Nellore Capital Management LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Nellore Capital Management LLC reported 14 stock positions worth $916.8 million. Its top holding was Amazon.com (AMZN) at 24.4% of the portfolio, followed by MercadoLibre (MELI, 15.2%) and Appfolio Class A (APPF, 14.3%). Compared with Q2 2025, it opened 1 new position, added to 3 and reduced 6. The biggest buy was Coupang (CPNG, shares +5%) and the biggest sale MercadoLibre (MELI, shares −6%).
- Most Recent 13F
- Q2 2026
- Location
- REDWOOD CITY, CA
- CIK
- 0001846677
- Portfolio Value
- $916.8M (Q3 2025)
- SEC Filing
- 0001846677-25-000007 ↗ filed Nov 14, 2025
Holdings Value
Holdings 14 stocks · $916.8M
| AMZN Amazon.com Inc. | 24.43% | 1,020,000 | $224.0M | Add +3.5% |
| MELI MercadoLibre Inc. | 15.15% | 59,455 | $138.9M | Reduce -6.4% |
| APPF Appfolio Inc. Class A | 14.28% | 474,964 | $130.9M | Reduce -6.3% |
| CPNG Coupang Inc. | 11.77% | 3,351,575 | $107.9M | Add +4.7% |
| VEEV Veeva Systems Inc. Class A | 10.12% | 311,345 | $92.8M | No change |
| MSFT Microsoft Corp. | 7.16% | 126,700 | $65.6M | Reduce -7.0% |
| DASH DoorDash Inc. Class A | 5.96% | 201,003 | $54.7M | Reduce -11.7% |
| GOOG Alphabet Inc. Class C | 5.15% | 193,700 | $47.2M | No change |
| GOOGL Alphabet Inc. Class A | 2.93% | 110,500 | $26.9M | No change |
| TBRG Trubridge Inc. | 1.64% | 747,032 | $15.1M | Add +9.2% |
| SHOP Shopify Inc. Class A | 0.67% | 41,590 | $6.2M | No change |
| ZG Zillow Group Inc. Class A | 0.55% | 67,232 | $5.0M | Reduce -27.1% |
| CWAN Clearwater Analytics HDS-A | 0.17% | 85,110 | $1.5M | Reduce -25.7% |
| TSLA Tesla Inc. | 0.02% | 500 | $222K | New |
Portfolio Sells Q2 2025 → Q3 2025
| MELI MercadoLibre Inc. | Reduce -6.4% | 15.15% | −3.46 |
| MSFT Microsoft Corp. | Reduce -7.0% | 7.16% | −0.44 |
| DASH DoorDash Inc. Class A | Reduce -11.7% | 5.96% | −0.33 |
| ZG Zillow Group Inc. Class A | Reduce -27.1% | 0.55% | −0.16 |
| CWAN Clearwater Analytics HDS-A | Reduce -25.7% | 0.17% | −0.11 |
| APPF Appfolio Inc. Class A | Reduce -6.3% | 14.28% | +1.19 |
Portfolio Buys Q2 2025 → Q3 2025
Notes & Other Activity Q2 2025 → Q3 2025
| SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) | NOTE 0.500% 8/0 · principal | Sold out | 1 | $2before exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
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 |