# Heard Capital LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1796409. Source: https://holderbook.com/funds/1796409-heard-capital-llc/

- Reported value: $2.3B
- Positions: 21
- Weight of the ten largest: 81.8%
- Filed: 2026-08-11

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $328.4M | 757,760 | 14.1% | 7 |
| TRANSDIGM GROUP INC | [TDG](https://holderbook.com/stocks/TDG/) | $248.1M | 186,289 | 10.6% | 27 |
| FAIR ISAAC CORP | [FICO](https://holderbook.com/stocks/FICO/) | $233.6M | 195,527 | 10.0% | 27 |
| APOLLO GLOBAL MGMT INC | [APO](https://holderbook.com/stocks/APO/) | $200.0M | 1,690,310 | 8.6% | 18 |
| ANTERIX INC | [ATEX](https://holderbook.com/stocks/ATEX/) | $176.7M | 1,716,738 | 7.6% | 23 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $162.2M | 1,389,846 | 6.9% | 7 |
| AEROVIRONMENT INC | [AVAV](https://holderbook.com/stocks/AVAV/) | $149.2M | 903,975 | 6.4% | 24 |
| BLACKSTONE INC | [BX](https://holderbook.com/stocks/BX/) | $143.3M | 1,217,600 | 6.1% | 27 |
| BLOOM ENERGY CORP | [BE](https://holderbook.com/stocks/BE/) | $135.9M | 448,808 | 5.8% | 1 |
| MARVELL TECHNOLOGY INC | [MRVL](https://holderbook.com/stocks/MRVL/) | $133.4M | 447,977 | 5.7% | 1 |
| AMERICAN TOWER CORP | [AMT](https://holderbook.com/stocks/AMT/) | $131.6M | 804,848 | 5.6% | 27 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $114.8M | 339,427 | 4.9% | 14 |
| ELBIT SYS LTD | [ESLT](https://holderbook.com/stocks/ESLT/) | $99.3M | 130,840 | 4.2% | 11 |
| MOELIS & CO | [MC](https://holderbook.com/stocks/MC/) | $64.1M | 979,810 | 2.7% | 27 |
| EQUINIX INC | [EQIX](https://holderbook.com/stocks/EQIX/) | $5.4M | 5,160 | 0.2% | 23 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $4.3M | 18,060 | 0.2% | 26 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $2.3M | 12,640 | 0.1% | 26 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $1.4M | 6,700 | 0.1% | 27 |
| ARES MANAGEMENT CORPORATION | [ARES](https://holderbook.com/stocks/ARES/) | $1.2M | 11,150 | 0.1% | 26 |
| PROLOGIS INC. | [PLD](https://holderbook.com/stocks/PLD/) | $1.0M | 7,500 | 0.0% | 19 |
| TELESAT CORP | [TSAT](https://holderbook.com/stocks/TSAT/) | $221.2K | 4,370 | 0.0% | 19 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +18.5% | +14.8% | +3.6% | 100% |
| Q1 2026 | -10.3% | -4.6% | -5.7% | 100% |
| Q4 2025 | +1.8% | +2.4% | -0.6% | 100% |
| Q3 2025 | +2.7% | +7.8% | -5.1% | 100% |
| Q2 2025 | +18.1% | +10.5% | +7.7% | 100% |
| Q1 2025 | -2.5% | -4.6% | +2.1% | 100% |
| Q4 2024 | -3.9% | +2.1% | -6.0% | 100% |
| Q3 2024 | +11.4% | +5.4% | +5.9% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $2.3B | 21 |
| Q1 2026 | $1.9B | 21 |
| Q4 2025 | $2.1B | 21 |
| Q3 2025 | $3.9B | 21 |
| Q2 2025 | $1.9B | 21 |
| Q1 2025 | $1.7B | 22 |
| Q4 2024 | $1.7B | 22 |
| Q3 2024 | $1.8B | 22 |
| Q2 2024 | $1.6B | 22 |
| Q1 2024 | $1.6B | 24 |
| Q4 2023 | $1.5B | 26 |
| Q3 2023 | $1.4B | 24 |