KM
Kora Management LP 13F Holdings Overview (9 Positions)
Kora Management LPCIK: 0001659815
Sector-focusedMomentum followerConcentrated strategy
Total reported value
$701.5M
Reporting period: 2026-03-31 · Number of holdings: 9
Kora Management LP disclosed 9 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $701.5M and a quarterly turnover rate of 30.0%.
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Personality snowflake
- Concentration
- 94.93
- Portfolio Stability
- 30.04
- Momentum/Contrarian
- 100
- Sector conviction
- 100
- Diversification
- 18
- Sizing Uniformity
- 88.7
Kora Management LP's disclosed holdings carry a Herfindahl concentration index of 0.237 — mathematically equivalent to about 4 equally-sized positions, well below its 9 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 1.13), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
Recent activity leans toward adding more aggressively to already-large existing positions than to newly initiated ones (a 11.8 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Recent moves
Trim SE
+13.7% -$104.9M
Add NBIS
+23.8% $38.2M
Add U
+5547.9% $33.7M
Trim NU
0.0% -$17.2M
Add RBLX
+100.0% $6.3M
Add KSPI
+42.5% $4.6M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | SE | Sea Ltd-adr | Stock-Comm Services | 42.06% | -11.21% | +13.65% | |
| 2 | NBIS | Nebius Group NV | Stock-Other | 15.62% | +6.11% | +23.80% | |
| 3 | NU | Nu Holdings Ltd. | Stock-Financials | 14.88% | -1.32% | — | |
| 4 | PDD | Pdd Holdings INC | Stock-Consumer Disc | 7.15% | -0.26% | — | |
| 5 | MELI | Mercadolibre INC | Stock-Consumer Disc | 5.24% | -0.46% | — | |
| 6 | U | Unity Software INC | Stock-Tech | 4.99% | +4.82% | +5547.88% | |
| 7 | GGAL | Grupo Financiero Galicia-adr | Stock-Other | 4.38% | +0.51% | +22.11% | |
| 8 | RBLX | Roblox CORP -class A | Stock-Comm Services | 3.14% | +1.04% | +100.00% | |
| 9 | KSPI | Jsc Kaspi.kz Adr | Stock-Other | 2.55% | +0.79% | +42.48% |
Portfolio Performance
Performance for Q3 2026
+9.5%
Performance Last 4 Quarters
-27.6%
Based on 81% of reported portfolio value with available pricing
- Stdev
- +35.2%
- Beta
- +0.77
- Alpha
- +2.7%
- Max Drawdown
- -44.6%
- Annualized Perf
- +11.1%
- Batting Avg vs S&P
- +47.2%
- Sortino
- +0.71
- Stutzer
- +0.14
- Treynor
- +0.22
- Sterling
- +0.38
- Calmar
- +0.25
- Information Ratio
- -0.05
- Tracking Error
- +33.8%
- Stdev Down
- +23.9%
- Winning Months %
- +61.1%
- Losing Months %
- +38.9%
- Best 12 Months
- +111.8%
- Worst 12 Months
- -33.4%
- Efficiency Ratio
- +0.14
- Sharpe
- +0.48
- Stdev Sectors
- +19.8%
- Skewness
- -0.73
- Kurtosis
- +1.75
- Upside Potential
- +2.25
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 9 | $701.5M | 30 | |
| 2025-12-31 | 9 | $750.7M | 36 | |
| 2025-09-30 | 7 | $941.8M | 29 | |
| 2025-06-30 | 6 | $813.7M | 0 | |
| 2025-03-31 | 8 | $764.4M | 100 | |
| 2024-12-31 | 8 | $861.0M | 0 | |
| 2024-09-30 | 8 | $836.4M | 0 | |
| 2024-06-30 | 7 | $727.5M | 0 | |
| 2024-03-31 | 6 | $482.9M | 0 | |
| 2023-12-31 | 6 | $406.0M | 0 | |
| 2023-09-30 | 6 | $387.1M | 0 | |
| 2023-06-30 | 5 | $371.6M | 0 | |
| 2023-03-31 | 4 | $435.2M | 0 | |
| 2022-12-31 | 4 | $314.7M | 0 | |
| 2022-09-30 | 4 | $334.3M | 0 | |
| 2022-06-30 | 3 | $302.9M | 0 | |
| 2022-03-31 | 2 | $445.9M | 0 | |
| 2021-12-31 | 2 | $858.4M | 0 | |
| 2021-09-30 | 2 | $1.1B | 0 | |
| 2021-06-30 | 2 | $1.0B | 33 | |
| 2021-03-31 | 3 | $979.3M | 8 | |
| 2020-12-31 | 3 | $990.4M | 35 | |
| 2020-09-30 | 6 | $854.2M | 31 | |
| 2020-06-30 | 7 | $688.5M | 64 | |
| 2020-03-31 | 7 | $442.0M | 29 | |
| 2019-12-31 | 8 | $468.0M | 22 | |
| 2019-09-30 | 8 | $376.8M | 22 | |
| 2019-06-30 | 7 | $337.0M | 49 | |
| 2019-03-31 | 7 | $226.9M | 43 | |
| 2018-12-31 | 7 | $157.0M | 31 | |
| 2018-09-30 | 7 | $196.0M | 28 | |
| 2018-06-30 | 7 | $217.9M | 42 | |
| 2018-03-31 | 7 | $226.7M | 39 | |
| 2017-12-31 | 5 | $157.3M | 32 | |
| 2017-09-30 | 9 | $172.1M | 31 | |
| 2017-06-30 | 10 | $156.5M | 40 | |
| 2017-03-31 | 12 | $168.6M | 39 | |
| 2016-12-31 | 11 | $134.0M | 44 | |
| 2016-09-30 | 10 | $178.8M | 56 | |
| 2016-06-30 | 7 | $127.8M | 53 | |
| 2016-03-31 | 6 | $150.8M | 58 | |
| 2015-12-31 | 5 | $151.8M | 0 |
Holding changes this quarter
Kora Management LP's most significant position changes for 2026-03-31: Add: Sea Ltd-adr (SE) — shares +13.65%; Add: Nebius Group NV (NBIS) — shares +23.80%; Add: Unity Software INC (U) — shares +5547.88%; Add: Roblox CORP -class A (RBLX) — shares +100.00%; Add: Jsc Kaspi.kz Adr (KSPI) — shares +42.48%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | NBIS | Nebius Group NV | +6.1% | +23.80% | Add |
| 2 | U | Unity Software INC | +4.8% | +5547.88% | Add |
| 3 | RBLX | Roblox CORP -class A | +1% | +100.00% | Add |
| 4 | KSPI | Jsc Kaspi.kz Adr | +0.8% | +42.48% | Add |
| 5 | GGAL | Grupo Financiero Galicia-adr | +0.5% | +22.11% | Add |
| 6 | PDD | Pdd Holdings INC | -0.3% | — | Unchanged |
| 7 | MELI | Mercadolibre INC | -0.5% | — | Unchanged |
| 8 | NU | Nu Holdings Ltd. | -1.3% | — | Unchanged |
| 9 | SE | Sea Ltd-adr | -11.2% | +13.65% | Add |
Filing History
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-15 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-17 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-11-14 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-08-14 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-05-15 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-02-14 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-11-14 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-08-14 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-05-15 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-02-14 | 13F-HR | View on EDGAR |
| 2023-09-30 | 2023-11-14 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2023-08-14 | 13F-HR | View on EDGAR |
| 2023-03-31 | 2023-05-15 | 13F-HR | View on EDGAR |
| 2022-12-31 | 2023-02-14 | 13F-HR | View on EDGAR |
| 2022-09-30 | 2022-11-14 | 13F-HR | View on EDGAR |
| 2022-06-30 | 2022-08-15 | 13F-HR | View on EDGAR |
| 2022-03-31 | 2022-05-16 | 13F-HR | View on EDGAR |
| 2021-12-31 | 2022-02-14 | 13F-HR | View on EDGAR |
| 2021-09-30 | 2021-11-15 | 13F-HR | View on EDGAR |
| 2021-06-30 | 2021-08-16 | 13F-HR | View on EDGAR |
| 2021-03-31 | 2021-05-17 | 13F-HR | View on EDGAR |
| 2020-12-31 | 2021-02-16 | 13F-HR | View on EDGAR |
| 2020-09-30 | 2020-11-16 | 13F-HR | View on EDGAR |
| 2020-06-30 | 2020-08-14 | 13F-HR | View on EDGAR |
| 2020-03-31 | 2020-05-15 | 13F-HR | View on EDGAR |
| 2019-12-31 | 2020-02-14 | 13F-HR | View on EDGAR |
| 2019-09-30 | 2019-11-14 | 13F-HR | View on EDGAR |
| 2019-06-30 | 2019-08-14 | 13F-HR | View on EDGAR |
| 2019-03-31 | 2019-05-15 | 13F-HR | View on EDGAR |
| 2018-12-31 | 2019-02-14 | 13F-HR | View on EDGAR |
| 2018-09-30 | 2018-11-14 | 13F-HR | View on EDGAR |
| 2018-06-30 | 2018-08-14 | 13F-HR | View on EDGAR |
| 2018-03-31 | 2018-05-15 | 13F-HR | View on EDGAR |
| 2017-12-31 | 2018-02-14 | 13F-HR | View on EDGAR |
| 2017-09-30 | 2017-11-14 | 13F-HR | View on EDGAR |
| 2017-06-30 | 2017-08-14 | 13F-HR | View on EDGAR |
| 2017-03-31 | 2017-05-15 | 13F-HR | View on EDGAR |
| 2016-12-31 | 2017-02-14 | 13F-HR | View on EDGAR |
| 2016-09-30 | 2016-11-15 | 13F-HR | View on EDGAR |
| 2016-06-30 | 2016-08-15 | 13F-HR | View on EDGAR |
| 2016-03-31 | 2016-05-16 | 13F-HR | View on EDGAR |
| 2015-12-31 | 2016-02-16 | 13F-HR | View on EDGAR |
FAQ
What is Kora Management LP and what type of investor is it?
Kora Management LP is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $701.5M, spread across 9 disclosed positions.
What are Kora Management LP's largest equity positions?
Based on the latest 13F filing, Kora Management LP's top holdings by market value are:
1. Sea Ltd-adr (SE) — $295.1M (42.1%)
2. Nebius Group NV (NBIS) — $109.6M (15.6%)
3. Nu Holdings Ltd. (NU) — $104.4M (14.9%)
4. Pdd Holdings INC (PDD) — $50.1M (7.2%)
5. Mercadolibre INC (MELI) — $36.8M (5.2%)
What changes did Kora Management LP make in its most recent portfolio filing?
In the latest quarter, Kora Management LP was primarily adding exposure — initiating 0 new positions and adding to 6 existing holdings. The largest of these moves: Add: Sea Ltd-adr (SE) — shares +13.65%; Add: Nebius Group NV (NBIS) — shares +23.80%; Add: Unity Software INC (U) — shares +5547.88%; Add: Roblox CORP -class A (RBLX) — shares +100.00%; Add: Jsc Kaspi.kz Adr (KSPI) — shares +42.48%
What sectors does Kora Management LP focus on?
Kora Management LP is concentrated in the following sectors based on its current disclosed equity portfolio:
• Communication Services: 58.4%
• Financials: 19.2%
• Consumer Discretionary: 16.0%
• Information Technology: 6.4%
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