1y return−0.7%S&P 500 +20.9%
3y return+147.3%S&P 500 +68.5%
5y return−35.2%S&P 500 +74.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2020: $143 against $242 in the S&P 500.2
Kora Management LPS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| SESea Ltd | $363.5M | 43.1% | +6.4% |
| Nebius Group N.v.CUSIP N97284108 | $128.9M | 15.3% | −55.8% |
| Nu Hldgs LtdCUSIP G6683N103 | $97.1M | 11.5% | |
| UUnity Software Inc | $72.4M | 8.6% | +58.8% |
| PDDPdd Holdings Inc | $37.4M | 4.4% | |
| MELIMercadolibre Inc | $36.1M | 4.3% | |
| RBLXRoblox Corp | $33.2M | 3.9% | +56.4% |
| GGALGrupo Financiero Galicia S.a | $32.9M | 3.9% | |
| KSPIKaspi Kz Jsc | $20.9M | 2.5% | |
| BABAAlibaba Group Hldg Ltd | $20.7M | 2.5% | New |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| Nebius Group N.v.CUSIP N97284108 | December 31, 2024 | +897.0% | $128.9M |
| Nu Hldgs LtdCUSIP G6683N103 | June 30, 2022 | +257.2% | $97.1M |
| RBLXRoblox Corp | September 30, 2023 | +87.8% | $33.2M |
| UUnity Software Inc | March 31, 2025 | +45.9% | $72.4M |
| PDDPdd Holdings Inc | September 30, 2022 | +21.9% | $37.4M |
| KSPIKaspi Kz Jsc | December 31, 2025 | +10.9% | $20.9M |
| GGALGrupo Financiero Galicia S.a | December 31, 2025 | −7.2% | $32.9M |
| SESea Ltd | June 30, 2020 | −10.6% | $363.5M |
| MELIMercadolibre Inc | September 30, 2025 | −27.4% | $36.1M |
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +31.7% | +14.8% |
| March 31, 2026 | −21.6% | −4.6% |
| December 31, 2025 | −22.8% | +2.4% |
| September 30, 2025 | +24.6% | +7.8% |
| June 30, 2025 | +30.3% | +10.5% |
| March 31, 2025 | +13.1% | −4.6% |
| December 31, 2024 | +3.2% | +2.1% |
| September 30, 2024 | +21.9% | +5.4% |
| June 30, 2024 | +20.0% | +4.0% |
| March 31, 2024 | +17.1% | +10.0% |
| December 31, 2023 | +13.2% | +11.2% |
| September 30, 2023 | −15.7% | −3.6% |
| June 30, 2023 | −17.5% | +8.3% |
| March 31, 2023 | +44.7% | +7.0% |
| December 31, 2022 | −2.6% | +7.1% |
| September 30, 2022 | −9.7% | −5.3% |
| June 30, 2022 | −43.6% | −16.5% |
| March 31, 2022 | −45.0% | −4.9% |
| December 31, 2021 | −30.5% | +10.7% |
| September 30, 2021 | +15.6% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Kora Management LP Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1659815&type=13F-HR&dateb=&owner=include&count=40CIK 1659815
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1659815/000090266426003508/Filed August 14, 2026 · accession 0000902664-26-003508