HMS Capital Management, LLC
Reported holdings as of Q3 2026, from 32 quarterly filings.
Holdings
Download these holdings as CSV
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| STATE STR SPDR S&P 500 ETF T | SPY | $39.3M | 51,506 | +0.25pp | 32q | -1.6%-$643.7K | |
| ISHARES TR | LQD | $16.7M | 162,970 | +0.08pp | 14q | +6.8%+$1.1M | |
| ISHARES TR | EFA | $15.4M | 148,321 | +0.05pp | 6q | HELD | |
| INVESCO QQQ TR | QQQ | $14.6M | 19,778 | -0.02pp | 32q | -2.0%-$292.2K | |
| MICRON TECHNOLOGY INC | MU | $9.8M | 9,240 | -1.50pp | 15q | -23.7%-$3.1M | |
| NVIDIA CORPORATION | NVDA | $9.1M | 39,660 | +0.34pp | 15q | -4.0%-$378.4K | |
| FIRST TR EXCHANGE-TRADED FD | GRID | $7.9M | 44,574 | +0.13pp | 3q | +11.8%+$830.7K | |
| ISHARES TR | EEM | $7.1M | 106,281 | +0.25pp | 3q | +11.4%+$728.5K | |
| SPDR SERIES TRUST | CWB | $6.5M | 63,994 | -0.20pp | 7q | -2.5%-$167.9K | |
| ISHARES TR | IWD | $5.1M | 20,531 | +0.06pp | 23q | HELD | |
| BROADCOM INC | AVGO | $4.7M | 13,374 | -0.13pp | 28q | -1.2%-$57.2K | |
| ADVANCED MICRO DEVICES INC | AMD | $4.7M | 7,671 | -0.05pp | 7q | -8.8%-$454.5K | |
| APPLE INC | AAPL | $4.6M | 13,899 | +0.26pp | 32q | +0.7%+$31.6K | |
| ISHARES TR | MUB | $4.6M | 45,764 | +0.21pp | 21q | +19.4%+$752.8K | |
| MICROSOFT CORP | MSFT | $4.6M | 8,941 | +0.45pp | 32q | -2.8%-$133.9K | |
| ALPHABET INC | GOOGL | $4.4M | 12,781 | flat | 32q | +2.8%+$120.8K | |
| SELECT SECTOR SPDR TR | XLE | $4.0M | 65,172 | +0.20pp | 24q | -1.5%-$63.0K | |
| GOLDMAN SACHS GROUP INC | GS | $3.6M | 3,974 | -0.54pp | 26q | -20.6%-$928.3K | |
| AMAZON COM INC | AMZN | $3.4M | 13,650 | +0.09pp | 32q | +1.3%+$42.4K | |
| ISHARES TR | HYG | $3.2M | 41,270 | -0.01pp | 15q | +1.4%+$42.8K | |
| JPMORGAN CHASE & CO | JPM | $3.2M | 9,591 | +0.04pp | 32q | +0.9%+$28.1K | |
| MCKESSON CORP | MCK | $3.1M | 3,641 | +0.11pp | 19q | -3.8%-$122.1K | |
| META PLATFORMS INC | META | $2.9M | 4,057 | +0.26pp | 14q | HELD | |
| ISHARES TR | IWP | $2.6M | 19,081 | -0.05pp | 11q | HELD | |
| BANK OF AMER CORP | BAC | $2.5M | 45,744 | +0.02pp | 11q | +5.3%+$126.4K | |
| PARKER HANNIFIN CORP | PH | $2.4M | 2,479 | -0.02pp | 12q | -1.0%-$23.9K | |
| PALANTIR TECHNOLOGIES INC | PLTR | $2.3M | 12,450 | - | new | NEW | |
| VANGUARD INDEX FDS | VOO | $2.3M | 3,269 | +0.05pp | 22q | +2.3%+$50.5K | |
| ISHARES TR | IWF | $2.2M | 17,484 | +0.02pp | 22q | HELD | |
| HCA Healthcare, Inc. | HCA | $2.0M | 4,736 | +0.07pp | 19q | -0.8%-$16.2K | |
| ELI LILLY & CO | LLY | $1.9M | 1,666 | -0.01pp | 7q | +0.5%+$10.4K | |
| NETFLIX INC. | NFLX | $1.8M | 25,571 | +0.01pp | 14q | +3.1%+$53.9K | |
| BOOKING HOLDINGS INC | BKNG | $1.8M | 10,861 | -0.05pp | 23q | HELD | |
| WALMART INC | WMT | $1.7M | 16,543 | +0.02pp | 11q | +10.6%+$164.7K | |
| AMEREN CORP | AEE | $1.7M | 16,901 | +0.16pp | 3q | +49.4%+$555.4K | |
| MASTERCARD INCORPORATED | MA | $1.7M | 3,005 | +0.05pp | 32q | -0.9%-$14.3K | |
| MOTOROLA SOLUTIONS INC | MSI | $1.6M | 3,615 | +0.05pp | 23q | HELD | |
| INTERCONTINENTAL EXCHANGE IN | ICE | $1.6M | 10,450 | - | new | NEW | |
| QUALCOMM INC | QCOM | $1.5M | 8,416 | +0.05pp | 26q | +9.2%+$130.9K | |
| WASTE MGMT INC DEL | WM | $1.5M | 7,240 | -0.04pp | 23q | +0.9%+$13.5K | |
| CADENCE DESIGN SYSTEM INC | CDNS | $1.3M | 3,836 | -0.06pp | 11q | HELD | |
| UNITED RENTALS INC | URI | $1.2M | 1,240 | -0.07pp | 7q | -1.8%-$23.0K | |
| VISTRA CORP | VST | $1.2M | 8,720 | +0.11pp | 3q | +51.0%+$407.4K | |
| PROCTER & GAMBLE CO | PG | $1.2M | 8,033 | -0.01pp | 32q | -1.8%-$21.9K | |
| SHARKNINJA INC | SN | $1.1M | 5,966 | +0.06pp | 10q | -1.3%-$13.9K | |
| STEEL DYNAMICS INC | STLD | $1.0M | 4,707 | -0.02pp | 7q | -2.3%-$24.6K | |
| STRYKER CORPORATION | SYK | $1.0M | 3,771 | -0.05pp | 11q | HELD | |
| CELESTICA INC | CLS | $1.0M | 2,821 | -0.01pp | 7q | -2.0%-$20.6K | |
| MONOLITHIC PWR SYS INC | MPWR | $1.0M | 755 | -0.01pp | 32q | -1.0%-$10.8K | |
| COMFORT SYS USA INC | FIX | $947.0K | 573 | -0.19pp | 14q | -22.8%-$279.3K | |
| NVENT ELEC PLC | NVT | $899.5K | 5,609 | -0.03pp | 13q | -3.8%-$35.9K | |
| ISHARES TR | IJK | $862.9K | 7,873 | -0.04pp | 12q | -5.6%-$50.9K | |
| CARNIVAL CORP LTD | CCL | $858.9K | 34,999 | -0.05pp | 2q | HELD | |
| ISHARES TR | IVW | $857.0K | 6,024 | +0.01pp | 32q | HELD | |
| MACOM TECH SOLUTIONS HLDGS I | MTSI | $847.9K | 2,977 | -0.13pp | 8q | -5.4%-$48.4K | |
| CURTISS WRIGHT CORP | CW | $846.9K | 1,557 | -0.12pp | 11q | -0.6%-$5.4K | |
| MCDONALDS CORP | MCD | $838.3K | 3,630 | -0.04pp | 19q | +2.4%+$19.9K | |
| FORTINET INC | FTNT | $823.5K | 4,607 | -0.08pp | 32q | -33.0%-$405.2K | |
| WYNN RESORTS LTD | WYNN | $822.0K | 10,348 | -0.07pp | 3q | HELD | |
| ALAMOS GOLD INC | AGI | $787.2K | 24,303 | +0.01pp | 10q | -5.5%-$45.9K | |
| LIGAND PHARMACEUTICALS INC | LGND | $782.8K | 2,506 | flat | 2q | -0.6%-$4.4K | |
| ISHARES TR | IVV | $778.9K | 1,017 | +0.01pp | 32q | HELD | |
| ALCOA CORP | AA | $763.5K | 18,180 | -0.06pp | 7q | +0.6%+$4.5K | |
| JACOBS SOLUTIONS INC | J | $739.2K | 5,465 | +0.03pp | 17q | +1.3%+$9.2K | |
| STERLING INFRASTRUCTURE INC | STRL | $737.7K | 1,500 | -0.19pp | 14q | -0.5%-$3.9K | |
| NOVA LTD | NVMI | $730.3K | 1,896 | -0.11pp | 15q | -1.7%-$12.3K | |
| CARPENTER TECHNOLOGY CORP | CRS | $715.1K | 1,839 | -0.16pp | 7q | -0.8%-$5.4K | |
| US FOODS HLDG CORP | USFD | $708.2K | 7,680 | -0.03pp | 14q | -2.4%-$17.7K | |
| HINGE HEALTH INC | HNGE | $688.5K | 7,080 | - | new | NEW | |
| INTUITIVE SURGICAL INC | ISRG | $684.4K | 1,683 | - | new | NEW | |
| UNITED THERAPEUTICS CORP DEL | UTHR | $676.3K | 1,248 | flat | 9q | -0.8%-$5.4K | |
| T MOBILE US INC | TMUS | $667.4K | 4,093 | flat | 3q | HELD | |
| CLEAN HARBORS INC | CLH | $641.2K | 2,067 | +0.01pp | 14q | -1.0%-$6.2K | |
| HALOZYME THERAPEUTICS INC | HALO | $641.1K | 5,807 | +0.06pp | 3q | -8.7%-$60.9K | |
| TECHNIPFMC PLC | FTI | $634.3K | 9,339 | -0.06pp | 9q | -22.0%-$178.8K | |
| ESCO TECHNOLOGIES INC | ESE | $634.2K | 2,392 | -0.08pp | 3q | -1.4%-$8.7K | |
| SERVICENOW INC | NOW | $620.6K | 4,631 | +0.10pp | 32q | +29.2%+$140.3K | |
| COPART INC | CPRT | $620.4K | 22,742 | +0.05pp | 29q | +29.8%+$142.4K | |
| AMERICAN HEALTHCARE REIT INC | AHR | $600.3K | 11,711 | flat | 6q | -0.8%-$4.8K | |
| AFFILIATED MANAGERS GROUP | AMG | $584.6K | 1,599 | - | new | NEW | |
| SKYWARD SPECIALTY INS GROUP | SKWD | $552.8K | 10,470 | -0.02pp | 10q | -0.8%-$4.5K | |
| SELECT SECTOR SPDR TR | XLK | $507.4K | 2,592 | flat | 16q | -6.1%-$32.9K | |
| SOLARIS ENERGY INFRAS INC | SEI | $506.8K | 7,120 | -0.05pp | 2q | -11.9%-$68.7K | |
| EXXONMOBIL HOLDINGS CORP | XOM | $493.1K | 3,030 | - | new | NEW | |
| PINNACLE FINL PARTNERS INC | PNFP | $492.4K | 5,260 | -0.01pp | 3q | HELD | |
| CONSTRUCTION PARTNERS INC | ROAD | $475.4K | 5,280 | -0.07pp | 9q | -5.1%-$25.5K | |
| VANGUARD SPECIALIZED FUNDS | VIG | $474.6K | 2,034 | -0.01pp | 32q | -2.8%-$13.8K | |
| ISHARES TR | IWR | $468.8K | 4,393 | flat | 32q | HELD | |
| IREN LIMITED | IREN | $460.5K | 11,264 | -0.03pp | 5q | -5.9%-$28.7K | |
| BUNGE GLOBAL SA | BG | $455.1K | 4,255 | - | new | NEW | |
| PAYPAL HLDGS INC | PYPL | $451.7K | 8,598 | +0.03pp | 3q | -3.7%-$17.2K | |
| ACCENTURE PLC IRELAND | ACN | $443.9K | 2,421 | +0.08pp | 32q | +35.6%+$116.4K | |
| TEXAS ROADHOUSE INC | TXRH | $437.2K | 2,797 | -0.04pp | 14q | -0.9%-$3.8K | |
| ARISTA NETWORKS INC | ANET | $430.8K | 2,116 | -0.01pp | 8q | -23.1%-$129.1K | |
| ROCKET COS INC | RKT | $415.9K | 36,134 | -0.06pp | 4q | -0.6%-$2.7K | |
| ARCHROCK INC | AROC | $378.4K | 12,493 | -0.05pp | 7q | -4.0%-$15.9K | |
| CSW INDUSTRIALS INC | CSW | $366.1K | 1,271 | -0.06pp | 10q | -35.0%-$197.3K | |
| BANCORP INC DEL | TBBK | $364.3K | 7,564 | -0.04pp | 9q | -1.1%-$4.0K | |
| VANGUARD INDEX FDS | VTI | $361.1K | 965 | flat | 32q | HELD | |
| NATIONAL FUEL GAS CO | NFG | $350.2K | 4,617 | flat | 7q | -1.0%-$3.6K | |
| SOUTHERN COPPER CORP | SCCO | $340.4K | 1,680 | +0.02pp | 5q | +0.7%+$2.4K | |
| GLOBAL X FDS | AIQ | $317.8K | 4,877 | -0.78pp | 8q | -86.7%-$2.1M | |
| ADOBE INC | ADBE | $316.0K | 1,317 | +0.02pp | 3q | +5.6%+$16.8K | |
| SITIME CORP | SITM | $311.7K | 478 | -0.03pp | 2q | -8.8%-$30.0K | |
| VIKING HOLDINGS LTD | VIK | $301.1K | 3,844 | -0.05pp | 6q | -5.5%-$17.4K | |
| OKLO INC | OKLO | $300.5K | 8,117 | -0.04pp | 3q | +0.8%+$2.3K | |
| HOWMET AEROSPACE INC | HWM | $295.9K | 1,308 | -0.04pp | 6q | -12.5%-$42.3K | |
| AUTODESK INC | ADSK | $286.7K | 1,372 | +0.01pp | 3q | -0.8%-$2.3K | |
| VISA INC | V | $283.2K | 788 | +0.01pp | 12q | HELD | |
| GENUINE PARTS CO | GPC | $276.6K | 2,200 | +0.01pp | 7q | HELD | |
| NAVAN INC | NAVN | $272.6K | 12,986 | - | new | NEW | |
| TAIWAN SEMICONDUCTOR MANUFAC | TSM | $268.3K | 588 | flat | 3q | -1.2%-$3.2K | |
| OMADA HEALTH INC | OMDA | $267.0K | 12,831 | - | new | NEW | |
| AMPHENOL CORP | APH | $245.4K | 2,911 | flat | 2q | HELD | |
| SPDR SERIES TRUST | SJNK | $242.5K | 10,000 | - | new | NEW | |
| VANGUARD WHITEHALL FDS | VYM | $235.3K | 1,516 | - | new | NEW | |
| VANGUARD SCOTTSDALE FDS | VONG | $234.4K | 1,818 | - | new | NEW | |
| VERTEX PHARMACEUTICALS INC | VRTX | $225.3K | 431 | - | new | NEW | |
| BEONE MEDICINES LTD | ONC | $223.2K | 610 | - | new | NEW | |
| CARDINAL HEALTH INC | CAH | $220.7K | 992 | flat | 4q | HELD | |
| AMERICAN TOWER CORP | AMT | $217.1K | 1,326 | - | new | NEW | |
| DELL TECHNOLOGIES INC | DELL | $213.6K | 397 | - | new | NEW | |
| LINDE PLC | LIN | $212.6K | 448 | -0.01pp | 3q | HELD | |
| CHUBB LIMITED | CB | $210.1K | 646 | -0.05pp | 24q | -35.7%-$116.8K | |
| VANGUARD SCOTTSDALE FDS | VGIT | $207.8K | 3,667 | flat | 2q | +7.5%+$14.6K |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Funds & ETFs | $39.3M | 14.9% |
| Semiconductors & Electronics | $36.9M | 14.0% |
| Software & IT Services | $17.7M | 6.7% |
| Banks & Lending | $7.4M | 2.8% |
| Retail & Consumer | $7.0M | 2.7% |
| Computer Hardware | $6.1M | 2.3% |
| Capital Markets | $5.8M | 2.2% |
| Utilities | $5.3M | 2.0% |
| Industrials | $5.3M | 2.0% |
| Business Services | $4.9M | 1.9% |
| Biotech & Pharma | $4.5M | 1.7% |
| Wholesale & Distribution | $4.3M | 1.6% |
| Other sectors | $22.0M | 8.3% |
| Not classified | $97.7M | 37.0% |
What the disclosed book did
This is not the fund's return. A 13F shows long US equity positions only, so shorts, bonds, foreign listings, private holdings and cash are all invisible here. What this measures is the quarter's change in value of the positions this manager disclosed, had they been left untouched - the return a reader following the filing would have earned.
| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q3 2026 | -1.2% | +2.1% | -3.3% | 100% |
| Q2 2026 | +17.3% | +14.8% | +2.4% | 100% |
| Q1 2026 | -2.3% | -4.6% | +2.3% | 100% |
| Q4 2025 | +2.9% | +2.4% | +0.5% | 107% |
| Q3 2025 | +6.6% | +7.8% | -1.2% | 100% |
| Q2 2025 | +12.2% | +10.5% | +1.8% | 110% |
| Q1 2025 | -5.1% | -4.6% | -0.5% | 100% |
| Q4 2024 | +1.6% | +2.1% | -0.5% | 100% |
Market is SPY over the same two quarter ends, priced the same way as everything else here - the median across every filer reporting it. It is a large-cap US proxy, so a manager holding small caps or biotech will beat or trail it for reasons that are not skill. Prices are quarter-end to quarter-end and say nothing about the path in between, or about trades opened and closed inside a quarter.
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q3 2026 | $264.1M | 125 | 16 | 28 | 59 | 11 | 49.8% | 20 |
| Q2 2026 | $267.4M | 120 | 11 | 7 | 70 | 4 | 50.4% | 112 |
| Q1 2026 | $258.5M | 113 | 19 | 27 | 53 | 9 | 55.0% | 22 |
| Q4 2025 | $241.7M | 103 | 3 | 8 | 72 | 7 | 52.6% | 16 |
| Q3 2025 | $237.8M | 107 | 5 | 20 | 59 | 3 | 52.1% | 30 |
| Q2 2025 | $222.5M | 105 | 6 | 6 | 83 | 5 | 50.7% | 7 |
| Q1 2025 | $180.3M | 104 | 14 | 11 | 55 | 17 | 47.5% | 44 |
| Q4 2024 | $206.9M | 107 | 4 | 11 | 36 | 5 | 48.7% | 29 |
| Q3 2024 | $204.0M | 108 | 5 | 30 | 19 | 5 | 48.6% | 30 |
| Q2 2024 | $191.9M | 108 | 6 | 40 | 11 | 5 | 48.2% | 24 |
| Q1 2024 | $180.5M | 107 | 17 | 28 | 51 | 18 | 47.7% | 24 |
| Q4 2023 | $162.7M | 108 | 13 | 5 | 63 | 12 | 49.9% | 17 |
| Q3 2023 | $151.1M | 107 | 6 | 6 | 75 | 7 | 49.6% | 19 |
| Q2 2023 | $164.7M | 108 | 14 | 38 | 39 | 9 | 49.5% | 45 |
| Q1 2023 | $158.7M | 103 | 19 | 30 | 42 | 12 | 50.9% | 13 |
| Q4 2022 | $174.7M | 96 | 5 | 12 | 74 | 24 | 62.3% | 23 |
| Q3 2022 | $164.8M | 115 | 10 | 40 | 43 | 16 | 52.2% | 12 |
| Q2 2022 | $199.0M | 121 | 25 | 47 | 44 | 22 | 59.6% | 27 |
| Q1 2022 | $239.0M | 118 | 17 | 36 | 52 | 13 | 55.3% | 20 |
| Q4 2021 | $229.8M | 114 | 4 | 17 | 58 | 8 | 48.4% | 34 |
| Q3 2021 | $212.6M | 118 | 8 | 28 | 52 | 16 | 45.6% | 33 |
| Q2 2021 | $222.3M | 126 | 26 | 65 | 26 | 12 | 44.0% | 13 |
| Q1 2021 | $236.1M | 112 | 17 | 13 | 76 | 15 | 56.7% | 12 |
| Q4 2020 | $219.9M | 110 | 5 | 13 | 58 | 6 | 52.6% | 29 |
| Q3 2020 | $257.6M | 111 | 9 | 16 | 79 | 4 | 57.3% | 20 |
| Q2 2020 | $227.4M | 106 | 34 | 46 | 15 | 5 | 52.3% | 31 |
| Q1 2020 | $102.7M | 77 | 3 | 15 | 51 | 28 | 56.5% | 27 |
| Q4 2019 | $237.6M | 102 | 11 | 25 | 38 | 29 | 48.8% | 29 |
| Q3 2019 | $268.8M | 120 | 25 | 32 | 45 | 97 | 41.3% | 15 |
| Q2 2019 | $231.7M | 192 | 98 | 14 | 57 | 3 | 45.6% | 12 |
| Q1 2019 | $234.8M | 97 | 17 | 30 | 45 | 29 | 42.6% | 24 |
| Q4 2018 | $198.5M | 109 | 0 | 0 | 0 | 0 | 36.3% | 14 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.