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Indus Capital Partners Portfolio holdings

AUM $39.7M
1-Year Est. Return 53.95%
This Fund
S&P 500
This Quarter Est. Return
+6.06%
1 Year Est. Return
+53.95%
3 Year Est. Return
+114.84%
5 Year Est. Return
+42.53%
10 Year Est. Return
+777%
AUM
$106M
AUM Growth
-$33.2M
Cap. Flow
-$41M
Cap. Flow %
-38.67%
Top 10 Hldgs %
100%
Holding
6
New
1
Increased
–
Reduced
3
Closed
1

Top Buys

Rank Stock Value
1
HTHT icon
Huazhu Hotels Group
HTHT
+$13.3M

Top Sells

Rank Stock Value
1
BEKE icon
KE Holdings
BEKE
+$37.4M
2
GDS icon
GDS Holdings
GDS
+$12.2M
3
HDB icon
HDFC Bank
HDB
+$4.63M
4
BEDU
Bright Scholar Education Holdings
BEDU
+$228

Sector Composition

Rank Sector Weight
1 Financials 52.36%
2 Technology 32.1%
3 Consumer Discretionary 14.48%
4 Consumer Staples 1.06%
5 Real Estate 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HDB icon
1
HDFC Bank
HDB
$135B
$55.5M 52.36%
1,669,354
-151,800
-8% -$4.63M
GDS icon
2
GDS Holdings
GDS
$6.24B
$34M 32.1%
1,342,258
-403,300
-23% -$12.2M
HTHT icon
3
Huazhu Hotels Group
HTHT
$12.8B
$14.2M 13.39%
+383,200
New +$13.3M
PDD icon
4
Pinduoduo
PDD
$120B
$1.15M 1.08%
9,700
– –
BEDU
5
DELISTED
Bright Scholar Education Holdings
BEDU
$1.12M 1.06%
670,589
-136
-0% -$228
BEKE icon
6
KE Holdings
BEKE
$19.3B
– –
-2,028,691
Closed -$37.4M

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TCM
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DDSF
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IVAI
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Indus Capital Partners's Q1 2025 Portfolio in Review

As of Q1 2025, Indus Capital Partners held 6 positions worth $106M, down 24% from $139M the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Indus Capital Partners withdrew a net $41M in Q1 2025, closing 1 position and reducing 3 holdings. Its most notable exit was KE Holdings, an estimated $37.4M position sold in full.

By sector, the portfolio is most concentrated in Financials at 52% of assets, up from 42% a quarter earlier, followed by Technology and Consumer Discretionary.

Against the trend, Indus Capital Partners opened a new position in Huazhu Hotels Group worth $14.2M.

  • Indus Capital Partners's largest Q1 2025 buy was Huazhu Hotels Group: 383,200 shares worth $14.2M.
  • Indus Capital Partners's biggest Q1 2025 reduction was GDS Holdings, cutting an estimated $12.2M.
  • Indus Capital Partners fully exited KE Holdings in Q1 2025, selling an estimated $37.4M.
  • Indus Capital Partners's ten largest holdings make up 100% of its $106M portfolio in Q1 2025.
  • Indus Capital Partners opened 1 new position and closed 1 in Q1 2025.
  • Indus Capital Partners's portfolio value fell 24% quarter-over-quarter to $106M.

Based on Indus Capital Partners's 13F filing for Q1 2025, filed 14 May 2025.