Nelson Capital Management, LLC

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 24, 2026), Nelson Capital Management, LLC reported 120 stock positions worth $911.6 million. Its top holding was Nvidia (NVDA) at 35.3% of the portfolio, followed by Vanguard Ftse Developed ETF (VEA, 5.4%) and iShares 1-5Y Inv Grade (IGSB, 4.5%). Compared with Q1 2026, it opened 15 new positions, sold out of 3, added to 39 and reduced 45. The biggest buy was SS Technology Select Sector (XLK, shares +2%) and the biggest sale Amgen (AMGN, shares −85%).

Most Recent 13F
Q2 2026
Location
MENLO PARK, CA
CIK
0001512611
Portfolio Value
$911.6M (Q2 2026)
SEC Filing
0001512611-26-000004 ↗ filed Jul 24, 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 Q1 2026 Q2 2026: $911.6M $911.6M Q2 2026

Holdings 120 stocks · $911.6M
NVDA Nvidia Corp. 35.25% 1,606,013 $321.3M Reduce -1.5%
VEA Vanguard Ftse Developed ETF 5.43% 694,445 $49.5M Add +1.2%
IGSB iShares 1-5Y Inv Grade Corp. 4.46% 776,458 $40.7M Add +7.1%
XLK SS Technology Select Sector 4.19% 200,639 $38.2M Add +1.6%
GOOG Alphabet Inc. Class C 2.96% 76,367 $27.0M Reduce -1.7%
AAPL Apple Inc. 2.95% 93,035 $26.9M Reduce -1.2%
MSFT Microsoft Corp. 2.85% 69,664 $26.0M Add +0.0%
SPTS SS SPDR P St Term TSY ETF 2.75% 864,508 $25.1M Reduce -1.8%
XLI SS Industrial Select Sector 2.53% 124,403 $23.0M Reduce -0.9%
VB Vanguard Most SM-Cap ETF-Usd 2.06% 61,952 $18.8M Reduce -1.2%
CSCO Cisco Systems Inc. 1.73% 134,419 $15.8M Add +0.0%
AMZN Amazon.com Inc. 1.55% 59,183 $14.1M Add +0.8%
JPM JPMorgan Chase & Co. 1.49% 41,528 $13.6M Reduce -2.5%
VWO Vanguard Ftse Emerging Marke 1.38% 210,736 $12.6M Add +6.9%
EMXC iShares MSCI Emr MRK Ex Chna 1.38% 122,916 $12.6M Reduce -2.1%
VPU Vanguard Utilities ETF 1.31% 61,096 $12.0M Reduce -0.7%
SPY SS SPDR S&P 500 ETF Trust-US 1.20% 14,592 $10.9M Reduce -1.1%
IVV iShares Core S&P 500 ETF 1.14% 13,877 $10.4M Add +7.1%
V Visa Inc. Class A 1.14% 30,226 $10.4M Add +0.0%
XCEM Columbia Em Core Ex-China 1.08% 186,368 $9.9M Add +2.6%
COST Costco Wholesale Corp. 0.97% 9,464 $8.9M Reduce -1.6%
AEM Agnico Eagle Mines Ltd. 0.94% 55,494 $8.6M Reduce -0.1%
LLY Eli Lilly & Co. 0.79% 6,027 $7.2M Add +36.0%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.77% 46,481 $7.0M Add +0.8%
PG The Procter & Gamble Co. 0.75% 46,778 $6.9M Reduce -1.5%
ABBV Abbvie Inc. 0.64% 23,345 $5.9M Add +2.2%
XLF SS Financial Select Sector 0.63% 107,249 $5.7M Add +4.3%
IHAK iShares Cybersecurity & Tech 0.63% 93,976 $5.7M Add +0.1%
SYK Stryker Corp. 0.53% 15,466 $4.9M Reduce -2.2%
QCOM Qualcomm Inc. 0.49% 24,017 $4.4M Reduce -1.3%
LIN Linde PLC 0.48% 8,384 $4.4M Reduce -2.2%
XLV SS Health Care Select Sector 0.48% 27,406 $4.3M Add +4.4%
XLRE SS Real Estate Select Sector 0.47% 97,351 $4.3M Reduce -5.1%
XLC SS Comm Select Sector SPDR 0.41% 35,162 $3.8M Add +5.5%
XLY SS Consumer Disc Select Sect 0.41% 31,794 $3.7M Add +4.7%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.41% 38,485 $3.7M Add +0.8%
XOM Exxon Mobil Corp. 0.40% 26,380 $3.6M Reduce -3.5%
TMO Thermo Fisher Scientific Inc. 0.39% 7,095 $3.6M Reduce -0.5%
SCHW Schwab (charles) Corp. 0.39% 38,450 $3.5M Add +1.4%
EMR Emerson Electric Co. 0.38% 24,295 $3.5M Reduce -1.7%
SCHF Schwab Intl Equity ETF 0.36% 118,460 $3.3M Reduce -2.1%
CB Chubb Ltd. 0.36% 9,530 $3.2M Reduce -1.7%
TEL Te Connectivity PLC 0.35% 15,810 $3.2M Reduce -0.3%
BRK.B Berkshire Hathaway Inc. Class B 0.35% 6,306 $3.2M Reduce -0.5%
HD Home Depot Inc. 0.34% 8,809 $3.1M Reduce -2.7%
CVX Chevron Corp. 0.34% 18,422 $3.1M Reduce -1.9%
MAS Masco Corp. 0.33% 37,319 $3.0M Add +1.9%
KO The Coca-Cola Co. 0.32% 36,420 $3.0M Add +0.7%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.32% 12,636 $2.9M Reduce -2.1%
RCL Royal Caribbean Cruises Ltd. 0.31% 8,978 $2.9M Add +2.5%
ISRG Intuitive Surgical Inc. 0.31% 7,167 $2.9M Reduce -2.3%
GLD SPDR Gold Shares 0.31% 7,658 $2.8M No change
ROP Roper Technologies Inc. 0.31% 8,271 $2.8M Reduce -3.0%
SHEL Shell PLC-ADR 0.31% 35,959 $2.8M Reduce -0.3%
SPGI S&P Global Inc. 0.28% 6,363 $2.6M Reduce -4.0%
XLP SS Consumer Staples Sel Sect 0.28% 30,436 $2.5M Add +3.7%
XYL Xylem Inc. 0.26% 20,176 $2.4M Add +0.9%
GOOGL Alphabet Inc. Class A 0.23% 5,779 $2.1M Reduce -0.1%
NFLX Netflix Inc. 0.20% 25,580 $1.8M Add +0.1%
XLE SS Energy Select Sector 0.20% 34,359 $1.8M Reduce -0.5%
XLB SS Materials Select Sector 0.19% 33,949 $1.7M Add +3.9%
ORCL Oracle Corp. 0.17% 10,472 $1.5M Add +2.5%
CRM Salesforce Inc. 0.15% 8,884 $1.4M Add +1.9%
JNJ Johnson & Johnson 0.15% 5,224 $1.3M Add +2.8%
IJR iShares Core S&P Small-Cap E 0.14% 8,652 $1.3M Reduce -1.0%
LRCX Lam Research Corp. 0.14% 2,885 $1.3M No change
QQQ Invesco QQQ Trust Series 1 0.13% 1,596 $1.2M No change
PEN Penumbra Inc. 0.12% 3,484 $1.1M New
TPL Texas Pacific Land Corp. 0.12% 2,503 $1.1M No change
META Meta Platforms Inc. Class A 0.11% 1,756 $989K No change
JPST JPMorgan Ultra-Short Income 0.10% 18,451 $933K Add +0.3%
NUE Nucor Corp. 0.09% 3,632 $809K No change
VUG Vanguard Mrngstar GR ETF-Sui 0.09% 9,198 $792K No change
AMGN Amgen Inc. 0.09% 2,154 $780K Reduce -84.9%
PANW Palo Alto Networks Inc. 0.08% 2,268 $773K Reduce -15.1%
JEPI JPMorgan Equity Premium Inco 0.08% 13,383 $756K Reduce -45.6%
DELL Dell Technologies -C 0.08% 1,689 $729K Reduce -17.3%
CAT Caterpillar Inc. 0.08% 673 $717K Add +25.1%
SCHO Schwab Short-Term US Treas 0.06% 24,449 $590K Add +14.5%
WMT Walmart Inc. 0.06% 5,079 $575K Add +1.1%
AVGO Broadcom Inc. 0.06% 1,507 $569K Add +1.4%
P Everpure Inc. Class A 0.06% 7,065 $557K No change
DHS Wisdomtree US High Dividend 0.06% 4,700 $534K No change
ADBE Adobe Inc. 0.06% 2,597 $532K No change
VOO Vanguard S&P 500 ETF 0.06% 769 $528K Reduce -1.7%
MRK Merck & Co. Inc. 0.06% 4,016 $516K No change
IWO iShares Russell 2000 Growth 0.05% 1,250 $492K No change
TSLA Tesla Inc. 0.05% 1,145 $482K Add +77.5%
GS Goldman Sachs Group Inc. 0.05% 445 $450K Add +1.8%
NEM Newmont Corp. 0.05% 4,703 $439K Add +59.5%
ABNB Airbnb Inc. Class A 0.05% 3,000 $429K Reduce -14.6%
INTC Intel Corp. 0.05% 2,955 $413K New
IJH iShares Core S&P Midcap ETF 0.04% 5,005 $386K No change
VONG Vanguard Russell 1000 Growth 0.04% 2,951 $377K No change
ETN Eaton Corp. PLC 0.04% 885 $377K New
PH Parker Hannifin Corp. 0.04% 385 $377K No change
AMD Advanced Micro Devices 0.04% 637 $370K New
ABT Abbott Laboratories 0.04% 4,070 $369K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.04% 1,248 $351K No change
ICLN iShares Global Clean Energy 0.04% 17,075 $350K No change
QQQM Invesco Nasdaq 100 ETF 0.04% 1,074 $325K New
MCD McDonald's Corp. 0.04% 1,202 $325K No change
B Barrick Mining Corp. 0.03% 8,010 $294K New
VGT Vanguard Info Tech ETF 0.03% 2,357 $282K New
GILD Gilead Sciences Inc. 0.03% 2,171 $274K Reduce -25.9%
INTU Intuit Inc. 0.03% 982 $256K Reduce -28.1%
MU Micron Technology Inc. 0.03% 221 $255K New
PM Philip Morris International 0.03% 1,384 $250K No change
KLAC KLA Corp. 0.03% 810 $244K New
TXN Texas Instruments Inc. 0.03% 818 $244K New
HIMS Hims & Hers Health Inc. 0.03% 7,000 $243K New
SOXX iShares Semiconductor ETF 0.03% 375 $240K New
XME SS SPDR S&P Metals Mining 0.03% 2,163 $231K Add +10.2%
IWM iShares Russell 2000 ETF 0.02% 753 $226K Reduce -9.3%
GLW Corning Inc. 0.02% 865 $221K New
PFFD Global X US Preferred ETF 0.02% 11,549 $216K Reduce -48.0%
VTI VG Morningstar TS MKT ETF-US 0.02% 556 $206K New
NVRI Enviri Corp. 0.02% 9,274 $204K Reduce -3.5%
BP BP PLC-Spons ADR 0.02% 5,449 $201K New
CRBU Caribou Biosciences Inc. 0.01% 58,685 $103K No change

Portfolio Sells Q1 2026 → Q2 2026
AMGN Amgen Inc. Reduce -84.9% 0.09% −0.53
AEM Agnico Eagle Mines Ltd. Reduce -0.1% 0.94% −0.43
SPTS SS SPDR P St Term TSY ETF Reduce -1.8% 2.75% −0.38
BSX Boston Scientific Corp. Sold out 0.00% −0.20
COST Costco Wholesale Corp. Reduce -1.6% 0.97% −0.20
VPU Vanguard Utilities ETF Reduce -0.7% 1.31% −0.18
XOM Exxon Mobil Corp. Reduce -3.5% 0.40% −0.17
CVX Chevron Corp. Reduce -1.9% 0.34% −0.14
SHEL Shell PLC-ADR Reduce -0.3% 0.31% −0.10
ISRG Intuitive Surgical Inc. Reduce -2.3% 0.31% −0.10
SYK Stryker Corp. Reduce -2.2% 0.53% −0.10
JEPI JPMorgan Equity Premium Inco Reduce -45.6% 0.08% −0.09
PG The Procter & Gamble Co. Reduce -1.5% 0.75% −0.08
ROP Roper Technologies Inc. Reduce -3.0% 0.31% −0.06
SPGI S&P Global Inc. Reduce -4.0% 0.28% −0.06
XLE SS Energy Select Sector Reduce -0.5% 0.20% −0.06
TEL Te Connectivity PLC Reduce -0.3% 0.35% −0.05
NVRI Enviri Corp. Reduce -3.5% 0.02% −0.05
INTU Intuit Inc. Reduce -28.1% 0.03% −0.04
LIN Linde PLC Reduce -2.2% 0.48% −0.04
XLRE SS Real Estate Select Sector Reduce -5.1% 0.47% −0.04
TMO Thermo Fisher Scientific Inc. Reduce -0.5% 0.39% −0.04
JPM JPMorgan Chase & Co. Reduce -2.5% 1.49% −0.04
VZ Verizon Communications Inc. Sold out 0.00% −0.03
CB Chubb Ltd. Reduce -1.7% 0.36% −0.03
PFFD Global X US Preferred ETF Reduce -48.0% 0.02% −0.03
PEP Pepsico Inc. Sold out 0.00% −0.02
BRK.B Berkshire Hathaway Inc. Class B Reduce -0.5% 0.35% −0.02
AJG Arthur J Gallagher & Co. Reduce -2.1% 0.32% −0.02
HD Home Depot Inc. Reduce -2.7% 0.34% −0.02
GILD Gilead Sciences Inc. Reduce -25.9% 0.03% −0.02
EMR Emerson Electric Co. Reduce -1.7% 0.38% −0.01
ABNB Airbnb Inc. Class A Reduce -14.6% 0.05% −0.01
SCHF Schwab Intl Equity ETF Reduce -2.1% 0.36% −0.01
IWM iShares Russell 2000 ETF Reduce -9.3% 0.02% −0.00
VOO Vanguard S&P 500 ETF Reduce -1.7% 0.06% +0.00
IJR iShares Core S&P Small-Cap E Reduce -1.0% 0.14% +0.01
GOOGL Alphabet Inc. Class A Reduce -0.1% 0.23% +0.02
SPY SS SPDR S&P 500 ETF Trust-US Reduce -1.1% 1.20% +0.02
PANW Palo Alto Networks Inc. Reduce -15.1% 0.08% +0.03
AAPL Apple Inc. Reduce -1.2% 2.95% +0.04
DELL Dell Technologies -C Reduce -17.3% 0.08% +0.04
XLI SS Industrial Select Sector Reduce -0.9% 2.53% +0.05
VB Vanguard Most SM-Cap ETF-Usd Reduce -1.2% 2.06% +0.06
QCOM Qualcomm Inc. Reduce -1.3% 0.49% +0.10
EMXC iShares MSCI Emr MRK Ex Chna Reduce -2.1% 1.38% +0.17
GOOG Alphabet Inc. Class C Reduce -1.7% 2.96% +0.24
NVDA Nvidia Corp. Reduce -1.5% 35.25% +0.54

Portfolio Buys Q1 2026 → Q2 2026
XLK SS Technology Select Sector Add +1.6% 4.19% +0.99
CSCO Cisco Systems Inc. Add +0.0% 1.73% +0.46
LLY Eli Lilly & Co. Add +36.0% 0.79% +0.30
XCEM Columbia Em Core Ex-China Add +2.6% 1.08% +0.18
IHAK iShares Cybersecurity & Tech Add +0.1% 0.63% +0.13
PEN Penumbra Inc. New 0.12% +0.12
IVV iShares Core S&P 500 ETF Add +7.1% 1.14% +0.11
VWO Vanguard Ftse Emerging Marke Add +6.9% 1.38% +0.08
MAS Masco Corp. Add +1.9% 0.33% +0.06
VEA Vanguard Ftse Developed ETF Add +1.2% 5.43% +0.06
AMZN Amazon.com Inc. Add +0.8% 1.55% +0.05
INTC Intel Corp. New 0.05% +0.05
ETN Eaton Corp. PLC New 0.04% +0.04
AMD Advanced Micro Devices New 0.04% +0.04
ABBV Abbvie Inc. Add +2.2% 0.64% +0.04
QQQM Invesco Nasdaq 100 ETF New 0.04% +0.04
B Barrick Mining Corp. New 0.03% +0.03
CAT Caterpillar Inc. Add +25.1% 0.08% +0.03
VGT Vanguard Info Tech ETF New 0.03% +0.03
MU Micron Technology Inc. New 0.03% +0.03
KLAC KLA Corp. New 0.03% +0.03
TXN Texas Instruments Inc. New 0.03% +0.03
HIMS Hims & Hers Health Inc. New 0.03% +0.03
SOXX iShares Semiconductor ETF New 0.03% +0.03
GLW Corning Inc. New 0.02% +0.02
TSLA Tesla Inc. Add +77.5% 0.05% +0.02
V Visa Inc. Class A Add +0.0% 1.14% +0.02
VTI VG Morningstar TS MKT ETF-US New 0.02% +0.02
BP BP PLC-Spons ADR New 0.02% +0.02
RCL Royal Caribbean Cruises Ltd. Add +2.5% 0.31% +0.02
XLF SS Financial Select Sector Add +4.3% 0.63% +0.01
NEM Newmont Corp. Add +59.5% 0.05% +0.01
XLV SS Health Care Select Sector Add +4.4% 0.48% +0.01
AVGO Broadcom Inc. Add +1.4% 0.06% +0.01
XLY SS Consumer Disc Select Sect Add +4.7% 0.41% +0.01
GS Goldman Sachs Group Inc. Add +1.8% 0.05% +0.00
SCHO Schwab Short-Term US Treas Add +14.5% 0.06% +0.00
XME SS SPDR S&P Metals Mining Add +10.2% 0.03% −0.00
JNJ Johnson & Johnson Add +2.8% 0.15% −0.01
XLB SS Materials Select Sector Add +3.9% 0.19% −0.01
KO The Coca-Cola Co. Add +0.7% 0.32% −0.01
JPST JPMorgan Ultra-Short Income Add +0.3% 0.10% −0.01
WMT Walmart Inc. Add +1.1% 0.06% −0.01
ORCL Oracle Corp. Add +2.5% 0.17% −0.02
XLP SS Consumer Staples Sel Sect Add +3.7% 0.28% −0.02
XYL Xylem Inc. Add +0.9% 0.26% −0.03
XLC SS Comm Select Sector SPDR Add +5.5% 0.41% −0.04
DIS The Walt Disney Co. Add +0.8% 0.41% −0.04
SCHW Schwab (charles) Corp. Add +1.4% 0.39% −0.05
CRM Salesforce Inc. Add +1.9% 0.15% −0.05

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