Kora Management LP

CIK 1659815 · View on SEC EDGAR ↗

Portfolio value
$843.0M
#2,744 of 9,443 by 13F value · top 29.1%
Positions
10
As of
June 30, 2026

Portfolio value QoQ: +20.2% 13F does not disclose cash

Top 10 holdings weight
100.00%
Top 25 holdings weight
100.00%
Positions above 1%
10
Effective number of positions
4.2

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q2 2026: 10.55% Est. buys $81,502,523 · sells $162,719,364

Median holding: 6.5 quarters Tracked Q4 2024–Q2 2026 · 83.3% still held

New positions
1
Increased
3
Decreased
1
Closed
2
On this page

Performance vs S&P 500

Tracked Q4 2024–Q2 2026
+46.8%
S&P 500 total return (same window)
+28.1%
Excess return
+18.8%

Annualized: +29.3% · S&P 500: +18.0%

Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.

Priceable coverage: 100.0% · Options excluded: 2.5%

Sector breakdown

Retail
54.3%
Technology
23.9%
Financials
15.4%
Communication Services
3.9%
Financial Services
2.5%

Full portfolio 10 positions

Type Streak 8Q trend
SE Sea Limited American Depositary Shares, each representing one Class A Ordinary Share $363,465,174 43.12% 3,792,812 $68,405,029 Up ×3
NBIS Nebius Group N.V. - Class A Ordinary Shares $128,865,341 15.29% 466,616 $19,313,873 Down ×1
NU Nu Holdings Ltd. Class A Ordinary Shares $97,060,400 11.51% 7,265,000 $-7,337,650
U Unity Software Inc. Common Stock $72,356,758 8.58% 2,531,727 $37,379,418 Up ×2
PDD PDD Holdings Inc. - American Depositary Shares $37,426,782 4.44% 490,650 $-12,707,835
MELI MercadoLibre, Inc. - Common Stock $36,081,419 4.28% 21,257 $-672,359
RBLX Roblox Corporation Class A Common Stock $33,171,800 3.94% 610,000 $11,113,400 Up ×2
GGAL Grupo Financiero Galicia S.A. - American Depositary Shares, Class B Shares underlying $32,886,370 3.90% 657,333 $2,182,346
KSPI Joint Stock Company Kaspi.kz - American Depository Shares $20,923,560 2.48% 241,500 $3,035,655
BABA Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share $20,731,680 2.46% 216,000

Conviction holdings

Positions increased for 3+ consecutive quarters.

Share counts are as reported in 13F filings (not split-adjusted)

Security Value % of portfolio Streak
SE $363,465,174 43.12% up ×3

Biggest new bets

New positions opened this quarter, largest first.

Security Value Shares % of portfolio
BABA $20,731,680 216,000 2.46%

Top movers (QoQ)

Security Action Shares Δ Value Δ
SE Bought more +230K +$68.4M
U Bought more +938K +$37.4M
NBIS Trimmed -589K +$19.3M
PDD Price move only +0 -$12.7M
RBLX Bought more +220K +$11.1M
NU Price move only +0 -$7.3M
KSPI Price move only +0 +$3.0M
GGAL Price move only +0 +$2.2M
MELI Price move only +0 -$672K

Exited positions

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

SecurityQuarter Shares before Value before Price since exit
BABA June 30, 2025 300,000 $39,669,000 10.5%
GRAB March 31, 2025 4,953,000 $23,378,160 -22.0%
MELI June 30, 2025 9,500 $18,533,265 -26.6%