# EDGAR Filing Document

**Accession Number:** 0001689470
**File Stem:** 0001667731-25-000744
**Filing Date:** 2025-7
**Character Count:** 14103
**Document Hash:** b618c3cbde731a9627f56596612248f9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001667731-25-000744.hdr.sgml**: 20250707

**ACCESSION NUMBER**: 0001667731-25-000744

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250707

**DATE AS OF CHANGE**: 20250707

**EFFECTIVENESS DATE**: 20250707

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** HMS Capital Management, LLC
- **CENTRAL INDEX KEY:** 0001689470

**ORGANIZATION NAME:**
- **EIN:** 264487764
- **STATE OF INCORPORATION:** TN
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-17553
- **FILM NUMBER:** 251108494

**BUSINESS ADDRESS:**
- **STREET 1:** 5130 ASHLAND CITY HWY
- **CITY:** NASHVILLE
- **STATE:** TN
- **ZIP:** 37218
- **BUSINESS PHONE:** 6158297200

**MAIL ADDRESS:**
- **STREET 1:** 5130 ASHLAND CITY HWY
- **CITY:** NASHVILLE
- **STATE:** TN
- **ZIP:** 37218

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** HMS Capital Management LLC<br>**Address:** 5130 Ashland City Hwy<br>Nashville, TN 37218

**Form 13F File Number:** 028-17553

**CRD Number (if applicable):** 000149764

**SEC File Number (if applicable):** 801-78569

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Dana M. Brisendine<br>**Title:** President<br>**Phone:** 615-829-7200

**Signature, Place, and Date of Signing:**

/s/ Dana M. Brisendine  Nashville, TN  07-07-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 106

**Form 13F Information Table Value Total:** $222464182

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 1468886 | 4914 | SH |  | SOLE |  | 1659 | 0 | 3255 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 1180466 | 8319 | SH |  | SOLE |  | 2813 | 0 | 5506 |
| ALAMOS GOLD INC NEW | COM CL A | 011532108 |  | 674614 | 25400 | SH |  | SOLE |  | 4386 | 0 | 21014 |
| ALCOA CORP | COM | 013872106 |  | 586408 | 19871 | SH |  | SOLE |  | 7112 | 0 | 12759 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 2502581 | 14201 | SH |  | SOLE |  | 4718 | 0 | 9482 |
| AMAZON COM INC | COM | 023135106 |  | 3273738 | 14922 | SH |  | SOLE |  | 3813 | 0 | 11109 |
| AMERICAN HEALTHCARE REIT INC | COM SHS | 398182303 |  | 430336 | 11713 | SH |  | SOLE |  | 1905 | 0 | 9808 |
| APPFOLIO INC | COM CL A | 03783C100 |  | 354171 | 1538 | SH |  | SOLE |  | 248 | 0 | 1290 |
| APPLE INC | COM | 037833100 |  | 3262148 | 15900 | SH |  | SOLE |  | 8826 | 0 | 7074 |
| ARCHROCK INC | COM | 03957W106 |  | 331483 | 13350 | SH |  | SOLE |  | 1963 | 0 | 11387 |
| ARISTA NETWORKS INC | COM SHS | 040413205 |  | 321560 | 3143 | SH |  | SOLE |  | 1048 | 0 | 2095 |
| BANCORP INC DEL | COM | 05969A105 |  | 430180 | 7551 | SH |  | SOLE |  | 1202 | 0 | 6349 |
| BANK AMERICA CORP | COM | 060505104 |  | 2097411 | 44324 | SH |  | SOLE |  | 16398 | 0 | 27926 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 2800290 | 484 | SH |  | SOLE |  | 165 | 0 | 318 |
| BROADCOM INC | COM | 11135F101 |  | 4475714 | 16237 | SH |  | SOLE |  | 5642 | 0 | 10595 |
| CADENCE DESIGN SYSTEM INC | COM | 127387108 |  | 1387291 | 4502 | SH |  | SOLE |  | 1435 | 0 | 3067 |
| CARPENTER TECHNOLOGY CORP | COM | 144285103 |  | 520160 | 1882 | SH |  | SOLE |  | 287 | 0 | 1595 |
| CBIZ INC | COM | 124805102 |  | 501970 | 7000 | SH |  | SOLE |  | 1210 | 0 | 5790 |
| CELESTICA INC | COM | 15101Q207 |  | 612107 | 3921 | SH |  | SOLE |  | 630 | 0 | 3291 |
| CHIPOTLE MEXICAN GRILL INC | COM | 169656105 |  | 2766847 | 49276 | SH |  | SOLE |  | 16247 | 0 | 33029 |
| CHUBB LIMITED | COM | H1467J104 |  | 689011 | 2378 | SH |  | SOLE |  | 365 | 0 | 2013 |
| CLEAN HARBORS INC | COM | 184496107 |  | 472532 | 2044 | SH |  | SOLE |  | 333 | 0 | 1711 |
| COCA COLA CO | COM | 191216100 |  | 1230135 | 17387 | SH |  | SOLE |  | 5005 | 0 | 12382 |
| COMFORT SYS USA INC | COM | 199908104 |  | 725736 | 1353 | SH |  | SOLE |  | 207 | 0 | 1146 |
| CONSTRUCTION PARTNERS INC | COM CL A | 21044C107 |  | 595381 | 5602 | SH |  | SOLE |  | 903 | 0 | 4699 |
| COPART INC | COM | 217204106 |  | 1072523 | 21857 | SH |  | SOLE |  | 7384 | 0 | 14473 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 223726 | 226 | SH |  | SOLE |  | 0 | 0 | 226 |
| CSW INDUSTRIALS INC | COM | 126402106 |  | 645091 | 2249 | SH |  | SOLE |  | 0 | 0 | 2249 |
| CURTISS WRIGHT CORP | COM | 231561101 |  | 777850 | 1592 | SH |  | SOLE |  | 277 | 0 | 1315 |
| ELI LILLY  CO | COM | 532457108 |  | 1260976 | 1618 | SH |  | SOLE |  | 522 | 0 | 1095 |
| EXLSERVICE HOLDINGS INC | COM | 302081104 |  | 353779 | 8079 | SH |  | SOLE |  | 1258 | 0 | 6821 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 309709 | 2873 | SH |  | SOLE |  | 0 | 0 | 2873 |
| FORTINET INC | COM | 34959E109 |  | 3073280 | 29070 | SH |  | SOLE |  | 9355 | 0 | 19715 |
| GALLAGHER ARTHUR J  CO | COM | 363576109 |  | 1397197 | 4365 | SH |  | SOLE |  | 1497 | 0 | 2868 |
| GENUINE PARTS CO | COM | 372460105 |  | 266882 | 2200 | SH |  | SOLE |  | 0 | 0 | 2200 |
| GLOBAL X FDS | ARTIFICIAL ETF | 37954Y632 |  | 8507360 | 194721 | SH |  | SOLE |  | 64559 | 0 | 130162 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 4537646 | 6411 | SH |  | SOLE |  | 1967 | 0 | 4444 |
| HCA HEALTHCARE INC | COM | 40412C101 |  | 2157262 | 5631 | SH |  | SOLE |  | 1886 | 0 | 3745 |
| HOWMET AEROSPACE INC | COM | 443201108 |  | 314746 | 1691 | SH |  | SOLE |  | 384 | 0 | 1307 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 11545298 | 20929 | SH |  | SOLE |  | 6366 | 0 | 14563 |
| ISHARES TR | S MC 400GR ETF | 464287606 |  | 481648 | 5294 | SH |  | SOLE |  | 469 | 0 | 4825 |
| ISHARES TR | CORE S ETF | 464287200 |  | 655670 | 1056 | SH |  | SOLE |  | 154 | 0 | 902 |
| ISHARES TR | S 500 GRWT ETF | 464287309 |  | 793821 | 7210 | SH |  | SOLE |  | 0 | 0 | 7210 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 |  | 2092519 | 10773 | SH |  | SOLE |  | 4067 | 0 | 6706 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 1855839 | 4371 | SH |  | SOLE |  | 4371 | 0 | 0 |
| ISHARES TR | MSCI EAFE ETF | 464287465 |  | 15299926 | 171159 | SH |  | SOLE |  | 56843 | 0 | 114317 |
| ISHARES TR | RUS MID CAP ETF | 464287499 |  | 404024 | 4393 | SH |  | SOLE |  | 0 | 0 | 4393 |
| ISHARES TR | RUS MD CP GR ETF | 464287481 |  | 4404069 | 31757 | SH |  | SOLE |  | 11563 | 0 | 20195 |
| ISHARES TR | IBOXX INV CP ETF | 464287242 |  | 14362458 | 131032 | SH |  | SOLE |  | 28642 | 0 | 102391 |
| ISHARES TR | IBOXX HI YD ETF | 464288513 |  | 3030072 | 37571 | SH |  | SOLE |  | 6230 | 0 | 31341 |
| ISHARES TR | NATIONAL MUN ETF | 464288414 |  | 1030903 | 9867 | SH |  | SOLE |  | 0 | 0 | 9867 |
| JACOBS SOLUTIONS INC | COM | 46982L108 |  | 742956 | 5652 | SH |  | SOLE |  | 1723 | 0 | 3929 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 3186402 | 10991 | SH |  | SOLE |  | 3592 | 0 | 7399 |
| LINDE PLC | SHS | G54950103 |  | 210193 | 448 | SH |  | SOLE |  | 0 | 0 | 448 |
| MACOM TECH SOLUTIONS HLDGS I | COM | 55405Y100 |  | 456522 | 3186 | SH |  | SOLE |  | 500 | 0 | 2686 |
| MAKEMYTRIP LIMITED MAURITIUS | SHS | V5633W109 |  | 314154 | 3205 | SH |  | SOLE |  | 566 | 0 | 2639 |
| MARSH  MCLENNAN COS INC | COM | 571748102 |  | 228042 | 1043 | SH |  | SOLE |  | 0 | 0 | 1043 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 1872728 | 3333 | SH |  | SOLE |  | 1092 | 0 | 2240 |
| MCDONALDS CORP | COM | 580135101 |  | 1167612 | 3996 | SH |  | SOLE |  | 1364 | 0 | 2632 |
| MCKESSON CORP | COM | 58155Q103 |  | 3133891 | 4277 | SH |  | SOLE |  | 1417 | 0 | 2860 |
| META PLATFORMS INC | CL A | 30303M102 |  | 3204892 | 4342 | SH |  | SOLE |  | 1354 | 0 | 2988 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 2375128 | 19271 | SH |  | SOLE |  | 5987 | 0 | 13284 |
| MICROSOFT CORP | COM | 594918104 |  | 6106697 | 12277 | SH |  | SOLE |  | 2386 | 0 | 9891 |
| MONOLITHIC PWR SYS INC | COM | 609839105 |  | 744383 | 1018 | SH |  | SOLE |  | 144 | 0 | 874 |
| MOTOROLA SOLUTIONS INC | COM NEW | 620076307 |  | 1800687 | 4283 | SH |  | SOLE |  | 1461 | 0 | 2822 |
| MR COOPER GROUP INC | COM | 62482R107 |  | 719192 | 4820 | SH |  | SOLE |  | 831 | 0 | 3989 |
| NATIONAL FUEL GAS CO | COM | 636180101 |  | 420416 | 4963 | SH |  | SOLE |  | 802 | 0 | 4161 |
| NETFLIX INC | COM | 64110L106 |  | 3817860 | 2851 | SH |  | SOLE |  | 877 | 0 | 1974 |
| NOVA LTD | COM | M7516K103 |  | 547923 | 1991 | SH |  | SOLE |  | 334 | 0 | 1657 |
| NVENT ELECTRIC PLC | SHS | G6700G107 |  | 421958 | 5761 | SH |  | SOLE |  | 958 | 0 | 4803 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 8377790 | 53027 | SH |  | SOLE |  | 17498 | 0 | 35529 |
| ON HLDG AG | NAMEN AKT A | H5919C104 |  | 374968 | 7204 | SH |  | SOLE |  | 1095 | 0 | 6109 |
| PARKER-HANNIFIN CORP | COM | 701094104 |  | 2085583 | 2986 | SH |  | SOLE |  | 971 | 0 | 2015 |
| PINNACLE FINL PARTNERS INC | COM | 72346Q104 |  | 580757 | 5260 | SH |  | SOLE |  | 260 | 0 | 5000 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 1569565 | 9852 | SH |  | SOLE |  | 2892 | 0 | 6960 |
| QUALCOMM INC | COM | 747525103 |  | 1410080 | 8854 | SH |  | SOLE |  | 2896 | 0 | 5958 |
| SALESFORCE INC | COM | 79466L302 |  | 216516 | 794 | SH |  | SOLE |  | 0 | 0 | 794 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 |  | 349506 | 1380 | SH |  | SOLE |  | 0 | 0 | 1380 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 |  | 3628810 | 42788 | SH |  | SOLE |  | 14423 | 0 | 28364 |
| SERVICENOW INC | COM | 81762P102 |  | 609651 | 593 | SH |  | SOLE |  | 130 | 0 | 463 |
| SHARKNINJA INC | COM SHS | G8068L108 |  | 600374 | 6065 | SH |  | SOLE |  | 1039 | 0 | 5026 |
| SHIFT4 PMTS INC | CL A | 82452J109 |  | 448671 | 4527 | SH |  | SOLE |  | 675 | 0 | 3852 |
| SKYWARD SPECIALTY INS GROUP | COM | 830940102 |  | 595295 | 10301 | SH |  | SOLE |  | 1796 | 0 | 8505 |
| SMUCKER J M CO | COM NEW | 832696405 |  | 942284 | 9596 | SH |  | SOLE |  | 3077 | 0 | 6518 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 624716 | 52500 | SH | Put | SOLE |  | 0 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 34095059 | 55183 | SH |  | SOLE |  | 16318 | 0 | 38865 |
| SPDR SERIES TRUST | BBG CONV SEC ETF | 78464A359 |  | 4815646 | 58258 | SH |  | SOLE |  | 10446 | 0 | 47812 |
| SPDR SERIES TRUST | S HOMEBUILD | 78464A888 |  | 1035316 | 10503 | SH |  | SOLE |  | 3175 | 0 | 7328 |
| SPROUTS FMRS MKT INC | COM | 85208M102 |  | 427570 | 2597 | SH |  | SOLE |  | 396 | 0 | 2201 |
| STEEL DYNAMICS INC | COM | 858119100 |  | 631745 | 4935 | SH |  | SOLE |  | 1695 | 0 | 3240 |
| STERLING INFRASTRUCTURE INC | COM | 859241101 |  | 779867 | 3380 | SH |  | SOLE |  | 522 | 0 | 2858 |
| STRYKER CORPORATION | COM | 863667101 |  | 1684551 | 4258 | SH |  | SOLE |  | 1385 | 0 | 2873 |
| TECHNIPFMC PLC | COM | G87110105 |  | 432899 | 12570 | SH |  | SOLE |  | 2094 | 0 | 10476 |
| TEXAS ROADHOUSE INC | COM | 882681109 |  | 516994 | 2759 | SH |  | SOLE |  | 420 | 0 | 2339 |
| UNITED RENTALS INC | COM | 911363109 |  | 1014510 | 1347 | SH |  | SOLE |  | 420 | 0 | 926 |
| UNITED THERAPEUTICS CORP DEL | COM | 91307C102 |  | 366084 | 1274 | SH |  | SOLE |  | 189 | 0 | 1085 |
| US FOODS HLDG CORP | COM | 912008109 |  | 603604 | 7838 | SH |  | SOLE |  | 1103 | 0 | 6735 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 292989 | 964 | SH |  | SOLE |  | 0 | 0 | 964 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 1621158 | 2854 | SH |  | SOLE |  | 1945 | 0 | 909 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 332179 | 1623 | SH |  | SOLE |  | 839 | 0 | 784 |
| VERTEX PHARMACEUTICALS INC | COM | 92532F100 |  | 422050 | 948 | SH |  | SOLE |  | 140 | 0 | 808 |
| VIKING HOLDINGS LTD | ORD SHS | G93A5A101 |  | 257071 | 4824 | SH |  | SOLE |  | 1504 | 0 | 3320 |
| VISA INC | COM CL A | 92826C839 |  | 279779 | 788 | SH |  | SOLE |  | 0 | 0 | 788 |
| WALMART INC | COM | 931142103 |  | 2108101 | 21560 | SH |  | SOLE |  | 6311 | 0 | 15249 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 1919102 | 8387 | SH |  | SOLE |  | 2624 | 0 | 5763 |
| WAYSTAR HLDG CORP | COM | 946784105 |  | 396276 | 9696 | SH |  | SOLE |  | 1376 | 0 | 8320 |

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