HMI Capital Management, L.P.
Net seller this quarter
$712M
13
-$135M
86.4%
Holdings
| Company | Value | % of portfolio | % of company | POSITION CHANGE qoq % | First reported |
|---|---|---|---|---|---|
| Q2 2026 | |||||
 AMZN | $102M | 14.25% | 0.00% | -19.5% | Q4 2025 |
 TOST | $97.5M | 13.69% | 1.59% | -8.1% | Q3 2021 |
 NCNO | $81.6M | 11.45% | 4.56% | -26.4% | Q1 2021 |
 CPNG | $76.7M | 10.77% | Not reported | -24.9% | Q4 2023 |
 MSFT | $61.7M | 8.66% | 0.00% | -8.0% | Q1 2026 |
 TW | $45.4M | 6.37% | 455400.00% | -1.8% | Q3 2025 |
 SPOT | $42M | 5.90% | 0.04% | New | Q2 2026 |
 NOW | $41.3M | 5.80% | 0.04% | +66.6% | Q4 2019 |
 AMD | $34.2M | 4.79% | 0.00% | New | Q2 2026 |
 LPLA | $33.4M | 4.69% | 0.15% | Not reported | Q4 2013 |
 NVDA | $32.6M | 4.57% | 0.00% | New | Q2 2026 |
 DASH | $26.5M | 3.71% | Not reported | New | Q2 2026 |
 APPF | $12M | 1.69% | Not reported | New | Q2 2026 |
| Q1 2026 | |||||
| CPNG | $111M | 14.72% | Not reported | -13.0% | Q4 2023 |
| AMZN | $110M | 14.61% | 0.00% | +4.5% | Q4 2025 |
| NCNO | $102M | 13.46% | 5.92% | 0.0% | Q1 2021 |
| TOST | $101M | 13.41% | 1.74% | -11.4% | Q3 2021 |
| MSFT | $66.5M | 8.82% | 0.00% | New | Q1 2026 |
 GTLB | $57.4M | 7.61% | Not reported | -38.2% | Q1 2022 |
| TW | $54.6M | 7.23% | 463700.00% | -12.8% | Q3 2025 |
 KLAR | $54M | 7.16% | 1.09% | -7.4% | Q3 2025 |
 RBLX | $43.4M | 5.75% | 0.11% | Not reported | Q3 2021 |
 FICO | $28.4M | 3.76% | 0.11% | -43.5% | Q4 2025 |
| NOW | $26.1M | 3.46% | 0.02% | Not reported | Q4 2019 |
| Q4 2025 | |||||
| NCNO | $174M | 14.26% | 5.91% | Not reported | Q1 2021 |
| GTLB | $161M | 13.21% | Not reported | -33.7% | Q1 2022 |
| CPNG | $159M | 13.08% | Not reported | -20.8% | Q4 2023 |
| CWAN | $153M | 12.55% | Not reported | +18.3% | Q3 2025 |
| TOST | $153M | 12.54% | 1.96% | +28.8% | Q3 2021 |
| KLAR | $129M | 10.57% | 1.18% | Not reported | Q3 2025 |
| AMZN | $117M | 9.60% | 0.00% | New | Q4 2025 |
| FICO | $79.5M | 6.53% | 0.20% | New | Q4 2025 |
| TW | $57.2M | 4.70% | 532000.00% | +21.3% | Q3 2025 |
 OWL | $36M | 2.96% | 35.09% | -57.7% | Q1 2025 |
| Q3 2025 | |||||
| GTLB | $292M | 16.83% | Not reported | +10.4% | Q1 2022 |
| CPNG | $275M | 15.85% | Not reported | -9.9% | Q4 2023 |
 FLUT | $213M | 12.28% | 0.48% | -16.1% | Q3 2024 |
| NCNO | $184M | 10.61% | 5.85% | Not reported | Q1 2021 |
| KLAR | $163M | 9.42% | Not reported | New | Q3 2025 |
| TOST | $122M | 7.05% | 1.52% | +18.5% | Q3 2021 |
 NICE | $112M | 6.44% | 1.22% | -43.0% | Q2 2013 |
 WDAY | $105M | 6.08% | 0.20% | -41.2% | Q2 2023 |
| CWAN | $96.6M | 5.58% | Not reported | New | Q3 2025 |
| OWL | $96.6M | 5.58% | 82.97% | Not reported | Q1 2025 |
| TW | $48.7M | 2.81% | 438500.00% | New | Q3 2025 |
 CHYM | $25.6M | 1.48% | 1.90% | Not reported | Q2 2025 |