HMS Capital Management, LLC

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 30, 2024), HMS Capital Management, LLC reported 108 stock positions worth $204.0 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 15.7% of the portfolio, followed by Invesco QQQ Trust Series 1 (QQQ, 5.8%) and Ishr Ibx Usd Invgd CB ETF-Ui (LQD, 5.6%). Compared with Q2 2024, it opened 5 new positions, sold out of 5, added to 43 and reduced 25. The biggest buy was SS SPDR S&P Homebldrs ETF (XHB, shares +2%) and the biggest sale Micron Technology (MU, shares −1%).

Most Recent 13F
Q2 2026
Location
NASHVILLE, TN
CIK
0001689470
Portfolio Value
$204.0M (Q3 2024)
SEC Filing
0001689470-24-000004 ↗ filed Oct 30, 2024

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 $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 · $204.0M
SPY SS SPDR S&P 500 ETF Trust-US 15.70% 55,818 $32.0M Reduce -1.0%
QQQ Invesco QQQ Trust Series 1 5.84% 24,419 $11.9M Add +8.8%
LQD Ishr Ibx Usd Invgd CB ETF-Ui 5.57% 100,497 $11.4M Add +6.5%
XHB SS SPDR S&P Homebldrs ETF 4.06% 66,483 $8.3M Add +2.3%
IWD iShares Russell 1000 Value E 3.61% 38,799 $7.4M Add +1.2%
NVDA Nvidia Corp. 3.51% 58,991 $7.2M Add +1.0%
MSFT Microsoft Corp. 2.93% 13,878 $6.0M Reduce -0.1%
AVGO Broadcom Inc. 2.70% 31,889 $5.5M Add +1.7%
XLE SS Energy Select Sector 2.43% 56,406 $5.0M Add +0.3%
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 2.28% 57,873 $4.6M Add +6.5%
AAPL Apple Inc. 1.95% 17,107 $4.0M Add +0.1%
GS Goldman Sachs Group Inc. 1.64% 6,751 $3.3M Reduce -0.6%
CMG Chipotle Mexican Grill Inc. 1.48% 52,502 $3.0M Reduce -0.4%
CB Chubb Ltd. 1.48% 10,475 $3.0M Reduce -0.8%
AMZN Amazon.com Inc. 1.43% 15,646 $2.9M Reduce -0.7%
MPWR Monolithic Power Systems Inc. 1.42% 3,135 $2.9M Reduce -0.9%
META Meta Platforms Inc. Class A 1.33% 4,747 $2.7M Reduce -0.9%
GOOGL Alphabet Inc. Class A 1.24% 15,194 $2.5M Reduce -0.7%
HCA HCA Healthcare Inc. 1.23% 6,189 $2.5M Reduce -2.1%
JPM JPMorgan Chase & Co. 1.21% 11,726 $2.5M Add +1.1%
FTNT Fortinet Inc. 1.14% 30,024 $2.3M Add +9.0%
MU Micron Technology Inc. 1.11% 21,890 $2.3M Reduce -1.0%
MCK McKesson Corp. 1.11% 4,585 $2.3M Reduce -5.6%
BKNG Booking Holdings Inc. 1.09% 528 $2.2M Reduce -1.5%
NFLX Netflix Inc. 1.08% 3,104 $2.2M Add +0.3%
UNH Unitedhealth Group Inc. 1.06% 3,691 $2.2M Add +6.5%
IWP iShares Russell Mid-Cap Grow 1.05% 18,348 $2.2M Add +1.6%
WM Waste Management Inc. 1.00% 9,798 $2.0M Add +6.7%
MSI Motorola Solutions Inc. 0.99% 4,514 $2.0M Add +0.0%
PH Parker Hannifin Corp. 0.97% 3,129 $2.0M Add +0.3%
WMT Walmart Inc. 0.90% 22,707 $1.8M Add +0.2%
MA Mastercard Inc. Class A 0.89% 3,667 $1.8M Add +0.5%
PG The Procter & Gamble Co. 0.88% 10,395 $1.8M Add +1.6%
ACN Accenture PLC Class A 0.88% 5,076 $1.8M Add +9.9%
QCOM Qualcomm Inc. 0.84% 10,127 $1.7M Add +1.2%
SYK Stryker Corp. 0.82% 4,631 $1.7M Reduce -4.2%
VOO Vanguard S&P 500 ETF 0.82% 3,154 $1.7M No change
IWF iShares Russell 1000 Growth 0.80% 4,371 $1.6M No change
SNPS Synopsys Inc. 0.78% 3,140 $1.6M Reduce -0.9%
CPRT Copart Inc. 0.74% 28,771 $1.5M Reduce -0.6%
KO The Coca-Cola Co. 0.68% 19,273 $1.4M Add +0.4%
MCD McDonald's Corp. 0.67% 4,497 $1.4M Add +9.0%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.63% 4,539 $1.3M Add +0.3%
LHX L3HARRIS Technologies Inc. 0.57% 4,850 $1.2M Add +1.0%
CDNS Cadence Design SYS Inc. 0.56% 4,193 $1.1M Add +0.7%
MLM Martin Marietta Materials 0.55% 2,067 $1.1M Reduce -1.5%
MDT Medtronic PLC 0.53% 11,963 $1.1M Add +11.2%
VIG Vanguard Dividend Apprec ETF 0.44% 4,513 $894K No change
CSW CSW Industrials Inc. 0.43% 2,419 $886K Add +0.1%
IJK iShares S&P Mid-Cap 400 Grow 0.39% 8,715 $801K No change
NOW ServiceNow Inc. 0.39% 884 $791K Reduce -6.8%
STZ Constellation Brands Inc. Class A 0.39% 3,060 $789K Add +8.2%
FIX Comfort Systems USA Inc. 0.38% 1,980 $773K Add +3.8%
J Jacobs Solutions Inc. 0.37% 5,772 $756K Add +12.4%
STRL Sterling Infrastructure Inc. 0.36% 5,065 $735K Add +4.0%
IVW iShares S&P 500 Growth ETF 0.36% 7,610 $729K No change
ZBH Zimmer Biomet Holdings Inc. 0.35% 6,549 $707K Add +12.0%
SN Sharkninja Inc. 0.33% 6,158 $669K No change
EXP Eagle Materials Inc. 0.32% 2,294 $660K No change
IVV iShares Core S&P 500 ETF 0.30% 1,076 $621K No change
JEF Jefferies Financial Group Inc. 0.30% 10,042 $618K Add +0.0%
PSN Parsons Corp. 0.28% 5,593 $580K No change
MUB iShares National Muni Bond E 0.27% 4,985 $542K Add +10.3%
CW Curtiss-Wright Corp. 0.26% 1,626 $534K No change
TXRH Texas Roadhouse Inc. 0.26% 2,953 $522K Reduce -0.3%
VTI VG Morningstar TS MKT ETF-US 0.25% 1,829 $518K No change
PNFP Pinnacle Financial Partners 0.25% 5,260 $515K No change
AGI Alamos Gold Inc. Class A 0.25% 25,820 $515K Add +0.0%
CLH Clean Harbors Inc. 0.25% 2,072 $501K No change
USFD US Foods Holding Corp. 0.24% 8,026 $494K Reduce -0.4%
UTHR United Therapeutics Corp. 0.23% 1,331 $477K New
CBZ Cbiz Inc. 0.23% 7,087 $477K No change
XOM Exxon Mobil Corp. 0.23% 4,055 $475K No change
COOP Mr Cooper Group Inc. 0.22% 4,904 $452K No change
ASML ASML Holding NV-NY Reg SHS 0.22% 538 $448K Reduce -0.6%
SKWD Skyward Specialty Insurance 0.21% 10,480 $427K No change
NVMI Nova Ltd. 0.21% 2,032 $423K Reduce -35.7%
ANET Arista Networks Inc. 0.21% 1,097 $421K Reduce -0.4%
TBBK The Bancorp Inc. 0.20% 7,809 $418K New
SAIA Saia Inc. 0.20% 952 $416K No change
NVT Nvent Electric PLC 0.20% 5,838 $410K Add +0.0%
FOUR SHIFT4 Payments Inc. Class A 0.20% 4,613 $409K Add +35.3%
ELF Elf Beauty Inc. 0.20% 3,713 $405K Add +15.6%
ROAD Construction Partners Inc. Class A 0.20% 5,781 $404K New
XLK SS Technology Select Sector 0.19% 1,754 $396K No change
IWR iShares Russell Mid-Cap ETF 0.19% 4,393 $387K No change
LECO Lincoln Electric Holdings 0.19% 2,001 $384K No change
APPF Appfolio Inc. Class A 0.18% 1,590 $374K No change
COST Costco Wholesale Corp. 0.17% 401 $355K No change
FTI Technipfmc PLC 0.17% 12,996 $341K New
IVE iShares S&P 500 Value ETF 0.16% 1,700 $335K No change
NVO Novo-Nordisk A/S-Spons ADR 0.15% 2,590 $308K Reduce -0.5%
MMYT Makemytrip Ltd. 0.15% 3,247 $302K No change
ACLS Axcelis Technologies Inc. 0.15% 2,871 $301K No change
VTV Vanguard Mrngstr Val ETF-Aui 0.14% 1,680 $293K No change
SMCI Super Micro Computer Inc. 0.14% 689 $287K No change
VRTX Vertex Pharmaceuticals Inc. 0.14% 597 $278K No change
SCCO Southern Copper Corp. 0.14% 2,388 $276K Add +5.8%
LIN Linde PLC 0.13% 563 $268K No change
AFL Aflac Inc. 0.13% 2,385 $267K Add +6.1%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.13% 6,444 $256K Add +2.7%
MEDP Medpace Holdings Inc. 0.12% 734 $245K Reduce -0.9%
H Hyatt Hotels Corp. Class A 0.12% 1,590 $242K No change
MRSH Marsh & McLennan Cos 0.11% 1,043 $233K No change
URI United Rentals Inc. 0.11% 287 $232K New
CRM Salesforce Inc. 0.11% 794 $217K No change
V Visa Inc. Class A 0.11% 788 $217K No change
GPC Genuine Parts Co. 0.10% 1,500 $210K No change

Portfolio Sells Q2 2024 → Q3 2024
MU Micron Technology Inc. Reduce -1.0% 1.11% −0.40
MCK McKesson Corp. Reduce -5.6% 1.11% −0.37
MSFT Microsoft Corp. Reduce -0.1% 2.93% −0.31
SPY SS SPDR S&P 500 ETF Trust-US Reduce -1.0% 15.70% −0.29
CMG Chipotle Mexican Grill Inc. Reduce -0.4% 1.48% −0.24
GOOGL Alphabet Inc. Class A Reduce -0.7% 1.24% −0.22
CELH Celsius Holdings Inc. Sold out 0.00% −0.22
SNPS Synopsys Inc. Reduce -0.9% 0.78% −0.20
GNTX Gentex Corp. Sold out 0.00% −0.19
NVMI Nova Ltd. Reduce -35.7% 0.21% −0.18
MYRG MYR Group Inc./Delaware Sold out 0.00% −0.17
AMZN Amazon.com Inc. Reduce -0.7% 1.43% −0.16
LSCC Lattice Semiconductor Corp. Sold out 0.00% −0.11
EVH Evolent Health Inc. Class A Sold out 0.00% −0.11
CPRT Copart Inc. Reduce -0.6% 0.74% −0.08
ASML ASML Holding NV-NY Reg SHS Reduce -0.6% 0.22% −0.07
MLM Martin Marietta Materials Reduce -1.5% 0.55% −0.05
NVO Novo-Nordisk A/S-Spons ADR Reduce -0.5% 0.15% −0.04
MEDP Medpace Holdings Inc. Reduce -0.9% 0.12% −0.04
SYK Stryker Corp. Reduce -4.2% 0.82% −0.04
BKNG Booking Holdings Inc. Reduce -1.5% 1.09% −0.02
TXRH Texas Roadhouse Inc. Reduce -0.3% 0.26% −0.01
NOW ServiceNow Inc. Reduce -6.8% 0.39% −0.00
ANET Arista Networks Inc. Reduce -0.4% 0.21% +0.01
USFD US Foods Holding Corp. Reduce -0.4% 0.24% +0.02
GS Goldman Sachs Group Inc. Reduce -0.6% 1.64% +0.04
MPWR Monolithic Power Systems Inc. Reduce -0.9% 1.42% +0.07
META Meta Platforms Inc. Class A Reduce -0.9% 1.33% +0.07
CB Chubb Ltd. Reduce -0.8% 1.48% +0.08
HCA HCA Healthcare Inc. Reduce -2.1% 1.23% +0.18

Portfolio Buys Q2 2024 → Q3 2024
XHB SS SPDR S&P Homebldrs ETF Add +2.3% 4.06% +0.64
LQD Ishr Ibx Usd Invgd CB ETF-Ui Add +6.5% 5.57% +0.30
FTNT Fortinet Inc. Add +9.0% 1.14% +0.28
QQQ Invesco QQQ Trust Series 1 Add +8.8% 5.84% +0.24
UTHR United Therapeutics Corp. New 0.23% +0.23
TBBK The Bancorp Inc. New 0.20% +0.20
ROAD Construction Partners Inc. Class A New 0.20% +0.20
FTI Technipfmc PLC New 0.17% +0.17
ACN Accenture PLC Class A Add +9.9% 0.88% +0.15
PH Parker Hannifin Corp. Add +0.3% 0.97% +0.15
UNH Unitedhealth Group Inc. Add +6.5% 1.06% +0.14
IWD iShares Russell 1000 Value E Add +1.2% 3.61% +0.13
MCD McDonald's Corp. Add +9.0% 0.67% +0.12
URI United Rentals Inc. New 0.11% +0.11
CSW CSW Industrials Inc. Add +0.1% 0.43% +0.10
WMT Walmart Inc. Add +0.2% 0.90% +0.10
HYG Ishr Ibx Usd Hiyld CB ETF-Ui Add +6.5% 2.28% +0.09
MSI Motorola Solutions Inc. Add +0.0% 0.99% +0.09
MDT Medtronic PLC Add +11.2% 0.53% +0.09
AAPL Apple Inc. Add +0.1% 1.95% +0.08
FIX Comfort Systems USA Inc. Add +3.8% 0.38% +0.08
AVGO Broadcom Inc. Add +1.7% 2.70% +0.07
FOUR SHIFT4 Payments Inc. Class A Add +35.3% 0.20% +0.07
STRL Sterling Infrastructure Inc. Add +4.0% 0.36% +0.06
MA Mastercard Inc. Class A Add +0.5% 0.89% +0.05
JEF Jefferies Financial Group Inc. Add +0.0% 0.30% +0.04
KO The Coca-Cola Co. Add +0.4% 0.68% +0.04
AGI Alamos Gold Inc. Class A Add +0.0% 0.25% +0.04
AFL Aflac Inc. Add +6.1% 0.13% +0.03
IWP iShares Russell Mid-Cap Grow Add +1.6% 1.05% +0.02
ZBH Zimmer Biomet Holdings Inc. Add +12.0% 0.35% +0.02
MUB iShares National Muni Bond E Add +10.3% 0.27% +0.01
AJG Arthur J Gallagher & Co. Add +0.3% 0.63% +0.01
SCCO Southern Copper Corp. Add +5.8% 0.14% +0.01
STZ Constellation Brands Inc. Class A Add +8.2% 0.39% +0.01
PG The Procter & Gamble Co. Add +1.6% 0.88% +0.00
LHX L3HARRIS Technologies Inc. Add +1.0% 0.57% +0.00
J Jacobs Solutions Inc. Add +12.4% 0.37% −0.00
BAC Bank of America Corp. Add +2.7% 0.13% −0.00
NFLX Netflix Inc. Add +0.3% 1.08% −0.01
JPM JPMorgan Chase & Co. Add +1.1% 1.21% −0.01
WM Waste Management Inc. Add +6.7% 1.00% −0.02
NVT Nvent Electric PLC Add +0.0% 0.20% −0.03
CDNS Cadence Design SYS Inc. Add +0.7% 0.56% −0.11
ELF Elf Beauty Inc. Add +15.6% 0.20% −0.15
QCOM Qualcomm Inc. Add +1.2% 0.84% −0.19
XLE SS Energy Select Sector Add +0.3% 2.43% −0.24
NVDA Nvidia Corp. Add +1.0% 3.51% −0.25

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