Nellore Capital Management LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Nellore Capital Management LLC reported 15 stock positions worth $734.8 million. Its top holding was Amazon.com (AMZN) at 24.3% of the portfolio, followed by MercadoLibre (MELI, 17.4%) and Appfolio Class A (APPF, 12.1%). Compared with Q4 2024, it opened 2 new positions, sold out of 3, added to 4 and reduced 4. The biggest buy was DoorDash Class A (DASH, shares +9%) and the biggest sale Salesforce (CRM, shares −29%).
- Most Recent 13F
- Q2 2026
- Location
- REDWOOD CITY, CA
- CIK
- 0001846677
- Portfolio Value
- $734.8M (Q1 2025)
- SEC Filing
- 0001769202-25-000003 ↗ filed May 15, 2025
Holdings Value
Holdings 15 stocks · $734.8M
| AMZN Amazon.com Inc. | 24.34% | 940,000 | $178.8M | Add +14.6% |
| MELI MercadoLibre Inc. | 17.39% | 65,508 | $127.8M | No change |
| APPF Appfolio Inc. Class A | 12.05% | 402,739 | $88.6M | Add +8.3% |
| VEEV Veeva Systems Inc. Class A | 10.76% | 341,345 | $79.1M | No change |
| CPNG Coupang Inc. | 8.87% | 2,971,981 | $65.2M | No change |
| MSFT Microsoft Corp. | 7.72% | 151,200 | $56.8M | Add +2.0% |
| DASH DoorDash Inc. Class A | 6.16% | 247,743 | $45.3M | Add +8.8% |
| GOOG Alphabet Inc. Class C | 4.17% | 196,200 | $30.7M | Reduce -2.7% |
| CRM Salesforce Inc. | 2.77% | 75,968 | $20.4M | Reduce -29.0% |
| GOOGL Alphabet Inc. Class A | 2.48% | 118,000 | $18.2M | Reduce -26.7% |
| ENFN Enfusion Inc. Class A | 1.32% | 868,085 | $9.7M | No change |
| TBRG Trubridge Inc. | 0.81% | 216,905 | $6.0M | New |
| SHOP Shopify Inc. Class A | 0.54% | 41,590 | $4.0M | No change |
| ZG Zillow Group Inc. Class A | 0.42% | 46,300 | $3.1M | Reduce -51.9% |
| TSLA Tesla Inc. | 0.18% | 5,000 | $1.3M | New |
Other holdings (1): bonds, preferreds, convertibles and warrants · $2 (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 | $2 | No change |
Total filed on the 13F, all lines: $734.8M.
Portfolio Sells Q4 2024 → Q1 2025
| CRM Salesforce Inc. | Reduce -29.0% | 2.77% | −1.90 |
| KSPI JSC Kaspi.kz ADR | Sold out | 0.00% | −1.73 |
| GOOGL Alphabet Inc. Class A | Reduce -26.7% | 2.48% | −1.50 |
| GOOG Alphabet Inc. Class C | Reduce -2.7% | 4.17% | −0.85 |
| WDAY Workday Inc. Class A | Sold out | 0.00% | −0.68 |
| ZG Zillow Group Inc. Class A | Reduce -51.9% | 0.42% | −0.47 |
| MNDY Monday.com Ltd. | Sold out | 0.00% | −0.15 |
Portfolio Buys Q4 2024 → Q1 2025
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 |