HMS Capital Management, LLC

Name: HMS Capital Management, LLC 13F holdings, Q1 2026
Creator: HMS Capital Management, LLC
Published: 2026-04-22

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

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%
VTI VG Morningstar TS MKT ETF-US	0.12%	964	$309K	No change
ADBE Adobe Inc.	0.12%	1,247	$303K	New
SCCO Southern Copper Corp.	0.12%	1,747	$301K	Add +0.2%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO	0.10%	1,196	$259K	Reduce -71.2%
ONON On Holding AG Class A filed as ON HLDG AG	0.10%	7,532	$256K	Add +6.3%
APPF Appfolio Inc. Class A	0.10%	1,597	$252K	Add +7.0%
V Visa Inc. Class A	0.09%	788	$238K	No change
GPC Genuine Parts Co.	0.09%	2,200	$233K	No change
LIN Linde PLC	0.09%	448	$222K	New
VRTX Vertex Pharmaceuticals Inc.	0.09%	497	$222K	No change
CAH Cardinal Health Inc.	0.08%	994	$210K	Reduce -8.6%
TSM Taiwan Semiconductor-SP ADR	0.08%	610	$206K	New
COST Costco Wholesale Corp.	0.08%	201	$200K	New

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