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NCM

Nellore Capital Management Portfolio holdings

AUM $783M
1-Year Est. Return 2.58%
This Fund
S&P 500
This Quarter Est. Return
+31.31%
1 Year Est. Return
+2.58%
3 Year Est. Return
+79.28%
5 Year Est. Return
+53.75%
10 Year Est. Return
–
AUM
$461M
AUM Growth
+$54.7M
Cap. Flow
-$58.2M
Cap. Flow %
-12.62%
Top 10 Hldgs %
97.81%
Holding
18
New
2
Increased
4
Reduced
3
Closed
2

Top Buys

Rank Stock Value
1
MSFT icon
Microsoft
MSFT
+$7.14M
2
AMZN icon
Amazon
AMZN
+$3.86M
3
DDOG icon
Datadog
DDOG
+$734K
4
VEEV icon
Veeva Systems
VEEV
+$512K
5
APPF icon
AppFolio
APPF
+$248K

Top Sells

Rank Stock Value
1
CRM icon
Salesforce
CRM
+$21.1M
2
MELI icon
Mercado Libre
MELI
+$9.1M
3
GOOG icon
Alphabet (Google) Class C
GOOG
+$4.35M
4
RDFN
Redfin
RDFN
+$509K

Sector Composition

Rank Sector Weight
1 Technology 39.74%
2 Consumer Discretionary 36.74%
3 Communication Services 11.53%
4 Healthcare 7.98%
5 Industrials 0.66%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CRM icon
1
Salesforce
CRM
$142B
$100M 21.7%
500,939
-125,000
-20% -$21.1M
AMZN icon
2
Amazon
AMZN
$2.49T
$75.7M 16.42%
733,000
+40,000
+6% +$3.86M
MELI icon
3
Mercado Libre
MELI
$92.3B
$68.5M 14.84%
51,937
-8,000
-13% -$9.1M
MSFT icon
4
Microsoft
MSFT
$2.89T
$60.4M 13.1%
209,500
+28,000
+15% +$7.14M
GOOG icon
5
Alphabet (Google) Class C
GOOG
$3.99T
$37.7M 8.18%
362,700
-45,000
-11% -$4.35M
VEEV icon
6
Veeva Systems
VEEV
$31.6B
$36.8M 7.98%
200,178
+3,000
+2% +$512K
DASH icon
7
DoorDash
DASH
$80.3B
$25.3M 5.48%
397,443
– –
APPF icon
8
AppFolio
APPF
$5.98B
$22.1M 4.79%
177,337
+2,057
+1% +$248K
GOOGL icon
9
Alphabet (Google) Class A
GOOGL
$3.99T
$15.5M 3.35%
149,000
– –
GRUB
10
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
$3.04M 0.66%
798,963
– –
DDOG icon
11
Datadog
DDOG
$89.7B
$727K 0.16%
+10,000
New +$734K
RDFN
12
DELISTED
Redfin
RDFN
– –
-120,000
Closed -$509K

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Nellore Capital Management's Q1 2023 Portfolio in Review

As of Q1 2023, Nellore Capital Management held 18 positions worth $461M, up 13% from $406M the previous quarter. Its ten largest holdings account for 98% of the portfolio.

Nellore Capital Management withdrew a net $58.2M in Q1 2023, closing 2 positions and reducing 3 holdings. Its most notable exit was Redfin, an estimated $509K position sold in full.

By sector, the portfolio is most concentrated in Technology at 40% of assets, up from 36% a quarter earlier, followed by Consumer Discretionary and Communication Services.

Against the trend, Nellore Capital Management opened a new position in Datadog worth $727K.

  • Nellore Capital Management's largest Q1 2023 buy was Datadog: 10,000 shares worth $727K.
  • Nellore Capital Management added most to Microsoft in Q1 2023, an estimated $7.14M increase.
  • Nellore Capital Management's biggest Q1 2023 reduction was Salesforce, cutting an estimated $21.1M.
  • Nellore Capital Management fully exited Redfin in Q1 2023, selling an estimated $509K.
  • Nellore Capital Management's ten largest holdings make up 98% of its $461M portfolio in Q1 2023.
  • Nellore Capital Management opened 2 new positions and closed 2 in Q1 2023.
  • Nellore Capital Management's portfolio value rose 13% quarter-over-quarter to $461M.

Based on Nellore Capital Management's 13F filing for Q1 2023, filed 12 May 2023.