Kora Management LP
Long book
$701.5M
Q1 2026
Positions
9
Top-10 weight
100%
concentration
Last quarter
+27.8%
SPY +14.8%
Turnover
0%
of book per quarter
Strategy in plain words
auto-generated from filingsKora Management LP is a diversified fundamental manager, running a $701.5M US long book across 9 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: SEA LTD-ADR, NEBIUS GROUP NV, NU HOLDINGS LTD/CAYMAN ISL-A, PDD HOLDINGS INC, MERCADOLIBRE INC.
Over the last 9 quarters its long book ran on average 6.3pp per quarter ahead of the S&P 500, beating the index in 7 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+20.0%
Q2 2024
+21.9%
Q3 2024
+3.2%
Q4 2024
+13.1%
Q1 2025
+30.4%
Q2 2025
+24.6%
Q3 2025
-22.8%
Q4 2025
-21.5%
Q1 2026
+27.8%
Sector allocation
Technology 54%
Financials 34%
Services media 12%
Long book by quarter
What does Kora Management own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NBIS NEBIUS GROUP NV | Technology | 1.1M | $109.6M | 15.6% | +23.8% |
| NU NU HOLDINGS LTD/CAYMAN ISL-A | Financials | 7.3M | $104.4M | 14.9% | Held |
| MELI MERCADOLIBRE INC | Services media | 21.3K | $36.8M | 5.2% | Held |
| U UNITY SOFTWARE INC | Technology | 1.6M | $35.0M | 5.0% | +5547.9% |
| RBLX ROBLOX CORP -CLASS A | Technology | 390.0K | $22.1M | 3.1% | +100.0% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 9 | $701.5M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 9 | $750.7M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 7 | $941.8M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 6 | $813.7M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 8 | $764.4M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 8 | $861.0M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 8 | $836.4M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 7 | $727.5M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 6 | $482.9M | canonical | SEC ↗ |
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