SEC 13F Intelligence

Managers / Q2 2023 · view latest →

HS Management Partners, LLC

CIK 0001455253 · 540 MADISON AVENUE, 24TH FLOOR, NEW YORK, NY, 10022 · 212-888-0060

Reported Value
$2.3B
Q2 2023
Positions
22
Filings on Record
32
2019–present window
Filed
Aug 11, 2023
original filing

Summary

Hs Management Partners, LLC reported $2.3B in U.S.-listed holdings across 22 positions for Q2 2023.

Its largest position, SCHW, represents 6.5% of the portfolio.

Compared with Q1 2023, the fund opened 2 new positions and exited 2.

Portfolio Metrics

Turnover
+13.4%
vs prior filed quarter
Top-10 Concentration
+55.2%
share of reported value
Largest Position
+6.5%
Schwab Charles
New / Exited
2 / 2
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $2.8BQ4 ’18Q1 ’19: $3.0BQ2 ’19: $3.0BQ3 ’19: $3.0BQ4 ’19: $3.1BQ4 ’19Q1 ’20: $2.3BQ2 ’20: $2.7BQ3 ’20: $3.0BQ4 ’20: $3.3BQ4 ’20Q1 ’21: $3.4BQ2 ’21: $3.6BQ3 ’21: $3.5BQ4 ’21: $3.8BQ4 ’21Q1 ’22: $3.5BQ2 ’22: $2.8BQ3 ’22: $2.2BQ4 ’22: $2.2BQ4 ’22Q1 ’23: $2.3BQ2 ’23: $2.3BQ3 ’23: $2.1BQ4 ’23: $2.2BQ4 ’23Q1 ’24: $2.2BQ2 ’24: $1.8BQ3 ’24: $1.6BQ4 ’24: $1.5BQ4 ’24Q1 ’25: $1.2BQ2 ’25: $1.2BQ3 ’25: $770MQ4 ’25: $469MQ4 ’25Q1 ’26: $286Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 96.0%ADR: 4.0%
  • Common Stock · 96.0% · $2.2B
  • ADR · 4.0% · $93M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
PYPLPAYPAL HLDGS INCNEW+1.63M1.63M+$109M$109M
BLKCHFBLACKROCK INCNEW+145.3K145.3K+$100M$100M
HDHOME DEPOT INCSOLD OUT−185.7K0−$55M$0
ELLAUDER ESTEE COS INCSOLD OUT−187.2K0−$46M$0
SBUXSTARBUCKS CORPADDED+229.5K679.3K+$20M$67M
NKENIKE INCADDED+323.1K1.17M+$25M$129M
MSFTMICROSOFT CORPTRIMMED−143.7K252.6K−$28M$86M
UPSUNITED PARCEL SERVICE INCTRIMMED−222.8K413.3K−$49M$74M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q2 2023

22 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1SCHWSCHWAB CHARLES CORPhistory →COM6.52%$151M2.66M
2SLBSCHLUMBERGER LTDhistory →COM STK6.42%$148M3.02M
3YUMYUM BRANDS INChistory →COM5.57%$129M929.7K
4NKENIKE INChistory →CL B5.56%$129M1.17M
5PEPPEPSICO INChistory →COM5.44%$126M679.2K
6RLRALPH LAUREN CORPhistory →CL A5.24%$121M982.9K
7LMTLOCKHEED MARTIN CORPhistory →COM5.15%$119M259.1K
8MDLZMONDELEZ INTL INChistory →CL A5.14%$119M1.63M
9DKSDICKS SPORTING GOODS INChistory →COM5.11%$118M894.0K
10PGPROCTER AND GAMBLE COhistory →COM5.05%$117M770.6K
11PYPLPAYPAL HLDGS INChistory →COM4.71%$109M1.63M
12GOOGALPHABET INChistory →CAP STK CL C4.51%$104M862.4K
13MARMARRIOTT INTL INC NEWhistory →CL A4.36%$101M548.7K
14BLKCHFBLACKROCK INChistory →COM4.34%$100M145.3K
15KOCOCA COLA COhistory →COM4.28%$99M1.64M
16DGEDDIAGEO PLChistory →SPON ADR NEW4.04%$93M539.0K
17MSFTMICROSOFT CORPhistory →COM3.72%$86M252.6K
18MCDMCDONALDS CORPhistory →COM3.50%$81M271.8K
19UPSUNITED PARCEL SERVICE INChistory →CL B3.20%$74M413.3K
20WSMWILLIAMS SONOMA INChistory →COM2.99%$69M552.7K
21SBUXSTARBUCKS CORPhistory →COM2.91%$67M679.3K
22VVISA INChistory →COM CL A2.26%$52M219.9K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$286M24Apr 27, 202613F-HRchanges · EDGAR ↗
Q4 2025$469M24Feb 9, 202613F-HRchanges · EDGAR ↗
Q3 2025$770M25Oct 23, 202513F-HRchanges · EDGAR ↗
Q2 2025$1.2B25Jul 22, 2025RESTATEMENTchanges · EDGAR ↗
Q1 2025$1.2B23May 5, 202513F-HRchanges · EDGAR ↗
Q4 2024$1.5B23Feb 6, 202513F-HRchanges · EDGAR ↗
Q3 2024$1.6B23Oct 29, 202413F-HRchanges · EDGAR ↗
Q2 2024$1.8B22Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$2.2B23Apr 16, 202413F-HRchanges · EDGAR ↗
Q4 2023$2.2B21Jan 11, 202413F-HRchanges · EDGAR ↗
Q3 2023$2.1B22Oct 5, 202313F-HRchanges · EDGAR ↗
Q2 2023$2.3B22Aug 11, 202313F-HRchanges · EDGAR ↗
Q1 2023$2.3B22May 12, 202313F-HRchanges · EDGAR ↗
Q4 2022$2.2B23Feb 13, 202313F-HRchanges · EDGAR ↗
Q3 2022$2.2B24Nov 10, 202213F-HRchanges · EDGAR ↗
Q2 2022$2.8B24Aug 12, 202213F-HRchanges · EDGAR ↗
Q1 2022$3.5B24May 12, 202213F-HRchanges · EDGAR ↗
Q4 2021$3.8B25Feb 11, 202213F-HRchanges · EDGAR ↗
Q3 2021$3.5B24Nov 12, 202113F-HRchanges · EDGAR ↗
Q2 2021$3.6B24Aug 13, 202113F-HRchanges · EDGAR ↗
Q1 2021$3.4B24May 13, 202113F-HRchanges · EDGAR ↗
Q4 2020$3.3B23Feb 12, 202113F-HRchanges · EDGAR ↗
Q3 2020$3.0B24Nov 13, 202013F-HRchanges · EDGAR ↗
Q2 2020$2.7B21Aug 13, 202013F-HRchanges · EDGAR ↗
Q1 2020$2.3B21May 14, 202013F-HRchanges · EDGAR ↗
Q4 2019$3.1B21Feb 13, 202013F-HRchanges · EDGAR ↗
Q3 2019$3.0B23Nov 13, 201913F-HRchanges · EDGAR ↗
Q2 2019$3.0B24Aug 13, 201913F-HRchanges · EDGAR ↗
Q1 2019$3.0B23May 14, 201913F-HRchanges · EDGAR ↗
Q4 2018$2.8B22Feb 13, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.