Ratan Capital Management LP

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Ratan Capital Management LP reported 32 stock positions worth $371.0 million. Its top holding was Nvidia (NVDA) at 16.2% of the portfolio, followed by Vertiv Class A (VRT, 14.9%) and Vistra (VST, 9.9%). Compared with Q2 2024, it opened 7 new positions, sold out of 8, added to 8 and reduced 8. The biggest buy was a new position in Starbucks (SBUX) and the biggest sale an exit from Constellation Energy (CEG).

Most Recent 13F
Q2 2026
Location
MIAMI, FL
CIK
0001566887
Portfolio Value
$371.0M (Q3 2024)
SEC Filing
0001566887-24-000008 ↗ filed Nov 14, 2024

Holdings Value

0$200.0M$400.0M$600.0M$800.0M Q1 2024: $184.4M Q1 2024 Q2 2024: $324.1M Q2 2024 Q3 2024: $371.0M $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 32 stocks · $371.0M
NVDA Nvidia Corp. 16.24% 496,110 $60.2M Add +11.2%
VRT Vertiv Holdings Co. Class A 14.94% 557,085 $55.4M Reduce -1.3%
VST Vistra Corp. 9.94% 311,100 $36.9M Add +20.9%
MSFT Microsoft Corp. 7.90% 68,155 $29.3M Add +78.1%
AMZN Amazon.com Inc. 7.78% 154,942 $28.9M Add +35.9%
META Meta Platforms Inc. Class A 4.75% 30,806 $17.6M Add +7.2%
CRS Carpenter Technology 3.85% 89,519 $14.3M No change
SBUX Starbucks Corp. 3.31% 126,004 $12.3M New
AVGO Broadcom Inc. 3.07% 66,005 $11.4M New
LLY Eli Lilly & Co. 2.87% 12,000 $10.6M Add +50.0%
DHR Danaher Corp. 2.82% 37,600 $10.5M Add +74.1%
JD Jd.com Inc.-ADR 2.46% 228,000 $9.1M New
TSM Taiwan Semiconductor-SP ADR 2.38% 50,948 $8.8M New
DYN Dyne Therapeutics Inc. 2.24% 230,900 $8.3M No change
BABA Alibaba Group Holding-SP ADR 2.00% 70,000 $7.4M New
NOW ServiceNow Inc. 1.84% 7,622 $6.8M No change
FOUR SHIFT4 Payments Inc. Class A 1.69% 70,902 $6.3M Reduce -39.3%
ARM Arm Holdings PLC-ADR 1.62% 42,099 $6.0M Add +55.4%
BLCO Bausch + Lomb Corp. 1.12% 215,154 $4.2M Reduce -2.9%
COHR Coherent Corp. 1.05% 44,000 $3.9M New
FSLR First Solar Inc. 1.01% 15,000 $3.7M No change
IQV Iqvia Holdings Inc. 0.92% 14,400 $3.4M Reduce -18.8%
TMO Thermo Fisher Scientific Inc. 0.92% 5,500 $3.4M Reduce -22.0%
JBI Janus International Group Inc. 0.88% 322,354 $3.3M Reduce -11.0%
PDD PDD Holdings Inc. 0.62% 17,000 $2.3M New
DDOG Datadog Inc. Class A 0.61% 19,649 $2.3M Reduce -60.5%
MA Mastercard Inc. Class A 0.37% 3,100 $1.4M No change
JANX Janux Therapeutics Inc. 0.35% 28,800 $1.3M Reduce -72.8%
RTX RTX Corp. 0.14% 5,000 $502K No change
KEYS Keysight Technologies Inc. 0.13% 3,650 $499K No change
HDB HDFC Bank Ltd.-ADR 0.11% 6,500 $418K No change
SOLV Solventum Corp. 0.07% 4,800 $254K No change

Options reported separately and not counted above: META calls ($8K), CRS calls ($8K), Amazon.com Inc calls ($3K).

Portfolio Sells Q2 2024 → Q3 2024
CEG Constellation Energy Sold out 0.00% −6.21
DELL Dell Technologies -C Sold out 0.00% −6.14
ASML ASML Holding NV-NY Reg SHS Sold out 0.00% −2.08
WDC Western Digital Corp. Sold out 0.00% −1.87
DDOG Datadog Inc. Class A Reduce -60.5% 0.61% −1.38
JANX Janux Therapeutics Inc. Reduce -72.8% 0.35% −1.01
FOUR SHIFT4 Payments Inc. Class A Reduce -39.3% 1.69% −0.95
AMD Advanced Micro Devices Sold out 0.00% −0.94
JBI Janus International Group Inc. Reduce -11.0% 0.88% −0.72
TTWO Take-Two Interactive Softwre Sold out 0.00% −0.48
MDB Mongodb Inc. Sold out 0.00% −0.43
MRVL Marvell Technology Inc. Sold out 0.00% −0.43
TMO Thermo Fisher Scientific Inc. Reduce -22.0% 0.92% −0.29
IQV Iqvia Holdings Inc. Reduce -18.8% 0.92% −0.24
VRT Vertiv Holdings Co. Class A Reduce -1.3% 14.94% −0.14
BLCO Bausch + Lomb Corp. Reduce -2.9% 1.12% +0.13

Portfolio Buys Q2 2024 → Q3 2024
SBUX Starbucks Corp. New 3.31% +3.31
AVGO Broadcom Inc. New 3.07% +3.07
VST Vistra Corp. Add +20.9% 9.94% +2.92
MSFT Microsoft Corp. Add +78.1% 7.90% +2.63
JD Jd.com Inc.-ADR New 2.46% +2.46
TSM Taiwan Semiconductor-SP ADR New 2.38% +2.38
BABA Alibaba Group Holding-SP ADR New 2.00% +2.00
DHR Danaher Corp. Add +74.1% 2.82% +1.15
COHR Coherent Corp. New 1.05% +1.05
AMZN Amazon.com Inc. Add +35.9% 7.78% +0.98
LLY Eli Lilly & Co. Add +50.0% 2.87% +0.63
PDD PDD Holdings Inc. New 0.62% +0.62
META Meta Platforms Inc. Class A Add +7.2% 4.75% +0.28
ARM Arm Holdings PLC-ADR Add +55.4% 1.62% +0.25
NVDA Nvidia Corp. Add +11.2% 16.24% −0.76

Options Activity Q2 2024 → Q3 2024
VST Vistra Corp. call Sold out 2,100 $2.8Mbefore exit
CRS Carpenter Technology call New 174 $8K
Amazon.com Inc call New 1,700 $3K

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

Notes & Other Activity Q2 2024 → Q3 2024
FANNIE MAE (FNMA V8.25 PERP S) Preferred Stock Sold out 400,000 $2.1Mbefore exit
FREDDIE MAC (FMCC V8.375 PERP Z) PFD Sold out 150,000 $720Kbefore exit

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