HMI Capital Management L.P.

HMI Capital Management L.P. is an investment management firm based in San Francisco, focused primarily on long-term investing in high-quality growth businesses. Their investment philosophy centers on selecting companies with strong business models that can produce robust growth and genuine free cash flow over a 5 to 10-year horizon. HMI Capital concentrates on sectors such as software, internet and media, and fintech/financial services. They value disciplined management teams and actively manage their portfolio, aiming for high risk-adjusted returns while maintaining a concentrated portfolio to mitigate the risk of permanent capital loss. The firm's culture promotes open communication and intellectual curiosity, which supports their strategic investment approach. For more details, you can visit their [official website](https://www.hmicapital.com/).