Kora Management L.P. 13F annual report

Kora Management L.P. is an investment fund managing more than $483 billion ran by Nate Asher. There are currently 6 companies in Mrs. Asher’s portfolio. The largest investments include Sea Ltd and Nu Hldgs Ltd, together worth $360 billion.

$483 billion Assets Under Management (AUM)

As of 8th May 2024, Kora Management L.P.’s top holding is 4,637,500 shares of Sea Ltd currently worth over $249 billion and making up 51.6% of the portfolio value. Relative to the number of outstanding shares of Sea Ltd, Kora Management L.P. owns more than approximately 0.1% of the company. In addition, the fund holds 9,327,000 shares of Nu Hldgs Ltd worth $111 billion. The third-largest holding is PDD Inc worth $57.6 billion and the next is Roblox worth $29.2 billion, with 765,000 shares owned.

Currently, Kora Management L.P.'s portfolio is worth at least $483 billion. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Kora Management L.P.

The Kora Management L.P. office and employees reside in Brooklyn, New York. According to the last 13-F report filed with the SEC, Nate Asher serves as the Chief Compliance Officer at Kora Management L.P..

Recent trades

In the most recent 13F filing, Kora Management L.P. revealed that it had opened a new position in MercadoLibre Inc and bought 14,700 shares worth $22.2 billion. This means they effectively own approximately 0.1% of the company. MercadoLibre Inc makes up 27.9% of the fund's Consumer Discretionary sector allocation and has grown its share price by 29.9% in the past year.

The investment fund also strengthened its position in Sea Ltd by buying 400,000 additional shares. This makes their stake in Sea Ltd total 4,637,500 shares worth $249 billion. Sea Ltd dropped 24.8% in the past year.

On the other hand, there are companies that Kora Management L.P. is getting rid of from its portfolio. Kora Management L.P. closed its position in Coupang on 15th May 2024. It sold the previously owned 1,569,000 shares for $25.4 billion. Nate Asher also disclosed a decreased stake in PDD Inc by 0.1%. This leaves the value of the investment at $57.6 billion and 495,250 shares.

One of the average hedge funds

The two most similar investment funds to Kora Management L.P. are Sugarloaf Wealth Management and Soa Wealth Advisors,. They manage $483 billion and $483 billion respectively.

Nate Asher investment strategy

Kora Management L.P.’s portfolio is diversified across 4 sectors. Currently, their heaviest sector is Communication Services — making up 57.6% of the total portfolio value. The fund focuses on investments in the Singapore as 16.7% of the portfolio companies are based in the Singapore.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 67% of the total holdings value. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. The average market cap of the portfolio companies is close to $42 billion.

The complete list of Kora Management L.P. trades based on 13F SEC filings

These positions were updated on May 15th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security	Shares Owned	Value	Allocation
Sea Ltd	9.44% 4,637,500	$249,080,125,000	51.58%
Nu Hldgs Ltd	No change 9,327,000	$111,271,110,000	23.04%
PDD Holdings Inc	11.84% 495,250	$57,572,813,000	11.92%
Roblox Corporation	77.49% 765,000	$29,207,700,000	6.05%
Coupang, Inc.	Closed 1,569,000	$25,402,110,000
MercadoLibre Inc	Opened 14,700	$22,225,812,000	4.60%
StoneCo Ltd	50.00% 814,200	$13,523,862,000	2.80%
No transactions found
Showing first 500 out of 7 holdings