Heard Capital LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Heard Capital LLC reported 21 stock positions worth $2.1 billion. Its top holding was Fair Isaac (FICO) at 11.8% of the portfolio, followed by Transdigm (TDG, 10.7%) and Lam Research (LRCX, 10.4%). Compared with Q3 2025, it added to 12 and reduced 6. The biggest buy was Apollo Global Management (APO, shares +4%) and the biggest sale Palantir Technologies Class A (PLTR, shares −13%).
- Most Recent 13F
- Q2 2026
- Location
- Chicago, IL
- CIK
- 0001796409
- Portfolio Value
- $2.1B (Q4 2025)
- SEC Filing
- 0001172661-26-000827 ↗ filed Feb 17, 2026
Holdings Value
Holdings 21 stocks · $2.1B
| FICO Fair Isaac Corp. | 11.78% | 148,398 | $250.9M | Reduce -0.8% |
| TDG Transdigm Group Inc. | 10.65% | 170,629 | $226.9M | Add +8.9% |
| LRCX Lam Research Corp. | 10.39% | 1,292,655 | $221.3M | Reduce -18.5% |
| APO Apollo Global Management Inc. | 10.28% | 1,512,015 | $218.9M | Add +3.7% |
| AMT American Tower Corp. | 9.58% | 1,162,440 | $204.1M | Add +14.4% |
| BX Blackstone Inc. | 8.34% | 1,153,040 | $177.7M | Add +6.2% |
| AVAV Aerovironment Inc. | 8.20% | 722,150 | $174.7M | Add +48.5% |
| PLTR Palantir Technologies Inc. Class A | 7.54% | 903,109 | $160.5M | Reduce -12.6% |
| AXP American Express Co. | 6.01% | 346,135 | $128.1M | Reduce -19.8% |
| ADBE Adobe Inc. | 5.06% | 308,002 | $107.8M | Add +3.9% |
| ESLT Elbit Systems Ltd. | 4.84% | 178,571 | $103.2M | Reduce -17.3% |
| MC Moelis & Co. Class A | 3.17% | 981,510 | $67.5M | Add +29.7% |
| ATEX Anterix Inc. | 1.76% | 1,716,738 | $37.5M | No change |
| TSAT Telesat Corp. | 1.68% | 1,227,343 | $35.7M | Reduce -16.6% |
| EQIX Equinix Inc. | 0.18% | 5,105 | $3.9M | Add +9.7% |
| AMZN Amazon.com Inc. | 0.18% | 16,620 | $3.8M | Add +0.7% |
| QCOM Qualcomm Inc. | 0.15% | 18,250 | $3.1M | Add +26.0% |
| ARES Ares Management Corp. Class A | 0.08% | 11,150 | $1.8M | No change |
| PLD Prologis Inc. | 0.05% | 8,600 | $1.1M | No change |
| PPLI People Inc. filed as IAC INC | 0.05% | 25,557 | $999K | Add +19.9% |
| CHTR Charter Communications Inc. Class A | 0.03% | 2,602 | $543K | Add +14.0% |
Portfolio Sells Q3 2025 → Q4 2025
| PLTR Palantir Technologies Inc. Class A | Reduce -12.6% | 7.54% | −1.61 |
| AXP American Express Co. | Reduce -19.8% | 6.01% | −0.95 |
| ESLT Elbit Systems Ltd. | Reduce -17.3% | 4.84% | −0.50 |
| TSAT Telesat Corp. | Reduce -16.6% | 1.68% | −0.22 |
| LRCX Lam Research Corp. | Reduce -18.5% | 10.39% | +0.09 |
| FICO Fair Isaac Corp. | Reduce -0.8% | 11.78% | +0.92 |
Portfolio Buys Q3 2025 → Q4 2025
| APO Apollo Global Management Inc. | Add +3.7% | 10.28% | +0.84 |
| AVAV Aerovironment Inc. | Add +48.5% | 8.20% | +0.77 |
| TDG Transdigm Group Inc. | Add +8.9% | 10.65% | +0.63 |
| MC Moelis & Co. Class A | Add +29.7% | 3.17% | +0.55 |
| AMT American Tower Corp. | Add +14.4% | 9.58% | +0.10 |
| QCOM Qualcomm Inc. | Add +26.0% | 0.15% | +0.03 |
| PPLI People Inc. | Add +19.9% | 0.05% | +0.01 |
| EQIX Equinix Inc. | Add +9.7% | 0.18% | +0.01 |
| AMZN Amazon.com Inc. | Add +0.7% | 0.18% | +0.00 |
| CHTR Charter Communications Inc. Class A | Add +14.0% | 0.03% | −0.01 |
| ADBE Adobe Inc. | Add +3.9% | 5.06% | −0.01 |
| BX Blackstone Inc. | Add +6.2% | 8.34% | −0.65 |
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 |