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DISCERENE GROUP LP

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STAMFORD CT Investment Advisor Hedge Fund
13F Summary

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Equal-WT
WhaleScore 2.0 ?

85

S&P 500
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Equal-WT
WhaleScore 1.0 ?

Discerene Group is based out of Stamford. Discerene Group is a hedge fund with 9 clients and discretionary assets under management (AUM) of $2,300,105,000 (Form ADV from 2025-03-26). Their last reported 13F filing for Q1 2025 included $1,002,269,211 in managed 13F securities and a top 10 holdings concentration of 99.37%. Discerene Group's largest holding is Alibaba Group Holding Ltd with shares held of 2,967,087. Whalewisdom has at least 18 13F filings, and 2 13G filings
Business Description
The Adviser's primary investment objective is to achieve long-term capital appreciation by investing Client assets in portfolios of global securities. Depending on the Client mandate, the Adviser employs either a long-short or long-only investment strategy using a bottom-up fundamental valuation approach. For Clients with long-short mandates, short selling is done if believed to be sufficiently compelling and in line with each Client’s investment guidelines and pursuant to such Client’s Offering Documents. Investments are made in the stocks of U.S. and non-U.S. issuers, including issuers in emerging markets. In addition to its core investment strategies, the Adviser may employ other investment strategies it deems appropriate, particularly through SP Funds, and may invest in and trade a variety of securities, instruments, and investments. The Adviser provides investment advisory services to the Clients based on each Client’s specific investment objective. The Adviser may allocate a Client’s brokerage business to brokers based on considerations such as commission amount, execution quality, reputation, experience, financial stability, service quality, familiarity with markets, research services, clearing capabilities, leverage availability, execution capabilities, and stock borrowing availability.
Investment Strategy
The Adviser aims for long-term capital appreciation by investing in global securities portfolios. They use either a long-short or long-only investment strategy, employing a bottom-up fundamental valuation approach based on the client's mandate. For clients with long-short mandates, short selling is used when deemed compelling and aligned with investment guidelines and offering documents. Investments are made in stocks of U.S. and non-U.S. issuers, including those in emerging markets. In addition to these core strategies, the Adviser may use other investment strategies, especially through SP Funds, and invest in various securities, instruments, and investments. The Adviser provides investment advisory services tailored to each client's specific investment objectives. However, returns are influenced by the direction of the broad equity market, and success depends on identifying compelling investment opportunities, which involves uncertainty.
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2025-03-31

Top Buys (13F)

Name % Change
EDU New Oriental Educati 7.54%

2025-03-31

Top Sells (13F)

Name % Change
TAL TAL Education Group 3.05%

2025-03-31

13F Holdings Summary

Name $ Change
BABA Alibaba Group Holdin 39.15%
JD JD.com Inc 22.79%
EDU New Oriental Educati 7.54%
WU Western Union Compan 7.05%
SLB Schlumberger Ltd 6.74%

2025-03-31

13F Activity

Market Value $1.00b, Prior: $0.77b
Inflows (Outflows) as % of Total MV +4.4611%
New Purchases 1 stocks
Added To 0 stocks
Sold out of 0 stocks
Reduced holdings in 1 stocks
Top 10 Holdings % 99.37%
Turnover %[1] 7.69%
Turnover Alt %[2] 2.33%
Time Held Top 20 13 quarters
Time Held Top 10 9.9 quarters
Time Held All 13 quarters

[1]: Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter.

[2]: Alt Turnover is calculated by taking either the total MV of new purchases or the MV of securities sold, whichever is less, divided by the total MV of the fund.

2025-03-31

13F Sector Allocation Over Time

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2025-03-31

Analysis

Top 20 equal-weighted holdings. Performance numbers calculated through 2025-03-31

Portfolio Performance