HMS Capital Management, LLC

Name: HMS Capital Management, LLC 13F holdings, Q4 2024
Creator: HMS Capital Management, LLC
Published: 2025-01-29

Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q3 2024Q2 2024Q1 2024

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 29, 2025), HMS Capital Management, LLC reported 107 stock positions worth $206.9 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, 5.9%) and Ishr Ibx Usd Invgd CB ETF-Ui (LQD, 5.6%). Compared with Q3 2024, it opened 3 new positions, sold out of 4, added to 14 and reduced 69. The biggest buy was SS SPDR S&P 500 ETF Trust-US (SPY, shares +1%) and the biggest sale SS SPDR S&P Homebldrs ETF (XHB, shares −1%).

Most Recent 13F: Q2 2026
Location: NASHVILLE, TN
CIK: 0001689470
Portfolio Value: $206.9M (Q4 2024)
SEC Filing: 0001667731-25-000168 ↗ filed Jan 29, 2025

Holdings Value

Holdings 107 stocks · $206.9M


SPY SS SPDR S&P 500 ETF Trust-US	15.99%	56,458	$33.1M	Add +1.1%
QQQ Invesco QQQ Trust Series 1	5.87%	23,762	$12.1M	Reduce -2.7%
LQD Ishr Ibx Usd Invgd CB ETF-Ui	5.59%	108,262	$11.6M	Add +7.7%
NVDA Nvidia Corp.	3.72%	57,289	$7.7M	Reduce -2.9%
AVGO Broadcom Inc.	3.48%	31,069	$7.2M	Reduce -2.6%
IWD iShares Russell 1000 Value E	3.37%	37,671	$7.0M	Reduce -2.9%
XHB SS SPDR S&P Homebldrs ETF	3.32%	65,726	$6.9M	Reduce -1.1%
MSFT Microsoft Corp.	2.82%	13,856	$5.8M	Reduce -0.2%
XLE SS Energy Select Sector	2.32%	55,939	$4.8M	Reduce -0.8%
HYG Ishr Ibx Usd Hiyld CB ETF-Ui	2.25%	59,267	$4.7M	Add +2.4%
AAPL Apple Inc.	2.03%	16,778	$4.2M	Reduce -1.9%
GS Goldman Sachs Group Inc.	1.87%	6,751	$3.9M	No change
AMZN Amazon.com Inc.	1.63%	15,372	$3.4M	Reduce -1.8%
CMG Chipotle Mexican Grill Inc.	1.53%	52,406	$3.2M	Reduce -0.2%
CB Chubb Ltd.	1.40%	10,466	$2.9M	Reduce -0.1%
FTNT Fortinet Inc.	1.38%	30,318	$2.9M	Add +1.0%
GOOGL Alphabet Inc. Class A	1.36%	14,851	$2.8M	Reduce -2.3%
JPM JPMorgan Chase & Co.	1.36%	11,701	$2.8M	Reduce -0.2%
META Meta Platforms Inc. Class A	1.33%	4,683	$2.7M	Reduce -1.4%
NFLX Netflix Inc.	1.32%	3,070	$2.7M	Reduce -1.1%
MCK McKesson Corp.	1.26%	4,572	$2.6M	Reduce -0.3%
BKNG Booking Holdings Inc.	1.25%	522	$2.6M	Reduce -1.1%
IWP iShares Russell Mid-Cap Grow	1.22%	19,850	$2.5M	Add +8.2%
MSI Motorola Solutions Inc.	1.01%	4,504	$2.1M	Reduce -0.2%
WMT Walmart Inc.	1.00%	22,799	$2.1M	Add +0.4%
PH Parker Hannifin Corp.	0.97%	3,167	$2.0M	Add +1.2%
MA Mastercard Inc. Class A	0.93%	3,648	$1.9M	Reduce -0.5%
WM Waste Management Inc.	0.92%	9,431	$1.9M	Reduce -3.8%
UNH Unitedhealth Group Inc.	0.89%	3,629	$1.8M	Reduce -1.7%
ACN Accenture PLC Class A	0.87%	5,101	$1.8M	Add +0.5%
IWF iShares Russell 1000 Growth	0.85%	4,371	$1.8M	No change
MPWR Monolithic Power Systems Inc.	0.84%	2,954	$1.7M	Reduce -5.8%
HCA HCA Healthcare Inc.	0.84%	5,756	$1.7M	Reduce -7.0%
PG The Procter & Gamble Co.	0.83%	10,266	$1.7M	Reduce -1.2%
VOO Vanguard S&P 500 ETF	0.82%	3,154	$1.7M	No change
MU Micron Technology Inc.	0.82%	20,039	$1.7M	Reduce -8.5%
SYK Stryker Corp.	0.81%	4,668	$1.7M	Add +0.8%
CPRT Copart Inc.	0.79%	28,585	$1.6M	Reduce -0.7%
SNPS Synopsys Inc.	0.68%	2,907	$1.4M	Reduce -7.4%
QCOM Qualcomm Inc.	0.68%	9,124	$1.4M	Reduce -9.9%
CDNS Cadence Design SYS Inc.	0.64%	4,422	$1.3M	Add +5.5%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO	0.63%	4,571	$1.3M	Add +0.7%
MCD McDonald's Corp.	0.63%	4,461	$1.3M	Reduce -0.8%
KO The Coca-Cola Co.	0.57%	19,050	$1.2M	Reduce -1.2%
MLM Martin Marietta Materials	0.51%	2,029	$1.0M	Reduce -1.8%
LHX L3HARRIS Technologies Inc.	0.49%	4,807	$1.0M	Reduce -0.9%
MDT Medtronic PLC	0.43%	11,130	$889K	Reduce -7.0%
NOW ServiceNow Inc.	0.43%	832	$882K	Reduce -5.9%
VIG Vanguard Dividend Apprec ETF	0.43%	4,492	$880K	Reduce -0.5%
CSW CSW Industrials Inc.	0.41%	2,420	$854K	Add +0.0%
STRL Sterling Infrastructure Inc.	0.41%	5,063	$853K	Reduce -0.0%
FIX Comfort Systems USA Inc.	0.40%	1,974	$837K	Reduce -0.3%
JEF Jefferies Financial Group Inc.	0.38%	10,033	$787K	Reduce -0.1%
IJK iShares S&P Mid-Cap 400 Grow	0.38%	8,614	$783K	Reduce -1.2%
J Jacobs Solutions Inc.	0.38%	5,830	$779K	Add +1.0%
IVW iShares S&P 500 Growth ETF	0.37%	7,610	$773K	No change
MUB iShares National Muni Bond E	0.34%	6,591	$702K	Add +32.2%
STZ Constellation Brands Inc. Class A	0.32%	3,018	$667K	Reduce -1.4%
IVV iShares Core S&P 500 ETF	0.31%	1,076	$633K	No change
ZBH Zimmer Biomet Holdings Inc.	0.30%	5,816	$614K	Reduce -11.2%
PNFP Pinnacle Financial Partners	0.29%	5,260	$602K	No change
SN Sharkninja Inc.	0.29%	6,158	$600K	No change
CBZ Cbiz Inc.	0.28%	7,078	$579K	Reduce -0.1%
CW Curtiss-Wright Corp.	0.28%	1,620	$575K	Reduce -0.4%
EXP Eagle Materials Inc.	0.27%	2,284	$564K	Reduce -0.4%
USFD US Foods Holding Corp.	0.26%	8,014	$541K	Reduce -0.1%
TXRH Texas Roadhouse Inc.	0.26%	2,947	$532K	Reduce -0.2%
VTI VG Morningstar TS MKT ETF-US	0.26%	1,829	$530K	No change
SKWD Skyward Specialty Insurance	0.26%	10,448	$528K	Reduce -0.3%
PSN Parsons Corp.	0.25%	5,577	$514K	Reduce -0.3%
ROAD Construction Partners Inc. Class A	0.25%	5,780	$511K	Reduce -0.0%
FOUR SHIFT4 Payments Inc. Class A	0.23%	4,606	$478K	Reduce -0.1%
CLH Clean Harbors Inc.	0.23%	2,071	$477K	Reduce -0.1%
AGI Alamos Gold Inc. Class A	0.23%	25,778	$475K	Reduce -0.2%
ANET Arista Networks Inc.	0.23%	4,272	$472K	Reduce -2.6%
COOP Mr Cooper Group Inc.	0.23%	4,893	$470K	Reduce -0.2%
UTHR United Therapeutics Corp.	0.23%	1,328	$469K	Reduce -0.2%
ELF Elf Beauty Inc.	0.22%	3,701	$465K	Reduce -0.3%
XOM Exxon Mobil Corp.	0.21%	4,055	$436K	No change
SAIA Saia Inc.	0.21%	951	$433K	Reduce -0.1%
MTSI Macom Technology Solutions H	0.21%	3,274	$425K	New
TBBK The Bancorp Inc.	0.20%	7,797	$410K	Reduce -0.1%
XLK SS Technology Select Sector	0.20%	1,754	$408K	No change
NVMI Nova Ltd.	0.19%	2,031	$400K	Reduce -0.1%
NVT Nvent Electric PLC	0.19%	5,832	$398K	Reduce -0.1%
APPF Appfolio Inc. Class A	0.19%	1,590	$392K	No change
IWR iShares Russell Mid-Cap ETF	0.19%	4,393	$388K	No change
FTI Technipfmc PLC	0.18%	12,990	$376K	Reduce -0.1%
LECO Lincoln Electric Holdings	0.18%	1,997	$374K	Reduce -0.2%
ASML ASML Holding NV-NY Reg SHS	0.18%	538	$373K	No change
MMYT Makemytrip Ltd.	0.18%	3,244	$364K	Reduce -0.1%
IVE iShares S&P 500 Value ETF	0.16%	1,700	$324K	No change
COST Costco Wholesale Corp.	0.15%	346	$317K	Reduce -13.7%
ONON On Holding AG Class A filed as ON HLDG AG	0.15%	5,752	$315K	New
VTV Vanguard Mrngstr Val ETF-Aui	0.14%	1,680	$284K	No change
BAC Bank of America Corp. filed as BANK AMERICA CORP	0.13%	6,105	$268K	Reduce -5.3%
CRM Salesforce Inc.	0.13%	794	$265K	No change
AIQ Global X Art Intel & Tech	0.13%	6,789	$262K	New
H Hyatt Hotels Corp. Class A	0.12%	1,590	$250K	No change
V Visa Inc. Class A	0.12%	788	$249K	No change
MEDP Medpace Holdings Inc.	0.12%	733	$244K	Reduce -0.1%
VRTX Vertex Pharmaceuticals Inc.	0.12%	597	$240K	No change
LIN Linde PLC	0.11%	563	$236K	No change
AFL Aflac Inc.	0.11%	2,273	$235K	Reduce -4.7%
MRSH Marsh & McLennan Cos	0.11%	1,043	$222K	No change
NVO Novo-Nordisk A/S-Spons ADR	0.11%	2,538	$218K	Reduce -2.0%
SCCO Southern Copper Corp.	0.10%	2,263	$206K	Reduce -5.2%

Portfolio Sells Q3 2024 → Q4 2024


XHB SS SPDR S&P Homebldrs ETF	Reduce -1.1%	3.32%	−0.74
MPWR Monolithic Power Systems Inc.	Reduce -5.8%	0.84%	−0.58
HCA HCA Healthcare Inc.	Reduce -7.0%	0.84%	−0.40
MU Micron Technology Inc.	Reduce -8.5%	0.82%	−0.30
IWD iShares Russell 1000 Value E	Reduce -2.9%	3.37%	−0.24
UNH Unitedhealth Group Inc.	Reduce -1.7%	0.89%	−0.17
QCOM Qualcomm Inc.	Reduce -9.9%	0.68%	−0.17
ACLS Axcelis Technologies Inc.	Sold out	0.00%	−0.15
SMCI Super Micro Computer Inc.	Sold out	0.00%	−0.14
URI United Rentals Inc.	Sold out	0.00%	−0.11
XLE SS Energy Select Sector	Reduce -0.8%	2.32%	−0.11
KO The Coca-Cola Co.	Reduce -1.2%	0.57%	−0.11
MSFT Microsoft Corp.	Reduce -0.2%	2.82%	−0.10
GPC Genuine Parts Co.	Sold out	0.00%	−0.10
MDT Medtronic PLC	Reduce -7.0%	0.43%	−0.10
SNPS Synopsys Inc.	Reduce -7.4%	0.68%	−0.10
CB Chubb Ltd.	Reduce -0.1%	1.40%	−0.08
WM Waste Management Inc.	Reduce -3.8%	0.92%	−0.08
LHX L3HARRIS Technologies Inc.	Reduce -0.9%	0.49%	−0.08
STZ Constellation Brands Inc. Class A	Reduce -1.4%	0.32%	−0.06
EXP Eagle Materials Inc.	Reduce -0.4%	0.27%	−0.05
PG The Procter & Gamble Co.	Reduce -1.2%	0.83%	−0.05
ZBH Zimmer Biomet Holdings Inc.	Reduce -11.2%	0.30%	−0.05
MCD McDonald's Corp.	Reduce -0.8%	0.63%	−0.05
NVO Novo-Nordisk A/S-Spons ADR	Reduce -2.0%	0.11%	−0.05
MLM Martin Marietta Materials	Reduce -1.8%	0.51%	−0.04
SCCO Southern Copper Corp.	Reduce -5.2%	0.10%	−0.04
PSN Parsons Corp.	Reduce -0.3%	0.25%	−0.04
AGI Alamos Gold Inc. Class A	Reduce -0.2%	0.23%	−0.02
COST Costco Wholesale Corp.	Reduce -13.7%	0.15%	−0.02
AFL Aflac Inc.	Reduce -4.7%	0.11%	−0.02
CLH Clean Harbors Inc.	Reduce -0.1%	0.23%	−0.02
NVMI Nova Ltd.	Reduce -0.1%	0.19%	−0.01
IJK iShares S&P Mid-Cap 400 Grow	Reduce -1.2%	0.38%	−0.01
VIG Vanguard Dividend Apprec ETF	Reduce -0.5%	0.43%	−0.01
NVT Nvent Electric PLC	Reduce -0.1%	0.19%	−0.01
LECO Lincoln Electric Holdings	Reduce -0.2%	0.18%	−0.01
UTHR United Therapeutics Corp.	Reduce -0.2%	0.23%	−0.01
META Meta Platforms Inc. Class A	Reduce -1.4%	1.33%	−0.01
TBBK The Bancorp Inc.	Reduce -0.1%	0.20%	−0.01
MEDP Medpace Holdings Inc.	Reduce -0.1%	0.12%	−0.00
TXRH Texas Roadhouse Inc.	Reduce -0.2%	0.26%	+0.00
BAC Bank of America Corp.	Reduce -5.3%	0.13%	+0.00
SAIA Saia Inc.	Reduce -0.1%	0.21%	+0.01
COOP Mr Cooper Group Inc.	Reduce -0.2%	0.23%	+0.01
MSI Motorola Solutions Inc.	Reduce -0.2%	1.01%	+0.01
FTI Technipfmc PLC	Reduce -0.1%	0.18%	+0.01
CW Curtiss-Wright Corp.	Reduce -0.4%	0.28%	+0.02
USFD US Foods Holding Corp.	Reduce -0.1%	0.26%	+0.02
ANET Arista Networks Inc.	Reduce -2.6%	0.23%	+0.02

Portfolio Buys Q3 2024 → Q4 2024


SPY SS SPDR S&P 500 ETF Trust-US	Add +1.1%	15.99%	+0.30
FTNT Fortinet Inc.	Add +1.0%	1.38%	+0.24
MTSI Macom Technology Solutions H	New	0.21%	+0.21
IWP iShares Russell Mid-Cap Grow	Add +8.2%	1.22%	+0.16
ONON On Holding AG Class A	New	0.15%	+0.15
AIQ Global X Art Intel & Tech	New	0.13%	+0.13
WMT Walmart Inc.	Add +0.4%	1.00%	+0.10
CDNS Cadence Design SYS Inc.	Add +5.5%	0.64%	+0.09
MUB iShares National Muni Bond E	Add +32.2%	0.34%	+0.07
LQD Ishr Ibx Usd Invgd CB ETF-Ui	Add +7.7%	5.59%	+0.03
J Jacobs Solutions Inc.	Add +1.0%	0.38%	+0.01
PH Parker Hannifin Corp.	Add +1.2%	0.97%	+0.00
AJG Arthur J Gallagher & Co.	Add +0.7%	0.63%	+0.00
SYK Stryker Corp.	Add +0.8%	0.81%	−0.01
ACN Accenture PLC Class A	Add +0.5%	0.87%	−0.01
CSW CSW Industrials Inc.	Add +0.0%	0.41%	−0.02
HYG Ishr Ibx Usd Hiyld CB ETF-Ui	Add +2.4%	2.25%	−0.02

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026	120	$267.4M	SPY, LQD, EFA, QQQ, MU
Q1 2026	113	$258.5M	SPY, LQD, EFA, QQQ, NVDA
Q4 2025	103	$241.7M	SPY, EFA, LQD, QQQ, AIQ
Q3 2025	107	$237.8M	SPY, EFA, LQD, QQQ, AIQ
Q2 2025	105	$221.8M	SPY, EFA, LQD, QQQ, AIQ
Q1 2025	104	$180.3M	SPY, LQD, QQQ, XHB, AIQ
Q4 2024	107	$206.9M	SPY, QQQ, LQD, NVDA, AVGO
Q3 2024	108	$204.0M	SPY, QQQ, LQD, XHB, IWD
Q2 2024	108	$191.9M	SPY, QQQ, LQD, NVDA, IWD
Q1 2024	107	$180.5M	SPY, QQQ, LQD, XHB, IWD