Nelson Capital Management, LLC

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 7, 2026), Nelson Capital Management, LLC reported 108 stock positions worth $819.2 million. Its top holding was Nvidia (NVDA) at 34.7% of the portfolio, followed by Vanguard Ftse Developed ETF (VEA, 5.4%) and iShares 1-5Y Inv Grade (IGSB, 4.7%). Compared with Q4 2025, it opened 3 new positions, sold out of 2, added to 23 and reduced 61. The biggest buy was Vanguard Ftse Developed ETF (VEA, shares +7%) and the biggest sale an exit from Booking (BKNG).

Most Recent 13F
Q2 2026
Location
MENLO PARK, CA
CIK
0001512611
Portfolio Value
$819.2M (Q1 2026)
SEC Filing
0001512611-26-000002 ↗ filed May 7, 2026

Holdings Value

0$200.0M$400.0M$600.0M$800.0M$1.0B Q1 2024: $523.1M Q1 2024 Q2 2024: $563.5M Q2 2024 Q3 2024: $593.3M Q3 2024 Q4 2024: $602.7M Q4 2024 Q1 2025: $579.0M Q1 2025 Q2 2025: $756.5M Q2 2025 Q3 2025: $839.7M Q3 2025 Q4 2025: $854.6M Q4 2025 Q1 2026: $819.2M $819.2M Q1 2026 Q2 2026: $911.6M Q2 2026

Holdings 108 stocks · $819.2M
NVDA Nvidia Corp. 34.71% 1,630,355 $284.3M Add +1.9%
VEA Vanguard Ftse Developed ETF 5.37% 685,976 $44.0M Add +6.7%
IGSB iShares 1-5Y Inv Grade Corp. 4.65% 724,911 $38.1M Add +9.7%
XLK SS Technology Select Sector 3.20% 197,517 $26.3M Add +21.1%
MSFT Microsoft Corp. 3.15% 69,641 $25.8M Add +1.5%
SPTS SS SPDR P St Term TSY ETF 3.14% 880,170 $25.7M Add +1.7%
AAPL Apple Inc. 2.92% 94,170 $23.9M Reduce -1.8%
GOOG Alphabet Inc. Class C 2.72% 77,702 $22.3M Reduce -1.9%
XLI SS Industrial Select Sector 2.48% 125,582 $20.3M Reduce -2.7%
VB Vanguard Most SM-Cap ETF-Usd 2.00% 62,686 $16.4M Reduce -0.3%
JPM JPMorgan Chase & Co. 1.53% 42,574 $12.5M Reduce -2.2%
AMZN Amazon.com Inc. 1.49% 58,721 $12.2M Reduce -1.8%
VPU Vanguard Utilities ETF 1.49% 61,505 $12.2M Add +0.2%
AEM Agnico Eagle Mines Ltd. 1.38% 55,552 $11.3M Reduce -1.7%
VWO Vanguard Ftse Emerging Marke 1.30% 197,132 $10.7M Add +25.2%
CSCO Cisco Systems Inc. 1.27% 134,407 $10.4M Reduce -0.8%
EMXC iShares MSCI Emr MRK Ex Chna 1.21% 125,607 $9.9M Reduce -2.8%
SPY SS SPDR S&P 500 ETF Trust-US 1.17% 14,760 $9.6M Reduce -1.9%
COST Costco Wholesale Corp. 1.17% 9,616 $9.6M Reduce -1.7%
V Visa Inc. Class A 1.11% 30,218 $9.1M Reduce -1.0%
IVV iShares Core S&P 500 ETF 1.03% 12,959 $8.5M Reduce -5.2%
XCEM Columbia Em Core Ex-China 0.90% 181,608 $7.4M Add +13.6%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.90% 46,117 $7.4M Add +0.5%
PG The Procter & Gamble Co. 0.84% 47,480 $6.9M Reduce -0.7%
SYK Stryker Corp. 0.63% 15,809 $5.2M Reduce -1.4%
XLF SS Financial Select Sector 0.62% 102,826 $5.1M Add +10.6%
AMGN Amgen Inc. 0.61% 14,224 $5.0M Reduce -2.1%
ABBV Abbvie Inc. 0.61% 22,850 $5.0M Reduce -0.6%
XOM Exxon Mobil Corp. 0.57% 27,328 $4.6M Reduce -44.5%
LIN Linde PLC 0.52% 8,574 $4.3M Reduce -3.1%
XLRE SS Real Estate Select Sector 0.51% 102,602 $4.2M Add +0.8%
IHAK iShares Cybersecurity & Tech 0.50% 93,899 $4.1M Reduce -0.4%
LLY Eli Lilly & Co. 0.50% 4,431 $4.1M Reduce -4.7%
CVX Chevron Corp. 0.47% 18,771 $3.9M Reduce -34.1%
XLV SS Health Care Select Sector 0.47% 26,249 $3.8M Reduce -0.4%
XLC SS Comm Select Sector SPDR 0.45% 33,319 $3.7M Add +1.7%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.45% 38,171 $3.7M Add +3.6%
SCHW Schwab (charles) Corp. 0.44% 37,933 $3.6M Reduce -1.1%
TMO Thermo Fisher Scientific Inc. 0.43% 7,130 $3.5M Reduce -0.1%
ISRG Intuitive Surgical Inc. 0.41% 7,333 $3.4M Add +3.0%
SHEL Shell PLC-ADR 0.41% 36,049 $3.4M Add +2.2%
TEL Te Connectivity PLC 0.40% 15,849 $3.3M Add +0.6%
XLY SS Consumer Disc Select Sect 0.40% 30,361 $3.3M Add +4.0%
GLD SPDR Gold Shares 0.40% 7,658 $3.3M No change
EMR Emerson Electric Co. 0.40% 24,726 $3.2M Reduce -2.1%
CB Chubb Ltd. 0.39% 9,696 $3.2M Reduce -4.0%
QCOM Qualcomm Inc. 0.38% 24,323 $3.1M Reduce -50.2%
BRK.B Berkshire Hathaway Inc. Class B 0.37% 6,335 $3.0M Reduce -0.5%
ROP Roper Technologies Inc. 0.37% 8,526 $3.0M Reduce -11.1%
SCHF Schwab Intl Equity ETF 0.37% 120,962 $3.0M Reduce -2.5%
HD Home Depot Inc. 0.36% 9,056 $3.0M Reduce -0.5%
SPGI S&P Global Inc. 0.34% 6,629 $2.8M Reduce -32.9%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.34% 12,908 $2.8M Reduce -1.4%
KO The Coca-Cola Co. 0.34% 36,178 $2.8M Reduce -2.3%
NFLX Netflix Inc. 0.30% 25,541 $2.5M Reduce -1.9%
RCL Royal Caribbean Cruises Ltd. 0.29% 8,759 $2.4M New
XLP SS Consumer Staples Sel Sect 0.29% 29,355 $2.4M Reduce -0.0%
XYL Xylem Inc. 0.29% 19,993 $2.4M Reduce -0.9%
MAS Masco Corp. 0.27% 36,637 $2.2M Reduce -3.0%
XLE SS Energy Select Sector 0.26% 34,513 $2.1M Reduce -5.2%
GOOGL Alphabet Inc. Class A 0.20% 5,785 $1.7M Reduce -2.1%
BSX Boston Scientific Corp. 0.20% 26,319 $1.7M Add +1.2%
XLB SS Materials Select Sector 0.20% 32,679 $1.6M Add +5.9%
CRM Salesforce Inc. 0.20% 8,723 $1.6M Add +1.6%
ORCL Oracle Corp. 0.18% 10,222 $1.5M Reduce -0.6%
JEPI JPMorgan Equity Premium Inco 0.17% 24,586 $1.4M Reduce -21.5%
JNJ Johnson & Johnson 0.15% 5,080 $1.2M Reduce -1.5%
TPL Texas Pacific Land Corp. 0.14% 2,503 $1.2M Reduce -35.9%
IJR iShares Core S&P Small-Cap E 0.13% 8,737 $1.1M Reduce -4.9%
META Meta Platforms Inc. Class A 0.12% 1,756 $1.0M Reduce -0.7%
JPST JPMorgan Ultra-Short Income 0.11% 18,388 $931K Reduce -12.8%
QQQ Invesco QQQ Trust Series 1 0.11% 1,596 $921K Reduce -1.9%
VUG Vanguard Mrngstar GR ETF-Sui 0.08% 1,533 $670K No change
ADBE Adobe Inc. 0.08% 2,597 $631K Reduce -8.6%
WMT Walmart Inc. 0.08% 5,025 $625K Reduce -1.3%
LRCX Lam Research Corp. 0.08% 2,885 $616K No change
NUE Nucor Corp. 0.07% 3,632 $614K No change
INTU Intuit Inc. 0.07% 1,365 $590K Reduce -18.0%
NVRI Enviri Corp. 0.07% 28,825 $566K No change
SCHO Schwab Short-Term US Treas 0.06% 21,360 $518K Reduce -6.6%
DHS Wisdomtree US High Dividend 0.06% 4,700 $513K No change
MRK Merck & Co. Inc. 0.06% 4,016 $483K Reduce -0.7%
VOO Vanguard S&P 500 ETF 0.06% 782 $467K No change
AVGO Broadcom Inc. 0.06% 1,486 $460K Reduce -1.3%
ABNB Airbnb Inc. Class A 0.05% 3,513 $444K Reduce -17.6%
PANW Palo Alto Networks Inc. 0.05% 2,671 $428K Add +14.7%
ABT Abbott Laboratories 0.05% 4,070 $418K No change
P Everpure Inc. Class A 0.05% 7,065 $417K Add +12.4%
PFFD Global X US Preferred ETF 0.05% 22,219 $409K Reduce -21.9%
GILD Gilead Sciences Inc. 0.05% 2,931 $408K New
IWO iShares Russell 2000 Growth 0.05% 1,250 $392K No change
CAT Caterpillar Inc. 0.05% 538 $381K No change
MCD McDonald's Corp. 0.05% 1,202 $374K No change
GS Goldman Sachs Group Inc. 0.05% 437 $370K No change
PH Parker Hannifin Corp. 0.04% 385 $345K No change
IJH iShares Core S&P Midcap ETF 0.04% 5,005 $338K No change
DELL Dell Technologies -C 0.04% 2,043 $335K No change
VONG Vanguard Russell 1000 Growth 0.04% 2,951 $324K No change
NEM Newmont Corp. 0.04% 2,949 $319K No change
ICLN iShares Global Clean Energy 0.04% 17,075 $312K No change

Show all 108 holdings

Portfolio Sells Q4 2025 → Q1 2026
BKNG Booking Holdings Inc. Sold out 0.00% −0.69
QCOM Qualcomm Inc. Reduce -50.2% 0.38% −0.60
SPGI S&P Global Inc. Reduce -32.9% 0.34% −0.26
GOOG Alphabet Inc. Class C Reduce -1.9% 2.72% −0.19
V Visa Inc. Class A Reduce -1.0% 1.11% −0.14
AAPL Apple Inc. Reduce -1.8% 2.92% −0.13
ROP Roper Technologies Inc. Reduce -11.1% 0.37% −0.13
XOM Exxon Mobil Corp. Reduce -44.5% 0.57% −0.13
AMZN Amazon.com Inc. Reduce -1.8% 1.49% −0.12
JPM JPMorgan Chase & Co. Reduce -2.2% 1.53% −0.11
LLY Eli Lilly & Co. Reduce -4.7% 0.50% −0.09
IVV iShares Core S&P 500 ETF Reduce -5.2% 1.03% −0.06
INTU Intuit Inc. Reduce -18.0% 0.07% −0.06
TMO Thermo Fisher Scientific Inc. Reduce -0.1% 0.43% −0.06
AJG Arthur J Gallagher & Co. Reduce -1.4% 0.34% −0.06
ORCL Oracle Corp. Reduce -0.6% 0.18% −0.05
JEPI JPMorgan Equity Premium Inco Reduce -21.5% 0.17% −0.04
ADBE Adobe Inc. Reduce -8.6% 0.08% −0.04
CVX Chevron Corp. Reduce -34.1% 0.47% −0.03
IHAK iShares Cybersecurity & Tech Reduce -0.4% 0.50% −0.03
XYL Xylem Inc. Reduce -0.9% 0.29% −0.03
SPY SS SPDR S&P 500 ETF Trust-US Reduce -1.9% 1.17% −0.03
DHR Danaher Corp. Sold out 0.00% −0.03
SYK Stryker Corp. Reduce -1.4% 0.63% −0.03
PM Philip Morris International Reduce -42.0% 0.03% −0.02
META Meta Platforms Inc. Class A Reduce -0.7% 0.12% −0.01
ABNB Airbnb Inc. Class A Reduce -17.6% 0.05% −0.01
SCHW Schwab (charles) Corp. Reduce -1.1% 0.44% −0.01
GOOGL Alphabet Inc. Class A Reduce -2.1% 0.20% −0.01
TSLA Tesla Inc. Reduce -20.0% 0.03% −0.01
PFFD Global X US Preferred ETF Reduce -21.9% 0.05% −0.01
JPST JPMorgan Ultra-Short Income Reduce -12.8% 0.11% −0.01
MAS Masco Corp. Reduce -3.0% 0.27% −0.01
IBM Intl Business Machines Corp. Reduce -5.6% 0.04% −0.01
ABBV Abbvie Inc. Reduce -0.6% 0.61% −0.01
XLV SS Health Care Select Sector Reduce -0.4% 0.47% −0.01
AVGO Broadcom Inc. Reduce -1.3% 0.06% −0.00
QQQ Invesco QQQ Trust Series 1 Reduce -1.9% 0.11% −0.00
BRK.B Berkshire Hathaway Inc. Class B Reduce -0.5% 0.37% −0.00
HD Home Depot Inc. Reduce -0.5% 0.36% −0.00
SCHO Schwab Short-Term US Treas Reduce -6.6% 0.06% −0.00
VZ Verizon Communications Inc. Reduce -22.5% 0.03% −0.00
EMR Emerson Electric Co. Reduce -2.1% 0.40% +0.00
IJR iShares Core S&P Small-Cap E Reduce -4.9% 0.13% +0.00
MRK Merck & Co. Inc. Reduce -0.7% 0.06% +0.01
WMT Walmart Inc. Reduce -1.3% 0.08% +0.01
TPL Texas Pacific Land Corp. Reduce -35.9% 0.14% +0.01
NFLX Netflix Inc. Reduce -1.9% 0.30% +0.01
SCHF Schwab Intl Equity ETF Reduce -2.5% 0.37% +0.02
CB Chubb Ltd. Reduce -4.0% 0.39% +0.02

Portfolio Buys Q4 2025 → Q1 2026
VEA Vanguard Ftse Developed ETF Add +6.7% 5.37% +0.66
IGSB iShares 1-5Y Inv Grade Corp. Add +9.7% 4.65% +0.56
XLK SS Technology Select Sector Add +21.1% 3.20% +0.46
VWO Vanguard Ftse Emerging Marke Add +25.2% 1.30% +0.31
RCL Royal Caribbean Cruises Ltd. New 0.29% +0.29
XCEM Columbia Em Core Ex-China Add +13.6% 0.90% +0.19
SPTS SS SPDR P St Term TSY ETF Add +1.7% 3.14% +0.17
VPU Vanguard Utilities ETF Add +0.2% 1.49% +0.16
SHEL Shell PLC-ADR Add +2.2% 0.41% +0.11
TJX TJX Companies Inc. Add +0.5% 0.90% +0.07
GILD Gilead Sciences Inc. New 0.05% +0.05
XLB SS Materials Select Sector Add +5.9% 0.20% +0.04
XLRE SS Real Estate Select Sector Add +0.8% 0.51% +0.03
PEP Pepsico Inc. New 0.02% +0.02
XLF SS Financial Select Sector Add +10.6% 0.62% +0.02
PANW Palo Alto Networks Inc. Add +14.7% 0.05% +0.00
P Everpure Inc. Class A Add +12.4% 0.05% +0.00
XLC SS Comm Select Sector SPDR Add +1.7% 0.45% −0.00
XLY SS Consumer Disc Select Sect Add +4.0% 0.40% −0.00
TEL Te Connectivity PLC Add +0.6% 0.40% −0.02
DIS The Walt Disney Co. Add +3.6% 0.45% −0.04
ISRG Intuitive Surgical Inc. Add +3.0% 0.41% −0.06
CRM Salesforce Inc. Add +1.6% 0.20% −0.07
BSX Boston Scientific Corp. Add +1.2% 0.20% −0.09
NVDA Nvidia Corp. Add +1.9% 34.71% −0.22
MSFT Microsoft Corp. Add +1.5% 3.15% −0.74

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 120$911.6MNVDA, VEA, IGSB, XLK, GOOG
Q1 2026 108$819.2MNVDA, VEA, IGSB, XLK, MSFT
Q4 2025 107$854.6MNVDA, VEA, IGSB, MSFT, AAPL
Q3 2025 108$839.7MNVDA, VEA, MSFT, IGSB, AAPL
Q2 2025 101$756.5MNVDA, MSFT, VEA, IGSB, SPTS
Q1 2025 101$579.0MNVDA, MSFT, IGSB, VEA, SPTS
Q4 2024 107$602.7MNVDA, MSFT, AAPL, IGSB, SPTS
Q3 2024 108$593.3MNVDA, MSFT, VEA, SPTS, AAPL
Q2 2024 105$563.5MNVDA, MSFT, VEA, SPTS, IGSB
Q1 2024 103$523.1MNVDA, MSFT, VEA, IGSB, SPTS