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HCM

HMI Capital Management Portfolio holdings

AUM $754M
1-Year Est. Return 23.78%
This Fund
S&P 500
This Quarter Est. Return
+2.76%
1 Year Est. Return
-23.78%
3 Year Est. Return
+6.02%
5 Year Est. Return
-26.07%
10 Year Est. Return
+191.69%
AUM
$2.34B
AUM Growth
-$316M
Cap. Flow
-$344M
Cap. Flow %
-14.72%
Top 10 Hldgs %
88.36%
Holding
15
New
–
Increased
2
Reduced
11
Closed
1

Top Buys

Rank Stock Value
1
ABNB icon
Airbnb
ABNB
+$61.9M
2
GTM
ZoomInfo Technologies
GTM
+$30.5M

Top Sells

Rank Stock Value
1
COUP
Coupa Software Incorporated
COUP
+$146M
2
TWLO icon
Twilio
TWLO
+$115M
3
SHOP icon
Shopify
SHOP
+$66.8M
4
DT icon
Dynatrace
DT
+$27.9M
5
ETSY icon
Etsy
ETSY
+$16M

Sector Composition

Rank Sector Weight
1 Technology 62.02%
2 Financials 11.17%
3 Consumer Discretionary 9.54%
4 Communication Services 5.05%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NEWR
1
DELISTED
New Relic, Inc.
NEWR
$286M 12.21%
5,059,021
-200,000
-4% -$11.3M
TOST icon
2
Toast
TOST
$18.9B
$284M 12.13%
15,739,821
-47,765
-0.3% -$898K
ARES icon
3
Ares Management
ARES
$28.1B
$261M 11.17%
3,818,853
-168,735
-4% -$12.2M
DT icon
4
Dynatrace
DT
$12.7B
$244M 10.44%
6,375,577
-768,730
-11% -$27.9M
XYZ
5
Block Inc
XYZ
$48.9B
$199M 8.53%
3,173,676
– –
NCNO icon
6
nCino
NCNO
$2.06B
$198M 8.48%
7,502,455
-370,000
-5% -$10.4M
SHOP icon
7
Shopify
SHOP
$168B
$169M 7.23%
4,868,828
-1,957,722
-29% -$66.8M
MQ icon
8
Marqeta
MQ
$1.93B
$161M 6.89%
6,597,783
-520,848
-7% -$14.2M
ETSY icon
9
Etsy
ETSY
$8.12B
$146M 6.22%
1,215,000
-140,000
-10% -$16M
RBLX icon
10
Roblox
RBLX
$35.9B
$118M 5.05%
4,153,834
-420,000
-9% -$14.8M
GTLB icon
11
GitLab
GTLB
$5.75B
$90.1M 3.85%
1,983,603
-24,514
-1% -$1.11M
ABNB icon
12
Airbnb
ABNB
$90.8B
$77.7M 3.32%
908,729
+613,160
+207% +$61.9M
COUP
13
DELISTED
Coupa Software Incorporated
COUP
$55.6M 2.38%
702,300
-2,435,500
-78% -$146M
GTM
14
ZoomInfo Technologies
GTM
$1.03B
$48.7M 2.08%
1,618,990
+882,300
+120% +$30.5M
TWLO icon
15
Twilio
TWLO
$28.6B
– –
-1,668,060
Closed -$115M

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SF
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RMC
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BEC
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HMI Capital Management's Q4 2022 Portfolio in Review

As of Q4 2022, HMI Capital Management held 15 positions worth $2.34B, down 12% from $2.66B the previous quarter. Its ten largest holdings account for 88% of the portfolio.

HMI Capital Management withdrew a net $344M in Q4 2022, closing 1 position and reducing 11 holdings. Its most notable exit was Twilio, an estimated $115M position sold in full.

By sector, the portfolio is most concentrated in Technology at 62% of assets, down from 67% a quarter earlier, followed by Financials and Consumer Discretionary.

Against the trend, HMI Capital Management added an estimated $61.9M to Airbnb.

  • HMI Capital Management added most to Airbnb in Q4 2022, an estimated $61.9M increase.
  • HMI Capital Management's biggest Q4 2022 reduction was Coupa Software Incorporated, cutting an estimated $146M.
  • HMI Capital Management fully exited Twilio in Q4 2022, selling an estimated $115M.
  • HMI Capital Management's ten largest holdings make up 88% of its $2.34B portfolio in Q4 2022.
  • HMI Capital Management opened 0 new positions and closed 1 in Q4 2022.
  • HMI Capital Management's portfolio value fell 12% quarter-over-quarter to $2.34B.

Based on HMI Capital Management's 13F filing for Q4 2022, filed 14 Feb 2023.