HMS Capital Management, LLC

Name: HMS Capital Management, LLC 13F holdings, Q4 2025
Creator: HMS Capital Management, LLC
Published: 2026-01-16

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

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 16, 2026), HMS Capital Management, LLC reported 103 stock positions worth $241.7 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 15.8% of the portfolio, followed by iShares MSCI Eafe ETF (EFA, 7.6%) and Ishr Ibx Usd Invgd CB ETF-Ui (LQD, 6.5%). Compared with Q3 2025, it opened 3 new positions, sold out of 7, added to 12 and reduced 74. The biggest buy was a new position in Rocket Cos Class A (RKT) and the biggest sale an exit from Mr Cooper (COOP).

Most Recent 13F: Q2 2026
Location: NASHVILLE, TN
CIK: 0001689470
Portfolio Value: $241.7M (Q4 2025)
SEC Filing: 0001689470-26-000001 ↗ filed Jan 16, 2026

Holdings Value

Holdings 103 stocks · $241.7M


SPY SS SPDR S&P 500 ETF Trust-US	15.83%	56,110	$38.3M	Reduce -30.2%
EFA iShares MSCI Eafe ETF	7.62%	191,720	$18.4M	Add +0.6%
LQD Ishr Ibx Usd Invgd CB ETF-Ui	6.48%	142,156	$15.7M	Add +3.7%
QQQ Invesco QQQ Trust Series 1	5.34%	21,012	$12.9M	Add +0.1%
AIQ Global X Art Intel & Tech	4.13%	196,426	$10.0M	Reduce -1.0%
NVDA Nvidia Corp.	3.83%	49,604	$9.3M	Reduce -1.9%
CWB SS SPDR BB Conv Sec ETF	2.59%	70,180	$6.3M	Add +1.3%
GS Goldman Sachs Group Inc.	2.27%	6,241	$5.5M	Reduce -0.6%
MU Micron Technology Inc.	2.26%	19,101	$5.5M	Reduce -2.1%
MSFT Microsoft Corp.	2.25%	11,259	$5.4M	Reduce -7.8%
AVGO Broadcom Inc.	2.15%	14,987	$5.2M	Reduce -1.1%
IWP iShares Russell Mid-Cap Grow	1.85%	32,665	$4.5M	Add +2.0%
GOOGL Alphabet Inc. Class A	1.77%	13,667	$4.3M	Reduce -1.1%
AAPL Apple Inc.	1.66%	14,738	$4.0M	Reduce -1.9%
XLE SS Energy Select Sector	1.49%	80,289	$3.6M	Reduce -1.4%
MCK McKesson Corp.	1.40%	4,136	$3.4M	Reduce -0.8%
JPM JPMorgan Chase & Co.	1.40%	10,477	$3.4M	Reduce -1.1%
AMZN Amazon.com Inc.	1.38%	14,433	$3.3M	Reduce -1.9%
HYG Ishr Ibx Usd Hiyld CB ETF-Ui	1.34%	40,312	$3.3M	Reduce -4.5%
META Meta Platforms Inc. Class A	1.17%	4,287	$2.8M	Reduce -0.7%
BAC Bank of America Corp. filed as BANK AMERICA CORP	1.08%	47,571	$2.6M	Reduce -1.0%
NFLX Netflix Inc.	1.07%	27,659	$2.6M	Reduce -1.5%
PH Parker Hannifin Corp.	1.06%	2,908	$2.6M	Reduce -1.2%
BKNG Booking Holdings Inc.	1.03%	464	$2.5M	Reduce -1.1%
HCA HCA Healthcare Inc.	1.01%	5,236	$2.4M	Reduce -1.2%
WMT Walmart Inc.	0.98%	21,160	$2.4M	Reduce -1.0%
IWD iShares Russell 1000 Value E	0.96%	10,992	$2.3M	Add +2.0%
FTNT Fortinet Inc.	0.89%	27,234	$2.2M	Reduce -9.5%
IWF iShares Russell 1000 Growth	0.86%	4,371	$2.1M	No change
AMD Advanced Micro Devices	0.82%	9,295	$2.0M	Reduce -0.6%
LLY Eli Lilly & Co.	0.79%	1,787	$1.9M	Reduce -1.4%
MA Mastercard Inc. Class A	0.77%	3,255	$1.9M	Reduce -0.7%
WM Waste Management Inc.	0.74%	8,179	$1.8M	Reduce -0.8%
VOO Vanguard S&P 500 ETF	0.73%	2,818	$1.8M	Reduce -1.3%
MSI Motorola Solutions Inc.	0.64%	4,030	$1.5M	Reduce -0.7%
MUB iShares National Muni Bond E	0.63%	14,198	$1.5M	Add +5.9%
QCOM Qualcomm Inc.	0.61%	8,641	$1.5M	Reduce -1.5%
SYK Stryker Corp.	0.61%	4,182	$1.5M	Reduce -0.8%
CDNS Cadence Design SYS Inc.	0.56%	4,360	$1.4M	Reduce -0.9%
CMG Chipotle Mexican Grill Inc.	0.53%	34,459	$1.3M	Reduce -23.0%
KO The Coca-Cola Co.	0.53%	18,166	$1.3M	Reduce -0.7%
PG The Procter & Gamble Co.	0.52%	8,713	$1.2M	Reduce -11.9%
FIX Comfort Systems USA Inc.	0.50%	1,293	$1.2M	Reduce -0.8%
MCD McDonald's Corp.	0.49%	3,912	$1.2M	Reduce -0.8%
URI United Rentals Inc.	0.47%	1,399	$1.1M	Reduce -0.9%
AA Alcoa Corp.	0.46%	20,979	$1.1M	Reduce -2.1%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO	0.44%	4,151	$1.1M	Reduce -1.6%
CLS Celestica Inc.	0.44%	3,591	$1.1M	Reduce -0.6%
RKT Rocket Cos Inc. Class A	0.40%	50,298	$974K	New
STRL Sterling Infrastructure Inc.	0.40%	3,163	$969K	Reduce -1.7%
AGI Alamos Gold Inc. Class A	0.40%	24,818	$957K	Reduce -1.3%
STLD Steel Dynamics Inc.	0.38%	5,421	$919K	Reduce -1.3%
SJM The JM Smucker Co. filed as SMUCKER J M CO	0.38%	9,369	$916K	Reduce -6.8%
IVW iShares S&P 500 Growth ETF	0.37%	7,210	$889K	Reduce -1.0%
CW Curtiss-Wright Corp.	0.34%	1,505	$830K	Reduce -2.6%
J Jacobs Solutions Inc.	0.31%	5,692	$754K	Reduce -0.9%
CPRT Copart Inc.	0.31%	19,256	$754K	Reduce -8.3%
IVV iShares Core S&P 500 ETF	0.29%	1,035	$709K	No change
CSW CSW Industrials Inc.	0.27%	2,254	$662K	Add +0.1%
MPWR Monolithic Power Systems Inc.	0.27%	717	$650K	Reduce -1.5%
SN Sharkninja Inc.	0.27%	5,800	$649K	Reduce -0.7%
IJK iShares S&P Mid-Cap 400 Grow	0.26%	6,582	$638K	Add +74.5%
UTHR United Therapeutics Corp.	0.25%	1,263	$615K	Reduce -0.9%
NVMI Nova Ltd.	0.25%	1,853	$609K	Reduce -1.4%
ROAD Construction Partners Inc. Class A	0.24%	5,452	$592K	Reduce -1.4%
USFD US Foods Holding Corp.	0.24%	7,613	$573K	Reduce -0.3%
NVT Nvent Electric PLC	0.23%	5,508	$562K	Reduce -1.0%
CB Chubb Ltd.	0.23%	1,787	$558K	No change
CRS Carpenter Technology	0.23%	1,757	$553K	Reduce -0.6%
FTI Technipfmc PLC	0.22%	12,107	$539K	Reduce -0.6%
ACN Accenture PLC Class A	0.22%	2,006	$538K	Reduce -58.0%
AHR American Healthcare REIT Inc.	0.22%	11,167	$526K	Reduce -1.3%
MTSI Macom Technology Solutions H	0.22%	3,039	$521K	Reduce -0.6%
SKWD Skyward Specialty Insurance	0.21%	10,147	$519K	Reduce -1.5%
PNFP Pinnacle Financial Partners	0.21%	5,260	$502K	No change
TBBK The Bancorp Inc.	0.20%	7,212	$487K	Reduce -0.7%
CLH Clean Harbors Inc.	0.19%	1,978	$464K	Reduce -0.3%
NOW ServiceNow Inc.	0.19%	2,965	$454K	No change
TXRH Texas Roadhouse Inc.	0.19%	2,715	$451K	Add +0.0%
IREN Iren Ltd. filed as IREN LIMITED	0.18%	11,461	$433K	Reduce -1.5%
IWR iShares Russell Mid-Cap ETF	0.17%	4,393	$423K	No change
XLK SS Technology Select Sector	0.16%	2,760	$397K	No change
ANET Arista Networks Inc.	0.16%	3,028	$397K	Reduce -1.9%
NFG National Fuel Gas Co.	0.16%	4,714	$377K	Reduce -0.6%
XHB SS SPDR S&P Homebldrs ETF	0.15%	3,471	$357K	No change
VIG Vanguard Dividend Apprec ETF	0.15%	1,607	$353K	Reduce -1.0%
APPF Appfolio Inc. Class A	0.14%	1,493	$347K	Reduce -0.7%
XOM Exxon Mobil Corp.	0.14%	2,873	$346K	No change
HWM Howmet Aerospace Inc.	0.14%	1,681	$345K	Reduce -0.6%
AROC Archrock Inc.	0.14%	13,012	$339K	Add +0.0%
EXLS Exlservice Holdings Inc.	0.14%	7,846	$333K	Reduce -0.7%
ONON On Holding AG Class A filed as ON HLDG AG	0.14%	7,086	$329K	Reduce -0.9%
VIK Viking Holdings Ltd.	0.14%	4,571	$326K	Reduce -2.2%
VTI VG Morningstar TS MKT ETF-US	0.13%	964	$323K	No change
FOUR SHIFT4 Payments Inc. Class A	0.12%	4,421	$278K	No change
V Visa Inc. Class A	0.11%	788	$276K	No change
GPC Genuine Parts Co.	0.11%	2,200	$271K	No change
MMYT Makemytrip Ltd.	0.11%	3,145	$258K	Reduce -1.5%
SCCO Southern Copper Corp.	0.10%	1,743	$250K	Add +0.6%
VRTX Vertex Pharmaceuticals Inc.	0.09%	497	$225K	Reduce -47.4%
CAH Cardinal Health Inc.	0.09%	1,088	$224K	New
CEG Constellation Energy	0.09%	629	$222K	New
AFL Aflac Inc.	0.08%	1,826	$201K	No change

Portfolio Sells Q3 2025 → Q4 2025


COOP Mr Cooper Group Inc.	Sold out	0.00%	−0.41
MSFT Microsoft Corp.	Reduce -7.8%	2.25%	−0.41
NFLX Netflix Inc.	Reduce -1.5%	1.07%	−0.34
ACN Accenture PLC Class A	Reduce -58.0%	0.22%	−0.27
CMG Chipotle Mexican Grill Inc.	Reduce -23.0%	0.53%	−0.21
FTNT Fortinet Inc.	Reduce -9.5%	0.89%	−0.17
META Meta Platforms Inc. Class A	Reduce -0.7%	1.17%	−0.16
WAY Waystar Holding Corp.	Sold out	0.00%	−0.15
MSI Motorola Solutions Inc.	Reduce -0.7%	0.64%	−0.14
NVDA Nvidia Corp.	Reduce -1.9%	3.83%	−0.14
PG The Procter & Gamble Co.	Reduce -11.9%	0.52%	−0.12
SFM Sprouts Farmers Market Inc.	Sold out	0.00%	−0.12
AJG Arthur J Gallagher & Co.	Reduce -1.6%	0.44%	−0.10
URI United Rentals Inc.	Reduce -0.9%	0.47%	−0.10
HYG Ishr Ibx Usd Hiyld CB ETF-Ui	Reduce -4.5%	1.34%	−0.10
LIN Linde PLC	Sold out	0.00%	−0.09
SE Sea Ltd.-ADR	Sold out	0.00%	−0.09
COST Costco Wholesale Corp.	Sold out	0.00%	−0.09
HIMS Hims & Hers Health Inc.	Sold out	0.00%	−0.09
CDNS Cadence Design SYS Inc.	Reduce -0.9%	0.56%	−0.09
CPRT Copart Inc.	Reduce -8.3%	0.31%	−0.08
SJM The JM Smucker Co.	Reduce -6.8%	0.38%	−0.08
VRTX Vertex Pharmaceuticals Inc.	Reduce -47.4%	0.09%	−0.06
STRL Sterling Infrastructure Inc.	Reduce -1.7%	0.40%	−0.06
ROAD Construction Partners Inc. Class A	Reduce -1.4%	0.24%	−0.05
IREN Iren Ltd.	Reduce -1.5%	0.18%	−0.05
J Jacobs Solutions Inc.	Reduce -0.9%	0.31%	−0.05
SYK Stryker Corp.	Reduce -0.8%	0.61%	−0.05
XLE SS Energy Select Sector	Reduce -1.4%	1.49%	−0.04
BKNG Booking Holdings Inc.	Reduce -1.1%	1.03%	−0.04
APPF Appfolio Inc. Class A	Reduce -0.7%	0.14%	−0.03
NFG National Fuel Gas Co.	Reduce -0.6%	0.16%	−0.03
TBBK The Bancorp Inc.	Reduce -0.7%	0.20%	−0.03
ANET Arista Networks Inc.	Reduce -1.9%	0.16%	−0.02
WM Waste Management Inc.	Reduce -0.8%	0.74%	−0.02
MMYT Makemytrip Ltd.	Reduce -1.5%	0.11%	−0.02
MA Mastercard Inc. Class A	Reduce -0.7%	0.77%	−0.02
MPWR Monolithic Power Systems Inc.	Reduce -1.5%	0.27%	−0.01
CW Curtiss-Wright Corp.	Reduce -2.6%	0.34%	−0.01
MCD McDonald's Corp.	Reduce -0.8%	0.49%	−0.01
USFD US Foods Holding Corp.	Reduce -0.3%	0.24%	−0.01
JPM JPMorgan Chase & Co.	Reduce -1.1%	1.40%	−0.01
EXLS Exlservice Holdings Inc.	Reduce -0.7%	0.14%	−0.01
VOO Vanguard S&P 500 ETF	Reduce -1.3%	0.73%	−0.00
QCOM Qualcomm Inc.	Reduce -1.5%	0.61%	−0.00
IVW iShares S&P 500 Growth ETF	Reduce -1.0%	0.37%	−0.00
CLH Clean Harbors Inc.	Reduce -0.3%	0.19%	−0.00
VIG Vanguard Dividend Apprec ETF	Reduce -1.0%	0.15%	−0.00
NVMI Nova Ltd.	Reduce -1.4%	0.25%	−0.00
NVT Nvent Electric PLC	Reduce -1.0%	0.23%	+0.00

Portfolio Buys Q3 2025 → Q4 2025


RKT Rocket Cos Inc. Class A	New	0.40%	+0.40
EFA iShares MSCI Eafe ETF	Add +0.6%	7.62%	+0.14
IJK iShares S&P Mid-Cap 400 Grow	Add +74.5%	0.26%	+0.11
CAH Cardinal Health Inc.	New	0.09%	+0.09
CEG Constellation Energy	New	0.09%	+0.09
LQD Ishr Ibx Usd Invgd CB ETF-Ui	Add +3.7%	6.48%	+0.05
CSW CSW Industrials Inc.	Add +0.1%	0.27%	+0.04
QQQ Invesco QQQ Trust Series 1	Add +0.1%	5.34%	+0.04
IWD iShares Russell 1000 Value E	Add +2.0%	0.96%	+0.03
MUB iShares National Muni Bond E	Add +5.9%	0.63%	+0.03
SCCO Southern Copper Corp.	Add +0.6%	0.10%	+0.01
TXRH Texas Roadhouse Inc.	Add +0.0%	0.19%	−0.00
AROC Archrock Inc.	Add +0.0%	0.14%	−0.00
CWB SS SPDR BB Conv Sec ETF	Add +1.3%	2.59%	−0.05
IWP iShares Russell Mid-Cap Grow	Add +2.0%	1.85%	−0.07

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