HMI Capital Management, L.P.
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), HMI Capital Management, L.P. reported 14 stock positions worth $2.6 billion. Its top holding was Roblox Class A (RBLX) at 10.6% of the portfolio, followed by Coupang (CPNG, 10.3%) and Gitlab Class A (GTLB, 9.6%). Compared with Q1 2024, it opened 1 new position, sold out of 2, added to 7 and reduced 5. The biggest buy was a new position in Nice Ltd. - Spon ADR (NICE) and the biggest sale an exit from Etsy (ETSY).
- Most Recent 13F
- Q2 2026
- Location
- SAN FRANCISCO, CA
- CIK
- 0001469026
- Portfolio Value
- $2.6B (Q2 2024)
- SEC Filing
- 0001469026-24-000008 ↗ filed Aug 14, 2024
Holdings Value
Holdings 14 stocks · $2.6B
| RBLX Roblox Corp. Class A | 10.55% | 7,449,813 | $277.2M | Add +21.2% |
| CPNG Coupang Inc. | 10.32% | 12,944,897 | $271.2M | Add +20.2% |
| GTLB Gitlab Inc. Class A | 9.61% | 5,076,668 | $252.4M | Add +10.3% |
| TOST Toast Inc. Class A | 9.20% | 9,378,930 | $241.7M | Reduce -29.9% |
| NCNO Ncino Inc. | 8.86% | 7,398,251 | $232.7M | Add +12.5% |
| GTM Zoominfo Technologies Inc. | 8.59% | 17,674,119 | $225.7M | Reduce -4.4% |
| WDAY Workday Inc. Class A | 8.33% | 979,000 | $218.9M | Add +99.9% |
| XYZ Block Inc. | 7.29% | 2,969,816 | $191.5M | No change |
| LPLA LPL Financial Holdings Inc. | 6.06% | 569,643 | $159.1M | Add +53.4% |
| CRM Salesforce Inc. | 5.02% | 513,200 | $131.9M | Add +75.0% |
| TKO Tko Group Holdings Inc. | 4.56% | 1,110,002 | $119.9M | Reduce -7.9% |
| NICE Nice Ltd. - Spon ADR | 4.46% | 681,853 | $117.3M | New |
| ARES Ares Management Corp. Class A | 4.43% | 872,746 | $116.3M | Reduce -39.8% |
| ABNB Airbnb Inc. Class A | 2.72% | 471,300 | $71.5M | Reduce -44.4% |
Portfolio Sells Q1 2024 → Q2 2024
| ETSY Etsy Inc. | Sold out | 0.00% | −4.01 |
| TOST Toast Inc. Class A | Reduce -29.9% | 9.20% | −3.06 |
| ARES Ares Management Corp. Class A | Reduce -39.8% | 4.43% | −2.66 |
| ABNB Airbnb Inc. Class A | Reduce -44.4% | 2.72% | −2.42 |
| GTM Zoominfo Technologies Inc. | Reduce -4.4% | 8.59% | −2.31 |
| DT Dynatrace Inc. | Sold out | 0.00% | −1.15 |
| TKO Tko Group Holdings Inc. | Reduce -7.9% | 4.56% | +0.73 |
Portfolio Buys Q1 2024 → Q2 2024
| NICE Nice Ltd. - Spon ADR | New | 4.46% | +4.46 |
| WDAY Workday Inc. Class A | Add +99.9% | 8.33% | +3.42 |
| CPNG Coupang Inc. | Add +20.2% | 10.32% | +3.27 |
| LPLA LPL Financial Holdings Inc. | Add +53.4% | 6.06% | +2.45 |
| RBLX Roblox Corp. Class A | Add +21.2% | 10.55% | +1.92 |
| CRM Salesforce Inc. | Add +75.0% | 5.02% | +1.77 |
| NCNO Ncino Inc. | Add +12.5% | 8.86% | −0.19 |
| GTLB Gitlab Inc. Class A | Add +10.3% | 9.61% | −0.27 |
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 |