Stocks/Funds/CIK 1846677

Nellore Capital Management LLC

long-term holderconcentrated
Quarterly 13F filings · Latest period 2026-03-31 · CIK 1846677
Assets
$783M
+6.5% YoY
Holdings
11
Lifetime alpha vs market
-3.14% annual
Average hold time
4.2 yr
median 5.0 yr

Quarterly history

Cum return +34% vs S&P +52% · α -18% lifetimeAUM $783M · peak $917MFlow $56M (+6%)2020-122021-122022-122023-122024-122025-122026-03
AUM ($B)fundS&P 500(gap = α)/ Flow in/out

Behavior signals (lifetime)

Dip response
+13.93%
adds when stocks drop
when a holding falls −10%+
Middle response
+5.46%
steady accumulation
Rally response
-4.08%
trims into rallies
when a holding rises +10%+

Top positions · 11

Ticker$ value% portYoYHold time
AMZNAmazon.com, Inc.$225M28.8%+9.5%5.5 yr
MELIMercadoLibre, Inc.$124M15.9%-11.4%5.5 yr
APPFAppFolio, Inc.$100M12.8%-28.2%4.3 yr
VEEVVeeva Systems Inc.$79M10.0%-24.2%4.3 yr
GOOGLAlphabet Inc.$73M9.3%5.0 yr
CPNGCoupang, Inc.$63M8.1%-13.9%3.8 yr
GOOGAlphabet Inc.$58M7.4%+84.3%5.5 yr
DASHDoorDash, Inc.$32M4.1%-17.8%5.5 yr
TBRGTruBridge, Inc.$14M1.8%-46.8%1.3 yr
MSFTMicrosoft Corporation$14M1.7%-0.6%5.0 yr
MNDYmonday.com Ltd.$0M0.0%-71.6%0.5 yr

Portfolio composition (YoY)

Industry mix
Specialty Retail52.7%+2.1pp$413M
Internet Content & Information20.8%+7.5pp$163M
Software - Application12.9%-3.8pp$101M
Medical - Healthcare Information Services11.9%+0.3pp$93M
Software - Infrastructure1.7%-6.0pp$14M
Country
US76.0%+2.8pp
UY15.9%-1.5pp
KR8.1%-0.8pp
IL0.0%
Top 5: 76.8% · Top 10: 100.0% · Top 25: 100.0%

Winners

TickerPrev $PnLYoY %
GOOG$31M+0.03B84.3%
AMZN$179M+0.02B9.5%
MSFT$57M-0.00B-0.6%
TBRG$6M-0.00B-46.8%
DASH$45M-0.01B-17.8%

Losers

TickerPrev $PnLYoY %
APPF$89M-0.03B-28.2%
VEEV$79M-0.02B-24.2%
MELI$128M-0.01B-11.4%
CPNG$65M-0.01B-13.9%
DASH$45M-0.01B-17.8%

Top buys this quarter · 8

VEEV Veeva Systems Inc.+$21M
APPF AppFolio, Inc.+$100M
AMZN Amazon.com, Inc.+$225M
MELI MercadoLibre, Inc.+$124M
DASH DoorDash, Inc.+$32M
GOOG Alphabet Inc.+$58M
TBRG TruBridge, Inc.+$14M
GOOGL Alphabet Inc.+$0M

Top sells this quarter · 3

MSFT Microsoft Corporation$22M
CPNG Coupang, Inc.$21M
TSLA Tesla, Inc.exit$0M

Quarterly history (TTM returns)

PeriodAUM# PosReturn (1yr)SPY (1yr)Alpha (1yr)Flow
2026-03-31$783M11-5.46%+17.59%-23.05%+0.06B
2025-12-31$893M11+11.69%+17.72%-6.03%+0.06B
2025-09-30$917M14+27.59%+17.52%+10.07%-0.01B
2025-06-30$892M13+29.36%+14.94%+14.42%-0.01B
2025-03-31$735M15+6.90%+8.30%-1.40%-0.00B
2024-12-31$765M16+29.09%+24.89%+4.20%+0.00B
2024-09-30$734M15+43.90%+36.04%+7.86%+0.03B
2024-06-30$663M13+36.55%+24.49%+12.06%+0.01B
2024-03-31$647M12+51.89%+29.62%+22.27%+0.02B
2023-12-31$544M11+73.91%+26.18%+47.73%-0.07B
2023-09-30$532M11+41.77%+21.57%+20.21%-0.00B
2023-06-30$534M15+39.51%+19.42%+20.08%+0.02B
2023-03-31$461M16-12.75%-7.82%-4.93%-0.08B
2022-12-31$406M16-5.32%+7.56%-12.88%+0.03B
2022-09-30$395M18-1.25%-4.93%+3.67%+0.03B
2022-06-30$374M18-29.79%-16.11%-13.68%+0.06B