Ratan Capital Management LP

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 14, 2024), Ratan Capital Management LP reported 36 stock positions worth $184.4 million. Its top holding was Vertiv Class A (VRT) at 20.1% of the portfolio, followed by Amazon.com (AMZN, 9.7%) and Nvidia (NVDA, 8.3%). Compared with Q4 2023, it opened 17 new positions, sold out of 22, added to 5 and reduced 9. The biggest buy was Vertiv Class A (VRT, shares +5%) and the biggest sale an exit from Boeing (BA).

Most Recent 13F
Q2 2026
Location
MIAMI, FL
CIK
0001566887
Portfolio Value
$184.4M (Q1 2024)
SEC Filing
0001566887-24-000006 ↗ filed May 14, 2024

Holdings Value

0$200.0M$400.0M$600.0M$800.0M Q1 2024: $184.4M $184.4M Q1 2024 Q2 2024: $324.1M Q2 2024 Q3 2024: $371.0M Q3 2024 Q4 2024: $652.0M Q4 2024 Q1 2025: $310.0M Q1 2025 Q2 2025: $216.5M Q2 2025 Q3 2025: $185.3M Q3 2025 Q4 2025: $363.5M Q4 2025 Q1 2026: $269.4M Q1 2026 Q2 2026: $309.8M Q2 2026

Holdings 36 stocks · $184.4M
VRT Vertiv Holdings Co. Class A 20.10% 453,779 $37.1M Add +4.6%
AMZN Amazon.com Inc. 9.69% 99,005 $17.9M Add +21.3%
NVDA Nvidia Corp. 8.26% 16,860 $15.2M Reduce -12.5%
META Meta Platforms Inc. Class A 7.57% 28,742 $14.0M Add +68.0%
MSFT Microsoft Corp. 7.36% 32,265 $13.6M Add +22.8%
FOUR SHIFT4 Payments Inc. Class A 4.91% 136,883 $9.0M Add +93.1%
MRVL Marvell Technology Inc. 3.50% 91,050 $6.5M New
NOW ServiceNow Inc. 3.15% 7,622 $5.8M Reduce -16.4%
VST Vistra Corp. 3.02% 80,000 $5.6M New
JBI Janus International Group Inc. 3.00% 366,068 $5.5M Reduce -46.9%
DHR Danaher Corp. 2.93% 21,600 $5.4M Reduce -15.6%
LLY Eli Lilly & Co. 2.74% 6,500 $5.1M New
IQV Iqvia Holdings Inc. 2.43% 17,742 $4.5M Reduce -16.9%
TMO Thermo Fisher Scientific Inc. 2.22% 7,050 $4.1M Reduce -15.6%
AVGO Broadcom Inc. 2.16% 3,000 $4.0M New
DELL Dell Technologies -C 1.86% 30,000 $3.4M New
NVO Novo-Nordisk A/S-Spons ADR 1.56% 22,400 $2.9M New
CEG Constellation Energy 1.50% 15,000 $2.8M New
DDOG Datadog Inc. Class A 1.41% 21,100 $2.6M New
MDB Mongodb Inc. 1.39% 7,132 $2.6M Reduce -5.3%
YPF YPF S.A.-Sponsored ADR filed as YPF SOCIEDAD ANONIMA 1.18% 110,000 $2.2M New
BLCO Bausch + Lomb Corp. 1.14% 121,471 $2.1M No change
AMD Advanced Micro Devices 0.94% 9,600 $1.7M Reduce -48.0%
MA Mastercard Inc. Class A 0.81% 3,100 $1.5M No change
TTWO Take-Two Interactive Softwre 0.80% 9,945 $1.5M Reduce -61.1%
LLAP Terran Orbital Corp. 0.79% 1,106,704 $1.4M New
ARM Arm Holdings PLC-ADR 0.68% 10,000 $1.2M New
OCUL Ocular Therapeutix Inc. 0.57% 115,000 $1.0M New
DYN Dyne Therapeutics Inc. 0.45% 29,000 $823K New
JANX Janux Therapeutics Inc. 0.41% 20,000 $753K New
KEYS Keysight Technologies Inc. 0.31% 3,650 $570K No change
ORIC Oric Pharmaceuticals Inc. 0.30% 40,000 $550K New
GGAL Grupo Financiero Galicia-ADR 0.28% 20,230 $514K New
RTX RTX Corp. 0.26% 5,000 $488K No change
HDB HDFC Bank Ltd.-ADR 0.20% 6,500 $364K No change
ABCL Abcellera Biologics Inc. 0.12% 47,265 $214K New
Other holdings (3): bonds, preferreds, convertibles and warrants · $3.7M (not counted above)
SecurityClassShares / PrincipalValueChange
FANNIE MAE (FNMA V8.25 PERP S) Preferred Stock 400,000$1.6MNew
MIR.WS Mirion Technologies Inc.-CW25 *W EXP 10/20/202 701,820$1.6MNo change
FREDDIE MAC (FMCC V8.375 PERP Z) PFD 150,000$567KNew

Total filed on the 13F, all lines: $188.1M.

Portfolio Sells Q4 2023 → Q1 2024
BA The Boeing Co. Sold out 0.00% −3.73
GS Goldman Sachs Group Inc. Sold out 0.00% −3.18
JBI Janus International Group Inc. Reduce -46.9% 3.00% −2.92
TEAM Atlassian Corp. Class A Sold out 0.00% −2.71
XYZ Block Inc. Sold out 0.00% −2.28
TTWO Take-Two Interactive Softwre Reduce -61.1% 0.80% −1.91
QQQ Invesco QQQ Trust Series 1 Sold out 0.00% −1.43
SHOP Shopify Inc. Class A Sold out 0.00% −1.40
SGI Somnigroup International Inc. Sold out 0.00% −1.34
MS Morgan Stanley Sold out 0.00% −1.29
CZR Caesars Entertainment Inc. Sold out 0.00% −1.24
OSCR Oscar Health Inc. Class A Sold out 0.00% −1.22
BAC Bank of America Corp. Sold out 0.00% −1.22
NOW ServiceNow Inc. Reduce -16.4% 3.15% −1.09
DHR Danaher Corp. Reduce -15.6% 2.93% −0.98
DLO Dlocal Ltd. Sold out 0.00% −0.93
AMD Advanced Micro Devices Reduce -48.0% 0.94% −0.85
Z Zillow Group Inc. Class C Sold out 0.00% −0.84
IQV Iqvia Holdings Inc. Reduce -16.9% 2.43% −0.82
MTSI Macom Technology Solutions H Sold out 0.00% −0.71
TMO Thermo Fisher Scientific Inc. Reduce -15.6% 2.22% −0.70
EYPT Eyepoint Inc. Sold out 0.00% −0.69
MDB Mongodb Inc. Reduce -5.3% 1.39% −0.64
BECN Beacon Roofing Supply Inc. Sold out 0.00% −0.63
JELD Jeld-Wen Holding Inc. Sold out 0.00% −0.62
BLD Topbuild Corp. Sold out 0.00% −0.62
RBLX Roblox Corp. Class A Sold out 0.00% −0.60
DOOR Masonite International Corp. Sold out 0.00% −0.56
FDX FedEx Corp. Sold out 0.00% −0.55
VLTO Veralto Corp. Sold out 0.00% −0.10
NVDA Nvidia Corp. Reduce -12.5% 8.26% +1.98

Portfolio Buys Q4 2023 → Q1 2024
VRT Vertiv Holdings Co. Class A Add +4.6% 20.10% +6.37
META Meta Platforms Inc. Class A Add +68.0% 7.57% +3.58
MRVL Marvell Technology Inc. New 3.50% +3.50
VST Vistra Corp. New 3.02% +3.02
LLY Eli Lilly & Co. New 2.74% +2.74
AVGO Broadcom Inc. New 2.16% +2.16
DELL Dell Technologies -C New 1.86% +1.86
NVO Novo-Nordisk A/S-Spons ADR New 1.56% +1.56
AMZN Amazon.com Inc. Add +21.3% 9.69% +1.52
CEG Constellation Energy New 1.50% +1.50
FOUR SHIFT4 Payments Inc. Class A Add +93.1% 4.91% +1.43
DDOG Datadog Inc. Class A New 1.41% +1.41
YPF YPF S.A.-Sponsored ADR New 1.18% +1.18
MSFT Microsoft Corp. Add +22.8% 7.36% +0.86
LLAP Terran Orbital Corp. New 0.79% +0.79
ARM Arm Holdings PLC-ADR New 0.68% +0.68
OCUL Ocular Therapeutix Inc. New 0.57% +0.57
DYN Dyne Therapeutics Inc. New 0.45% +0.45
JANX Janux Therapeutics Inc. New 0.41% +0.41
ORIC Oric Pharmaceuticals Inc. New 0.30% +0.30
GGAL Grupo Financiero Galicia-ADR New 0.28% +0.28
ABCL Abcellera Biologics Inc. New 0.12% +0.12

Notes & Other Activity Q4 2023 → Q1 2024
FANNIE MAE (FNMA V8.25 PERP S) Preferred Stock New 400,000 $1.6M
FREDDIE MAC (FMCC V8.375 PERP Z) PFD New 150,000 $567K

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 47$309.8MSIMO, VST, Intel Corp, AMZN, QCOM
Q1 2026 35$269.4MAMZN, META, NVDA, VST, AVGO
Q4 2025 38$363.5MNVDA, AMZN, META, APP, MSFT
Q3 2025 29$185.3MVST, NVDA, META, SOLV, AMZN
Q2 2025 30$216.5MVRT, MSFT, APP, META, VST
Q1 2025 32$310.0MMETA, NVDA, AMZN, VRT, VST
Q4 2024 39$652.0MNVDA, TSLA, VRT, MSFT, AMZN
Q3 2024 32$371.0MNVDA, VRT, VST, MSFT, AMZN
Q2 2024 33$324.1MNVDA, VRT, VST, AMZN, CEG
Q1 2024 36$184.4MVRT, AMZN, NVDA, META, MSFT