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
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco QQQ Trust
QQQ
|
+$25M |
| 2 |
Shift4
FOUR
|
+$9.4M |
| 3 |
ServiceNow
NOW
|
+$9.11M |
| 4 |
Amazon
AMZN
|
+$7.14M |
| 5 |
NVEI
Nuvei Corporation Subordinate Voting Shares
NVEI
|
+$5.06M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 36.2% |
| 2 | Technology | 20.65% |
| 3 | Consumer Discretionary | 20.17% |
| 4 | Financials | 8.43% |
| 5 | Healthcare | 6.73% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Amazon
AMZN
$2.79T
| $8.51M | 20.17% |
75,300
-56,500
| -43% | -$7.14M |
|
2
Janus International
JBI
$697M
| $7.76M | 18.4% |
870,178
-448,078
| -34% | -$4.54M |
|
3
Mirion Technologies
MIR
$3.69B
| $6M | 14.23% |
803,347
-219,023
| -21% | -$1.54M |
|
4
Microsoft
MSFT
$3.59T
| $3.44M | 8.14% |
14,750
-18,500
| -56% | -$4.88M |
|
|
5
ServiceNow
NOW
$133B
| $2.34M | 5.55% |
31,000
-101,190
| -77% | -$9.11M |
|
6
PayPal
PYPL
$52.7B
| $2.32M | 5.51% |
27,000
-16,000
| -37% | -$1.42M |
|
|
7
Shift4
FOUR
$3.78B
| $2.2M | 5.21% |
49,282
-223,851
| -82% | -$9.4M |
|
8
Danaher
DHR
$154B
| $1.45M | 3.43% |
6,317
-1,015
| -14% | -$248K |
|
9
Meta Platforms (Facebook)
META
$1.4T
| $1.36M | 3.22% |
10,000
| – | – |
|
|
MIR.WS
10
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
| $1.05M | 2.48% |
701,820
| – | – |
|
11
Mastercard
MA
$509B
| $853K | 2.02% |
3,000
| – | – |
|
12
Vertiv
VRT
$101B
| $826K | 1.96% |
85,000
| – | – |
|
13
Thermo Fisher Scientific
TMO
$233B
| $786K | 1.86% |
1,550
-150
| -9% | -$83.9K |
|
14
T-Mobile US
TMUS
$196B
| $671K | 1.59% |
5,000
| – | – |
|
15
IQVIA
IQV
$42.8B
| $605K | 1.43% |
3,342
-500
| -13% | -$110K |
|
16
Keysight
KEYS
$53.8B
| $574K | 1.36% |
3,650
-650
| -15% | -$104K |
|
17
RTX Corp
RTX
$283B
| $409K | 0.97% |
5,000
| – | – |
|
18
HDFC Bank
HDB
$121B
| $380K | 0.9% |
13,000
| – | – |
|
|
NVEI
19
DELISTED
Nuvei Corporation Subordinate Voting Shares
NVEI
| $271K | 0.64% |
10,000
-155,000
| -94% | -$5.06M |
|
20
Walt Disney
DIS
$186B
| $212K | 0.5% |
2,250
| – | – |
|
21
Clarivate
CLVT
$1.33B
| $163K | 0.39% |
17,355
-10,489
| -38% | -$133K |
|
22
Palladyne AI Corp Warrants
PDYNW
$272K
| $7K | 0.02% |
20,407
| – | – |
|
|
AUROW
23
Aurora Innovation Warrant
AUROW
$246M
| $5K | 0.01% |
11,494
| – | – |
|
24
Applovin
APP
$102B
| – | – |
-25,000
| Closed | -$861K |
|
25
Datadog
DDOG
$84.6B
| – | – |
-45,211
| Closed | -$4.31M |
|
Similar funds
Nehal Chopra's Q3 2022 Portfolio in Review
As of Q3 2022, Nehal Chopra held 32 positions worth $42.2M, down 65% from $119M the previous quarter. Its ten largest holdings account for 86% of the portfolio.
Nehal Chopra withdrew a net $81.7M in Q3 2022, closing 9 positions and reducing 13 holdings. Its most notable exit was Invesco QQQ Trust, an estimated $25M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 36% of assets, up from 21% a quarter earlier, followed by Technology and Consumer Discretionary.
- Nehal Chopra's biggest Q3 2022 reduction was Shift4, cutting an estimated $9.4M.
- Nehal Chopra fully exited Invesco QQQ Trust in Q3 2022, selling an estimated $25M.
- Nehal Chopra's ten largest holdings make up 86% of its $42.2M portfolio in Q3 2022.
- Nehal Chopra opened 0 new positions and closed 9 in Q3 2022.
- Nehal Chopra's portfolio value fell 65% quarter-over-quarter to $42.2M.
Based on Ratan Capital Management's 13F filing for Q3 2022, filed 15 Nov 2022.