Factorial Partners, LLC
Long book
$137.8M
Q1 2026
Positions
60
Top-10 weight
47%
concentration
Last quarter
+12.6%
SPY +14.8%
Turnover
8%
of book per quarter
Strategy in plain words
auto-generated from filingsFactorial Partners, LLC is a diversified fundamental manager, running a $137.8M US long book across 60 positions.
The portfolio is moderately concentrated (top 10 ≈ 47% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: FEDERATED HERMES INC, ISHARES CORE S&P MIDCAP ETF, TEVA PHARMACEUTICAL-SP ADR, VANGUARD 0-3M T-BILL ETF, CHORD ENERGY CORP.
Over the last 9 quarters its long book ran on average 1.3pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-5.4%
Q2 2024
+10.6%
Q3 2024
+0.9%
Q4 2024
-6.5%
Q1 2025
+4.3%
Q2 2025
+6.9%
Q3 2025
+6.6%
Q4 2025
-1.2%
Q1 2026
+12.6%
Sector allocation
Financials 34%
Services media 20%
Consumer discretionary 13%
Industrials 10%
Other 7%
Energy 6%
Healthcare 5%
Consumer staples 3%
Long book by quarter
What does Factorial Partners, own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| FHI FEDERATED HERMES INC | Financials | 153.2K | $8.7M | 6.3% | Held |
| CHRD CHORD ENERGY CORP | Energy | 44.0K | $6.3M | 4.5% | -9.7% |
| SYF SYNCHRONY FINANCIAL | Financials | 90.0K | $6.1M | 4.4% | Held |
| TNL TRAVEL + LEISURE CO | Services media | 87.0K | $6.0M | 4.4% | -0.6% |
| URI UNITED RENTALS INC | Services media | 7.3K | $5.3M | 3.9% | -14.1% |
| GNW GENWORTH FINANCIAL INC | Financials | 627.0K | $5.1M | 3.7% | +6.6% |
| CFG CITIZENS FINANCIAL GROUP | Financials | 62.0K | $3.7M | 2.7% | -6.1% |
| T86 TRI POINTE HOMES INC | — | 78.5K | $3.7M | 2.7% | -11.8% |
| CI THE CIGNA GROUP | Financials | 12.4K | $3.3M | 2.4% | +0.8% |
| VTRS VIATRIS INC | Healthcare | 238.0K | $3.2M | 2.3% | -10.2% |
| AL AIR LEASE CORP | — | 47.0K | $3.1M | 2.2% | -48.4% |
| WEX WEX INC | Services media | 19.0K | $2.9M | 2.1% | +2.7% |
| SEB SEABOARD CORP | Consumer discretionary | 489 | $2.8M | 2.0% | -59.4% |
| BFH BREAD FINANCIAL HOLDINGS INC | Financials | 35.0K | $2.6M | 1.9% | Held |
| MGM MGM RESORTS INTERNATIONAL | Services media | 65.0K | $2.4M | 1.7% | -8.5% |
| STRT STRATTEC SECURITY CORP | Industrials | 30.2K | $2.4M | 1.7% | Held |
| IMKTA INGLES MARKETS INC-CLASS A | Consumer discretionary | 25.0K | $2.2M | 1.6% | -11.7% |
| PPLI PEOPLE INC | Technology | 55.5K | $2.2M | 1.6% | +15.6% |
| CSX CSX CORP | Industrials | 49.0K | $2.0M | 1.5% | -24.6% |
| TMHC TAYLOR MORRISON HOME CORP | Industrials | 32.5K | $1.9M | 1.4% | Held |
| ACI ALBERTSONS COS INC - CLASS A | Consumer discretionary | 100.0K | $1.7M | 1.2% | +5.3% |
| GPI GROUP 1 AUTOMOTIVE INC | Consumer discretionary | 4.9K | $1.6M | 1.2% | Held |
| GPN GLOBAL PAYMENTS INC | Services media | 23.0K | $1.5M | 1.1% | -36.1% |
| AXP AMERICAN EXPRESS CO | Financials | 5.1K | $1.5M | 1.1% | Held |
| CNC CENTENE CORP | Financials | 43.0K | $1.4M | 1.0% | -6.5% |
| NOMD NOMAD FOODS LTD | Consumer staples | 136.6K | $1.3M | 1.0% | -17.5% |
| KHC KRAFT HEINZ CO/THE | Consumer staples | 57.0K | $1.3M | 0.9% | +35.7% |
| SOLV SOLVENTUM CORP | Healthcare | 17.0K | $1.1M | 0.8% | -47.7% |
| AN AUTONATION INC | Consumer discretionary | 5.7K | $1.1M | 0.8% | Held |
| HOG HARLEY-DAVIDSON INC | Industrials | 54.4K | $1.1M | 0.8% | +253.2% |
| ALSN ALLISON TRANSMISSION HOLDING | Industrials | 9.3K | $1.1M | 0.8% | Held |
| DIN DINE BRANDS GLOBAL INC | Consumer discretionary | 36.0K | $945K | 0.7% | -55.8% |
| ABG ASBURY AUTOMOTIVE GROUP | Consumer discretionary | 4.0K | $782K | 0.6% | Held |
| NSC NORFOLK SOUTHERN CORP | Industrials | 2.6K | $738K | 0.5% | -21.4% |
| CPAY CORPAY INC | Services media | 2.4K | $698K | 0.5% | -4.0% |
| M MACY'S INC | Consumer discretionary | 38.0K | $687K | 0.5% | -38.7% |
| UNH UNITEDHEALTH GROUP INC | Financials | 2.2K | $595K | 0.4% | +22.2% |
| CCS CENTURY COMMUNITIES INC | Industrials | 10.1K | $578K | 0.4% | -2.9% |
| CNNE CANNAE HOLDINGS INC | Consumer discretionary | 49.5K | $563K | 0.4% | -10.8% |
| SPGI S&P GLOBAL INC | Services media | 1.3K | $553K | 0.4% | -76.4% |
| COF CAPITAL ONE FINANCIAL CORP | Financials | 2.8K | $503K | 0.4% | -6.8% |
| PGR PROGRESSIVE CORP | Financials | 2.0K | $396K | 0.3% | Held |
| CVS CVS HEALTH CORP | Healthcare | 5.0K | $359K | 0.3% | Held |
| BYD BOYD GAMING CORP | Services media | 4.0K | $329K | 0.2% | Held |
| LGIH LGI HOMES INC | Industrials | 7.0K | $277K | 0.2% | +2.9% |
| LAD LITHIA MOTORS INC | Consumer discretionary | 1.1K | $270K | 0.2% | Held |
| LEGH LEGACY HOUSING CORP | Other | 12.0K | $245K | 0.2% | Held |
| AZO AUTOZONE INC | Consumer discretionary | 70 | $236K | 0.2% | Held |
| BRID BRIDGFORD FOODS CORP | Consumer staples | 25.0K | $186K | 0.1% | Held |
| BGS B&G FOODS INC | Consumer staples | 21.1K | $101K | 0.1% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 13, 2026 | 60 | $137.8M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 10, 2026 | 63 | $151.4M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 10, 2025 | 66 | $145.3M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 11, 2025 | 63 | $138.0M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 9, 2025 | 66 | $162.2M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 5, 2025 | 69 | $174.1M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 8, 2024 | 75 | $173.8M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 7, 2024 | 77 | $162.5M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 14, 2024 | 82 | $175.9M | canonical | SEC ↗ |
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