Nelson Capital Management, LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 7, 2024), Nelson Capital Management, LLC reported 103 stock positions worth $523.1 million. Its top holding was Nvidia (NVDA) at 17.9% of the portfolio, followed by Microsoft (MSFT, 6.0%) and Vanguard Ftse Developed ETF (VEA, 4.2%). Compared with Q4 2023, it opened 14 new positions, sold out of 5, added to 43 and reduced 38. The biggest buy was iShares MSCI Emr MRK Ex Chna (EMXC, shares +103%) and the biggest sale Apple (AAPL, shares −9%).
- Most Recent 13F
- Q2 2026
- Location
- MENLO PARK, CA
- CIK
- 0001512611
- Portfolio Value
- $523.1M (Q1 2024)
- SEC Filing
- 0001085146-24-002281 ↗ filed May 7, 2024
Holdings Value
Holdings 103 stocks · $523.1M
| NVDA Nvidia Corp. | 17.86% | 103,383 | $93.4M | Reduce -4.9% |
| MSFT Microsoft Corp. | 6.04% | 75,082 | $31.6M | Reduce -3.8% |
| VEA Vanguard Ftse Developed ETF | 4.22% | 439,646 | $22.1M | Add +3.8% |
| IGSB iShares 1-5Y Inv Grade Corp. | 3.81% | 389,081 | $20.0M | Reduce -2.8% |
| SPTS SS SPDR P St Term TSY ETF | 3.73% | 675,230 | $19.5M | Add +13.5% |
| VB Vanguard Most SM-Cap ETF-Usd | 3.58% | 81,993 | $18.7M | Add +0.4% |
| XLI SS Industrial Select Sector | 2.99% | 124,068 | $15.6M | Add +0.1% |
| AAPL Apple Inc. | 2.97% | 90,543 | $15.5M | Reduce -9.5% |
| GOOG Alphabet Inc. Class C | 2.64% | 90,676 | $13.8M | Reduce -1.2% |
| AMZN Amazon.com Inc. | 2.15% | 62,432 | $11.3M | Reduce -4.3% |
| EMXC iShares MSCI Emr MRK Ex Chna | 2.12% | 192,569 | $11.1M | Add +103.1% |
| JPM JPMorgan Chase & Co. | 1.71% | 44,638 | $8.9M | Reduce -1.4% |
| XLK SS Technology Select Sector | 1.67% | 41,917 | $8.7M | Add +4.4% |
| QCOM Qualcomm Inc. | 1.65% | 50,979 | $8.6M | Reduce -3.4% |
| PG The Procter & Gamble Co. | 1.54% | 49,786 | $8.1M | Add +8.5% |
| V Visa Inc. Class A | 1.54% | 28,817 | $8.0M | Reduce -0.9% |
| COST Costco Wholesale Corp. | 1.52% | 10,844 | $7.9M | Reduce -4.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.32% | 13,214 | $6.9M | Add +6.6% |
| UNH Unitedhealth Group Inc. | 1.21% | 12,844 | $6.4M | Add +3.1% |
| XOM Exxon Mobil Corp. | 1.21% | 54,646 | $6.4M | Add +7.0% |
| VWO Vanguard Ftse Emerging Marke | 1.21% | 151,052 | $6.3M | Reduce -41.4% |
| LIN Linde PLC | 1.18% | 13,259 | $6.2M | Reduce -2.8% |
| CSCO Cisco Systems Inc. | 1.15% | 120,110 | $6.0M | Add +1.9% |
| CVX Chevron Corp. | 1.13% | 37,331 | $5.9M | Add +9.1% |
| IVV iShares Core S&P 500 ETF | 1.12% | 11,102 | $5.8M | Reduce -45.8% |
| VPU Vanguard Utilities ETF | 1.06% | 38,954 | $5.6M | Add +16.2% |
| ROP Roper Technologies Inc. | 1.03% | 9,630 | $5.4M | Reduce -2.8% |
| AMGN Amgen Inc. | 1.01% | 18,654 | $5.3M | Add +18.4% |
| SHEL Shell PLC-ADR | 1.00% | 77,845 | $5.2M | Reduce -2.5% |
| TMO Thermo Fisher Scientific Inc. | 0.94% | 8,422 | $4.9M | Add +3.7% |
| ABBV Abbvie Inc. | 0.90% | 25,989 | $4.7M | Add +27.3% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.88% | 45,564 | $4.6M | Reduce -0.1% |
| MRK Merck & Co. Inc. | 0.85% | 33,564 | $4.4M | Reduce -2.1% |
| SYK Stryker Corp. | 0.82% | 12,021 | $4.3M | Reduce -1.7% |
| BKNG Booking Holdings Inc. | 0.80% | 1,147 | $4.2M | Reduce -7.9% |
| ADBE Adobe Inc. | 0.78% | 8,114 | $4.1M | Add +114.3% |
| AEM Agnico Eagle Mines Ltd. | 0.77% | 67,218 | $4.0M | Add +1.6% |
| XLRE SS Real Estate Select Sector | 0.73% | 96,280 | $3.8M | Add +18.1% |
| HD Home Depot Inc. | 0.70% | 9,493 | $3.6M | Add +1.8% |
| MDT Medtronic PLC | 0.66% | 39,390 | $3.4M | Add +15.9% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.63% | 13,276 | $3.3M | Add +222.0% |
| MAS Masco Corp. | 0.60% | 39,502 | $3.1M | Reduce -8.3% |
| IHAK iShares Cybersecurity & Tech | 0.58% | 65,189 | $3.1M | New |
| CMCSA Comcast Corp. Class A | 0.58% | 70,333 | $3.0M | Reduce -2.9% |
| XLV SS Health Care Select Sector | 0.56% | 19,898 | $2.9M | Reduce -9.2% |
| EMR Emerson Electric Co. | 0.54% | 25,069 | $2.8M | Add +0.4% |
| XYL Xylem Inc. | 0.53% | 21,405 | $2.8M | Reduce -2.6% |
| GIS General Mills Inc. | 0.53% | 39,377 | $2.8M | Reduce -41.7% |
| SCHW Schwab (charles) Corp. | 0.52% | 37,726 | $2.7M | Add +0.4% |
| SCHF Schwab Intl Equity ETF | 0.52% | 69,777 | $2.7M | Reduce -0.4% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.51% | 22,007 | $2.7M | Add +8.2% |
| CB Chubb Ltd. | 0.48% | 9,666 | $2.5M | Add +3.0% |
| VZ Verizon Communications Inc. | 0.47% | 58,286 | $2.4M | Add +11.5% |
| DEO Diageo PLC-Sponsored ADR | 0.47% | 16,365 | $2.4M | Reduce -11.5% |
| PFE Pfizer Inc. | 0.47% | 87,699 | $2.4M | Add +44.5% |
| INTC Intel Corp. | 0.42% | 49,687 | $2.2M | Reduce -0.5% |
| XLF SS Financial Select Sector | 0.42% | 51,600 | $2.2M | Add +5.7% |
| TEL Te Connectivity Ltd. | 0.41% | 14,870 | $2.2M | Add +27.2% |
| KO The Coca-Cola Co. | 0.41% | 34,751 | $2.1M | Add +18.4% |
| CRM Salesforce Inc. | 0.40% | 6,933 | $2.1M | New |
| XLC SS Comm Select Sector SPDR | 0.39% | 25,154 | $2.1M | Reduce -0.7% |
| JEPI JPMorgan Equity Premium Inco | 0.37% | 33,781 | $2.0M | Add +2.3% |
| XLY SS Consumer Disc Select Sect | 0.37% | 10,518 | $1.9M | Add +0.5% |
| XLP SS Consumer Staples Sel Sect | 0.35% | 24,297 | $1.9M | Add +2.0% |
| XLE SS Energy Select Sector | 0.28% | 15,713 | $1.5M | Reduce -0.2% |
| GLD SPDR Gold Shares | 0.28% | 6,993 | $1.4M | Reduce -3.3% |
| ABNB Airbnb Inc. Class A | 0.27% | 8,664 | $1.4M | Add +6.2% |
| IJR iShares Core S&P Small-Cap E | 0.26% | 12,402 | $1.4M | Reduce -0.9% |
| JPST JPMorgan Ultra-Short Income | 0.25% | 26,099 | $1.3M | Reduce -2.7% |
| INTU Intuit Inc. | 0.24% | 1,965 | $1.3M | No change |
| ORCL Oracle Corp. | 0.23% | 9,417 | $1.2M | Add +10.3% |
| XLB SS Materials Select Sector | 0.19% | 10,762 | $1000K | Reduce -1.8% |
| SCHO Schwab Short-Term US Treas | 0.15% | 16,036 | $773K | Reduce -8.1% |
| JNJ Johnson & Johnson | 0.13% | 4,247 | $672K | Add +0.1% |
| ABT Abbott Laboratories | 0.13% | 5,831 | $663K | Add +59.1% |
| NUE Nucor Corp. | 0.12% | 3,132 | $620K | Reduce -12.8% |
| GOOGL Alphabet Inc. Class A | 0.12% | 4,094 | $618K | Reduce -30.2% |
| PFFD Global X US Preferred ETF | 0.11% | 28,930 | $583K | Add +2.6% |
| PEP Pepsico Inc. | 0.10% | 3,095 | $542K | New |
| BRK.B Berkshire Hathaway Inc. Class B | 0.10% | 1,251 | $526K | Reduce -0.7% |
| META Meta Platforms Inc. Class A | 0.10% | 1,055 | $512K | No change |
| LRCX Lam Research Corp. | 0.08% | 450 | $437K | New |
| CRBU Caribou Biosciences Inc. | 0.08% | 85,020 | $437K | No change |
| QQQ Invesco QQQ Trust Series 1 | 0.07% | 857 | $381K | New |
| WMT Walmart Inc. | 0.07% | 5,922 | $356K | Add +6.8% |
| IWO iShares Russell 2000 Growth | 0.07% | 1,275 | $345K | Add +10.9% |
| NVRI Enviri Corp. | 0.07% | 37,650 | $344K | No change |
| ADP Automatic Data Processing | 0.06% | 1,347 | $336K | Add +17.1% |
| TGT Target Corp. | 0.06% | 1,750 | $310K | New |
| GS Goldman Sachs Group Inc. | 0.06% | 740 | $309K | Reduce -0.8% |
| VTI VG Morningstar TS MKT ETF-US | 0.06% | 1,114 | $290K | No change |
| ENB Enbridge Inc. | 0.06% | 7,987 | $289K | No change |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.05% | 1,395 | $266K | New |
| LLY Eli Lilly & Co. | 0.05% | 326 | $254K | New |
| MCD McDonald's Corp. | 0.05% | 890 | $251K | No change |
| PANW Palo Alto Networks Inc. | 0.04% | 814 | $231K | Add +9.0% |
| CSX CSX Corp. | 0.04% | 6,200 | $230K | No change |
| VOO Vanguard S&P 500 ETF | 0.04% | 471 | $226K | New |
| TXN Texas Instruments Inc. | 0.04% | 1,287 | $224K | New |
| IWM iShares Russell 2000 ETF | 0.04% | 985 | $207K | New |
| VGT Vanguard Info Tech ETF | 0.04% | 394 | $207K | New |
| A Agilent Technologies Inc. | 0.04% | 1,410 | $205K | New |
| NSC Norfolk Southern Corp. | 0.04% | 785 | $200K | New |
Portfolio Sells Q4 2023 → Q1 2024
| AAPL Apple Inc. | Reduce -9.5% | 2.97% | −1.34 |
| VWO Vanguard Ftse Emerging Marke | Reduce -41.4% | 1.21% | −1.16 |
| IVV iShares Core S&P 500 ETF | Reduce -45.8% | 1.12% | −1.07 |
| IGSB iShares 1-5Y Inv Grade Corp. | Reduce -2.8% | 3.81% | −0.78 |
| MSFT Microsoft Corp. | Reduce -3.8% | 6.04% | −0.52 |
| GIS General Mills Inc. | Reduce -41.7% | 0.53% | −0.46 |
| GOOG Alphabet Inc. Class C | Reduce -1.2% | 2.64% | −0.25 |
| BKNG Booking Holdings Inc. | Reduce -7.9% | 0.80% | −0.19 |
| SHEL Shell PLC-ADR | Reduce -2.5% | 1.00% | −0.18 |
| ROP Roper Technologies Inc. | Reduce -2.8% | 1.03% | −0.18 |
| COST Costco Wholesale Corp. | Reduce -4.5% | 1.52% | −0.16 |
| V Visa Inc. Class A | Reduce -0.9% | 1.54% | −0.16 |
| INTC Intel Corp. | Reduce -0.5% | 0.42% | −0.14 |
| DEO Diageo PLC-Sponsored ADR | Reduce -11.5% | 0.47% | −0.14 |
| CMCSA Comcast Corp. Class A | Reduce -2.9% | 0.58% | −0.13 |
| VUSB Vanguard Ultra Short Bond Et | Sold out | 0.00% | −0.11 |
| XLV SS Health Care Select Sector | Reduce -9.2% | 0.56% | −0.11 |
| LIN Linde PLC | Reduce -2.8% | 1.18% | −0.08 |
| TJX TJX Companies Inc. | Reduce -0.1% | 0.88% | −0.07 |
| GOOGL Alphabet Inc. Class A | Reduce -30.2% | 0.12% | −0.07 |
| AMZN Amazon.com Inc. | Reduce -4.3% | 2.15% | −0.06 |
| VCSH Vanguard S/T Corp. Bond ETF | Sold out | 0.00% | −0.06 |
| SCHF Schwab Intl Equity ETF | Reduce -0.4% | 0.52% | −0.06 |
| ZTS Zoetis Inc. | Sold out | 0.00% | −0.06 |
| QCOM Qualcomm Inc. | Reduce -3.4% | 1.65% | −0.06 |
| TSLA Tesla Inc. | Sold out | 0.00% | −0.05 |
| MAS Masco Corp. | Reduce -8.3% | 0.60% | −0.05 |
| JPST JPMorgan Ultra-Short Income | Reduce -2.7% | 0.25% | −0.05 |
| DD Dupont DE Nemours Inc. | Sold out | 0.00% | −0.05 |
| SCHO Schwab Short-Term US Treas | Reduce -8.1% | 0.15% | −0.04 |
| IJR iShares Core S&P Small-Cap E | Reduce -0.9% | 0.26% | −0.04 |
| GLD SPDR Gold Shares | Reduce -3.3% | 0.28% | −0.03 |
| XYL Xylem Inc. | Reduce -2.6% | 0.53% | −0.03 |
| NUE Nucor Corp. | Reduce -12.8% | 0.12% | −0.02 |
| XLC SS Comm Select Sector SPDR | Reduce -0.7% | 0.39% | −0.02 |
| XLB SS Materials Select Sector | Reduce -1.8% | 0.19% | −0.02 |
| JPM JPMorgan Chase & Co. | Reduce -1.4% | 1.71% | −0.01 |
| XLE SS Energy Select Sector | Reduce -0.2% | 0.28% | −0.01 |
| GS Goldman Sachs Group Inc. | Reduce -0.8% | 0.06% | −0.01 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.7% | 0.10% | 0.00 |
| SYK Stryker Corp. | Reduce -1.7% | 0.82% | +0.00 |
| MRK Merck & Co. Inc. | Reduce -2.1% | 0.85% | +0.01 |
| NVDA Nvidia Corp. | Reduce -4.9% | 17.86% | +5.81 |
Portfolio Buys Q4 2023 → Q1 2024
| EMXC iShares MSCI Emr MRK Ex Chna | Add +103.1% | 2.12% | +0.94 |
| IHAK iShares Cybersecurity & Tech | New | 0.58% | +0.58 |
| AJG Arthur J Gallagher & Co. | Add +222.0% | 0.63% | +0.43 |
| CRM Salesforce Inc. | New | 0.40% | +0.40 |
| ADBE Adobe Inc. | Add +114.3% | 0.78% | +0.28 |
| ABBV Abbvie Inc. | Add +27.3% | 0.90% | +0.20 |
| DIS The Walt Disney Co. | Add +8.2% | 0.51% | +0.10 |
| PEP Pepsico Inc. | New | 0.10% | +0.10 |
| LRCX Lam Research Corp. | New | 0.08% | +0.08 |
| PFE Pfizer Inc. | Add +44.5% | 0.47% | +0.07 |
| QQQ Invesco QQQ Trust Series 1 | New | 0.07% | +0.07 |
| XOM Exxon Mobil Corp. | Add +7.0% | 1.21% | +0.07 |
| TGT Target Corp. | New | 0.06% | +0.06 |
| IBM Intl Business Machines Corp. | New | 0.05% | +0.05 |
| LLY Eli Lilly & Co. | New | 0.05% | +0.05 |
| TEL Te Connectivity Ltd. | Add +27.2% | 0.41% | +0.05 |
| VOO Vanguard S&P 500 ETF | New | 0.04% | +0.04 |
| TXN Texas Instruments Inc. | New | 0.04% | +0.04 |
| PG The Procter & Gamble Co. | Add +8.5% | 1.54% | +0.04 |
| IWM iShares Russell 2000 ETF | New | 0.04% | +0.04 |
| VGT Vanguard Info Tech ETF | New | 0.04% | +0.04 |
| A Agilent Technologies Inc. | New | 0.04% | +0.04 |
| NSC Norfolk Southern Corp. | New | 0.04% | +0.04 |
| ABT Abbott Laboratories | Add +59.1% | 0.13% | +0.04 |
| VPU Vanguard Utilities ETF | Add +16.2% | 1.06% | +0.03 |
| MDT Medtronic PLC | Add +15.9% | 0.66% | +0.03 |
| VZ Verizon Communications Inc. | Add +11.5% | 0.47% | +0.03 |
| ORCL Oracle Corp. | Add +10.3% | 0.23% | +0.02 |
| ABNB Airbnb Inc. Class A | Add +6.2% | 0.27% | +0.02 |
| KO The Coca-Cola Co. | Add +18.4% | 0.41% | +0.02 |
| XLF SS Financial Select Sector | Add +5.7% | 0.42% | +0.00 |
| ADP Automatic Data Processing | Add +17.1% | 0.06% | +0.00 |
| CB Chubb Ltd. | Add +3.0% | 0.48% | +0.00 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +6.6% | 1.32% | +0.00 |
| WMT Walmart Inc. | Add +6.8% | 0.07% | +0.00 |
| IWO iShares Russell 2000 Growth | Add +10.9% | 0.07% | +0.00 |
| EMR Emerson Electric Co. | Add +0.4% | 0.54% | −0.00 |
| AMGN Amgen Inc. | Add +18.4% | 1.01% | −0.00 |
| XLRE SS Real Estate Select Sector | Add +18.1% | 0.73% | −0.00 |
| PANW Palo Alto Networks Inc. | Add +9.0% | 0.04% | −0.01 |
| PFFD Global X US Preferred ETF | Add +2.6% | 0.11% | −0.01 |
| CVX Chevron Corp. | Add +9.1% | 1.13% | −0.02 |
| JNJ Johnson & Johnson | Add +0.1% | 0.13% | −0.02 |
| HD Home Depot Inc. | Add +1.8% | 0.70% | −0.03 |
| TMO Thermo Fisher Scientific Inc. | Add +3.7% | 0.94% | −0.03 |
| XLP SS Consumer Staples Sel Sect | Add +2.0% | 0.35% | −0.03 |
| JEPI JPMorgan Equity Premium Inco | Add +2.3% | 0.37% | −0.03 |
| AEM Agnico Eagle Mines Ltd. | Add +1.6% | 0.77% | −0.05 |
| XLY SS Consumer Disc Select Sect | Add +0.5% | 0.37% | −0.05 |
| SCHW Schwab (charles) Corp. | Add +0.4% | 0.52% | −0.06 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 120 | $911.6M | NVDA, VEA, IGSB, XLK, GOOG |
| Q1 2026 | 108 | $819.2M | NVDA, VEA, IGSB, XLK, MSFT |
| Q4 2025 | 107 | $854.6M | NVDA, VEA, IGSB, MSFT, AAPL |
| Q3 2025 | 108 | $839.7M | NVDA, VEA, MSFT, IGSB, AAPL |
| Q2 2025 | 101 | $756.5M | NVDA, MSFT, VEA, IGSB, SPTS |
| Q1 2025 | 101 | $579.0M | NVDA, MSFT, IGSB, VEA, SPTS |
| Q4 2024 | 107 | $602.7M | NVDA, MSFT, AAPL, IGSB, SPTS |
| Q3 2024 | 108 | $593.3M | NVDA, MSFT, VEA, SPTS, AAPL |
| Q2 2024 | 105 | $563.5M | NVDA, MSFT, VEA, SPTS, IGSB |
| Q1 2024 | 103 | $523.1M | NVDA, MSFT, VEA, IGSB, SPTS |