HMI Capital Management, L.P.
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), HMI Capital Management, L.P. reported 14 stock positions worth $2.4 billion. Its top holding was Coupang (CPNG) at 11.4% of the portfolio, followed by Toast Class A (TOST, 10.6%) and Nice Ltd. - Spon ADR (NICE, 10.5%). Compared with Q2 2024, it opened 1 new position, sold out of 1, added to 4 and reduced 8. The biggest buy was Nice Ltd. - Spon ADR (NICE, shares +114%) and the biggest sale an exit from Salesforce (CRM).
- Most Recent 13F
- Q2 2026
- Location
- SAN FRANCISCO, CA
- CIK
- 0001469026
- Portfolio Value
- $2.4B (Q3 2024)
- SEC Filing
- 0001469026-24-000010 ↗ filed Nov 14, 2024
Holdings Value
Holdings 14 stocks · $2.4B
| CPNG Coupang Inc. | 11.38% | 11,192,498 | $274.8M | Reduce -13.5% |
| TOST Toast Inc. Class A | 10.64% | 9,074,422 | $256.9M | Reduce -3.3% |
| NICE Nice Ltd. - Spon ADR | 10.47% | 1,456,170 | $252.9M | Add +113.6% |
| GTLB Gitlab Inc. Class A | 10.31% | 4,833,028 | $249.1M | Reduce -4.8% |
| NCNO Ncino Inc. | 10.30% | 7,873,778 | $248.7M | Add +6.4% |
| RBLX Roblox Corp. Class A | 9.22% | 5,032,696 | $222.7M | Reduce -32.5% |
| XYZ Block Inc. | 8.25% | 2,969,816 | $199.4M | No change |
| WDAY Workday Inc. Class A | 6.86% | 678,035 | $165.7M | Reduce -30.7% |
| LPLA LPL Financial Holdings Inc. | 6.67% | 692,543 | $161.1M | Add +21.6% |
| GTM Zoominfo Technologies Inc. | 5.06% | 11,853,747 | $122.3M | Reduce -32.9% |
| ABNB Airbnb Inc. Class A | 3.31% | 630,646 | $80.0M | Add +33.8% |
| FLUT Flutter Entertainment PLC-Di | 3.00% | 305,500 | $72.5M | New |
| TKO Tko Group Holdings Inc. | 2.49% | 485,385 | $60.0M | Reduce -56.3% |
| ARES Ares Management Corp. Class A | 2.04% | 315,472 | $49.2M | Reduce -63.9% |
Portfolio Sells Q2 2024 → Q3 2024
| CRM Salesforce Inc. | Sold out | 0.00% | −5.02 |
| GTM Zoominfo Technologies Inc. | Reduce -32.9% | 5.06% | −3.53 |
| ARES Ares Management Corp. Class A | Reduce -63.9% | 2.04% | −2.39 |
| TKO Tko Group Holdings Inc. | Reduce -56.3% | 2.49% | −2.08 |
| WDAY Workday Inc. Class A | Reduce -30.7% | 6.86% | −1.47 |
| RBLX Roblox Corp. Class A | Reduce -32.5% | 9.22% | −1.33 |
| GTLB Gitlab Inc. Class A | Reduce -4.8% | 10.31% | +0.71 |
| CPNG Coupang Inc. | Reduce -13.5% | 11.38% | +1.05 |
| TOST Toast Inc. Class A | Reduce -3.3% | 10.64% | +1.44 |
Portfolio Buys Q2 2024 → Q3 2024
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 |