Nehal Chopra Ratan Capital Management
Nehal Chopra is the founder of Ratan Capital Management, a concentrated investment firm whose public portfolio is followed for high-conviction equity ideas. The firm’s filings often show a focused set of positions rather than a broad index-like book. Investors track Ratan as an example of a smaller, research-driven manager with differentiated stock selection.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
DAY
Dayforce
DAY
|
+$26.2M |
| 2 |
TSG
The Stars Group Inc.
TSG
|
+$9.92M |
| 3 |
AVYA
Avaya Holdings Corp. Common Stock
AVYA
|
+$8.84M |
| 4 |
WW
WW International
WW
|
+$8.72M |
| 5 |
AVLR
Avalara, Inc.
AVLR
|
+$7.85M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Viavi Solutions
VIAV
|
+$9.63M |
| 2 |
NRG Energy
NRG
|
+$8.88M |
| 3 |
GLIBA
GCI Liberty, Inc. Class A Common Stock (DE)
GLIBA
|
+$7.82M |
| 4 |
Vistra
VST
|
+$7.43M |
| 5 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$7.37M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 47.92% |
| 2 | Communication Services | 16.4% |
| 3 | Consumer Discretionary | 10.75% |
| 4 | Consumer Staples | 10.73% |
| 5 | Healthcare | 3.08% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
DAY
1
DELISTED
Dayforce
DAY
| $24.8M | 11.13% |
+745,850
| New | +$26.2M |
|
|
AVYA
2
DELISTED
Avaya Holdings Corp. Common Stock
AVYA
| $24.1M | 10.83% |
1,198,715
+399,995
| +50% | +$8.84M |
|
3
Simply Good Foods
SMPL
$962M
| $20.6M | 9.25% |
1,425,103
-57,185
| -4% | -$767K |
|
|
4
Viavi Solutions
VIAV
$9.6B
| $13.3M | 5.99% |
1,301,428
-974,123
| -43% | -$9.63M |
|
5
Nutanix
NTNX
$18.3B
| $12M | 5.4% |
232,868
+62,768
| +37% | +$3.45M |
|
|
WW
6
DELISTED
WW International
WW
| $11.2M | 5.04% |
+110,951
| New | +$8.72M |
|
|
TSG
7
DELISTED
The Stars Group Inc.
TSG
| $10.8M | 4.86% |
+297,567
| New | +$9.92M |
|
|
AVLR
8
DELISTED
Avalara, Inc.
AVLR
| $8.8M | 3.96% |
+164,968
| New | +$7.85M |
|
|
DOCU
9
DocuSign
DOCU
$11.8B
| $8M | 3.6% |
+151,000
| New | +$7.62M |
|
|
ZUO
10
DELISTED
Zuora, Inc.
ZUO
| $7.65M | 3.44% |
+281,175
| New | +$6.65M |
|
11
Lowe's Companies
LOW
$121B
| $7.17M | 3.22% |
+75,000
| New | +$6.79M |
|
12
Netflix
NFLX
$331B
| $6.3M | 2.83% |
161,000
+50,000
| +45% | +$1.7M |
|
|
PPLI
13
People Inc
PPLI
$2.86B
| $6.25M | 2.81% |
+229,412
| New | +$6.28M |
|
14
T-Mobile US
TMUS
$196B
| $5.97M | 2.69% |
+100,000
| New | +$5.92M |
|
|
FDC
15
DELISTED
First Data Corporation
FDC
| $5.86M | 2.63% |
+279,795
| New | +$5.19M |
|
16
Meta Platforms (Facebook)
META
$1.4T
| $5.83M | 2.62% |
30,000
| – | – |
|
17
Zscaler
ZS
$29.4B
| $4.93M | 2.22% |
137,834
+8,627
| +7% | +$263K |
|
18
IQVIA
IQV
$42.8B
| $4.79M | 2.15% |
+47,948
| New | +$4.79M |
|
19
Amazon
AMZN
$2.79T
| $4.42M | 1.99% |
52,000
-8,000
| -13% | -$635K |
|
|
I
20
CALL
DELISTED
INTELSAT S. A.
I
| $4.17M | 1.87% |
+250,000
| New | +$3.23M |
|
21
Hilltop Holdings
HTH
$2.22B
| $3.47M | 1.56% |
157,101
| – | – |
|
|
PRMW
22
DELISTED
Primo Water Corporation
PRMW
| $3.27M | 1.47% |
197,700
-232,658
| -54% | -$3.61M |
|
23
Adobe
ADBE
$109B
| $3.02M | 1.36% |
+12,400
| New | +$2.93M |
|
24
ICU Medical
ICUI
$4.57B
| $2.07M | 0.93% |
+7,057
| New | +$1.93M |
|
|
I
25
DELISTED
INTELSAT S. A.
I
| $1.31M | 0.59% |
+78,647
| New | +$1.02M |
|
Similar funds
Nehal Chopra's Q2 2018 Portfolio in Review
As of Q2 2018, Nehal Chopra held 40 positions worth $222M, up 43% from $155M the previous quarter. Its ten largest holdings account for 65% of the portfolio.
Nehal Chopra deployed $45.5M of net new capital in Q2 2018, opening 17 new positions and adding to 4 existing holdings. Its largest new stake was Dayforce: 745,850 shares worth $24.8M.
By sector, the portfolio is most concentrated in Technology at 48% of assets, up from 40% a quarter earlier, followed by Communication Services and Consumer Discretionary.
On the sell side, the largest reduction was Viavi Solutions, an estimated $9.63M trimmed.
- Nehal Chopra's largest Q2 2018 buy was Dayforce: 745,850 shares worth $24.8M.
- Nehal Chopra added most to Avaya Holdings Corp. Common Stock in Q2 2018, an estimated $8.84M increase.
- Nehal Chopra's biggest Q2 2018 reduction was Viavi Solutions, cutting an estimated $9.63M.
- Nehal Chopra fully exited NRG Energy in Q2 2018, selling an estimated $8.88M.
- Nehal Chopra's ten largest holdings make up 65% of its $222M portfolio in Q2 2018.
- Nehal Chopra opened 17 new positions and closed 12 in Q2 2018.
- Nehal Chopra's portfolio value rose 43% quarter-over-quarter to $222M.
Based on Ratan Capital Management's 13F filing for Q2 2018, filed 14 Aug 2018.