HS Management Partners, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 22, 2025), HS Management Partners, LLC reported 25 stock positions worth $1.2 billion. Its top holding was PayPal (PYPL) at 6.5% of the portfolio, followed by Walt Disney (DIS, 6.5%) and Alphabet Class C (GOOG, 6.1%). Compared with Q1 2025, it opened 2 new positions, added to 4 and reduced 19. The biggest buy was a new position in Home Depot (HD) and the biggest sale Lululemon Athletica (LULU, shares −36%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001455253
- Portfolio Value
- $1.2B (Q2 2025)
- SEC Filing
- 0001455253-25-000009 ↗ filed Jul 22, 2025
Holdings Value
Holdings 25 stocks · $1.2B
| PYPL PayPal Holdings Inc. | 6.54% | 1,078,900 | $80.2M | Reduce -16.9% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 6.51% | 642,925 | $79.7M | Reduce -15.9% |
| GOOG Alphabet Inc. Class C | 6.15% | 424,624 | $75.3M | Reduce -1.2% |
| DKS Dick's Sporting Goods Inc. | 5.78% | 358,097 | $70.8M | Reduce -11.2% |
| MSFT Microsoft Corp. | 5.48% | 135,055 | $67.2M | Reduce -12.7% |
| KO The Coca-Cola Co. | 5.32% | 921,075 | $65.2M | Reduce -22.7% |
| UBER Uber Technologies Inc. | 5.20% | 682,750 | $63.7M | Reduce -16.5% |
| BKNG Booking Holdings Inc. | 4.94% | 10,458 | $60.5M | Reduce -22.8% |
| AMZN Amazon.com Inc. | 4.92% | 274,570 | $60.2M | Add +14.0% |
| META Meta Platforms Inc. Class A | 4.79% | 79,575 | $58.7M | Reduce -13.0% |
| GAP The Gap Inc. | 4.01% | 2,255,200 | $49.2M | Reduce -5.2% |
| RL Ralph Lauren Corp. | 3.86% | 172,614 | $47.3M | Reduce -30.5% |
| PEP Pepsico Inc. | 3.82% | 354,556 | $46.8M | Reduce -0.9% |
| MAT Mattel Inc. | 3.80% | 2,358,525 | $46.5M | Add +4.5% |
| PG The Procter & Gamble Co. | 3.61% | 277,895 | $44.3M | Add +22.4% |
| NKE Nike Inc. Class B | 3.50% | 603,125 | $42.8M | Reduce -21.2% |
| WSM Williams-Sonoma Inc. | 3.44% | 258,307 | $42.2M | Add +20.6% |
| ABNB Airbnb Inc. Class A | 3.05% | 282,810 | $37.4M | Reduce -7.8% |
| DPZ Domino's Pizza Inc. | 3.04% | 82,750 | $37.3M | Reduce -10.9% |
| SBUX Starbucks Corp. | 2.75% | 367,319 | $33.7M | Reduce -3.8% |
| LULU Lululemon Athletica Inc. | 2.43% | 125,534 | $29.8M | Reduce -35.6% |
| HD Home Depot Inc. | 2.37% | 79,340 | $29.1M | New |
| MCD McDonald's Corp. | 2.23% | 93,414 | $27.3M | Reduce -32.2% |
| CART Maplebear Inc. | 1.28% | 346,800 | $15.7M | New |
| V Visa Inc. Class A | 1.15% | 39,630 | $14.1M | Reduce -46.6% |
Portfolio Sells Q1 2025 → Q2 2025
| LULU Lululemon Athletica Inc. | Reduce -35.6% | 2.43% | −2.03 |
| KO The Coca-Cola Co. | Reduce -22.7% | 5.32% | −1.59 |
| MCD McDonald's Corp. | Reduce -32.2% | 2.23% | −1.25 |
| V Visa Inc. Class A | Reduce -46.6% | 1.15% | −0.96 |
| DKS Dick's Sporting Goods Inc. | Reduce -11.2% | 5.78% | −0.79 |
| RL Ralph Lauren Corp. | Reduce -30.5% | 3.86% | −0.57 |
| PEP Pepsico Inc. | Reduce -0.9% | 3.82% | −0.52 |
| NKE Nike Inc. Class B | Reduce -21.2% | 3.50% | −0.43 |
| DPZ Domino's Pizza Inc. | Reduce -10.9% | 3.04% | −0.41 |
| PYPL PayPal Holdings Inc. | Reduce -16.9% | 6.54% | −0.31 |
| SBUX Starbucks Corp. | Reduce -3.8% | 2.75% | −0.28 |
| BKNG Booking Holdings Inc. | Reduce -22.8% | 4.94% | −0.11 |
| GAP The Gap Inc. | Reduce -5.2% | 4.01% | +0.05 |
| ABNB Airbnb Inc. Class A | Reduce -7.8% | 3.05% | +0.09 |
| UBER Uber Technologies Inc. | Reduce -16.5% | 5.20% | +0.38 |
| DIS The Walt Disney Co. | Reduce -15.9% | 6.51% | +0.40 |
| META Meta Platforms Inc. Class A | Reduce -13.0% | 4.79% | +0.53 |
| GOOG Alphabet Inc. Class C | Reduce -1.2% | 6.15% | +0.72 |
| MSFT Microsoft Corp. | Reduce -12.7% | 5.48% | +0.79 |
Portfolio Buys Q1 2025 → Q2 2025
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 24 | $291.1M | GOOG, AMZN, MSFT, UBER, AXP |
| Q1 2026 | 24 | $285.8M | GOOG, AMZN, NFLX, DKS, META |
| Q4 2025 | 24 | $468.5M | GOOG, AMZN, DIS, META, MSFT |
| Q3 2025 | 25 | $769.6M | GOOG, DIS, PYPL, AMZN, MSFT |
| Q2 2025Amended | 25 | $1.2B | PYPL, DIS, GOOG, DKS, MSFT |
| Q1 2025 | 23 | $1.2B | KO, PYPL, DKS, DIS, GOOG |
| Q4 2024 | 23 | $1.5B | PYPL, DIS, LULU, GOOG, META |
| Q3 2024 | 23 | $1.6B | PYPL, DIS, KO, BKNG, GOOG |
| Q2 2024 | 22 | $1.8B | GOOG, KO, PYPL, META, DKS |
| Q1 2024 | 23 | $2.2B | GOOG, PYPL, KO, BBY, PEP |