HC
HMS Capital Management, LLC SEC 13F Filing (Q2 2026) — Holdings & Portfolio
HMS Capital Management, LLCCIK: 0001689470
Diversified strategyMomentum followerQuality / disciplined sizing
Total reported value
$267.4M
Reporting period: 2026-06-30 · Number of holdings: 120
HMS Capital Management, LLC disclosed 120 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $267.4M and a quarterly turnover rate of 27.9%.
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Personality snowflake
- Concentration
- 16.84
- Portfolio Stability
- 27.9
- Momentum
- 100
- Sector conviction
- 66.38
- Diversification
- 100
- Sizing Uniformity
- 79.79
HMS Capital Management, LLC's disclosed holdings carry a Herfindahl concentration index of 0.042 — mathematically equivalent to about 24 equally-sized positions, well below its 120 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 2.02), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 47% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govTrim SPY
-47.5% -$25.8M
Add MU
-11.7% $9.3M
Add AMD
-3.2% $3.1M
Add QQQ
-1.5% $3.0M
Add MUB
+75.9% $1.8M
New buy G2004J103
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 14.62% | -10.48% | -47.53% | |
| 2 | LQD | Ishr Ibx Usd Invgd Cb Etf-ui | ETF-Corp Bonds | 6.23% | -0.15% | +0.82% | |
| 3 | EFA | Ishares Msci Eafe ETF | ETF-Other | 5.79% | +0.18% | -0.13% | |
| 4 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 5.56% | +0.99% | -1.49% | |
| 5 | MU | Micron Technology Inc | Stock-Tech | 5.23% | +3.44% | -11.71% | |
| 6 | NVDA | Nvidia CORP | Stock-Tech | 3.09% | +0.27% | -1.33% | |
| 7 | GRID | First Trst Nasd Cl Edg Sgiif | ETF-Other | 2.86% | +0.30% | -1.45% | |
| 8 | CWB | Ss Spdr Bb Conv Sec ETF | ETF-Other | 2.65% | +0.29% | -1.67% | |
| 9 | EEM | Ishares Msci Emerging Market | ETF-Emerging Markets | 2.44% | +0.34% | -0.45% | |
| 10 | AVGO | Broadcom Inc | Stock-Tech | 1.91% | +0.24% | -2.87% | |
| 11 | GS | Goldman Sachs Group Inc | Stock-Financials | 1.89% | +0.24% | -0.77% | |
| 12 | IWD | Ishares Russell 1000 Value E | ETF-Other | 1.87% | +0.22% | +2.95% | |
| 13 | AMD | Advanced Micro Devices | Stock-Tech | 1.83% | +1.15% | -3.24% | |
| 14 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 1.66% | +0.27% | -0.70% | |
| 15 | MUB | Ishares National Muni Bond E | ETF-Other | 1.54% | +0.65% | +75.86% | |
| 16 | AAPL | Apple Inc | Stock-Tech | 1.49% | +0.09% | -2.98% | |
| 17 | XLE | Ss Energy Select Sector | ETF-Other | 1.31% | -0.28% | -1.91% | |
| 18 | MSFT | Microsoft CORP | Stock-Tech | 1.28% | -0.11% | -5.44% | |
| 19 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | ETF-High Yield | 1.22% | -0.02% | +1.26% | |
| 20 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 1.20% | +0.09% | -1.79% | |
| 21 | JPM | Jpmorgan Chase & Co | Stock-Financials | 1.16% | +0.06% | -1.52% | |
| 22 | MCK | Mckesson CORP | Stock-Healthcare | 1.07% | -0.21% | -1.36% | |
| 23 | IWP | Ishares Russell Mid-cap Grow | ETF-Other | 1.04% | +0.11% | +0.97% | |
| 24 | BAC | Bank Of America CORP | Stock-Financials | 0.93% | +0.09% | -2.40% | |
| 25 | PH | Parker Hannifin CORP | Stock-Industrials | 0.92% | +0.04% | -0.99% | |
| 26 | AIQ | Global X Art Intel & Tech | ETF-Tech | 0.90% | +0.22% | -3.04% | |
| 27 | META | Meta Platforms Inc-class A | Stock-Comm Services | 0.85% | -0.05% | -0.20% | |
| 28 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 0.82% | +0.18% | +14.79% | |
| 29 | IWF | Ishares Russell 1000 Growth | ETF-Other | 0.81% | +0.09% | +300.00% | |
| 30 | LLY | Eli Lilly & Co | Stock-Healthcare | 0.74% | +0.14% | -1.95% | |
| 31 | BKNG | Booking Holdings Inc | Stock-Consumer Disc | 0.72% | — | +2361.73% | |
| 32 | HCA | Hca Healthcare Inc | Stock-Healthcare | 0.70% | -0.18% | -0.60% | |
| 33 | NFLX | Netflix Inc | Stock-Comm Services | 0.66% | -0.28% | -2.37% | |
| 34 | WMT | Walmart Inc | Stock-Consumer Staples | 0.63% | -0.09% | +0.05% | |
| 35 | WM | Waste Management Inc | Stock-Industrials | 0.60% | -0.05% | -1.33% | |
| 36 | MA | Mastercard Inc - A | Stock-Financials | 0.58% | -0.01% | -0.33% | |
| 37 | MSI | Motorola Solutions Inc | Stock-Tech | 0.56% | -0.06% | -2.66% | |
| 38 | FIX | Comfort Systems USA Inc | Stock-Industrials | 0.55% | +0.14% | -3.39% | |
| 39 | CDNS | Cadence Design Sys Inc | Stock-Tech | 0.54% | +0.11% | -3.16% | |
| 40 | URI | United Rentals Inc | Stock-Industrials | 0.54% | +0.18% | -2.40% | |
| 41 | QCOM | Qualcomm Inc | Stock-Tech | 0.53% | +0.13% | -2.90% | |
| 42 | KO | Coca-cola Co/the | Stock-Consumer Staples | 0.50% | +0.01% | -1.20% | |
| 43 | AEE | Ameren Corporation | Stock-Utilities | 0.48% | -0.01% | -1.35% | |
| 44 | STRL | Sterling Infrastructure Inc | Stock-Industrials | 0.47% | +0.13% | -29.10% | |
| 45 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 0.45% | -0.01% | -0.92% | |
| 46 | MTSI | Macom Technology Solutions H | Stock-Tech | 0.45% | +0.18% | -1.01% | |
| 47 | SYK | Stryker CORP | Stock-Healthcare | 0.45% | -0.04% | -1.61% | |
| 48 | CW | Curtiss-wright CORP | Stock-Industrials | 0.44% | +0.03% | — | |
| 49 | CRS | Carpenter Technology | Stock-Industrials | 0.43% | +0.14% | -0.96% | |
| 50 | STLD | Steel Dynamics Inc | Stock-Materials | 0.41% | +0.07% | -2.59% |
1–50 of 120
Portfolio Performance
Performance for Q3 2026
+0.1%
Performance Last 4 Quarters
+27.4%
- Stdev
- +13.7%
- Beta
- +1.03
- Alpha
- +0.4%
- Max Drawdown
- -7.9%
- Annualized Perf
- +22.1%
- Batting Avg vs S&P
- +50%
- Sortino
- +3.33
- Stutzer
- +0.46
- Treynor
- +0.2
- Sterling
- +1.39
- Calmar
- +2.8
- Information Ratio
- +0.32
- Tracking Error
- +3.2%
- Stdev Down
- +6.3%
- Winning Months %
- +72.2%
- Losing Months %
- +27.8%
- Best 12 Months
- +39.6%
- Worst 12 Months
- +4.4%
- Efficiency Ratio
- +0.66
- Sharpe
- +1.53
- Stdev Sectors
- +10.9%
- Skewness
- +0.17
- Kurtosis
- -0.25
- Upside Potential
- +4.94
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 120 | $267.4M | 28 | ||
| 2026 Q1 | 115 | $258.5M | 38 | ||
| 2025 Q4 | 103 | $241.7M | 9 | ||
| 2025 Q3 | 107 | $237.8M | 38 | ||
| 2025 Q2 | 106 | $222.5M | 0 | ||
| 2025 Q1 | 104 | $180.3M | 100 | ||
| 2024 Q4 | 107 | $206.9M | 0 | ||
| 2024 Q3 | 108 | $204.0M | 0 | ||
| 2024 Q2 | 108 | $191.9M | 0 | ||
| 2024 Q1 | 107 | $180.5M | 0 | ||
| 2023 Q4 | 108 | $162.7M | 0 | ||
| 2023 Q3 | 107 | $151.1M | 0 | ||
| 2023 Q2 | 108 | $164.7M | 0 | ||
| 2023 Q1 | 103 | $158.7M | 0 | ||
| 2022 Q4 | 97 | $174.7M | 0 | ||
| 2022 Q3 | 115 | $164.8M | 0 | ||
| 2022 Q2 | 122 | $199.0M | 0 | ||
| 2022 Q1 | 120 | $239.0M | 0 | ||
| 2021 Q4 | 115 | $229.8M | 0 | ||
| 2021 Q3 | 120 | $212.6M | 0 | ||
| 2021 Q2 | 128 | $222.3M | 100 | ||
| 2021 Q1 | 126 | $236.1M | 51 | ||
| 2020 Q4 | 154 | $219.9M | 29 | ||
| 2020 Q3 | 158 | $257.6M | 23 | ||
| 2020 Q2 | 154 | $227.4M | 81 | ||
| 2020 Q1 | 80 | $102.7M | 83 | ||
| 2019 Q4 | 169 | $237.6M | 37 | ||
| 2019 Q3 | 270 | $268.8M | 38 | ||
| 2019 Q2 | 314 | $231.7M | 29 | ||
| 2019 Q1 | 270 | $234.8M | 77 | ||
| 2018 Q4 | 270 | $198.5M | 68 | ||
| 2018 Q3 | 270 | $201.7M | 45 | ||
| 2018 Q2 | 226 | $176.7M | 46 | ||
| 2018 Q1 | 225 | $150.5M | 46 | ||
| 2017 Q4 | 220 | $134.3M | 32 | ||
| 2017 Q3 | 209 | $117.2M | 27 | ||
| 2017 Q2 | 209 | $112.6M | 22 | ||
| 2017 Q1 | 177 | $110.1M | 51 | ||
| 2016 Q4 | 142 | $95.7M | 33 | ||
| 2016 Q3 | 123 | $100.2M | 0 |
Holding changes this quarter
HMS Capital Management, LLC's most significant position changes for 2026-06-30: New buy: Carnival CORP LTD F; Sold out: Carnival CORP LTD (CCL1EUR); New buy: Ligand Pharmaceuticals (LGND); New buy: Solaris Energy Infrastructur (SEI); Sold out: Ensign Group Inc/the (ENSG).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | MU | Micron Technology Inc | +3.4% | -11.71% | Trim |
| 2 | AMD | Advanced Micro Devices | +1.2% | -3.24% | Trim |
| 3 | QQQ | Invesco Qqq Trust Series 1 | +1% | -1.49% | Trim |
| 4 | MUB | Ishares National Muni Bond E | +0.7% | +75.86% | Add |
| 5 | ✓ | Carnival CORP LTD F | +0.4% | NEW | New buy |
| 6 | EEM | Ishares Msci Emerging Market | +0.3% | -0.45% | Trim |
| 7 | GRID | First Trst Nasd Cl Edg Sgiif | +0.3% | -1.45% | Trim |
| 8 | LGND | Ligand Pharmaceuticals | +0.3% | NEW | New buy |
| 9 | CWB | Ss Spdr Bb Conv Sec ETF | +0.3% | -1.67% | Trim |
| 10 | NVDA | Nvidia CORP | +0.3% | -1.33% | Trim |
| 11 | GOOGL | Alphabet Inc-cl A | +0.3% | -0.70% | Trim |
| 12 | AVGO | Broadcom Inc | +0.2% | -2.87% | Trim |
| 13 | GS | Goldman Sachs Group Inc | +0.2% | -0.77% | Trim |
| 14 | SEI | Solaris Energy Infrastructur | +0.2% | NEW | New buy |
| 15 | IWD | Ishares Russell 1000 Value E | +0.2% | +2.95% | Add |
| 16 | AIQ | Global X Art Intel & Tech | +0.2% | -3.04% | Trim |
| 17 | EFA | Ishares Msci Eafe ETF | +0.2% | -0.13% | Trim |
| 18 | VOO | Vanguard S&p 500 ETF | +0.2% | +14.79% | Add |
| 19 | FTNT | Fortinet Inc | +0.2% | — | Unchanged |
| 20 | MTSI | Macom Technology Solutions H | +0.2% | -1.01% | Trim |
| 21 | URI | United Rentals Inc | +0.2% | -2.40% | Trim |
| 22 | SITM | Sitime CORP | +0.2% | NEW | New buy |
| 23 | LLY | Eli Lilly & Co | +0.1% | -1.95% | Trim |
| 24 | FIX | Comfort Systems USA Inc | +0.1% | -3.39% | Trim |
| 25 | CRS | Carpenter Technology | +0.1% | -0.96% | Trim |
| 26 | QCOM | Qualcomm Inc | +0.1% | -2.90% | Trim |
| 27 | STRL | Sterling Infrastructure Inc | +0.1% | -29.10% | Trim |
| 28 | VBIL | Vanguard 0-3m T-bill ETF | +0.1% | NEW | New buy |
| 29 | IWP | Ishares Russell Mid-cap Grow | +0.1% | +0.97% | Add |
| 30 | CDNS | Cadence Design Sys Inc | +0.1% | -3.16% | Trim |
| 31 | NVT | nVent Electric plc | +0.1% | -1.02% | Trim |
| 32 | APH | Amphenol Corp-cl A | +0.1% | NEW | New buy |
| 33 | AAPL | Apple Inc | +0.1% | -2.98% | Trim |
| 34 | AMZN | Amazon.com Inc | +0.1% | -1.79% | Trim |
| 35 | IWF | Ishares Russell 1000 Growth | +0.1% | +300.00% | Add |
| 36 | BAC | Bank Of America CORP | +0.1% | -2.40% | Trim |
| 37 | SN | SharkNinja, Inc. | +0.1% | -1.00% | Trim |
| 38 | GEV | GE Vernova Inc | +0.1% | NEW | New buy |
| 39 | SJM | Jm Smucker Co/the | +0.1% | NEW | New buy |
| 40 | CMG | Chipotle Mexican Grill Inc | +0.1% | NEW | New buy |
| 41 | VGIT | Vanguard Intermediate-term T | +0.1% | NEW | New buy |
| 42 | STLD | Steel Dynamics Inc | +0.1% | -2.59% | Trim |
| 43 | EVR | Evercore Inc - A | +0.1% | NEW | New buy |
| 44 | JPM | Jpmorgan Chase & Co | +0.1% | -1.52% | Trim |
| 45 | MPWR | Monolithic Power Systems Inc | +0.1% | -0.78% | Trim |
| 46 | NVMI | Nova Ltd. | +0.1% | -1.03% | Trim |
| 47 | XLK | Ss Technology Select Sector | +0.1% | — | Unchanged |
| 48 | ESE | Esco Technologies Inc | +0.1% | -1.30% | Trim |
| 49 | SKWD | Skyward Specialty Insurance | +0.1% | -0.98% | Trim |
| 50 | PH | Parker Hannifin CORP | 0% | -0.99% | Trim |
1–50 of 124
Filing History
FAQ
What is HMS Capital Management, LLC and what type of investor is it?
HMS Capital Management, LLC is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $267.4M, spread across 120 disclosed positions.
What are HMS Capital Management, LLC's largest equity positions?
Based on the latest 13F filing, HMS Capital Management, LLC's top holdings by market value are:
1. Ss Spdr S&p 500 ETF Trust-us (SPY) — $39.1M (14.6%)
2. Ishr Ibx Usd Invgd Cb Etf-ui (LQD) — $16.6M (6.2%)
3. Ishares Msci Eafe ETF (EFA) — $15.5M (5.8%)
4. Invesco Qqq Trust Series 1 (QQQ) — $14.9M (5.6%)
5. Micron Technology Inc (MU) — $14.0M (5.2%)
What changes did HMS Capital Management, LLC make in its most recent portfolio filing?
In the latest reported quarter, HMS Capital Management, LLC made 108 notable position adjustments: 11 new positions were initiated, 16 existing holdings were added to, 77 positions were partially reduced, and 4 were completely exited. The largest of these moves: New buy: Carnival CORP LTD F; Sold out: Carnival CORP LTD (CCL1EUR); New buy: Ligand Pharmaceuticals (LGND); New buy: Solaris Energy Infrastructur (SEI); Sold out: Ensign Group Inc/the (ENSG)
What sectors does HMS Capital Management, LLC focus on?
HMS Capital Management, LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 41.4%
• Industrials: 12.1%
• Financials: 12.1%
• Health Care: 8.0%
• Consumer Discretionary: 7.5%
• Communication Services: 7.3%
Investment Profile
HMS Capital Management, LLC returned an annualized 22.1% over the trailing 36 months — outperforming the S&P 500 by 0.4 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 1.03 (roughly in line with the market) and a 50% quarterly batting average against the index.
Its portfolio is broadly diversified and moderately active, with 41.4% of the portfolio concentrated in Information Technology.
Its turnover score has risen from 0 to 28 over the past 4 quarters — a shift toward more active trading.
It has added to its IWD position over the past two quarters (+$2.7M, now $5.0M), while trimming MSFT over the same stretch (-$2.0M, still holding $3.4M).
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Developer Access
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REST API
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