HMI Capital Management, L.P. — 13F Holdings & Portfolio
CIK 1469026 · latest 13F-HR filed 2026-08-14
HMI Capital Management, L.P. manages $712.4M in 13F-reported U.S. long-equity assets across 14 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are AMZN (14.25%), TOST (13.69%), NCNO (11.45%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 6 new positions and exited 4; 1 existing position rose in reported value and 5 fell.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
Long-equity book
Distinct positions
Filed 2026-08-14
vs 2026-03-31
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
| Name | Title / Status | Ownership | Type |
|---|
Quarter-over-quarter changes
Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.
Top Trims
- COUPANG INC-$34.3M -30.9%
- NCINO INC-$19.9M -19.6%
- TRADEWEB MKTS INC-$9.2M -16.8%
- AMAZON COM INC-$8.7M -7.9%
- MICROSOFT CORP-$4.9M -7.3%
New Positions
- SPOTIFY TECHNOLOGY S A$42.0M
- ADVANCED MICRO DEVICES INC$34.2M
- LPL FINL HLDGS INC$33.4M
- NVIDIA CORPORATION$32.6M
- DOORDASH INC$26.5M
Exited Positions
- GITLAB INC$57.4M
- KLARNA GROUP PLC$54.0M
- ROBLOX CORP$43.4M
- FAIR ISAAC CORP$28.4M
HMI Capital Management, L.P. Holdings (2026-06-30)
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | AMAZON COM INC | AMZN | 023135106 | $101.5M | 14.25% | 425,950 | SH |
| 2 | TOAST INC | TOST | 888787108 | $97.5M | 13.69% | 3,504,744 | SH |
| 3 | NCINO INC | NCNO | 63947X101 | $81.6M | 11.45% | 4,990,713 | SH |
| 4 | COUPANG INC | CPNG | 22266T109 | $76.7M | 10.77% | 4,415,300 | SH |
| 5 | MICROSOFT CORP | MSFT | 594918104 | $61.7M | 8.66% | 165,300 | SH |
| 6 | TRADEWEB MKTS INC | TW | 892672106 | $45.4M | 6.37% | 455,400 | SH |
| 7 | SPOTIFY TECHNOLOGY S A | SPOT | L8681T102 | $42.0M | 5.90% | 91,500 | SH |
| 8 | SERVICENOW INC | NOW | 81762P102 | $41.3M | 5.80% | 416,100 | SH |
| 9 | ADVANCED MICRO DEVICES INC | AMD | 007903107 | $34.2M | 4.79% | 58,800 | SH |
| 10 | LPL FINL HLDGS INC | LPLA | 50212V100 | $33.4M | 4.69% | 118,600 | SH |
| 11 | NVIDIA CORPORATION | NVDA | 67066G104 | $32.6M | 4.57% | 162,800 | SH |
| 12 | DOORDASH INC | DASH | 25809K105 | $26.5M | 3.71% | 143,400 | SH |
| 13 | COUPANG INC Call | CPNG | 22266T109 | $26.1M | 3.66% | 1,500,000 | SH |
| 14 | APPFOLIO INC | APPF | 03783C100 | $12.0M | 1.69% | 75,000 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-08-14 | $712.4M | 14 | 0001469026-26-000005 |
| 2026-03-31 | 2026-05-15 | $754.3M | 11 | 0001469026-26-000004 |
| 2025-12-31 | 2026-02-17 | $1.22B | 10 | 0001469026-26-000002 |
| 2025-09-30 | 2025-11-14 | $1.73B | 12 | 0001469026-25-000007 |
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