Q3 2025 · 13F-HR
HMI Capital Management, L.P.holdings as filed
Filed 2025-11-14 · accession 0001469026-25-000007
$1.73B
Reported value
12
Positions
2025-09-30
Period end
The Brief · HMI Capital Management, L.P. · Q3 2025
AI · grounded in 13F
HMI Capital Management, L.P. established a new position in GTLB valued at $291.5M. The fund also initiated new stakes in CPNG for $274.6M and FLUT for $212.7M. Other new additions include NCNO at $183.7M and KLAR at $163.2M. Total assets under management stand at $1.73B across 12 positions.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 37637K108 | GTLB | GITLAB INC | $291.5M | 16.8% | 6,466,450 | Common | SOLE |
| 22266T109 | CPNG | COUPANG INC | $274.6M | 15.9% | 8,527,500 | Common | SOLE |
| G3643J108 | FLUT | FLUTTER ENTMT PLC | $212.7M | 12.3% | 837,409 | Common | SOLE |
| 63947X101 | NCNO | NCINO INC | $183.7M | 10.6% | 6,775,973 | Common | SOLE |
| G5279N105 | KLAR | KLARNA GROUP PLC | $163.2M | 9.42% | 4,452,097 | Common | SOLE |
| 888787108 | TOST | TOAST INC | $122.0M | 7.05% | 3,342,383 | Common | SOLE |
| 653656108 | NICE | NICE LTD | $111.5M | 6.44% | 770,390 | Common | SOLE |
| 98138H101 | WDAY | WORKDAY INC | $105.2M | 6.08% | 437,100 | Common | SOLE |
| 185123106 | CWAN | CLEARWATER ANALYTICS HLDGS I | $96.6M | 5.58% | 5,361,200 | Common | SOLE |
| 09581B103 | OWL | BLUE OWL CAPITAL INC | $96.6M | 5.58% | 5,704,480 | Common | SOLE |
| 892672106 | TW | TRADEWEB MKTS INC | $48.7M | 2.81% | 438,500 | Common | SOLE |
| 16935C109 | CHYM | CHIME FINL INC | $25.6M | 1.48% | 1,270,744 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.