FACT Capital, LP
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), FACT Capital, LP reported 17 stock positions worth $210.4 million. Its top holding was Icici Bank Ltd.-Spon ADR (IBN) at 9.6% of the portfolio, followed by Taiwan Semiconductor-SP ADR (TSM, 7.8%) and Microsoft (MSFT, 7.8%). Compared with Q1 2025, it opened 2 new positions, sold out of 4, added to 5 and reduced 7. The biggest buy was a new position in Uber Technologies (UBER) and the biggest sale an exit from Icon (ICLR).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001964400
- Portfolio Value
- $210.4M (Q2 2025)
- SEC Filing
- 0001420506-25-002143 ↗ filed Aug 14, 2025
Holdings Value
Holdings 17 stocks · $210.4M
| IBN Icici Bank Ltd.-Spon ADR | 9.60% | 600,227 | $20.2M | Reduce -5.6% |
| TSM Taiwan Semiconductor-SP ADR | 7.83% | 72,707 | $16.5M | Reduce -20.2% |
| MSFT Microsoft Corp. | 7.82% | 33,053 | $16.4M | Reduce -7.3% |
| GOOGL Alphabet Inc. Class A | 7.70% | 91,872 | $16.2M | Reduce -14.1% |
| ATAT Atour Lifestyle Holdings-ADR | 7.60% | 491,899 | $16.0M | Reduce -1.7% |
| TME Tencent Music Entertainm-ADR | 7.59% | 818,685 | $16.0M | Add +14.3% |
| BSX Boston Scientific Corp. | 7.35% | 143,972 | $15.5M | Reduce -9.4% |
| WWD Woodward Inc. | 6.66% | 57,123 | $14.0M | Add +8.5% |
| MYRG MYR Group Inc./Delaware | 6.37% | 73,790 | $13.4M | No change |
| ICE Intercontinental Exchange Inc. | 6.17% | 70,764 | $13.0M | No change |
| VIK Viking Holdings Ltd. | 5.19% | 204,944 | $10.9M | No change |
| SPOT Spotify Technology SA | 4.98% | 13,664 | $10.5M | Add +4.5% |
| SNPS Synopsys Inc. | 4.31% | 17,689 | $9.1M | Add +6.3% |
| BABA Alibaba Group Holding-SP ADR | 3.93% | 72,903 | $8.3M | Reduce -15.9% |
| MMYT Makemytrip Ltd. | 3.23% | 69,349 | $6.8M | Add +38.5% |
| UBER Uber Technologies Inc. | 2.79% | 62,876 | $5.9M | New |
| BJ Bj's Wholesale Club Holdings filed as BJS WHSL CLUB HLDGS INC | 0.89% | 17,387 | $1.9M | New |
Portfolio Sells Q1 2025 → Q2 2025
| ICLR Icon PLC | Sold out | 0.00% | −5.77 |
| ALC Alcon Inc. | Sold out | 0.00% | −4.60 |
| PDD PDD Holdings Inc. | Sold out | 0.00% | −4.02 |
| HUBS HubSpot Inc. | Sold out | 0.00% | −2.69 |
| BABA Alibaba Group Holding-SP ADR | Reduce -15.9% | 3.93% | −1.51 |
| BSX Boston Scientific Corp. | Reduce -9.4% | 7.35% | −0.26 |
| GOOGL Alphabet Inc. Class A | Reduce -14.1% | 7.70% | −0.15 |
| IBN Icici Bank Ltd.-Spon ADR | Reduce -5.6% | 9.60% | +0.08 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -20.2% | 7.83% | +0.65 |
| ATAT Atour Lifestyle Holdings-ADR | Reduce -1.7% | 7.60% | +0.86 |
| MSFT Microsoft Corp. | Reduce -7.3% | 7.82% | +1.46 |
Portfolio Buys Q1 2025 → Q2 2025
| UBER Uber Technologies Inc. | New | 2.79% | +2.79 |
| TME Tencent Music Entertainm-ADR | Add +14.3% | 7.59% | +2.68 |
| WWD Woodward Inc. | Add +8.5% | 6.66% | +2.09 |
| SPOT Spotify Technology SA | Add +4.5% | 4.98% | +1.57 |
| SNPS Synopsys Inc. | Add +6.3% | 4.31% | +0.92 |
| MMYT Makemytrip Ltd. | Add +38.5% | 3.23% | +0.90 |
| BJ Bj's Wholesale Club Holdings | New | 0.89% | +0.89 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 17 | $178.0M | TSM, MYRG, ATI, GOOGL, WWD |
| Q1 2026 | 17 | $150.4M | TSM, GOOGL, MYRG, ATI, WWD |
| Q4 2025Amended | 18 | $178.8M | GOOGL, TSM, ATAT, IBN, WWD |
| Q3 2025 | 18 | $192.3M | GOOGL, TSM, IBN, TME, ATAT |
| Q2 2025 | 17 | $210.4M | IBN, TSM, MSFT, GOOGL, ATAT |
| Q1 2025 | 19 | $210.6M | IBN, GOOGL, BSX, TSM, ATAT |
| Q4 2024Amended | 20 | $229.2M | GOOG, IBN, TSM, MSFT, ICLR |
| Q3 2024 | 18 | $257.8M | IBN, ICLR, GOOG, TSM, PDD |
| Q2 2024 | 16 | $280.5M | IBN, ELF, GOOG, ICLR, TSM |
| Q1 2024 | 17 | $274.9M | GOOGL, IBN, ELF, MSFT, BSX |