CIK: 0001732687
Total reported value
$137.8M
Reporting period: 2026-03-31 · Number of holdings: 60
Factorial Partners, LLC disclosed 60 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $137.8M and a quarterly turnover rate of 31.7%.
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Factorial Partners, LLC's disclosed holdings carry a Herfindahl concentration index of 0.031 — mathematically equivalent to about 32 equally-sized positions, well below its 60 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 0.94), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 64% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Add VBIL
+93.2% $3.3M
Add IJH
+49.9% $2.5M
Trim AL
-48.4% -$2.8M
Add CHRD
-9.7% $1.7M
Trim SEB
-59.4% -$2.6M
Trim SPGI
-76.4% -$2.3M
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | FHI | Federated Hermes INC | Stock-Financials | 6.31% | +1.04% | — | |
| 2 | IJH | Ishares Core S&p Midcap ETF | ETF-Other | 5.24% | +2.13% | +49.93% | |
| 3 | TEVA | Teva Pharmaceutical-sp Adr | Stock-Healthcare | 5.07% | -0.91% | -20.00% | |
| 4 | VBIL | Vanguard 0-3m T-bill ETF | ETF-Other | 5.00% | +2.65% | +93.21% | |
| 5 | CHRD | Chord Energy CORP | Stock-Energy | 4.54% | +1.56% | -9.65% | |
| 6 | SYF | Synchrony Financial | Stock-Financials | 4.44% | -0.52% | — | |
| 7 | TNL | Travel + Leisure Co | Stock-Consumer Disc | 4.37% | +0.29% | -0.57% | |
| 8 | VTI | Vanguard Total Stock Mkt ETF | ETF-Other | 4.19% | +0.15% | -1.37% | |
| 9 | URI | United Rentals INC | Stock-Industrials | 3.86% | -0.68% | -14.12% | |
| 10 | GNW | Genworth Financial INC | Stock-Financials | 3.69% | +0.18% | +6.63% | |
| 11 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 3.40% | +3.40% | NEW | |
| 12 | CFG | Citizens Financial Group | Stock-Financials | 2.70% | +0.15% | -6.06% | |
| 13 | T86 | Tri Pointe Homes INC | Stock-Other | 2.66% | +0.81% | -11.80% | |
| 14 | CI | THE Cigna Group | Stock-Healthcare | 2.40% | +0.16% | +0.81% | |
| 15 | VTRS | Viatris INC | Stock-Healthcare | 2.33% | +0.15% | -10.19% | |
| 16 | AL | Air Lease CORP | Stock-Other | 2.21% | -1.65% | -48.35% | |
| 17 | WEX | Wex INC | Stock-Tech | 2.11% | +0.29% | +2.70% | |
| 18 | SEB | Seaboard CORP | Stock-Other | 2.01% | -1.52% | -59.39% | |
| 19 | BFH | Bread Financial Holdings INC | Stock-Financials | 1.90% | — | — | |
| 20 | IJJ | Ishares S&p Mid-cap 400 Valu | ETF-Other | 1.82% | — | — | |
| 21 | MGM | Mgm Resorts International | Stock-Consumer Disc | 1.75% | +0.04% | -8.45% | |
| 22 | STRT | Strattec Security CORP | Stock-Other | 1.72% | +0.20% | — | |
| 23 | IMKTA | Ingles Markets Inc-class A | Stock-Other | 1.63% | +0.35% | -11.66% | |
| 24 | PPLI | People INC | Stock-Comm Services | 1.61% | +0.37% | +15.63% | |
| 25 | RSP | Invesco S&p 500 Equal Weight | ETF-Large Cap & Growth | 1.60% | -0.97% | -43.35% | |
| 26 | CSX | Csx CORP | Stock-Industrials | 1.46% | -0.10% | -24.62% | |
| 27 | TMHC | Taylor Morrison Home CORP | Stock-Consumer Disc | 1.37% | — | — | |
| 28 | ACI | Albertsons Cos INC - Class A | Stock-Consumer Staples | 1.24% | +0.16% | +5.26% | |
| 29 | GPI | Group 1 Automotive INC | Stock-Consumer Disc | 1.17% | -0.10% | — | |
| 30 | GPN | Global Payments INC | Stock-Industrials | 1.12% | -0.72% | -36.11% | |
| 31 | AXP | American Express Co | Stock-Financials | 1.12% | -0.13% | — | |
| 32 | CNC | Centene CORP | Stock-Healthcare | 1.02% | -0.23% | -6.52% | |
| 33 | NOMD | Nomad Foods Limited | Stock-Other | 0.95% | -0.42% | -17.51% | |
| 34 | KHC | Kraft Heinz Co/the | Stock-Consumer Staples | 0.93% | +0.26% | +35.71% | |
| 35 | SOLV | Solventum CORP | Stock-Healthcare | 0.81% | -0.89% | -47.69% | |
| 36 | AN | Autonation INC | Stock-Consumer Disc | 0.80% | +0.03% | — | |
| 37 | HOG | Harley-davidson INC | Stock-Consumer Disc | 0.80% | +0.59% | +253.18% | |
| 38 | ALSN | Allison Transmission Holding | Stock-Consumer Disc | 0.79% | +0.19% | — | |
| 39 | VCSH | Vanguard S/t CORP Bond ETF | ETF-Corp Bonds | 0.69% | -0.55% | -48.94% | |
| 40 | DIN | Dine Brands Global INC | Stock-Other | 0.69% | -1.04% | -55.76% | |
| 41 | ABG | Asbury Automotive Group | Stock-Consumer Disc | 0.57% | -0.04% | — | |
| 42 | NSC | Norfolk Southern CORP | Stock-Industrials | 0.54% | -0.08% | -21.41% | |
| 43 | CPAY | Corpay INC | Stock-Tech | 0.51% | — | -4.00% | |
| 44 | M | Macy's INC | Stock-Consumer Disc | 0.50% | -0.40% | -38.71% | |
| 45 | UNH | Unitedhealth Group INC | Stock-Healthcare | 0.43% | — | +22.22% | |
| 46 | CCS | Century Communities INC | Stock-Other | 0.42% | — | -2.89% | |
| 47 | CNNE | Cannae Holdings INC | Stock-Other | 0.41% | -0.17% | -10.82% | |
| 48 | SPGI | S&p Global INC | Stock-Financials | 0.40% | -1.50% | -76.36% | |
| 49 | IVOV | Vanguard S&p Mid-cap 400 Val | ETF-Other | 0.38% | — | — | |
| 50 | COF | Capital One Financial CORP | Stock-Financials | 0.36% | -0.11% | -6.77% |
Performance for Q3 2026
+5.3%
Performance Last 4 Quarters
+22.6%
Based on 66% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 60 | $137.8M | 32 | |
| 2025-12-31 | 63 | $151.4M | 24 | |
| 2025-09-30 | 66 | $145.3M | 52 | |
| 2025-06-30 | 63 | $138.0M | 0 | |
| 2025-03-31 | 66 | $162.2M | 100 | |
| 2024-12-31 | 69 | $174.1M | 0 | |
| 2024-09-30 | 75 | $173.8M | 0 | |
| 2024-06-30 | 77 | $162.5M | 0 | |
| 2024-03-31 | 82 | $175.9M | 0 | |
| 2023-12-31 | 80 | $158.0M | 0 | |
| 2023-09-30 | 87 | $136.9M | 0 | |
| 2023-06-30 | 89 | $144.9M | 0 | |
| 2023-03-31 | 86 | $132.8M | 0 | |
| 2022-12-31 | 89 | $130.7M | 0 | |
| 2022-09-30 | 87 | $115.2M | 0 | |
| 2022-06-30 | 94 | $123.0M | 0 | |
| 2022-03-31 | 91 | $145.5M | 0 | |
| 2021-12-31 | 92 | $151.1M | 0 | |
| 2021-09-30 | 93 | $147.0M | 0 | |
| 2021-06-30 | 92 | $148.2M | 9 | |
| 2021-03-31 | 101 | $3.0B | 0 | |
| 2020-12-31 | 97 | $119.7M | 38 | |
| 2020-09-30 | 96 | $97.9M | 31 | |
| 2020-06-30 | 95 | $91.3M | 42 | |
| 2020-03-31 | 103 | $75.0M | 62 | |
| 2019-12-31 | 97 | $114.3M | 40 | |
| 2019-09-30 | 105 | $104.1M | 33 | |
| 2019-06-30 | 107 | $104.3M | 52 | |
| 2019-03-31 | 128 | $106.2M | 48 | |
| 2018-12-31 | 120 | $95.4M | 53 | |
| 2018-09-30 | 100 | $116.4M | 29 | |
| 2018-06-30 | 98 | $111.9M | 50 | |
| 2018-03-31 | 99 | $109.5M | 40 | |
| 2017-12-31 | 105 | $108.1M | 0 |
Factorial Partners, LLC's most significant position changes for 2026-03-31: New buy: Ss Spdr S&p 500 ETF Trust-us (SPY); Sold out: Apple INC (AAPL); Sold out: Humana INC (HUM); Sold out: Enact Holdings INC (ACT); Sold out: Angiodynamics INC (ANGO).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | VBIL | Vanguard 0-3m T-bill ETF | +2.7% | +93.21% | Add |
| 2 | IJH | Ishares Core S&p Midcap ETF | +2.1% | +49.93% | Add |
| 3 | CHRD | Chord Energy CORP | +1.6% | -9.65% | Trim |
| 4 | FHI | Federated Hermes INC | +1% | — | Unchanged |
| 5 | T86 | Tri Pointe Homes INC | +0.8% | -11.80% | Trim |
| 6 | HOG | Harley-davidson INC | +0.6% | +253.18% | Add |
| 7 | PPLI | People INC | +0.4% | +15.63% | Add |
| 8 | IMKTA | Ingles Markets Inc-class A | +0.4% | -11.66% | Trim |
| 9 | TNL | Travel + Leisure Co | +0.3% | -0.57% | Trim |
| 10 | WEX | Wex INC | +0.3% | +2.70% | Add |
| 11 | KHC | Kraft Heinz Co/the | +0.3% | +35.71% | Add |
| 12 | STRT | Strattec Security CORP | +0.2% | — | Unchanged |
| 13 | ALSN | Allison Transmission Holding | +0.2% | — | Unchanged |
| 14 | GNW | Genworth Financial INC | +0.2% | +6.63% | Add |
| 15 | CI | THE Cigna Group | +0.2% | +0.81% | Add |
| 16 | ACI | Albertsons Cos INC - Class A | +0.2% | +5.26% | Add |
| 17 | VTI | Vanguard Total Stock Mkt ETF | +0.2% | -1.37% | Trim |
| 18 | CFG | Citizens Financial Group | +0.2% | -6.06% | Trim |
| 19 | VTRS | Viatris INC | +0.2% | -10.19% | Trim |
| 20 | MGM | Mgm Resorts International | 0% | -8.45% | Trim |
| 21 | AN | Autonation INC | 0% | — | Unchanged |
| 22 | PGR | Progressive CORP | 0% | — | Unchanged |
| 23 | ABG | Asbury Automotive Group | 0% | — | Unchanged |
| 24 | LAD | Lithia Motors INC | 0% | — | Unchanged |
| 25 | NSC | Norfolk Southern CORP | -0.1% | -21.41% | Trim |
| 26 | CSX | Csx CORP | -0.1% | -24.62% | Trim |
| 27 | GPI | Group 1 Automotive INC | -0.1% | — | Unchanged |
| 28 | COF | Capital One Financial CORP | -0.1% | -6.77% | Trim |
| 29 | AXP | American Express Co | -0.1% | — | Unchanged |
| 30 | SITC | Site Centers CORP | -0.1% | -33.72% | Trim |
| 31 | CNNE | Cannae Holdings INC | -0.2% | -10.82% | Trim |
| 32 | CNC | Centene CORP | -0.2% | -6.52% | Trim |
| 33 | M | Macy's INC | -0.4% | -38.71% | Trim |
| 34 | NOMD | Nomad Foods Limited | -0.4% | -17.51% | Trim |
| 35 | SYF | Synchrony Financial | -0.5% | — | Unchanged |
| 36 | VCSH | Vanguard S/t CORP Bond ETF | -0.6% | -48.94% | Trim |
| 37 | URI | United Rentals INC | -0.7% | -14.12% | Trim |
| 38 | GPN | Global Payments INC | -0.7% | -36.11% | Trim |
| 39 | SOLV | Solventum CORP | -0.9% | -47.69% | Trim |
| 40 | TEVA | Teva Pharmaceutical-sp Adr | -0.9% | -20.00% | Trim |
| 41 | RSP | Invesco S&p 500 Equal Weight | -1% | -43.35% | Trim |
| 42 | DIN | Dine Brands Global INC | -1% | -55.76% | Trim |
| 43 | SPGI | S&p Global INC | -1.5% | -76.36% | Trim |
| 44 | SEB | Seaboard CORP | -1.5% | -59.39% | Trim |
| 45 | AL | Air Lease CORP | -1.7% | -48.35% | Trim |
| 46 | SPY | Ss Spdr S&p 500 ETF Trust-us | — | NEW | New buy |
| 47 | AAPL | Apple INC | — | EXIT | Sold out |
| 48 | HUM | Humana INC | — | EXIT | Sold out |
| 49 | ACT | Enact Holdings INC | — | EXIT | Sold out |
| 50 | ANGO | Angiodynamics INC | — | EXIT | Sold out |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-13 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-10 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-11-10 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-08-11 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-05-09 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-02-05 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-11-08 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-08-07 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-05-14 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-02-13 | 13F-HR | View on EDGAR |
| 2023-09-30 | 2023-11-13 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2023-08-02 | 13F-HR | View on EDGAR |
| 2023-03-31 | 2023-05-03 | 13F-HR | View on EDGAR |
| 2022-12-31 | 2023-02-13 | 13F-HR | View on EDGAR |
| 2022-09-30 | 2022-11-04 | 13F-HR | View on EDGAR |
| 2022-06-30 | 2022-08-03 | 13F-HR | View on EDGAR |
| 2022-03-31 | 2022-05-03 | 13F-HR | View on EDGAR |
| 2021-12-31 | 2022-02-09 | 13F-HR | View on EDGAR |
| 2021-09-30 | 2021-11-12 | 13F-HR | View on EDGAR |
| 2021-06-30 | 2021-08-11 | 13F-HR | View on EDGAR |
| 2021-03-31 | 2021-05-21 | Amendment | View on EDGAR |
| 2021-03-31 | 2021-05-19 | Amendment | View on EDGAR |
| 2021-03-31 | 2021-05-17 | 13F-HR | View on EDGAR |
| 2020-12-31 | 2021-02-16 | 13F-HR | View on EDGAR |
| 2020-09-30 | 2020-11-12 | 13F-HR | View on EDGAR |
| 2020-06-30 | 2020-08-13 | 13F-HR | View on EDGAR |
| 2020-03-31 | 2020-05-15 | 13F-HR | View on EDGAR |
| 2019-12-31 | 2020-02-11 | 13F-HR | View on EDGAR |
| 2019-12-31 | 2020-02-11 | Amendment | View on EDGAR |
| 2019-09-30 | 2019-11-12 | 13F-HR | View on EDGAR |
| 2019-06-30 | 2019-08-15 | 13F-HR | View on EDGAR |
| 2019-03-31 | 2019-05-10 | 13F-HR | View on EDGAR |
| 2018-12-31 | 2019-02-14 | 13F-HR | View on EDGAR |
| 2018-09-30 | 2018-11-08 | 13F-HR | View on EDGAR |
| 2018-06-30 | 2018-08-01 | 13F-HR | View on EDGAR |
| 2018-03-31 | 2018-04-23 | 13F-HR | View on EDGAR |
| 2017-12-31 | 2018-04-19 | 13F-HR | View on EDGAR |
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