Top Changes in Holdings of Soma Equity Partners LP Q3 2022 vs. Q4 2022

As the world continues to bounce back from the pandemic, stock markets are finally beginning to show signs of life again. Investors and funds alike are once again turning towards equities to secure robust and steady returns. One such fund is Soma Equity Partners LP, which has recently released its Q3 2022 and Q4 2022 13F holdings comparison. In this blog post, we will examine some of the top changes in the fund's portfolio during that period.

NETFLIX INC

In Q3 2022, Soma Equity Partners LP held 700,000 shares of Netflix worth $164,808,000. However, in Q4 2022, the fund sold 50,000 shares, reducing its holdings to 650,000 shares worth $191,672,000. While this represents a drop in the number of shares held, the value of those shares increased by 16.3%.

UBER TECHNOLOGIES INC

Soma Equity Partners LP was holding 7,000,000 shares in Uber Technologies Inc worth $185,500,000 as of Q3 2022. In Q4 2022, the fund reduced its holdings to 6,500,000 shares worth $160,745,000. This 13.3% decrease in the number of shares held reflects a lower degree of confidence in the company's future prospects.

OKTA INC

Okta Inc was not a part of Soma Equity Partners LP's holdings in Q3 2022 but became a part of the portfolio in Q4 2022, with 1,625,000 shares worth $111,036,000. This substantial investment in the identity management solutions provider signals the fund's interest and confidence in the company's growth potential.

WARNER MUSIC GROUP CORP

Soma Equity Partners LP owned 4,200,000 shares of Warner Music Group Corp worth $97,482,000, as of Q3 2022. In Q4 2022, the fund reduced its holdings to 2,987,620 shares worth $104,626,000. Despite the reduction in the number of shares held, the value of the remaining shares increased by 7.3%.

AMAZON COM INC

Soma Equity Partners LP owned 1,100,000 shares of Amazon worth $124,300,000 in Q3 2022. In Q4 2022, the fund increased its holdings to 1,250,000 shares. However, the value of those shares decreased, resulting in a net loss of 15.5%.

DATADOG INC

Soma Equity Partners LP added 150,000 shares of Datadog Inc to its portfolio, bringing its total number of shares to 700,000 worth $51,450,000. This 5.4% increase in holdings reflects the fund's continued interest in the cloud monitoring platform provider.

ROBLOX CORP

Soma Equity Partners LP increased its holdings of Roblox Corp in Q4 2022, owning 2,750,000 shares worth $78,265,000, compared to 2,500,000 shares worth $89,600,000 in Q3 2022. However, the shift in value resulted in a net loss of 12.7%.

In conclusion, Soma Equity Partners LP made several changes to its portfolio in Q3 2022 and Q4 2022. The fund sold shares in several companies while investing in others, indicating its changing perspective on the market and individual companies. Investors should always consider the potential risks and benefits of following a particular fund's lead before making any investment decisions.