HMS Capital Management 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

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OMB Number:		3235-0006
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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
ACCENTURE PLC IRELAND	SHS CLASS A	G1151C101	1,519,820	4,925	SH		SOLE		0	0	4,925
ALBEMARLE CORP	COM	012653101	1,634,764	7,328	SH		SOLE		0	0	7,328
ALPHABET INC	CAP STK CL A	02079K305	2,008,566	16,780	SH		SOLE		0	0	16,780
AMAZON COM INC	COM	023135106	2,236,717	17,158	SH		SOLE		0	0	17,158
AMEREN CORP	COM	023608102	1,341,185	16,422	SH		SOLE		0	0	16,422
APPLE INC	COM	037833100	3,367,406	17,360	SH		SOLE		0	0	17,360
ASML HOLDING N V	N Y REGISTRY SHS	N07059210	667,984	922	SH		SOLE		0	0	922
AXCELIS TECHNOLOGIES INC	COM NEW	054540208	533,857	2,912	SH		SOLE		0	0	2,912
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	579,018	1,698	SH		SOLE		0	0	1,698
BOOKING HOLDINGS INC	COM	09857L108	1,477,081	547	SH		SOLE		0	0	547
BROADCOM INC	COM	11135F101	2,899,571	3,343	SH		SOLE		0	0	3,343
CBIZ INC	COM	124805102	388,518	7,292	SH		SOLE		0	0	7,292
CELSIUS HLDGS INC	COM NEW	15118V207	677,919	4,544	SH		SOLE		0	0	4,544
CHIPOTLE MEXICAN GRILL INC	COM	169656105	2,290,869	1,071	SH		SOLE		0	0	1,071
CHUBB LIMITED	COM	H1467J104	2,148,398	11,157	SH		SOLE		0	0	11,157
CLEAN HARBORS INC	COM	184496107	354,347	2,155	SH		SOLE		0	0	2,155
COMFORT SYS USA INC	COM	199908104	305,084	1,858	SH		SOLE		0	0	1,858
CONSTELLATION BRANDS INC	CL A	21036P108	768,058	3,121	SH		SOLE		0	0	3,121
COPART INC	COM	217204106	1,402,901	15,381	SH		SOLE		0	0	15,381
COSTCO WHSL CORP NEW	COM	22160K105	215,890	401	SH		SOLE		0	0	401
CUMMINS INC	COM	231021106	1,255,916	5,123	SH		SOLE		0	0	5,123
CVS HEALTH CORP	COM	126650100	240,633	3,481	SH		SOLE		0	0	3,481
DOUBLEVERIFY HLDGS INC	COM	25862V105	216,084	5,552	SH		SOLE		0	0	5,552
EAGLE MATLS INC	COM	26969P108	460,404	2,470	SH		SOLE		0	0	2,470
ELEMENT SOLUTIONS INC	COM	28618M106	335,105	17,453	SH		SOLE		0	0	17,453
ELEVANCE HEALTH INC	COM	036752103	974,047	2,192	SH		SOLE		0	0	2,192
EVOLENT HEALTH INC	CL A	30050B101	304,576	10,052	SH		SOLE		0	0	10,052
EXXON MOBIL CORP	COM	30231G102	881,917	8,223	SH		SOLE		0	0	8,223
FIVE BELOW INC	COM	33829M101	398,387	2,027	SH		SOLE		0	0	2,027
FORTINET INC	COM	34959E109	2,863,047	37,876	SH		SOLE		0	0	37,876
GENUINE PARTS CO	COM	372460105	372,306	2,200	SH		SOLE		0	0	2,200
GOLDMAN SACHS GROUP INC	COM	38141G104	1,920,524	5,954	SH		SOLE		0	0	5,954
HCA HEALTHCARE INC	COM	40412C101	1,960,120	6,459	SH		SOLE		0	0	6,459
HERSHEY CO	COM	427866108	1,251,887	5,014	SH		SOLE		0	0	5,014
HUMANA INC	COM	444859102	246,618	552	SH		SOLE		0	0	552
INSPIRE MED SYS INC	COM	457730109	433,394	1,335	SH		SOLE		0	0	1,335
INSULET CORP	COM	45784P101	602,919	2,091	SH		SOLE		0	0	2,091
INVESCO QQQ TR	UNIT SER 1	46090E103	7,200,925	19,493	SH		SOLE		0	0	19,493
ISHARES TR	IBOXX HI YD ETF	464288513	3,778,892	50,338	SH		SOLE		0	0	50,338
ISHARES TR	IBOXX INV CP ETF	464287242	12,642,976	116,913	SH		SOLE		0	0	116,913
ISHARES TR	RUS 1000 VAL ETF	464287598	9,022,934	57,169	SH		SOLE		0	0	57,169
ISHARES TR	NATIONAL MUN ETF	464288414	252,843	2,369	SH		SOLE		0	0	2,369
ISHARES TR	S&P MC 400VL ETF	464287705	227,544	2,124	SH		SOLE		0	0	2,124
ISHARES TR	MSCI EAFE ETF	464287465	5,973,544	82,394	SH		SOLE		0	0	82,394
ISHARES TR	RUS 1000 GRW ETF	464287614	1,246,565	4,530	SH		SOLE		0	0	4,530
ISHARES TR	RUS MID CAP ETF	464287499	320,821	4,393	SH		SOLE		0	0	4,393
ISHARES TR	S&P 500 GRWT ETF	464287309	575,822	8,170	SH		SOLE		0	0	8,170
ISHARES TR	S&P 500 VAL ETF	464287408	324,959	2,016	SH		SOLE		0	0	2,016
ISHARES TR	CORE S&P500 ETF	464287200	503,207	1,129	SH		SOLE		0	0	1,129
JACOBS SOLUTIONS INC	COM	46982L108	666,232	5,604	SH		SOLE		0	0	5,604
JEFFERIES FINL GROUP INC	COM	47233W109	332,867	10,035	SH		SOLE		0	0	10,035
JPMORGAN CHASE & CO	COM	46625H100	1,735,900	11,936	SH		SOLE		0	0	11,936
KINSALE CAP GROUP INC	COM	49714P108	338,664	905	SH		SOLE		0	0	905
L3HARRIS TECHNOLOGIES INC	COM	502431109	1,039,875	5,312	SH		SOLE		0	0	5,312
LATTICE SEMICONDUCTOR CORP	COM	518415104	436,254	4,541	SH		SOLE		0	0	4,541
LINCOLN ELEC HLDGS INC	COM	533900106	408,408	2,056	SH		SOLE		0	0	2,056
LINDE PLC	SHS	G54950103	330,015	866	SH		SOLE		0	0	866
LIVENT CORP	COM	53814L108	300,907	10,970	SH		SOLE		0	0	10,970
LOUISIANA PAC CORP	COM	546347105	501,160	6,684	SH		SOLE		0	0	6,684
LPL FINL HLDGS INC	COM	50212V100	263,349	1,211	SH		SOLE		0	0	1,211
MASTERCARD INCORPORATED	CL A	57636Q104	1,438,066	3,656	SH		SOLE		0	0	3,656
MCDONALDS CORP	COM	580135101	1,387,470	4,650	SH		SOLE		0	0	4,650
MCKESSON CORP	COM	58155Q103	1,911,403	4,473	SH		SOLE		0	0	4,473
MEDTRONIC PLC	SHS	G5960L103	1,152,084	13,077	SH		SOLE		0	0	13,077
META PLATFORMS INC	CL A	30303M102	1,117,213	3,893	SH		SOLE		0	0	3,893
MICRON TECHNOLOGY INC	COM	595112103	1,279,162	20,269	SH		SOLE		0	0	20,269
MICROSOFT CORP	COM	594918104	4,946,976	14,527	SH		SOLE		0	0	14,527
MONOLITHIC PWR SYS INC	COM	609839105	1,719,211	3,182	SH		SOLE		0	0	3,182
MOTOROLA SOLUTIONS INC	COM NEW	620076307	1,349,893	4,603	SH		SOLE		0	0	4,603
NETFLIX INC	COM	64110L106	1,093,737	2,483	SH		SOLE		0	0	2,483
NEXTERA ENERGY INC	COM	65339F101	698,704	9,416	SH		SOLE		0	0	9,416
NOVA LTD	COM	M7516K103	453,365	3,865	SH		SOLE		0	0	3,865
NOVO-NORDISK A S	ADR	670100205	282,117	1,743	SH		SOLE		0	0	1,743
NVIDIA CORPORATION	COM	67066G104	2,713,367	6,414	SH		SOLE		0	0	6,414
OPTION CARE HEALTH INC	COM NEW	68404L201	343,972	10,587	SH		SOLE		0	0	10,587
PINNACLE FINL PARTNERS INC	COM	72346Q104	297,979	5,260	SH		SOLE		0	0	5,260
PNC FINL SVCS GROUP INC	COM	693475105	902,154	7,163	SH		SOLE		0	0	7,163
PPG INDS INC	COM	693506107	457,357	3,084	SH		SOLE		0	0	3,084
PROCTER AND GAMBLE CO	COM	742718109	1,613,473	10,633	SH		SOLE		0	0	10,633
PROLOGIS INC.	COM	74340W103	1,224,237	9,983	SH		SOLE		0	0	9,983
QUALCOMM INC	COM	747525103	1,182,995	9,938	SH		SOLE		0	0	9,938
SAIA INC	COM	78709Y105	549,226	1,604	SH		SOLE		0	0	1,604
SELECT SECTOR SPDR TR	TECHNOLOGY	81369Y803	304,950	1,754	SH		SOLE		0	0	1,754
SELECT SECTOR SPDR TR	FINANCIAL	81369Y605	473,996	14,061	SH		SOLE		0	0	14,061
SELECT SECTOR SPDR TR	ENERGY	81369Y506	5,311,921	65,442	SH		SOLE		0	0	65,442
SERVICENOW INC	COM	81762P102	601,870	1,071	SH		SOLE		0	0	1,071
SHIFT4 PMTS INC	CL A	82452J109	230,419	3,393	SH		SOLE		0	0	3,393
SHOCKWAVE MED INC	COM	82489T104	359,331	1,259	SH		SOLE		0	0	1,259
SPDR S&P 500 ETF TR	TR UNIT	78462F103	26,435,194	59,635	SH		SOLE		0	0	59,635
STERLING INFRASTRUCTURE INC	COM	859241101	380,891	6,826	SH		SOLE		0	0	6,826
SUPER MICRO COMPUTER INC	COM	86800U104	413,755	1,660	SH		SOLE		0	0	1,660
SYNOPSYS INC	COM	871607107	306,093	703	SH		SOLE		0	0	703
SYSCO CORP	COM	871829107	733,371	9,884	SH		SOLE		0	0	9,884
TEXAS ROADHOUSE INC	COM	882681109	400,544	3,567	SH		SOLE		0	0	3,567
THERMO FISHER SCIENTIFIC INC	COM	883556102	911,063	1,746	SH		SOLE		0	0	1,746
TORONTO DOMINION BK ONT	COM NEW	891160509	529,192	8,534	SH		SOLE		0	0	8,534
UNITEDHEALTH GROUP INC	COM	91324P102	1,837,462	3,823	SH		SOLE		0	0	3,823
US FOODS HLDG CORP	COM	912008109	435,116	9,889	SH		SOLE		0	0	9,889
VANGUARD INDEX FDS	TOTAL STK MKT	922908769	395,182	1,794	SH		SOLE		0	0	1,794
VANGUARD INDEX FDS	S&P 500 ETF SHS	922908363	1,263,790	3,103	SH		SOLE		0	0	3,103
VANGUARD INDEX FDS	VALUE ETF	922908744	350,987	2,470	SH		SOLE		0	0	2,470
VANGUARD SPECIALIZED FUNDS	DIV APP ETF	921908844	708,520	4,362	SH		SOLE		0	0	4,362
VERTEX PHARMACEUTICALS INC	COM	92532F100	210,090	597	SH		SOLE		0	0	597
VISTEON CORP	COM NEW	92839U206	345,095	2,403	SH		SOLE		0	0	2,403
WASTE MGMT INC DEL	COM	94106L109	1,730,389	9,978	SH		SOLE		0	0	9,978
WESCO INTL INC	COM	95082P105	410,100	2,290	SH		SOLE		0	0	2,290
WILLSCOT MOBIL MINI HLDNG CO	COM CL A	971378104	411,520	8,611	SH		SOLE		0	0	8,611
ZIMMER BIOMET HOLDINGS INC	COM	98956P102	1,109,472	7,620	SH		SOLE		0	0	7,620