Institutional
HMI Capital Management, L.P.
CIK 0001469026
$754.3M
Reported AUM
11
Positions
Q1 2026
Period
2026-05-15
Filed
The Brief · HMI Capital Management, L.P. · Q1 2026
AI · grounded in 13F
HMI Capital Management, L.P. closed its entire position in Clearwater Analytics Hldgs I CWAN, reducing exposure by $152.9M. The fund established three new positions, led by a $66.5M investment in Microsoft Corp MSFT, followed by entries into Roblox Corp RBLX at $43.4M and ServiceNow Inc NOW at $26.1M. Additionally, the fund trimmed its holdings in Fair Isaac Corp FICO by 43.5% and GitLab Inc GTLB by 38.2%.
Portfolio · Q1 2026
Top holdings
| # | Stock | Issuer | Price | Day % | 1Y Gr. | 5Y Gr. | Value | % of book | Δ shares (QoQ) | Status |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | CPNG | COUPANG INC | $16.35 | 1.62% | -43.11% | -45.43% | $111.0M | 14.72% | — | HELD |
| 2 | AMZN | AMAZON COM INC | $271.58 | 15.32% | 26.46% | 56.49% | $110.2M | 14.61% | — | HELD |
| 3 | NCNO | NCINO INC | $18.46 | 0.44% | -32.01% | -70.23% | $101.5M | 13.46% | — | HELD |
| 4 | TOST | TOAST INC | $32.27 | -1.77% | -30.52% | -39.08% | $101.1M | 13.41% | — | HELD |
| 5 | MSFT | MICROSOFT CORP | $464.72 | 3.02% | -10.62% | 60.10% | $66.5M | 8.82% | — | HELD |
| 6 | GTLB | GITLAB INC | $34.51 | 2.34% | -18.17% | -64.55% | $57.4M | 7.61% | — | HELD |
| 7 | TW | TRADEWEB MKTS INC | $100.50 | 2.76% | -26.14% | 18.11% | $54.6M | 7.23% | — | HELD |
| 8 | KLAR | KLARNA GROUP PLC | $18.94 | -0.32% | -55.87% | -49.59% | $54.0M | 7.16% | — | HELD |
| 9 | RBLX | ROBLOX CORP | $35.60 | -26.85% | -71.53% | -56.61% | $43.4M | 5.75% | — | HELD |
| 10 | FICO | FAIR ISAAC CORP | $1122.97 | -1.45% | -18.69% | 144.26% | $28.4M | 3.76% | — | HELD |
| 11 | NOW | SERVICENOW INC | $111.23 | 1.05% | -39.18% | -13.59% | $26.1M | 3.46% | — | HELD |
Source: SEC EDGAR · accession 0001469026-26-000004. 13F discloses long positions only — shorts, foreign equities, and options are excluded.