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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
+26.2%
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
$2.31B
AUM Growth
-$297M
(-11%)
Cap. Flow
-$739M
Cap. Flow
% of AUM
-32.04%
Top 10 Holdings %
Top 10 Hldgs %
95.31%
Holding
14
New
2
Increased
1
Reduced
7
Closed
2
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Salesforce
CRM
|
+$66.4M |
| 2 |
Coupang
CPNG
|
+$31.7M |
| 3 |
Toast
TOST
|
+$13.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NEWR
New Relic, Inc.
NEWR
|
+$434M |
| 2 |
GitLab
GTLB
|
+$145M |
| 3 |
Dynatrace
DT
|
+$60.5M |
| 4 |
Etsy
ETSY
|
+$50.3M |
| 5 |
Airbnb
ABNB
|
+$49.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 65.05% |
| 2 | Consumer Discretionary | 13.46% |
| 3 | Communication Services | 12.19% |
| 4 | Financials | 9.31% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Roblox
RBLX
$34.8B
| $281M | 12.19% |
6,147,696
-1,022,148
| -14% | -$37.8M |
|
|
2
Toast
TOST
$19.1B
| $277M | 12.03% |
15,189,265
+808,244
| +6% | +$13.3M |
|
|
3
GitLab
GTLB
$5.7B
| $277M | 12.02% |
4,403,101
-2,861,012
| -39% | -$145M |
|
4
nCino
NCNO
$2.01B
| $270M | 11.71% |
8,031,487
-134,938
| -2% | -$4.02M |
|
|
GTM
5
ZoomInfo Technologies
GTM
$978M
| $249M | 10.81% |
13,481,070
| – | – |
|
|
XYZ
6
Block Inc
XYZ
$49.2B
| $230M | 9.96% |
2,969,816
-587,337
| -17% | -$33.2M |
|
7
Ares Management
ARES
$28B
| $215M | 9.31% |
1,804,897
-334,272
| -16% | -$36.3M |
|
|
8
Airbnb
ABNB
$90.3B
| $151M | 6.53% |
1,105,627
-386,600
| -26% | -$49.9M |
|
|
9
Etsy
ETSY
$7.89B
| $129M | 5.58% |
1,588,003
-702,537
| -31% | -$50.3M |
|
10
Workday
WDAY
$39B
| $119M | 5.18% |
432,700
| – | – |
|
|
11
Salesforce
CRM
$148B
| $77.2M | 3.35% |
+293,200
| New | +$66.4M |
|
|
12
Coupang
CPNG
$28.9B
| $31.1M | 1.35% |
+1,921,093
| New | +$31.7M |
|
|
13
Dynatrace
DT
$12.8B
| – | – |
-1,294,014
| Closed | -$60.5M |
|
|
NEWR
14
DELISTED
New Relic, Inc.
NEWR
| – | – |
-5,065,082
| Closed | -$434M |
|
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HMI Capital Management's Q4 2023 Portfolio in Review
As of Q4 2023, HMI Capital Management held 14 positions worth $2.31B, down 11% from $2.6B the previous quarter. Its ten largest holdings account for 95% of the portfolio.
HMI Capital Management withdrew a net $739M in Q4 2023, closing 2 positions and reducing 7 holdings. Its most notable exit was New Relic, Inc., an estimated $434M position sold in full.
By sector, the portfolio is most concentrated in Technology at 65% of assets, up from 53% a quarter earlier, followed by Consumer Discretionary and Communication Services.
Against the trend, HMI Capital Management opened a new position in Salesforce worth $77.2M.
- HMI Capital Management's largest Q4 2023 buy was Salesforce: 293,200 shares worth $77.2M.
- HMI Capital Management added most to Toast in Q4 2023, an estimated $13.3M increase.
- HMI Capital Management's biggest Q4 2023 reduction was GitLab, cutting an estimated $145M.
- HMI Capital Management fully exited New Relic, Inc. in Q4 2023, selling an estimated $434M.
- HMI Capital Management's ten largest holdings make up 95% of its $2.31B portfolio in Q4 2023.
- HMI Capital Management opened 2 new positions and closed 2 in Q4 2023.
- HMI Capital Management's portfolio value fell 11% quarter-over-quarter to $2.31B.
Based on HMI Capital Management's 13F filing for Q4 2023, filed 14 Feb 2024.