Nelson Capital Management, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 6, 2025), Nelson Capital Management, LLC reported 101 stock positions worth $579.0 million. Its top holding was Nvidia (NVDA) at 19.3% of the portfolio, followed by Microsoft (MSFT, 4.6%) and iShares 1-5Y Inv Grade (IGSB, 4.6%). Compared with Q4 2024, it opened 2 new positions, sold out of 8, added to 45 and reduced 42. The biggest buy was iShares 1-5Y Inv Grade (IGSB, shares +11%) and the biggest sale Microsoft (MSFT, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- MENLO PARK, CA
- CIK
- 0001512611
- Portfolio Value
- $579.0M (Q1 2025)
- SEC Filing
- 0001085146-25-002617 ↗ filed May 6, 2025
Holdings Value
Holdings 101 stocks · $579.0M
| NVDA Nvidia Corp. | 19.27% | 1,029,559 | $111.6M | Add +2.1% |
| MSFT Microsoft Corp. | 4.63% | 71,452 | $26.8M | Reduce -1.6% |
| IGSB iShares 1-5Y Inv Grade Corp. | 4.63% | 511,597 | $26.8M | Add +11.5% |
| VEA Vanguard Ftse Developed ETF | 4.28% | 487,916 | $24.8M | Add +3.8% |
| SPTS SS SPDR P St Term TSY ETF | 4.08% | 808,053 | $23.6M | Add +3.4% |
| AAPL Apple Inc. | 3.82% | 99,531 | $22.1M | Reduce -0.4% |
| VB Vanguard Most SM-Cap ETF-Usd | 3.20% | 83,557 | $18.5M | Add +2.4% |
| XLI SS Industrial Select Sector | 2.96% | 130,547 | $17.1M | Add +3.0% |
| XLK SS Technology Select Sector | 2.30% | 64,462 | $13.3M | Add +7.8% |
| GOOG Alphabet Inc. Class C | 2.25% | 83,387 | $13.0M | Reduce -0.8% |
| AMZN Amazon.com Inc. | 2.02% | 61,574 | $11.7M | Add +1.1% |
| EMXC iShares MSCI Emr MRK Ex Chna | 1.99% | 208,736 | $11.5M | Add +3.7% |
| V Visa Inc. Class A | 1.82% | 30,136 | $10.6M | Add +1.3% |
| JPM JPMorgan Chase & Co. | 1.77% | 41,838 | $10.3M | Reduce -0.3% |
| VPU Vanguard Utilities ETF | 1.72% | 58,326 | $10.0M | Add +2.4% |
| COST Costco Wholesale Corp. | 1.62% | 9,919 | $9.4M | Add +0.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.50% | 15,534 | $8.7M | Reduce -0.5% |
| PG The Procter & Gamble Co. | 1.45% | 49,136 | $8.4M | Reduce -0.3% |
| CSCO Cisco Systems Inc. | 1.38% | 129,893 | $8.0M | Add +2.1% |
| QCOM Qualcomm Inc. | 1.26% | 47,645 | $7.3M | Reduce -1.6% |
| IVV iShares Core S&P 500 ETF | 1.22% | 12,614 | $7.1M | Reduce -0.8% |
| VWO Vanguard Ftse Emerging Marke | 1.18% | 150,520 | $6.8M | Add +1.5% |
| AEM Agnico Eagle Mines Ltd. | 1.07% | 56,896 | $6.2M | Reduce -3.4% |
| XOM Exxon Mobil Corp. | 1.00% | 48,700 | $5.8M | Reduce -1.4% |
| ROP Roper Technologies Inc. | 0.98% | 9,581 | $5.6M | Reduce -0.3% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.95% | 45,351 | $5.5M | Add +1.3% |
| BKNG Booking Holdings Inc. | 0.89% | 1,119 | $5.2M | Add +0.7% |
| ABBV Abbvie Inc. | 0.87% | 24,046 | $5.0M | Reduce -1.4% |
| CVX Chevron Corp. | 0.86% | 29,663 | $5.0M | Reduce -2.0% |
| SPGI S&P Global Inc. | 0.85% | 9,712 | $4.9M | Add +0.9% |
| UNH Unitedhealth Group Inc. | 0.83% | 9,121 | $4.8M | Reduce -1.2% |
| AMGN Amgen Inc. | 0.79% | 14,723 | $4.6M | Reduce -1.9% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.78% | 13,012 | $4.5M | Reduce -4.2% |
| SYK Stryker Corp. | 0.76% | 11,796 | $4.4M | Add +0.2% |
| XLRE SS Real Estate Select Sector | 0.72% | 99,378 | $4.2M | Add +0.7% |
| IHAK iShares Cybersecurity & Tech | 0.71% | 88,000 | $4.1M | Add +6.9% |
| LIN Linde PLC | 0.70% | 8,747 | $4.1M | Reduce -31.9% |
| XLF SS Financial Select Sector | 0.67% | 77,840 | $3.9M | Add +16.7% |
| TMO Thermo Fisher Scientific Inc. | 0.63% | 7,310 | $3.6M | Add +0.1% |
| MDT Medtronic PLC | 0.62% | 39,634 | $3.6M | Add +1.2% |
| XLV SS Health Care Select Sector | 0.61% | 24,033 | $3.5M | Add +8.5% |
| HD Home Depot Inc. | 0.58% | 9,149 | $3.4M | Add +0.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.54% | 5,868 | $3.1M | Add +357.7% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.53% | 31,109 | $3.1M | Add +32.9% |
| LLY Eli Lilly & Co. | 0.52% | 3,666 | $3.0M | Add +1.2% |
| SCHW Schwab (charles) Corp. | 0.52% | 38,372 | $3.0M | Add +2.7% |
| XLC SS Comm Select Sector SPDR | 0.51% | 30,764 | $3.0M | Add +9.8% |
| CB Chubb Ltd. | 0.50% | 9,575 | $2.9M | Reduce -0.5% |
| ADBE Adobe Inc. | 0.48% | 7,217 | $2.8M | Add +0.2% |
| VZ Verizon Communications Inc. | 0.48% | 60,658 | $2.8M | Add +0.9% |
| EMR Emerson Electric Co. | 0.47% | 24,992 | $2.7M | Add +2.1% |
| CMCSA Comcast Corp. Class A | 0.46% | 72,568 | $2.7M | Add +0.7% |
| MAS Masco Corp. | 0.46% | 38,126 | $2.7M | Reduce -0.8% |
| SCHF Schwab Intl Equity ETF | 0.45% | 132,074 | $2.6M | Reduce -2.7% |
| XLY SS Consumer Disc Select Sect | 0.45% | 13,162 | $2.6M | Add +11.3% |
| SHEL Shell PLC-ADR | 0.45% | 35,419 | $2.6M | Reduce -1.5% |
| KO The Coca-Cola Co. | 0.43% | 35,092 | $2.5M | Add +0.5% |
| XYL Xylem Inc. | 0.42% | 20,459 | $2.4M | Add +0.8% |
| PFE Pfizer Inc. | 0.40% | 91,571 | $2.3M | Reduce -7.4% |
| CRM Salesforce Inc. | 0.39% | 8,494 | $2.3M | Add +3.8% |
| XLP SS Consumer Staples Sel Sect | 0.39% | 27,529 | $2.2M | Add +7.8% |
| GLD SPDR Gold Shares | 0.38% | 7,658 | $2.2M | Reduce -0.2% |
| TEL Te Connectivity PLC | 0.38% | 15,401 | $2.2M | Add +2.1% |
| TPL Texas Pacific Land Corp. | 0.32% | 1,401 | $1.9M | Reduce -22.8% |
| JEPI JPMorgan Equity Premium Inco | 0.30% | 30,130 | $1.7M | Reduce -2.9% |
| XLE SS Energy Select Sector | 0.28% | 17,620 | $1.6M | Add +8.1% |
| ORCL Oracle Corp. | 0.22% | 9,294 | $1.3M | Reduce -1.4% |
| IJR iShares Core S&P Small-Cap E | 0.22% | 11,979 | $1.3M | Reduce -4.1% |
| INTU Intuit Inc. | 0.21% | 1,965 | $1.2M | No change |
| META Meta Platforms Inc. Class A | 0.20% | 1,995 | $1.1M | Reduce -7.4% |
| XLB SS Materials Select Sector | 0.20% | 13,216 | $1.1M | Add +9.3% |
| JPST JPMorgan Ultra-Short Income | 0.19% | 21,945 | $1.1M | Reduce -1.7% |
| GOOGL Alphabet Inc. Class A | 0.15% | 5,605 | $867K | No change |
| JNJ Johnson & Johnson | 0.14% | 4,988 | $827K | Reduce -18.6% |
| QQQ Invesco QQQ Trust Series 1 | 0.14% | 1,686 | $791K | Reduce -25.1% |
| SCHO Schwab Short-Term US Treas | 0.12% | 28,122 | $684K | Reduce -4.2% |
| ABT Abbott Laboratories | 0.11% | 4,650 | $617K | Reduce -0.5% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.10% | 1,533 | $568K | Reduce -20.7% |
| ABNB Airbnb Inc. Class A | 0.09% | 4,600 | $550K | Reduce -32.7% |
| DHS Wisdomtree US High Dividend | 0.08% | 4,945 | $490K | Reduce -6.3% |
| MRK Merck & Co. Inc. | 0.08% | 5,224 | $469K | Reduce -8.7% |
| PFFD Global X US Preferred ETF | 0.08% | 24,332 | $463K | Reduce -18.8% |
| WMT Walmart Inc. | 0.08% | 5,093 | $447K | Reduce -10.5% |
| VOO Vanguard S&P 500 ETF | 0.08% | 861 | $442K | Add +2.3% |
| NUE Nucor Corp. | 0.07% | 3,132 | $377K | No change |
| GS Goldman Sachs Group Inc. | 0.06% | 687 | $375K | Reduce -0.3% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.06% | 1,484 | $369K | No change |
| PEP Pepsico Inc. | 0.06% | 2,199 | $330K | Reduce -4.4% |
| LRCX Lam Research Corp. | 0.06% | 4,490 | $326K | No change |
| IWO iShares Russell 2000 Growth | 0.06% | 1,275 | $326K | No change |
| MCD McDonald's Corp. | 0.05% | 880 | $275K | No change |
| VONG Vanguard Russell 1000 Growth | 0.05% | 2,951 | $274K | No change |
| AVGO Broadcom Inc. | 0.05% | 1,585 | $265K | No change |
| TSLA Tesla Inc. | 0.05% | 1,020 | $264K | Add +0.3% |
| PH Parker Hannifin Corp. | 0.04% | 385 | $234K | No change |
| PANW Palo Alto Networks Inc. | 0.04% | 1,324 | $226K | Reduce -7.0% |
| PM Philip Morris International | 0.04% | 1,376 | $218K | New |
| KMB Kimberly-Clark Corp. | 0.04% | 1,480 | $210K | New |
| NVRI Enviri Corp. | 0.03% | 28,825 | $192K | No change |
| ICLN iShares Global Clean Energy | 0.03% | 16,490 | $188K | No change |
Portfolio Sells Q4 2024 → Q1 2025
| MSFT Microsoft Corp. | Reduce -1.6% | 4.63% | −0.45 |
| GOOG Alphabet Inc. Class C | Reduce -0.8% | 2.25% | −0.41 |
| GIS General Mills Inc. | Sold out | 0.00% | −0.39 |
| AAPL Apple Inc. | Reduce -0.4% | 3.82% | −0.33 |
| LIN Linde PLC | Reduce -31.9% | 0.70% | −0.19 |
| LECO Lincoln Electric Holdings | Sold out | 0.00% | −0.09 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -25.1% | 0.14% | −0.05 |
| ABNB Airbnb Inc. Class A | Reduce -32.7% | 0.09% | −0.05 |
| ORCL Oracle Corp. | Reduce -1.4% | 0.22% | −0.04 |
| ZBRA Zebra Technologies Corp. Class A | Sold out | 0.00% | −0.04 |
| ENB Enbridge Inc. | Sold out | 0.00% | −0.04 |
| PFE Pfizer Inc. | Reduce -7.4% | 0.40% | −0.03 |
| PLD Prologis Inc. | Sold out | 0.00% | −0.03 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -20.7% | 0.10% | −0.03 |
| WFC Wells Fargo & Co. | Sold out | 0.00% | −0.03 |
| CSX CSX Corp. | Sold out | 0.00% | −0.03 |
| IWM iShares Russell 2000 ETF | Sold out | 0.00% | −0.03 |
| IJR iShares Core S&P Small-Cap E | Reduce -4.1% | 0.22% | −0.02 |
| IVV iShares Core S&P 500 ETF | Reduce -0.8% | 1.22% | −0.02 |
| PFFD Global X US Preferred ETF | Reduce -18.8% | 0.08% | −0.02 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -0.5% | 1.50% | −0.02 |
| MRK Merck & Co. Inc. | Reduce -8.7% | 0.08% | −0.01 |
| TPL Texas Pacific Land Corp. | Reduce -22.8% | 0.32% | −0.01 |
| META Meta Platforms Inc. Class A | Reduce -7.4% | 0.20% | −0.01 |
| WMT Walmart Inc. | Reduce -10.5% | 0.08% | −0.01 |
| MAS Masco Corp. | Reduce -0.8% | 0.46% | −0.00 |
| JNJ Johnson & Johnson | Reduce -18.6% | 0.14% | −0.00 |
| PANW Palo Alto Networks Inc. | Reduce -7.0% | 0.04% | −0.00 |
| PEP Pepsico Inc. | Reduce -4.4% | 0.06% | −0.00 |
| GS Goldman Sachs Group Inc. | Reduce -0.3% | 0.06% | −0.00 |
| SCHO Schwab Short-Term US Treas | Reduce -4.2% | 0.12% | +0.00 |
| JEPI JPMorgan Equity Premium Inco | Reduce -2.9% | 0.30% | +0.00 |
| DHS Wisdomtree US High Dividend | Reduce -6.3% | 0.08% | +0.00 |
| JPST JPMorgan Ultra-Short Income | Reduce -1.7% | 0.19% | +0.01 |
| ABT Abbott Laboratories | Reduce -0.5% | 0.11% | +0.02 |
| QCOM Qualcomm Inc. | Reduce -1.6% | 1.26% | +0.03 |
| SCHF Schwab Intl Equity ETF | Reduce -2.7% | 0.45% | +0.03 |
| UNH Unitedhealth Group Inc. | Reduce -1.2% | 0.83% | +0.05 |
| CB Chubb Ltd. | Reduce -0.5% | 0.50% | +0.06 |
| GLD SPDR Gold Shares | Reduce -0.2% | 0.38% | +0.07 |
| SHEL Shell PLC-ADR | Reduce -1.5% | 0.45% | +0.07 |
| PG The Procter & Gamble Co. | Reduce -0.3% | 1.45% | +0.08 |
| JPM JPMorgan Chase & Co. | Reduce -0.3% | 1.77% | +0.10 |
| XOM Exxon Mobil Corp. | Reduce -1.4% | 1.00% | +0.12 |
| CVX Chevron Corp. | Reduce -2.0% | 0.86% | +0.13 |
| AJG Arthur J Gallagher & Co. | Reduce -4.2% | 0.78% | +0.14 |
| AMGN Amgen Inc. | Reduce -1.9% | 0.79% | +0.14 |
| ROP Roper Technologies Inc. | Reduce -0.3% | 0.98% | +0.15 |
| ABBV Abbvie Inc. | Reduce -1.4% | 0.87% | +0.15 |
| AEM Agnico Eagle Mines Ltd. | Reduce -3.4% | 1.07% | +0.30 |
Portfolio Buys Q4 2024 → Q1 2025
| IGSB iShares 1-5Y Inv Grade Corp. | Add +11.5% | 4.63% | +0.69 |
| VEA Vanguard Ftse Developed ETF | Add +3.8% | 4.28% | +0.55 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +357.7% | 0.54% | +0.44 |
| SPTS SS SPDR P St Term TSY ETF | Add +3.4% | 4.08% | +0.32 |
| V Visa Inc. Class A | Add +1.3% | 1.82% | +0.26 |
| XLI SS Industrial Select Sector | Add +3.0% | 2.96% | +0.18 |
| VPU Vanguard Utilities ETF | Add +2.4% | 1.72% | +0.18 |
| CSCO Cisco Systems Inc. | Add +2.1% | 1.38% | +0.13 |
| XLF SS Financial Select Sector | Add +16.7% | 0.67% | +0.13 |
| EMXC iShares MSCI Emr MRK Ex Chna | Add +3.7% | 1.99% | +0.13 |
| COST Costco Wholesale Corp. | Add +0.3% | 1.62% | +0.12 |
| XLV SS Health Care Select Sector | Add +8.5% | 0.61% | +0.10 |
| DIS The Walt Disney Co. | Add +32.9% | 0.53% | +0.10 |
| MDT Medtronic PLC | Add +1.2% | 0.62% | +0.10 |
| VWO Vanguard Ftse Emerging Marke | Add +1.5% | 1.18% | +0.09 |
| VZ Verizon Communications Inc. | Add +0.9% | 0.48% | +0.08 |
| KO The Coca-Cola Co. | Add +0.5% | 0.43% | +0.07 |
| XLC SS Comm Select Sector SPDR | Add +9.8% | 0.51% | +0.06 |
| SCHW Schwab (charles) Corp. | Add +2.7% | 0.52% | +0.06 |
| LLY Eli Lilly & Co. | Add +1.2% | 0.52% | +0.06 |
| TJX TJX Companies Inc. | Add +1.3% | 0.95% | +0.06 |
| SPGI S&P Global Inc. | Add +0.9% | 0.85% | +0.06 |
| XLP SS Consumer Staples Sel Sect | Add +7.8% | 0.39% | +0.06 |
| SYK Stryker Corp. | Add +0.2% | 0.76% | +0.05 |
| XLE SS Energy Select Sector | Add +8.1% | 0.28% | +0.05 |
| XLRE SS Real Estate Select Sector | Add +0.7% | 0.72% | +0.05 |
| IHAK iShares Cybersecurity & Tech | Add +6.9% | 0.71% | +0.05 |
| PM Philip Morris International | New | 0.04% | +0.04 |
| KMB Kimberly-Clark Corp. | New | 0.04% | +0.04 |
| XYL Xylem Inc. | Add +0.8% | 0.42% | +0.03 |
| XLB SS Materials Select Sector | Add +9.3% | 0.20% | +0.03 |
| TEL Te Connectivity PLC | Add +2.1% | 0.38% | +0.02 |
| CMCSA Comcast Corp. Class A | Add +0.7% | 0.46% | +0.01 |
| XLY SS Consumer Disc Select Sect | Add +11.3% | 0.45% | +0.01 |
| VOO Vanguard S&P 500 ETF | Add +2.3% | 0.08% | +0.00 |
| TMO Thermo Fisher Scientific Inc. | Add +0.1% | 0.63% | −0.00 |
| CRBU Caribou Biosciences Inc. | Add +31.1% | 0.01% | −0.00 |
| XLK SS Technology Select Sector | Add +7.8% | 2.30% | −0.01 |
| HD Home Depot Inc. | Add +0.5% | 0.58% | −0.01 |
| TSLA Tesla Inc. | Add +0.3% | 0.05% | −0.02 |
| BKNG Booking Holdings Inc. | Add +0.7% | 0.89% | −0.03 |
| EMR Emerson Electric Co. | Add +2.1% | 0.47% | −0.03 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +2.4% | 3.20% | −0.05 |
| ADBE Adobe Inc. | Add +0.2% | 0.48% | −0.05 |
| CRM Salesforce Inc. | Add +3.8% | 0.39% | −0.06 |
| AMZN Amazon.com Inc. | Add +1.1% | 2.02% | −0.19 |
| NVDA Nvidia Corp. | Add +2.1% | 19.27% | −3.19 |
Options Activity Q4 2024 → Q1 2025
| SPY SS SPDR S&P 500 ETF Trust-US | put | Sold out | 3,600 | $2.1Mbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings 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 |