HMS Capital Management, LLC
CIK 1689470 · View on SEC EDGAR ↗
- Portfolio value
- $267.4M
- Positions
- 120
- As of
- June 30, 2026
#5,525 of 9,443 by 13F value · top 58.5%
Portfolio value QoQ: +19.5% 13F does not disclose cash
- Top 10 holdings weight
- 50.38%
- Top 25 holdings weight
- 70.80%
- Positions above 1%
- 23
- Effective number of positions
- 23.8
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 2.96% Est. buys $14,998,020 · sells $7,277,944
Median holding: 6.0 quarters Tracked Q4 2024–Q2 2026 · 75.5% still held
- New positions
- 11
- Increased
- 17
- Decreased
- 76
- Closed
- 4
On this page
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- High-conviction bets The holdings this manager is most concentrated in.
- Biggest new bets Brand-new positions opened in the latest quarter.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
Sector breakdown
Technology
18.5%
Industrials
6.5%
Health Care
3.8%
Communication Services
3.2%
Financial Services
3.0%
Financials
2.9%
Retail
2.1%
Consumer Discretionary
2.1%
Materials
1.3%
Utilities
1.1%
Energy
0.9%
Consumer products
0.8%
Communications
0.7%
Consumer Staples
0.6%
Telecommunication
0.3%
Real Estate
0.2%
Other/Unmapped
52.0%
Full portfolio 120 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| SPY SPY | $39,093,256 | 14.62% | 52,350 | $9,047,548 | Up ×1 | ||
| LQD | $16,647,551 | 6.23% | 152,632 | $147,366 | Up ×4 | ||
| EFA | $15,478,682 | 5.79% | 149,005 | $986,865 | Down ×2 | ||
| QQQ Invesco QQQ Trust, Series 1 | $14,855,612 | 5.56% | 20,173 | $3,035,951 | Down ×2 | ||
| MU Micron Technology, Inc. - Common Stock | $13,984,326 | 5.23% | 12,115 | $9,348,605 | Down ×3 | ||
| NVDA NVIDIA Corporation - Common Stock | $8,267,065 | 3.09% | 41,317 | $964,523 | Down ×6 | ||
| GRID First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund | $7,647,701 | 2.86% | 39,884 | $1,027,389 | Down ×1 | ||
| CWB | $7,078,654 | 2.65% | 65,653 | $968,185 | Down ×2 | ||
| EEM | $6,524,518 | 2.44% | 95,374 | $1,083,866 | Down ×1 | ||
| AVGO Broadcom Inc. - Common Stock | $5,113,649 | 1.91% | 13,537 | $800,127 | Down ×4 | ||
| GS Goldman Sachs Group, Inc. (The) Common Stock | $5,061,531 | 1.89% | 5,005 | $794,121 | Down ×6 | ||
| IWD | $4,994,023 | 1.87% | 20,600 | $718,677 | Up ×3 | ||
| AMD Advanced Micro Devices, Inc. - Common Stock | $4,887,777 | 1.83% | 8,414 | $3,118,750 | Down ×3 | ||
| GOOGL Alphabet Inc. - Class A Common Stock | $4,442,147 | 1.66% | 12,430 | $842,412 | Down ×6 | ||
| MUB | $4,123,836 | 1.54% | 38,318 | $1,810,922 | Up ×6 | ||
| AAPL Apple Inc. - Common Stock | $3,994,205 | 1.49% | 13,804 | $383,352 | Down ×6 | ||
| XLE XLE | $3,515,721 | 1.31% | 66,197 | $-618,523 | Down ×2 | ||
| MSFT Microsoft Corporation - Common Stock | $3,432,358 | 1.28% | 9,202 | $-169,650 | Down ×6 | ||
| HYG | $3,256,063 | 1.22% | 40,716 | $57,086 | Up ×1 | ||
| AMZN Amazon.com, Inc. - Common Stock | $3,212,823 | 1.20% | 13,480 | $354,317 | Down ×6 | ||
| JPM JP Morgan Chase & Co. Common Stock | $3,111,534 | 1.16% | 9,506 | $271,940 | Down ×6 | ||
| MCK McKesson Corporation Common Stock | $2,859,118 | 1.07% | 3,784 | $-460,763 | Down ×6 | ||
| IWP | $2,786,222 | 1.04% | 19,030 | $371,371 | Up ×1 | ||
| BAC Bank of America Corporation Common Stock | $2,474,109 | 0.93% | 43,421 | $305,268 | Down ×3 | ||
| PH Parker-Hannifin Corporation Common Stock | $2,449,481 | 0.92% | 2,504 | $185,847 | Down ×6 | ||
| AIQ Global X Artificial Intelligence & Technology ETF | $2,406,414 | 0.90% | 36,678 | $641,002 | Down ×3 | ||
| META Meta Platforms, Inc. - Class A Common Stock | $2,282,535 | 0.85% | 4,052 | $-40,074 | Down ×6 | ||
| VOO | $2,195,732 | 0.82% | 3,197 | $531,555 | Up ×1 | ||
| IWF | $2,170,988 | 0.81% | 17,484 | $307,194 | Up ×1 | ||
| LLY Eli Lilly and Company Common Stock | $1,988,017 | 0.74% | 1,657 | $433,533 | Down ×3 | ||
| BKNG Booking Holdings Inc. - Common Stock | $1,926,323 | 0.72% | 10,807 | $77,525 | Up ×1 | ||
| HCA HCA Healthcare, Inc. Common Stock | $1,861,473 | 0.70% | 4,774 | $-411,580 | Down ×5 | ||
| NFLX Netflix, Inc. - Common Stock | $1,770,434 | 0.66% | 24,796 | $-671,488 | Down ×2 | ||
| WMT Walmart Inc. - Common Stock | $1,694,179 | 0.63% | 14,958 | $-163,905 | Up ×1 | ||
| WM Waste Management, Inc. Common Stock | $1,599,039 | 0.60% | 7,174 | $-71,653 | Down ×6 | ||
| MA Mastercard Incorporated Common Stock | $1,556,729 | 0.58% | 3,031 | $37,094 | Down ×6 | ||
| MSI Motorola Solutions, Inc. Common Stock | $1,502,871 | 0.56% | 3,619 | $-110,776 | Down ×6 | ||
| FIX Comfort Systems USA, Inc. Common Stock | $1,469,669 | 0.55% | 742 | $411,269 | Down ×6 | ||
| CDNS Cadence Design Systems, Inc. - Common Stock | $1,437,851 | 0.54% | 3,831 | $338,597 | Down ×5 | ||
| URI United Rentals, Inc. Common Stock | $1,431,053 | 0.54% | 1,263 | $488,439 | Down ×3 | ||
| QCOM QUALCOMM Incorporated - Common Stock | $1,423,795 | 0.53% | 7,705 | $401,867 | Down ×5 | ||
| KO Coca-Cola Company (The) Common Stock | $1,327,862 | 0.50% | 16,339 | $70,134 | Down ×3 | ||
| AEE Ameren Corporation Common Stock | $1,278,765 | 0.48% | 11,312 | $18,286 | Down ×1 | ||
| STRL Sterling Infrastructure, Inc. - Common Stock | $1,265,755 | 0.47% | 1,508 | $399,492 | Down ×6 | ||
| PG Procter & Gamble Company (The) Common Stock | $1,200,090 | 0.45% | 8,184 | $7,039 | Down ×3 | ||
| MTSI MACOM Technology Solutions Holdings, Inc. - Common Stock | $1,197,024 | 0.45% | 3,147 | $491,063 | Down ×1 | ||
| SYK Stryker Corporation Common Stock | $1,190,350 | 0.45% | 3,781 | $-72,449 | Down ×6 | ||
| CW Curtiss-Wright Corporation Common Stock | $1,187,590 | 0.44% | 1,567 | $120,124 | |||
| CRS Carpenter Technology Corporation Common Stock | $1,143,114 | 0.43% | 1,853 | $405,599 | Down ×1 | ||
| STLD Steel Dynamics, Inc. - Common Stock | $1,105,432 | 0.41% | 4,818 | $215,125 | Down ×3 | ||
| FTNT Fortinet, Inc. - Common Stock | $1,055,984 | 0.39% | 6,874 | $494,241 | |||
| MPWR Monolithic Power Systems, Inc. - Common Stock | $1,055,255 | 0.39% | 763 | $214,096 | Down ×1 | ||
| CLS Celestica, Inc. Common Stock | $1,049,894 | 0.39% | 2,878 | $-28,377 | Down ×1 | ||
| NVMI Nova Ltd. - Ordinary Shares | $1,046,788 | 0.39% | 1,928 | $200,811 | Down ×1 | ||
| WYNN Wynn Resorts, Limited - Common Stock | $1,006,967 | 0.38% | 10,371 | $-62,226 | Down ×1 | ||
| Unknown issuer (CUSIP: G2004J103) | $1,000,552 | 0.37% | 35,021 | Up ×1 | |||
| NVT nVent Electric plc Ordinary Shares | $989,296 | 0.37% | 5,833 | $292,325 | Down ×1 | ||
| IJK | $979,547 | 0.37% | 8,337 | $81,578 | Down ×1 | ||
| MCD McDonald's Corporation Common Stock | $958,061 | 0.36% | 3,544 | $-155,779 | Down ×6 | ||
| AA Alcoa Corporation Common Stock | $942,334 | 0.35% | 18,073 | $-297,886 | Down ×3 | ||
| SN SharkNinja, Inc. Ordinary Shares | $920,168 | 0.34% | 6,043 | $273,754 | Down ×1 | ||
| VST Vistra Corp. Common Stock | $916,058 | 0.34% | 5,775 | $43,697 | Down ×1 | ||
| ESE ESCO Technologies Inc. Common Stock | $848,854 | 0.32% | 2,425 | $157,528 | Down ×1 | ||
| IVW | $828,481 | 0.31% | 6,024 | $12,958 | Down ×1 | ||
| USFD US Foods Holding Corp. Common Stock | $804,912 | 0.30% | 7,872 | $72,488 | Down ×1 | ||
| LGND Ligand Pharmaceuticals Incorporated - Common Stock | $796,547 | 0.30% | 2,520 | Up ×1 | |||
| FTI TechnipFMC plc Ordinary Share | $793,754 | 0.30% | 11,972 | $-43,175 | Down ×1 | ||
| AGI Alamos Gold Inc. Class A Common Shares | $780,387 | 0.29% | 25,721 | $-373,835 | Down ×1 | ||
| IVV | $761,621 | 0.28% | 1,017 | $94,040 | Down ×2 | ||
| TMUS T-Mobile US, Inc. - Common Stock | $688,003 | 0.26% | 4,102 | $-175,905 | Down ×1 | ||
| UTHR United Therapeutics Corporation - Common Stock | $681,622 | 0.25% | 1,258 | $-102,298 | Down ×1 | ||
| J Jacobs Solutions Inc. Common Stock | $680,075 | 0.25% | 5,397 | $-6,600 | Up ×1 | ||
| ROAD Construction Partners, Inc. - Common Stock | $660,718 | 0.25% | 5,563 | $36,890 | Down ×1 | ||
| SEI Solaris Energy Infrastructure, Inc. Class A Common Stock | $650,519 | 0.24% | 8,085 | Up ×1 | |||
| CLH Clean Harbors, Inc. Common Stock | $623,491 | 0.23% | 2,087 | $18,777 | Down ×1 | ||
| SKWD Skyward Specialty Insurance Group, Inc. - Common Stock | $615,884 | 0.23% | 10,555 | $150,255 | Down ×1 | ||
| AHR American Healthcare REIT, Inc. Common Stock | $615,625 | 0.23% | 11,805 | $53,471 | Down ×1 | ||
| RKT Rocket Companies, Inc. Class A Common Stock | $572,749 | 0.21% | 36,365 | $49,631 | Down ×2 | ||
| IREN IREN Limited - Ordinary Shares | $547,251 | 0.20% | 11,967 | $132,737 | Down ×1 | ||
| TXRH Texas Roadhouse, Inc. - Common Stock | $545,159 | 0.20% | 2,821 | $74,184 | Down ×1 | ||
| CSW CSW Industrials, Inc. Common Stock | $544,252 | 0.20% | 1,956 | $35,191 | Up ×1 | ||
| PNFP Pinnacle Financial Partners, Inc. - Common Stock | $530,629 | 0.20% | 5,260 | $77,533 | |||
| AROC Archrock, Inc. Common Stock | $529,953 | 0.20% | 13,018 | $77,020 | Up ×3 | ||
| XLK XLK | $525,835 | 0.20% | 2,760 | $159,031 | |||
| HALO Halozyme Therapeutics, Inc. - Common Stock | $497,719 | 0.19% | 6,359 | $86,737 | |||
| VIG | $495,246 | 0.19% | 2,093 | $45,125 | |||
| CPRT Copart, Inc. - Common Stock | $493,917 | 0.18% | 17,521 | $-87,780 | |||
| IWR | $484,636 | 0.18% | 4,393 | $57,505 | |||
| TBBK The Bancorp, Inc. - Common Stock | $479,071 | 0.18% | 7,648 | $63,953 | Down ×1 | ||
| ANET Arista Networks, Inc. Common Stock | $467,170 | 0.17% | 2,750 | $123,386 | Down ×6 | ||
| VIK Viking Holdings Ltd Ordinary Shares | $425,588 | 0.16% | 4,066 | $116,017 | Down ×4 | ||
| OKLO Oklo Inc. Class A common stock | $421,518 | 0.16% | 8,055 | $22,071 | |||
| HWM Howmet Aerospace Inc. Common Stock | $401,987 | 0.15% | 1,495 | $53,503 | Down ×3 | ||
| XOM Exxon Mobil Corporation Common Stock | $392,797 | 0.15% | 2,873 | $-94,636 | |||
| Unknown issuer (CUSIP: 724078209) | $391,486 | 0.15% | 5,412 | $-5,910 | Up ×1 | ||
| SITM SiTime Corporation - Common Stock | $390,673 | 0.15% | 524 | Up ×1 | |||
| PYPL PayPal Holdings, Inc. - Common Stock | $385,437 | 0.14% | 8,926 | $-37,916 | Down ×1 | ||
| NFG National Fuel Gas Company Common Stock | $360,176 | 0.13% | 4,665 | $-82,842 | Down ×1 | ||
| VTI | $357,089 | 0.13% | 965 | $47,828 | Up ×1 | ||
| NOW ServiceNow, Inc. Common Stock | $355,820 | 0.13% | 3,584 | $-18,887 | |||
| No matches | |||||||
Conviction holdings
Positions increased for 3+ consecutive quarters.
Share counts are as reported in 13F filings (not split-adjusted)
| Security | Value | % of portfolio | Streak |
|---|---|---|---|
| LQD | $16,647,551 | 6.23% | up ×4 |
| IWD | $4,994,023 | 1.87% | up ×3 |
| MUB | $4,123,836 | 1.54% | up ×6 |
| AROC | $529,953 | 0.20% | up ×3 |
Biggest new bets
New positions opened this quarter, largest first.
| Security | Value | Shares | % of portfolio |
|---|---|---|---|
| Unknown issuer (CUSIP: G2004J103) | $1,000,552 | 35,021 | 0.37% |
| LGND | $796,547 | 2,520 | 0.30% |
| SEI | $650,519 | 8,085 | 0.24% |
| SITM | $390,673 | 524 | 0.15% |
| VBIL | $325,651 | 4,303 | 0.12% |
| APH | $257,809 | 1,462 | 0.10% |
| GEV | $245,546 | 209 | 0.09% |
| SJM | $224,657 | 1,997 | 0.08% |
| CMG | $209,542 | 6,163 | 0.08% |
| VGIT | $201,122 | 3,410 | 0.08% |
| EVR | $200,155 | 586 | 0.07% |
Top movers (QoQ)
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| UNH | June 30, 2025 | 3,605 | $1,891,733 | 25.8% |
| CMG | March 31, 2026 | 34,459 | $1,274,983 | 7.1% |
| MLM | March 31, 2025 | 2,029 | $1,048,200 | 10.2% |
| LHX | March 31, 2025 | 4,807 | $1,010,844 | 31.1% |
| COOP | Dec. 31, 2025 | 4,633 | $976,590 | No longer tracked |
| SJM | March 31, 2026 | 9,369 | $916,403 | 28.6% |
| CCL | June 30, 2026 | 34,999 | $905,785 | -9.1% |
| MDT | March 31, 2025 | 11,130 | $889,041 | 4.8% |
| JEF | March 31, 2025 | 10,033 | $786,587 | -1.5% |
| STZ | March 31, 2025 | 3,018 | $667,042 | -27.9% |
| ZBH | March 31, 2025 | 5,816 | $614,353 | -10.7% |
| EXP | March 31, 2025 | 2,284 | $563,647 | -8.4% |
| ENSG | June 30, 2026 | 2,596 | $523,094 | 14.4% |
| PSN | March 31, 2025 | 5,577 | $514,478 | -22.2% |
| CBZ | Sept. 30, 2025 | 7,000 | $501,970 | 3.7% |
| ELF | March 31, 2025 | 3,701 | $464,661 | 61.5% |
| LECO | March 31, 2025 | 1,997 | $374,424 | 46.2% |
| ASML | March 31, 2025 | 538 | $372,759 | 164.6% |
| XHB | March 31, 2026 | 3,471 | $357,327 | No longer tracked |
| WAY | Dec. 31, 2025 | 9,379 | $355,652 | -23.6% |
| EXLS | March 31, 2026 | 7,846 | $332,984 | 22.9% |
| SAIA | June 30, 2025 | 951 | $309,370 | 30.2% |
| VTV | March 31, 2025 | 1,680 | $284,424 | No longer tracked |
| SNPS | June 30, 2025 | 738 | $281,104 | -22.5% |
| FOUR | March 31, 2026 | 4,421 | $278,390 | 11.9% |
| SFM | Dec. 31, 2025 | 2,540 | $276,352 | -1.2% |
| CRM | March 31, 2025 | 794 | $265,458 | -23.4% |
| MMYT | March 31, 2026 | 3,145 | $258,267 | 68.8% |
| H | March 31, 2025 | 1,590 | $249,547 | 47.5% |
| MEDP | March 31, 2025 | 733 | $243,525 | 102.7% |
| IVE | June 30, 2025 | 1,373 | $235,140 | No longer tracked |
| MRSH | Sept. 30, 2025 | 1,043 | $228,042 | -6.6% |
| CEG | March 31, 2026 | 629 | $222,207 | -1.4% |
| VRTX | June 30, 2026 | 497 | $221,930 | 9.5% |
| NVO | March 31, 2025 | 2,538 | $218,305 | -33.0% |
| CRM | Sept. 30, 2025 | 794 | $216,516 | -13.2% |
| AFL | June 30, 2025 | 2,162 | $216,200 | 9.9% |
| LIN | Dec. 31, 2025 | 448 | $212,800 | 14.3% |
| SE | Dec. 31, 2025 | 1,177 | $210,365 | -7.9% |
| COST | Dec. 31, 2025 | 226 | $209,192 | 8.7% |
| SCCO | March 31, 2025 | 2,263 | $206,227 | 114.2% |
| HIMS | Dec. 31, 2025 | 3,629 | $205,837 | 1.3% |
| AFL | March 31, 2026 | 1,826 | $201,353 | 5.7% |
| COST | June 30, 2026 | 201 | $200,282 | 0.2% |