HMI Capital Management, L.P. 13F holdings, Q3 2025
Holdings as of September 30, 2025 · filings on SEC EDGAR · latest filing →
HMI Capital Management, L.P. disclosed 12 US equity positions worth $1.7bn in its Q3 2025 13F filing. The largest position was GTLB at 16.8% of the reported book, followed by CPNG and FLUTTER ENTMT PLC. Against the Q2 2025 filing, it opened 3 new positions, added to 2 and reduced 4 among the top 12 holdings.
What did HMI Capital Management, L.P. own in Q3 2025? Top 12 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2025 |
|---|---|---|---|---|---|---|---|
| 1 | GTLB GITLAB INC | Technology | 16.8% | $291.5m | 6,466,450 | 10% | added |
| 2 | CPNG COUPANG INC | Consumer Cyclical | 15.9% | $274.6m | 8,527,500 | -10% | reduced |
| 3 | FLUTTER ENTMT PLC | 12.3% | $212.7m | 837,409 | -16% | reduced | |
| 4 | NCNO NCINO INC | Technology | 10.6% | $183.7m | 6,775,973 | 0% | held |
| 5 | KLAR KLARNA GROUP PLC | Financial Services | 9.4% | $163.2m | 4,452,097 | – | new |
| 6 | TOST TOAST INC | Technology | 7.0% | $122.0m | 3,342,383 | 19% | added |
| 7 | NICE NICE LTD | Technology | 6.4% | $111.5m | 770,390 | -43% | reduced |
| 8 | WDAY WORKDAY INC | Technology | 6.1% | $105.2m | 437,100 | -41% | reduced |
| 9 | CWAN CLEARWATER ANALYTICS HLDGS I | Technology | 5.6% | $96.6m | 5,361,200 | – | new |
| 10 | OWL BLUE OWL CAPITAL INC | Financial Services | 5.6% | $96.6m | 5,704,480 | 0% | held |
| 11 | TW TRADEWEB MKTS INC | Financial Services | 2.8% | $48.7m | 438,500 | – | new |
| 12 | CHYM CHIME FINL INC | Technology | 1.5% | $25.6m | 1,270,744 | 0% | held |
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.