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ICP

Indus Capital Partners Portfolio holdings

AUM $39.7M
1-Year Est. Return 53.95%
This Fund
S&P 500
This Quarter Est. Return
+3.45%
1 Year Est. Return
+53.95%
3 Year Est. Return
+114.84%
5 Year Est. Return
+42.53%
10 Year Est. Return
+777%
AUM
$139M
AUM Growth
-$10.3M
Cap. Flow
-$14.1M
Cap. Flow %
-10.16%
Top 10 Hldgs %
100%
Holding
6
New
1
Increased
1
Reduced
3
Closed
1

Top Buys

Rank Stock Value
1
GDS icon
GDS Holdings
GDS
+$10.3M
2
PDD icon
Pinduoduo
PDD
+$1.13M

Top Sells

Rank Stock Value
1
HDB icon
HDFC Bank
HDB
+$22.3M
2
CTSH icon
Cognizant
CTSH
+$1.88M
3
BEKE icon
KE Holdings
BEKE
+$1.35M
4
BEDU
Bright Scholar Education Holdings
BEDU
+$72.2K

Sector Composition

Rank Sector Weight
1 Financials 41.81%
2 Technology 29.82%
3 Real Estate 26.87%
4 Consumer Staples 0.83%
5 Consumer Discretionary 0.68%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HDB icon
1
HDFC Bank
HDB
$135B
$58.1M 41.81%
1,821,154
-695,692
-28% -$22.3M
GDS icon
2
GDS Holdings
GDS
$6.24B
$41.5M 29.82%
1,745,558
+487,800
+39% +$10.3M
BEKE icon
3
KE Holdings
BEKE
$19.2B
$37.4M 26.87%
2,028,691
-65,700
-3% -$1.35M
BEDU
4
DELISTED
Bright Scholar Education Holdings
BEDU
$1.15M 0.83%
670,725
-38,080
-5% -$72.2K
PDD icon
5
Pinduoduo
PDD
$120B
$941K 0.68%
+9,700
New +$1.13M
CTSH icon
6
Cognizant
CTSH
$21.2B
– –
-24,415
Closed -$1.88M

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Crosspoint Financial Tustin, California $39.8M AUM 14.13% 1-Year Est. Return
8GI
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EV
Eclipse Ventures Palo Alto, California $39.6M AUM
TCM
TCG Capital Management Playa Vista, California $39.4M AUM 54.08% 1-Year Est. Return
DDSF
Diana Davis Spencer Foundation Bethesda, Maryland $39.3M AUM 1.14% 1-Year Est. Return
IVAI
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SPIG
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CIC
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Indus Capital Partners's Q4 2024 Portfolio in Review

As of Q4 2024, Indus Capital Partners held 6 positions worth $139M, down 6.9% from $149M the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Indus Capital Partners withdrew a net $14.1M in Q4 2024, closing 1 position and reducing 3 holdings. Its most notable exit was Cognizant, an estimated $1.88M position sold in full.

By sector, the portfolio is most concentrated in Financials at 42% of assets, down from 53% a quarter earlier, followed by Technology and Real Estate.

Against the trend, Indus Capital Partners opened a new position in Pinduoduo worth $941K.

  • Indus Capital Partners's largest Q4 2024 buy was Pinduoduo: 9,700 shares worth $941K.
  • Indus Capital Partners added most to GDS Holdings in Q4 2024, an estimated $10.3M increase.
  • Indus Capital Partners's biggest Q4 2024 reduction was HDFC Bank, cutting an estimated $22.3M.
  • Indus Capital Partners fully exited Cognizant in Q4 2024, selling an estimated $1.88M.
  • Indus Capital Partners's ten largest holdings make up 100% of its $139M portfolio in Q4 2024.
  • Indus Capital Partners opened 1 new position and closed 1 in Q4 2024.
  • Indus Capital Partners's portfolio value fell 6.9% quarter-over-quarter to $139M.

Based on Indus Capital Partners's 13F filing for Q4 2024, filed 14 Feb 2025.