Kora Management LP
Kora Management LP is a Brooklyn-based investment firm focused on identifying and investing in companies with dominant positions in large, growing end markets—particularly in emerging digital economies, internet, and niche financials. The firm emphasizes primary research, long-term partnership with management teams, and building relationships with high-integrity entrepreneurs. Kora looks for businesses with sustainable competitive advantages, strong free cash flow generation, and attractive returns on invested capital.
Investment Strategy
Kora concentrates its research and capital on large, growing profit pools, primarily in Emerging Internet and Niche Financials. The firm seeks companies with dominant market positions, proven management, and reasonable valuations, investing for the long term. Portfolio businesses are expected to generate significant free cash flow and have sustainable competitive advantages. The approach is highly selective, emphasizing quality over quantity, and risk is managed by underwriting long-term company fundamentals rather than short-term volatility.
Top Holdings
Equity Positions (5)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
S SE | SEA LTD | 67.61% | $550.1M | 3,439,588 | $32.25 | $159.94 | +$32.3M |
N NU | NU HLDGS LTD | 8.19% | $66.6M | 4,856,000 | $6.09 | $13.72 | +$26.7M |
R RBLX | ROBLOX CORP | 6.30% | $51.2M | 487,000 | $32.84 | $105.20 | +$13.8M |
P PDD | PDD HOLDINGS INC | 5.83% | $47.4M | 453,250 | $87.89 | $104.66 | -$6.2M |
U U | UNITY SOFTWARE INC | 1.76% | $14.3M | 591,500 | $19.59 | $24.20 | +$2.7M |