Nellore Capital Management LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Nellore Capital Management LLC reported 13 stock positions worth $891.8 million. Its top holding was Amazon.com (AMZN) at 24.2% of the portfolio, followed by MercadoLibre (MELI, 18.6%) and Appfolio Class A (APPF, 13.1%). Compared with Q1 2025, it opened 1 new position, sold out of 3, added to 5 and reduced 6. The biggest buy was Coupang (CPNG, shares +8%) and the biggest sale an exit from Salesforce (CRM).
- Most Recent 13F
- Q2 2026
- Location
- REDWOOD CITY, CA
- CIK
- 0001846677
- Portfolio Value
- $891.8M (Q2 2025)
- SEC Filing
- 0001846677-25-000004 ↗ filed Aug 14, 2025
Holdings Value
Holdings 13 stocks · $891.8M
| AMZN Amazon.com Inc. | 24.23% | 985,000 | $216.1M | Add +4.8% |
| MELI MercadoLibre Inc. | 18.61% | 63,508 | $166.0M | Reduce -3.0% |
| APPF Appfolio Inc. Class A | 13.09% | 506,892 | $116.7M | Add +25.9% |
| CPNG Coupang Inc. | 10.76% | 3,201,575 | $95.9M | Add +7.7% |
| VEEV Veeva Systems Inc. Class A | 10.05% | 311,345 | $89.7M | Reduce -8.8% |
| MSFT Microsoft Corp. | 7.60% | 136,200 | $67.7M | Reduce -9.9% |
| DASH DoorDash Inc. Class A | 6.30% | 227,743 | $56.1M | Reduce -8.1% |
| GOOG Alphabet Inc. Class C | 3.85% | 193,700 | $34.4M | Reduce -1.3% |
| GOOGL Alphabet Inc. Class A | 2.18% | 110,500 | $19.5M | Reduce -6.4% |
| TBRG Trubridge Inc. | 1.80% | 683,921 | $16.0M | Add +215.3% |
| ZG Zillow Group Inc. Class A | 0.71% | 92,232 | $6.3M | Add +99.2% |
| SHOP Shopify Inc. Class A | 0.54% | 41,590 | $4.8M | No change |
| CWAN Clearwater Analytics HDS-A | 0.28% | 114,517 | $2.5M | 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: $891.8M.
Portfolio Sells Q1 2025 → Q2 2025
| CRM Salesforce Inc. | Sold out | 0.00% | −2.77 |
| ENFN Enfusion Inc. Class A | Sold out | 0.00% | −1.32 |
| VEEV Veeva Systems Inc. Class A | Reduce -8.8% | 10.05% | −0.71 |
| GOOG Alphabet Inc. Class C | Reduce -1.3% | 3.85% | −0.32 |
| GOOGL Alphabet Inc. Class A | Reduce -6.4% | 2.18% | −0.30 |
| TSLA Tesla Inc. | Sold out | 0.00% | −0.18 |
| MSFT Microsoft Corp. | Reduce -9.9% | 7.60% | −0.13 |
| DASH DoorDash Inc. Class A | Reduce -8.1% | 6.30% | +0.13 |
| MELI MercadoLibre Inc. | Reduce -3.0% | 18.61% | +1.22 |
Portfolio Buys Q1 2025 → Q2 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 |