HMI Capital Management, L.P.
Registered adviserRegulatory profile
From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.
| Rosters | Regulatory AUM | Main clients |
|---|---|---|
| Apr 2026 to Nov 2026 | $2,152,424,287 | Pooled investment vehicles (100%) |
| Apr 2025 to Mar 2026 | $3,218,050,238 | Pooled investment vehicles (100%) |
| Apr 2024 to Mar 2025 | $3,506,017,116 | Pooled investment vehicles (100%) |
| May 2023 to Mar 2024 | $3,085,032,942 | Pooled investment vehicles (100%) |
| Apr 2023 | $3,085,032,942 | Pooled investment vehicles (100%) |
| Apr 2022 to Mar 2023 | $5,303,068,368 | Pooled investment vehicles (100%) |
Schedule 13D/13G stakes
Stakes of 5% or more disclosed on Schedule 13D or 13G, each on the filer's latest filing for the security. These are event-dated stakes, not the quarter-end 13F portfolio below.
No stake currently held at or above 5%.
A 13D or 13G stays in force until its filer amends it and no amendment is due without a material change, so a stake with no filing in 24 months reads unconfirmed, never sold. An amendment reporting under 5% ends the filer's duty to amend, not necessarily the holding. Shares are restated onto today's split basis. Show 4 exited, below-5% or retired stakes
Portfolio style
Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.
Closest benchmark: the Nasdaq-100 as of 2026-06-30, active share 82.4%; sector active share 46.1% against the combined 13F book's sector weights.
Over time 26 measured quarters
How the bands are measured
Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.
Clone Performance
Build a hypothetical price-return history from this filer's public 13F holdings.
View clone backtestPortfolio Concentration
13 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026Portfolio Trend
Sector Breakdown
As of Jun 30, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Technology | 50.7% | $360,829,159 |
| Consumer Cyclical | 32.4% | $230,731,286 |
| Financial Services | 11.1% | $78,792,412 |
| Communication Services | 5.9% | $42,010,395 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| NOW | ServiceNow, Inc. | +166,300 | 416,100 | $41,310,408 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| NCNO | nCino, Inc. | −1,787,315 | 4,990,713 | $81,598,157 | |
| CPNG | Coupang, Inc. | −1,465,800 | 4,415,300 | $76,693,761 | |
| TOST | Toast, Inc. | −310,239 | 3,504,744 | $97,501,978 | |
| AMZN | Amazon Com Inc | −103,200 | 425,950 | $101,520,923 | |
| MSFT | Microsoft Corp | −14,400 | 165,300 | $61,660,206 | |
| TW | Tradeweb Markets Inc. | −8,300 | 455,400 | $45,385,164 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| SPOT | Spotify Technology S.A. | 91,500 | $42,010,395 | |
| AMD | Advanced Micro Devices Inc | 58,800 | $34,157,508 | |
| LPLA | LPL Financial Holdings Inc. | 118,600 | $33,407,248 | |
| NVDA | Nvidia Corp | 162,800 | $32,574,652 | |
| DASH | DoorDash, Inc. | 143,400 | $26,461,602 | |
| APPF | Appfolio Inc | 75,000 | $12,026,250 | |
| No positions match the current search. | ||||
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| CPNG |
Coupang, Inc.
CALL
+ SHARES
Consumer Cyclical
|
Added | 5,915,300 | $102,748,761 | 14.42% | |
| AMZN |
Amazon Com Inc
Consumer Cyclical
|
Reduced | 425,950 | $101,520,923 | 14.25% | |
| TOST |
Toast, Inc.
Technology
|
Reduced | 3,504,744 | $97,501,978 | 13.69% | |
| NCNO |
nCino, Inc.
Technology
|
Reduced | 4,990,713 | $81,598,157 | 11.45% | |
| MSFT |
Microsoft Corp
Technology
|
Reduced | 165,300 | $61,660,206 | 8.66% | |
| TW |
Tradeweb Markets Inc.
Financial Services
|
Reduced | 455,400 | $45,385,164 | 6.37% | |
| SPOT |
Spotify Technology S.A.
Communication Services
|
NEW | 91,500 | $42,010,395 | 5.90% | |
| NOW |
ServiceNow, Inc.
Technology
|
Added | 416,100 | $41,310,408 | 5.80% | |
| AMD |
Advanced Micro Devices Inc
Technology
|
NEW | 58,800 | $34,157,508 | 4.79% | |
| LPLA |
LPL Financial Holdings Inc.
Financial Services
|
NEW | 118,600 | $33,407,248 | 4.69% | |
| NVDA |
Nvidia Corp
Technology
|
NEW | 162,800 | $32,574,652 | 4.57% | |
| DASH |
DoorDash, Inc.
Consumer Cyclical
|
NEW | 143,400 | $26,461,602 | 3.71% | |
| APPF |
Appfolio Inc
Technology
|
NEW | 75,000 | $12,026,250 | 1.69% |
Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.