Ratan Capital Management LP
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Ratan Capital Management LP reported 29 stock positions worth $185.3 million. Its top holding was Vistra (VST) at 14.1% of the portfolio, followed by Nvidia (NVDA, 9.3%) and Meta Platforms Class A (META, 8.5%). Compared with Q2 2025, it opened 6 new positions, sold out of 7, added to 4 and reduced 5. The biggest buy was Solventum (SOLV, shares +4176%) and the biggest sale an exit from Vertiv Class A (VRT).
- Most Recent 13F
- Q2 2026
- Location
- MIAMI, FL
- CIK
- 0001566887
- Portfolio Value
- $185.3M (Q3 2025)
- SEC Filing
- 0001566887-25-000008 ↗ filed Nov 14, 2025
Holdings Value
Holdings 29 stocks · $185.3M
| VST Vistra Corp. | 14.13% | 150,076 | $26.2M | Add +91.4% |
| NVDA Nvidia Corp. | 9.27% | 92,093 | $17.2M | No change |
| META Meta Platforms Inc. Class A | 8.51% | 21,474 | $15.8M | Add +4.9% |
| SOLV Solventum Corp. | 8.09% | 205,261 | $15.0M | Add +4176.3% |
| AMZN Amazon.com Inc. | 6.64% | 55,991 | $12.3M | No change |
| FIGR Figure Technology Solut Class A | 5.89% | 300,000 | $10.9M | New |
| SXT Sensient Technologies Corp. | 5.29% | 104,510 | $9.8M | New |
| Bausch Lomb Corp | 5.29% | 650,712 | $9.8M | No change |
| BA The Boeing Co. | 5.01% | 43,000 | $9.3M | Add +1333.3% |
| LION Lionsgate Studios Corp. | 4.93% | 1,324,936 | $9.1M | New |
| AVGO Broadcom Inc. | 4.67% | 26,217 | $8.6M | No change |
| BRCB Black Rock Coffee Bar Inc. Class A | 4.12% | 320,000 | $7.6M | New |
| METC Ramaco Resources Inc. Class A | 3.99% | 222,755 | $7.4M | New |
| FOUR SHIFT4 Payments Inc. Class A | 3.58% | 85,703 | $6.6M | Reduce -43.2% |
| APP AppLovin Corp. Class A | 2.33% | 6,000 | $4.3M | Reduce -89.8% |
| MSFT Microsoft Corp. | 1.28% | 4,589 | $2.4M | Reduce -90.4% |
| U Unity Software Inc. | 1.09% | 50,399 | $2.0M | New |
| MA Mastercard Inc. Class A | 0.95% | 3,100 | $1.8M | No change |
| CRS Carpenter Technology | 0.85% | 6,407 | $1.6M | No change |
| GGAL Grupo Financiero Galicia-ADR | 0.82% | 55,000 | $1.5M | No change |
| DHR Danaher Corp. | 0.60% | 5,600 | $1.1M | No change |
| NOW ServiceNow Inc. | 0.60% | 1,200 | $1.1M | No change |
| KEYS Keysight Technologies Inc. | 0.34% | 3,650 | $638K | No change |
| IQV Iqvia Holdings Inc. | 0.34% | 3,342 | $635K | No change |
| FXI iShares China Large-Cap ETF | 0.33% | 15,000 | $617K | No change |
| TMO Thermo Fisher Scientific Inc. | 0.31% | 1,200 | $582K | Reduce -22.6% |
| SBUX Starbucks Corp. | 0.29% | 6,400 | $541K | Reduce -94.3% |
| HDB HDFC Bank Ltd.-ADR | 0.24% | 13,000 | $444K | No change |
| JBI Janus International Group Inc. | 0.21% | 39,443 | $389K | No change |
Portfolio Sells Q2 2025 → Q3 2025
| VRT Vertiv Holdings Co. Class A | Sold out | 0.00% | −11.63 |
| MSFT Microsoft Corp. | Reduce -90.4% | 1.28% | −7.04 |
| TSLA Tesla Inc. | Sold out | 0.00% | −6.03 |
| IBIT iShares Bitcoin Trust ETF | Sold out | 0.00% | −5.84 |
| APP AppLovin Corp. Class A | Reduce -89.8% | 2.33% | −5.10 |
| SBUX Starbucks Corp. | Reduce -94.3% | 0.29% | −4.83 |
| RTX RTX Corp. | Sold out | 0.00% | −3.71 |
| RUN Sunrun Inc. | Sold out | 0.00% | −3.31 |
| FOUR SHIFT4 Payments Inc. Class A | Reduce -43.2% | 3.58% | −2.11 |
| JANX Janux Therapeutics Inc. | Sold out | 0.00% | −0.53 |
| CRDO Credo Technology Group Holdi | Sold out | 0.00% | −0.53 |
| TMO Thermo Fisher Scientific Inc. | Reduce -22.6% | 0.31% | +0.02 |
Portfolio Buys Q2 2025 → Q3 2025
| SOLV Solventum Corp. | Add +4176.3% | 8.09% | +7.84 |
| VST Vistra Corp. | Add +91.4% | 14.13% | +7.11 |
| FIGR Figure Technology Solut Class A | New | 5.89% | +5.89 |
| SXT Sensient Technologies Corp. | New | 5.29% | +5.29 |
| LION Lionsgate Studios Corp. | New | 4.93% | +4.93 |
| BA The Boeing Co. | Add +1333.3% | 5.01% | +4.76 |
| BRCB Black Rock Coffee Bar Inc. Class A | New | 4.12% | +4.12 |
| METC Ramaco Resources Inc. Class A | New | 3.99% | +3.99 |
| META Meta Platforms Inc. Class A | Add +4.9% | 8.51% | +1.19 |
| U Unity Software Inc. | New | 1.09% | +1.09 |
Options Activity Q2 2025 → Q3 2025
| BA The Boeing Co. | call | Sold out | 80,000 | $1.8Mbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 47 | $309.8M | SIMO, VST, Intel Corp, AMZN, QCOM |
| Q1 2026 | 35 | $269.4M | AMZN, META, NVDA, VST, AVGO |
| Q4 2025 | 38 | $363.5M | NVDA, AMZN, META, APP, MSFT |
| Q3 2025 | 29 | $185.3M | VST, NVDA, META, SOLV, AMZN |
| Q2 2025 | 30 | $216.5M | VRT, MSFT, APP, META, VST |
| Q1 2025 | 32 | $310.0M | META, NVDA, AMZN, VRT, VST |
| Q4 2024 | 39 | $652.0M | NVDA, TSLA, VRT, MSFT, AMZN |
| Q3 2024 | 32 | $371.0M | NVDA, VRT, VST, MSFT, AMZN |
| Q2 2024 | 33 | $324.1M | NVDA, VRT, VST, AMZN, CEG |
| Q1 2024 | 36 | $184.4M | VRT, AMZN, NVDA, META, MSFT |