Kora Management LP
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Kora Management LP reported 7 stock positions worth $941.8 million. Its top holding was Sea Ltd.-ADR (SE) at 58.5% of the portfolio, followed by Nu Holdings Ltd./Cayman Isl-A (NU, 12.2%) and Nebius (NBIS, 8.8%). Compared with Q2 2025, it opened 1 new position, added to 2 and reduced 4. The biggest buy was Nu Holdings Ltd./Cayman Isl-A (NU, shares +47%) and the biggest sale Sea Ltd.-ADR (SE, shares −10%).
- Most Recent 13F
- Q2 2026
- Location
- BROOKLYN, NY
- CIK
- 0001659815
- Portfolio Value
- $941.8M (Q3 2025)
- SEC Filing
- 0000902664-25-004977 ↗ filed Nov 14, 2025
Holdings Value
Holdings 7 stocks · $941.8M
| SE Sea Ltd.-ADR | 58.55% | 3,085,138 | $551.4M | Reduce -10.3% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 12.15% | 7,148,000 | $114.4M | Add +47.2% |
| NBIS Nebius Group NV | 8.78% | 736,244 | $82.7M | Reduce -51.5% |
| PDD PDD Holdings Inc. | 8.48% | 604,250 | $79.9M | Add +33.3% |
| RBLX Roblox Corp. Class A | 6.79% | 461,400 | $63.9M | Reduce -5.3% |
| MELI MercadoLibre Inc. | 3.81% | 15,360 | $35.9M | New |
| U Unity Software Inc. | 1.44% | 339,500 | $13.6M | Reduce -42.6% |
Portfolio Sells Q2 2025 → Q3 2025
Portfolio Buys Q2 2025 → Q3 2025
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 10 | $843.0M | SE, NBIS, NU, U, PDD |
| Q1 2026 | 9 | $701.5M | SE, NBIS, NU, PDD, MELI |
| Q4 2025 | 9 | $750.7M | SE, NU, NBIS, PDD, MELI |
| Q3 2025 | 7 | $941.8M | SE, NU, NBIS, PDD, RBLX |
| Q2 2025 | 6 | $813.7M | SE, NBIS, NU, RBLX, PDD |
| Q1 2025 | 8 | $764.4M | SE, PDD, NBIS, NU, BABA |
| Q4 2024 | 7 | $742.3M | SE, NBIS, NU, RBLX, PDD |
| Q3 2024 | 7 | $687.8M | SE, NU, PDD, RBLX, MELI |
| Q2 2024 | 6 | $569.1M | SE, NU, PDD, RBLX, MELI |
| Q1 2024 | 6 | $482.9M | SE, NU, PDD, RBLX, MELI |