HMI Capital Management, L.P.: COUPANG INC (CPNG): Quarterly 13F Position History
As of Q1 2026, HMI Capital Management, L.P. reported 5,881,100 shares of COUPANG INC (CPNG), worth $111.0M and representing 14.7% of its 13F equity book. Quarter-over-quarter share count change: 875,000 (-13.0%) . The position first appeared in Q4 2023 and has been disclosed across 10 13F-HR filings in Pactolio's tracked window.
- 5,881,100Shares Held (Latest Filing)
- $111.0MReported Market Value (Latest Filing)
- 14.7%Portfolio Weight (% of 13F Equity Book)
- 875,000Quarter-over-Quarter Share Change
- -$48.3MQuarter-over-Quarter Value Change
- 12,944,897Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 10 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q1 2026 | 5,881,100 | 875,000 | -13.0% | $111.0M | 14.7% | $18.9 |
| Q4 2025 | 6,756,100 | 1,771,400 | -20.8% | $159.4M | 13.1% | $23.6 |
| Q3 2025 | 8,527,500 | 932,500 | -9.9% | $274.6M | 15.9% | $32.2 |
| Q2 2025 | 9,460,000 | 1,919,652 | -16.9% | $283.4M | 16.1% | $30.0 |
| Q1 2025 | 11,379,652 | 282,846 | -2.4% | $249.6M | 13.6% | $21.9 |
| Q4 2024 | 11,662,498 | +470,000 | +4.2% | $256.3M | 12.9% | $22.0 |
| Q3 2024 | 11,192,498 | 1,752,399 | -13.5% | $274.8M | 11.4% | $24.6 |
| Q2 2024 | 12,944,897 | +2,172,097 | +20.2% | $271.2M | 10.3% | $20.9 |
| Q1 2024 | 10,772,800 | +8,851,707 | +460.8% | $191.6M | 7.1% | $17.8 |
| Q4 2023 | 1,921,093 | — | — | $31.1M | 1.3% | $16.2 |
Methodology & FAQ
How This Position History Is Sourced
Each row is one SEC Form 13F-HR filing disclosing this position. Share count, market value, and reported quarter are taken verbatim from the filing; portfolio weight is recomputed against the same filing's total reported equity book. Implied price-per-share is market value divided by shares — a quarter-end mark, not the manager's cost basis. See the full methodology document for the normalization rules.
When did HMI Capital Management, L.P. first disclose a CPNG position in 13F-HR filings?
HMI Capital Management, L.P. first reported COUPANG INC (CPNG) on its 13F-HR filing for the period ending 2023-12-31 (Q4 2023). The position has appeared on 10 reported quarters within Pactolio's tracked window.
What was HMI Capital Management, L.P.'s most recent quarter-over-quarter share-count change in CPNG?
Between Q4 2025 and Q1 2026, HMI Capital Management, L.P. reduced its CPNG position by 875,000 shares (-13.0%), leaving 5,881,100 shares at a market value of $111.0M.
Does the implied price-per-share represent HMI Capital Management, L.P.'s cost basis in CPNG?
No. The implied price-per-share column is the 13F-HR reported market value divided by reported share count on the filing date (end of quarter). It is a quarter-end mark, not a cost basis or transaction price. Use it as a sanity check on the value column, not as an indicator of the manager's entry or exit price.