[SCHEDULE 13G] Sabre Corporation SEC Filing

Rhea-AI Filing Summary

Discerene Group LP, Discerene Holdings Inc. and founder Soo Chuen Tan have filed a Schedule 13G disclosing a 5.5 % passive stake in Sabre Corporation (SABR).

• The reporting persons collectively own 21,242,336 common shares, calculated against the issuer’s 387,806,562 shares outstanding as of 1 May 2025.
• All voting and dispositive authority is shared; none of the parties has sole power to vote or dispose.
• The filing is made under Rule 13d-1(b) by an investment adviser/parent holding company, signalling that the position is for investment purposes and not to influence control.
• Date of event triggering the filing: 30 Jun 2025; filing signed 29 Jul 2025.

No financial results, transactions or plans to alter Sabre’s strategy were disclosed.

Positive

• New 21.2 M-share position introduces a committed institutional investor, potentially supporting SABR’s share price.
• Filing under Schedule 13G indicates a non-activist stance, lowering the risk of disruptive governance battles.

Negative

• Passive classification means limited likelihood of strategic or operational catalysts from the new holder.

Insights

Portfolio Manager

TL;DR: Discerene’s 5.5 % passive stake adds a value-oriented institutional holder but offers limited immediate catalysts.

Crossing the 5 % threshold makes Discerene one of Sabre’s larger shareholders, demonstrating confidence in the company’s valuation amid travel industry recovery. Because the stake is reported on a Schedule 13G, Discerene represents itself as a passive investor, reducing the probability of near-term activist pressure on management. Still, a concentrated fund’s presence can provide downside support and potentially influence shareholder votes on governance matters. Liquidity impact is negligible, as all 21.2 M shares are held with shared, not sole, voting power. Overall, the news is moderately positive for sentiment but not transformative.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Sabre Corporation

(Name of Issuer)

Common Stock, $0.01 par value

(Title of Class of Securities)

78573M104

(CUSIP Number)

06/30/2025

(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)

SCHEDULE 13G

CUSIP No. 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 21,242,336.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 21,242,336.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

21,242,336.00

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)

5.5 %

12

Type of Reporting Person (See Instructions)

IA

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

SCHEDULE 13G

CUSIP No. 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 21,242,336.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 21,242,336.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

21,242,336.00

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)

5.5 %

12

Type of Reporting Person (See Instructions)

OO

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

SCHEDULE 13G

CUSIP No. 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 21,242,336.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 21,242,336.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

21,242,336.00

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)

5.5 %

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, TX 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 - 21,242,336* Discerene Holdings Inc. - 21,242,336* Soo Chuen Tan - 21,242,336* *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 10-Q filed on May 7, 2025 that there were 387,806,562 Shares outstanding as of May 1, 2025. 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 - 5.5% Discerene Holdings Inc. - 5.5% Soo Chuen Tan - 5.5%
(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 - 21,242,336* Discerene Holdings Inc. - 21,242,336* Soo Chuen Tan - 21,242,336*
	(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 - 21,242,336* Discerene Holdings Inc. - 21,242,336* Soo Chuen Tan - 21,242,336*
Item 5.	Ownership of 5 Percent or Less of a Class.
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 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:	07/29/2025

Discerene Holdings Inc.

Signature:	/s/ Soo Chuen Tan
Name/Title:	Soo Chuen Tan, President
Date:	07/29/2025

Soo Chuen Tan

Signature:	/s/ Soo Chuen Tan
Name/Title:	Soo Chuen Tan, Individually
Date:	07/29/2025

Exhibit Information

Exhibit I - JOINT FILING STATEMENT

FAQ

Who filed the Schedule 13G on Sabre (SABR)?

The filing was made by Discerene Group LP, Discerene Holdings Inc. and Soo Chuen Tan.

How many Sabre shares does Discerene own?

Discerene reports beneficial ownership of 21,242,336 common shares.

What percentage of Sabre’s outstanding shares is represented by this stake?

The position equals 5.5 % of Sabre’s common stock.

Is Discerene’s holding passive or activist?

The Schedule 13G filing classifies the stake as passive.

When did the stake exceed the 5 % threshold?

The trigger date was 30 June 2025.