Indus Capital Partners, LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Indus Capital Partners, LLC reported 5 stock positions worth $160.9 million. Its top holding was HDFC Bank Ltd.-ADR (HDB) at 45.7% of the portfolio, followed by Full Truck Alliance -SPN ADR (YMM, 28.1%) and Ke Holdings Inc.-ADR (BEKE, 18.4%). Compared with Q4 2023, it sold out of 1, added to 2 and reduced 2. The biggest buy was HDFC Bank Ltd.-ADR (HDB, shares +109%) and the biggest sale Cognizant Tech Solutions-A (CTSH, shares −50%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001350879
- Portfolio Value
- $160.9M (Q1 2024)
- SEC Filing
- 0000919574-24-003079 ↗ filed May 15, 2024
Holdings Value
Holdings 5 stocks · $160.9M
| HDB HDFC Bank Ltd.-ADR | 45.73% | 1,314,358 | $73.6M | Add +109.3% |
| YMM Full Truck Alliance -SPN ADR | 28.09% | 6,214,988 | $45.2M | Add +10.6% |
| BEKE Ke Holdings Inc.-ADR filed as KE HLDGS INC | 18.40% | 2,155,469 | $29.6M | No change |
| CTSH Cognizant Tech Solutions-A | 6.81% | 149,434 | $11.0M | Reduce -50.1% |
| BEDU Bright Scholar Education-ADR | 0.98% | 794,238 | $1.6M | Reduce -15.4% |
Portfolio Sells Q4 2023 → Q1 2024
Portfolio Buys Q4 2023 → Q1 2024
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 2 | $29.9M | HTHT, KT |
| Q1 2026 | 2 | $39.7M | HTHT, KT |
| Q4 2025 | 2 | $30.9M | HTHT, KT |
| Q3 2025 | 3 | $29.7M | HTHT, KT, BEDU |
| Q2 2025 | 4 | $79.9M | HDB, HTHT, KT, BEDU |
| Q1 2025 | 5 | $105.9M | HDB, GDS, HTHT, PDD, BEDU |
| Q4 2024 | 5 | $139.1M | HDB, GDS, BEKE, BEDU, PDD |
| Q3 2024 | 5 | $149.4M | HDB, BEKE, GDS, CTSH, BEDU |
| Q2 2024 | 5 | $163.3M | HDB, YMM, BEKE, CTSH, BEDU |
| Q1 2024 | 5 | $160.9M | HDB, YMM, BEKE, CTSH, BEDU |