Q1 2026 · 13F-HR
HMI Capital Management, L.P.holdings as filed
Filed 2026-05-15 · accession 0001469026-26-000004
The Brief · HMI Capital Management, L.P. · Q1 2026
AI · grounded in 13F
HMI Capital Management, L.P. closed its entire position in Clearwater Analytics Hldgs I CWAN, reducing exposure by $152.9M. The fund established three new positions, led by a $66.5M investment in Microsoft Corp MSFT, followed by entries into Roblox Corp RBLX at $43.4M and ServiceNow Inc NOW at $26.1M. Additionally, the fund trimmed its holdings in Fair Isaac Corp FICO by 43.5% and GitLab Inc GTLB by 38.2%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 22266T109 | CPNG | COUPANG INC | $111.0M | 14.7% | 5,881,100 | Common | SOLE |
| 023135106 | AMZN | AMAZON COM INC | $110.2M | 14.6% | 529,150 | Common | SOLE |
| 63947X101 | NCNO | NCINO INC | $101.5M | 13.5% | 6,778,028 | Common | SOLE |
| 888787108 | TOST | TOAST INC | $101.1M | 13.4% | 3,814,983 | Common | SOLE |
| 594918104 | MSFT | MICROSOFT CORP | $66.5M | 8.82% | 179,700 | Common | SOLE |
| 37637K108 | GTLB | GITLAB INC | $57.4M | 7.61% | 2,651,677 | Common | SOLE |
| 892672106 | TW | TRADEWEB MKTS INC | $54.6M | 7.23% | 463,700 | Common | SOLE |
| G5279N105 | KLAR | KLARNA GROUP PLC | $54.0M | 7.16% | 4,123,719 | Common | SOLE |
| 771049103 | RBLX | ROBLOX CORP | $43.4M | 5.75% | 767,300 | Common | SOLE |
| 303250104 | FICO | FAIR ISAAC CORP | $28.4M | 3.76% | 26,600 | Common | SOLE |
| 81762P102 | NOW | SERVICENOW INC | $26.1M | 3.46% | 249,800 | 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.