Nellore Capital Management portfolio

What changed this quarter

8 positions with a change (5 added to, 2 trimmed, 1 sold). 4 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• MercadoLibre+25%more sharesIncreased
  15.9% → 16.9%
• Coupang+13%more sharesIncreased
  8.1% → 7.3%
• Veeva Systems+8.3%more sharesIncreased
  10.0% → 9.5%
• Microsoft−44%fewer sharesReduced
  1.7% → 0.8%

The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight?: what it bought or sold, excluding price effects.

Top holdings

• Amazon.comAMZN28.9%Since at least Q4 2020 · 23 quartersDetails ▾
• AlphabetGOOGL · GOOG17.9%Since at least Q4 2020 · 23 quartersDetails ▾
• MercadoLibreMELI16.9%Since at least Q4 2020 · 23 quartersDetails ▾
• AppFolioAPPF11.7%Since Q1 2022 · 18 quartersDetails ▾
• Veeva SystemsVEEV9.5%Since Q1 2022 · 18 quartersDetails ▾
• CoupangCPNG7.3%Since Q3 2023 · 12 quartersDetails ▾
• DoorDashDASH4.1%Since at least Q4 2020 · 23 quartersDetails ▾
• TruBridge2.9%Since Q1 2025 · 6 quartersDetails ▾
• MicrosoftMSFT0.8%Since Q2 2022 · 17 quartersDetails ▾

“Since”: first quarter of the current run, unbroken until today. In the details, prices are the quarter-end prices of the quarters in which it added shares, per the 13F. The manager may have bought at any price within each quarter; the SEC only publishes the value at quarter end.