HMI Capital Management, L.P.
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), HMI Capital Management, L.P. reported 15 stock positions worth $2.7 billion. Its top holding was Toast Class A (TOST) at 12.3% of the portfolio, followed by Zoominfo Technologies (GTM, 10.9%) and Gitlab Class A (GTLB, 9.9%). Compared with Q4 2023, it opened 3 new positions, added to 4 and reduced 4. The biggest buy was Coupang (CPNG, shares +461%) and the biggest sale Ncino (NCNO, shares −18%).
- Most Recent 13F
- Q2 2026
- Location
- SAN FRANCISCO, CA
- CIK
- 0001469026
- Portfolio Value
- $2.7B (Q1 2024)
- SEC Filing
- 0001469026-24-000007 ↗ filed May 15, 2024
Holdings Value
Holdings 15 stocks · $2.7B
| TOST Toast Inc. Class A | 12.26% | 13,369,610 | $333.2M | Reduce -12.0% |
| GTM Zoominfo Technologies Inc. | 10.90% | 18,487,218 | $296.4M | Add +37.1% |
| GTLB Gitlab Inc. Class A | 9.87% | 4,601,940 | $268.4M | Add +4.5% |
| XYZ Block Inc. | 9.24% | 2,969,816 | $251.2M | No change |
| NCNO Ncino Inc. | 9.04% | 6,577,687 | $245.9M | Reduce -18.1% |
| RBLX Roblox Corp. Class A | 8.63% | 6,147,696 | $234.7M | No change |
| ARES Ares Management Corp. Class A | 7.09% | 1,449,149 | $192.7M | Reduce -19.7% |
| CPNG Coupang Inc. | 7.05% | 10,772,800 | $191.6M | Add +460.8% |
| ABNB Airbnb Inc. Class A | 5.14% | 846,927 | $139.7M | Reduce -23.4% |
| WDAY Workday Inc. Class A | 4.91% | 489,700 | $133.6M | Add +13.2% |
| ETSY Etsy Inc. | 4.01% | 1,588,003 | $109.1M | No change |
| TKO Tko Group Holdings Inc. | 3.83% | 1,205,379 | $104.2M | New |
| LPLA LPL Financial Holdings Inc. | 3.61% | 371,343 | $98.1M | New |
| CRM Salesforce Inc. | 3.25% | 293,200 | $88.3M | No change |
| DT Dynatrace Inc. | 1.15% | 674,400 | $31.3M | New |
Portfolio Sells Q4 2023 → Q1 2024
Portfolio Buys Q4 2023 → Q1 2024
| CPNG Coupang Inc. | Add +460.8% | 7.05% | +5.70 |
| TKO Tko Group Holdings Inc. | New | 3.83% | +3.83 |
| LPLA LPL Financial Holdings Inc. | New | 3.61% | +3.61 |
| DT Dynatrace Inc. | New | 1.15% | +1.15 |
| GTM Zoominfo Technologies Inc. | Add +37.1% | 10.90% | +0.09 |
| WDAY Workday Inc. Class A | Add +13.2% | 4.91% | −0.27 |
| GTLB Gitlab Inc. Class A | Add +4.5% | 9.87% | −2.15 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 13 | $686.3M | AMZN, TOST, NCNO, CPNG, MSFT |
| Q1 2026 | 11 | $754.3M | CPNG, AMZN, NCNO, TOST, MSFT |
| Q4 2025 | 10 | $1.2B | NCNO, GTLB, CPNG, CWAN, TOST |
| Q3 2025 | 12 | $1.7B | GTLB, CPNG, FLUT, NCNO, KLAR |
| Q2 2025Amended | 10 | $1.8B | FLUT, CPNG, GTLB, NICE, NCNO |
| Q1 2025 | 12 | $1.8B | CPNG, NICE, RBLX, FLUT, GTLB |
| Q4 2024 | 10 | $2.0B | NICE, CPNG, GTLB, RBLX, NCNO |
| Q3 2024 | 14 | $2.4B | CPNG, TOST, NICE, GTLB, NCNO |
| Q2 2024 | 14 | $2.6B | RBLX, CPNG, GTLB, TOST, NCNO |
| Q1 2024 | 15 | $2.7B | TOST, GTM, GTLB, XYZ, NCNO |