02/202 Sold out 11,547 $84before exit

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 12$889.1MBABA, JD, EDU, CPRT, SABR
Q1 2026 11$863.7MBABA, JD, EDU, SLB, SABR
Q4 2025 12$982.7MBABA, JD, EDU, SLB, WU
Q3 2025 12$1.1BBABA, JD, EDU, WU, SLB
Q2 2025 12$925.6MBABA, JD, WU, EDU, SABR
Q1 2025 12$957.0MBABA, JD, EDU, WU, SLB
Q4 2024 11$725.1MBABA, JD, WU, SABR, SLB
Q3 2024 11$842.5MBABA, JD, WU, SABR, SLB
Q2 2024 11$651.9MBABA, JD, WU, SLB, SABR
Q1 2024 11$689.4MBABA, JD, WU, SLB, SABR