HMI Capital Management, L.P.: NCINO INC (NCNO): Quarterly 13F Position History
As of Q1 2026, HMI Capital Management, L.P. reported 6,778,028 shares of NCINO INC (NCNO), worth $101.5M and representing 13.5% of its 13F equity book. Quarter-over-quarter share count change: + 2,055 (+0.0%) . The position first appeared in Q1 2022 and has been disclosed across 17 13F-HR filings in Pactolio's tracked window.
- 6,778,028Shares Held (Latest Filing)
- $101.5MReported Market Value (Latest Filing)
- 13.5%Portfolio Weight (% of 13F Equity Book)
- +2,055Quarter-over-Quarter Share Change
- -$72.2MQuarter-over-Quarter Value Change
- 8,166,425Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 17 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q1 2026 | 6,778,028 | +2,055 | +0.0% | $101.5M | 13.5% | $15.0 |
| Q4 2025 | 6,775,973 | 0 | — | $173.7M | 14.3% | $25.6 |
| Q3 2025 | 6,775,973 | 0 | — | $183.7M | 10.6% | $27.1 |
| Q2 2025 | 6,775,973 | +2,195 | +0.0% | $189.5M | 10.8% | $28.0 |
| Q1 2025 | 6,773,778 | 0 | — | $186.1M | 10.1% | $27.5 |
| Q4 2024 | 6,773,778 | 1,100,000 | -14.0% | $227.5M | 11.4% | $33.6 |
| Q3 2024 | 7,873,778 | +475,527 | +6.4% | $248.7M | 10.3% | $31.6 |
| Q2 2024 | 7,398,251 | +820,564 | +12.5% | $232.7M | 8.9% | $31.4 |
| Q1 2024 | 6,577,687 | 1,453,800 | -18.1% | $245.9M | 9.0% | $37.4 |
| Q4 2023 | 8,031,487 | 134,938 | -1.7% | $270.1M | 11.7% | $33.6 |
| Q3 2023 | 8,166,425 | 0 | — | $259.7M | 10.0% | $31.8 |
| Q2 2023 | 8,166,425 | 0 | — | $246.0M | 8.7% | $30.1 |
| Q1 2023 | 8,166,425 | +663,970 | +8.9% | $202.4M | 7.9% | $24.8 |
| Q4 2022 | 7,502,455 | 370,000 | -4.7% | $198.4M | 8.5% | $26.4 |
| Q3 2022 | 7,872,455 | 0 | — | $268.5M | 10.1% | $34.1 |
| Q2 2022 | 7,872,455 | +236,816 | +3.1% | $243.4M | 9.8% | $30.9 |
| Q1 2022 | 7,635,639 | — | — | $312.9M | 9.1% | $41.0 |
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 NCNO position in 13F-HR filings?
HMI Capital Management, L.P. first reported NCINO INC (NCNO) on its 13F-HR filing for the period ending 2022-03-31 (Q1 2022). The position has appeared on 17 reported quarters within Pactolio's tracked window.
What was HMI Capital Management, L.P.'s most recent quarter-over-quarter share-count change in NCNO?
Between Q4 2025 and Q1 2026, HMI Capital Management, L.P. added 2,055 shares of NCNO (+0.0%), bringing the total reported position to 6,778,028 shares at a market value of $101.5M.
Does the implied price-per-share represent HMI Capital Management, L.P.'s cost basis in NCNO?
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.