Discerene Group LP

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Discerene Group LP reported 12 stock positions worth $982.7 million. Its top holding was Alibaba Group Holding-SP ADR (BABA) at 44.5% of the portfolio, followed by Jd.com Inc.-ADR (JD, 18.1%) and New Oriental Educatio-SP ADR (EDU, 10.9%). Compared with Q3 2025, it added to 2 and reduced 4. The biggest buy was New Oriental Educatio-SP ADR (EDU, shares +24%) and the biggest sale Alibaba Group Holding-SP ADR (BABA, shares −0%).

Most Recent 13F
Q2 2026
Location
STAMFORD, CT
CIK
0001632958
Portfolio Value
$982.7M (Q4 2025)
SEC Filing
0001632958-26-000006 ↗ filed Feb 13, 2026

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 Q3 2025 Q4 2025: $982.7M $982.7M Q4 2025 Q1 2026: $863.7M Q1 2026 Q2 2026: $889.1M Q2 2026

Holdings 12 stocks · $982.7M
BABA Alibaba Group Holding-SP ADR 44.46% 2,980,844 $436.9M Reduce -0.2%
JD Jd.com Inc.-ADR 18.14% 6,210,851 $178.3M No change
EDU New Oriental Educatio-SP ADR 10.95% 1,955,430 $107.6M Add +23.7%
SLB SLB Ltd. filed as SLB LIMITED 6.86% 1,755,290 $67.4M No change
WU Western Union Co. 5.50% 5,805,750 $54.1M Reduce -34.1%
SABR Sabre Corp. 5.33% 38,523,820 $52.4M Add +34.9%
HAL Halliburton Co. 3.14% 1,092,244 $30.9M Reduce -12.5%
CCU Cia Cervecerias Uni-Spon ADR filed as COMPANIA CERVECERIAS UNIDAS 2.77% 2,133,345 $27.2M Reduce -13.2%
TAL Tal Education Group- ADR 1.50% 1,354,733 $14.8M No change
KOF Coca-Cola Femsa Sab-SP ADR 0.66% 68,597 $6.5M No change
TEO Telecom Argentina SA-SP ADR 0.58% 487,859 $5.7M No change
TKC Turkcell Iletisim Hizmet-ADR 0.11% 199,788 $1.1M No change

Options reported separately and not counted above: INTC calls ($73.5M).

Portfolio Sells Q3 2025 → Q4 2025
BABA Alibaba Group Holding-SP ADR Reduce -0.2% 44.46% −3.88
WU Western Union Co. Reduce -34.1% 5.50% −0.87
CCU Cia Cervecerias Uni-Spon ADR Reduce -13.2% 2.77% +0.07
HAL Halliburton Co. Reduce -12.5% 3.14% +0.36

Portfolio Buys Q3 2025 → Q4 2025
EDU New Oriental Educatio-SP ADR Add +23.7% 10.95% +3.35
SABR Sabre Corp. Add +34.9% 5.33% +0.60

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