Discerene Group LP

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 13, 2025), Discerene Group LP reported 12 stock positions worth $957.0 million. Its top holding was Alibaba Group Holding-SP ADR (BABA) at 41.0% of the portfolio, followed by Jd.com Inc.-ADR (JD, 23.9%) and New Oriental Educatio-SP ADR (EDU, 7.9%). Compared with Q4 2024, it opened 1 new position and reduced 1. The biggest buy was a new position in New Oriental Educatio-SP ADR (EDU) and the biggest sale Tal Education Group- ADR (TAL, shares −63%).

Most Recent 13F
Q2 2026
Location
STAMFORD, CT
CIK
0001632958
Portfolio Value
$957.0M (Q1 2025)
SEC Filing
0001802874-25-000006 ↗ filed May 13, 2025

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $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 $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 12 stocks · $957.0M
BABA Alibaba Group Holding-SP ADR 41.00% 2,967,087 $392.3M No change
JD Jd.com Inc.-ADR 23.87% 5,554,851 $228.4M No change
EDU New Oriental Educatio-SP ADR 7.90% 1,580,514 $75.6M New
WU Western Union Co. 7.39% 6,682,192 $70.7M No change
SLB SLB Ltd. filed as SCHLUMBERGER LTD 7.06% 1,615,265 $67.5M No change
SABR Sabre Corp. 5.61% 19,110,272 $53.7M No change
CCU Cia Cervecerias Uni-Spon ADR filed as COMPANIA CERVECERIAS UNIDAS 4.00% 2,517,157 $38.3M No change
TAL Tal Education Group- ADR 1.87% 1,354,733 $17.9M Reduce -63.3%
KOF Coca-Cola Femsa Sab-SP ADR 0.65% 68,597 $6.3M No change
TEO Telecom Argentina SA-SP ADR 0.52% 487,859 $5.0M No change
TKC Turkcell Iletisim Hizmet-ADR 0.13% 199,788 $1.2M No change
HAL Halliburton Co. 0.01% 5,414 $137K No change

Options reported separately and not counted above: INTC calls ($45.3M).

Portfolio Sells Q4 2024 → Q1 2025
TAL Tal Education Group- ADR Reduce -63.3% 1.87% −3.23

Portfolio Buys Q4 2024 → Q1 2025
EDU New Oriental Educatio-SP ADR New 7.90% +7.90

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