Analyzing the Changes in Holdings of Sanoor Capital Management LP in Q1 and Q2 2019

Sanoor Capital Management LP is a hedge fund that was founded by Siddharth Mehta. The fund mainly focuses on the technology sector with a specific concentration on global software, payments, e-commerce, and cloud computing industries. In this blog post, we will be analyzing the changes in holdings of Sanoor Capital Management LP in the first and second quarters of 2019.

The CSV file above shows the changes in the holdings of Sanoor Capital Management LP in the first and second quarters of 2019. The file is arranged in columns that show the symbol of the issuer, the name of the issuer, the option type, the number of shares held in the first and second quarters of 2019, the value of the holdings in the first and second quarters of 2019 and the percentage change between the two quarters.

One key takeaway from the file is that Sanoor Capital Management LP made significant changes to its holdings in the second quarter compared to the first quarter. The fund sold off all its holdings in ICICI Bank Ltd, HDFC Bank Ltd, Amazon.com Inc, Newmont Mining Corp, Agnico Eagle Mines Ltd, Salesforce.com, ServiceNow Inc, PayPal Holdings Inc and DBX ETF TR. This means that Sanoor Capital Management LP liquidated its entire stake in these companies during the second quarter of 2019.

The fund's investment strategy seems to have shifted in the second quarter as it no longer held any shares in these companies. However, it is important to note that the fund may have sold off these holdings for various reasons. For instance, the fund may have sold off its holdings to free up capital for other investments or to cut its losses in underperforming stocks.

On the other hand, the fund increased its holdings in Twilio Inc and Splunk Inc from 59,180 shares to 60,726 shares and from 33,086 shares to 52,402 shares respectively. The fund's investments in these companies increased in value from $7,645,000 in Q1 2019 to $7,566,000 in Q2 2019 and from $8,155,000 in Q1 2019 to $8,299,000 in Q2 2019.

Overall, it is difficult to say why Sanoor Capital Management LP decided to sell off its holdings in the companies mentioned above. However, we can speculate that the company may have seen a better investment opportunity elsewhere. It is also important to note that the fund's investment strategy is based on macroeconomic trends and company-specific research. The fund's investment decisions are not based on short-term market conditions or news events.

In conclusion, the changes in the holdings of Sanoor Capital Management LP in the first and second quarters of 2019 show that the fund made significant changes to its investment portfolio. The fund liquidated its entire stake in ICICI Bank Ltd, HDFC Bank Ltd, Amazon.com Inc, Newmont Mining Corp, Agnico Eagle Mines Ltd, Salesforce.com, ServiceNow Inc, PayPal Holdings Inc and DBX ETF TR. The fund increased its holdings in Twilio Inc and Splunk Inc. While it is unclear why Sanoor Capital Management LP sold off its holdings in these companies, it is important to note that the fund's investment strategy is based on in-depth research and analysis. As such, the fund's investment decisions are not based on short-term market conditions or news events.