Indus Capital Partners, LLC
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 13, 2024), Indus Capital Partners, LLC reported 5 stock positions worth $149.4 million. Its top holding was HDFC Bank Ltd.-ADR (HDB) at 52.7% of the portfolio, followed by Ke Holdings Inc.-ADR (BEKE, 27.9%) and GDS Holdings Ltd. - ADR (GDS, 17.2%). Compared with Q2 2024, it opened 1 new position, sold out of 1 and reduced 3. The biggest buy was a new position in GDS Holdings Ltd. - ADR (GDS) and the biggest sale an exit from Full Truck Alliance -SPN ADR (YMM).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001350879
- Portfolio Value
- $149.4M (Q3 2024)
- SEC Filing
- 0000919574-24-006398 ↗ filed Nov 13, 2024
Holdings Value
Holdings 5 stocks · $149.4M
| HDB HDFC Bank Ltd.-ADR | 52.69% | 1,258,423 | $78.7M | Reduce -4.1% |
| BEKE Ke Holdings Inc.-ADR filed as KE HLDGS INC | 27.91% | 2,094,391 | $41.7M | Reduce -0.4% |
| GDS GDS Holdings Ltd. - ADR filed as GDS HLDGS LTD | 17.17% | 1,257,758 | $25.7M | New |
| CTSH Cognizant Tech Solutions-A | 1.26% | 24,415 | $1.9M | No change |
| BEDU Bright Scholar Education-ADR | 0.96% | 708,805 | $1.4M | Reduce -8.9% |
Portfolio Sells Q2 2024 → Q3 2024
Portfolio Buys Q2 2024 → Q3 2024
| GDS GDS Holdings Ltd. - ADR | New | 17.17% | +17.17 |
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 |