Nellore Capital Management LLC

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Nellore Capital Management LLC reported 15 stock positions worth $733.6 million. Its top holding was Amazon.com (AMZN) at 22.2% of the portfolio, followed by MercadoLibre (MELI, 15.8%) and Appfolio Class A (APPF, 10.1%). Compared with Q2 2024, it opened 2 new positions, added to 8 and reduced 3. The biggest buy was MercadoLibre (MELI, shares +3%) and the biggest sale Microsoft (MSFT, shares −17%).

Most Recent 13F
Q2 2026
Location
REDWOOD CITY, CA
CIK
0001846677
Portfolio Value
$733.6M (Q3 2024)
SEC Filing
0001846677-24-000006 ↗ filed Nov 14, 2024

Holdings Value

0$200.0M$400.0M$600.0M$800.0M$1.0B Q1 2024: $647.2M Q1 2024 Q2 2024: $663.0M Q2 2024 Q3 2024: $733.6M $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 15 stocks · $733.6M
AMZN Amazon.com Inc. 22.18% 873,326 $162.7M Add +10.4%
MELI MercadoLibre Inc. 15.81% 56,508 $116.0M Add +3.3%
APPF Appfolio Inc. Class A 10.06% 313,619 $73.8M Add +12.2%
CPNG Coupang Inc. 9.36% 2,797,235 $68.7M Add +19.2%
MSFT Microsoft Corp. 8.69% 148,200 $63.8M Reduce -16.8%
CRM Salesforce Inc. 8.52% 228,439 $62.5M Reduce -11.6%
VEEV Veeva Systems Inc. Class A 6.51% 227,631 $47.8M Add +16.6%
GOOG Alphabet Inc. Class C 4.60% 201,700 $33.7M No change
DASH DoorDash Inc. Class A 4.43% 227,743 $32.5M Add +4.8%
GOOGL Alphabet Inc. Class A 3.30% 146,000 $24.2M Add +62.2%
ENFN Enfusion Inc. Class A 2.65% 2,076,968 $19.4M Add +15.4%
KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC 2.17% 150,119 $15.9M No change
WDAY Workday Inc. Class A 1.01% 30,240 $7.4M Reduce -25.8%
SHOP Shopify Inc. Class A 0.45% 41,590 $3.3M New
NCNO Ncino Inc. 0.26% 60,000 $1.9M New
Other holdings (1): bonds, preferreds, convertibles and warrants · $206K (not counted above)
SecurityClassShares / PrincipalValueChange
SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) NOTE 0.500% 8/0 · principal 1$206KNew

Total filed on the 13F, all lines: $733.8M.

Portfolio Sells Q2 2024 → Q3 2024
MSFT Microsoft Corp. Reduce -16.8% 8.69% −3.32
CRM Salesforce Inc. Reduce -11.6% 8.52% −1.50
WDAY Workday Inc. Class A Reduce -25.8% 1.01% −0.37

Portfolio Buys Q2 2024 → Q3 2024
MELI MercadoLibre Inc. Add +3.3% 15.81% +2.24
CPNG Coupang Inc. Add +19.2% 9.36% +1.95
VEEV Veeva Systems Inc. Class A Add +16.6% 6.51% +1.12
DASH DoorDash Inc. Class A Add +4.8% 4.43% +0.87
GOOGL Alphabet Inc. Class A Add +62.2% 3.30% +0.83
SHOP Shopify Inc. Class A New 0.45% +0.45
ENFN Enfusion Inc. Class A Add +15.4% 2.65% +0.33
NCNO Ncino Inc. New 0.26% +0.26
APPF Appfolio Inc. Class A Add +12.2% 10.06% −0.25
AMZN Amazon.com Inc. Add +10.4% 22.18% −0.89

Notes & Other Activity Q2 2024 → Q3 2024
SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) NOTE 0.500% 8/0 · principal New 1 $206K

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

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