Nellore Capital Management LLC
Long book
$782.6M
Q1 2026
Positions
11
Top-10 weight
100%
concentration
Last quarter
+13.8%
SPY +14.8%
Turnover
17%
of book per quarter
Strategy in plain words
auto-generated from filingsNellore Capital Management LLC is a concentrated fundamental stock-picker, running a $782.6M US long book across 11 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is modest: positions are typically held for years. Current anchor positions: AMAZON.COM INC, MERCADOLIBRE INC, APPFOLIO INC - A, VEEVA SYSTEMS INC-CLASS A, ALPHABET INC-CL A.
Over the last 9 quarters its long book ran on average 2.1pp per quarter behind the S&P 500, beating the index in 2 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+1.5%
Q2 2024
+4.6%
Q3 2024
+4.5%
Q4 2024
-4.6%
Q1 2025
+22.1%
Q2 2025
+5.0%
Q3 2025
-7.7%
Q4 2025
-17.9%
Q1 2026
+13.8%
Sector allocation
Technology 43%
Consumer discretionary 37%
Services media 20%
Long book by quarter
What does Nellore Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AMZN AMAZON.COM INC | Consumer discretionary | 1.1M | $225.1M | 28.8% | +6.3% |
| MELI MERCADOLIBRE INC | Services media | 72.0K | $124.4M | 15.9% | +11.6% |
| APPF APPFOLIO INC - A | Technology | 636.3K | $100.4M | 12.8% | +20.1% |
| VEEV VEEVA SYSTEMS INC-CLASS A | Technology | 447.3K | $78.6M | 10.0% | +35.4% |
| GOOGL ALPHABET INC-CL A | Technology | 252.5K | $72.6M | 9.3% | +46.4% |
| CPNG COUPANG INC | Consumer discretionary | 3.3M | $63.1M | 8.1% | -24.8% |
| GOOG ALPHABET INC-CL C | Technology | 200.7K | $57.6M | 7.4% | +3.6% |
| DASH DOORDASH INC - A | Services media | 216.0K | $32.4M | 4.1% | +7.5% |
| TBRG TRUBRIDGE INC | Technology | 988.4K | $14.5M | 1.8% | +8.0% |
| MSFT MICROSOFT CORP | Technology | 36.7K | $13.6M | 1.7% | -61.7% |
| MNDY MONDAY.COM LTD | Technology | 5.0K | $346K | 0.0% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 11 | $782.6M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 11 | $893.3M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 14 | $916.8M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 14 | $892.0M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 16 | $735.0M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 17 | $765.6M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 16 | $733.8M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 15, 2024 | 13 | $663.0M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 12 | $647.2M | canonical | SEC ↗ |
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