Nellore Capital Management LLC

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Nellore Capital Management LLC reported 12 stock positions worth $647.2 million. Its top holding was Amazon.com (AMZN) at 21.7% of the portfolio, followed by Salesforce (CRM, 12.0%) and MercadoLibre (MELI, 11.8%). Compared with Q4 2023, it opened 1 new position, added to 2 and reduced 4. The biggest buy was a new position in JSC Kaspi.kz ADR (KSPI) and the biggest sale Salesforce (CRM, shares −24%).

Most Recent 13F
Q2 2026
Location
REDWOOD CITY, CA
CIK
0001846677
Portfolio Value
$647.2M (Q1 2024)
SEC Filing
0001846677-24-000002 ↗ filed May 15, 2024

Holdings Value

0$200.0M$400.0M$600.0M$800.0M$1.0B Q1 2024: $647.2M $647.2M Q1 2024 Q2 2024: $663.0M Q2 2024 Q3 2024: $733.6M Q3 2024 Q4 2024: $765.4M Q4 2024 Q1 2025: $734.8M Q1 2025 Q2 2025: $891.8M Q2 2025 Q3 2025: $916.8M Q3 2025 Q4 2025: $893.3M Q4 2025 Q1 2026: $782.6M Q1 2026 Q2 2026: $900.7M Q2 2026

Holdings 12 stocks · $647.2M
AMZN Amazon.com Inc. 21.69% 778,126 $140.4M Reduce -2.5%
CRM Salesforce Inc. 12.03% 258,439 $77.8M Reduce -23.6%
MELI MercadoLibre Inc. 11.83% 50,637 $76.6M No change
MSFT Microsoft Corp. 11.60% 178,500 $75.1M Reduce -14.0%
APPF Appfolio Inc. Class A 10.62% 278,627 $68.7M No change
VEEV Veeva Systems Inc. Class A 8.06% 225,178 $52.2M No change
CPNG Coupang Inc. 5.50% 2,000,075 $35.6M Add +454.9%
GOOG Alphabet Inc. Class C 5.22% 221,700 $33.8M No change
KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC 4.76% 250,119 $30.8M New
DASH DoorDash Inc. Class A 4.52% 212,443 $29.3M Reduce -8.6%
GOOGL Alphabet Inc. Class A 2.22% 95,000 $14.3M No change
ENFN Enfusion Inc. Class A 1.97% 1,378,303 $12.7M Add +24.4%

Portfolio Sells Q4 2023 → Q1 2024
CRM Salesforce Inc. Reduce -23.6% 12.03% −4.36
MSFT Microsoft Corp. Reduce -14.0% 11.60% −2.75
AMZN Amazon.com Inc. Reduce -2.5% 21.69% −0.62
DASH DoorDash Inc. Class A Reduce -8.6% 4.52% +0.29

Portfolio Buys Q4 2023 → Q1 2024
KSPI JSC Kaspi.kz ADR New 4.76% +4.76
CPNG Coupang Inc. Add +454.9% 5.50% +4.42
ENFN Enfusion Inc. Class A Add +24.4% 1.97% −0.01

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 10$900.7MAMZN, MELI, APPF, GOOGL, VEEV
Q1 2026 11$782.6MAMZN, MELI, APPF, VEEV, GOOGL
Q4 2025 11$893.3MAMZN, MELI, APPF, CPNG, VEEV
Q3 2025 14$916.8MAMZN, MELI, APPF, CPNG, VEEV
Q2 2025 13$891.8MAMZN, MELI, APPF, CPNG, VEEV
Q1 2025 15$734.8MAMZN, MELI, APPF, VEEV, CPNG
Q4 2024 16$765.4MAMZN, MELI, APPF, VEEV, CPNG
Q3 2024 15$733.6MAMZN, MELI, APPF, CPNG, MSFT
Q2 2024 13$663.0MAMZN, MELI, MSFT, APPF, CRM
Q1 2024 12$647.2MAMZN, CRM, MELI, MSFT, APPF