SEC 13F Intelligence

Managers / Q2 2025 · view latest →

HS Management Partners, LLC

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

Reported Value
$1.2B
Q2 2025
Positions
25
Filings on Record
32
2019–present window
Filed
Jul 22, 2025
amendment (RESTATEMENT)

Summary

Hs Management Partners, LLC reported $1.2B in U.S.-listed holdings across 25 positions for Q2 2025.

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

Compared with Q1 2025, the fund opened 2 new positions and exited 0.

Portfolio Metrics

Turnover
+8.8%
vs prior filed quarter
Top-10 Concentration
+55.6%
share of reported value
Largest Position
+6.5%
Paypal

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: 100.0%
  • Common Stock · 100.0% · $1.2B

Quarter-over-Quarter Changes full breakdown →

vs Q1 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
HDHOME DEPOT INCNEW+79.3K79.3K+$29M$29M
CARTMAPLEBEAR INCNEW+346.8K346.8K+$16M$16M
VVISA INC CL A COMMON STOCKTRIMMED−34.6K39.6K−$12M$14M
LULULULULEMON ATHLETICA INCTRIMMED−69.3K125.5K−$25M$30M
MCDMCDONALDS CORPTRIMMED−44.4K93.4K−$16M$27M
RLRALPH LAUREN CORP CL ATRIMMED−75.9K172.6K−$8M$47M
BKNGBOOKING HOLDINGS INCTRIMMED−3.1K10.5K−$2M$61M
KOCOCA-COLA COTRIMMED−270.9K921.1K−$20M$65M

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

Holdings — Q2 2025

25 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1PYPLPAYPAL HOLDINGS INChistory →COM6.54%$80M1.08M
2DISDISNEY WALT CO COMhistory →COM6.51%$80M642.9K
3GOOGALPHABET INC CL Chistory →COM6.15%$75M424.6K
4DKSDICKS SPORTING GOODS INChistory →COM5.78%$71M358.1K
5MSFTMICROSOFT CORPhistory →COM5.48%$67M135.1K
6KOCOCA-COLA COhistory →COM5.32%$65M921.1K
7UBERUBER TECHNOLOGIES INChistory →COM5.20%$64M682.8K
8BKNGBOOKING HOLDINGS INChistory →COM4.94%$61M10.5K
9AMZNAMAZON.COM INChistory →COM4.92%$60M274.6K
10METAMETA PLATFORMS INC - CL Ahistory →COM4.79%$59M79.6K
11GAPGAP INChistory →COM4.01%$49M2.26M
12RLRALPH LAUREN CORP CL Ahistory →COM3.86%$47M172.6K
13PEPPEPSICO INCORPORATEDhistory →COM3.82%$47M354.6K
14MATMATTEL INC COMhistory →COM3.80%$47M2.36M
15PGPROCTER & GAMBLEhistory →COM3.61%$44M277.9K
16NKENIKE INC CL Bhistory →COM3.50%$43M603.1K
17WSMWILLIAMS-SONOMA INChistory →COM3.44%$42M258.3K
18ABNBAIRBNBhistory →COM3.05%$37M282.8K
19DPZDOMINO'S PIZZA, INC.history →COM3.04%$37M82.8K
20SBUXSTARBUCKS CORPhistory →COM2.75%$34M367.3K
21LULULULULEMON ATHLETICA INChistory →COM2.43%$30M125.5K
22HDHOME DEPOT INChistory →COM2.37%$29M79.3K
23MCDMCDONALDS CORPhistory →COM2.23%$27M93.4K
24CARTMAPLEBEAR INChistory →COM1.28%$16M346.8K
25VVISA INC CL A COMMON STOCKhistory →COM1.15%$14M39.6K

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 ↗.