Discerene Group LP

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 12, 2025), Discerene Group LP reported 12 stock positions worth $925.6 million. Its top holding was Alibaba Group Holding-SP ADR (BABA) at 36.6% of the portfolio, followed by Jd.com Inc.-ADR (JD, 21.9%) and Western Union (WU, 9.4%). Compared with Q1 2025, it added to 6. The biggest buy was Halliburton (HAL, shares +24123%).

Most Recent 13F
Q2 2026
Location
STAMFORD, CT
CIK
0001632958
Portfolio Value
$925.6M (Q2 2025)
SEC Filing
0001632958-25-000011 ↗ filed Aug 12, 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 Q1 2025 Q2 2025: $925.6M $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 · $925.6M
BABA Alibaba Group Holding-SP ADR 36.58% 2,985,487 $338.6M Add +0.6%
JD Jd.com Inc.-ADR 21.90% 6,210,851 $202.7M Add +11.8%
WU Western Union Co. 9.43% 10,366,558 $87.3M Add +55.1%
EDU New Oriental Educatio-SP ADR 9.21% 1,580,514 $85.3M No change
SABR Sabre Corp. 7.25% 21,242,336 $67.1M Add +11.2%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 6.41% 1,755,290 $59.3M Add +8.7%
CCU Cia Cervecerias Uni-Spon ADR filed as COMPANIA CERVECERIAS UNIDAS 3.51% 2,517,157 $32.5M No change
HAL Halliburton Co. 2.89% 1,311,414 $26.7M Add +24122.6%
TAL Tal Education Group- ADR 1.50% 1,354,733 $13.8M No change
KOF Coca-Cola Femsa Sab-SP ADR 0.72% 68,597 $6.6M No change
TEO Telecom Argentina SA-SP ADR 0.47% 487,859 $4.3M No change
TKC Turkcell Iletisim Hizmet-ADR 0.13% 199,788 $1.2M No change

Options reported separately and not counted above: INTC calls ($44.6M).

Portfolio Sells Q1 2025 → Q2 2025
None this quarter.

Portfolio Buys Q1 2025 → Q2 2025
HAL Halliburton Co. Add +24122.6% 2.89% +2.87
WU Western Union Co. Add +55.1% 9.43% +2.04
SABR Sabre Corp. Add +11.2% 7.25% +1.64
SLB SLB Ltd. Add +8.7% 6.41% −0.65
JD Jd.com Inc.-ADR Add +11.8% 21.90% −1.97
BABA Alibaba Group Holding-SP ADR Add +0.6% 36.58% −4.42

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