Factorial Partners, LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 10, 2025), Factorial Partners, LLC reported 66 stock positions worth $145.3 million. Its top holding was United Rentals (URI) at 6.1% of the portfolio, followed by Federated Hermes (FHI, 5.7%) and Teva Pharmaceutical-SP ADR (TEVA, 4.8%). Compared with Q2 2025, it opened 7 new positions, sold out of 4, added to 5 and reduced 26. The biggest buy was Vanguard S/T Corp. Bond ETF (VCSH, shares +1669%) and the biggest sale an exit from WK Kellogg (KLG).

Most Recent 13F
Q2 2026
Location
MT. KISCO, NY
CIK
0001732687
Portfolio Value
$145.3M (Q3 2025)
SEC Filing
0001214659-25-016123 ↗ filed Nov 10, 2025

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q1 2024: $175.9M Q1 2024 Q2 2024: $162.5M Q2 2024 Q3 2024: $173.8M Q3 2024 Q4 2024: $174.1M Q4 2024 Q1 2025: $162.2M Q1 2025 Q2 2025: $138.0M Q2 2025 Q3 2025: $145.3M $145.3M Q3 2025 Q4 2025: $151.4M Q4 2025 Q1 2026: $137.8M Q1 2026 Q2 2026: $341K Q2 2026

Holdings 66 stocks · $145.3M
URI United Rentals Inc. 6.10% 9,290 $8.9M Reduce -5.2%
FHI Federated Hermes Inc. 5.69% 159,239 $8.3M No change
TEVA Teva Pharmaceutical-SP ADR 4.80% 345,000 $7.0M No change
SYF Synchrony Financial 4.65% 95,000 $6.7M Reduce -5.0%
SEB Seaboard Corp. 4.57% 1,821 $6.6M Reduce -1.1%
AL Sumisho Air Lease Corp. filed as AIR LEASE CORP 3.99% 91,000 $5.8M No change
GNW Genworth Financial Inc. 3.60% 588,000 $5.2M Reduce -0.8%
TNL Travel + Leisure Co. 3.58% 87,500 $5.2M No change
VCSH Vanguard S/T Corp. Bond ETF 3.50% 63,700 $5.1M Add +1669.4%
CHRD Chord Energy Corp. 3.40% 49,700 $4.9M Add +5.7%
VTI VG Morningstar TS MKT ETF-US 2.67% 11,800 $3.9M Add +963.1%
CFG Citizens Financial Group 2.63% 72,000 $3.8M Reduce -10.0%
CI The Cigna Group 2.44% 12,300 $3.5M Reduce -2.4%
SOLV Solventum Corp. 2.11% 42,000 $3.1M Reduce -22.2%
TPH Tri Pointe Homes Inc. 2.08% 89,000 $3.0M No change
WEX Wex Inc. 2.05% 18,900 $3.0M Reduce -10.0%
AAPL Apple Inc. 2.03% 11,600 $3.0M No change
MGM MGM Resorts International 2.03% 85,000 $2.9M Reduce -25.8%
GPN Global Payments Inc. 2.00% 35,000 $2.9M Reduce -14.6%
SPGI S&P Global Inc. 1.84% 5,500 $2.7M No change
VTRS Viatris Inc. 1.81% 265,000 $2.6M Add +10.9%
IJJ iShares S&P Mid-Cap 400 Valu 1.69% 18,900 $2.5M No change
IJH iShares Core S&P Midcap ETF 1.66% 37,000 $2.4M New
CSX CSX Corp. 1.59% 65,000 $2.3M Reduce -3.0%
DIN Dine Brands Global Inc. 1.52% 89,316 $2.2M Add +32.7%
TMHC Taylor Morrison Home Corp. 1.48% 32,500 $2.1M No change
GPI Group 1 Automotive Inc. 1.47% 4,890 $2.1M Reduce -2.0%
NOMD Nomad Foods Ltd. 1.46% 161,100 $2.1M Reduce -14.3%
STRT Strattec Security Corp. 1.39% 29,746 $2.0M Reduce -1.3%
IMKTA Ingles Markets Inc. Class A 1.36% 28,496 $2.0M No change
BFH Bread Financial Holdings Inc. 1.34% 35,000 $2.0M No change
M Macy's Inc. 1.18% 96,000 $1.7M No change
AXP American Express Co. 1.17% 5,100 $1.7M No change
ACI Albertsons Cos Inc. Class A 1.14% 95,000 $1.7M No change
CNC Centene Corp. 1.13% 46,000 $1.6M Reduce -33.3%
CNNE Cannae Holdings Inc. 0.81% 64,477 $1.2M Reduce -50.1%
AN Autonation Inc. 0.81% 5,350 $1.2M No change
PPLI People Inc. filed as IAC INC 0.80% 34,000 $1.2M New
NSC Norfolk Southern Corp. 0.68% 3,270 $982K Reduce -10.9%
ABG Asbury Automotive Group 0.67% 4,000 $978K Reduce -4.8%
SITC Site Centers Corp. filed as SITE CTRS CORP 0.64% 104,000 $937K No change
OSUR Orasure Technologies Inc. 0.62% 279,592 $897K Reduce -3.5%
NVT Nvent Electric PLC 0.61% 9,000 $888K No change
ALSN Allison Transmission Holding 0.54% 9,300 $789K No change
HUM Humana Inc. 0.54% 3,000 $781K New
CPAY Corpay Inc. 0.54% 2,700 $778K Reduce -32.5%
CCS Century Communities Inc. 0.45% 10,371 $657K No change
COF Capital One Financial Corp. 0.43% 2,955 $628K No change
UNH Unitedhealth Group Inc. 0.43% 1,800 $622K New
IVOV Vanguard S&P Mid-Cap 400 Val 0.36% 5,200 $524K No change
CBRL Cracker Barrel Old Country 0.35% 11,700 $516K No change
GIFI Gulf Island Fabrication Inc. 0.35% 72,634 $510K Reduce -62.3%
KHC The Kraft Heinz Co. 0.35% 19,500 $508K New
RDN Radian Group Inc. 0.35% 14,000 $507K Reduce -45.1%
PGR Progressive Corp. 0.34% 2,000 $494K No change
RSP Invesco S&P 500 Equal Weight 0.30% 2,300 $436K No change
CNDT Conduent Inc. 0.29% 151,411 $424K Reduce -80.4%
CVS CVS Health Corp. 0.26% 5,000 $377K New
LGIH Lgi Homes Inc. 0.24% 6,800 $352K No change
LAD Lithia Motors Inc. 0.23% 1,080 $341K No change
AZO AutoZone Inc. 0.21% 70 $300K No change
ANGO Angiodynamics Inc. 0.18% 24,000 $268K Reduce -44.2%
ACT Enact Holdings Inc. 0.17% 6,500 $249K New
BRID Bridgford Foods Corp. 0.14% 25,017 $199K No change
BLMN Bloomin' Brands Inc. 0.08% 16,206 $116K Reduce -62.3%
BGS B&G Foods Inc. 0.06% 21,099 $93K Reduce -53.2%

Portfolio Sells Q2 2025 → Q3 2025
KLG WK Kellogg Co. Sold out 0.00% −2.17
CNC Centene Corp. Reduce -33.3% 1.13% −1.58
CMA Comerica Inc. Sold out 0.00% −1.24
CNDT Conduent Inc. Reduce -80.4% 0.29% −1.18
CNNE Cannae Holdings Inc. Reduce -50.1% 0.81% −1.14
NOMD Nomad Foods Ltd. Reduce -14.3% 1.46% −0.86
SOLV Solventum Corp. Reduce -22.2% 2.11% −0.86
MGM MGM Resorts International Reduce -25.8% 2.03% −0.83
CI The Cigna Group Reduce -2.4% 2.44% −0.58
GIFI Gulf Island Fabrication Inc. Reduce -62.3% 0.35% −0.58
CPAY Corpay Inc. Reduce -32.5% 0.54% −0.43
JACK Jack in the Box Inc. Sold out 0.00% −0.39
GPN Global Payments Inc. Reduce -14.6% 2.00% −0.38
OXY Occidental Petroleum Corp. Sold out 0.00% −0.34
RDN Radian Group Inc. Reduce -45.1% 0.35% −0.32
SYF Synchrony Financial Reduce -5.0% 4.65% −0.19
BLMN Bloomin' Brands Inc. Reduce -62.3% 0.08% −0.19
WEX Wex Inc. Reduce -10.0% 2.05% −0.19
ANGO Angiodynamics Inc. Reduce -44.2% 0.18% −0.12
GPI Group 1 Automotive Inc. Reduce -2.0% 1.47% −0.11
BGS B&G Foods Inc. Reduce -53.2% 0.06% −0.07
ABG Asbury Automotive Group Reduce -4.8% 0.67% −0.05
OSUR Orasure Technologies Inc. Reduce -3.5% 0.62% −0.01
NSC Norfolk Southern Corp. Reduce -10.9% 0.68% −0.00
CSX CSX Corp. Reduce -3.0% 1.59% +0.00
STRT Strattec Security Corp. Reduce -1.3% 1.39% +0.03
CFG Citizens Financial Group Reduce -10.0% 2.63% +0.04
GNW Genworth Financial Inc. Reduce -0.8% 3.60% +0.26
SEB Seaboard Corp. Reduce -1.1% 4.57% +0.75
URI United Rentals Inc. Reduce -5.2% 6.10% +0.75

Portfolio Buys Q2 2025 → Q3 2025
VCSH Vanguard S/T Corp. Bond ETF Add +1669.4% 3.50% +3.30
VTI VG Morningstar TS MKT ETF-US Add +963.1% 2.67% +2.42
IJH iShares Core S&P Midcap ETF New 1.66% +1.66
PPLI People Inc. New 0.80% +0.80
HUM Humana Inc. New 0.54% +0.54
UNH Unitedhealth Group Inc. New 0.43% +0.43
KHC The Kraft Heinz Co. New 0.35% +0.35
DIN Dine Brands Global Inc. Add +32.7% 1.52% +0.33
CVS CVS Health Corp. New 0.26% +0.26
VTRS Viatris Inc. Add +10.9% 1.81% +0.26
ACT Enact Holdings Inc. New 0.17% +0.17
CHRD Chord Energy Corp. Add +5.7% 3.40% +0.10

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 1$341KAXP
Q1 2026 60$137.8MFHI, IJH, TEVA, VBIL, CHRD
Q4 2025 63$151.4MTEVA, FHI, SYF, URI, TNL
Q3 2025 66$145.3MURI, FHI, TEVA, SYF, SEB
Q2 2025 63$138.0MURI, FHI, SYF, TEVA, AL
Q1 2025 66$162.2MFHI, URI, CHRD, SYF, SEB
Q4 2024 69$174.1MTEVA, URI, FHI, SYF, CHRD
Q3 2024 75$173.8MURI, FHI, TEVA, SEB, MTCH
Q2 2024 77$162.5MURI, C, KLG, FHI, CHRD
Q1 2024 82$175.9MURI, C, KLG, CHRD, NVT