HMI Capital Management, L.P. reported 13 positions worth $686.31M for the quarter ended Jun 30, 2026, down 9.0% on the prior quarter. It opened 6 new positions, added to 1, trimmed 6 and exited 4. Its largest holding is Amazon Com Inc at 14.8% of the portfolio.
Reported 13F market value at each quarter end. A change mixes trading with price moves in the positions held.
Dollar value of shares bought and sold each quarter, at that quarter’s price. It counts trading only, not price changes.
How many positions were opened, added to, trimmed or closed each quarter.
Share of reported value in each sector at every quarter end.
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| SPOT Spotify Technology S.A. | +91.5K | – | $42.01M | 6.12% |
| AMD Advanced Micro Devices Inc | +58.8K | – | $34.16M | 4.98% |
| LPLA LPL Financial Holdings Inc. | +118.6K | – | $33.41M | 4.87% |
| NVDA Nvidia Corp | +162.8K | – | $32.57M | 4.75% |
| DASH DoorDash, Inc. | +143.4K | – | $26.46M | 3.86% |
| NOW ServiceNow, Inc. | +166.3K | +66.6% | $16.51M | 6.02% |
| APPF Appfolio Inc | +75.0K | – | $12.03M | 1.75% |
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| GTLB Gitlab Inc. | -2.65M | -100.0% | $57.38M | Exited |
| KLAR Klarna Group plc | -4.12M | -100.0% | $53.98M | Exited |
| RBLX Roblox Corp | -767.3K | -100.0% | $43.40M | Exited |
| NCNO nCino, Inc. | -1.79M | -26.4% | $29.22M | 11.89% |
| FICO Fair Isaac Corp | -26.6K | -100.0% | $28.40M | Exited |
| CPNG Coupang, Inc. | -1.47M | -24.9% | $25.46M | 11.17% |
| AMZN Amazon Com Inc | -103.2K | -19.5% | $24.60M | 14.79% |
| TOST Toast, Inc. | -310.2K | -8.1% | $8.63M | 14.21% |
| MSFT Microsoft Corp | -14.4K | -8.0% | $5.37M | 8.98% |
| TW Tradeweb Markets Inc. | -8,300 | -1.8% | $827.18K | 6.61% |
| Holding | Shares | Trade Value | Weight |
|---|---|---|---|
| SPOT Spotify Technology S.A. | +91.5K | $42.01M | 6.12% |
| AMD Advanced Micro Devices Inc | +58.8K | $34.16M | 4.98% |
| LPLA LPL Financial Holdings Inc. | +118.6K | $33.41M | 4.87% |
| NVDA Nvidia Corp | +162.8K | $32.57M | 4.75% |
| DASH DoorDash, Inc. | +143.4K | $26.46M | 3.86% |
| APPF Appfolio Inc | +75.0K | $12.03M | 1.75% |
| # | Activity | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 | AMZN Amazon Com Inc | Consumer Discretionary | 426.0K | $101.52M | 14.79% | -103.2K | -19.5% | Reduced | 0% |
| 2 | TOST Toast, Inc. | Technology | 3.50M | $97.50M | 14.21% | -310.2K | -8.1% | Reduced | 0.61% |
| 3 | NCNO nCino, Inc. | Technology | 4.99M | $81.60M | 11.89% | -1.79M | -26.4% | Reduced | 4.59% |
| 4 | CPNG Coupang, Inc. | Consumer Discretionary | 4.42M | $76.69M | 11.17% | -1.47M | -24.9% | Reduced | 0.27% |
| 5 | MSFT Microsoft Corp | Technology | 165.3K | $61.66M | 8.98% | -14.4K | -8.0% | Reduced | 0% |
| 6 | TW Tradeweb Markets Inc. | Financial Services | 455.4K | $45.39M | 6.61% | -8,300 | -1.8% | Reduced | 0.4% |
| 7 | SPOT Spotify Technology S.A. | Technology | 91.5K | $42.01M | 6.12% | +91.5K | – | New | 0.04% |
| 8 | NOW ServiceNow, Inc. | Technology | 416.1K | $41.31M | 6.02% | +166.3K | +66.6% | Added | 0.04% |
| 9 | AMD Advanced Micro Devices Inc | Technology | 58.8K | $34.16M | 4.98% | +58.8K | – | New | 0% |
| 10 | LPLA LPL Financial Holdings Inc. | Financial Services | 118.6K | $33.41M | 4.87% | +118.6K | – | New | 0.15% |
| 11 | NVDA Nvidia Corp | Technology | 162.8K | $32.57M | 4.75% | +162.8K | – | New | 0% |
| 12 | DASH DoorDash, Inc. | Technology | 143.4K | $26.46M | 3.86% | +143.4K | – | New | 0.03% |
| 13 | APPF Appfolio Inc | Technology | 75.0K | $12.03M | 1.75% | +75.0K | – | New | 0.21% |
Tip. Select a row to see that position’s full history at HMI Capital Management.
As of its Q2 2026 13F filing, HMI Capital Management, L.P.’s five largest positions were Amazon Com Inc (AMZN) at 14.8%, Toast, Inc. (TOST) at 14.2%, nCino, Inc. (NCNO) at 11.9%, Coupang, Inc. (CPNG) at 11.2%, Microsoft Corp (MSFT) at 9.0% of the reported portfolio.
HMI Capital Management, L.P. reported a 13F portfolio worth $686.31M across 13 positions for Q2 2026. That is down 9.0% from the previous quarter.
Its largest purchases by value were Spotify Technology S.A. ($42.01M), Advanced Micro Devices Inc ($34.16M), LPL Financial Holdings Inc. ($33.41M). It opened 6 new positions.
Its largest sales by value were Gitlab Inc. ($57.38M), Klarna Group plc ($53.98M), Roblox Corp ($43.40M). It exited 4 positions entirely.
From the Form 13F-HR reports HMI Capital Management, L.P. files with the SEC each quarter, within 45 days of quarter end. A 13F lists long positions in US-listed equities and options; it excludes short positions, cash, bonds and most non-US holdings.
13F data reflects long positions in US-listed equities and options as reported to the SEC up to 45 days after quarter end. It excludes short positions, cash, bonds and most non-US securities, so it is not a complete picture of a manager’s assets.