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HMI Capital Management, L.P.

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13F filer, CIK 1469026, SAN FRANCISCO, CA

HMI Capital Management, L.P. reported $1,837,011,344 across 12 holdings for the quarter ended 2025-03-31, in a 13F-HR filed 2025-05-15. Its ten largest share positions make up 98.7% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001085146-25-003236

Period
2025-03-31
Reported value
$1.84B
Holdings
12
Top 10 weight
98.7%
New
3
Sold out
1

Largest buys vs the previous quarter

SecurityShares changeApprox. value
TOSTadded+1,904,040$63.2M
FLUTadded+181,400$40.2M
OWLnew+1,514,100$30.3M
MDBnew+79,300$13.9M
SAILnew+534,987$10M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
GTMexited-6,308,147-$66.3M
LPLAreduced-114,532-$37.5M
RBLXreduced-391,506-$22.8M
NICEreduced-61,700-$9.51M
CPNGreduced-282,846-$6.2M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q1 2025

Share positions as resolved from 13F-HR 0001085146-25-003236, largest first. % of portfolio is the value over $1,837,011,344, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
CPNGCOUPANG INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 11,192,498 shares; 2024Q4: 11,662,498 shares; 2025Q1: 11,379,652 shares 11,379,652$250M13.58%-282,846Timeline
NICENICE LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,456,170 shares; 2024Q4: 1,642,770 shares; 2025Q1: 1,581,070 shares 1,581,070$244M13.27%-61,700Timeline
RBLXROBLOX CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,032,696 shares; 2024Q4: 4,327,596 shares; 2025Q1: 3,936,090 shares 3,936,090$229M12.49%-391,506Timeline
FLUTFLUTTER ENTMT PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 305,500 shares; 2024Q4: 833,809 shares; 2025Q1: 1,015,209 shares 1,015,209$225M12.24%+181,400Timeline
GTLBGITLAB INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,833,028 shares; 2024Q4: 4,466,115 shares; 2025Q1: 4,428,475 shares 4,428,475$208M11.33%-37,640Timeline
NCNONCINO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 7,873,778 shares; 2024Q4: 6,773,778 shares; 2025Q1: 6,773,778 shares 6,773,778$186M10.13%0Timeline
WDAYWORKDAY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 678,035 shares; 2024Q4: 747,085 shares; 2025Q1: 747,085 shares 747,085$174M9.5%0Timeline
TOSTTOAST INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 9,074,422 shares; 2024Q4: 3,299,143 shares; 2025Q1: 5,203,183 shares 5,203,183$173M9.4%+1,904,040Timeline
LPLALPL FINL HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 692,543 shares; 2024Q4: 401,243 shares; 2025Q1: 286,711 shares 286,711$93.8M5.11%-114,532Timeline
OWLBLUE OWL CAPITAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 1,514,100 shares 1,514,100$30.3M1.65%newTimeline
MDBMONGODB INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 79,300 shares 79,300$13.9M0.76%newTimeline
SAILSAILPOINT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 534,987 shares 534,987$10M0.55%newTimeline

Sold out in Q1 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
GTMZOOMINFO TECHNOLOGIES INC6,308,147$66.3Mshares

How Q1 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001085146-25-003236 base2025-05-15acceptance time not in the bulk data set