SEC 13F Intelligence

Managers / Q3 2025 · view latest →

HS Management Partners, LLC

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

Reported Value
$770M
Q3 2025
Positions
25
Filings on Record
32
2019–present window
Filed
Oct 23, 2025
original filing

Summary

Hs Management Partners, LLC reported $770M in U.S.-listed holdings across 25 positions for Q3 2025.

Its largest position, GOOG, represents 6.6% of the portfolio.

Portfolio Metrics

Turnover
+2.2%
vs prior filed quarter
Top-10 Concentration
+54.6%
share of reported value
Largest Position
+6.6%
Alphabet

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, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. 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% · $770M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
CARTMAPLEBEAR INCADDED+272.1K618.9K+$7M$23M
NKENIKE INC CL BTRIMMED−367.3K235.9K−$26M$16M
GAPGAP INCTRIMMED−1.26M996.2K−$28M$21M
DKSDICKS SPORTING GOODS INCTRIMMED−184.7K173.4K−$32M$39M
GOOGALPHABET INC CL CTRIMMED−214.5K210.1K−$24M$51M
RLRALPH LAUREN CORP CL ATRIMMED−86.5K86.1K−$20M$27M
WSMWILLIAMS-SONOMA INCTRIMMED−125.9K132.4K−$16M$26M
PEPPEPSICO INCORPORATEDTRIMMED−168.4K186.2K−$21M$26M

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

Holdings — Q3 2025

25 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1GOOGALPHABET INC CL Chistory →COM6.65%$51M210.1K
2DISDISNEY WALT CO COMhistory →COM6.38%$49M428.9K
3PYPLPAYPAL HOLDINGS INChistory →COM5.76%$44M661.3K
4AMZNAMAZON.COM INChistory →COM5.65%$43M198.0K
5MSFTMICROSOFT CORPhistory →COM5.49%$42M81.6K
6UBERUBER TECHNOLOGIES INChistory →COM5.35%$41M420.0K
7DKSDICKS SPORTING GOODS INChistory →COM5.01%$39M173.4K
8MCDMCDONALDS CORPhistory →COM4.86%$37M123.1K
9KOCOCA-COLA COhistory →COM4.82%$37M559.8K
10METAMETA PLATFORMS INC - CL Ahistory →COM4.66%$36M48.9K
11BKNGBOOKING HOLDINGS INChistory →COM4.12%$32M5.9K
12PGPROCTER & GAMBLEhistory →COM4.09%$31M204.8K
13RLRALPH LAUREN CORP CL Ahistory →COM3.51%$27M86.1K
14PEPPEPSICO INCORPORATEDhistory →COM3.40%$26M186.2K
15WSMWILLIAMS-SONOMA INChistory →COM3.36%$26M132.4K
16DPZDOMINO'S PIZZA, INC.history →COM3.34%$26M59.5K
17CARTMAPLEBEAR INChistory →COM2.96%$23M618.9K
18ABNBAIRBNBhistory →COM2.83%$22M179.6K
19SBUXSTARBUCKS CORPhistory →COM2.81%$22M255.5K
20GAPGAP INChistory →COM2.77%$21M996.2K
21MATMATTEL INC COMhistory →COM2.76%$21M1.26M
22VVISA INC CL A COMMON STOCKhistory →COM2.47%$19M55.6K
23HDHOME DEPOT INChistory →COM2.44%$19M46.4K
24LULULULULEMON ATHLETICA INChistory →COM2.38%$18M102.8K
25NKENIKE INC CL Bhistory →COM2.14%$16M235.9K

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 ↗.