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Asset Manager ← All Institutions

HMI Capital Management, L.P.

Q4 2025 · Filed 2026-02-17
Market Value
$1.1B
-19.7%
Holdings
12
+1
New Purchases
2
Added To
3
Closed
3
Reduced
3
Top 10 Concentration
100.0%
Turnover
41.7%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
AMZN 10.73% 0.00% +10.73% $117M
FICO 7.30% 0.00% +7.30% $80M
CWAN 14.03% 7.12% +6.91% $153M
TOST 14.03% 9.00% +5.03% $153M
NCNO 15.95% 13.55% +2.40% $174M
TW 5.25% 3.59% +1.66% $57M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
NICE 0.00% 8.23% -8.23% $0
WDAY 0.00% 7.76% -7.76% $0
GTLB 14.77% 21.50% -6.72% $161M
CPNG 14.63% 20.25% -5.62% $159M
OWL 3.31% 7.12% -3.81% $36M
CHYM 0.00% 1.89% -1.89% $0

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 1 $117M 10.7%
Large Cap 6 $485M 44.5%
Mid Cap 4 $314M 28.8%
Small Cap 1 $174M 15.9%

Portfolio Analytics

Avg Market Cap
$252.8B
Median Market Cap
$14.6B
Avg P/E
76.2
Median P/E
35.7
Avg Dividend Yield
0.01%
Avg Beta
0.99
# Stocks
12
# ETFs / Funds
0

Top Holdings (12 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 NCNO 15.95% 6,775,973 $174M $25.64 -$10M
2 GTLB 14.77% 4,289,081 $161M $37.53 -$131M -2,177,369 -33.7%
3 CPNG 14.63% 6,756,100 $159M $23.59 -$115M -1,771,400 -20.8%
4 CWAN 14.03% 6,339,500 $153M $24.12 $56M +978,300 +18.2%
5 TOST 14.03% 4,303,483 $153M $35.51 $31M +961,100 +28.8%
6 AMZN 10.73% 506,500 $117M $230.82 +506,500 NEW
7 FICO 7.30% 47,050 $80M $1,690.62 +47,050 NEW
8 TW 5.25% 532,000 $57M $107.54 $9M +93,500 +21.3%
9 OWL 3.31% 2,412,457 $36M $14.94 -$61M -3,292,023 -57.7%
10 CHYM —% -$26M -1,270,744 -100.0% SOLD
11 NICE —% -$112M -770,390 -100.0% SOLD
12 WDAY —% -$105M -437,100 -100.0% SOLD

New Positions

SymbolValue% Port
AMZN $117M 10.73%
FICO $80M 7.30%

Sold Out Positions

SymbolValue% Port
CHYM —%
NICE —%
WDAY —%
View SEC EDGAR Filings for HMI Capital Management, L.P. →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms