HMI Capital Management, L.P.

CIK: 0001469026SEC EDGAR →

Portfolio Value

$1.2B

Holdings

10

As of

Q4 2025

New Positions

3

Closed Positions

1

Top 10 Holdings

RankStockSharesValue% of Portfolio
1

NCINO INC

6,775,973$173.7M
14.26%
2

GITLAB INC

4,289,081$161.0M
13.21%
3

COUPANG INC

6,756,100$159.4M
13.08%
4

CLEARWATER ANALYTICS HLDGS I

6,339,500$152.9M
12.55%
5

TOAST INC

4,303,483$152.8M
12.54%
6

KLARNA GROUP PLC

4,452,097$128.7M
10.57%
7

AMAZON COM INC

506,500$116.9M
9.60%
8

FAIR ISAAC CORP

47,050$79.5M
6.53%
9

TRADEWEB MKTS INC

532,000$57.2M
4.70%
10

BLUE OWL CAPITAL INC

2,412,457$36.0M
2.96%

Quarterly Changes

Top Buys

AMZNNEW
$116.9M
FICONEW
$79.5M
CWAN↑ Increased
$56.3M
TOST↑ Increased
$30.8M
TW↑ Increased
$8.5M

Top Sells

FLUTCLOSED
$212.7M
GTLB↓ Decreased
$130.5M
CPNG↓ Decreased
$115.2M
NSYCLOSED
$111.5M
WDAYCLOSED
$105.2M

New Positions (2)

$116.9M · 507K shares
$79.5M · 47K shares

Closed Positions (4)

$212.7M · 837K shares
$111.5M · 770K shares
$105.2M · 437K shares
$25.6M · 1.3M shares

Sector Breakdown

Sector# HoldingsValue%
Technology6$848.7M69.7%
Consumer Cyclical2$276.3M22.7%
Financial Services2$93.3M7.7%