HMI Capital Management, L.P. Long-Term Concentrated

Location: San Francisco, CA

CIK: 0001469026 · Show all filings

Period: Q2 2026 (← Previous)

Filing Date: Aug 14, 2026

Total Value: $712M (100.0% shares, 0.0% debt)

Holdings (14)

New Positions (7)

SPOT SPOTIFY TECHNOLOGY S A 5.9%

Value $42.01M Shares 91,500 Est. Cost — Unrealized —

AMD ADVANCED MICRO DEVICES INC 4.8%

Value $34.16M Shares 58,800 Est. Cost — Unrealized —

LPLA LPL FINL HLDGS INC 4.7%

Value $33.41M Shares 118,600 Est. Cost — Unrealized —

NVDA NVIDIA CORPORATION 4.6%

Value $32.57M Shares 162,800 Est. Cost — Unrealized —

DASH DOORDASH INC 3.7%

Value $26.46M Shares 143,400 Est. Cost — Unrealized —

CPNG COUPANG INC 3.7%

Value $26.05M Shares 1,500,000 Est. Cost — Unrealized —

APPF APPFOLIO INC 1.7%

Value $12.03M Shares 75,000 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SPOT	SPOTIFY TECHNOLOGY S A	91,500	$42.01M	5.9%	—	—	SHS	L8681T102
AMD	ADVANCED MICRO DEVICES INC	58,800	$34.16M	4.8%	—	—	COM	007903107
LPLA	LPL FINL HLDGS INC	118,600	$33.41M	4.7%	—	—	COM	50212V100
NVDA	NVIDIA CORPORATION	162,800	$32.57M	4.6%	—	—	COM	67066G104
DASH	DOORDASH INC	143,400	$26.46M	3.7%	—	—	CL A	25809K105
CPNG	COUPANG INC	1,500,000	$26.05M	3.7%	—	—	CALL	22266T109
APPF	APPFOLIO INC	75,000	$12.03M	1.7%	—	—	COM CL A	03783C100

Increased Positions (1)

NOW SERVICENOW INC 5.8%

Value $41.31M (+58.2%) Shares 416,100 (+66.6%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
NOW	SERVICENOW INC	416,100 (+66.6%)	$41.31M (+58.2%)	5.8%	—	—	COM	81762P102

Exited Positions (4)

GTLB GITLAB INC 8.1%

Value $57.38M Shares 2,651,677 Est. Cost — Unrealized —

KLAR KLARNA GROUP PLC 7.6%

Value $53.98M Shares 4,123,719 Est. Cost — Unrealized —

RBLX ROBLOX CORP 6.1%

Value $43.4M Shares 767,300 Est. Cost — Unrealized —

FICO FAIR ISAAC CORP 4.0%

Value $28.4M Shares 26,600 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
GTLB	GITLAB INC	2,651,677	$57.38M	8.1%	—	—	—	37637K108
KLAR	KLARNA GROUP PLC	4,123,719	$53.98M	7.6%	—	—	—	G5279N105
RBLX	ROBLOX CORP	767,300	$43.4M	6.1%	—	—	—	771049103
FICO	FAIR ISAAC CORP	26,600	$28.4M	4.0%	—	—	—	303250104

Decreased Positions (6)

CPNG COUPANG INC 10.8%

Value $76.69M (-30.9%) Shares 4,415,300 (-24.9%) Est. Cost — Unrealized —

NCNO NCINO INC 11.5%

Value $81.6M (-19.6%) Shares 4,990,713 (-26.4%) Est. Cost — Unrealized —

TW TRADEWEB MKTS INC 6.4%

Value $45.39M (-16.8%) Shares 455,400 (-1.8%) Est. Cost — Unrealized —

AMZN AMAZON COM INC 14.3%

Value $102M (-7.9%) Shares 425,950 (-19.5%) Est. Cost — Unrealized —

MSFT MICROSOFT CORP 8.7%

Value $61.66M (-7.3%) Shares 165,300 (-8.0%) Est. Cost — Unrealized —

TOST TOAST INC 13.7%

Value $97.5M (-3.6%) Shares 3,504,744 (-8.1%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
CPNG	COUPANG INC	4,415,300 (-24.9%)	$76.69M (-30.9%)	10.8%	—	—	CL A	22266T109
NCNO	NCINO INC	4,990,713 (-26.4%)	$81.6M (-19.6%)	11.5%	—	—	COM	63947X101
TW	TRADEWEB MKTS INC	455,400 (-1.8%)	$45.39M (-16.8%)	6.4%	—	—	CL A	892672106
AMZN	AMAZON COM INC	425,950 (-19.5%)	$102M (-7.9%)	14.3%	—	—	COM	023135106
MSFT	MICROSOFT CORP	165,300 (-8.0%)	$61.66M (-7.3%)	8.7%	—	—	COM	594918104
TOST	TOAST INC	3,504,744 (-8.1%)	$97.5M (-3.6%)	13.7%	—	—	CL A	888787108