Discerene reports 9.9% stake in Sabre (39.1M shares)

Sabre Corporation reporting persons Discerene Group LP, Discerene Holdings Inc. and Soo Chuen Tan filed an Amendment No. 3 to a Schedule 13G/A reporting shared beneficial ownership of 39,093,531 shares of Sabre common stock, representing 9.9% of the class.

Rhea-AI Filing Summary

Sabre Corporation reporting persons Discerene Group LP, Discerene Holdings Inc. and Soo Chuen Tan filed an Amendment No. 3 to a Schedule 13G/A reporting shared beneficial ownership of 39,093,531 shares of Sabre common stock, representing 9.9% of the class. The percentage is calculated using March 2, 2026 outstanding share count of 395,173,142 shares disclosed in the issuer's proxy statement. The filing states the shares are held directly by private investment funds managed by the Adviser, with the Reporting Persons claiming shared voting and dispositive power and disclaiming beneficial ownership except for any pecuniary interest.

Insights

Institutional Ownership Analyst

Large passive stake reported: 39,093,531 shares (9.9% of class).

The filing shows that private funds managed by Discerene Group LP hold 39,093,531 shares, with shared voting and dispositive power allocated across the Adviser, General Partner, and President. The March 2, 2026 outstanding base of 395,173,142 shares is the denominator for the 9.9% figure.

Cash‑flow treatment and any plans to buy or sell are not disclosed in the excerpt; subsequent filings would show trading intent or Schedule 13D conversion if strategy changes. Monitor future Section 13 filings for directional trading or amendments.

Corporate Governance Specialist

Reporting structure and disclaimers emphasize manager/GP relationships.

The disclosure attributes shared voting and dispositive power to the Adviser, its General Partner, and Soo Chuen Tan as President, while each Reporting Person disclaims beneficial ownership except for any pecuniary interest. The joint filing statement is signed by Soo Chuen Tan on May 15, 2026.

This structure is typical for manager‑held fund positions; governance impacts depend on whether the holding is active or passive, which the excerpt does not state. Watch for additional amendments or a Schedule 13D that would indicate activist intent.

Key Figures

Reported shares beneficially owned: 39,093,531 shares Percent of class: 9.9% Shares outstanding used as denominator: 395,173,142 shares +2 more

5 metrics

Reported shares beneficially owned 39,093,531 shares reported by Discerene entities on Schedule 13G/A

Percent of class 9.9% calculated using outstanding shares as of <date>March 2, 2026</date>

Shares outstanding used as denominator 395,173,142 shares Issuer's Form DEF14A cited as of <date>March 2, 2026</date>

Shared voting power 39,093,531 shares shared voting power reported for the Adviser/GP/President

Filing signature date 05/15/2026 Amendment No. 3 signed by Soo Chuen Tan

Key Terms

shared dispositive power, disclaims beneficial ownership, Schedule 13G/A

3 terms

shared dispositive power regulatory

"By virtue of these relationships, the Reporting Persons may be deemed to have shared voting and dispositive power"

disclaims beneficial ownership regulatory

"Each of the Reporting Persons disclaims beneficial ownership of the Shares reported herein"

Schedule 13G/A regulatory

"filed an Amendment No. 3 to a Schedule 13G/A reporting shared beneficial ownership"

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

FAQ

What stake does Discerene Group report in Sabre (SABR)?

They report shared beneficial ownership of 39,093,531 shares, equal to 9.9% of the class, using the March 2, 2026 outstanding share count of 395,173,142 disclosed in the proxy.

Who are the Reporting Persons listed for SABR?

The filing lists Discerene Group LP, Discerene Holdings Inc. and Soo Chuen Tan as Reporting Persons, each attributed shared voting and dispositive power over the reported 39,093,531 shares.

Does the Schedule 13G/A state whether this is an active or passive stake?

The excerpt attributes shared voting/dispositive power to the Adviser and related entities but does not state whether the position is passive or reflects active intent; no trading plans are disclosed in the provided text.

What denominator was used to calculate the 9.9% figure?

The percentage is based on the issuer’s proxy statement figure of 395,173,142 shares outstanding as of March 2, 2026, as cited in the filing.

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Accepted by SEC EDGAR 05/15/2026 - 06:15 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 3)

Sabre Corporation

(Name of Issuer)

Common Stock, $0.01 par value

(Title of Class of Securities)

78573M104

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 78573M104

1

Names of Reporting Persons

Discerene Group LP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 39,093,531.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 39,093,531.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

39,093,531.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

9.9 %

12

Type of Reporting Person (See Instructions)

IA

Comment for Type of Reporting Person: Please see note in Item 4(a)

SCHEDULE 13G

CUSIP Number(s): 78573M104

1

Names of Reporting Persons

Discerene Holdings Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 39,093,531.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 39,093,531.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

39,093,531.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

9.9 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: Please see note in Item 4(a)

SCHEDULE 13G

CUSIP Number(s): 78573M104

1

Names of Reporting Persons

Soo Chuen Tan

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

MALAYSIA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 39,093,531.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 39,093,531.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

39,093,529.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

9.9 %

12

Type of Reporting Person (See Instructions)

HC, IN

Comment for Type of Reporting Person: Please see note in Item 4(a)

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Sabre Corporation
(b)	Address of issuer's principal executive offices: 3150 SABRE DRIVE SOUTHLAKE, Texas 76092
Item 2.
(a)	Name of person filing: Discerene Group LP* Discerene Holdings Inc.* Soo Chuen Tan*
(b)	Address or principal business office or, if none, residence: 2777 SUMMER STREET SUITE 301 STAMFORD, CONNECTICUT 06905
(c)	Citizenship: Discerene Group LP - Delaware Discerene Holdings Inc. - Delaware Soo Chuen Tan - Malaysia
(d)	Title of class of securities: Common Stock, $0.01 par value
(e)	CUSIP No.: 78573M104
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: Discerene Group LP - 39,093,531* Discerene Holdings Inc. - 39,093,531* Soo Chuen Tan - 39,093,531* *The Common Stock (the "Shares") of Sabre Corporation (the "Issuer") reported herein are directly held by private investment funds (the "Discerene Entities") for which Discerene Group LP serves as the investment manager (the "Adviser"). Discerene Holdings Inc. serves as the general partner of the Adviser (the "General Partner"). Soo Chuen Tan serves as the President of the General Partner of the Adviser (the "President," collectively with the Discerene Entities, Adviser, and General Partner, the "Reporting Persons"). By virtue of these relationships, the Reporting Persons may be deemed to have shared voting and dispositive power with respect to the Shares owned directly by the Discerene Entities. The percentage of class reported herein is based on a statement in the Issuer's Form DEF14A filed on March 19, 2026 that there were 395,173,142 Shares outstanding as of March 2, 2026. This report shall not be deemed an admission that the Reporting Persons are beneficial owners of the Shares for the purposes of Section 13 of the Securities Exchange Act of 1934, as amended, or for any other purpose. Each of the Reporting Persons disclaims beneficial ownership of the Shares reported herein except to the extent of such Reporting Person's pecuniary interest, if any, therein.
(b)	Percent of class: Discerene Group LP - 9.9%* Discerene Holdings Inc. - 9.9%* Soo Chuen Tan - 9.9%*
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: Discerene Group LP - 0 Discerene Holdings Inc. - 0 Soo Chuen Tan - 0
	(ii) Shared power to vote or to direct the vote: Discerene Group LP - 39,093,531* Discerene Holdings Inc. - 39,093,531* Soo Chuen Tan - 39,093,531*
	(iii) Sole power to dispose or to direct the disposition of: Discerene Group LP - 0 Discerene Holdings Inc. - 0 Soo Chuen Tan - 0
	(iv) Shared power to dispose or to direct the disposition of: Discerene Group LP - 39,093,531* Discerene Holdings Inc. - 39,093,531* Soo Chuen Tan - 39,093,531*
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Discerene Group LP

Signature:	/s/ Soo Chuen Tan
Name/Title:	Soo Chuen Tan, President of the General Partner, Discerene Holdings Inc.
Date:	05/15/2026

Discerene Holdings Inc.

Signature:	/s/ Soo Chuen Tan
Name/Title:	Soo Chuen Tan, President
Date:	05/15/2026

Soo Chuen Tan

Signature:	/s/ Soo Chuen Tan
Name/Title:	Soo Chuen Tan, Individually
Date:	05/15/2026

Exhibit Information

Exhibit I - JOINT FILING STATEMENT