Heard Capital LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Heard Capital LLC reported 21 stock positions worth $2.1 billion. Its top holding was Fair Isaac (FICO) at 10.9% of the portfolio, followed by Lam Research (LRCX, 10.3%) and Transdigm (TDG, 10.0%). Compared with Q2 2025, it added to 7 and reduced 6. The biggest buy was Palantir Technologies Class A (PLTR, shares +25%) and the biggest sale Adobe (ADBE, shares −35%).

Most Recent 13F
Q2 2026
Location
Chicago, IL
CIK
0001796409
Portfolio Value
$2.1B (Q3 2025)
SEC Filing
0001172661-25-004995 ↗ filed Nov 14, 2025

Holdings Value

0$500.0M$1.0B$1.5B$2.0B$2.5B Q1 2024: $1.6B Q1 2024 Q2 2024: $1.6B Q2 2024 Q3 2024: $1.8B Q3 2024 Q4 2024: $1.7B Q4 2024 Q1 2025: $1.7B Q1 2025 Q2 2025: $1.9B Q2 2025 Q3 2025: $2.1B $2.1B Q3 2025 Q4 2025: $2.1B Q4 2025 Q1 2026: $1.9B Q1 2026 Q2 2026: $2.3B Q2 2026

Holdings 21 stocks · $2.1B
FICO Fair Isaac Corp. 10.86% 149,530 $223.8M Add +42.8%
LRCX Lam Research Corp. 10.30% 1,585,240 $212.3M Reduce -9.5%
TDG Transdigm Group Inc. 10.02% 156,723 $206.6M Add +16.7%
AMT American Tower Corp. 9.48% 1,016,365 $195.5M Add +23.2%
APO Apollo Global Management Inc. 9.43% 1,458,695 $194.4M Add +14.4%
PLTR Palantir Technologies Inc. Class A 9.14% 1,032,918 $188.4M Add +24.6%
BX Blackstone Inc. 9.00% 1,085,430 $185.4M Reduce -6.4%
AVAV Aerovironment Inc. 7.43% 486,465 $153.2M Reduce -12.0%
AXP American Express Co. 6.96% 431,740 $143.4M Add +11.8%
ESLT Elbit Systems Ltd. 5.34% 215,840 $110.0M Add +10.5%
ADBE Adobe Inc. 5.07% 296,365 $104.5M Reduce -35.2%
MC Moelis & Co. Class A 2.62% 756,540 $54.0M Reduce -17.8%
TSAT Telesat Corp. 1.89% 1,472,335 $39.0M Reduce -3.0%
ATEX Anterix Inc. 1.79% 1,716,738 $36.9M No change
EQIX Equinix Inc. 0.18% 4,653 $3.6M No change
AMZN Amazon.com Inc. 0.18% 16,500 $3.6M No change
QCOM Qualcomm Inc. 0.12% 14,480 $2.4M No change
ARES Ares Management Corp. Class A 0.09% 11,150 $1.8M No change
PLD Prologis Inc. 0.05% 8,600 $985K No change
PPLI People Inc. filed as IAC INC 0.04% 21,307 $726K No change
CHTR Charter Communications Inc. Class A 0.03% 2,282 $628K No change

Portfolio Sells Q2 2025 → Q3 2025
ADBE Adobe Inc. Reduce -35.2% 5.07% −4.17
AVAV Aerovironment Inc. Reduce -12.0% 7.43% −0.80
MC Moelis & Co. Class A Reduce -17.8% 2.62% −0.38
BX Blackstone Inc. Reduce -6.4% 9.00% −0.07
TSAT Telesat Corp. Reduce -3.0% 1.89% −0.04
LRCX Lam Research Corp. Reduce -9.5% 10.30% +1.39

Portfolio Buys Q2 2025 → Q3 2025
PLTR Palantir Technologies Inc. Class A Add +24.6% 9.14% +3.24
FICO Fair Isaac Corp. Add +42.8% 10.86% +0.86
ESLT Elbit Systems Ltd. Add +10.5% 5.34% +0.75
AXP American Express Co. Add +11.8% 6.96% +0.53
APO Apollo Global Management Inc. Add +14.4% 9.43% −0.02
AMT American Tower Corp. Add +23.2% 9.48% −0.04
TDG Transdigm Group Inc. Add +16.7% 10.02% −0.65

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 21$2.3BLRCX, TDG, FICO, APO, ATEX
Q1 2026 21$1.9BLRCX, TDG, PLTR, AMT, FICO
Q4 2025 21$2.1BFICO, TDG, LRCX, APO, AMT
Q3 2025Amended 21$2.1BFICO, LRCX, TDG, AMT, APO
Q2 2025 21$1.9BTDG, FICO, AMT, APO, ADBE
Q1 2025 22$1.7BTDG, FICO, AMT, BX, APO
Q4 2024 22$1.7BTDG, AMT, ADBE, BX, FICO
Q3 2024 22$1.8BADBE, TDG, AMT, BX, FICO
Q2 2024 22$1.6BAMT, ADBE, BX, TDG, FICO
Q1 2024 22$1.6BAMT, TDG, ADBE, BX, FICO