Institutional Manager · CIK 0001796409
Heard Capital LLC
Chicago, IL · File #028-19839
Latest AUM
$2.13B
Positions
21
Top-10 Concentration
87.8%
Filings
10
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| NEW | LAM RESEARCH CORP | LRCX | +1,292,655 | +$221.3M | $0 |
| ADD | AEROVIRONMENT INC | AVAV | +235,685 | +$57.0M | -$35.5M |
| REDUCE | AMERICAN EXPRESS CO | AXP | -85,605 | -$31.7M | +$16.3M |
| ADD | AMERICAN TOWER CORP NEW | 03027X100 | +146,075 | +$25.6M | -$17.0M |
| REDUCE | PALANTIR TECHNOLOGIES INC | PLTR | -129,809 | -$23.1M | -$4.8M |
| REDUCE | ELBIT SYS LTD | ESLT | -37,269 | -$21.5M | +$14.7M |
| ADD | TRANSDIGM GROUP INC | TDG | +13,906 | +$18.5M | +$1.9M |
| ADD | MOELIS & CO | MC | +224,970 | +$15.5M | -$2.0M |
| ADD | BLACKSTONE INC | BX | +67,610 | +$10.4M | -$18.1M |
| ADD | APOLLO GLOBAL MGMT INC | 03769M106 | +53,320 | +$7.7M | +$16.8M |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 202521 pos · $2.13B
- 13F HOLDINGS REPORT (Amended)Q/E Sep 202521 pos · $2.06B
- 13F HOLDINGS REPORTQ/E Sep 202520 pos · $1.85B
- 13F HOLDINGS REPORTQ/E Jun 202521 pos · $1.91B
- 13F HOLDINGS REPORTQ/E Mar 202522 pos · $1.68B
- 13F HOLDINGS REPORTQ/E Dec 202422 pos · $1.68B
- 13F HOLDINGS REPORTQ/E Sep 202422 pos · $1.78B
- 13F HOLDINGS REPORTQ/E Jun 202422 pos · $1.64B
- 13F HOLDINGS REPORTQ/E Mar 202424 pos · $1.60B
- 13F HOLDINGS REPORTQ/E Dec 202326 pos · $1.36B
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | FAIR ISAAC CORP | FICO | 148,398 | $250.9M | 11.78% |
| 2 | TRANSDIGM GROUP INC | TDG | 170,629 | $226.9M | 10.65% |
| 3 | LAM RESEARCH CORP | LRCX | 1,292,655 | $221.3M | 10.39% |
| 4 | APOLLO GLOBAL MGMT INC | 03769M106 | 1,512,015 | $218.9M | 10.28% |
| 5 | AMERICAN TOWER CORP NEW | 03027X100 | 1,162,440 | $204.1M | 9.58% |
| 6 | BLACKSTONE INC | BX | 1,153,040 | $177.7M | 8.34% |
| 7 | AEROVIRONMENT INC | AVAV | 722,150 | $174.7M | 8.20% |
| 8 | PALANTIR TECHNOLOGIES INC | PLTR | 903,109 | $160.5M | 7.54% |
| 9 | AMERICAN EXPRESS CO | AXP | 346,135 | $128.1M | 6.01% |
| 10 | ADOBE INC | ADBE | 308,002 | $107.8M | 5.06% |
| 11 | ELBIT SYS LTD | ESLT | 178,571 | $103.2M | 4.84% |
| 12 | MOELIS & CO | MC | 981,510 | $67.5M | 3.17% |
| 13 | ANTERIX INC | ATEX | 1,716,738 | $37.5M | 1.76% |
| 14 | TELESAT CORP | TSAT | 1,227,343 | $35.7M | 1.68% |
| 15 | EQUINIX INC | EQIX | 5,105 | $3.9M | 0.18% |
| 16 | AMAZON COM INC | AMZN | 16,620 | $3.8M | 0.18% |
| 17 | QUALCOMM INC | QCOM | 18,250 | $3.1M | 0.15% |
| 18 | ARES MANAGEMENT CORPORATION | ARES-PB | 11,150 | $1.8M | 0.08% |
| 19 | PROLOGIS INC. | PLDGP | 8,600 | $1.1M | 0.05% |
| 20 | IAC INC | IAC | 25,557 | $999,279 | 0.05% |