FACT Capital, LP

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), FACT Capital, LP reported 19 stock positions worth $210.6 million. Its top holding was Icici Bank Ltd.-Spon ADR (IBN) at 9.5% of the portfolio, followed by Alphabet Class A (GOOGL, 7.9%) and Boston Scientific (BSX, 7.6%). Compared with Q4 2024, it opened 2 new positions, sold out of 3, added to 4 and reduced 2. The biggest buy was a new position in Alphabet Class A (GOOGL) and the biggest sale an exit from Alphabet Class C (GOOG).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0001964400
Portfolio Value
$210.6M (Q1 2025)
SEC Filing
0001420506-25-001273 ↗ filed May 15, 2025

Holdings Value

0$100.0M$200.0M$300.0M Q1 2024: $274.9M Q1 2024 Q2 2024: $280.5M Q2 2024 Q3 2024: $257.8M Q3 2024 Q4 2024: $229.2M Q4 2024 Q1 2025: $210.6M $210.6M Q1 2025 Q2 2025: $210.4M Q2 2025 Q3 2025: $192.3M Q3 2025 Q4 2025: $178.8M Q4 2025 Q1 2026: $150.4M Q1 2026 Q2 2026: $178.0M Q2 2026

Holdings 19 stocks · $210.6M
IBN Icici Bank Ltd.-Spon ADR 9.51% 635,667 $20.0M No change
GOOGL Alphabet Inc. Class A 7.85% 106,919 $16.5M New
BSX Boston Scientific Corp. 7.61% 158,879 $16.0M No change
TSM Taiwan Semiconductor-SP ADR 7.18% 91,119 $15.1M No change
ATAT Atour Lifestyle Holdings-ADR 6.74% 500,440 $14.2M No change
MSFT Microsoft Corp. 6.36% 35,649 $13.4M No change
ICE Intercontinental Exchange Inc. 5.80% 70,764 $12.2M No change
ICLR Icon PLC 5.77% 69,421 $12.1M No change
BABA Alibaba Group Holding-SP ADR 5.44% 86,710 $11.5M New
TME Tencent Music Entertainm-ADR 4.90% 716,481 $10.3M Add +30.9%
ALC Alcon Inc. filed as ALCON AG 4.60% 101,968 $9.7M No change
WWD Woodward Inc. 4.56% 52,647 $9.6M No change
PDD PDD Holdings Inc. 4.02% 71,601 $8.5M Reduce -43.8%
MYRG MYR Group Inc./Delaware 3.96% 73,790 $8.3M Add +0.6%
VIK Viking Holdings Ltd. 3.87% 204,944 $8.1M Add +48.1%
SPOT Spotify Technology SA 3.41% 13,074 $7.2M No change
SNPS Synopsys Inc. 3.39% 16,641 $7.1M No change
HUBS HubSpot Inc. 2.69% 9,898 $5.7M Reduce -24.3%
MMYT Makemytrip Ltd. 2.33% 50,060 $4.9M Add +65.9%

Portfolio Sells Q4 2024 → Q1 2025
GOOG Alphabet Inc. Class C Sold out 0.00% −10.18
AMZN Amazon.com Inc. Sold out 0.00% −4.83
ELF Elf Beauty Inc. Sold out 0.00% −4.63
PDD PDD Holdings Inc. Reduce -43.8% 4.02% −1.36
HUBS HubSpot Inc. Reduce -24.3% 2.69% −1.29

Portfolio Buys Q4 2024 → Q1 2025
GOOGL Alphabet Inc. Class A New 7.85% +7.85
BABA Alibaba Group Holding-SP ADR New 5.44% +5.44
TME Tencent Music Entertainm-ADR Add +30.9% 4.90% +2.19
VIK Viking Holdings Ltd. Add +48.1% 3.87% +1.21
MMYT Makemytrip Ltd. Add +65.9% 2.33% +0.85
MYRG MYR Group Inc./Delaware Add +0.6% 3.96% −0.80

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 17$178.0MTSM, MYRG, ATI, GOOGL, WWD
Q1 2026 17$150.4MTSM, GOOGL, MYRG, ATI, WWD
Q4 2025Amended 18$178.8MGOOGL, TSM, ATAT, IBN, WWD
Q3 2025 18$192.3MGOOGL, TSM, IBN, TME, ATAT
Q2 2025 17$210.4MIBN, TSM, MSFT, GOOGL, ATAT
Q1 2025 19$210.6MIBN, GOOGL, BSX, TSM, ATAT
Q4 2024Amended 20$229.2MGOOG, IBN, TSM, MSFT, ICLR
Q3 2024 18$257.8MIBN, ICLR, GOOG, TSM, PDD
Q2 2024 16$280.5MIBN, ELF, GOOG, ICLR, TSM
Q1 2024 17$274.9MGOOGL, IBN, ELF, MSFT, BSX