In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 14, 2026), Discerene Group LP reported 11 stock positions worth $863.7 million . Its top holding was Alibaba Group Holding-SP ADR (BABA) at 38.4% of the portfolio, followed by Jd.com Inc.-ADR (JD, 20.4% ) and New Oriental Educatio-SP ADR (EDU, 12.4% ). Compared with Q4 2025, it sold out of 1, added to 1 and reduced 8. The biggest buy was Sabre (SABR, shares +1% ) and the biggest sale Alibaba Group Holding-SP ADR (BABA, shares −11% ).
Location STAMFORD, CT
CIK 0001632958
Portfolio Value $863.7M (Q1 2026) Holdings 11 stocks · $863.7M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q4 2025 BABA Alibaba Group Holding-SP ADR 2,642,678 $331.6M Reduce -11.3% JD Jd.com Inc.-ADR 5,957,841 $176.2M Reduce -4.1% EDU New Oriental Educatio-SP ADR 1,885,823 $106.8M Reduce -3.6% SLB SLB Ltd. filed as SLB LIMITED 1,537,505 $79.0M Reduce -12.4% SABR Sabre Corp. 39,093,531 $56.7M Add +1.5% HAL Halliburton Co. 993,920 $38.8M Reduce -9.0% WU Western Union Co. 3,672,417 $32.1M Reduce -36.8% CCU Cia Cervecerias Uni-Spon ADR filed as COMPANIA CERVECERIAS UNIDAS 1,872,635 $21.3M Reduce -12.2% TAL Tal Education Group- ADR filed as TAL ED GROUP 1,354,733 $15.4M No change TEO Telecom Argentina SA-SP ADR 414,244 $4.8M Reduce -15.1% TKC Turkcell Iletisim Hizmet-ADR 199,788 $1.2M No change
Options reported separately and not counted above: INTC calls ($82.7M).
Portfolio Sells Q4 2025 → Q1 2026 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2025 % Of Portfolio Change To Portfolio ▲ BABA Alibaba Group Holding-SP ADR Reduce -11.3% 38.39% −6.08 WU Western Union Co. Reduce -36.8% 3.71% −1.79 KOF Coca-Cola Femsa Sab-SP ADR Sold out 0.00% −0.66 CCU Cia Cervecerias Uni-Spon ADR Reduce -12.2% 2.46% −0.31 TEO Telecom Argentina SA-SP ADR Reduce -15.1% 0.56% −0.02 HAL Halliburton Co. Reduce -9.0% 4.49% +1.35 EDU New Oriental Educatio-SP ADR Reduce -3.6% 12.36% +1.41 JD Jd.com Inc.-ADR Reduce -4.1% 20.40% +2.26 SLB SLB Ltd. Reduce -12.4% 9.15% +2.29
Portfolio Buys Q4 2025 → Q1 2026 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2025 % Of Portfolio Change To Portfolio ▼ SABR Sabre Corp. Add +1.5% 6.56% +1.23
Options Activity Q4 2025 → Q1 2026 Security Type Change vs Q4 2025 Underlying Shares Value ▼ INTC Intel Corp. call Reduce -6.0% 1,873,600 $82.7M
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 12 $889.1M BABA, JD, EDU, CPRT, SABR Q1 2026 11 $863.7M BABA, JD, EDU, SLB, SABR Q4 2025 12 $982.7M BABA, JD, EDU, SLB, WU Q3 2025 12 $1.1B BABA, JD, EDU, WU, SLB Q2 2025 12 $925.6M BABA, JD, WU, EDU, SABR Q1 2025 12 $957.0M BABA, JD, EDU, WU, SLB Q4 2024 11 $725.1M BABA, JD, WU, SABR, SLB Q3 2024 11 $842.5M BABA, JD, WU, SABR, SLB Q2 2024 11 $651.9M BABA, JD, WU, SLB, SABR Q1 2024 11 $689.4M BABA, JD, WU, SLB, SABR