It’s great to follow the big names in the hedge fund crowd, and while it’s nice to have a go-to list of hedge funds to keep tabs on after the latest round of 13-F filings drops, I’d argue that it also makes sense to broaden your horizons. Undoubtedly, it’s hard to beat the S&P 500 consistently over time.
But whenever a hedge fund is able to pull well ahead of the crowd, perhaps it’s worth exploring what the top of the pack is up to. In this piece, we’ll look at a highly-underrated investment pro that’s not only clocked in respectable returns, but has outpaced just about every other big name on Wall Street in recent years.
Of course, a past history of outsized gains might not be the formula for alpha moving forward, so investors shouldn’t treat a recent track record as a sign of things to come. That said, it can pay dividends to keep up with new names that may very well be worth adding to your radar of pro money managers.
Enter Nehal Chopra of Ratan Capital Management
In this piece, we’ll look into the portfolio of Nehan Chopra of Ratan Capital Management. Nehan is a star money manager who’s helped her fund achieve a 278% return in the past three years. That comes out to an annualized gain of more than 55% over three years. That’s not just an unsustainable pace of gains, but a very impossibly high bar to pass to stay ahead of the crowd. Either way, Nehal Chopra has been doing something right amid the impressive three-year bull market.
And while the tides could easily turn once the bear takes control of the S&P 500, I think it can’t hurt to see what’s under the hood to see what the winning formula was and whether it has what it takes to continue delivering.
What’s at the core of the Ratan portfolio?
It should come as no surprise to see big tech and Nvidia (NASDAQ:NVDA | NVDA Price Prediction) as top holdings within the fund. Today, Nvidia accounts for just shy of 11% of holdings. As of the fourth quarter of 2025, Chopra and the team have been quite bullish on a number of tech names, adding to positions in Microsoft (NASDAQ:MSFT), which has been in a slump of late, as well as Nvidia and other AI beneficiaries.
It’s not just the big AI winners that are notable holdings in the portfolio, though. High-momentum nuclear energy firm Vistra (NYSE:VST) is a fairly sizable holding and one that might be worth adding to, especially after the latest plunge into a bear market. Boeing (NYSE:BA) is another very interesting name that might have more than a few catalysts up its sleeves.
Indeed, Ratan seems to be making big swings in growth companies that appear to be on sale. As the AI trade takes a breather, my guess is that the dip-buying activity will continue and could help Ratan make the most of tech’s next leg higher.
Of course, if there is a bubble in tech, the tech-heaviness could act as a drag on returns over the next three years. Either way, I think betting on the bottlenecks as well as the relative value across the AI scene could be key to success moving forward. While it might not be easy to buy dips or stay heavily invested in big tech, I do think staying the course is the right way to go.
The bottom line
I have no idea what the near-future holds for the big hedge funds, especially as the growth-to-value rotation plays out and some of the big-tech winners take a shot to the chin. Either way, I must say I’m a fan of the Ratan portfolio makeup and view much of the Q4 buys as bold and opportunistic. Let’s just say I wouldn’t be surprised if the hedge fund continues to excel once big tech is ready to get going again.
For everyday investors, though, don’t copy a smart manager’s moves. In my view, Chopra’s aggressive style and concentration in high-conviction names can work both ways. So do your own homework and, most importantly, take on a level of risk that you’re comfortable with, especially as trading around tech gets tougher.
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