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Discerene Group Portfolio holdings
AUM
$946M
1-Year Est. Return
1.38%
This Fund
S&P 500
This Quarter
Est. Return
+4.32%
1 Year Est. Return
+1.38%
3 Year Est. Return
+70.27%
5 Year Est. Return
+64.64%
10 Year Est. Return
–
AUM
$775M
AUM Growth
-$34.3M
(-4.2%)
Cap. Flow
-$44.8M
Cap. Flow
% of AUM
-5.77%
Top 10 Holdings %
Top 10 Hldgs %
99.16%
Holding
15
New
1
Increased
3
Reduced
1
Closed
1
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
RB Global
RBA
|
+$129M |
| 2 |
Sabre
SABR
|
+$35.8M |
| 3 |
Alibaba
BABA
|
+$19.3M |
| 4 |
Western Union
WU
|
+$6.27M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
IAA
IAA, Inc. Common Stock
IAA
|
+$191M |
| 2 |
SLB Ltd
SLB
|
+$44M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 27.62% |
| 2 | Consumer Staples | 16.85% |
| 3 | Technology | 15.84% |
| 4 | Industrials | 15.84% |
| 5 | Energy | 14.2% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Alibaba
BABA
$276B
| $214M | 27.62% |
2,096,138
+192,400
| +10% | +$19.3M |
|
|
2
RB Global
RBA
$20.8B
| $123M | 15.84% |
+2,181,297
| New | +$129M |
|
|
3
SLB Ltd
SLB
$70.3B
| $110M | 14.14% |
2,233,317
-828,236
| -27% | -$44M |
|
4
Uber
UBER
$147B
| $87.7M | 11.31% |
2,766,029
| – | – |
|
|
5
Western Union
WU
$2.77B
| $68.7M | 8.86% |
6,162,835
+481,499
| +8% | +$6.27M |
|
6
New Oriental
EDU
$7.82B
| $51M | 6.58% |
1,320,766
| – | – |
|
7
Compañía de Cervecerías Unidas
CCU
$2.07B
| $40.3M | 5.2% |
2,580,648
| – | – |
|
|
8
Sabre
SABR
$684M
| $35.1M | 4.53% |
8,193,359
+6,259,064
| +324% | +$35.8M |
|
9
TAL Education Group
TAL
$5.68B
| $33.8M | 4.36% |
5,277,992
| – | – |
|
10
Coca-Cola Femsa
KOF
$21.7B
| $5.52M | 0.71% |
68,607
| – | – |
|
11
Telecom Argentina
TEO
$5.65B
| $3.33M | 0.43% |
667,890
| – | – |
|
12
Turkcell
TKC
$4.98B
| $2.77M | 0.36% |
643,069
| – | – |
|
13
Halliburton
HAL
$29.4B
| $431K | 0.06% |
13,607
| – | – |
|
|
VST.WS.A
14
DELISTED
Vistra Corp.Warrants to purchase Common Stock (Expiring February 2, 2024)
VST.WS.A
| $6.53K | ﹤0.01% |
62,325
| – | – |
|
|
IAA
15
DELISTED
IAA, Inc. Common Stock
IAA
| – | – |
-4,768,748
| Closed | -$191M |
|
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Discerene Group's Q1 2023 Portfolio in Review
As of Q1 2023, Discerene Group held 15 positions worth $775M, down 4.2% from $810M the previous quarter. Its ten largest holdings account for 99% of the portfolio.
Discerene Group withdrew a net $44.8M in Q1 2023, closing 1 position and reducing 1 holding. Its most notable exit was IAA, Inc. Common Stock, an estimated $191M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 28% of assets, down from 44% a quarter earlier, followed by Consumer Staples and Technology.
Against the trend, Discerene Group opened a new position in RB Global worth $123M.
- Discerene Group's largest Q1 2023 buy was RB Global: 2,181,297 shares worth $123M.
- Discerene Group added most to Sabre in Q1 2023, an estimated $35.8M increase.
- Discerene Group's biggest Q1 2023 reduction was SLB Ltd, cutting an estimated $44M.
- Discerene Group fully exited IAA, Inc. Common Stock in Q1 2023, selling an estimated $191M.
- Discerene Group's ten largest holdings make up 99% of its $775M portfolio in Q1 2023.
- Discerene Group opened 1 new position and closed 1 in Q1 2023.
- Discerene Group's portfolio value fell 4.2% quarter-over-quarter to $775M.
Based on Discerene Group's 13F filing for Q1 2023, filed 10 May 2023.