Arthaya Equity Long-Short: construction and changes at 30 Sep 2026
Key takeaway
Listed equity: 73.13% of NAV, the largest disclosed asset allocation.
Cash equity73.13%(reduced by 0.74 pp)
Top-ten cash equity36.75%(reduced by 5.48 pp)
Cash-equity rows32Prior: 29
AI Brief
What changed
Listed equity: 73.87% to 73.13% (down 0.74 percentage points). Money market: 20.57% to 21.66% (up 1.09 percentage points).
Why it matters
Equity selection is central to this portfolio. Read its sector and company concentrations alongside derivative positioning; the equity weight alone does not measure net market exposure.
What to watch
At the next comparable disclosure, check whether equity weight changes persist and whether overall long and short derivative usage changes on the same measurement basis.
What remains uncertain
Changes in holdings do not establish executed trades or the manager's intent. Derivative percentages cannot be added to asset weights. Missing figures are not zero.
Generated by Codex-authored research rules from this article and its evidence · 8 Oct 2026
OUR READING
SIFprime View
Listed equity leads at 73.13%
Equity selection is central to this portfolio. Read its sector and company concentrations alongside derivative positioning; the equity weight alone does not measure net market exposure.
Explore the evidencePORTFOLIO ALLOCATION
Latest allocation & changes
Compared with 31 Jul 2026 · pp = percentage points
- Listed equity
- 73.13%(reduced by 0.74 pp)
- Money market
- 21.66%(increased by 1.09 pp)
- Cash and net current assets
- 5.21%
Derivative positioning
- Short derivativesFutures reported %
- 75.63%(increased by 60.21 pp)
- Futures · signed totalFutures reported %
- -73.18%
- Options · signed totalOptions valuation %
- 0.41%
Percentages are compared on the same source basis. These measures can overlap and are not added to capital allocation. Contract or short-stock rotations are not treated as company additions or removals.
Only quantified categories are shown. Missing figures are not zero; changes appear only when both disclosures are comparable.
Explore the disclosed holdings
Arthaya Equity Long-Short · 30 Sept 2026
Portfolio sleeves
Listed equitylong
32 disclosed lines
Equity movements vs 31 Jul 2026 · Scroll inside the table to inspect all rows. The page layout stays fixed.
| # | Security / ISIN | Sector / bucket | Weight (% NAV) | Exposure (% NAV) |
|---|---|---|---|---|
| 01 | HDFC Bank Ltd.INE040A01034 · long Increased: 5.37% → 5.70% of NAV | Banks | 5.70% | 5.70% |
| 02 | ICICI Bank Ltd.INE090A01021 · long Reduced: 6.67% → 5.09% of NAV | Banks | 5.09% | 5.09% |
| 03 | Kotak Mahindra Bank Ltd.INE237A01036 · long Increased: 1.12% → 5.03% of NAV | Banks | 5.03% | 5.03% |
| 04 | Axis Bank Ltd.INE238A01034 · long Increased: 3.88% → 3.92% of NAV | Banks | 3.92% | 3.92% |
| 05 | Reliance Industries Ltd.INE002A01018 · long Reduced: 4.79% → 3.90% of NAV | Petroleum Products | 3.90% | 3.90% |
| 06 | Maruti Suzuki India Ltd.INE585B01010 · long Reduced: 4.03% → 2.79% of NAV | Automobiles | 2.79% | 2.79% |
| 07 | Mahindra & Mahindra Ltd.INE101A01026 · long Reduced: 3.08% → 2.70% of NAV | Automobiles | 2.70% | 2.70% |
| 08 | Divi's Laboratories Ltd.INE361B01024 · long Increased: 2.25% → 2.63% of NAV | Pharmaceuticals & Biotechnology | 2.63% | 2.63% |
| 09 | Eternal Ltd.INE758T01015 · long Entries: Newly disclosed compared with the previous portfolio | Retailing | 2.55% | 2.55% |
| 10 | RBL Bank Ltd.INE976G01028 · long Increased: 1.35% → 2.44% of NAV | Banks | 2.44% | 2.44% |
| 11 | State Bank of IndiaINE062A01020 · long Reduced: 3.78% → 2.25% of NAV | Banks | 2.25% | 2.25% |
| 12 | Bajaj Finance Ltd.INE296A01032 · long Reduced: 2.58% → 2.20% of NAV | Finance | 2.20% | 2.20% |
| 13 | Multi Commodity Exchange of India Ltd.INE745G01043 · long Entries: Newly disclosed compared with the previous portfolio | Capital Markets | 2.15% | 2.15% |
| 14 | Hyundai Motor India Ltd.INE0V6F01027 · long Entries: Newly disclosed compared with the previous portfolio | Automobiles | 2.13% | 2.13% |
| 15 | Adani Ports and Special Economic Zone Ltd.INE742F01042 · long Increased: 1.28% → 2.09% of NAV | Transport Infrastructure | 2.09% | 2.09% |
| 16 | Max Healthcare Institute Ltd.INE027H01010 · long Reduced: 3.35% → 1.94% of NAV | Healthcare Services | 1.94% | 1.94% |
| 17 | Persistent Systems Ltd.INE262H01021 · long Entries: Newly disclosed compared with the previous portfolio | IT - Software | 1.91% | 1.91% |
| 18 | Sun Pharmaceutical Industries Ltd.INE044A01036 · long Reduced: 1.94% → 1.89% of NAV | Pharmaceuticals & Biotechnology | 1.89% | 1.89% |
| 19 | BSE Ltd.INE118H01025 · long Entries: Newly disclosed compared with the previous portfolio | Capital Markets | 1.89% | 1.89% |
| 20 | One 97 Communications Ltd.INE982J01020 · long Entries: Newly disclosed compared with the previous portfolio | Financial Technology (Fintech) | 1.86% | 1.86% |
| 21 | AU Small Finance Bank Ltd.INE949L01017 · long Entries: Newly disclosed compared with the previous portfolio | Banks | 1.85% | 1.85% |
| 22 | FSN E-Commerce Ventures Ltd.INE388Y01029 · long Reduced: 2.04% → 1.83% of NAV | Retailing | 1.83% | 1.83% |
| 23 | Delhivery Ltd.INE148O01028 · long Increased: 0.91% → 1.82% of NAV | Transport Services | 1.82% | 1.82% |
| 24 | Hero MotoCorp Ltd.INE158A01026 · long Entries: Newly disclosed compared with the previous portfolio | Automobiles | 1.80% | 1.80% |
| 25 | IDFC First Bank Ltd.INE092T01019 · long Entries: Newly disclosed compared with the previous portfolio | Banks | 1.79% | 1.79% |
| 26 | Tech Mahindra Ltd.INE669C01036 · long Reduced: 1.57% → 1.47% of NAV | IT - Software | 1.47% | 1.47% |
| 27 | Adani Enterprises Ltd.INE423A01024 · long Entries: Newly disclosed compared with the previous portfolio | Metals & Minerals Trading | 0.96% | 0.96% |
| 28 | Dixon Technologies (India) Ltd.INE935N01020 · long Entries: Newly disclosed compared with the previous portfolio | Consumer Durables | 0.95% | 0.95% |
| 29 | Apollo Hospitals Enterprise Ltd.INE437A01024 · long Reduced: 3.46% → 0.94% of NAV | Healthcare Services | 0.94% | 0.94% |
| 30 | Info Edge (India) Ltd.INE663F01032 · long Entries: Newly disclosed compared with the previous portfolio | Retailing | 0.92% | 0.92% |
| 31 | Sagility Ltd.INE0W2G01015 · long Entries: Newly disclosed compared with the previous portfolio | IT - Services | 0.90% | 0.90% |
| 32 | ABB India Ltd.INE117A01022 · long Reduced: 0.96% → 0.84% of NAV | Electrical Equipment | 0.84% | 0.84% |
Exited holdings 10
Present in the previous disclosure, absent from the latest. Excluded from current holdings and sector weights.
| Company | Movement | Previous % NAV |
|---|---|---|
| Bharti Airtel Ltd.INE397D01024 | Exits: 3.82% in the previous disclosure | 3.82% |
| Trent Ltd.INE849A01020 | Exits: 3.06% in the previous disclosure | 3.06% |
| TVS Motor Company Ltd.INE494B01023 | Exits: 2.73% in the previous disclosure | 2.73% |
| Shriram Finance Ltd.INE721A01047 | Exits: 2.41% in the previous disclosure | 2.41% |
| Coforge Ltd.INE591G01025 | Exits: 1.60% in the previous disclosure | 1.60% |
| Hindalco Industries Ltd.INE038A01020 | Exits: 1.54% in the previous disclosure | 1.54% |
| Cipla Ltd.INE059A01026 | Exits: 1.42% in the previous disclosure | 1.42% |
| SBI Life Insurance Co. Ltd.INE123W01016 | Exits: 1.22% in the previous disclosure | 1.22% |
| HDFC Life Insurance Company Ltd.INE795G01014 | Exits: 0.91% in the previous disclosure | 0.91% |
| Bank of BarodaINE028A01039 | Exits: 0.75% in the previous disclosure | 0.75% |
Weight and exposure are separate source fields. Source signs are retained; missing values are unavailable, not zero. Derivative weights do not establish total or unhedged exposure.
The construction in context
- Listed equity: 73.13% of NAV, the largest disclosed asset allocation.
- The statement contains 7 long derivative lines. Long contracts can adjust exposure or form part of a multi-leg strategy; their purpose is not inferred from direction alone.
- The statement contains 36 short derivative lines. Short contracts can serve hedging, arbitrage or directional purposes; their presence alone does not establish a bearish view.
- HDFC Bank Ltd. (5.70% of NAV); ICICI Bank Ltd. (5.09% of NAV); Kotak Mahindra Bank Ltd. (5.03% of NAV).
- Banks represents 28.07% of NAV among the disclosed cash-equity lines. Unclassified sectors are excluded.
Movement between the actual disclosure dates
- Listed equity: 73.87% to 73.13% (down 0.74 percentage points).
- Money market: 20.57% to 21.66% (up 1.09 percentage points).
- Short derivative lines: 15.42% to 75.63% (up 60.21 percentage points).
- 13 equity entries. Largest disclosed weights: Eternal Ltd., Multi Commodity Exchange of India Ltd., Hyundai Motor India Ltd..
- 10 equity exits. Largest previous weights: Bharti Airtel Ltd., Trent Ltd., TVS Motor Company Ltd..
- Kotak Mahindra Bank Ltd.: 1.12% to 5.03% of NAV (increased by 3.91 percentage points).
- Apollo Hospitals Enterprise Ltd.: 3.46% to 0.94% of NAV (reduced by 2.52 percentage points).
- ICICI Bank Ltd.: 6.67% to 5.09% of NAV (reduced by 1.58 percentage points).
- State Bank of India: 3.78% to 2.25% of NAV (reduced by 1.53 percentage points).
- Company changes cover cash equities only. Derivatives and shorts are compared by aggregate percentage on the same measurement basis. The detailed equity table contains every company change.
Reading the strategy
- Equity selection is central to this portfolio. Read its sector and company concentrations alongside derivative positioning; the equity weight alone does not measure net market exposure.
What the evidence can support
- The latest disclosure has partial fields. Missing fields remain unavailable.
- Changes compare disclosed snapshots; they do not identify actual purchases, sales, turnover or returns.
- Derivative percentages are shown separately from asset weights. No combined gross, net-market or delta-adjusted exposure is inferred.
- A strategy interpretation describes what the holdings may imply; only an AMC statement can establish the manager's intent.
- Compared with the preceding compatible disclosure, using its actual dates.
Sources & methodology
How to read this research
- Analysis uses the captured disclosure. Portfolio dates and the report preparation date are shown separately.
- Cash-equity concentration uses long cash-equity weights. Derivatives are measured separately and are not added to allocation weights.
- Changes compare disclosed snapshots; they do not establish trade timing or manager intent. Interpretation is separate from the disclosed facts.