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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
+16.11%
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
$1.76B
AUM Growth
-$75.3M
Cap. Flow
-$386M
Cap. Flow %
-21.94%
Top 10 Hldgs %
100%
Holding
13
New
1
Increased
3
Reduced
6
Closed
3

Top Buys

Rank Stock Value
1
OWL icon
Blue Owl Capital
OWL
+$77.5M
2
GTLB icon
GitLab
GTLB
+$65.4M
3
CHYM
Chime Financial
CHYM
+$41.9M
4
NCNO icon
nCino
NCNO
+$54.8K

Top Sells

Rank Stock Value
1
RBLX icon
Roblox
RBLX
+$269M
2
LPLA icon
LPL Financial
LPLA
+$93.8M
3
TOST icon
Toast
TOST
+$93.7M
4
CPNG icon
Coupang
CPNG
+$49.2M
5
NICE icon
Nice
NICE
+$36.8M

Sector Composition

Rank Sector Weight
1 Technology 58.43%
2 Consumer Discretionary 32.28%
3 Financials 6.22%
4 Communication Services 3.07%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FLUT icon
1
Flutter Entertainment
FLUT
$17.6B
$285M 16.19%
998,209
-17,000
-2% -$4.17M
CPNG icon
2
Coupang
CPNG
$27.8B
$283M 16.09%
9,460,000
-1,919,652
-17% -$49.2M
GTLB icon
3
GitLab
GTLB
$5.28B
$264M 15%
5,858,626
+1,430,151
+32% +$65.4M
NICE icon
4
Nice
NICE
$5.29B
$228M 12.97%
1,352,570
-228,500
-14% -$36.8M
NCNO icon
5
nCino
NCNO
$1.81B
$190M 10.76%
6,775,973
+2,195
+0% +$54.8K
WDAY icon
6
Workday
WDAY
$33.4B
$178M 10.12%
743,085
-4,000
-0.5% -$974K
TOST icon
7
Toast
TOST
$16.8B
$125M 7.09%
2,820,183
-2,383,000
-46% -$93.7M
OWL icon
8
Blue Owl Capital
OWL
$6.39B
$110M 6.22%
5,704,480
+4,190,380
+277% +$77.5M
RBLX icon
9
Roblox
RBLX
$34B
$54.1M 3.07%
514,086
-3,422,004
-87% -$269M
CHYM
10
Chime Financial
CHYM
$7.88B
$43.9M 2.49%
+1,270,744
New +$41.9M
LPLA icon
11
LPL Financial
LPLA
$26.3B
– –
-286,711
Closed -$93.8M
MDB icon
12
MongoDB
MDB
$24B
– –
-79,300
Closed -$13.9M
SAIL
13
SailPoint Inc
SAIL
$8.48B
– –
-534,987
Closed -$10M

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FSCM
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SF
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RMC
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BEC
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GFM
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TPW
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TCMI
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HMI Capital Management's Q2 2025 Portfolio in Review

As of Q2 2025, HMI Capital Management held 13 positions worth $1.76B, down 4.1% from $1.84B the previous quarter. Its ten largest holdings account for 100% of the portfolio.

HMI Capital Management withdrew a net $386M in Q2 2025, closing 3 positions and reducing 6 holdings. Its most notable exit was LPL Financial, an estimated $93.8M position sold in full.

By sector, the portfolio is most concentrated in Technology at 58% of assets, up from 55% a quarter earlier, followed by Consumer Discretionary and Financials.

Against the trend, HMI Capital Management opened a new position in Chime Financial worth $43.9M.

  • HMI Capital Management's largest Q2 2025 buy was Chime Financial: 1,270,744 shares worth $43.9M.
  • HMI Capital Management added most to Blue Owl Capital in Q2 2025, an estimated $77.5M increase.
  • HMI Capital Management's biggest Q2 2025 reduction was Roblox, cutting an estimated $269M.
  • HMI Capital Management fully exited LPL Financial in Q2 2025, selling an estimated $93.8M.
  • HMI Capital Management's ten largest holdings make up 100% of its $1.76B portfolio in Q2 2025.
  • HMI Capital Management opened 1 new position and closed 3 in Q2 2025.
  • HMI Capital Management's portfolio value fell 4.1% quarter-over-quarter to $1.76B.

Based on HMI Capital Management's 13F filing for Q2 2025, filed 14 Aug 2025.