13F Insight
DOSSIER · 13F-HR · Q1 2026

Discerene Group LP

$946M in tracked AUM across 12 positions as of Q1 2026.

DG
CIK 0001632958 · last filed Mar 31, 2026
Total AUM
$946M
as of Q1 2026
Holdings
12
—
positions
Whale Score
73
73
strong
Activity
—
no data
changes this Q
AI Analysis · Q1 2026
Comprehensive Analysis of Discerene Group LP 13F Filing (Q3 2025)
Portfolio Overview

Discerene Group LP’s Q3 2025 filing reveals a highly concentrated portfolio undergoing a significant transformation in both size and composition. The total portfolio value decreased by 17.2%, dropping from $970.21 million to $803.13 million. This reduction is not solely attributable to market performance but is largely the result of a drastic reduction in the number of holdings, which fell from a more dive...

Key Holdings

The portfolio is overwhelmingly dominated by Chinese technology and e-commerce giants, which comprise over 93% of the total assets.

  • Alibaba Group (BABA): This is the flagship position, valued at $533.60 million, representing a massive 66.44% of the portfolio. Discerene holds 2.99 million shares, indicating a strong conviction that the stock is undervalued or poised for a turnaround.
  • JD.com (JD): The second-largest holding is valued at $217.26 million, comprising 27.05% of the portfolio. With 6.21 million shares, this reinforces the fund's heavy bet on the Chinese consumer sector.
  • Sabre Corp (SABR): The only non-Chinese holding in the top three, Sabre is a technology play on the travel industry. Valued at $52.28 million (6.51% of the portfolio), this position was the only one to see active buying during the quarter.

Quarter at a glance — Q1 2026

Position-change comparison pending.

No quarter-over-quarter changes available.

Top 10 holdings

By portfolio weight as of Q1 2026.

#HoldingValueSharesWeight
01
BABA
ALIBABA GROUP HLDG LTD
$332M2.6M35.0%02
JD
JD.COM INC
$176M6.0M18.6%03
EDU
NEW ORIENTAL ED & TECHNOLOGY
$107M1.9M11.3%04
INTC
INTEL CORP
$83M1.9M8.7%05
SLB
SLB LTD
$79M1.5M8.3%06
SABR
SABRE CORP
$57M39.1M6.0%07
HAL
HALLIBURTON CO
$39M994K4.1%08
WU
WESTERN UN CO
$32M3.7M3.4%09
CCU
COMPANIA CERVECERIAS UNIDAS
$21M1.9M2.2%10
TAL
TAL ED GROUP
$15M1.4M1.6%

Filing history

2026Q1Mar 31
$946M▼ 10.4%
12 positionsView →2025Q4Dec 31
$1.1B▲ 31.5%
13 positionsView →2025Q3Sep 30
$803M▼ 17.2%
3 positionsView →2025Q2Jun 30
$970M▲ 43.9%
13 positionsLocked2025Q1Mar 31
$674M▼ 11.8%
3 positionsLocked2024Q4Dec 31
$765M▼ 14.0%
12 positionsLocked2024Q3Sep 30
$889M▲ 36.4%
12 positionsLocked2024Q2Jun 30
$652M▼ 5.4%
11 positionsLocked2024Q1Mar 31
$689M▼ 13.8%
11 positionsLocked2023Q4Dec 31
$800M▼ 1.6%
14 positionsLocked2023Q3Sep 30
$813M▲ 6.4%
15 positionsLocked2023Q2Jun 30
$764M▼ 1.4%
14 positionsLocked
Showing 12 of 22