Discerene Group LP
Long book
$863.7M
Q1 2026
Positions
11
Top-10 weight
100%
concentration
Last quarter
-11.3%
SPY +14.8%
Turnover
8%
of book per quarter
Strategy in plain words
auto-generated from filingsDiscerene Group LP is a concentrated fundamental stock-picker, running a $863.7M US long book across 11 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: ALIBABA GROUP HOLDING-SP ADR, JD.COM INC-ADR, NEW ORIENTAL EDUCATIO-SP ADR, SLB LTD, SABRE CORP.
Over the last 9 quarters its long book ran on average 1.8pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-3.1%
Q2 2024
+30.0%
Q3 2024
-13.1%
Q4 2024
+26.1%
Q1 2025
-11.5%
Q2 2025
+19.7%
Q3 2025
-10.4%
Q4 2025
-2.0%
Q1 2026
-11.3%
Sector allocation
Energy 57%
Technology 27%
Services media 16%
Long book by quarter
What does Discerene Group own?
Q1 2026 13F13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 14, 2026 | 12 | $946.4M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 13 | $1.06B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 12, 2025 | 13 | $1.17B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 12, 2025 | 13 | $970.2M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 13, 2025 | 13 | $1.00B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 12, 2025 | 12 | $765.1M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 8, 2024 | 12 | $889.3M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 12, 2024 | 11 | $651.9M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 13, 2024 | 11 | $689.4M | canonical | SEC ↗ |
Similar funds
Sanders Capital, LLCGATES FOUNDATION TRUSTEAGLE CAPITAL MANAGEMENT LLCWoodbridge Co LtdAlecta Tjanstepension OmsesidigtMubadala Investment Co PJSCH&H International Investment, LLCNewlands Management Operations LLCINVESTOR ABIndependent Franchise Partners LLPPineStone Asset Management Inc.Pentwater Capital Management LP