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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
+10.07%
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
$1.99B
AUM Growth
-$425M
Cap. Flow
-$639M
Cap. Flow %
-32.1%
Top 10 Hldgs %
100%
Holding
14
New
–
Increased
4
Reduced
6
Closed
4

Top Buys

Rank Stock Value
1
FLUT icon
Flutter Entertainment
FLUT
+$133M
2
NICE icon
Nice
NICE
+$33.3M
3
WDAY icon
Workday
WDAY
+$17.6M
4
CPNG icon
Coupang
CPNG
+$11.5M

Top Sells

Rank Stock Value
1
TOST icon
Toast
TOST
+$203M
2
XYZ
Block Inc
XYZ
+$199M
3
LPLA icon
LPL Financial
LPLA
+$86.1M
4
ABNB icon
Airbnb
ABNB
+$80M
5
TKO icon
TKO Group
TKO
+$60M

Sector Composition

Rank Sector Weight
1 Technology 57.14%
2 Consumer Discretionary 23.7%
3 Communication Services 12.58%
4 Financials 6.58%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NICE icon
1
Nice
NICE
$6.15B
$279M 14.02%
1,642,770
+186,600
+13% +$33.3M
CPNG icon
2
Coupang
CPNG
$27.2B
$256M 12.88%
11,662,498
+470,000
+4% +$11.5M
GTLB icon
3
GitLab
GTLB
$5.75B
$252M 12.64%
4,466,115
-366,913
-8% -$21.4M
RBLX icon
4
Roblox
RBLX
$35.9B
$250M 12.58%
4,327,596
-705,100
-14% -$35.5M
NCNO icon
5
nCino
NCNO
$2.06B
$227M 11.43%
6,773,778
-1,100,000
-14% -$41M
FLUT icon
6
Flutter Entertainment
FLUT
$18.7B
$215M 10.83%
833,809
+528,309
+173% +$133M
WDAY icon
7
Workday
WDAY
$41.5B
$193M 9.68%
747,085
+69,050
+10% +$17.6M
LPLA icon
8
LPL Financial
LPLA
$27B
$131M 6.58%
401,243
-291,300
-42% -$86.1M
TOST icon
9
Toast
TOST
$18.9B
$120M 6.04%
3,299,143
-5,775,279
-64% -$203M
GTM
10
ZoomInfo Technologies
GTM
$1.03B
$66.3M 3.33%
6,308,147
-5,545,600
-47% -$59.3M
ABNB icon
11
Airbnb
ABNB
$90.8B
– –
-630,646
Closed -$80M
ARES icon
12
Ares Management
ARES
$28.1B
– –
-315,472
Closed -$49.2M
TKO icon
13
TKO Group
TKO
$14B
– –
-485,385
Closed -$60M
XYZ
14
Block Inc
XYZ
$48.9B
– –
-2,969,816
Closed -$199M

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SF
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RMC
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BEC
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HMI Capital Management's Q4 2024 Portfolio in Review

As of Q4 2024, HMI Capital Management held 14 positions worth $1.99B, down 18% from $2.42B the previous quarter. Its ten largest holdings account for 100% of the portfolio.

HMI Capital Management withdrew a net $639M in Q4 2024, closing 4 positions and reducing 6 holdings. Its most notable exit was Block Inc, an estimated $199M position sold in full.

By sector, the portfolio is most concentrated in Technology at 57% of assets, down from 62% a quarter earlier, followed by Consumer Discretionary and Communication Services.

Against the trend, HMI Capital Management added an estimated $133M to Flutter Entertainment.

  • HMI Capital Management added most to Flutter Entertainment in Q4 2024, an estimated $133M increase.
  • HMI Capital Management's biggest Q4 2024 reduction was Toast, cutting an estimated $203M.
  • HMI Capital Management fully exited Block Inc in Q4 2024, selling an estimated $199M.
  • HMI Capital Management's ten largest holdings make up 100% of its $1.99B portfolio in Q4 2024.
  • HMI Capital Management opened 0 new positions and closed 4 in Q4 2024.
  • HMI Capital Management's portfolio value fell 18% quarter-over-quarter to $1.99B.

Based on HMI Capital Management's 13F filing for Q4 2024, filed 14 Feb 2025.