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 |
Janus International
JBI
|
+$41.4M |
| 2 |
Mirion Technologies
MIR
|
+$38.4M |
| 3 |
Snowflake
SNOW
|
+$19.1M |
| 4 |
WBT
Welbilt, Inc.
WBT
|
+$18.6M |
| 5 |
Hydrofarm Holdings
HYFM
|
+$18.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
WPF
Foley Trasimene Acquisition Corp.
WPF
|
+$33.7M |
| 2 |
JIH
Juniper Industrial Holdings, Inc.
JIH
|
+$30.6M |
| 3 |
LMACU
Liberty Media Acquisition Corporation Unit
LMACU
|
+$10.7M |
| 4 |
Twilio
TWLO
|
+$10.4M |
| 5 |
Global Payments
GPN
|
+$9.53M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 31.69% |
| 2 | Industrials | 28.45% |
| 3 | Financials | 12.48% |
| 4 | Consumer Discretionary | 10.21% |
| 5 | Healthcare | 7.51% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Vertiv
VRT
$101B
| $64.2M | 5.56% |
2,351,425
| – | – |
|
2
Amazon
AMZN
$2.79T
| $60.9M | 5.28% |
354,220
+40,000
| +13% | +$6.65M |
|
|
3
Mirion Technologies
MIR
$3.69B
| $43.9M | 3.8% |
4,216,429
+3,735,623
| +777% | +$38.4M |
|
|
4
Janus International
JBI
$697M
| $42.4M | 3.68% |
+3,003,844
| New | +$41.4M |
|
5
Clarivate
CLVT
$1.33B
| $39.2M | 3.39% |
1,423,527
+561,735
| +65% | +$15.4M |
|
6
Microsoft
MSFT
$3.59T
| $37.9M | 3.28% |
139,873
| – | – |
|
7
Meta Platforms (Facebook)
META
$1.4T
| $32M | 2.77% |
92,002
+17,301
| +23% | +$5.55M |
|
8
Mastercard
MA
$509B
| $29M | 2.51% |
79,300
+24,000
| +43% | +$8.92M |
|
9
System1
SST
$16.8M
| $28.5M | 2.47% |
288,350
| – | – |
|
10
Boeing
BA
$169B
| $27.2M | 2.35% |
113,441
+39,400
| +53% | +$9.53M |
|
|
11
Twilio
TWLO
$34.6B
| $25M | 2.17% |
63,537
-30,000
| -32% | -$10.4M |
|
12
ServiceNow
NOW
$133B
| $24.9M | 2.16% |
226,985
-60,325
| -21% | -$6.12M |
|
13
MongoDB
MDB
$34.7B
| $24.2M | 2.1% |
67,003
+25,615
| +62% | +$7.92M |
|
14
RingCentral
RNG
$5.6B
| $24.2M | 2.1% |
83,330
-9,945
| -11% | -$2.84M |
|
15
Atlassian
TEAM
$43.5B
| $23.4M | 2.02% |
91,000
+25,000
| +38% | +$5.85M |
|
|
16
Hydrofarm Holdings
HYFM
$4.92M
| $22.8M | 1.97% |
38,513
+31,483
| +448% | +$18.5M |
|
17
Datadog
DDOG
$84.6B
| $21.4M | 1.86% |
206,050
| – | – |
|
18
Shift4
FOUR
$3.78B
| $21.3M | 1.84% |
226,862
| – | – |
|
|
WBT
19
DELISTED
Welbilt, Inc.
WBT
| $20.3M | 1.76% |
+878,079
| New | +$18.6M |
|
|
20
Snowflake
SNOW
$115B
| $19.8M | 1.72% |
+82,000
| New | +$19.1M |
|
21
Expedia Group
EXPE
$38.6B
| $19.5M | 1.69% |
119,000
+74,000
| +164% | +$12.7M |
|
|
COUP
22
DELISTED
Coupa Software Incorporated
COUP
| $19.1M | 1.66% |
73,000
+12,000
| +20% | +$2.97M |
|
|
DAY
23
DELISTED
Dayforce
DAY
| $18.9M | 1.64% |
197,249
+70,049
| +55% | +$6.33M |
|
24
T-Mobile US
TMUS
$196B
| $18.8M | 1.63% |
129,567
+41,916
| +48% | +$5.78M |
|
25
PayPal
PYPL
$52.7B
| $18.7M | 1.62% |
64,000
| – | – |
|
Similar funds
Nehal Chopra's Q2 2021 Portfolio in Review
As of Q2 2021, Nehal Chopra held 207 positions worth $1.15B, up 27% from $911M the previous quarter. Its ten largest holdings account for 35% of the portfolio.
Nehal Chopra deployed $158M of net new capital in Q2 2021, opening 69 new positions and adding to 17 existing holdings. Its largest new stake was Janus International: 3,003,844 shares worth $42.4M.
By sector, the portfolio is most concentrated in Technology at 32% of assets, up from 30% a quarter earlier, followed by Industrials and Financials.
On the sell side, the largest reduction was Twilio, an estimated $10.4M trimmed.
- Nehal Chopra's largest Q2 2021 buy was Janus International: 3,003,844 shares worth $42.4M.
- Nehal Chopra added most to Mirion Technologies in Q2 2021, an estimated $38.4M increase.
- Nehal Chopra's biggest Q2 2021 reduction was Twilio, cutting an estimated $10.4M.
- Nehal Chopra fully exited Foley Trasimene Acquisition Corp. in Q2 2021, selling an estimated $33.7M.
- Nehal Chopra's ten largest holdings make up 35% of its $1.15B portfolio in Q2 2021.
- Nehal Chopra opened 69 new positions and closed 47 in Q2 2021.
- Nehal Chopra's portfolio value rose 27% quarter-over-quarter to $1.15B.
Based on Ratan Capital Management's 13F filing for Q2 2021, filed 16 Aug 2021.