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 |
Invesco QQQ Trust
QQQ
|
+$23.4M |
| 2 |
Amazon
AMZN
|
+$6.26M |
| 3 |
ServiceNow
NOW
|
+$5.72M |
| 4 |
PayPal
PYPL
|
+$3.38M |
| 5 |
Shift4
FOUR
|
+$3.03M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
MongoDB
MDB
|
+$10.3M |
| 2 |
Cintas
CTAS
|
+$5.19M |
| 3 |
Unity
U
|
+$3.67M |
| 4 |
BILL Holdings
BILL
|
+$2.49M |
| 5 |
Datadog
DDOG
|
+$2.49M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 34.89% |
| 2 | Industrials | 20.97% |
| 3 | Consumer Discretionary | 13.11% |
| 4 | Financials | 3.62% |
| 5 | Healthcare | 2.86% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Invesco QQQ Trust
QQQ
$486B
| $25M | 21.04% |
89,281
+75,481
| +547% | +$23.4M |
|
|
2
Amazon
AMZN
$2.79T
| $14M | 11.77% |
131,800
+50,000
| +61% | +$6.26M |
|
|
3
ServiceNow
NOW
$133B
| $12.6M | 10.57% |
132,190
+60,000
| +83% | +$5.72M |
|
4
Janus International
JBI
$697M
| $11.9M | 10.01% |
1,318,256
| – | – |
|
|
5
Shift4
FOUR
$3.78B
| $9.03M | 7.59% |
273,133
+64,170
| +31% | +$3.03M |
|
6
Microsoft
MSFT
$3.59T
| $8.54M | 7.18% |
33,250
-9,000
| -21% | -$2.44M |
|
|
NVEI
7
DELISTED
Nuvei Corporation Subordinate Voting Shares
NVEI
| $5.97M | 5.02% |
165,000
| – | – |
|
8
Mirion Technologies
MIR
$3.69B
| $5.89M | 4.95% |
1,022,370
| – | – |
|
|
9
Datadog
DDOG
$84.6B
| $4.31M | 3.62% |
45,211
-22,658
| -33% | -$2.49M |
|
|
10
PayPal
PYPL
$52.7B
| $3M | 2.53% |
43,000
+39,000
| +975% | +$3.38M |
|
11
Atlassian
TEAM
$43.5B
| $2.62M | 2.21% |
14,000
-558
| -4% | -$119K |
|
|
XYZ
12
Block Inc
XYZ
$49.4B
| $1.9M | 1.6% |
+30,970
| New | +$2.83M |
|
13
Danaher
DHR
$154B
| $1.65M | 1.39% |
7,332
| – | – |
|
14
Meta Platforms (Facebook)
META
$1.4T
| $1.61M | 1.36% |
10,000
-10,500
| -51% | -$2.03M |
|
|
LUCK
15
Lucky Strike Entertainment
LUCK
$927M
| $1.59M | 1.34% |
+150,542
| New | +$1.6M |
|
|
DAY
16
DELISTED
Dayforce
DAY
| $1.54M | 1.29% |
32,620
| – | – |
|
17
Mastercard
MA
$509B
| $946K | 0.8% |
3,000
| – | – |
|
18
Thermo Fisher Scientific
TMO
$233B
| $924K | 0.78% |
1,700
| – | – |
|
19
Applovin
APP
$102B
| $861K | 0.72% |
+25,000
| New | +$1M |
|
20
IQVIA
IQV
$42.8B
| $834K | 0.7% |
3,842
| – | – |
|
|
MIR.WS
21
DELISTED
Mirion Technologies, Inc. Redeemable Warrants, each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50
MIR.WS
| $737K | 0.62% |
701,820
| – | – |
|
22
Vertiv
VRT
$101B
| $699K | 0.59% |
85,000
| – | – |
|
23
T-Mobile US
TMUS
$196B
| $673K | 0.57% |
5,000
| – | – |
|
24
Keysight
KEYS
$53.8B
| $593K | 0.5% |
4,300
| – | – |
|
25
RTX Corp
RTX
$283B
| $481K | 0.4% |
5,000
| – | – |
|
Similar funds
Nehal Chopra's Q2 2022 Portfolio in Review
As of Q2 2022, Nehal Chopra held 43 positions worth $119M, down 18% from $144M the previous quarter. Its ten largest holdings account for 84% of the portfolio.
Nehal Chopra deployed $13.1M of net new capital in Q2 2022, opening 3 new positions and adding to 5 existing holdings. Its largest new stake was Block Inc: 30,970 shares worth $1.9M.
By sector, the portfolio is most concentrated in Technology at 35% of assets, down from 49% a quarter earlier, followed by Industrials and Consumer Discretionary.
On the sell side, the largest reduction was Datadog, an estimated $2.49M trimmed.
- Nehal Chopra's largest Q2 2022 buy was Block Inc: 30,970 shares worth $1.9M.
- Nehal Chopra added most to Invesco QQQ Trust in Q2 2022, an estimated $23.4M increase.
- Nehal Chopra's biggest Q2 2022 reduction was Datadog, cutting an estimated $2.49M.
- Nehal Chopra fully exited MongoDB in Q2 2022, selling an estimated $10.3M.
- Nehal Chopra's ten largest holdings make up 84% of its $119M portfolio in Q2 2022.
- Nehal Chopra opened 3 new positions and closed 11 in Q2 2022.
- Nehal Chopra's portfolio value fell 18% quarter-over-quarter to $119M.
Based on Ratan Capital Management's 13F filing for Q2 2022, filed 16 Aug 2022.