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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
+22.33%
1 Year Est. Return
+2.58%
3 Year Est. Return
+79.28%
5 Year Est. Return
+53.75%
10 Year Est. Return
–
AUM
$892M
AUM Growth
+$157M
(+21%)
Cap. Flow
-$1.22M
Cap. Flow
% of AUM
-0.14%
Top 10 Holdings %
Top 10 Hldgs %
98.45%
Holding
17
New
1
Increased
5
Reduced
6
Closed
3
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
AppFolio
APPF
|
+$22.7M |
| 2 |
TBRG
TruBridge
TBRG
|
+$11.5M |
| 3 |
Amazon
AMZN
|
+$8.91M |
| 4 |
Coupang
CPNG
|
+$5.88M |
| 5 |
Zillow
ZG
|
+$3.04M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Salesforce
CRM
|
+$20.4M |
| 2 |
ENFN
Enfusion, Inc.
ENFN
|
+$9.68M |
| 3 |
Veeva Systems
VEEV
|
+$7.44M |
| 4 |
Microsoft
MSFT
|
+$6.51M |
| 5 |
Mercado Libre
MELI
|
+$4.67M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 59.88% |
| 2 | Technology | 21.5% |
| 3 | Healthcare | 11.85% |
| 4 | Communication Services | 6.74% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Amazon
AMZN
$2.49T
| $216M | 24.23% |
985,000
+45,000
| +5% | +$8.91M |
|
|
2
Mercado Libre
MELI
$92.3B
| $166M | 18.61% |
63,508
-2,000
| -3% | -$4.67M |
|
|
3
AppFolio
APPF
$5.98B
| $117M | 13.09% |
506,892
+104,153
| +26% | +$22.7M |
|
|
4
Coupang
CPNG
$28.6B
| $95.9M | 10.75% |
3,201,575
+229,594
| +8% | +$5.88M |
|
|
5
Veeva Systems
VEEV
$31.6B
| $89.7M | 10.05% |
311,345
-30,000
| -9% | -$7.44M |
|
|
6
Microsoft
MSFT
$2.89T
| $67.7M | 7.6% |
136,200
-15,000
| -10% | -$6.51M |
|
7
DoorDash
DASH
$80.3B
| $56.1M | 6.29% |
227,743
-20,000
| -8% | -$4.01M |
|
8
Alphabet (Google) Class C
GOOG
$3.99T
| $34.4M | 3.85% |
193,700
-2,500
| -1% | -$413K |
|
|
9
Alphabet (Google) Class A
GOOGL
$3.99T
| $19.5M | 2.18% |
110,500
-7,500
| -6% | -$1.23M |
|
|
TBRG
10
DELISTED
TruBridge
TBRG
| $16M | 1.8% |
683,921
+467,016
| +215% | +$11.5M |
|
|
11
Zillow
ZG
$7.32B
| $6.32M | 0.71% |
92,232
+45,932
| +99% | +$3.04M |
|
12
Shopify
SHOP
$165B
| $4.8M | 0.54% |
41,590
| – | – |
|
|
CWAN
13
DELISTED
Clearwater Analytics
CWAN
| $2.51M | 0.28% |
+114,517
| New | +$2.63M |
|
|
14
Salesforce
CRM
$142B
| – | – |
-75,968
| Closed | -$20.4M |
|
15
Tesla
TSLA
$1.22T
| – | – |
-5,000
| Closed | -$1.3M |
|
|
ENFN
16
DELISTED
Enfusion, Inc.
ENFN
| – | – |
-868,085
| Closed | -$9.68M |
|
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Nellore Capital Management's Q2 2025 Portfolio in Review
As of Q2 2025, Nellore Capital Management held 17 positions worth $892M, up 21% from $735M the previous quarter. Its ten largest holdings account for 98% of the portfolio.
Nellore Capital Management's Q2 2025 filing shows 1 new, 5 increased, 6 reduced and 3 closed positions. Its largest new stake was Clearwater Analytics: 114,517 shares worth $2.51M. The largest sale was Salesforce, an estimated $20.4M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 60% of assets, up from 57% a quarter earlier, followed by Technology and Healthcare.
- Nellore Capital Management's largest Q2 2025 buy was Clearwater Analytics: 114,517 shares worth $2.51M.
- Nellore Capital Management added most to AppFolio in Q2 2025, an estimated $22.7M increase.
- Nellore Capital Management's biggest Q2 2025 reduction was Veeva Systems, cutting an estimated $7.44M.
- Nellore Capital Management fully exited Salesforce in Q2 2025, selling an estimated $20.4M.
- Nellore Capital Management's ten largest holdings make up 98% of its $892M portfolio in Q2 2025.
- Nellore Capital Management opened 1 new position and closed 3 in Q2 2025.
- Nellore Capital Management's portfolio value rose 21% quarter-over-quarter to $892M.
Based on Nellore Capital Management's 13F filing for Q2 2025, filed 14 Aug 2025.