HC
Heard Capital LLC 13F Holdings Tracker (Q2 2026)
Heard Capital LLCCIK: 0001796409
Momentum followerSector-focusedQuality / disciplined sizing
Total reported value
$2.3B
Reporting period: 2026-06-30 · Number of holdings: 21
Heard Capital LLC disclosed 21 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $2.3B and a quarterly turnover rate of 39.6%.
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Personality snowflake
- Concentration
- 32.61
- Portfolio Stability
- 39.62
- Momentum
- 100
- Sector conviction
- 92.3
- Diversification
- 42
- Sizing Uniformity
- 91.35
Heard Capital LLC's disclosed holdings carry a Herfindahl concentration index of 0.082 — mathematically equivalent to about 12 equally-sized positions, well below its 21 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 0.86), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
Recent activity leans toward adding more aggressively to already-large existing positions than to newly initiated ones (a 2.9 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govNew buy BE
New buy MRVL
Trim ADBE
-98.5% -$106.6M
Trim AMT
-27.6% -$60.3M
Add ATEX
0.0% $111.2M
Trim PLTR
+5.2% -$31.2M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | LRCX | Lam Research CORP | Stock-Tech | 14.05% | +2.22% | -29.24% | |
| 2 | TDG | Transdigm Group Inc | Stock-Industrials | 10.62% | -0.08% | +4.30% | |
| 3 | FICO | Fair Isaac CORP | Stock-Tech | 10.00% | +0.15% | +9.59% | |
| 4 | APO | Apollo Global Management Inc | Stock-Financials | 8.56% | -1.13% | +0.52% | |
| 5 | ATEX | Anterix Inc | Stock-Other | 7.56% | +4.17% | — | |
| 6 | PLTR | Palantir Technologies Inc-a | Stock-Tech | 6.94% | -3.06% | +5.15% | |
| 7 | AVAV | Aerovironment Inc | Stock-Industrials | 6.39% | -0.44% | +25.32% | |
| 8 | BX | Blackstone Inc | Stock-Financials | 6.13% | -1.20% | -1.24% | |
| 9 | BE | Bloom Energy Corp- A | Stock-Industrials | 5.81% | +5.81% | NEW | |
| 10 | MRVL | Marvell Technology Inc | Stock-Tech | 5.71% | +5.71% | NEW | |
| 11 | AMT | American Tower CORP | Stock-Real Estate | 5.63% | -4.29% | -27.63% | |
| 12 | AXP | American Express Co | Stock-Financials | 4.91% | -0.40% | -0.12% | |
| 13 | ESLT | Elbit Systems Ltd. | Stock-Industrials | 4.25% | -0.51% | +20.71% | |
| 14 | MC | Moelis & Co - Class A | Stock-Financials | 2.74% | -0.15% | — | |
| 15 | EQIX | Equinix Inc | Stock-Real Estate | 0.23% | -0.03% | — | |
| 16 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 0.18% | -0.01% | — | |
| 17 | QCOM | Qualcomm Inc | Stock-Tech | 0.10% | -0.04% | -41.54% | |
| 18 | ADBE | Adobe Inc | Stock-Tech | 0.06% | -5.52% | -98.49% | |
| 19 | ARES | Ares Management CORP - A | Stock-Financials | 0.05% | -0.01% | — | |
| 20 | PLD | Prologis Inc | Stock-Real Estate | 0.04% | -0.01% | — | |
| 21 | TSAT | Telesat CORP | Stock-Other | 0.01% | -1.13% | -99.28% |
Portfolio Performance
Performance for Q3 2026
+1.2%
Performance Last 4 Quarters
+18.6%
- Stdev
- +20.4%
- Beta
- +1.32
- Alpha
- -4.4%
- Max Drawdown
- -11.6%
- Annualized Perf
- +21.9%
- Batting Avg vs S&P
- +50%
- Sortino
- +2.12
- Stutzer
- +0.32
- Treynor
- +0.17
- Sterling
- +1.1
- Calmar
- +1.89
- Information Ratio
- +0.16
- Tracking Error
- +11.9%
- Stdev Down
- +10.4%
- Winning Months %
- +61.1%
- Losing Months %
- +38.9%
- Best 12 Months
- +51.8%
- Worst 12 Months
- +8.5%
- Efficiency Ratio
- +0.45
- Sharpe
- +1.08
- Stdev Sectors
- +14.7%
- Skewness
- +0.27
- Kurtosis
- -0.18
- Upside Potential
- +3.97
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 21 | $2.3B | 40 | ||
| 2026 Q1 | 21 | $1.9B | 17 | ||
| 2025 Q4 | 21 | $2.1B | 9 | ||
| 2025 Q3 | 21 | $2.1B | 27 | ||
| 2025 Q2 | 21 | $1.9B | 0 | ||
| 2025 Q1 | 22 | $1.7B | 100 | ||
| 2024 Q4 | 22 | $1.7B | 0 | ||
| 2024 Q3 | 22 | $1.8B | 0 | ||
| 2024 Q2 | 22 | $1.6B | 0 | ||
| 2024 Q1 | 24 | $1.6B | 0 | ||
| 2023 Q4 | 26 | $1.5B | 0 | ||
| 2023 Q3 | 26 | $1.4B | 0 | ||
| 2023 Q2 | 26 | $1.3B | 0 | ||
| 2023 Q1 | 28 | $1.2B | 0 | ||
| 2022 Q4 | 28 | $939.1M | 0 | ||
| 2022 Q3 | 34 | $854.6M | 0 | ||
| 2022 Q2 | 31 | $932.6M | 0 | ||
| 2022 Q1 | 40 | $1.1B | 0 | ||
| 2021 Q4 | 45 | $639.7M | 0 | ||
| 2021 Q3 | 36 | $515.8M | 0 | ||
| 2021 Q2 | 47 | $441.5M | 89 | ||
| 2021 Q1 | 41 | $356.8M | 19 | ||
| 2020 Q4 | 49 | $301.1M | 31 | ||
| 2020 Q3 | 44 | $243.0M | 37 | ||
| 2020 Q2 | 36 | $203.8M | 27 | ||
| 2020 Q1 | 31 | $168.0M | 61 | ||
| 2019 Q4 | 34 | $212.0M | 0 |
Holding changes this quarter
Heard Capital LLC's most significant position changes for 2026-06-30: New buy: Bloom Energy Corp- A (BE); New buy: Marvell Technology Inc (MRVL); Sold out: People Inc (PPLI); Sold out: Charter Communications Inc-a (CHTR); Trim: Adobe Inc (ADBE) — shares -98.49%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | BE | Bloom Energy Corp- A | +5.8% | NEW | New buy |
| 2 | MRVL | Marvell Technology Inc | +5.7% | NEW | New buy |
| 3 | ATEX | Anterix Inc | +4.2% | — | Unchanged |
| 4 | LRCX | Lam Research CORP | +2.2% | -29.24% | Trim |
| 5 | FICO | Fair Isaac CORP | +0.2% | +9.59% | Add |
| 6 | AMZN | Amazon.com Inc | 0% | — | Unchanged |
| 7 | PLD | Prologis Inc | 0% | — | Unchanged |
| 8 | ARES | Ares Management CORP - A | 0% | — | Unchanged |
| 9 | CHTR | Charter Communications Inc-a | 0% | EXIT | Sold out |
| 10 | EQIX | Equinix Inc | 0% | — | Unchanged |
| 11 | QCOM | Qualcomm Inc | 0% | -41.54% | Trim |
| 12 | PPLI | People Inc | -0.1% | EXIT | Sold out |
| 13 | TDG | Transdigm Group Inc | -0.1% | +4.30% | Add |
| 14 | MC | Moelis & Co - Class A | -0.2% | — | Unchanged |
| 15 | AXP | American Express Co | -0.4% | -0.12% | Trim |
| 16 | AVAV | Aerovironment Inc | -0.4% | +25.32% | Add |
| 17 | ESLT | Elbit Systems Ltd. | -0.5% | +20.71% | Add |
| 18 | TSAT | Telesat CORP | -1.1% | -99.28% | Trim |
| 19 | APO | Apollo Global Management Inc | -1.1% | +0.52% | Add |
| 20 | BX | Blackstone Inc | -1.2% | -1.24% | Trim |
| 21 | PLTR | Palantir Technologies Inc-a | -3.1% | +5.15% | Add |
| 22 | AMT | American Tower CORP | -4.3% | -27.63% | Trim |
| 23 | ADBE | Adobe Inc | -5.5% | -98.49% | Trim |
Filing History
FAQ
What is Heard Capital LLC and what type of investor is it?
Heard Capital LLC is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $2.3B, spread across 21 disclosed positions.
What are Heard Capital LLC's largest equity positions?
Based on the latest 13F filing, Heard Capital LLC's top holdings by market value are:
1. Lam Research CORP (LRCX) — $328.4M (14.1%)
2. Transdigm Group Inc (TDG) — $248.1M (10.6%)
3. Fair Isaac CORP (FICO) — $233.6M (10.0%)
4. Apollo Global Management Inc (APO) — $200.0M (8.6%)
5. Anterix Inc (ATEX) — $176.7M (7.6%)
What changes did Heard Capital LLC make in its most recent portfolio filing?
In the latest reported quarter, Heard Capital LLC made 17 notable position adjustments: 2 new positions were initiated, 6 existing holdings were added to, 7 positions were partially reduced, and 2 were completely exited. The largest of these moves: New buy: Bloom Energy Corp- A (BE); New buy: Marvell Technology Inc (MRVL); Sold out: People Inc (PPLI); Sold out: Charter Communications Inc-a (CHTR); Trim: Adobe Inc (ADBE) — shares -98.49%
What sectors does Heard Capital LLC focus on?
Heard Capital LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 39.9%
• Industrials: 29.3%
• Financials: 24.2%
• Real Estate: 6.4%
• Consumer Discretionary: 0.2%
💡
Data Source Notice: AlphaSMO is the web's most authoritative 13F / Inside Trader database. Institutional holdings and insider trades presented here are precisely computed to deliver accurate portfolio reporting.
Investment Profile
Heard Capital LLC returned an annualized 21.9% over the trailing 36 months — underperforming the S&P 500 by 4.4 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 1.32 (more volatile than the market) and a 50% quarterly batting average against the index.
Its portfolio is broadly diversified and moderately active, with 39.9% of the portfolio concentrated in Information Technology.
Its turnover score has risen from 0 to 40 over the past 4 quarters — a shift toward more active trading.
It has added to its ATEX position over the past two quarters (+$139.2M, now $176.7M), while trimming AMT over the same stretch (-$72.4M, still holding $131.6M).
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Developer Access
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