2026 Q2 Portfolio Activity
In 2026 Q2, HMI Capital Management, L.P. maintained a portfolio of 18 distinct positions. The most significant new addition was SPOTIFY TECHNOLOGY S A, now representing 5.90% of the total fund value. They heavily accumulated shares in SERVICENOW INC, increasing the position by 66.6%. The fund also reduced its exposure to COUPANG INC by 74.5%.
Position History
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Total Positions
18
Quarter
2026 Q2
Top Holding
AMZN (14.3%)
Top 10 Concentration
86.4%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-18 of 18
HMI Capital Management, L.P. Full Holdings List — 2026 Q2
| Stock | History | Sector / Type | Port % | Prev % | Rank / Prev | Conviction | Change | % Change | Influence | Shares | Mkt Value | Avg Cost | Price Held | 1st Owned | Source | Source Date | Date Reported | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
AMZN
AMAZON COM INC
|
Consumer Cyclical | 14.25% | 14.61% |
#1
1
Prev: #2
|
6.5 |
—
|
-103,200 | -19.5% |
P
S
|
425,950 | $101,520,923 |
$229.85
+9.6%
|
2025 Q4 | 13F Filing | 2026-06-30 | 2026-08-14 | ||
|
TOST
TOAST INC
|
Technology | 13.69% | 13.41% |
#2
2
Prev: #4
|
6.0 |
—
|
-310,239 | -8.1% |
P
S
|
3,504,744 | $97,501,978 | 2021 Q3 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
NCNO
NCINO INC
|
Technology | 11.45% | 13.46% |
#3
Prev: #3
|
5.0 |
—
|
-1,787,315 | -26.4% |
P
S
|
4,990,713 | $81,598,157 | 2022 Q1 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
CPNG
COUPANG INC
|
Consumer Cyclical | 10.77% | 14.72% |
#4
3
Prev: #1
|
4.5 |
—
|
-1,465,800 | -24.9% |
P
S
|
4,415,300 | $76,693,761 | 2023 Q4 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
MSFT
MICROSOFT CORP
|
Technology | 8.66% | 8.82% |
#5
Prev: #5
|
4.5 |
—
|
-14,400 | -8.0% |
P
S
|
165,300 | $61,660,206 | 2026 Q1 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
TW
TRADEWEB MKTS I...
|
Financial Services | 6.37% | 7.23% |
#6
1
Prev: #7
|
3.0 |
—
|
-8,300 | -1.8% |
P
S
|
455,400 | $45,385,164 | 2025 Q3 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
SPOT
SPOTIFY TECHNOL...
|
Communication Services | 5.90% | — |
#7
Prev: #—
|
5.9 |
—
|
91,500 | — |
NEW
|
91,500 | $42,010,395 | 2026 Q2 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
NOW
SERVICENOW INC
|
Technology | 5.80% | 3.46% |
#8
3
Prev: #11
|
5.3 |
—
|
166,300 | 66.6% |
P
S
|
416,100 | $41,310,408 | 2019 Q4 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
AMD
ADVANCED MICRO ...
|
Technology | 4.79% | — |
#9
Prev: #—
|
5.4 |
—
|
58,800 | — |
NEW
|
58,800 | $34,157,508 | 2026 Q2 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
LPLA
LPL FINL HLDGS ...
|
Financial Services | 4.69% | — |
#10
Prev: #—
|
5.4 |
—
|
118,600 | — |
NEW
|
118,600 | $33,407,248 | 2013 Q4 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
NVDA
NVIDIA CORPORAT...
|
Technology | 4.57% | — |
#11
Prev: #—
|
5.3 |
—
|
162,800 | — |
NEW
|
162,800 | $32,574,652 | 2026 Q2 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
DASH
DOORDASH INC
|
Consumer Cyclical | 3.71% | — |
#12
Prev: #—
|
5.0 |
—
|
143,400 | — |
NEW
|
143,400 | $26,461,602 | 2026 Q2 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
CPNG
CALL
COUPANG INC
|
CALL Option | 3.66% | — |
#13
Prev: #—
|
5.0 |
—
|
1,500,000 | — |
NEW
|
1,500,000 | $26,055,000 | 2023 Q4 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
APPF
APPFOLIO INC
|
Technology | 1.69% | — |
#14
Prev: #—
|
4.2 |
—
|
75,000 | — |
NEW
|
75,000 | $12,026,250 | 2026 Q2 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
FICO
FAIR ISAAC CORP
|
Technology | 0.00% | 3.76% |
Sold All 😨
(Was: #10) |
0.0 |
—
|
-26,600 | -100.0% |
CLOSED
|
— | $— | 2025 Q4 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
RBLX
ROBLOX CORP
|
Communication Services | 0.00% | 5.75% |
Sold All 😨
(Was: #9) |
0.0 |
—
|
-767,300 | -100.0% |
CLOSED
|
— | $— | 2021 Q3 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
N/A
KLARNA GROUP PL...
|
|
Unknown | 0.00% | 7.16% |
Sold All 😨
(Was: #8) |
0.0 |
—
|
-4,123,719 | -100.0% |
CLOSED
|
— | $— | — | 13F Filing | 2026-06-30 | 2026-08-14 | ||
|
GTLB
GITLAB INC
|
Technology | 0.00% | 7.61% |
Sold All 😨
(Was: #6) |
0.0 |
—
|
-2,651,677 | -100.0% |
CLOSED
|
— | $— | 2022 Q1 | 13F Filing | 2026-06-30 | 2026-08-14 |
Showing 1-18 of 18 holdings