Nelson Capital Management, LLC
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 4, 2024), Nelson Capital Management, LLC reported 108 stock positions worth $593.3 million. Its top holding was Nvidia (NVDA) at 20.6% of the portfolio, followed by Microsoft (MSFT, 5.4%) and Vanguard Ftse Developed ETF (VEA, 4.1%). Compared with Q2 2024, it opened 8 new positions, sold out of 5, added to 63 and reduced 26. The biggest buy was a new position in S&P Global (SPGI) and the biggest sale Alphabet Class C (GOOG, shares −3%).
- Most Recent 13F
- Q2 2026
- Location
- MENLO PARK, CA
- CIK
- 0001512611
- Portfolio Value
- $593.3M (Q3 2024)
- SEC Filing
- 0001085146-24-005339 ↗ filed Nov 4, 2024
Holdings Value
Holdings 108 stocks · $593.3M
| NVDA Nvidia Corp. | 20.63% | 1,007,881 | $122.4M | Add +1.2% |
| MSFT Microsoft Corp. | 5.42% | 74,712 | $32.1M | Add +0.4% |
| VEA Vanguard Ftse Developed ETF | 4.14% | 465,534 | $24.6M | Add +4.4% |
| SPTS SS SPDR P St Term TSY ETF | 3.94% | 795,460 | $23.4M | Add +9.6% |
| AAPL Apple Inc. | 3.86% | 98,209 | $22.9M | Add +1.2% |
| IGSB iShares 1-5Y Inv Grade Corp. | 3.80% | 428,264 | $22.6M | Add +6.7% |
| VB Vanguard Most SM-Cap ETF-Usd | 3.38% | 84,531 | $20.1M | Add +2.6% |
| XLI SS Industrial Select Sector | 2.90% | 127,264 | $17.2M | Add +2.4% |
| GOOG Alphabet Inc. Class C | 2.44% | 86,622 | $14.5M | Reduce -2.8% |
| XLK SS Technology Select Sector | 2.20% | 57,843 | $13.1M | Add +35.6% |
| EMXC iShares MSCI Emr MRK Ex Chna | 2.05% | 199,072 | $12.2M | Add +3.3% |
| AMZN Amazon.com Inc. | 1.96% | 62,533 | $11.7M | Add +1.1% |
| VPU Vanguard Utilities ETF | 1.68% | 57,126 | $9.9M | Add +3.5% |
| JPM JPMorgan Chase & Co. | 1.56% | 43,966 | $9.3M | Reduce -1.0% |
| COST Costco Wholesale Corp. | 1.56% | 10,411 | $9.2M | Reduce -2.8% |
| PG The Procter & Gamble Co. | 1.50% | 51,231 | $8.9M | Add +0.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.41% | 14,588 | $8.4M | Add +3.8% |
| V Visa Inc. Class A | 1.41% | 30,331 | $8.3M | Add +4.3% |
| QCOM Qualcomm Inc. | 1.40% | 48,892 | $8.3M | Add +0.1% |
| VWO Vanguard Ftse Emerging Marke | 1.23% | 152,292 | $7.3M | Add +2.5% |
| IVV iShares Core S&P 500 ETF | 1.22% | 12,597 | $7.3M | Add +1.8% |
| CSCO Cisco Systems Inc. | 1.14% | 126,729 | $6.7M | Add +5.3% |
| LIN Linde PLC | 1.06% | 13,174 | $6.3M | Add +0.1% |
| XOM Exxon Mobil Corp. | 1.01% | 51,012 | $6.0M | Reduce -1.0% |
| UNH Unitedhealth Group Inc. | 0.95% | 9,596 | $5.6M | Reduce -2.6% |
| ROP Roper Technologies Inc. | 0.92% | 9,807 | $5.5M | Add +2.1% |
| AMGN Amgen Inc. | 0.91% | 16,799 | $5.4M | Reduce -7.4% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.90% | 45,313 | $5.3M | Add +0.3% |
| ABBV Abbvie Inc. | 0.85% | 25,682 | $5.1M | Add +1.6% |
| AEM Agnico Eagle Mines Ltd. | 0.85% | 62,293 | $5.0M | Reduce -5.3% |
| SPGI S&P Global Inc. | 0.80% | 9,203 | $4.8M | New |
| TMO Thermo Fisher Scientific Inc. | 0.80% | 7,652 | $4.7M | Reduce -6.4% |
| BKNG Booking Holdings Inc. | 0.79% | 1,118 | $4.7M | Reduce -1.1% |
| CVX Chevron Corp. | 0.78% | 31,442 | $4.6M | Reduce -10.2% |
| XLRE SS Real Estate Select Sector | 0.75% | 99,018 | $4.4M | Add +2.7% |
| SYK Stryker Corp. | 0.73% | 12,065 | $4.4M | Add +1.4% |
| MRK Merck & Co. Inc. | 0.69% | 36,126 | $4.1M | Add +2.6% |
| IHAK iShares Cybersecurity & Tech | 0.65% | 79,646 | $3.9M | Add +10.9% |
| ADBE Adobe Inc. | 0.65% | 7,496 | $3.9M | Reduce -4.0% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.65% | 13,788 | $3.9M | Add +1.8% |
| HD Home Depot Inc. | 0.65% | 9,513 | $3.9M | Add +2.4% |
| MDT Medtronic PLC | 0.61% | 40,079 | $3.6M | Add +3.5% |
| XLV SS Health Care Select Sector | 0.57% | 21,926 | $3.4M | Add +9.4% |
| MAS Masco Corp. | 0.55% | 38,763 | $3.3M | Reduce -0.1% |
| CMCSA Comcast Corp. Class A | 0.51% | 72,264 | $3.0M | Add +2.0% |
| PFE Pfizer Inc. | 0.50% | 102,000 | $3.0M | Add +6.8% |
| CB Chubb Ltd. | 0.48% | 9,950 | $2.9M | Add +1.1% |
| XLF SS Financial Select Sector | 0.47% | 61,776 | $2.8M | Add +15.0% |
| XYL Xylem Inc. | 0.47% | 20,613 | $2.8M | Reduce -0.8% |
| GIS General Mills Inc. | 0.47% | 37,648 | $2.8M | Reduce -0.4% |
| SCHF Schwab Intl Equity ETF | 0.46% | 66,417 | $2.7M | Reduce -0.4% |
| VZ Verizon Communications Inc. | 0.46% | 60,693 | $2.7M | Add +2.0% |
| EMR Emerson Electric Co. | 0.45% | 24,220 | $2.6M | Reduce -2.1% |
| KO The Coca-Cola Co. | 0.43% | 35,654 | $2.6M | Add +1.9% |
| XLC SS Comm Select Sector SPDR | 0.42% | 27,891 | $2.5M | Add +10.3% |
| SCHW Schwab (charles) Corp. | 0.41% | 37,510 | $2.4M | Add +1.5% |
| SHEL Shell PLC-ADR | 0.41% | 36,724 | $2.4M | Add +1.4% |
| XLY SS Consumer Disc Select Sect | 0.40% | 11,704 | $2.3M | Add +9.8% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.37% | 23,063 | $2.2M | Add +6.8% |
| CRM Salesforce Inc. | 0.37% | 8,039 | $2.2M | Add +11.8% |
| XLP SS Consumer Staples Sel Sect | 0.36% | 26,038 | $2.2M | Add +7.6% |
| JEPI JPMorgan Equity Premium Inco | 0.35% | 34,620 | $2.1M | Add +0.8% |
| GLD SPDR Gold Shares | 0.31% | 7,671 | $1.9M | Add +3.0% |
| ORCL Oracle Corp. | 0.28% | 9,836 | $1.7M | Add +6.7% |
| IJR iShares Core S&P Small-Cap E | 0.25% | 12,500 | $1.5M | Add +1.9% |
| XLE SS Energy Select Sector | 0.24% | 16,262 | $1.4M | Add +8.4% |
| JPST JPMorgan Ultra-Short Income | 0.22% | 25,268 | $1.3M | Reduce -2.8% |
| INTU Intuit Inc. | 0.21% | 1,965 | $1.2M | No change |
| XLB SS Materials Select Sector | 0.19% | 11,782 | $1.1M | Add +8.5% |
| JNJ Johnson & Johnson | 0.15% | 5,523 | $895K | No change |
| ABNB Airbnb Inc. Class A | 0.15% | 6,831 | $866K | Reduce -12.1% |
| GOOGL Alphabet Inc. Class A | 0.13% | 4,562 | $757K | Add +13.4% |
| SCHO Schwab Short-Term US Treas | 0.12% | 14,948 | $732K | Reduce -3.5% |
| ABT Abbott Laboratories | 0.11% | 5,848 | $667K | Add +2.9% |
| META Meta Platforms Inc. Class A | 0.11% | 1,108 | $634K | Add +5.0% |
| PFFD Global X US Preferred ETF | 0.10% | 29,975 | $623K | Add +2.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.10% | 1,279 | $589K | Add +2.2% |
| PEP Pepsico Inc. | 0.09% | 3,262 | $555K | Add +9.7% |
| DHS Wisdomtree US High Dividend | 0.08% | 5,275 | $495K | No change |
| VOO Vanguard S&P 500 ETF | 0.08% | 923 | $487K | Add +60.0% |
| NUE Nucor Corp. | 0.08% | 3,132 | $471K | No change |
| WMT Walmart Inc. | 0.08% | 5,666 | $458K | Add +0.9% |
| QQQ Invesco QQQ Trust Series 1 | 0.07% | 857 | $418K | Reduce -0.2% |
| ADP Automatic Data Processing | 0.07% | 1,450 | $401K | Add +7.7% |
| LRCX Lam Research Corp. | 0.06% | 449 | $366K | Reduce -0.2% |
| IWO iShares Russell 2000 Growth | 0.06% | 1,275 | $362K | No change |
| GS Goldman Sachs Group Inc. | 0.06% | 687 | $340K | Reduce -1.9% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.06% | 1,478 | $327K | Add +7.1% |
| NVRI Enviri Corp. | 0.05% | 28,825 | $298K | Reduce -23.4% |
| LLY Eli Lilly & Co. | 0.05% | 326 | $289K | No change |
| AVGO Broadcom Inc. | 0.05% | 1,640 | $283K | New |
| TGT Target Corp. | 0.05% | 1,778 | $277K | Add +1.6% |
| TSLA Tesla Inc. | 0.05% | 1,035 | $271K | Reduce -2.8% |
| MCD McDonald's Corp. | 0.05% | 880 | $268K | Add +8.0% |
| SHY iShares 1-3 Year Treasury Bo | 0.04% | 3,025 | $252K | New |
| PANW Palo Alto Networks Inc. | 0.04% | 712 | $243K | Reduce -7.2% |
| PH Parker Hannifin Corp. | 0.04% | 385 | $243K | New |
| ICLN iShares Global Clean Energy | 0.04% | 16,490 | $242K | No change |
| ENB Enbridge Inc. | 0.04% | 5,930 | $241K | Reduce -25.8% |
| MDLZ Mondelez International Inc. Class A | 0.04% | 3,113 | $229K | Add +0.1% |
Options reported separately and not counted above: SPY puts ($574K).
Other holdings (1): bonds, preferreds, convertibles and warrants · $205K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 160 | $205K | New |
Total filed on the 13F, all lines: $593.6M.
Portfolio Sells Q2 2024 → Q3 2024
| GOOG Alphabet Inc. Class C | Reduce -2.8% | 2.44% | −0.46 |
| TEL Te Connectivity Ltd. | Sold out | 0.00% | −0.40 |
| DEO Diageo PLC-Sponsored ADR | Sold out | 0.00% | −0.36 |
| INTC Intel Corp. | Sold out | 0.00% | −0.28 |
| CVX Chevron Corp. | Reduce -10.2% | 0.78% | −0.19 |
| ADBE Adobe Inc. | Reduce -4.0% | 0.65% | −0.12 |
| AMGN Amgen Inc. | Reduce -7.4% | 0.91% | −0.09 |
| VTI VG Morningstar TS MKT ETF-US | Sold out | 0.00% | −0.07 |
| ABNB Airbnb Inc. Class A | Reduce -12.1% | 0.15% | −0.06 |
| COST Costco Wholesale Corp. | Reduce -2.8% | 1.56% | −0.06 |
| WFC Wells Fargo & Co. | Sold out | 0.00% | −0.06 |
| XOM Exxon Mobil Corp. | Reduce -1.0% | 1.01% | −0.04 |
| EMR Emerson Electric Co. | Reduce -2.1% | 0.45% | −0.04 |
| XYL Xylem Inc. | Reduce -0.8% | 0.47% | −0.03 |
| JPM JPMorgan Chase & Co. | Reduce -1.0% | 1.56% | −0.03 |
| LRCX Lam Research Corp. | Reduce -0.2% | 0.06% | −0.02 |
| JPST JPMorgan Ultra-Short Income | Reduce -2.8% | 0.22% | −0.02 |
| ENB Enbridge Inc. | Reduce -25.8% | 0.04% | −0.01 |
| SCHO Schwab Short-Term US Treas | Reduce -3.5% | 0.12% | −0.01 |
| NVRI Enviri Corp. | Reduce -23.4% | 0.05% | −0.01 |
| PANW Palo Alto Networks Inc. | Reduce -7.2% | 0.04% | −0.01 |
| TMO Thermo Fisher Scientific Inc. | Reduce -6.4% | 0.80% | −0.00 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -0.2% | 0.07% | −0.00 |
| BKNG Booking Holdings Inc. | Reduce -1.1% | 0.79% | −0.00 |
| GS Goldman Sachs Group Inc. | Reduce -1.9% | 0.06% | +0.00 |
| SCHF Schwab Intl Equity ETF | Reduce -0.4% | 0.46% | +0.01 |
| TSLA Tesla Inc. | Reduce -2.8% | 0.05% | +0.01 |
| GIS General Mills Inc. | Reduce -0.4% | 0.47% | +0.04 |
| UNH Unitedhealth Group Inc. | Reduce -2.6% | 0.95% | +0.06 |
| AEM Agnico Eagle Mines Ltd. | Reduce -5.3% | 0.85% | +0.08 |
| MAS Masco Corp. | Reduce -0.1% | 0.55% | +0.09 |
Portfolio Buys Q2 2024 → Q3 2024
| SPGI S&P Global Inc. | New | 0.80% | +0.80 |
| XLK SS Technology Select Sector | Add +35.6% | 2.20% | +0.49 |
| VEA Vanguard Ftse Developed ETF | Add +4.4% | 4.14% | +0.23 |
| AAPL Apple Inc. | Add +1.2% | 3.86% | +0.23 |
| VPU Vanguard Utilities ETF | Add +3.5% | 1.68% | +0.23 |
| SPTS SS SPDR P St Term TSY ETF | Add +9.6% | 3.94% | +0.23 |
| XLI SS Industrial Select Sector | Add +2.4% | 2.90% | +0.22 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +2.6% | 3.38% | +0.19 |
| IGSB iShares 1-5Y Inv Grade Corp. | Add +6.7% | 3.80% | +0.15 |
| CSCO Cisco Systems Inc. | Add +5.3% | 1.14% | +0.12 |
| XLRE SS Real Estate Select Sector | Add +2.7% | 0.75% | +0.09 |
| ABBV Abbvie Inc. | Add +1.6% | 0.85% | +0.09 |
| HD Home Depot Inc. | Add +2.4% | 0.65% | +0.08 |
| XLF SS Financial Select Sector | Add +15.0% | 0.47% | +0.08 |
| VWO Vanguard Ftse Emerging Marke | Add +2.5% | 1.23% | +0.07 |
| IHAK iShares Cybersecurity & Tech | Add +10.9% | 0.65% | +0.07 |
| MDT Medtronic PLC | Add +3.5% | 0.61% | +0.07 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +3.8% | 1.41% | +0.05 |
| ORCL Oracle Corp. | Add +6.7% | 0.28% | +0.05 |
| XLV SS Health Care Select Sector | Add +9.4% | 0.57% | +0.05 |
| V Visa Inc. Class A | Add +4.3% | 1.41% | +0.05 |
| XLY SS Consumer Disc Select Sect | Add +9.8% | 0.40% | +0.05 |
| AVGO Broadcom Inc. | New | 0.05% | +0.05 |
| CRM Salesforce Inc. | Add +11.8% | 0.37% | +0.04 |
| SHY iShares 1-3 Year Treasury Bo | New | 0.04% | +0.04 |
| PH Parker Hannifin Corp. | New | 0.04% | +0.04 |
| XLC SS Comm Select Sector SPDR | Add +10.3% | 0.42% | +0.04 |
| CB Chubb Ltd. | Add +1.1% | 0.48% | +0.04 |
| KO The Coca-Cola Co. | Add +1.9% | 0.43% | +0.04 |
| NEM Newmont Corp. | New | 0.04% | +0.04 |
| A Agilent Technologies Inc. | New | 0.04% | +0.04 |
| XLP SS Consumer Staples Sel Sect | Add +7.6% | 0.36% | +0.04 |
| ZBRA Zebra Technologies Corp. Class A | New | 0.03% | +0.03 |
| LIN Linde PLC | Add +0.1% | 1.06% | +0.03 |
| IWM iShares Russell 2000 ETF | New | 0.03% | +0.03 |
| VOO Vanguard S&P 500 ETF | Add +60.0% | 0.08% | +0.03 |
| AJG Arthur J Gallagher & Co. | Add +1.8% | 0.65% | +0.03 |
| GLD SPDR Gold Shares | Add +3.0% | 0.31% | +0.03 |
| EMXC iShares MSCI Emr MRK Ex Chna | Add +3.3% | 2.05% | +0.03 |
| VZ Verizon Communications Inc. | Add +2.0% | 0.46% | +0.02 |
| IVV iShares Core S&P 500 ETF | Add +1.8% | 1.22% | +0.02 |
| PFE Pfizer Inc. | Add +6.8% | 0.50% | +0.02 |
| XLB SS Materials Select Sector | Add +8.5% | 0.19% | +0.02 |
| CMCSA Comcast Corp. Class A | Add +2.0% | 0.51% | +0.02 |
| SYK Stryker Corp. | Add +1.4% | 0.73% | +0.02 |
| TJX TJX Companies Inc. | Add +0.3% | 0.90% | +0.01 |
| IJR iShares Core S&P Small-Cap E | Add +1.9% | 0.25% | +0.01 |
| IBM Intl Business Machines Corp. | Add +7.1% | 0.06% | +0.01 |
| META Meta Platforms Inc. Class A | Add +5.0% | 0.11% | +0.01 |
| ADP Automatic Data Processing | Add +7.7% | 0.07% | +0.01 |
Options Activity Q2 2024 → Q3 2024
| SPY SS SPDR S&P 500 ETF Trust-US | put | New | 1,000 | $574K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q2 2024 → Q3 2024
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | New | 160 | $205K |
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 | 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 |