Nellore Capital Management LLC

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Nellore Capital Management LLC reported 11 stock positions worth $893.3 million. Its top holding was Amazon.com (AMZN) at 26.3% of the portfolio, followed by MercadoLibre (MELI, 14.5%) and Appfolio Class A (APPF, 13.8%). Compared with Q3 2025, it sold out of 3, added to 6 and reduced 2. The biggest buy was Alphabet Class A (GOOGL, shares +56%) and the biggest sale Microsoft (MSFT, shares −24%).

Most Recent 13F
Q2 2026
Location
REDWOOD CITY, CA
CIK
0001846677
Portfolio Value
$893.3M (Q4 2025)
SEC Filing
0001846677-26-000002 ↗ filed Feb 17, 2026

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 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 $893.3M Q4 2025 Q1 2026: $782.6M Q1 2026 Q2 2026: $900.7M Q2 2026

Holdings 11 stocks · $893.3M
AMZN Amazon.com Inc. 26.28% 1,017,000 $234.7M Reduce -0.3%
MELI MercadoLibre Inc. 14.53% 64,455 $129.8M Add +8.4%
APPF Appfolio Inc. Class A 13.80% 529,696 $123.2M Add +11.5%
CPNG Coupang Inc. 11.73% 4,440,975 $104.8M Add +32.5%
VEEV Veeva Systems Inc. Class A 8.26% 330,345 $73.7M Add +6.1%
GOOG Alphabet Inc. Class C 6.80% 193,700 $60.8M No change
GOOGL Alphabet Inc. Class A 6.04% 172,500 $54.0M Add +56.1%
MSFT Microsoft Corp. 5.18% 95,700 $46.3M Reduce -24.5%
DASH DoorDash Inc. Class A 5.10% 201,003 $45.5M No change
TBRG Trubridge Inc. 2.26% 915,034 $20.2M Add +22.5%
TSLA Tesla Inc. 0.03% 500 $225K No change

Portfolio Sells Q3 2025 → Q4 2025
MSFT Microsoft Corp. Reduce -24.5% 5.18% −1.98
SHOP Shopify Inc. Class A Sold out 0.00% −0.67
ZG Zillow Group Inc. Class A Sold out 0.00% −0.55
CWAN Clearwater Analytics HDS-A Sold out 0.00% −0.17
AMZN Amazon.com Inc. Reduce -0.3% 26.28% +1.85

Portfolio Buys Q3 2025 → Q4 2025
GOOGL Alphabet Inc. Class A Add +56.1% 6.04% +3.11
TBRG Trubridge Inc. Add +22.5% 2.26% +0.62
CPNG Coupang Inc. Add +32.5% 11.73% −0.04
APPF Appfolio Inc. Class A Add +11.5% 13.80% −0.49
MELI MercadoLibre Inc. Add +8.4% 14.53% −0.62
VEEV Veeva Systems Inc. Class A Add +6.1% 8.26% −1.86

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