HMI Capital Management
HMI Capital Management reported 13 stocks worth $686M in its 13F filing for Q2 2026, filed Aug 14, 2026. Its largest holdings are AMZN (14.8%), TOST (14.2%) and NCNO (11.9%). Compared with Q1 2026, the fund opened new positions in SPOT, AMD and LPLA, added to NOW, trimmed AMZN, TOST and NCNO and sold out of GTLB, KLAR and RBLX.
Holdings
| # | Stock | Value | Weight | Shares | Change | Shares, 8 qtrs | Held |
|---|---|---|---|---|---|---|---|
| 1 |  AMZN Amazon Com Inc | $102M | 14.8% | 426K | −103K (−20%) | 3 of 8 | |
| 2 |  TOST Toast Inc | $97.5M | 14.2% | 3.5M | −310K (−8%) | 8 of 8 | |
| 3 |  NCNO Ncino Inc | $81.6M | 11.9% | 5M | −1.8M (−26%) | 8 of 8 | |
| 4 |  CPNG Coupang Inc | $76.7M | 11.2% | 4.4M | −1.5M (−25%) | 8 of 8 | |
| 5 |  MSFT Microsoft Corp | $61.7M | 9.0% | 165K | −14K (−8%) | 2 of 8 | |
| 6 |  TW Tradeweb Mkts Inc | $45.4M | 6.6% | 455K | −8,300 (−2%) | 4 of 8 | |
| 7 |  SPOT Spotify Technology | $42M | 6.1% | 92K | New position | 1 of 8 | |
| 8 |  NOW Servicenow Inc | $41.3M | 6.0% | 416K | +166K (+67%) | 2 of 8 | |
| 9 |  AMD Advanced Micro Devices Inc | $34.2M | 5.0% | 59K | New position | 1 of 8 | |
| 10 |  LPLA Lpl Financial | $33.4M | 4.9% | 119K | New position | 4 of 8 |
Positions at Jun 30, 2026, as reported. Change is against the fund's Q1 2026 filing; weight is the share of the fund's reported stocks.
Sold out
held in Q1 2026, gone in Q2 2026
Options
valued at the underlying shares| Stock | Type | Value | Shares | Change |
|---|---|---|---|---|
CPNG Coupang Inc | Call | $26.1M | 1.5M | +1,500,000 |
Reported value
last 8 quartersThe value of the US stocks the fund reported, at quarter end prices. It moves with the market as well as with buying and selling.
Filings for Q2 2026
straight from the SEC| Filed | Form | Quarter | |
|---|---|---|---|
| Aug 14, 2026 | 13F-HR | Q2 2026 | SEC filing ↗ |
Other superinvestors
All hedge fund holdings →HMI Capital Management 13F FAQ
What does HMI Capital Management own?
HMI Capital Management reported 13 stocks worth $686M in its 13F filing for Q2 2026, filed Aug 14, 2026. Its largest holdings are AMZN (14.8%), TOST (14.2%) and NCNO (11.9%). The table above lists every position in the filing (the top 10 without an account).
What did HMI Capital Management buy and sell in Q2 2026?
Compared with Q1 2026: 6 new positions, 1 added to, 6 trimmed and 4 sold out. New positions include SPOT, AMD and LPLA. It sold all of GTLB, KLAR and RBLX.
When will HMI Capital Management file its next 13F?
Holdings as of Sep 30, 2026 are due by Nov 16, 2026. The filing appears on this page within minutes of reaching the SEC.
How much is HMI Capital Management's portfolio worth?
The Q2 2026 filing reports $686M in US stocks ($712M including options). That leaves out cash, bonds, short positions and most foreign holdings, so the fund's total assets are usually larger.
For informational and educational purposes only. Not investment advice, and not a recommendation to buy or sell any security. Holdings come from the fund's SEC Form 13F filings as reported and show positions at the end of the quarter, up to 45 days before the filing. The fund may have changed its positions since. A 13F leaves out short positions, cash, bonds and most foreign holdings. See all hedge fund holdings.