Discerene Group LP

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 12, 2025), Discerene Group LP reported 12 stock positions worth $1.1 billion. Its top holding was Alibaba Group Holding-SP ADR (BABA) at 48.3% of the portfolio, followed by Jd.com Inc.-ADR (JD, 19.7%) and New Oriental Educatio-SP ADR (EDU, 7.6%). Compared with Q2 2025, it added to 1 and reduced 3. The biggest buy was Sabre (SABR, shares +34%) and the biggest sale Western Union (WU, shares −15%).

Most Recent 13F
Q2 2026
Location
STAMFORD, CT
CIK
0001632958
Portfolio Value
$1.1B (Q3 2025)
SEC Filing
0001632958-25-000019 ↗ filed Nov 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 Q2 2025 Q3 2025: $1.1B $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 · $1.1B
BABA Alibaba Group Holding-SP ADR 48.34% 2,985,487 $533.6M No change
JD Jd.com Inc.-ADR 19.68% 6,210,851 $217.3M No change
EDU New Oriental Educatio-SP ADR 7.60% 1,580,514 $83.9M No change
WU Western Union Co. 6.38% 8,807,178 $70.4M Reduce -15.0%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 5.47% 1,755,290 $60.3M No change
SABR Sabre Corp. 4.74% 28,565,608 $52.3M Add +34.5%
HAL Halliburton Co. 2.78% 1,248,484 $30.7M Reduce -4.8%
CCU Cia Cervecerias Uni-Spon ADR filed as COMPANIA CERVECERIAS UNIDAS 2.70% 2,457,278 $29.8M Reduce -2.4%
TAL Tal Education Group- ADR 1.37% 1,354,733 $15.2M No change
KOF Coca-Cola Femsa Sab-SP ADR 0.52% 68,597 $5.7M No change
TEO Telecom Argentina SA-SP ADR 0.32% 487,859 $3.5M No change
TKC Turkcell Iletisim Hizmet-ADR 0.11% 199,788 $1.2M No change

Options reported separately and not counted above: INTC calls ($66.9M).

Portfolio Sells Q2 2025 → Q3 2025
WU Western Union Co. Reduce -15.0% 6.38% −3.06
CCU Cia Cervecerias Uni-Spon ADR Reduce -2.4% 2.70% −0.82
HAL Halliburton Co. Reduce -4.8% 2.78% −0.11

Portfolio Buys Q2 2025 → Q3 2025
SABR Sabre Corp. Add +34.5% 4.74% −2.52

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