Heard Capital LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Heard Capital LLC reported 21 stock positions worth $1.9 billion. Its top holding was Transdigm (TDG) at 10.7% of the portfolio, followed by Fair Isaac (FICO, 10.0%) and American Tower (AMT, 9.5%). Compared with Q1 2025, it sold out of 1, added to 8 and reduced 7. The biggest buy was Apollo Global Management (APO, shares +14%) and the biggest sale Transdigm (TDG, shares −11%).
- Most Recent 13F
- Q2 2026
- Location
- Chicago, IL
- CIK
- 0001796409
- Portfolio Value
- $1.9B (Q2 2025)
- SEC Filing
- 0001172661-25-003442 ↗ filed Aug 14, 2025
Holdings Value
Holdings 21 stocks · $1.9B
| TDG Transdigm Group Inc. | 10.67% | 134,327 | $204.3M | Reduce -11.4% |
| FICO Fair Isaac Corp. | 10.00% | 104,724 | $191.4M | Add +9.9% |
| AMT American Tower Corp. | 9.53% | 825,210 | $182.4M | Add +3.0% |
| APO Apollo Global Management Inc. | 9.45% | 1,274,970 | $180.9M | Add +14.1% |
| ADBE Adobe Inc. | 9.24% | 457,332 | $176.9M | Add +16.9% |
| BX Blackstone Inc. | 9.06% | 1,159,720 | $173.5M | Add +5.4% |
| LRCX Lam Research Corp. | 8.91% | 1,752,190 | $170.6M | Reduce -8.1% |
| AVAV Aerovironment Inc. | 8.23% | 553,025 | $157.6M | Reduce -34.1% |
| AXP American Express Co. | 6.43% | 385,995 | $123.1M | Reduce -4.1% |
| PLTR Palantir Technologies Inc. Class A | 5.90% | 828,990 | $113.0M | Reduce -16.8% |
| ESLT Elbit Systems Ltd. | 4.59% | 195,398 | $87.8M | Add +1.4% |
| MC Moelis & Co. Class A | 3.00% | 920,240 | $57.3M | Reduce -0.5% |
| ATEX Anterix Inc. | 2.30% | 1,716,738 | $44.0M | No change |
| TSAT Telesat Corp. | 1.94% | 1,517,710 | $37.1M | Reduce -7.8% |
| EQIX Equinix Inc. | 0.19% | 4,653 | $3.7M | No change |
| AMZN Amazon.com Inc. | 0.19% | 16,500 | $3.6M | Add +0.6% |
| QCOM Qualcomm Inc. | 0.12% | 14,480 | $2.3M | No change |
| ARES Ares Management Corp. Class A | 0.10% | 11,150 | $1.9M | No change |
| CHTR Charter Communications Inc. Class A | 0.05% | 2,282 | $933K | No change |
| PLD Prologis Inc. | 0.05% | 8,600 | $904K | Add +57.8% |
| PPLI People Inc. filed as IAC INC | 0.04% | 21,307 | $796K | No change |
Portfolio Sells Q1 2025 → Q2 2025
| TDG Transdigm Group Inc. | Reduce -11.4% | 10.67% | −1.78 |
| MC Moelis & Co. Class A | Reduce -0.5% | 3.00% | −0.21 |
| BLK BlackRock Inc. | Sold out | 0.00% | −0.05 |
| AXP American Express Co. | Reduce -4.1% | 6.43% | +0.00 |
| TSAT Telesat Corp. | Reduce -7.8% | 1.94% | +0.10 |
| LRCX Lam Research Corp. | Reduce -8.1% | 8.91% | +0.68 |
| PLTR Palantir Technologies Inc. Class A | Reduce -16.8% | 5.90% | +0.91 |
| AVAV Aerovironment Inc. | Reduce -34.1% | 8.23% | +2.29 |
Portfolio Buys Q1 2025 → Q2 2025
| APO Apollo Global Management Inc. | Add +14.1% | 9.45% | +0.36 |
| ADBE Adobe Inc. | Add +16.9% | 9.24% | +0.33 |
| ESLT Elbit Systems Ltd. | Add +1.4% | 4.59% | +0.20 |
| PLD Prologis Inc. | Add +57.8% | 0.05% | +0.01 |
| AMZN Amazon.com Inc. | Add +0.6% | 0.19% | +0.00 |
| BX Blackstone Inc. | Add +5.4% | 9.06% | −0.07 |
| FICO Fair Isaac Corp. | Add +9.9% | 10.00% | −0.43 |
| AMT American Tower Corp. | Add +3.0% | 9.53% | −0.83 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 21 | $2.3B | LRCX, TDG, FICO, APO, ATEX |
| Q1 2026 | 21 | $1.9B | LRCX, TDG, PLTR, AMT, FICO |
| Q4 2025 | 21 | $2.1B | FICO, TDG, LRCX, APO, AMT |
| Q3 2025Amended | 21 | $2.1B | FICO, LRCX, TDG, AMT, APO |
| Q2 2025 | 21 | $1.9B | TDG, FICO, AMT, APO, ADBE |
| Q1 2025 | 22 | $1.7B | TDG, FICO, AMT, BX, APO |
| Q4 2024 | 22 | $1.7B | TDG, AMT, ADBE, BX, FICO |
| Q3 2024 | 22 | $1.8B | ADBE, TDG, AMT, BX, FICO |
| Q2 2024 | 22 | $1.6B | AMT, ADBE, BX, TDG, FICO |
| Q1 2024 | 22 | $1.6B | AMT, TDG, ADBE, BX, FICO |