Heard Capital LLC
SEC Form 13F institutional filer · CIK 0001796409
13F-HR · 16 reported holdings · 2026-03-31
SEC-registered institutional investment manager.
Reported long-US-equity value
$1.70B
Top-10 concentration
99.2%
Heard Capital LLC — $1.7B AUM allocation strategy
Heard Capital LLC files SEC Form 13F and reports $1.7B of long US equity value across 16 reported holdings for 2026-03-31.
Its largest sector bet is Information Technology 42.6%, followed by Financials 25.5% and Industrials 12.2%.
The top 10 holdings account for 99% of reported value — a conviction-weighted book concentrated in its best ideas. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.
Heard Capital LLC — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$1.7B
total across 16 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
99% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$PLTR +419K sh · +$32.8M+$APO +170K sh · −$31.5M+$ADBE +136K sh · +$209K
Biggest trims (shares)
−$LRCX −222K sh · +$7.53M−$AMT −50.3K sh · −$12.2M−$AXP −6.31K sh · −$25.3M
Added from nil (new positions)
None this quarter
Exited to nil (held last quarter, gone now)
None this quarter
Sector allocation (share of reported value)
each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Industry allocation (share of reported value)
- Application Software29.0%—
- Asset Management & Custody Banks19.5%—
- Semiconductor Materials & Equipment13.5%—
- Aerospace & Defense12.2%—
- Telecom Tower REITs11.3%—
- Integrated Telecommunication Services7.8%—
- Consumer Finance6.1%—
- Data Center REITs0.3%—
- Other holdings0.3%—
the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Top S&P 500 holdings
10 of 10 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $LRCX | Lam Research Corporation | 1.07M | $229M | -222K | 13.5% |
| $TDG | Transdigm Group Incorporated | 179K | $207M | +7.98K | 12.2% |
| $PLTR | Palantir Technologies Inc | 1.32M | $193M | +419K | 11.4% |
| $AMT | American Tower Corporation | 1.11M | $192M | -50.3K | 11.3% |
| $FICO | Fair Isaac Corporation | 178K | $190M | +30K | 11.2% |
| $APO | Apollo Global Management Inc | 1.68M | $187M | +170K | 11.0% |
| $BX | Blackstone Inc | 1.23M | $142M | +79.8K | 8.3% |
| $T | AT&T Inc | 721K | $132M | -798 | 7.8% |
| $ADBE | Adobe Inc | 444K | $108M | +136K | 6.4% |
| $AXP | American Express Company | 340K | $103M | -6.31K | 6.1% |
…and 6 more holdings in the full 13F filing (top positions only shown).
SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported
← All 13F filers·← QuantOrb.pro
How to read Δ QoQ — the five insight categories, and the caveats
The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.
Conviction & concentration shifts
New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.
Sector & macro allocation rotations
Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.
Crowding & smart-money consensus
When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.
Derivative & option overlays
Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.
Who reads this
| Retail "cloners" | High-conviction ideas to replicate ~45 days after quarter-end. |
| Corporate IR | Which funds bought or dumped the stock, before the next call. |
| Quant / algo traders | Cross-sectional factor inputs: flow, momentum, ownership. |
Four caveats before you trade on it
- 45-day lag — holdings are quarter-end; positions may already be closed.
- Long-only — 13Fs miss shorts, pair trades and cash.
- No non-US / fixed income — the picture is US equities plus options.
- Corporate actions — splits and spinoffs distort raw share deltas.
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