HMS Capital Management, LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 22, 2026), HMS Capital Management, LLC reported 113 stock positions worth $258.5 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 25.1% of the portfolio, followed by Ishr Ibx Usd Invgd CB ETF-Ui (LQD, 6.4%) and iShares MSCI Eafe ETF (EFA, 5.6%). Compared with Q4 2025, it opened 19 new positions, sold out of 9, added to 30 and reduced 54. The biggest buy was SS SPDR S&P 500 ETF Trust-US (SPY, shares +78%) and the biggest sale Global X Art Intel & Tech (AIQ, shares −81%).
- Most Recent 13F
- Q2 2026
- Location
- NASHVILLE, TN
- CIK
- 0001689470
- Portfolio Value
- $258.5M (Q1 2026)
- SEC Filing
- 0001689470-26-000002 ↗ filed Apr 22, 2026
Holdings Value
Holdings 113 stocks · $258.5M
| SPY SS SPDR S&P 500 ETF Trust-US | 25.10% | 99,771 | $64.9M | Add +77.8% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 6.38% | 151,392 | $16.5M | Add +6.5% |
| EFA iShares MSCI Eafe ETF | 5.61% | 149,200 | $14.5M | Reduce -22.2% |
| QQQ Invesco QQQ Trust Series 1 | 4.57% | 20,478 | $11.8M | Reduce -2.5% |
| NVDA Nvidia Corp. | 2.82% | 41,872 | $7.3M | Reduce -15.6% |
| GRID First TRST Nasd Class Edg Sgiif | 2.56% | 40,471 | $6.6M | New |
| CWB SS SPDR BB Conv Sec ETF | 2.36% | 66,766 | $6.1M | Reduce -4.9% |
| EEM iShares MSCI Emerging Market | 2.10% | 95,803 | $5.4M | New |
| MU Micron Technology Inc. | 1.79% | 13,722 | $4.6M | Reduce -28.2% |
| AVGO Broadcom Inc. | 1.67% | 13,937 | $4.3M | Reduce -7.0% |
| IWD iShares Russell 1000 Value E | 1.65% | 20,009 | $4.3M | Add +82.0% |
| GS Goldman Sachs Group Inc. | 1.65% | 5,044 | $4.3M | Reduce -19.2% |
| XLE SS Energy Select Sector | 1.60% | 67,487 | $4.1M | Reduce -15.9% |
| AAPL Apple Inc. | 1.40% | 14,228 | $3.6M | Reduce -3.5% |
| MSFT Microsoft Corp. | 1.39% | 9,731 | $3.6M | Reduce -13.6% |
| GOOGL Alphabet Inc. Class A | 1.39% | 12,518 | $3.6M | Reduce -8.4% |
| MCK McKesson Corp. | 1.28% | 3,836 | $3.3M | Reduce -7.3% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 1.24% | 40,208 | $3.2M | Reduce -0.3% |
| AMZN Amazon.com Inc. | 1.11% | 13,725 | $2.9M | Reduce -4.9% |
| JPM JPMorgan Chase & Co. | 1.10% | 9,653 | $2.8M | Reduce -7.9% |
| NFLX Netflix Inc. | 0.94% | 25,397 | $2.4M | Reduce -8.2% |
| IWP iShares Russell Mid-Cap Grow | 0.93% | 18,848 | $2.4M | Reduce -42.3% |
| META Meta Platforms Inc. Class A | 0.90% | 4,060 | $2.3M | Reduce -5.3% |
| MUB iShares National Muni Bond E | 0.89% | 21,789 | $2.3M | Add +53.5% |
| HCA HCA Healthcare Inc. | 0.88% | 4,803 | $2.3M | Reduce -8.3% |
| PH Parker Hannifin Corp. | 0.88% | 2,529 | $2.3M | Reduce -13.0% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.84% | 44,489 | $2.2M | Reduce -6.5% |
| IWF iShares Russell 1000 Growth | 0.72% | 4,371 | $1.9M | No change |
| WMT Walmart Inc. | 0.72% | 14,951 | $1.9M | Reduce -29.3% |
| BKNG Booking Holdings Inc. | 0.72% | 439 | $1.8M | Reduce -5.4% |
| AMD Advanced Micro Devices | 0.68% | 8,696 | $1.8M | Reduce -6.4% |
| AIQ Global X Art Intel & Tech | 0.68% | 37,828 | $1.8M | Reduce -80.7% |
| WM Waste Management Inc. | 0.65% | 7,271 | $1.7M | Reduce -11.1% |
| VOO Vanguard S&P 500 ETF | 0.64% | 2,785 | $1.7M | Reduce -1.2% |
| MSI Motorola Solutions Inc. | 0.62% | 3,718 | $1.6M | Reduce -7.7% |
| LLY Eli Lilly & Co. | 0.60% | 1,690 | $1.6M | Reduce -5.4% |
| MA Mastercard Inc. Class A | 0.59% | 3,041 | $1.5M | Reduce -6.6% |
| SYK Stryker Corp. | 0.49% | 3,843 | $1.3M | Reduce -8.1% |
| AEE Ameren Corporation | 0.49% | 11,467 | $1.3M | New |
| KO The Coca-Cola Co. | 0.49% | 16,538 | $1.3M | Reduce -9.0% |
| AA Alcoa Corp. | 0.48% | 18,698 | $1.2M | Reduce -10.9% |
| PG The Procter & Gamble Co. | 0.46% | 8,260 | $1.2M | Reduce -5.2% |
| AGI Alamos Gold Inc. Class A | 0.45% | 25,978 | $1.2M | Add +4.7% |
| MCD McDonald's Corp. | 0.43% | 3,584 | $1.1M | Reduce -8.4% |
| CDNS Cadence Design SYS Inc. | 0.43% | 3,956 | $1.1M | Reduce -9.3% |
| CLS Celestica Inc. | 0.42% | 3,828 | $1.1M | Add +6.6% |
| WYNN WYNN Resorts Ltd. | 0.41% | 10,529 | $1.1M | New |
| CW Curtiss-Wright Corp. | 0.41% | 1,567 | $1.1M | Add +4.1% |
| FIX Comfort Systems USA Inc. | 0.41% | 768 | $1.1M | Reduce -40.6% |
| QCOM Qualcomm Inc. | 0.40% | 7,935 | $1.0M | Reduce -8.2% |
| URI United Rentals Inc. | 0.36% | 1,294 | $943K | Reduce -7.5% |
| CCL Carnival Corp. | 0.35% | 34,999 | $906K | New |
| IJK iShares S&P Mid-Cap 400 Grow | 0.35% | 8,924 | $898K | Add +35.6% |
| STLD Steel Dynamics Inc. | 0.34% | 4,946 | $890K | Reduce -8.8% |
| VST Vistra Corp. | 0.34% | 5,803 | $872K | New |
| STRL Sterling Infrastructure Inc. | 0.34% | 2,127 | $866K | Reduce -32.8% |
| TMUS T-Mobile US Inc. | 0.33% | 4,113 | $864K | New |
| NVMI Nova Ltd. | 0.33% | 1,948 | $846K | Add +5.1% |
| MPWR Monolithic Power Systems Inc. | 0.33% | 769 | $841K | Add +7.3% |
| FTI Technipfmc PLC | 0.32% | 12,107 | $837K | No change |
| IVW iShares S&P 500 Growth ETF | 0.32% | 7,210 | $816K | No change |
| UTHR United Therapeutics Corp. | 0.30% | 1,322 | $784K | Add +4.7% |
| CRS Carpenter Technology | 0.29% | 1,871 | $738K | Add +6.5% |
| USFD US Foods Holding Corp. | 0.28% | 7,943 | $732K | Add +4.3% |
| MTSI Macom Technology Solutions H | 0.27% | 3,179 | $706K | Add +4.6% |
| NVT Nvent Electric PLC | 0.27% | 5,893 | $697K | Add +7.0% |
| ESE Esco Technologies Inc. | 0.27% | 2,457 | $691K | New |
| J Jacobs Solutions Inc. | 0.27% | 5,395 | $687K | Reduce -5.2% |
| IVV iShares Core S&P 500 ETF | 0.26% | 1,022 | $668K | Reduce -1.3% |
| SN Sharkninja Inc. | 0.25% | 6,104 | $646K | Add +5.2% |
| ROAD Construction Partners Inc. Class A | 0.24% | 5,614 | $624K | Add +3.0% |
| CLH Clean Harbors Inc. | 0.23% | 2,109 | $605K | Add +6.6% |
| CPRT Copart Inc. | 0.23% | 17,521 | $582K | Reduce -9.0% |
| AHR American Healthcare REIT Inc. | 0.22% | 11,920 | $562K | Add +6.7% |
| FTNT Fortinet Inc. | 0.22% | 6,874 | $562K | Reduce -74.8% |
| RKT Rocket Cos Inc. Class A | 0.20% | 36,710 | $523K | Reduce -27.0% |
| ENSG The Ensign Group Inc. | 0.20% | 2,596 | $523K | New |
| CSW CSW Industrials Inc. | 0.20% | 1,954 | $509K | Reduce -13.3% |
| XOM Exxon Mobil Corp. | 0.19% | 2,873 | $487K | No change |
| TXRH Texas Roadhouse Inc. | 0.18% | 2,852 | $471K | Add +5.0% |
| SKWD Skyward Specialty Insurance | 0.18% | 10,660 | $466K | Add +5.1% |
| PNFP Pinnacle Financial Partners | 0.18% | 5,260 | $453K | New |
| AROC Archrock Inc. | 0.18% | 13,015 | $453K | Add +0.0% |
| VIG Vanguard Dividend Apprec ETF | 0.17% | 2,093 | $450K | Add +30.2% |
| NFG National Fuel Gas Co. | 0.17% | 4,715 | $443K | Add +0.0% |
| IWR iShares Russell Mid-Cap ETF | 0.17% | 4,393 | $427K | No change |
| PYPL PayPal Holdings Inc. | 0.16% | 9,360 | $423K | New |
| TBBK The Bancorp Inc. | 0.16% | 7,726 | $415K | Add +7.1% |
| IREN Iren Ltd. filed as IREN LIMITED | 0.16% | 12,092 | $415K | Add +5.5% |
| HALO Halozyme Therapeutics Inc. | 0.16% | 6,359 | $411K | New |
| OKLO Oklo Inc. | 0.15% | 8,055 | $399K | New |
| PIPR Piper Sandler Cos | 0.15% | 5,191 | $397K | New |
| NOW ServiceNow Inc. | 0.14% | 3,584 | $375K | Add +20.9% |
| XLK SS Technology Select Sector | 0.14% | 2,760 | $367K | No change |
| ACN Accenture PLC Class A | 0.14% | 1,783 | $354K | Reduce -11.1% |
| HWM Howmet Aerospace Inc. | 0.13% | 1,512 | $348K | Reduce -10.1% |
| ANET Arista Networks Inc. | 0.13% | 2,800 | $344K | Reduce -7.5% |
| ADSK Autodesk Inc. | 0.13% | 1,383 | $331K | New |
| CB Chubb Ltd. | 0.13% | 1,014 | $330K | Reduce -43.3% |
| VIK Viking Holdings Ltd. | 0.12% | 4,213 | $310K | Reduce -7.8% |
Portfolio Sells Q4 2025 → Q1 2026
| AIQ Global X Art Intel & Tech | Reduce -80.7% | 0.68% | −3.45 |
| EFA iShares MSCI Eafe ETF | Reduce -22.2% | 5.61% | −2.01 |
| NVDA Nvidia Corp. | Reduce -15.6% | 2.82% | −1.00 |
| IWP iShares Russell Mid-Cap Grow | Reduce -42.3% | 0.93% | −0.92 |
| MSFT Microsoft Corp. | Reduce -13.6% | 1.39% | −0.86 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -2.5% | 4.57% | −0.77 |
| FTNT Fortinet Inc. | Reduce -74.8% | 0.22% | −0.68 |
| GS Goldman Sachs Group Inc. | Reduce -19.2% | 1.65% | −0.62 |
| CMG Chipotle Mexican Grill Inc. | Sold out | 0.00% | −0.53 |
| AVGO Broadcom Inc. | Reduce -7.0% | 1.67% | −0.48 |
| MU Micron Technology Inc. | Reduce -28.2% | 1.79% | −0.46 |
| SJM The JM Smucker Co. | Sold out | 0.00% | −0.38 |
| GOOGL Alphabet Inc. Class A | Reduce -8.4% | 1.39% | −0.38 |
| AJG Arthur J Gallagher & Co. | Reduce -71.2% | 0.10% | −0.34 |
| BKNG Booking Holdings Inc. | Reduce -5.4% | 0.72% | −0.31 |
| JPM JPMorgan Chase & Co. | Reduce -7.9% | 1.10% | −0.30 |
| AMZN Amazon.com Inc. | Reduce -4.9% | 1.11% | −0.27 |
| META Meta Platforms Inc. Class A | Reduce -5.3% | 0.90% | −0.27 |
| AAPL Apple Inc. | Reduce -3.5% | 1.40% | −0.26 |
| WMT Walmart Inc. | Reduce -29.3% | 0.72% | −0.26 |
| BAC Bank of America Corp. | Reduce -6.5% | 0.84% | −0.24 |
| CWB SS SPDR BB Conv Sec ETF | Reduce -4.9% | 2.36% | −0.23 |
| QCOM Qualcomm Inc. | Reduce -8.2% | 0.40% | −0.22 |
| PNFP Pinnacle Financial Partners | Sold out | 0.00% | −0.21 |
| RKT Rocket Cos Inc. Class A | Reduce -27.0% | 0.20% | −0.20 |
| LLY Eli Lilly & Co. | Reduce -5.4% | 0.60% | −0.19 |
| PH Parker Hannifin Corp. | Reduce -13.0% | 0.88% | −0.18 |
| MA Mastercard Inc. Class A | Reduce -6.6% | 0.59% | −0.18 |
| XHB SS SPDR S&P Homebldrs ETF | Sold out | 0.00% | −0.15 |
| AMD Advanced Micro Devices | Reduce -6.4% | 0.68% | −0.14 |
| CDNS Cadence Design SYS Inc. | Reduce -9.3% | 0.43% | −0.14 |
| EXLS Exlservice Holdings Inc. | Sold out | 0.00% | −0.14 |
| HCA HCA Healthcare Inc. | Reduce -8.3% | 0.88% | −0.13 |
| NFLX Netflix Inc. | Reduce -8.2% | 0.94% | −0.13 |
| MCK McKesson Corp. | Reduce -7.3% | 1.28% | −0.12 |
| SYK Stryker Corp. | Reduce -8.1% | 0.49% | −0.12 |
| FOUR SHIFT4 Payments Inc. Class A | Sold out | 0.00% | −0.12 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Reduce -0.3% | 1.24% | −0.11 |
| MMYT Makemytrip Ltd. | Sold out | 0.00% | −0.11 |
| URI United Rentals Inc. | Reduce -7.5% | 0.36% | −0.10 |
| CB Chubb Ltd. | Reduce -43.3% | 0.13% | −0.10 |
| WM Waste Management Inc. | Reduce -11.1% | 0.65% | −0.10 |
| CEG Constellation Energy | Sold out | 0.00% | −0.09 |
| FIX Comfort Systems USA Inc. | Reduce -40.6% | 0.41% | −0.09 |
| VOO Vanguard S&P 500 ETF | Reduce -1.2% | 0.64% | −0.09 |
| CPRT Copart Inc. | Reduce -9.0% | 0.23% | −0.09 |
| ACN Accenture PLC Class A | Reduce -11.1% | 0.14% | −0.09 |
| AFL Aflac Inc. | Sold out | 0.00% | −0.08 |
| CSW CSW Industrials Inc. | Reduce -13.3% | 0.20% | −0.08 |
| STRL Sterling Infrastructure Inc. | Reduce -32.8% | 0.34% | −0.07 |
Portfolio Buys Q4 2025 → Q1 2026
| SPY SS SPDR S&P 500 ETF Trust-US | Add +77.8% | 25.10% | +9.27 |
| GRID First TRST Nasd Class Edg Sgiif | New | 2.56% | +2.56 |
| EEM iShares MSCI Emerging Market | New | 2.10% | +2.10 |
| IWD iShares Russell 1000 Value E | Add +82.0% | 1.65% | +0.70 |
| AEE Ameren Corporation | New | 0.49% | +0.49 |
| WYNN WYNN Resorts Ltd. | New | 0.41% | +0.41 |
| CCL Carnival Corp. | New | 0.35% | +0.35 |
| VST Vistra Corp. | New | 0.34% | +0.34 |
| TMUS T-Mobile US Inc. | New | 0.33% | +0.33 |
| ESE Esco Technologies Inc. | New | 0.27% | +0.27 |
| MUB iShares National Muni Bond E | Add +53.5% | 0.89% | +0.27 |
| ENSG The Ensign Group Inc. | New | 0.20% | +0.20 |
| PNFP Pinnacle Financial Partners | New | 0.18% | +0.18 |
| PYPL PayPal Holdings Inc. | New | 0.16% | +0.16 |
| HALO Halozyme Therapeutics Inc. | New | 0.16% | +0.16 |
| OKLO Oklo Inc. | New | 0.15% | +0.15 |
| PIPR Piper Sandler Cos | New | 0.15% | +0.15 |
| ADSK Autodesk Inc. | New | 0.13% | +0.13 |
| ADBE Adobe Inc. | New | 0.12% | +0.12 |
| LIN Linde PLC | New | 0.09% | +0.09 |
| IJK iShares S&P Mid-Cap 400 Grow | Add +35.6% | 0.35% | +0.08 |
| TSM Taiwan Semiconductor-SP ADR | New | 0.08% | +0.08 |
| COST Costco Wholesale Corp. | New | 0.08% | +0.08 |
| NVMI Nova Ltd. | Add +5.1% | 0.33% | +0.08 |
| CW Curtiss-Wright Corp. | Add +4.1% | 0.41% | +0.07 |
| MTSI Macom Technology Solutions H | Add +4.6% | 0.27% | +0.06 |
| CRS Carpenter Technology | Add +6.5% | 0.29% | +0.06 |
| MPWR Monolithic Power Systems Inc. | Add +7.3% | 0.33% | +0.06 |
| AGI Alamos Gold Inc. Class A | Add +4.7% | 0.45% | +0.05 |
| UTHR United Therapeutics Corp. | Add +4.7% | 0.30% | +0.05 |
| USFD US Foods Holding Corp. | Add +4.3% | 0.28% | +0.05 |
| CLH Clean Harbors Inc. | Add +6.6% | 0.23% | +0.04 |
| NVT Nvent Electric PLC | Add +7.0% | 0.27% | +0.04 |
| AROC Archrock Inc. | Add +0.0% | 0.18% | +0.04 |
| VIG Vanguard Dividend Apprec ETF | Add +30.2% | 0.17% | +0.03 |
| NFG National Fuel Gas Co. | Add +0.0% | 0.17% | +0.02 |
| SCCO Southern Copper Corp. | Add +0.2% | 0.12% | +0.01 |
| AHR American Healthcare REIT Inc. | Add +6.7% | 0.22% | 0.00 |
| ROAD Construction Partners Inc. Class A | Add +3.0% | 0.24% | −0.00 |
| TXRH Texas Roadhouse Inc. | Add +5.0% | 0.18% | −0.00 |
| SN Sharkninja Inc. | Add +5.2% | 0.25% | −0.02 |
| IREN Iren Ltd. | Add +5.5% | 0.16% | −0.02 |
| CLS Celestica Inc. | Add +6.6% | 0.42% | −0.02 |
| SKWD Skyward Specialty Insurance | Add +5.1% | 0.18% | −0.03 |
| ONON On Holding AG Class A | Add +6.3% | 0.10% | −0.04 |
| TBBK The Bancorp Inc. | Add +7.1% | 0.16% | −0.04 |
| NOW ServiceNow Inc. | Add +20.9% | 0.14% | −0.04 |
| APPF Appfolio Inc. Class A | Add +7.0% | 0.10% | −0.05 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Add +6.5% | 6.38% | −0.10 |
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 |