# HMS Capital Management, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1689470. Source: https://holderbook.com/funds/1689470-hms-capital-management-llc/

- Reported value: $267.4M
- Positions: 120
- Weight of the ten largest: 50.4%
- Filed: 2026-07-21

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $39.1M | 52,350 | 14.6% | 31 |
| ISHARES TR | [LQD](https://holderbook.com/stocks/LQD/) | $16.6M | 152,632 | 6.2% | 13 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $15.5M | 149,005 | 5.8% | 5 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $14.9M | 20,173 | 5.6% | 31 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $14.0M | 12,115 | 5.2% | 14 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $8.3M | 41,317 | 3.1% | 14 |
| FIRST TR EXCHANGE TRADED FD | [GRID](https://holderbook.com/stocks/GRID/) | $7.6M | 39,884 | 2.9% | 2 |
| SPDR SERIES TRUST | [CWB](https://holderbook.com/stocks/CWB/) | $7.1M | 65,653 | 2.6% | 6 |
| ISHARES TR | [EEM](https://holderbook.com/stocks/EEM/) | $6.5M | 95,374 | 2.4% | 2 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $5.1M | 13,537 | 1.9% | 27 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $5.1M | 5,005 | 1.9% | 25 |
| ISHARES TR | [IWD](https://holderbook.com/stocks/IWD/) | $5.0M | 20,600 | 1.9% | 22 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $4.9M | 8,414 | 1.8% | 6 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $4.4M | 12,430 | 1.7% | 31 |
| ISHARES TR | [MUB](https://holderbook.com/stocks/MUB/) | $4.1M | 38,318 | 1.5% | 20 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $4.0M | 13,804 | 1.5% | 31 |
| SELECT SECTOR SPDR TR | [XLE](https://holderbook.com/stocks/XLE/) | $3.5M | 66,197 | 1.3% | 23 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $3.4M | 9,202 | 1.3% | 31 |
| ISHARES TR | [HYG](https://holderbook.com/stocks/HYG/) | $3.3M | 40,716 | 1.2% | 14 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $3.2M | 13,480 | 1.2% | 31 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $3.1M | 9,506 | 1.2% | 31 |
| MCKESSON CORP | [MCK](https://holderbook.com/stocks/MCK/) | $2.9M | 3,784 | 1.1% | 18 |
| ISHARES TR | [IWP](https://holderbook.com/stocks/IWP/) | $2.8M | 19,030 | 1.0% | 10 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $2.5M | 43,421 | 0.9% | 10 |
| PARKER-HANNIFIN CORP | [PH](https://holderbook.com/stocks/PH/) | $2.4M | 2,504 | 0.9% | 11 |
| GLOBAL X FDS | [AIQ](https://holderbook.com/stocks/AIQ/) | $2.4M | 36,678 | 0.9% | 7 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $2.3M | 4,052 | 0.9% | 13 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $2.2M | 3,197 | 0.8% | 21 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $2.2M | 17,484 | 0.8% | 21 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $2.0M | 1,657 | 0.7% | 6 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $1.9M | 10,807 | 0.7% | 22 |
| HCA HEALTHCARE INC | [HCA](https://holderbook.com/stocks/HCA/) | $1.9M | 4,774 | 0.7% | 18 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $1.8M | 24,796 | 0.7% | 13 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $1.7M | 14,958 | 0.6% | 10 |
| WASTE MGMT INC DEL | [WM](https://holderbook.com/stocks/WM/) | $1.6M | 7,174 | 0.6% | 22 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $1.6M | 3,031 | 0.6% | 31 |
| MOTOROLA SOLUTIONS INC | [MSI](https://holderbook.com/stocks/MSI/) | $1.5M | 3,619 | 0.6% | 22 |
| COMFORT SYS USA INC | [FIX](https://holderbook.com/stocks/FIX/) | $1.5M | 742 | 0.5% | 13 |
| CADENCE DESIGN SYSTEM INC | [CDNS](https://holderbook.com/stocks/CDNS/) | $1.4M | 3,831 | 0.5% | 10 |
| UNITED RENTALS INC | [URI](https://holderbook.com/stocks/URI/) | $1.4M | 1,263 | 0.5% | 6 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $1.4M | 7,705 | 0.5% | 25 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $1.3M | 16,339 | 0.5% | 10 |
| AMEREN CORP | [AEE](https://holderbook.com/stocks/AEE/) | $1.3M | 11,312 | 0.5% | 2 |
| STERLING INFRASTRUCTURE INC | [STRL](https://holderbook.com/stocks/STRL/) | $1.3M | 1,508 | 0.5% | 13 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $1.2M | 8,184 | 0.4% | 31 |
| MACOM TECH SOLUTIONS HLDGS I | [MTSI](https://holderbook.com/stocks/MTSI/) | $1.2M | 3,147 | 0.4% | 7 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $1.2M | 3,781 | 0.4% | 10 |
| CURTISS WRIGHT CORP | [CW](https://holderbook.com/stocks/CW/) | $1.2M | 1,567 | 0.4% | 10 |
| CARPENTER TECHNOLOGY CORP | [CRS](https://holderbook.com/stocks/CRS/) | $1.1M | 1,853 | 0.4% | 6 |
| STEEL DYNAMICS INC | [STLD](https://holderbook.com/stocks/STLD/) | $1.1M | 4,818 | 0.4% | 6 |
| FORTINET INC | [FTNT](https://holderbook.com/stocks/FTNT/) | $1.1M | 6,874 | 0.4% | 31 |
| MONOLITHIC PWR SYS INC | [MPWR](https://holderbook.com/stocks/MPWR/) | $1.1M | 763 | 0.4% | 31 |
| CELESTICA INC | [CLS](https://holderbook.com/stocks/CLS/) | $1.0M | 2,878 | 0.4% | 6 |
| NOVA LTD | [NVMI](https://holderbook.com/stocks/NVMI/) | $1.0M | 1,928 | 0.4% | 14 |
| WYNN RESORTS LTD | [WYNN](https://holderbook.com/stocks/WYNN/) | $1.0M | 10,371 | 0.4% | 2 |
| CARNIVAL CORP LTD | [CCL](https://holderbook.com/stocks/CCL/) | $1.0M | 35,021 | 0.4% | 1 |
| NVENT ELEC PLC | [NVT](https://holderbook.com/stocks/NVT/) | $989.3K | 5,833 | 0.4% | 12 |
| ISHARES TR | [IJK](https://holderbook.com/stocks/IJK/) | $979.5K | 8,337 | 0.4% | 11 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $958.1K | 3,544 | 0.4% | 18 |
| ALCOA CORP | [AA](https://holderbook.com/stocks/AA/) | $942.3K | 18,073 | 0.4% | 6 |
| SHARKNINJA INC | [SN](https://holderbook.com/stocks/SN/) | $920.2K | 6,043 | 0.3% | 9 |
| VISTRA CORP | [VST](https://holderbook.com/stocks/VST/) | $916.1K | 5,775 | 0.3% | 2 |
| ESCO TECHNOLOGIES INC | [ESE](https://holderbook.com/stocks/ESE/) | $848.9K | 2,425 | 0.3% | 2 |
| ISHARES TR | [IVW](https://holderbook.com/stocks/IVW/) | $828.5K | 6,024 | 0.3% | 31 |
| US FOODS HLDG CORP | [USFD](https://holderbook.com/stocks/USFD/) | $804.9K | 7,872 | 0.3% | 13 |
| LIGAND PHARMACEUTICALS INC | [LGND](https://holderbook.com/stocks/LGND/) | $796.5K | 2,520 | 0.3% | 1 |
| TECHNIPFMC PLC | [FTI](https://holderbook.com/stocks/FTI/) | $793.8K | 11,972 | 0.3% | 8 |
| ALAMOS GOLD INC | [AGI](https://holderbook.com/stocks/AGI/) | $780.4K | 25,721 | 0.3% | 9 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $761.6K | 1,017 | 0.3% | 31 |
| T-MOBILE US INC | [TMUS](https://holderbook.com/stocks/TMUS/) | $688.0K | 4,102 | 0.3% | 2 |
| UNITED THERAPEUTICS CORP DEL | [UTHR](https://holderbook.com/stocks/UTHR/) | $681.6K | 1,258 | 0.3% | 8 |
| JACOBS SOLUTIONS INC | [J](https://holderbook.com/stocks/J/) | $680.1K | 5,397 | 0.3% | 16 |
| CONSTRUCTION PARTNERS INC | [ROAD](https://holderbook.com/stocks/ROAD/) | $660.7K | 5,563 | 0.2% | 8 |
| SOLARIS ENERGY INFRAS INC | [SEI](https://holderbook.com/stocks/SEI/) | $650.5K | 8,085 | 0.2% | 1 |
| CLEAN HARBORS INC | [CLH](https://holderbook.com/stocks/CLH/) | $623.5K | 2,087 | 0.2% | 13 |
| SKYWARD SPECIALTY INS GROUP | [SKWD](https://holderbook.com/stocks/SKWD/) | $615.9K | 10,555 | 0.2% | 9 |
| AMERICAN HEALTHCARE REIT INC | [AHR](https://holderbook.com/stocks/AHR/) | $615.6K | 11,805 | 0.2% | 5 |
| ROCKET COS INC | [RKT](https://holderbook.com/stocks/RKT/) | $572.7K | 36,365 | 0.2% | 3 |
| IREN LIMITED | [IREN](https://holderbook.com/stocks/IREN/) | $547.3K | 11,967 | 0.2% | 4 |
| TEXAS ROADHOUSE INC | [TXRH](https://holderbook.com/stocks/TXRH/) | $545.2K | 2,821 | 0.2% | 13 |
| CSW INDUSTRIALS INC | [CSW](https://holderbook.com/stocks/CSW/) | $544.3K | 1,956 | 0.2% | 9 |
| PINNACLE FINL PARTNERS INC | [PNFP](https://holderbook.com/stocks/PNFP/) | $530.6K | 5,260 | 0.2% | 2 |
| ARCHROCK INC | [AROC](https://holderbook.com/stocks/AROC/) | $530.0K | 13,018 | 0.2% | 6 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $525.8K | 2,760 | 0.2% | 15 |
| HALOZYME THERAPEUTICS INC | [HALO](https://holderbook.com/stocks/HALO/) | $497.7K | 6,359 | 0.2% | 2 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $495.2K | 2,093 | 0.2% | 31 |
| COPART INC | [CPRT](https://holderbook.com/stocks/CPRT/) | $493.9K | 17,521 | 0.2% | 28 |
| ISHARES TR | [IWR](https://holderbook.com/stocks/IWR/) | $484.6K | 4,393 | 0.2% | 31 |
| BANCORP INC DEL | [TBBK](https://holderbook.com/stocks/TBBK/) | $479.1K | 7,648 | 0.2% | 8 |
| ARISTA NETWORKS INC | [ANET](https://holderbook.com/stocks/ANET/) | $467.2K | 2,750 | 0.2% | 7 |
| VIKING HOLDINGS LTD | [VIK](https://holderbook.com/stocks/VIK/) | $425.6K | 4,066 | 0.2% | 5 |
| OKLO INC | [OKLO](https://holderbook.com/stocks/OKLO/) | $421.5K | 8,055 | 0.2% | 2 |
| HOWMET AEROSPACE INC | [HWM](https://holderbook.com/stocks/HWM/) | $402.0K | 1,495 | 0.2% | 5 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $392.8K | 2,873 | 0.1% | 17 |
| PIPER SANDLER COMPANIES | [PIPR](https://holderbook.com/stocks/PIPR/) | $391.5K | 5,412 | 0.1% | 2 |
| SITIME CORP | [SITM](https://holderbook.com/stocks/SITM/) | $390.7K | 524 | 0.1% | 1 |
| PAYPAL HLDGS INC | [PYPL](https://holderbook.com/stocks/PYPL/) | $385.4K | 8,926 | 0.1% | 2 |
| NATIONAL FUEL GAS CO | [NFG](https://holderbook.com/stocks/NFG/) | $360.2K | 4,665 | 0.1% | 6 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $357.1K | 965 | 0.1% | 31 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $355.8K | 3,584 | 0.1% | 31 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| 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% |
| Q3 2024 | +4.5% | +5.4% | -0.9% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $267.4M | 120 |
| Q1 2026 | $258.5M | 113 |
| Q4 2025 | $241.7M | 103 |
| Q3 2025 | $237.8M | 107 |
| Q2 2025 | $222.5M | 105 |
| Q1 2025 | $180.3M | 104 |
| Q4 2024 | $206.9M | 107 |
| Q3 2024 | $204.0M | 108 |
| Q2 2024 | $191.9M | 108 |
| Q1 2024 | $180.5M | 107 |
| Q4 2023 | $162.7M | 108 |
| Q3 2023 | $151.1M | 107 |