Nellore Capital Management LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Nellore Capital Management LLC reported 16 stock positions worth $765.4 million. Its top holding was Amazon.com (AMZN) at 23.5% of the portfolio, followed by MercadoLibre (MELI, 14.6%) and Appfolio Class A (APPF, 12.0%). Compared with Q3 2024, it opened 2 new positions, sold out of 1, added to 5 and reduced 5. The biggest buy was Veeva Systems Class A (VEEV, shares +50%) and the biggest sale Salesforce (CRM, shares −53%).
- Most Recent 13F
- Q2 2026
- Location
- REDWOOD CITY, CA
- CIK
- 0001846677
- Portfolio Value
- $765.4M (Q4 2024)
- SEC Filing
- 0001846677-25-000002 ↗ filed Feb 14, 2025
Holdings Value
Holdings 16 stocks · $765.4M
| AMZN Amazon.com Inc. | 23.51% | 820,000 | $179.9M | Reduce -6.1% |
| MELI MercadoLibre Inc. | 14.55% | 65,508 | $111.4M | Add +15.9% |
| APPF Appfolio Inc. Class A | 11.99% | 371,934 | $91.8M | Add +18.6% |
| VEEV Veeva Systems Inc. Class A | 9.38% | 341,345 | $71.8M | Add +50.0% |
| CPNG Coupang Inc. | 8.54% | 2,971,981 | $65.3M | Add +6.3% |
| MSFT Microsoft Corp. | 8.16% | 148,200 | $62.5M | No change |
| GOOG Alphabet Inc. Class C | 5.02% | 201,700 | $38.4M | No change |
| DASH DoorDash Inc. Class A | 4.99% | 227,743 | $38.2M | No change |
| CRM Salesforce Inc. | 4.68% | 107,062 | $35.8M | Reduce -53.1% |
| GOOGL Alphabet Inc. Class A | 3.98% | 161,000 | $30.5M | Add +10.3% |
| KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC | 1.73% | 140,119 | $13.3M | Reduce -6.7% |
| ENFN Enfusion Inc. Class A | 1.17% | 868,085 | $8.9M | Reduce -58.2% |
| ZG Zillow Group Inc. Class A | 0.89% | 96,300 | $6.8M | New |
| WDAY Workday Inc. Class A | 0.68% | 20,240 | $5.2M | Reduce -33.1% |
| SHOP Shopify Inc. Class A | 0.58% | 41,590 | $4.4M | No change |
| MNDY Monday.com Ltd. | 0.15% | 5,000 | $1.2M | New |
Other holdings (1): bonds, preferreds, convertibles and warrants · $216K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) | NOTE 0.500% 8/0 · principal | 1 | $216K | No change |
Total filed on the 13F, all lines: $765.6M.
Portfolio Sells Q3 2024 → Q4 2024
Portfolio Buys Q3 2024 → Q4 2024
| VEEV Veeva Systems Inc. Class A | Add +50.0% | 9.38% | +2.87 |
| APPF Appfolio Inc. Class A | Add +18.6% | 11.99% | +1.93 |
| ZG Zillow Group Inc. Class A | New | 0.89% | +0.89 |
| GOOGL Alphabet Inc. Class A | Add +10.3% | 3.98% | +0.68 |
| MNDY Monday.com Ltd. | New | 0.15% | +0.15 |
| CPNG Coupang Inc. | Add +6.3% | 8.54% | −0.83 |
| MELI MercadoLibre Inc. | Add +15.9% | 14.55% | −1.25 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 10 | $900.7M | AMZN, MELI, APPF, GOOGL, VEEV |
| Q1 2026 | 11 | $782.6M | AMZN, MELI, APPF, VEEV, GOOGL |
| Q4 2025 | 11 | $893.3M | AMZN, MELI, APPF, CPNG, VEEV |
| Q3 2025 | 14 | $916.8M | AMZN, MELI, APPF, CPNG, VEEV |
| Q2 2025 | 13 | $891.8M | AMZN, MELI, APPF, CPNG, VEEV |
| Q1 2025 | 15 | $734.8M | AMZN, MELI, APPF, VEEV, CPNG |
| Q4 2024 | 16 | $765.4M | AMZN, MELI, APPF, VEEV, CPNG |
| Q3 2024 | 15 | $733.6M | AMZN, MELI, APPF, CPNG, MSFT |
| Q2 2024 | 13 | $663.0M | AMZN, MELI, MSFT, APPF, CRM |
| Q1 2024 | 12 | $647.2M | AMZN, CRM, MELI, MSFT, APPF |