HMS Capital Management, LLC

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 21, 2026), HMS Capital Management, LLC reported 120 stock positions worth $267.4 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 14.6% of the portfolio, followed by Ishr Ibx Usd Invgd CB ETF-Ui (LQD, 6.2%) and iShares MSCI Eafe ETF (EFA, 5.8%). Compared with Q1 2026, it opened 10 new positions, sold out of 3, added to 14 and reduced 78. The biggest buy was iShares National Muni Bond E (MUB, shares +76%) and the biggest sale SS SPDR S&P 500 ETF Trust-US (SPY, shares −48%).

Most Recent 13F
Q2 2026
Location
NASHVILLE, TN
CIK
0001689470
Portfolio Value
$267.4M (Q2 2026)
SEC Filing
0001689470-26-000003 ↗ filed Jul 21, 2026

Holdings Value

0$100.0M$200.0M$300.0M Q1 2024: $180.5M Q1 2024 Q2 2024: $191.9M Q2 2024 Q3 2024: $204.0M Q3 2024 Q4 2024: $206.9M Q4 2024 Q1 2025: $180.3M Q1 2025 Q2 2025: $221.8M Q2 2025 Q3 2025: $237.8M Q3 2025 Q4 2025: $241.7M Q4 2025 Q1 2026: $258.5M Q1 2026 Q2 2026: $267.4M $267.4M Q2 2026

Holdings 120 stocks · $267.4M
SPY SS SPDR S&P 500 ETF Trust-US 14.62% 52,350 $39.1M Reduce -47.5%
LQD Ishr Ibx Usd Invgd CB ETF-Ui 6.23% 152,632 $16.6M Add +0.8%
EFA iShares MSCI Eafe ETF 5.79% 149,005 $15.5M Reduce -0.1%
QQQ Invesco QQQ Trust Series 1 5.56% 20,173 $14.9M Reduce -1.5%
MU Micron Technology Inc. 5.23% 12,115 $14.0M Reduce -11.7%
NVDA Nvidia Corp. 3.09% 41,317 $8.3M Reduce -1.3%
GRID First TRST Nasd Class Edg Sgiif 2.86% 39,884 $7.6M Reduce -1.4%
CWB SS SPDR BB Conv Sec ETF 2.65% 65,653 $7.1M Reduce -1.7%
EEM iShares MSCI Emerging Market 2.44% 95,374 $6.5M Reduce -0.5%
AVGO Broadcom Inc. 1.91% 13,537 $5.1M Reduce -2.9%
GS Goldman Sachs Group Inc. 1.89% 5,005 $5.1M Reduce -0.8%
IWD iShares Russell 1000 Value E 1.87% 20,600 $5.0M Add +3.0%
AMD Advanced Micro Devices 1.83% 8,414 $4.9M Reduce -3.2%
GOOGL Alphabet Inc. Class A 1.66% 12,430 $4.4M Reduce -0.7%
MUB iShares National Muni Bond E 1.54% 38,318 $4.1M Add +75.9%
AAPL Apple Inc. 1.49% 13,804 $4.0M Reduce -3.0%
XLE SS Energy Select Sector 1.31% 66,197 $3.5M Reduce -1.9%
MSFT Microsoft Corp. 1.28% 9,202 $3.4M Reduce -5.4%
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 1.22% 40,716 $3.3M Add +1.3%
AMZN Amazon.com Inc. 1.20% 13,480 $3.2M Reduce -1.8%
JPM JPMorgan Chase & Co. 1.16% 9,506 $3.1M Reduce -1.5%
MCK McKesson Corp. 1.07% 3,784 $2.9M Reduce -1.4%
IWP iShares Russell Mid-Cap Grow 1.04% 19,030 $2.8M Add +1.0%
BAC Bank of America Corp. 0.93% 43,421 $2.5M Reduce -2.4%
PH Parker Hannifin Corp. 0.92% 2,504 $2.4M Reduce -1.0%
AIQ Global X Art Intel & Tech 0.90% 36,678 $2.4M Reduce -3.0%
META Meta Platforms Inc. Class A 0.85% 4,052 $2.3M Reduce -0.2%
VOO Vanguard S&P 500 ETF 0.82% 3,197 $2.2M Add +14.8%
IWF iShares Russell 1000 Growth 0.81% 17,484 $2.2M No change
LLY Eli Lilly & Co. 0.74% 1,657 $2.0M Reduce -1.9%
BKNG Booking Holdings Inc. 0.72% 10,807 $1.9M Reduce -1.5%
HCA HCA Healthcare Inc. 0.70% 4,774 $1.9M Reduce -0.6%
NFLX Netflix Inc. 0.66% 24,796 $1.8M Reduce -2.4%
WMT Walmart Inc. 0.63% 14,958 $1.7M Add +0.1%
WM Waste Management Inc. 0.60% 7,174 $1.6M Reduce -1.3%
MA Mastercard Inc. Class A 0.58% 3,031 $1.6M Reduce -0.3%
MSI Motorola Solutions Inc. 0.56% 3,619 $1.5M Reduce -2.7%
FIX Comfort Systems USA Inc. 0.55% 742 $1.5M Reduce -3.4%
CDNS Cadence Design SYS Inc. 0.54% 3,831 $1.4M Reduce -3.2%
URI United Rentals Inc. 0.54% 1,263 $1.4M Reduce -2.4%
QCOM Qualcomm Inc. 0.53% 7,705 $1.4M Reduce -2.9%
KO The Coca-Cola Co. 0.50% 16,339 $1.3M Reduce -1.2%
AEE Ameren Corporation 0.48% 11,312 $1.3M Reduce -1.4%
STRL Sterling Infrastructure Inc. 0.47% 1,508 $1.3M Reduce -29.1%
PG The Procter & Gamble Co. 0.45% 8,184 $1.2M Reduce -0.9%
MTSI Macom Technology Solutions H 0.45% 3,147 $1.2M Reduce -1.0%
SYK Stryker Corp. 0.45% 3,781 $1.2M Reduce -1.6%
CW Curtiss-Wright Corp. 0.44% 1,567 $1.2M No change
CRS Carpenter Technology 0.43% 1,853 $1.1M Reduce -1.0%
STLD Steel Dynamics Inc. 0.41% 4,818 $1.1M Reduce -2.6%
FTNT Fortinet Inc. 0.40% 6,874 $1.1M No change
MPWR Monolithic Power Systems Inc. 0.39% 763 $1.1M Reduce -0.8%
CLS Celestica Inc. 0.39% 2,878 $1.0M Reduce -24.8%
NVMI Nova Ltd. 0.39% 1,928 $1.0M Reduce -1.0%
WYNN WYNN Resorts Ltd. 0.38% 10,371 $1.0M Reduce -1.5%
CCL Carnival Corp. Ltd. 0.37% 35,021 $1.0M No change
NVT Nvent Electric PLC 0.37% 5,833 $989K Reduce -1.0%
IJK iShares S&P Mid-Cap 400 Grow 0.37% 8,337 $980K Reduce -6.6%
MCD McDonald's Corp. 0.36% 3,544 $958K Reduce -1.1%
AA Alcoa Corp. 0.35% 18,073 $942K Reduce -3.3%
SN Sharkninja Inc. 0.34% 6,043 $920K Reduce -1.0%
VST Vistra Corp. 0.34% 5,775 $916K Reduce -0.5%
ESE Esco Technologies Inc. 0.32% 2,425 $849K Reduce -1.3%
IVW iShares S&P 500 Growth ETF 0.31% 6,024 $828K Reduce -16.4%
USFD US Foods Holding Corp. 0.30% 7,872 $805K Reduce -0.9%
LGND Ligand Pharmaceuticals 0.30% 2,520 $797K New
FTI Technipfmc PLC 0.30% 11,972 $794K Reduce -1.1%
AGI Alamos Gold Inc. Class A 0.29% 25,721 $780K Reduce -1.0%
IVV iShares Core S&P 500 ETF 0.28% 1,017 $762K Reduce -0.5%
TMUS T-Mobile US Inc. 0.26% 4,102 $688K Reduce -0.3%
UTHR United Therapeutics Corp. 0.25% 1,258 $682K Reduce -4.8%
J Jacobs Solutions Inc. 0.25% 5,397 $680K Add +0.0%
ROAD Construction Partners Inc. Class A 0.25% 5,563 $661K Reduce -0.9%
SEI Solaris Energy Infrastructur 0.24% 8,085 $651K New
CLH Clean Harbors Inc. 0.23% 2,087 $623K Reduce -1.0%
SKWD Skyward Specialty Insurance 0.23% 10,555 $616K Reduce -1.0%
AHR American Healthcare REIT Inc. 0.23% 11,805 $616K Reduce -1.0%
RKT Rocket Cos Inc. Class A 0.21% 36,365 $573K Reduce -0.9%
IREN Iren Ltd. filed as IREN LIMITED 0.20% 11,967 $547K Reduce -1.0%
TXRH Texas Roadhouse Inc. 0.20% 2,821 $545K Reduce -1.1%
CSW CSW Industrials Inc. 0.20% 1,956 $544K Add +0.1%
PNFP Pinnacle Financial Partners 0.20% 5,260 $531K No change
AROC Archrock Inc. 0.20% 13,018 $530K Add +0.0%
XLK SS Technology Select Sector 0.20% 2,760 $526K No change
HALO Halozyme Therapeutics Inc. 0.19% 6,359 $498K No change
VIG Vanguard Dividend Apprec ETF 0.19% 2,093 $495K No change
CPRT Copart Inc. 0.18% 17,521 $494K No change
IWR iShares Russell Mid-Cap ETF 0.18% 4,393 $485K No change
TBBK The Bancorp Inc. 0.18% 7,648 $479K Reduce -1.0%
ANET Arista Networks Inc. 0.17% 2,750 $467K Reduce -1.8%
VIK Viking Holdings Ltd. 0.16% 4,066 $426K Reduce -3.5%
OKLO Oklo Inc. 0.16% 8,055 $422K No change
HWM Howmet Aerospace Inc. 0.15% 1,495 $402K Reduce -1.1%
XOM Exxon Mobil Corp. 0.15% 2,873 $393K No change
PIPR Piper Sandler Cos 0.15% 5,412 $391K Add +4.3%
SITM Sitime Corp. 0.15% 524 $391K New
PYPL PayPal Holdings Inc. 0.14% 8,926 $385K Reduce -4.6%
NFG National Fuel Gas Co. 0.13% 4,665 $360K Reduce -1.1%
VTI VG Morningstar TS MKT ETF-US 0.13% 965 $357K Add +0.1%
NOW ServiceNow Inc. 0.13% 3,584 $356K No change

Show all 120 holdings

Portfolio Sells Q1 2026 → Q2 2026
SPY SS SPDR S&P 500 ETF Trust-US Reduce -47.5% 14.62% −10.48
XLE SS Energy Select Sector Reduce -1.9% 1.31% −0.28
NFLX Netflix Inc. Reduce -2.4% 0.66% −0.28
MCK McKesson Corp. Reduce -1.4% 1.07% −0.21
ENSG The Ensign Group Inc. Sold out 0.00% −0.20
HCA HCA Healthcare Inc. Reduce -0.6% 0.70% −0.18
AGI Alamos Gold Inc. Class A Reduce -1.0% 0.29% −0.15
AA Alcoa Corp. Reduce -3.3% 0.35% −0.13
MSFT Microsoft Corp. Reduce -5.4% 1.28% −0.11
VRTX Vertex Pharmaceuticals Inc. Sold out 0.00% −0.09
COST Costco Wholesale Corp. Sold out 0.00% −0.08
TMUS T-Mobile US Inc. Reduce -0.3% 0.26% −0.08
MCD McDonald's Corp. Reduce -1.1% 0.36% −0.07
MSI Motorola Solutions Inc. Reduce -2.7% 0.56% −0.06
UTHR United Therapeutics Corp. Reduce -4.8% 0.25% −0.05
WM Waste Management Inc. Reduce -1.3% 0.60% −0.05
META Meta Platforms Inc. Class A Reduce -0.2% 0.85% −0.04
SYK Stryker Corp. Reduce -1.6% 0.45% −0.04
WYNN WYNN Resorts Ltd. Reduce -1.5% 0.38% −0.04
NFG National Fuel Gas Co. Reduce -1.1% 0.13% −0.04
FTI Technipfmc PLC Reduce -1.1% 0.30% −0.03
CLS Celestica Inc. Reduce -24.8% 0.39% −0.02
PYPL PayPal Holdings Inc. Reduce -4.6% 0.14% −0.02
PG The Procter & Gamble Co. Reduce -0.9% 0.45% −0.01
AEE Ameren Corporation Reduce -1.4% 0.48% −0.01
SCCO Southern Copper Corp. Reduce -4.5% 0.11% −0.01
IVW iShares S&P 500 Growth ETF Reduce -16.4% 0.31% −0.01
MA Mastercard Inc. Class A Reduce -0.3% 0.58% −0.01
ONON On Holding AG Class A Reduce -5.2% 0.09% −0.00
APPF Appfolio Inc. Class A Reduce -1.0% 0.09% −0.00
CLH Clean Harbors Inc. Reduce -1.0% 0.23% −0.00
CB Chubb Ltd. Reduce -0.9% 0.13% +0.00
VST Vistra Corp. Reduce -0.5% 0.34% +0.01
BKNG Booking Holdings Inc. Reduce -1.5% 0.72% +0.01
ROAD Construction Partners Inc. Class A Reduce -0.9% 0.25% +0.01
CAH Cardinal Health Inc. Reduce -0.1% 0.09% +0.01
KO The Coca-Cola Co. Reduce -1.2% 0.50% +0.01
RKT Rocket Cos Inc. Class A Reduce -0.9% 0.21% +0.01
AHR American Healthcare REIT Inc. Reduce -1.0% 0.23% +0.01
HWM Howmet Aerospace Inc. Reduce -1.1% 0.15% +0.02
USFD US Foods Holding Corp. Reduce -0.9% 0.30% +0.02
TBBK The Bancorp Inc. Reduce -1.0% 0.18% +0.02
IJK iShares S&P Mid-Cap 400 Grow Reduce -6.6% 0.37% +0.02
TXRH Texas Roadhouse Inc. Reduce -1.1% 0.20% +0.02
IVV iShares Core S&P 500 ETF Reduce -0.5% 0.28% +0.03
TSM Taiwan Semiconductor-SP ADR Reduce -2.5% 0.11% +0.03
VIK Viking Holdings Ltd. Reduce -3.5% 0.16% +0.04
PH Parker Hannifin Corp. Reduce -1.0% 0.92% +0.04
ANET Arista Networks Inc. Reduce -1.8% 0.17% +0.04
IREN Iren Ltd. Reduce -1.0% 0.20% +0.04

Portfolio Buys Q1 2026 → Q2 2026
MUB iShares National Muni Bond E Add +75.9% 1.54% +0.65
LGND Ligand Pharmaceuticals New 0.30% +0.30
SEI Solaris Energy Infrastructur New 0.24% +0.24
IWD iShares Russell 1000 Value E Add +3.0% 1.87% +0.21
VOO Vanguard S&P 500 ETF Add +14.8% 0.82% +0.18
SITM Sitime Corp. New 0.15% +0.15
VBIL Vanguard 0-3M T-Bill ETF New 0.12% +0.12
IWP iShares Russell Mid-Cap Grow Add +1.0% 1.04% +0.11
APH Amphenol Corp. Class A New 0.10% +0.10
GEV GE Vernova Inc. New 0.09% +0.09
SJM The JM Smucker Co. New 0.08% +0.08
CMG Chipotle Mexican Grill Inc. New 0.08% +0.08
VGIT Vanguard Intermediate-Term T New 0.08% +0.08
EVR Evercore Inc. Class A New 0.07% +0.07
AROC Archrock Inc. Add +0.0% 0.20% +0.02
VTI VG Morningstar TS MKT ETF-US Add +0.1% 0.13% +0.01
CSW CSW Industrials Inc. Add +0.1% 0.20% +0.01
AJG Arthur J Gallagher & Co. Add +0.1% 0.10% +0.00
PIPR Piper Sandler Cos Add +4.3% 0.15% −0.01
J Jacobs Solutions Inc. Add +0.0% 0.25% −0.01
HYG Ishr Ibx Usd Hiyld CB ETF-Ui Add +1.3% 1.22% −0.02
ACN Accenture PLC Class A Add +0.2% 0.08% −0.05
WMT Walmart Inc. Add +0.1% 0.63% −0.09
LQD Ishr Ibx Usd Invgd CB ETF-Ui Add +0.8% 6.23% −0.16

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 120$267.4MSPY, LQD, EFA, QQQ, MU
Q1 2026 113$258.5MSPY, LQD, EFA, QQQ, NVDA
Q4 2025 103$241.7MSPY, EFA, LQD, QQQ, AIQ
Q3 2025 107$237.8MSPY, EFA, LQD, QQQ, AIQ
Q2 2025 105$221.8MSPY, EFA, LQD, QQQ, AIQ
Q1 2025 104$180.3MSPY, LQD, QQQ, XHB, AIQ
Q4 2024 107$206.9MSPY, QQQ, LQD, NVDA, AVGO
Q3 2024 108$204.0MSPY, QQQ, LQD, XHB, IWD
Q2 2024 108$191.9MSPY, QQQ, LQD, NVDA, IWD
Q1 2024 107$180.5MSPY, QQQ, LQD, XHB, IWD