Nehal Chopra’s Ratan Capital Group’s Returns, AUM, and Holdings

The largest new addition to Ratan Capital’s portfolio in the second quarter was Ceridian Hcm Hldg Inc (CDAY), in which the fund acquired a position that was worth around $24.75 million and counted 745,850 shares. The second-largest new stake was in Weight Watchers International Inc (WTW), as the fund acquired 110,951 shares valued at $11.21 million.

Avaya Holdings Corp (AVYA) raised the fund’s enthusiasm during the second quarter, as Ratan boosted its stake in the company by 51% to 1.2 million shares worth $24.07 million on June 30. Netflix Inc (NFLX) also managed to attract a larger investment from Ratan Capital Group, as the fund raised its stake by 46% to 16,100 shares worth $6.30 million.

The fund significantly lowered its stake in Cott Corp (COT) during the second quarter, to 197,700 shares, worth around $3.27 million, which was down by 55% from the start of the quarter. It also reduced its stake in Viavi Solutions Inc (VIAV) by 43% to 1.30 million shares valued at $13.33 million.

Lastly, Ratan Capital said goodbye to 12 stocks during the second quarter, out of which the biggest positions were in NRG Energy, Inc. (NRG) and Vistra Energy Corp (VST), counting 290,922 shares worth around $8.88 million and 356,952 shares valued at $7.44 million, respectively. Interestingly, while Ratan Capital Group decided to dump Vistra Energy Corp (VST) during the second quarter, the smart money investors tracked by Insider Monkey’s database have become more bullish on it, with 43 hedge funds long the stock at the end of June versus 35 at the end of March. Time will tell if Ms. Chopra sold out of that stock too early.

Disclosure: None. This article was originally published on Insider Monkey.