Discerene Group LP Long-Term Concentrated

CIK: 0001632958 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 13, 2026

Total Value ($000): $1,056,274 (100.0% shares, 0.0% debt)

Holdings (13)

Increased Positions (2)

EDU NEW ORIENTAL ED & TECHNOLOGY 10.2%

Value ($000) $107,607 (+28.3%) Shares 1,955,430 (+23.7%) Est. Cost $49.19 Unrealized —

SABR SABRE CORP 5.0%

Value ($000) $52,392 (+0.2%) Shares 38,523,820 (+34.9%) Est. Cost $3.31 Unrealized -47.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
EDU	NEW ORIENTAL ED & TECHNOLOGY	1,955,430 (+23.7%)	$107,607 (+28.3%)	10.2%	$49.19	—	SPON ADR	647581206
SABR	SABRE CORP	38,523,820 (+34.9%)	$52,392 (+0.2%)	5.0%	$3.31	-47.9%	COM	78573M104

Decreased Positions (3)

WU WESTERN UN CO 5.1%

Value ($000) $54,052 (-23.2%) Shares 5,805,750 (-34.1%) Est. Cost $14.83 Unrealized —

CCU COMPANIA CERVECERIAS UNIDAS 2.6%

Value ($000) $27,221 (-8.6%) Shares 2,133,345 (-13.2%) Est. Cost $11.76 Unrealized —

HAL HALLIBURTON CO 2.9%

Value ($000) $30,867 (+0.5%) Shares 1,092,244 (-12.5%) Est. Cost $20.54 Unrealized +28.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
WU	WESTERN UN CO	5,805,750 (-34.1%)	$54,052 (-23.2%)	5.1%	$14.83	—	COM	959802109
CCU	COMPANIA CERVECERIAS UNIDAS	2,133,345 (-13.2%)	$27,221 (-8.6%)	2.6%	$11.76	—	SPONSORED ADR	204429104
HAL	HALLIBURTON CO	1,092,244 (-12.5%)	$30,867 (+0.5%)	2.9%	$20.54	+28.0%	COM	406216101

Unchanged Positions (8)

BABA ALIBABA GROUP HLDG LTD 41.4%

Value ($000) $436,932 Shares 2,980,844 Est. Cost $101.08 Unrealized —

JD JD.COM INC 16.9%

Value ($000) $178,251 Shares 6,210,851 Est. Cost $28.82 Unrealized —

SLB SLB LIMITED 6.4%

Value ($000) $67,368 Shares 1,755,290 Est. Cost $20.52 Unrealized +75.7%

INTC INTEL CORP 7.0%

Value ($000) $73,549 Shares 1,993,200 Est. Cost — Unrealized —

TEO TELECOM ARGENTINA SA 0.5%

Value ($000) $5,664 Shares 487,859 Est. Cost $6.56 Unrealized —

KOF COCA-COLA FEMSA SAB DE CV 0.6%

Value ($000) $6,497 Shares 68,597 Est. Cost $52.93 Unrealized —

TAL TAL EDUCATION GROUP 1.4%

Value ($000) $14,780 Shares 1,354,733 Est. Cost $3.95 Unrealized —

TKC TURKCELL ILETISIM HIZMETLERI 0.1%

Value ($000) $1,093 Shares 199,788 Est. Cost $5.39 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BABA	ALIBABA GROUP HLDG LTD	2,980,844	$436,932	41.4%	$101.08	—	SPONSORED ADS	01609W102
JD	JD.COM INC	6,210,851	$178,251	16.9%	$28.82	—	SPON ADS CL A	47215P106
SLB	SLB LIMITED	1,755,290	$67,368	6.4%	$20.52	+75.7%	COM STK	806857108
INTC	INTEL CORP	1,993,200	$73,549	7.0%	—	—	CALL	458140100
TEO	TELECOM ARGENTINA SA	487,859	$5,664	0.5%	$6.56	—	SPON ADR REP B	879273209
KOF	COCA-COLA FEMSA SAB DE CV	68,597	$6,497	0.6%	$52.93	—	SPONS ADS REP	191241108
TAL	TAL EDUCATION GROUP	1,354,733	$14,780	1.4%	$3.95	—	SPONSORED ADS	874080104
TKC	TURKCELL ILETISIM HIZMETLERI	199,788	$1,093	0.1%	$5.39	—	SPON ADR NEW	900111204