HMI Capital Management, L.P. 13F holdings, Q1 2025
Holdings as of March 31, 2025 · filings on SEC EDGAR · latest filing →
HMI Capital Management, L.P. disclosed 12 US equity positions worth $1.8bn in its Q1 2025 13F filing. The largest position was CPNG at 13.6% of the reported book, followed by NICE and RBLX. Against the Q4 2024 filing, it opened 3 new positions, added to 2 and reduced 5 among the top 12 holdings.
What did HMI Capital Management, L.P. own in Q1 2025? Top 12 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2024 |
|---|---|---|---|---|---|---|---|
| 1 | CPNG COUPANG INC | Consumer Cyclical | 13.6% | $249.6m | 11,379,652 | -2% | reduced |
| 2 | NICE NICE LTD | Technology | 13.3% | $243.8m | 1,581,070 | -4% | reduced |
| 3 | RBLX ROBLOX CORP | Communication Services | 12.5% | $229.4m | 3,936,090 | -9% | reduced |
| 4 | FLUTTER ENTMT PLC | 12.2% | $224.9m | 1,015,209 | 22% | added | |
| 5 | GTLB GITLAB INC | Technology | 11.3% | $208.1m | 4,428,475 | -1% | reduced |
| 6 | NCNO NCINO INC | Technology | 10.1% | $186.1m | 6,773,778 | 0% | held |
| 7 | WDAY WORKDAY INC | Technology | 9.5% | $174.5m | 747,085 | 0% | held |
| 8 | TOST TOAST INC | Technology | 9.4% | $172.6m | 5,203,183 | 58% | added |
| 9 | LPLA LPL FINL HLDGS INC | Financial Services | 5.1% | $93.8m | 286,711 | -29% | reduced |
| 10 | OWL BLUE OWL CAPITAL INC | Financial Services | 1.7% | $30.3m | 1,514,100 | – | new |
| 11 | MDB MONGODB INC | Technology | 0.8% | $13.9m | 79,300 | – | new |
| 12 | SAIL SAILPOINT INC | Technology | 0.5% | $10.0m | 534,987 | – | new |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.