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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 $754,263,202 across 11 holdings for the quarter ended 2026-03-31, in a 13F-HR filed 2026-05-15. Its ten largest share positions make up 96.54% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001469026-26-000004

Period
2026-03-31
Reported value
$754M
Holdings
11
Top 10 weight
96.54%
New
3
Sold out
2

Largest buys vs the previous quarter

SecurityShares changeApprox. value
MSFTnew+179,700$66.5M
RBLXnew+767,300$43.4M
NOWnew+249,800$26.1M
AMZNadded+22,650$4.72M
NCNOadded+2,055$30.8K

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
CWANexited-6,339,500-$153M
OWLexited-2,412,457-$36M
GTLBreduced-1,637,404-$35.4M
FICOreduced-20,450-$21.8M
CPNGreduced-875,000-$16.5M

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 2026

Share positions as resolved from 13F-HR 0001469026-26-000004, largest first. % of portfolio is the value over $754,263,202, 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; 2024Q2: restricted; 2024Q3: 11,192,498 shares; 2024Q4: 11,662,498 shares; 2025Q1: 11,379,652 shares; 2025Q2: 9,460,000 shares; 2025Q3: 8,527,500 shares; 2025Q4: 6,756,100 shares; 2026Q1: 5,881,100 shares 5,881,100$111M14.72%-875,000Timeline
AMZNAMAZON COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 506,500 shares; 2026Q1: 529,150 shares 529,150$110M14.61%+22,650Timeline
NCNONCINO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 7,873,778 shares; 2024Q4: 6,773,778 shares; 2025Q1: 6,773,778 shares; 2025Q2: 6,775,973 shares; 2025Q3: 6,775,973 shares; 2025Q4: 6,775,973 shares; 2026Q1: 6,778,028 shares 6,778,028$102M13.46%+2,055Timeline
TOSTTOAST INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 9,074,422 shares; 2024Q4: 3,299,143 shares; 2025Q1: 5,203,183 shares; 2025Q2: 2,820,183 shares; 2025Q3: 3,342,383 shares; 2025Q4: 4,303,483 shares; 2026Q1: 3,814,983 shares 3,814,983$101M13.41%-488,500Timeline
MSFTMICROSOFT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 179,700 shares 179,700$66.5M8.82%newTimeline
GTLBGITLAB INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 4,833,028 shares; 2024Q4: 4,466,115 shares; 2025Q1: 4,428,475 shares; 2025Q2: 5,858,626 shares; 2025Q3: 6,466,450 shares; 2025Q4: 4,289,081 shares; 2026Q1: 2,651,677 shares 2,651,677$57.4M7.61%-1,637,404Timeline
TWTRADEWEB MKTS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 438,500 shares; 2025Q4: 532,000 shares; 2026Q1: 463,700 shares 463,700$54.6M7.23%-68,300Timeline
KLARKLARNA GROUP PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 4,452,097 shares; 2025Q4: 4,452,097 shares; 2026Q1: 4,123,719 shares 4,123,719$54M7.16%-328,378Timeline
RBLXROBLOX CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 5,032,696 shares; 2024Q4: 4,327,596 shares; 2025Q1: 3,936,090 shares; 2025Q2: 514,086 shares; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 767,300 shares 767,300$43.4M5.75%newTimeline
FICOFAIR ISAAC CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 47,050 shares; 2026Q1: 26,600 shares 26,600$28.4M3.76%-20,450Timeline
NOWSERVICENOW INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 249,800 shares 249,800$26.1M3.46%newTimeline

Sold out in Q1 2026

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

SecurityShares beforeValue beforeType
CWANCLEARWATER ANALYTICS HLDGS I6,339,500$153Mshares
OWLBLUE OWL CAPITAL INC2,412,457$36Mshares

How Q1 2026 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 0001469026-26-000004 base2026-05-15acceptance time not in the bulk data set