Shift4 Payments, Inc.
MX ˙ BMV ˙ US82452J1097
SecurityMX:FOUR / Shift4 Payments, Inc.
InstitutionRatan Capital Management LP
Latest Disclosed Ownership45,640 shares
Latest Disclosed Value $ 1,995,837
Ratan Capital Management LP reports 46.75% decrease in ownership of FOUR / Shift4 Payments, Inc.

On May 14, 2026 - Ratan Capital Management LP filed a 13F-HR form disclosing ownership of 45,640 shares of Shift4 Payments, Inc. (MX:FOUR) valued at $1,995,837 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 12, 2026 disclosing 85,703 shares of Shift4 Payments, Inc.. This represents a change in shares of -46.75% during the quarter.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-14 2026-03-31 13F Shift4 Payments CL A 82452J109 45,640 -40,063 -46.75 1,996 -56.59 0.6750
2026-02-12 2025-12-31 13F Shift4 Payments CL A 82452J109 85,703 0 0.00 4,597 -30.71 1.2645
2025-11-14 2025-09-30 13F Shift4 Payments CL A 82452J109 85,703 -65,199 -43.21 6,633 -46.20 3.5801
2025-08-14 2025-06-30 13F Shift4 Payments CL A 82452J109 150,902 0 0.00 12,330 0.00 5.6465
2025-05-14 2025-03-31 13F Shift4 Payments CL A 82452J109 150,902 80,000 112.83 12,330 58.42 3.9780
2025-02-14 2024-12-31 13F Shift4 Payments CL A 82452J109 70,902 0 0.00 7,784 23.91 1.1938
2024-11-14 2024-09-30 13F Shift4 Payments CL A 82452J109 70,902 -45,981 -39.34 6,282 -26.74 1.6931
2024-08-14 2024-06-30 13F Shift4 Payments CL A 82452J109 116,883 -20,000 -14.61 8,573 -5.20 2.5954
2024-05-14 2024-03-31 13F Shift4 Payments CL A 82452J109 136,883 65,981 93.06 9,044 71.59 4.8082
2024-02-14 2023-12-31 13F Shift4 Payments CL A 82452J109 70,902 -32,800 -31.63 5,271 105,300.00 3.4407
2023-11-14 2023-09-30 13F SHIFT4 PMTS CL A 82452J109 103,702 82,727 394.41 6 400.00 4.3467
2023-08-15 2023-06-30 13F SHIFT4 PMTS CL A 82452J109 20,975 0 0.00 1 0.00 1.9700
2023-05-15 2023-03-31 13F SHIFT4 PMTS CL A 82452J109 20,975 -109,908 -83.97 2 -85.71 4.2266
2023-02-14 2022-12-31 13F SHIFT4 PMTS CL A 82452J109 130,883 81,601 165.58 7 -99.68 5.0925
2022-11-15 2022-09-30 13F SHIFT4 PMTS CL A 82452J109 49,282 -223,851 -81.96 2,198 -75.66 5.2109
2022-08-16 2022-06-30 13F SHIFT4 PMTS CL A 82452J109 273,133 64,170 30.71 9,030 -30.22 7.5925
2022-05-16 2022-03-31 13F SHIFT4 PMTS CL A 82452J109 208,963 -208,616 -49.96 12,941 -46.50 8.9757
2022-02-14 2021-12-31 13F SHIFT4 PMTS CL A 82452J109 417,579 88,442 26.87 24,190 -5.19 3.6908
2021-11-15 2021-09-30 13F SHIFT4 PMTS CL A 82452J109 329,137 102,275 45.08 25,515 20.00 3.2964
2021-08-16 2021-06-30 13F SHIFT4 PMTS CL A 82452J109 226,862 0 0.00 21,262 14.28 1.8417
2021-05-21 2021-03-31 13F SHIFT4 PMTS CL A 82452J109 226,862 7,500 3.42 18,605 12.48 2.0416
2021-02-17 2020-12-31 13F/A-1 SHIFT4 PMTS CL A 82452J109 219,362 0 0.00 16,540 55.92 1.9316
2021-02-16 2020-12-31 13F SHIFT4 PMTS CL A 82452J109 219,362 0 16,540 1,931,552.5058
2020-11-16 2020-09-30 13F SHIFT4 PMTS CL A 82452J109 219,362 -32,139 -12.78 10,608 18.82 1.5645
2020-08-14 2020-06-30 13F SHIFT4 PMTS CL A 82452J109 251,501 251,501 8,928 2.9836
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.