KM
Kora Management LP 13F Holdings (Q2 2026) — Stock Portfolio & Buys
Kora Management LPCIK: 0001659815
Sector-focusedMomentum followerConcentrated strategy
Total reported value
$843.0M
Reporting period: 2026-06-30 · Number of holdings: 10
Kora Management LP disclosed 10 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $843.0M and a quarterly turnover rate of 23.7%.
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Personality snowflake
- Concentration
- 95.2
- Portfolio Stability
- 23.68
- Momentum
- 100
- Sector conviction
- 100
- Diversification
- 20
- Sizing Uniformity
- 87.62
Kora Management LP's disclosed holdings carry a Herfindahl concentration index of 0.238 — mathematically equivalent to about 4 equally-sized positions, well below its 10 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 1.24), with a handful of outsized bets alongside many smaller positions.
Recent activity leans toward adding more aggressively to already-large existing positions than to newly initiated ones (a 14.3 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd U
+58.8% $37.4M
Trim NU
0.0% -$7.3M
Trim PDD
0.0% -$12.7M
New buy BABA
Add SE
+6.4% $68.4M
Trim MELI
0.0% -$672.4K
Holdings Map
New buyAddUnchangedTrim
💡
Data Source Notice: AlphaSMO is the web's most authoritative 13F / Inside Trader database. Institutional holdings and insider trades presented here are precisely computed to deliver accurate portfolio reporting.
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 | 43.12% | +1.06% | +6.45% | |
| 2 | NBIS | Nebius Group N.V. | Stock-Other | 15.29% | -0.33% | -55.81% | |
| 3 | NU | Nu Holdings Ltd. | Stock-Financials | 11.51% | -3.37% | — | |
| 4 | U | Unity Software Inc | Stock-Tech | 8.58% | +3.59% | +58.81% | |
| 5 | PDD | Pdd Holdings Inc | Stock-Consumer Disc | 4.44% | -2.71% | — | |
| 6 | MELI | Mercadolibre Inc | Stock-Consumer Disc | 4.28% | -0.96% | — | |
| 7 | RBLX | Roblox CORP -class A | Stock-Comm Services | 3.94% | +0.80% | +56.41% | |
| 8 | GGAL | Grupo Financiero Galicia-adr | Stock-Other | 3.90% | -0.48% | — | |
| 9 | KSPI | Jsc Kaspi.kz Adr | Stock-Other | 2.48% | -0.07% | — | |
| 10 | BABA | Alibaba Group Holding-sp Adr | Stock-Consumer Disc | 2.46% | +2.46% | NEW |
Portfolio Performance
Performance for Q3 2026
+12.8%
Performance Last 4 Quarters
-15.3%
- Stdev
- +29.4%
- Beta
- +0.89
- Alpha
- +22.7%
- Max Drawdown
- -41.1%
- Annualized Perf
- +43.2%
- Batting Avg vs S&P
- +58.3%
- Sortino
- +2.87
- Stutzer
- +0.41
- Treynor
- +0.45
- Sterling
- +1.55
- Calmar
- +1.05
- Information Ratio
- +0.76
- Tracking Error
- +27.1%
- Stdev Down
- +14.1%
- Winning Months %
- +63.9%
- Losing Months %
- +36.1%
- Best 12 Months
- +111.3%
- Worst 12 Months
- -15.3%
- Efficiency Ratio
- +0.71
- Sharpe
- +1.38
- Stdev Sectors
- +20.3%
- Skewness
- -0.02
- Kurtosis
- -0.93
- Upside Potential
- +4.66
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 10 | $843.0M | 24 | ||
| 2026 Q1 | 9 | $701.5M | 30 | ||
| 2025 Q4 | 9 | $750.7M | 36 | ||
| 2025 Q3 | 7 | $941.8M | 29 | ||
| 2025 Q2 | 6 | $813.7M | 0 | ||
| 2025 Q1 | 8 | $764.4M | 100 | ||
| 2024 Q4 | 8 | $861.0M | 0 | ||
| 2024 Q3 | 8 | $836.4M | 0 | ||
| 2024 Q2 | 7 | $727.5M | 0 | ||
| 2024 Q1 | 6 | $482.9M | 0 | ||
| 2023 Q4 | 6 | $406.0M | 0 | ||
| 2023 Q3 | 6 | $387.1M | 0 | ||
| 2023 Q2 | 5 | $371.6M | 0 | ||
| 2023 Q1 | 4 | $435.2M | 0 | ||
| 2022 Q4 | 4 | $314.7M | 0 | ||
| 2022 Q3 | 4 | $334.3M | 0 | ||
| 2022 Q2 | 3 | $302.9M | 0 | ||
| 2022 Q1 | 2 | $445.9M | 0 | ||
| 2021 Q4 | 2 | $858.4M | 0 | ||
| 2021 Q3 | 2 | $1.1B | 0 | ||
| 2021 Q2 | 2 | $1.0B | 33 | ||
| 2021 Q1 | 3 | $979.3M | 8 | ||
| 2020 Q4 | 3 | $990.4M | 35 | ||
| 2020 Q3 | 6 | $854.2M | 31 | ||
| 2020 Q2 | 7 | $688.5M | 64 | ||
| 2020 Q1 | 7 | $442.0M | 29 | ||
| 2019 Q4 | 8 | $468.0M | 22 | ||
| 2019 Q3 | 8 | $376.8M | 22 | ||
| 2019 Q2 | 7 | $337.0M | 49 | ||
| 2019 Q1 | 7 | $226.9M | 43 | ||
| 2018 Q4 | 7 | $157.0M | 31 | ||
| 2018 Q3 | 7 | $196.0M | 28 | ||
| 2018 Q2 | 7 | $217.9M | 42 | ||
| 2018 Q1 | 7 | $226.7M | 39 | ||
| 2017 Q4 | 5 | $157.3M | 32 | ||
| 2017 Q3 | 9 | $172.1M | 31 | ||
| 2017 Q2 | 10 | $156.5M | 40 | ||
| 2017 Q1 | 12 | $168.6M | 39 | ||
| 2016 Q4 | 11 | $134.0M | 44 | ||
| 2016 Q3 | 10 | $178.8M | 56 | ||
| 2016 Q2 | 7 | $127.8M | 53 | ||
| 2016 Q1 | 6 | $150.8M | 58 | ||
| 2015 Q4 | 5 | $151.8M | 0 |
Holding changes this quarter
Kora Management LP's most significant position changes for 2026-06-30: New buy: Alibaba Group Holding-sp Adr (BABA); Add: Unity Software Inc (U) — shares +58.81%; Add: Sea Ltd-adr (SE) — shares +6.45%; Add: Roblox CORP -class A (RBLX) — shares +56.41%; Trim: Nebius Group N.V. (NBIS) — shares -55.81%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | U | Unity Software Inc | +3.6% | +58.81% | Add |
| 2 | BABA | Alibaba Group Holding-sp Adr | +2.5% | NEW | New buy |
| 3 | SE | Sea Ltd-adr | +1.1% | +6.45% | Add |
| 4 | RBLX | Roblox CORP -class A | +0.8% | +56.41% | Add |
| 5 | KSPI | Jsc Kaspi.kz Adr | -0.1% | — | Unchanged |
| 6 | NBIS | Nebius Group N.V. | -0.3% | -55.81% | Trim |
| 7 | GGAL | Grupo Financiero Galicia-adr | -0.5% | — | Unchanged |
| 8 | MELI | Mercadolibre Inc | -1% | — | Unchanged |
| 9 | PDD | Pdd Holdings Inc | -2.7% | — | Unchanged |
| 10 | NU | Nu Holdings Ltd. | -3.4% | — | Unchanged |
Filing History
FAQ
What is Kora Management LP and what type of investor is it?
Kora Management LP is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $843.0M, spread across 10 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) — $363.5M (43.1%)
2. Nebius Group N.V. (NBIS) — $128.9M (15.3%)
3. Nu Holdings Ltd. (NU) — $97.1M (11.5%)
4. Unity Software Inc (U) — $72.4M (8.6%)
5. Pdd Holdings Inc (PDD) — $37.4M (4.4%)
What changes did Kora Management LP make in its most recent portfolio filing?
In the latest reported quarter, Kora Management LP made 5 notable position adjustments: 1 new positions were initiated, 3 existing holdings were added to, 1 positions were partially reduced, and 0 were completely exited. The largest of these moves: New buy: Alibaba Group Holding-sp Adr (BABA); Add: Unity Software Inc (U) — shares +58.81%; Add: Sea Ltd-adr (SE) — shares +6.45%; Add: Roblox CORP -class A (RBLX) — shares +56.41%; Trim: Nebius Group N.V. (NBIS) — shares -55.81%
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: 60.1%
• Financials: 14.7%
• Consumer Discretionary: 14.3%
• Information Technology: 11.0%
Investment Profile
Kora Management LP returned an annualized 43.2% over the trailing 36 months — outperforming the S&P 500 by 22.7 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.89 (less volatile than the market) and a 58% quarterly batting average against the index.
Its portfolio is concentrated and moderately active, with 60.1% of the portfolio concentrated in Communication Services.
Its turnover score has risen from 0 to 24 over the past 4 quarters — a shift toward more active trading.
It has added to its U position over the past two quarters (+$71.1M, now $72.4M), while trimming NU over the same stretch (-$24.6M, still holding $97.1M).
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Developer Access
Access Kora Management LP's institutional profile programmatically:
REST API
curl https://alphasmo.com/api/v1/institutions/kora-management-lpCLI
npx alphasmo institutions get kora-management-lp