HMS Capital Management, LLC

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 24, 2024), HMS Capital Management, LLC reported 108 stock positions worth $191.9 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 16.0% of the portfolio, followed by Invesco QQQ Trust Series 1 (QQQ, 5.6%) and Ishr Ibx Usd Invgd CB ETF-Ui (LQD, 5.3%). Compared with Q1 2024, it opened 6 new positions, sold out of 5, added to 48 and reduced 17. The biggest buy was Nvidia (NVDA, shares +3%) and the biggest sale SS Technology Select Sector (XLK, shares −87%).

Most Recent 13F
Q2 2026
Location
NASHVILLE, TN
CIK
0001689470
Portfolio Value
$191.9M (Q2 2024)
SEC Filing
0001689470-24-000003 ↗ filed Jul 24, 2024

Holdings Value

0$100.0M$200.0M$300.0M Q1 2024: $180.5M Q1 2024 Q2 2024: $191.9M $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 Q2 2026

Holdings 108 stocks · $191.9M
SPY SS SPDR S&P 500 ETF Trust-US 15.99% 56,403 $30.7M Add +7.7%
QQQ Invesco QQQ Trust Series 1 5.60% 22,437 $10.7M Reduce -8.0%
LQD Ishr Ibx Usd Invgd CB ETF-Ui 5.26% 94,340 $10.1M Add +0.6%
NVDA Nvidia Corp. 3.76% 58,430 $7.2M Add +2.8%
IWD iShares Russell 1000 Value E 3.48% 38,322 $6.7M Reduce -0.2%
XHB SS SPDR S&P Homebldrs ETF 3.42% 65,014 $6.6M Add +3.7%
MSFT Microsoft Corp. 3.24% 13,898 $6.2M Add +3.7%
XLE SS Energy Select Sector 2.67% 56,251 $5.1M Add +3.3%
AVGO Broadcom Inc. 2.62% 3,136 $5.0M Add +6.8%
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 2.18% 54,352 $4.2M Add +5.9%
AAPL Apple Inc. 1.87% 17,085 $3.6M Add +3.8%
CMG Chipotle Mexican Grill Inc. 1.72% 52,719 $3.3M Add +9.4%
GS Goldman Sachs Group Inc. 1.60% 6,790 $3.1M Add +8.9%
AMZN Amazon.com Inc. 1.59% 15,757 $3.0M Add +7.6%
MU Micron Technology Inc. 1.51% 22,107 $2.9M Add +10.1%
MCK McKesson Corp. 1.48% 4,857 $2.8M Add +8.6%
GOOGL Alphabet Inc. Class A 1.45% 15,295 $2.8M Add +8.9%
CB Chubb Ltd. 1.40% 10,563 $2.7M Add +8.7%
MPWR Monolithic Power Systems Inc. 1.35% 3,163 $2.6M Add +7.3%
META Meta Platforms Inc. Class A 1.26% 4,790 $2.4M Add +10.7%
JPM JPMorgan Chase & Co. 1.22% 11,597 $2.3M Add +8.6%
BKNG Booking Holdings Inc. 1.11% 536 $2.1M Add +8.9%
NFLX Netflix Inc. 1.09% 3,096 $2.1M Add +9.0%
HCA HCA Healthcare Inc. 1.06% 6,321 $2.0M Add +7.5%
QCOM Qualcomm Inc. 1.04% 10,006 $2.0M Add +8.4%
IWP iShares Russell Mid-Cap Grow 1.04% 18,054 $2.0M Reduce -0.0%
WM Waste Management Inc. 1.02% 9,183 $2.0M Add +1.4%
SNPS Synopsys Inc. 0.98% 3,168 $1.9M Add +6.8%
UNH Unitedhealth Group Inc. 0.92% 3,467 $1.8M Add +0.1%
MSI Motorola Solutions Inc. 0.91% 4,513 $1.7M Add +9.0%
PG The Procter & Gamble Co. 0.88% 10,230 $1.7M Add +8.0%
FTNT Fortinet Inc. 0.86% 27,549 $1.7M Reduce -0.8%
SYK Stryker Corp. 0.86% 4,832 $1.6M Add +8.8%
MA Mastercard Inc. Class A 0.84% 3,650 $1.6M Add +7.8%
IWF iShares Russell 1000 Growth 0.83% 4,371 $1.6M No change
PH Parker Hannifin Corp. 0.82% 3,120 $1.6M Add +9.5%
VOO Vanguard S&P 500 ETF 0.82% 3,154 $1.6M No change
CPRT Copart Inc. 0.82% 28,941 $1.6M Add +5.9%
WMT Walmart Inc. 0.80% 22,667 $1.5M Add +7.3%
ACN Accenture PLC Class A 0.73% 4,617 $1.4M Add +0.0%
CDNS Cadence Design SYS Inc. 0.67% 4,162 $1.3M Add +11.1%
KO The Coca-Cola Co. 0.64% 19,200 $1.2M Add +8.3%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.61% 4,527 $1.2M Add +8.0%
MLM Martin Marietta Materials 0.59% 2,098 $1.1M Add +8.7%
LHX L3HARRIS Technologies Inc. 0.56% 4,803 $1.1M Add +16.1%
MCD McDonald's Corp. 0.55% 4,124 $1.1M Reduce -0.8%
MDT Medtronic PLC 0.44% 10,760 $847K Add +5.9%
VIG Vanguard Dividend Apprec ETF 0.43% 4,513 $824K No change
IJK iShares S&P Mid-Cap 400 Grow 0.40% 8,715 $768K Reduce -6.0%
NOW ServiceNow Inc. 0.39% 948 $746K Reduce -0.9%
NVMI Nova Ltd. 0.39% 3,158 $741K Reduce -0.3%
STZ Constellation Brands Inc. Class A 0.38% 2,828 $727K Add +0.0%
J Jacobs Solutions Inc. 0.37% 5,136 $718K Add +0.3%
IVW iShares S&P 500 Growth ETF 0.37% 7,610 $704K No change
ELF Elf Beauty Inc. 0.35% 3,213 $677K No change
CSW CSW Industrials Inc. 0.33% 2,417 $641K New
ZBH Zimmer Biomet Holdings Inc. 0.33% 5,847 $635K Add +6.8%
IVV iShares Core S&P 500 ETF 0.31% 1,076 $589K No change
FIX Comfort Systems USA Inc. 0.30% 1,907 $580K No change
STRL Sterling Infrastructure Inc. 0.30% 4,871 $576K Reduce -0.3%
SMCI Super Micro Computer Inc. 0.29% 689 $565K No change
ASML ASML Holding NV-NY Reg SHS 0.29% 541 $553K Reduce -1.6%
CBZ Cbiz Inc. 0.27% 7,087 $525K No change
TXRH Texas Roadhouse Inc. 0.27% 2,962 $509K Add +0.0%
JEF Jefferies Financial Group Inc. 0.26% 10,040 $500K Add +0.0%
EXP Eagle Materials Inc. 0.26% 2,294 $499K No change
VTI VG Morningstar TS MKT ETF-US 0.25% 1,829 $489K No change
MUB iShares National Muni Bond E 0.25% 4,518 $481K Add +0.1%
CLH Clean Harbors Inc. 0.24% 2,072 $469K No change
XOM Exxon Mobil Corp. 0.24% 4,055 $467K No change
SN Sharkninja Inc. 0.24% 6,158 $463K New
PSN Parsons Corp. 0.24% 5,593 $458K No change
SAIA Saia Inc. 0.24% 952 $452K No change
NVT Nvent Electric PLC 0.23% 5,837 $447K No change
CW Curtiss-Wright Corp. 0.23% 1,626 $441K No change
USFD US Foods Holding Corp. 0.22% 8,061 $427K No change
PNFP Pinnacle Financial Partners 0.22% 5,260 $421K No change
CELH Celsius Holdings Inc. 0.22% 7,245 $414K Reduce -0.3%
ACLS Axcelis Technologies Inc. 0.21% 2,871 $408K No change
AGI Alamos Gold Inc. Class A 0.21% 25,819 $405K New
COOP Mr Cooper Group Inc. 0.21% 4,904 $398K New
XLK SS Technology Select Sector 0.21% 1,754 $397K Reduce -86.8%
APPF Appfolio Inc. Class A 0.20% 1,590 $389K No change
ANET Arista Networks Inc. 0.20% 1,101 $386K Reduce -2.7%
SKWD Skyward Specialty Insurance 0.20% 10,480 $379K New
LECO Lincoln Electric Holdings 0.20% 2,001 $377K No change
NVO Novo-Nordisk A/S-Spons ADR 0.19% 2,603 $371K Reduce -0.9%
GNTX Gentex Corp. 0.19% 10,774 $363K Add +0.0%
IWR iShares Russell Mid-Cap ETF 0.19% 4,393 $356K No change
COST Costco Wholesale Corp. 0.18% 401 $341K No change
MYRG MYR Group Inc./Delaware 0.17% 2,439 $331K No change
IVE iShares S&P 500 Value ETF 0.16% 1,700 $309K Reduce -0.1%
MEDP Medpace Holdings Inc. 0.16% 741 $305K No change
VRTX Vertex Pharmaceuticals Inc. 0.15% 597 $280K No change
MMYT Makemytrip Ltd. 0.14% 3,247 $273K No change
VTV Vanguard Mrngstr Val ETF-Aui 0.14% 1,680 $269K No change
FOUR SHIFT4 Payments Inc. Class A 0.13% 3,410 $250K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.13% 6,275 $250K No change
LIN Linde PLC 0.13% 563 $247K No change
SCCO Southern Copper Corp. 0.13% 2,257 $243K Reduce -3.5%

Show all 108 holdings

Portfolio Sells Q1 2024 → Q2 2024
XLK SS Technology Select Sector Reduce -86.8% 0.21% −1.32
QQQ Invesco QQQ Trust Series 1 Reduce -8.0% 5.60% −0.40
IWD iShares Russell 1000 Value E Reduce -0.2% 3.48% −0.33
KNSL Kinsale Capital Group Inc. Sold out 0.00% −0.27
ESI Element Solutions Inc. Sold out 0.00% −0.25
SWAV Shockwave Medical Inc. Sold out 0.00% −0.21
WSC Willscot Holdings Corp. Sold out 0.00% −0.19
FTNT Fortinet Inc. Reduce -0.8% 0.86% −0.19
FIVE Five Below Sold out 0.00% −0.16
CELH Celsius Holdings Inc. Reduce -0.3% 0.22% −0.12
IWP iShares Russell Mid-Cap Grow Reduce -0.0% 1.04% −0.10
MCD McDonald's Corp. Reduce -0.8% 0.55% −0.10
IJK iShares S&P Mid-Cap 400 Grow Reduce -6.0% 0.40% −0.07
H Hyatt Hotels Corp. Class A Reduce -1.2% 0.13% −0.02
NOW ServiceNow Inc. Reduce -0.9% 0.39% −0.02
IVE iShares S&P 500 Value ETF Reduce -0.1% 0.16% −0.01
SCCO Southern Copper Corp. Reduce -3.5% 0.13% −0.01
ASML ASML Holding NV-NY Reg SHS Reduce -1.6% 0.29% −0.01
STRL Sterling Infrastructure Inc. Reduce -0.3% 0.30% +0.00
NVO Novo-Nordisk A/S-Spons ADR Reduce -0.9% 0.19% +0.01
ANET Arista Networks Inc. Reduce -2.7% 0.20% +0.02
NVMI Nova Ltd. Reduce -0.3% 0.39% +0.07

Portfolio Buys Q1 2024 → Q2 2024
NVDA Nvidia Corp. Add +2.8% 3.76% +0.91
SPY SS SPDR S&P 500 ETF Trust-US Add +7.7% 15.99% +0.81
AVGO Broadcom Inc. Add +6.8% 2.62% +0.47
CSW CSW Industrials Inc. New 0.33% +0.33
AAPL Apple Inc. Add +3.8% 1.87% +0.31
GOOGL Alphabet Inc. Class A Add +8.9% 1.45% +0.28
MPWR Monolithic Power Systems Inc. Add +7.3% 1.35% +0.25
SN Sharkninja Inc. New 0.24% +0.24
AGI Alamos Gold Inc. Class A New 0.21% +0.21
COOP Mr Cooper Group Inc. New 0.21% +0.21
MU Micron Technology Inc. Add +10.1% 1.51% +0.20
SKWD Skyward Specialty Insurance New 0.20% +0.20
QCOM Qualcomm Inc. Add +8.4% 1.04% +0.17
CMG Chipotle Mexican Grill Inc. Add +9.4% 1.72% +0.17
GS Goldman Sachs Group Inc. Add +8.9% 1.60% +0.16
MCK McKesson Corp. Add +8.6% 1.48% +0.15
NFLX Netflix Inc. Add +9.0% 1.09% +0.13
AMZN Amazon.com Inc. Add +7.6% 1.59% +0.12
BKNG Booking Holdings Inc. Add +8.9% 1.11% +0.12
MSFT Microsoft Corp. Add +3.7% 3.24% +0.11
AFL Aflac Inc. New 0.10% +0.10
WMT Walmart Inc. Add +7.3% 0.80% +0.10
META Meta Platforms Inc. Class A Add +10.7% 1.26% +0.09
MSI Motorola Solutions Inc. Add +9.0% 0.91% +0.09
LHX L3HARRIS Technologies Inc. Add +16.1% 0.56% +0.07
SNPS Synopsys Inc. Add +6.8% 0.98% +0.04
JPM JPMorgan Chase & Co. Add +8.6% 1.22% +0.04
KO The Coca-Cola Co. Add +8.3% 0.64% +0.04
AJG Arthur J Gallagher & Co. Add +8.0% 0.61% +0.03
PG The Procter & Gamble Co. Add +8.0% 0.88% +0.03
CDNS Cadence Design SYS Inc. Add +11.1% 0.67% +0.02
JEF Jefferies Financial Group Inc. Add +0.0% 0.26% +0.01
TXRH Texas Roadhouse Inc. Add +0.0% 0.27% +0.01
CB Chubb Ltd. Add +8.7% 1.40% +0.01
MUB iShares National Muni Bond E Add +0.1% 0.25% −0.02
SYK Stryker Corp. Add +8.8% 0.86% −0.02
HYG Ishr Ibx Usd Hiyld CB ETF-Ui Add +5.9% 2.18% −0.03
GNTX Gentex Corp. Add +0.0% 0.19% −0.03
HCA HCA Healthcare Inc. Add +7.5% 1.06% −0.03
EVH Evolent Health Inc. Class A Add +42.5% 0.11% −0.03
UNH Unitedhealth Group Inc. Add +0.1% 0.92% −0.03
STZ Constellation Brands Inc. Class A Add +0.0% 0.38% −0.05
WM Waste Management Inc. Add +1.4% 1.02% −0.05
MDT Medtronic PLC Add +5.9% 0.44% −0.05
PH Parker Hannifin Corp. Add +9.5% 0.82% −0.06
CPRT Copart Inc. Add +5.9% 0.82% −0.06
J Jacobs Solutions Inc. Add +0.3% 0.37% −0.06
MLM Martin Marietta Materials Add +8.7% 0.59% −0.06
MA Mastercard Inc. Class A Add +7.8% 0.84% −0.06
ZBH Zimmer Biomet Holdings Inc. Add +6.8% 0.33% −0.07

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