HMI Capital Management, L.P.

Q3 2025 13F-HR Holdings

Location
San Francisco, CA
Holdings as of
9/30/2025
Date filed
11/14/2025
Form type
13F-HR
Num holdings
12
Total value ($000)
$1,731,933
Net value change ($000)
-29,771 (-1.7%)
New positions
3
Sold out positions
1
Turnover %
20.9%
Sector allocation + QoQ delta (equities-only)
Prev filing: 9/5/2025 Next filing: 2/17/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
KLAR 163,169 NEW
CWAN 96,609 NEW
TW 48,665 NEW
GTLB 27,225 10.3%
Top Reduces (Value $000, Stocks/ETFs)
NICE -116,926 -51.2%
WDAY -73,117 -41.0%
FLUT -72,546 -25.4%
RBLX -54,082 -100.0%
CHYM -18,222 -41.6%
OWL -13,006 -11.9%
CPNG -8,836 -3.1%
NCNO -5,827 -3.1%
TOST -2,876 -2.3%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type