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Livermore
Livermore
ZHEN

Nelson Capital Management, LLC

SEC CIK
0001512611
Latest filing
Jul 24, 2026

The latest 13F from Nelson Capital Management, LLC covers Q2 2026 (filed Jul 24, 2026): 120 long positions worth $911.6M. The top 10 holdings make up 65.4% of the portfolio, and the largest is NVIDIA Corp (NVDA) at 35.3%. Livermore has 22 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
16
Est. +$5.22M
Added
39
Est. +$9.80M
Reduced
44
Est. −$14.8M
Sold out
4
Est. −$2.68M

Top 5 holdings

Share of this quarter's portfolio value

  1. NVDANVIDIA Corp
    35.3%$321.3MHistory
  2. Vanguard Ftse Developed Markets ETF921943858
    5.4%$49.5M
  3. iShares Tr464288646
    4.5%$40.7M
  4. State Street Technology Select Sector SPDR ETF81369Y803
    4.2%$38.2M
  5. GOOGAlphabet Inc.
    3.0%$27.0MHistory

Share of portfolio

Top 5 holdings and the other 115 positions, by share of portfolio value

  1. NVDA35.3%
  2. Vanguard Ftse Developed Markets ETF5.4%
  3. iShares Tr4.5%
  4. State Street Technology Select Sector SPDR ETF4.2%
  5. GOOG3.0%
  6. Other 115 positions47.7%

Biggest buys

New and added positions, by estimated amount bought

  1. iShares Tr464288646
    +$2.70MAdded
  2. LLYEli Lilly & Co
    +$1.91MAddedHistory
  3. PENPenumbra Inc
    +$1.10MNewHistory
  4. Vanguard Ftse Emerging Markets ETF922042858
    +$812.0KAdded
  5. iShares Core S&P 500 ETF464287200
    +$687.5KAdded

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. State Street Technology Select Sector SPDR ETF81369Y803
    +0.99 pp3.2% → 4.2%
  2. CSCOCisco Systems, Inc.
    +0.46 pp1.3% → 1.7%History
  3. LLYEli Lilly & Co
    +0.30 pp0.5% → 0.8%History
  4. Columbia ETF Tr II19762B202
    +0.18 pp0.9% → 1.1%
  5. iShares Tr46435U135
    +0.13 pp0.5% → 0.6%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. NVDANVIDIA Corp
    −$4.87MReducedHistory
  2. AMGNAmgen Inc
    −$4.37MReducedHistory
  3. BSXBoston Scientific Corp
    −$1.65MSold outHistory
  4. J P Morgan Exchange Traded F46641Q332
    −$632.7KReduced
  5. NVRIEnviri Corp
    −$565.5KSold outHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. AMGNAmgen Inc
    −0.53 pp0.6% → 0.1%History
  2. AEMAgnico Eagle Mines Ltd
    −0.43 pp1.4% → 0.9%History
  3. SPDR Series Trust78468R101
    −0.38 pp3.1% → 2.8%
  4. BSXBoston Scientific Corp
    −0.20 pp0.2% → 0.0%History
  5. COSTCostco Wholesale Corp
    −0.20 pp1.2% → 1.0%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$911.6M
+$92.4M (+11.3%) vs. prior quarter
Positions
120
+12 vs. prior quarter
Top 10 concentration
65.4%
Top 10 as share of value
Turnover
1.7%
Q2 2026, one quarter
Average holding period
18.2 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $911.6M (Q2 2026)

Q1 2021: $467.5MQ2 2021: $494.1MQ3 2021: $502.7MQ4 2021: $540.7MQ1 2022: $511.3MQ2 2022: $362.1MQ3 2022: $340.3MQ4 2022: $340.8MQ1 2023: $352.1MQ2 2023: $387.2MQ3 2023: $407.8MQ4 2023: $447.0MQ1 2024: $523.1MQ2 2024: $563.5MQ3 2024: $593.6MQ4 2024: $602.7MQ1 2025: $579.0MQ2 2025: $756.5MQ3 2025: $839.7MQ4 2025: $854.6MQ1 2026: $819.2MQ2 2026: $911.6M
Q1 2021Q2 2026
13F filings of Nelson Capital Management, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 24, 2026120$911.6MNVDAVanguard Ftse Developed Markets ETFiShares Trvs. Q1 2026SEC
Q1 2026May 7, 2026108$819.2MNVDAVanguard Ftse Developed Markets ETFiShares Trvs. Q4 2025SEC
Q4 2025Feb 10, 2026107$854.6MNVDAVanguard Ftse Developed Markets ETFiShares Trvs. Q3 2025SEC
Q3 2025Nov 13, 2025108$839.7MNVDAVanguard Ftse Developed Markets ETFMSFTvs. Q2 2025SEC
Q2 2025Jul 23, 2025101$756.5MNVDAMSFTVanguard Ftse Developed Markets ETFvs. Q1 2025SEC
Q1 2025May 6, 2025101$579.0MNVDAMSFTiShares Trvs. Q4 2024SEC
Q4 2024Feb 5, 2025107$602.7MNVDAMSFTAAPLvs. Q3 2024SEC
Q3 2024Nov 4, 2024109$593.6MNVDAMSFTVanguard Ftse Developed Markets ETFvs. Q2 2024SEC
Q2 2024Aug 8, 2024105$563.5MNVDAMSFTVanguard Ftse Developed Markets ETFvs. Q1 2024SEC
Q1 2024May 7, 2024103$523.1MNVDAMSFTVanguard Ftse Developed Markets ETFvs. Q4 2023SEC
Q4 2023Jan 26, 202494$447.0MNVDAMSFTiShares Trvs. Q3 2023SEC
Q3 2023Nov 14, 202391$407.8MNVDAMSFTiShares Trvs. Q2 2023SEC
Q2 2023Aug 10, 202391$387.2MMSFTiShares TrNVDAvs. Q1 2023SEC
Q1 2023May 9, 202389$352.1MMSFTVanguard Ftse Developed Markets ETFAAPLvs. Q4 2022SEC
Q4 2022Feb 3, 202390$340.8MMSFTVanguard Morningstar Small-Cap ETFAAPLvs. Q3 2022SEC
Q3 2022Nov 3, 202297$340.3MMSFTAAPLKOvs. Q2 2022SEC
Q2 2022Jul 27, 202298$362.1MMSFTKOiShares Core S&P 500 ETFvs. Q1 2022SEC
Q1 2022May 2, 2022105$511.3MJPMorgan Ultra-Short Income ETFMSFTAAPLvs. Q4 2021SEC
Q4 2021Feb 14, 2022106$540.7MJPMorgan Ultra-Short Income ETFSPDR Series TrustMSFTvs. Q3 2021SEC
Q3 2021Nov 9, 202198$502.7MSPDR Series TrustJPMorgan Ultra-Short Income ETFMSFTvs. Q2 2021SEC
Q2 2021Aug 10, 202198$494.1MSPDR Series TrustJPMorgan Ultra-Short Income ETFMSFTvs. Q1 2021SEC
Q1 2021May 10, 202198$467.5MSPDR Series TrustJPMorgan Ultra-Short Income ETFVanguard Morningstar Small-Cap ETF–SEC