Heard Capital
Chicago, ILfiles as Heard Capital LLC
$2.3bn in 21 US stocks at the end of 30 June 2026. The top 10 are 81.8% of the money. It changed about 18.1% of the portfolio this quarter.
Value
$2.3bn
Stocks
21
Top 10 share
81.8%
Turnover
18.1%
What changed this quarter
New
Bought for the first time this quarter.
- Bloom EnergyBE5.8% of the fund
- Marvell TechnologyMRVL5.7% of the fund
Added
Bought more of a stock they already held.
- TransDigm GroupTDG10.6% of the fund+4%
- Fair IsaacFICO10.0% of the fund+10%
- Palantir TechnologiesPLTR6.9% of the fund+5%
- AeroVironmentAVAV6.4% of the fund+25%
- Elbit SystemsESLT4.2% of the fund+21%
Cut
Sold some of their stake.
- Lam ResearchLRCX14.1% of the fund-29%
- American TowerAMT5.6% of the fund-28%
- QualcommQCOM<0.1% of the fund-42%
- AdobeADBE<0.1% of the fund-98%
- TelesatTSAT<0.1% of the fund-99%
Sold out
Sold their entire stake.
Holdings
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Lam ResearchLRCX | 14.1% | $328m | 757,760 | -29% |
| TransDigm GroupTDG | 10.6% | $248m | 186,289 | +4% |
| Fair IsaacFICO | 10.0% | $234m | 195,527 | +10% |
| Apollo Global ManagementAPO | 8.6% | $200m | 1,690,310 | Held |
| AnterixATEX | 7.6% | $177m | 1,716,738 | Held |
| Palantir TechnologiesPLTR | 6.9% | $162m | 1,389,846 | +5% |
| AeroVironmentAVAV | 6.4% | $149m | 903,975 | +25% |
| BlackstoneBX | 6.1% | $143m | 1,217,600 | Held |
| Bloom EnergyBE | 5.8% | $136m | 448,808 | New |
| Marvell TechnologyMRVL | 5.7% | $133m | 447,977 | New |
| American TowerAMT | 5.6% | $132m | 804,848 | -28% |
| American ExpressAXP | 4.9% | $115m | 339,427 | Held |
| Elbit SystemsESLT | 4.2% | $99m | 130,840 | +21% |
| MoelisMC | 2.7% | $64m | 979,810 | Held |
| EquinixEQIX | 0.2% | $5m | 5,160 | Held |
| Amazon.comAMZN | 0.2% | $4m | 18,060 | Held |
| QualcommQCOM | <0.1% | $2m | 12,640 | -42% |
| AdobeADBE | <0.1% | $1m | 6,700 | -98% |
| Ares ManagementARES | <0.1% | $1m | 11,150 | Held |
| PrologisPLD | <0.1% | $1m | 7,500 | Held |
| TelesatTSAT | <0.1% | $221,209 | 4,370 | -99% |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 22.1% since 30 June 2025.
Where the money is
Technology36.9%
Industrials27.1%
Financial services22.4%
Media & telecom7.6%
Real estate5.9%
Retail & consumer0.2%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.