Factorial Partners, LLC

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 10, 2026), Factorial Partners, LLC reported 63 stock positions worth $151.4 million. Its top holding was Teva Pharmaceutical-SP ADR (TEVA) at 6.0% of the portfolio, followed by Federated Hermes (FHI, 5.3%) and Synchrony Financial (SYF, 5.0%). Compared with Q3 2025, it opened 4 new positions, sold out of 7, added to 10 and reduced 18. The biggest buy was a new position in Vanguard 0-3M T-Bill ETF (VBIL) and the biggest sale Vanguard S/T Corp. Bond ETF (VCSH, shares −63%).

Most Recent 13F
Q2 2026
Location
MT. KISCO, NY
CIK
0001732687
Portfolio Value
$151.4M (Q4 2025)
SEC Filing
0001214659-26-001407 ↗ filed Feb 10, 2026

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 Q3 2025 Q4 2025: $151.4M $151.4M Q4 2025 Q1 2026: $137.8M Q1 2026 Q2 2026: $341K Q2 2026

Holdings 63 stocks · $151.4M
TEVA Teva Pharmaceutical-SP ADR 5.98% 290,000 $9.1M Reduce -15.9%
FHI Federated Hermes Inc. 5.27% 153,239 $8.0M Reduce -3.8%
SYF Synchrony Financial 4.96% 90,000 $7.5M Reduce -5.3%
URI United Rentals Inc. 4.54% 8,500 $6.9M Reduce -8.5%
TNL Travel + Leisure Co. 4.08% 87,500 $6.2M No change
VTI VG Morningstar TS MKT ETF-US 4.04% 18,250 $6.1M Add +54.7%
AL Sumisho Air Lease Corp. filed as AIR LEASE CORP 3.86% 91,000 $5.8M No change
SEB Seaboard Corp. 3.53% 1,204 $5.4M Reduce -33.9%
GNW Genworth Financial Inc. 3.51% 588,000 $5.3M No change
IJH iShares Core S&P Midcap ETF 3.11% 71,300 $4.7M Add +92.7%
CHRD Chord Energy Corp. 2.98% 48,700 $4.5M Reduce -2.0%
RSP Invesco S&P 500 Equal Weight 2.57% 20,300 $3.9M Add +782.6%
CFG Citizens Financial Group 2.55% 66,000 $3.9M Reduce -8.3%
VBIL Vanguard 0-3M T-Bill ETF 2.35% 47,100 $3.6M New
CI The Cigna Group 2.24% 12,300 $3.4M No change
VTRS Viatris Inc. 2.18% 265,000 $3.3M No change
AAPL Apple Inc. 2.08% 11,600 $3.2M No change
SPGI S&P Global Inc. 1.90% 5,500 $2.9M No change
TPH Tri Pointe Homes Inc. 1.85% 89,000 $2.8M No change
GPN Global Payments Inc. 1.84% 36,000 $2.8M Add +2.9%
WEX Wex Inc. 1.82% 18,500 $2.8M Reduce -2.1%
DIN Dine Brands Global Inc. 1.73% 81,416 $2.6M Reduce -8.8%
BFH Bread Financial Holdings Inc. 1.71% 35,000 $2.6M No change
MGM MGM Resorts International 1.71% 71,000 $2.6M Reduce -16.5%
SOLV Solventum Corp. 1.70% 32,500 $2.6M Reduce -22.6%
IJJ iShares S&P Mid-Cap 400 Valu 1.64% 18,900 $2.5M No change
CSX CSX Corp. 1.56% 65,000 $2.4M No change
STRT Strattec Security Corp. 1.52% 30,246 $2.3M Add +1.7%
NOMD Nomad Foods Ltd. 1.37% 165,575 $2.1M Add +2.8%
IMKTA Ingles Markets Inc. Class A 1.28% 28,296 $1.9M Reduce -0.7%
GPI Group 1 Automotive Inc. 1.27% 4,890 $1.9M No change
TMHC Taylor Morrison Home Corp. 1.26% 32,500 $1.9M No change
CNC Centene Corp. 1.25% 46,000 $1.9M No change
AXP American Express Co. 1.25% 5,100 $1.9M No change
PPLI People Inc. filed as IAC INC 1.24% 48,000 $1.9M Add +41.2%
VCSH Vanguard S/T Corp. Bond ETF 1.24% 23,500 $1.9M Reduce -63.1%
ACI Albertsons Cos Inc. Class A 1.08% 95,000 $1.6M No change
M Macy's Inc. 0.90% 62,000 $1.4M Reduce -35.4%
AN Autonation Inc. 0.77% 5,650 $1.2M Add +5.6%
KHC The Kraft Heinz Co. 0.67% 42,000 $1.0M Add +115.4%
NSC Norfolk Southern Corp. 0.62% 3,270 $944K No change
ABG Asbury Automotive Group 0.61% 4,000 $930K No change
ALSN Allison Transmission Holding 0.60% 9,300 $910K No change
CNNE Cannae Holdings Inc. 0.58% 55,477 $873K Reduce -14.0%
HUM Humana Inc. 0.51% 3,000 $768K No change
CPAY Corpay Inc. 0.50% 2,500 $752K Reduce -7.4%
COF Capital One Financial Corp. 0.47% 2,955 $716K No change
CCS Century Communities Inc. 0.41% 10,371 $616K No change
UNH Unitedhealth Group Inc. 0.39% 1,800 $594K No change
SITC Site Centers Corp. filed as SITE CTRS CORP 0.36% 86,000 $552K Reduce -17.3%
IVOV Vanguard S&P Mid-Cap 400 Val 0.35% 5,200 $525K No change
PGR Progressive Corp. 0.30% 2,000 $455K No change
CVS CVS Health Corp. 0.26% 5,000 $397K No change
LAD Lithia Motors Inc. 0.24% 1,080 $359K No change
BYD Boyd Gaming Corp. 0.23% 4,000 $341K New
ACT Enact Holdings Inc. 0.21% 8,000 $317K Add +23.1%
HOG Harley-Davidson Inc. 0.21% 15,404 $316K New
LGIH Lgi Homes Inc. 0.19% 6,800 $292K No change
AZO AutoZone Inc. 0.16% 70 $237K No change
LEGH Legacy Housing Corp. 0.15% 12,000 $234K New
BRID Bridgford Foods Corp. 0.13% 25,017 $195K No change
ANGO Angiodynamics Inc. 0.11% 12,400 $159K Reduce -48.3%
BGS B&G Foods Inc. 0.06% 21,099 $91K No change

Portfolio Sells Q3 2025 → Q4 2025
VCSH Vanguard S/T Corp. Bond ETF Reduce -63.1% 1.24% −2.27
URI United Rentals Inc. Reduce -8.5% 4.54% −1.56
SEB Seaboard Corp. Reduce -33.9% 3.53% −1.04
OSUR Orasure Technologies Inc. Sold out 0.00% −0.62
NVT Nvent Electric PLC Sold out 0.00% −0.61
FHI Federated Hermes Inc. Reduce -3.8% 5.27% −0.42
CHRD Chord Energy Corp. Reduce -2.0% 2.98% −0.42
SOLV Solventum Corp. Reduce -22.6% 1.70% −0.41
CBRL Cracker Barrel Old Country Sold out 0.00% −0.35
GIFI Gulf Island Fabrication Inc. Sold out 0.00% −0.35
RDN Radian Group Inc. Sold out 0.00% −0.35
MGM MGM Resorts International Reduce -16.5% 1.71% −0.32
CNDT Conduent Inc. Sold out 0.00% −0.29
M Macy's Inc. Reduce -35.4% 0.90% −0.28
SITC Site Centers Corp. Reduce -17.3% 0.36% −0.28
CNNE Cannae Holdings Inc. Reduce -14.0% 0.58% −0.24
WEX Wex Inc. Reduce -2.1% 1.82% −0.23
CFG Citizens Financial Group Reduce -8.3% 2.55% −0.09
IMKTA Ingles Markets Inc. Class A Reduce -0.7% 1.28% −0.08
BLMN Bloomin' Brands Inc. Sold out 0.00% −0.08
ANGO Angiodynamics Inc. Reduce -48.3% 0.11% −0.08
CPAY Corpay Inc. Reduce -7.4% 0.50% −0.04
DIN Dine Brands Global Inc. Reduce -8.8% 1.73% +0.21
SYF Synchrony Financial Reduce -5.3% 4.96% +0.31
TEVA Teva Pharmaceutical-SP ADR Reduce -15.9% 5.98% +1.18

Portfolio Buys Q3 2025 → Q4 2025
VBIL Vanguard 0-3M T-Bill ETF New 2.35% +2.35
RSP Invesco S&P 500 Equal Weight Add +782.6% 2.57% +2.27
IJH iShares Core S&P Midcap ETF Add +92.7% 3.11% +1.45
VTI VG Morningstar TS MKT ETF-US Add +54.7% 4.04% +1.38
PPLI People Inc. Add +41.2% 1.24% +0.44
KHC The Kraft Heinz Co. Add +115.4% 0.67% +0.32
BYD Boyd Gaming Corp. New 0.23% +0.23
HOG Harley-Davidson Inc. New 0.21% +0.21
LEGH Legacy Housing Corp. New 0.15% +0.15
STRT Strattec Security Corp. Add +1.7% 1.52% +0.13
ACT Enact Holdings Inc. Add +23.1% 0.21% +0.04
AN Autonation Inc. Add +5.6% 0.77% −0.04
NOMD Nomad Foods Ltd. Add +2.8% 1.37% −0.09
GPN Global Payments Inc. Add +2.9% 1.84% −0.16

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