Discerene Group LP

CIK 0001632958 · Q1 2026

13F Equity AUM

$946.4M

-10.4% QoQ

Positions

-1 QoQ

AUM Rank

#2,896

Top 23%

Skill Alpha (FF)

+2.2%/yr^ns

No Clear Edge

Rank #1,098 · Top 13%

vs S&P +0.8%/yr (unadj.)

Quarters Tracked

~5 years

Portfolio Concentration

Top 5: 82.0%Top 10: 99.4%Top 20: 100.0%

BABA35.0%

JD18.6%

N1UA11.3%

INTC8.7%

SLB8.3%

SABR6.0%

HAL4.1%

W3U3.4%

CCU2.3%

TAL1.6%

Others (2)0.6%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Consumer Cyclical59.6%

Consumer Defensive15.2%

Energy12.4%

Technology8.7%

Consumer Discretionary3.4%

Other0.6%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 12Median: 5.04%Avg: 8.33%

0–0.5%

1(0.1%)

0.5–1%

1(0.5%)

1–3%

2(3.9%)

3–5%

2(7.5%)

5%+

6(88.0%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 12Unique: 0vs 20 funds

0.2%Low

Fund positions

7,299

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

BlackRock, Inc.

0.3%

MORGAN STANLEY

0.2%

STATE STREET CORP

0.3%

BANK OF AMERICA CORP /DE/

0.2%

FMR LLC

0.3%

JPMORGAN CHASE & CO

0.2%

GEODE CAPITAL MANAGEMENT, LLC

0.2%

VANGUARD CAPITAL MANAGEMENT LLC

0.2%

VANGUARD PORTFOLIO MANAGEMENT LLC

0.2%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New0Increased1Decreased9Exited1

Increased

SABR6.0%

+570K(+1%)

Decreased

W3U3.4%

-2,133,333(-37%)

BABA35.0%

-338,166(-11%)

CCU2.3%

-260,710(-12%)

JD18.6%

-253,010(-4%)

SLB8.3%

-217,785(-12%)

INTC8.7%

-119,600(-6%)

HAL4.1%

-98,324(-9%)

TEO0.5%

-73,615(-15%)

N1UA11.3%

-69,607(-4%)

Exited

KOF

-68,597

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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