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 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$38.6M |
| 2 |
Avantor
AVTR
|
+$12.9M |
| 3 |
Netflix
NFLX
|
+$11.4M |
| 4 |
PayPal
PYPL
|
+$10.9M |
| 5 |
Zoom
ZM
|
+$10.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Elastic
ESTC
|
+$1.86M |
| 2 |
ARCE
Arco Platform Limited Class A Common Shares
ARCE
|
+$1.78M |
| 3 |
Simply Good Foods
SMPL
|
+$435K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 34.63% |
| 2 | Healthcare | 10.34% |
| 3 | Financials | 6.46% |
| 4 | Communication Services | 4.12% |
| 5 | Consumer Discretionary | 1.3% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $87.9M | 19.53% |
+300,000
| New | +$86.4M |
|
|
2
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $39.3M | 8.72% |
+134,000
| New | +$38.6M |
|
3
Clarivate
CLVT
$1.33B
| $29.6M | 6.58% |
1,925,000
| – | – |
|
|
XLNX
4
CALL
DELISTED
Xilinx Inc
XLNX
| $23.6M | 5.24% |
+200,000
| New | +$23.3M |
|
5
CALL
Qualcomm
QCOM
$169B
| $22.8M | 5.07% |
+300,000
| New | +$22M |
|
|
AYX
6
DELISTED
Alteryx Inc
AYX
| $14.3M | 3.17% |
130,653
+43,413
| +50% | +$3.95M |
|
|
7
Avantor
AVTR
$9.78B
| $13.8M | 3.07% |
+725,000
| New | +$12.9M |
|
8
Twilio
TWLO
$34.6B
| $13.6M | 3.01% |
99,498
+47,498
| +91% | +$6.32M |
|
9
MongoDB
MDB
$34.7B
| $12.5M | 2.77% |
82,000
+19,700
| +32% | +$2.86M |
|
|
10
Zoom
ZM
$31.5B
| $11.7M | 2.6% |
+131,951
| New | +$10.9M |
|
|
11
Netflix
NFLX
$331B
| $11.6M | 2.57% |
+315,000
| New | +$11.4M |
|
|
12
PayPal
PYPL
$52.7B
| $11.2M | 2.49% |
+98,100
| New | +$10.9M |
|
|
WORK
13
DELISTED
Slack Technologies, Inc.
WORK
| $10.1M | 2.25% |
+270,000
| New | +$9.94M |
|
14
Mastercard
MA
$509B
| $9.65M | 2.15% |
+36,500
| New | +$9.13M |
|
|
GREK
15
Global X MSCI Greece ETF
GREK
$340M
| $9.56M | 2.12% |
+333,333
| New | +$8.63M |
|
16
ServiceNow
NOW
$133B
| $8.76M | 1.95% |
+159,505
| New | +$8.38M |
|
17
Veeva Systems
VEEV
$40.3B
| $8.45M | 1.88% |
+52,144
| New | +$7.6M |
|
18
PagerDuty
PD
$950M
| $7.77M | 1.73% |
+165,185
| New | +$8.02M |
|
19
CrowdStrike
CRWD
$195B
| $7.54M | 1.68% |
+441,600
| New | +$7.51M |
|
20
Walt Disney
DIS
$186B
| $6.98M | 1.55% |
+50,000
| New | +$6.63M |
|
21
IQVIA
IQV
$42.8B
| $6.76M | 1.5% |
+42,000
| New | +$5.89M |
|
22
NVIDIA
NVDA
$5.2T
| $6.57M | 1.46% |
+1,600,000
| New | +$6.63M |
|
|
COUP
23
DELISTED
Coupa Software Incorporated
COUP
| $6.19M | 1.38% |
+48,894
| New | +$5.25M |
|
24
HDFC Bank
HDB
$121B
| $5.9M | 1.31% |
+181,476
| New | +$5.47M |
|
25
Amazon
AMZN
$2.79T
| $5.87M | 1.3% |
62,000
+10,000
| +19% | +$932K |
|
Similar funds
Nehal Chopra's Q2 2019 Portfolio in Review
As of Q2 2019, Nehal Chopra held 43 positions worth $450M, up 541% from $70.3M the previous quarter. Its ten largest holdings account for 60% of the portfolio.
Nehal Chopra deployed $359M of net new capital in Q2 2019, opening 32 new positions and adding to 6 existing holdings. Its largest new stake was State Street SPDR S&P 500 ETF Trust: 134,000 shares worth $39.3M.
By sector, the portfolio is most concentrated in Technology at 35% of assets, down from 86% a quarter earlier, followed by Healthcare and Financials.
On the sell side, the largest reduction was Elastic, an estimated $1.86M trimmed.
- Nehal Chopra's largest Q2 2019 buy was State Street SPDR S&P 500 ETF Trust: 134,000 shares worth $39.3M.
- Nehal Chopra added most to Twilio in Q2 2019, an estimated $6.32M increase.
- Nehal Chopra's biggest Q2 2019 reduction was Elastic, cutting an estimated $1.86M.
- Nehal Chopra fully exited Arco Platform Limited Class A Common Shares in Q2 2019, selling an estimated $1.78M.
- Nehal Chopra's ten largest holdings make up 60% of its $450M portfolio in Q2 2019.
- Nehal Chopra opened 32 new positions and closed 2 in Q2 2019.
- Nehal Chopra's portfolio value rose 541% quarter-over-quarter to $450M.
Based on Ratan Capital Management's 13F filing for Q2 2019, filed 14 Aug 2019.