Indus Capital Partners, LLC

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Indus Capital Partners, LLC reported 2 stock positions worth $30.9 million. Its top holding was H World Group Ltd.-ADR (HTHT) at 84.5% of the portfolio, followed by KT Corp.-SP ADR (KT, 15.5%). Compared with Q3 2025, it sold out of 1 and reduced 1. The biggest sale was an exit from Bright Scholar Education-ADR (BEDU).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0001350879
Portfolio Value
$30.9M (Q4 2025)
SEC Filing
0000919574-26-001173 ↗ filed Feb 17, 2026

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q1 2024: $160.9M Q1 2024 Q2 2024: $163.3M Q2 2024 Q3 2024: $149.4M Q3 2024 Q4 2024: $139.1M Q4 2024 Q1 2025: $105.9M Q1 2025 Q2 2025: $79.9M Q2 2025 Q3 2025: $29.7M Q3 2025 Q4 2025: $30.9M $30.9M Q4 2025 Q1 2026: $39.7M Q1 2026 Q2 2026: $29.9M Q2 2026

Holdings 2 stocks · $30.9M

HTHT H World Group Ltd.-ADR 84.52% 555,724 $26.1M Reduce -7.3%
KT KT Corp.-SP ADR 15.48% 252,500 $4.8M No change

Portfolio Sells Q3 2025 → Q4 2025

BEDU Bright Scholar Education-ADR Sold out 0.00% −4.41
HTHT H World Group Ltd.-ADR Reduce -7.3% 84.52% +5.52

Portfolio Buys Q3 2025 → Q4 2025

None this quarter.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 2$29.9MHTHT, KT
Q1 2026 2$39.7MHTHT, KT
Q4 2025 2$30.9MHTHT, KT
Q3 2025 3$29.7MHTHT, KT, BEDU
Q2 2025 4$79.9MHDB, HTHT, KT, BEDU
Q1 2025 5$105.9MHDB, GDS, HTHT, PDD, BEDU
Q4 2024 5$139.1MHDB, GDS, BEKE, BEDU, PDD
Q3 2024 5$149.4MHDB, BEKE, GDS, CTSH, BEDU
Q2 2024 5$163.3MHDB, YMM, BEKE, CTSH, BEDU
Q1 2024 5$160.9MHDB, YMM, BEKE, CTSH, BEDU