FACTORIAL MANAGEMENT Ltd

Name: FACTORIAL MANAGEMENT Ltd 13F holdings, Q4 2025
Creator: FACTORIAL MANAGEMENT Ltd
Published: 2026-01-26

Q2 2026Q1 2026Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 26, 2026), FACTORIAL MANAGEMENT Ltd reported 1 stock position worth $2.1 million. Its top holding was HDFC Bank Ltd.-ADR (HDB) at 100.0% of the portfolio. Its holdings were unchanged from Q3 2025.

Most Recent 13F: Q2 2026
Location: HONG KONG, K3
CIK: 0001697137
Portfolio Value: $2.1M (Q4 2025)
SEC Filing: 0001214659-26-000806 ↗ filed Jan 26, 2026

Holdings Value

Holdings 1 stocks · $2.1M


HDB HDFC Bank Ltd.-ADR	100.00%	56,260	$2.1M	No change

Other holdings (2): bonds, preferreds, convertibles and warrants · $2.8M (not counted above)

Security	Class	Shares / Principal	Value	Change
ALIBABA GROUP HOLDING (BABA 0.5 06/01/31)	NOTE 0.500% 6/0 · principal	1,000,000	$1.6M	No change
TRIP.COM GROUP LTD (TCOM 0.75 06/15/29)	NOTE 0.750% 6/1 · principal	1,000,000	$1.2M	No change

Total filed on the 13F, all lines: $4.8M.

Portfolio Sells Q3 2025 → Q4 2025


None this quarter.

Portfolio Buys Q3 2025 → Q4 2025


None this quarter.

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026	1	$1.5M	HDB
Q1 2026	1	$1.4M	HDB
Q4 2025	1	$2.1M	HDB
Q3 2025	1	$1.9M	HDB
Q2 2025	2	$2.2M	KWEB, CHA
Q1 2025	0	$0
Q4 2024	0	$0
Q3 2024	0	$0
Q2 2024	1	$14K	BABA
Q1 2024	0	$0