FACTORIAL MANAGEMENT Ltd

HONG KONG, K3 · CIK 1697137 · 13F filing filed 2025-08-01

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

$4.6m reported value

4positions

100.0%in top 10

4 new 0 added 0 reduced 1 sold out vs Q1 2025

Holdings, Q2 2025

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change
1	KRANESHARES TRUST CSI CHI INTERNET KWEB	KWEB	58,900	$2.0m44.10%	44.10%	New
2	ALIBABA GROUP HLDG LTD NOTE 0.500% 6/0 · principal BABA 0.5 06.01.31 · principal	BABA 0.5 06.01.31	1,000,000	$1.3m27.86%	27.86%	New
3	TRIP COM GROUP LTD NOTE 0.750% 6/1 · principal TCOM 0.75 06.15.29 · principal	TCOM 0.75 06.15.29	1,000,000	$1.1m24.15%	24.15%	New
4	CHAGEE HLDGS LTD SPONSORED ADS CHA	CHA	6,820	$178.1k3.88%	3.88%	New

Sold out since Q1 2025

Security	Ticker	Shares held before	Value then
N/A		0	$00 shares