Heron Bay Capital Management
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 11, 2025), Heron Bay Capital Management reported 112 stock positions worth $478.6 million. Its top holding was LPL Financial (LPLA) at 5.8% of the portfolio, followed by Vontier (VNT, 5.7%) and Consensus Cloud Solution (CCSI, 4.8%). Compared with Q3 2024, it opened 24 new positions, sold out of 17, added to 48 and reduced 36. The biggest buy was a new position in Trinet (TNET) and the biggest sale an exit from BNYM Alcentra GLBL CRDT 2024 (XDCFX).
- Most Recent 13F
- Q2 2026
- Location
- BLOOMFIELD HILLS, MI
- CIK
- 0001842149
- Portfolio Value
- $478.6M (Q4 2024)
- SEC Filing
- 0001951757-25-000235 ↗ filed Feb 11, 2025
Holdings Value
Holdings 112 stocks · $478.6M
| LPLA LPL Financial Holdings Inc. | 5.84% | 85,594 | $27.9M | Reduce -11.0% |
| VNT Vontier Corp. | 5.72% | 750,908 | $27.4M | Add +0.7% |
| CCSI Consensus Cloud Solution | 4.81% | 965,314 | $23.0M | Add +3.5% |
| MSFT Microsoft Corp. | 4.34% | 49,315 | $20.8M | Add +3.0% |
| GOOGL Alphabet Inc. Class A | 4.30% | 108,674 | $20.6M | Add +1.5% |
| SSNC Ss&c Technologies Holdings | 4.06% | 256,284 | $19.4M | Reduce -8.6% |
| SCHW Schwab (charles) Corp. | 4.00% | 258,872 | $19.2M | Reduce -4.3% |
| FDS Factset Research Systems Inc. | 3.72% | 37,078 | $17.8M | Reduce -5.2% |
| AMZN Amazon.com Inc. | 3.64% | 79,488 | $17.4M | Add +0.5% |
| ULTA Ulta Beauty Inc. | 3.53% | 38,810 | $16.9M | Add +0.4% |
| META Meta Platforms Inc. Class A | 3.24% | 26,502 | $15.5M | Reduce -0.6% |
| FOXA Fox Corp. Class A | 3.15% | 310,849 | $15.1M | Reduce -11.5% |
| TRU Transunion | 3.06% | 158,157 | $14.7M | Reduce -4.8% |
| ROK Rockwell Automation Inc. | 2.61% | 43,749 | $12.5M | Reduce -0.1% |
| AAPL Apple Inc. | 2.54% | 48,473 | $12.1M | Add +0.3% |
| WBD Warner Bros Discovery Inc. | 2.53% | 1,145,169 | $12.1M | Add +1.5% |
| ZBRA Zebra Technologies Corp. Class A | 2.48% | 30,739 | $11.9M | Add +0.3% |
| MCK McKesson Corp. | 2.30% | 19,316 | $11.0M | Add +2.4% |
| IJR iShares Core S&P Small-Cap E | 2.20% | 91,467 | $10.5M | Add +1.5% |
| BRO Brown & Brown Inc. | 2.10% | 98,584 | $10.1M | Reduce -0.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.81% | 19,138 | $8.7M | Add +0.1% |
| THQ Abrdn Healthcare Opport | 1.78% | 451,311 | $8.5M | Add +1.1% |
| KKR KKR & Co. Inc. | 1.46% | 47,120 | $7.0M | Reduce -14.4% |
| MSCI MSCI Inc. | 1.46% | 11,607 | $7.0M | Add +0.8% |
| IWN iShares Russell 2000 Value E | 1.35% | 39,395 | $6.5M | Reduce -0.1% |
| EBAY eBay Inc. | 1.34% | 103,726 | $6.4M | Add +0.8% |
| LRCX Lam Research Corp. | 1.28% | 84,530 | $6.1M | Add +0.3% |
| LH Labcorp Holdings Inc. | 1.19% | 24,928 | $5.7M | Reduce -4.1% |
| CMCSA Comcast Corp. Class A | 1.15% | 147,054 | $5.5M | Reduce -4.1% |
| CPAY Corpay Inc. | 1.15% | 16,207 | $5.5M | Add +0.2% |
| TXN Texas Instruments Inc. | 0.99% | 25,379 | $4.8M | Reduce -26.8% |
| XETYX Eaton Vance Tax-MGD Div Eqty | 0.99% | 316,354 | $4.7M | Reduce -0.1% |
| BUD Anheuser-Busch Inbev-SPN ADR | 0.97% | 93,049 | $4.7M | Reduce -5.3% |
| PRGS Progress Software Corp. | 0.97% | 71,499 | $4.7M | Add +2.6% |
| CHKP Check Point Software Tech | 0.91% | 23,335 | $4.4M | Reduce -19.3% |
| TNET Trinet Group Inc. | 0.89% | 47,049 | $4.3M | New |
| NMAI Nuveen Multi-Asset Income | 0.79% | 315,219 | $3.8M | Reduce -0.1% |
| GOOG Alphabet Inc. Class C | 0.70% | 17,687 | $3.4M | Add +1.8% |
| AVUV Avantis US Small Cap Value | 0.61% | 30,169 | $2.9M | Reduce -1.9% |
| APAM Artisan Partners Asset Ma -A | 0.59% | 66,041 | $2.8M | Reduce -39.3% |
| TAP Molson Coors Beverage Co. Class B | 0.53% | 44,668 | $2.6M | Reduce -10.6% |
| POOL Pool Corp. | 0.51% | 7,128 | $2.4M | Add +2.4% |
| EXEL Exelixis Inc. | 0.49% | 70,061 | $2.3M | Add +1.0% |
| JNJ Johnson & Johnson | 0.45% | 14,978 | $2.2M | Reduce -3.1% |
| ZM Zoom Communications Inc. | 0.45% | 26,523 | $2.2M | Add +0.9% |
| DOCU Docusign Inc. | 0.30% | 16,183 | $1.5M | Reduce -0.0% |
| ETSY Etsy Inc. | 0.22% | 20,260 | $1.1M | Add +1.3% |
| TSM Taiwan Semiconductor-SP ADR | 0.22% | 5,373 | $1.1M | Add +0.3% |
| INCY Incyte Corp. | 0.22% | 15,302 | $1.1M | Add +2.0% |
| CRUS Cirrus Logic Inc. | 0.22% | 10,528 | $1.0M | Add +0.8% |
| QRVO Qorvo Inc. | 0.20% | 13,890 | $971K | New |
| CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC | 0.19% | 10,617 | $906K | Add +0.6% |
| UNH Unitedhealth Group Inc. | 0.18% | 1,659 | $839K | Reduce -2.1% |
| QLTY GMO U.S. Quality ETF | 0.17% | 25,963 | $830K | Reduce -6.9% |
| BN Brookfield Corp. | 0.15% | 12,908 | $742K | Reduce -0.1% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.14% | 1 | $681K | No change |
| BMY Bristol-Myers Squibb Co. | 0.13% | 10,795 | $611K | Add +2.1% |
| BSCQ Invesco Bulletshares 2026 CB | 0.12% | 29,206 | $567K | No change |
| ACN Accenture PLC Class A | 0.11% | 1,526 | $537K | Add +0.7% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.11% | 4,800 | $534K | No change |
| AVK Advent Convert & Income | 0.11% | 42,823 | $504K | Add +21.9% |
| DBX Dropbox Inc. Class A | 0.11% | 16,769 | $504K | Add +2.3% |
| ITRN Ituran Location and Control | 0.10% | 15,845 | $494K | Add +25.7% |
| EG Everest Group Ltd. | 0.10% | 1,327 | $481K | Add +0.8% |
| ACGL Arch Capital Group Ltd. | 0.10% | 4,940 | $456K | Add +0.7% |
| CB Chubb Ltd. | 0.09% | 1,545 | $427K | No change |
| UPLD Upland Software Inc. | 0.09% | 96,963 | $421K | Add +22.9% |
| OTEX Open Text Corp. | 0.08% | 13,803 | $391K | Add +0.7% |
| IBEX Ibex Ltd. | 0.08% | 17,640 | $379K | Add +4.8% |
| EXPE Expedia Group Inc. | 0.08% | 2,009 | $374K | Add +9.5% |
| CCLD Carecloud Inc. | 0.08% | 101,119 | $370K | Add +48.5% |
| GIFI Gulf Island Fabrication Inc. | 0.07% | 51,863 | $353K | Add +29.1% |
| BHP BHP Group Ltd.-Spon ADR | 0.06% | 5,894 | $288K | Add +1.0% |
| NVDA Nvidia Corp. | 0.06% | 2,131 | $286K | New |
| FEIM Frequency Electronics Inc. | 0.06% | 14,264 | $264K | Add +3.2% |
| WMT Walmart Inc. | 0.05% | 2,862 | $259K | Reduce -3.3% |
| ZD Ziff Davis Inc. | 0.05% | 4,655 | $253K | Reduce -65.7% |
| FSTR Foster (lb) Co. Class A | 0.05% | 9,269 | $249K | New |
| MAPS WM Technology Inc. | 0.05% | 174,737 | $241K | New |
| CCEL Cryo-Cell Intl Inc. | 0.05% | 31,766 | $235K | New |
| QCOM Qualcomm Inc. | 0.05% | 1,490 | $229K | New |
| MSB Mesabi Trust | 0.04% | 7,315 | $204K | New |
| MRK Merck & Co. Inc. | 0.04% | 2,054 | $204K | Reduce -3.2% |
| BOXX Alpha Architect 1-3 MNTH Box | 0.04% | 1,838 | $203K | New |
| BAM Brookfield Asset Mgmt-A | 0.04% | 3,712 | $201K | New |
| MGIC Magic Software Enterprises | 0.04% | 15,234 | $183K | New |
| QUAD Quad Graphics Inc. | 0.04% | 25,073 | $175K | Add +3.1% |
| PPIH Perma-Pipe International Hol | 0.03% | 11,014 | $165K | Reduce -11.8% |
| SCOR Comscore Inc. | 0.03% | 27,317 | $160K | New |
| HRTG Heritage Insurance Holdings | 0.03% | 12,925 | $156K | Reduce -21.3% |
| CRNT Ceragon Networks Ltd. | 0.03% | 30,406 | $142K | Add +3.6% |
| UG United Guardian Inc. | 0.03% | 13,966 | $135K | New |
| ABEV Ambev SA-ADR | 0.03% | 67,463 | $125K | Add +252.0% |
| MG Mistras Group Inc. | 0.02% | 12,388 | $112K | Reduce -19.7% |
| ZDGE Zedge Inc. Class B | 0.02% | 40,865 | $110K | Reduce -45.8% |
| BWAY Brainsway Ltd.-ADR | 0.02% | 11,044 | $104K | Reduce -0.3% |
| CHCI Comstock Holding Companies | 0.02% | 12,677 | $101K | Add +5.6% |
| OPFI Oppfi Inc. | 0.02% | 13,219 | $101K | Reduce -72.5% |
| TEAD Teads Holding Co. filed as OUTBRAIN INC | 0.02% | 13,340 | $96K | New |
| DH Definitive Healthcare Corp. | 0.02% | 21,719 | $89K | New |
Portfolio Sells Q3 2024 → Q4 2024
| XDCFX BNYM Alcentra GLBL CRDT 2024 | Sold out | 0.00% | −2.71 |
| TRU Transunion | Reduce -4.8% | 3.06% | −0.60 |
| TXN Texas Instruments Inc. | Reduce -26.8% | 0.99% | −0.51 |
| APAM Artisan Partners Asset Ma -A | Reduce -39.3% | 0.59% | −0.40 |
| BUD Anheuser-Busch Inbev-SPN ADR | Reduce -5.3% | 0.97% | −0.40 |
| SSNC Ss&c Technologies Holdings | Reduce -8.6% | 4.06% | −0.32 |
| CHKP Check Point Software Tech | Reduce -19.3% | 0.91% | −0.26 |
| CMCSA Comcast Corp. Class A | Reduce -4.1% | 1.15% | −0.19 |
| BSCO Invesco Bulletshares 2024 CB | Sold out | 0.00% | −0.13 |
| ZD Ziff Davis Inc. | Reduce -65.7% | 0.05% | −0.09 |
| NMAI Nuveen Multi-Asset Income | Reduce -0.1% | 0.79% | −0.08 |
| JNJ Johnson & Johnson | Reduce -3.1% | 0.45% | −0.07 |
| TAP Molson Coors Beverage Co. Class B | Reduce -10.6% | 0.53% | −0.07 |
| FDS Factset Research Systems Inc. | Reduce -5.2% | 3.72% | −0.06 |
| LTRX Lantronix Inc. | Sold out | 0.00% | −0.06 |
| KKR KKR & Co. Inc. | Reduce -14.4% | 1.46% | −0.06 |
| DSP Viant Technology Inc. Class A | Sold out | 0.00% | −0.06 |
| BRO Brown & Brown Inc. | Reduce -0.3% | 2.10% | −0.05 |
| IDCC Interdigital Inc. | Sold out | 0.00% | −0.05 |
| MEDP Medpace Holdings Inc. | Sold out | 0.00% | −0.05 |
| SNPS Synopsys Inc. | Sold out | 0.00% | −0.04 |
| PTVE Pactiv Evergreen Inc. | Sold out | 0.00% | −0.04 |
| ZDGE Zedge Inc. Class B | Reduce -45.8% | 0.02% | −0.04 |
| NL Nli Holdings Inc. | Sold out | 0.00% | −0.03 |
| UNH Unitedhealth Group Inc. | Reduce -2.1% | 0.18% | −0.03 |
| APEI American Public Education | Sold out | 0.00% | −0.03 |
| IWN iShares Russell 2000 Value E | Reduce -0.1% | 1.35% | −0.03 |
| LFVN Lifevantage Corp. | Sold out | 0.00% | −0.03 |
| KINS Kingstone Cos Inc. | Sold out | 0.00% | −0.03 |
| LH Labcorp Holdings Inc. | Reduce -4.1% | 1.19% | −0.03 |
| OPFI Oppfi Inc. | Reduce -72.5% | 0.02% | −0.03 |
| AIRI Air Industries Group | Reduce -58.2% | 0.01% | −0.02 |
| GASS Stealthgas Inc. | Sold out | 0.00% | −0.02 |
| TACT Transact Technologies Inc. | Sold out | 0.00% | −0.02 |
| CXDO Crexendo Inc. | Sold out | 0.00% | −0.02 |
| QLTY GMO U.S. Quality ETF | Reduce -6.9% | 0.17% | −0.02 |
| MG Mistras Group Inc. | Reduce -19.7% | 0.02% | −0.01 |
| IPW Ipower Inc. | Sold out | 0.00% | −0.01 |
| AVUV Avantis US Small Cap Value | Reduce -1.9% | 0.61% | −0.01 |
| HRTG Heritage Insurance Holdings | Reduce -21.3% | 0.03% | −0.01 |
| MRK Merck & Co. Inc. | Reduce -3.2% | 0.04% | −0.01 |
| BTCS BTCS Inc. | Sold out | 0.00% | −0.01 |
| BWAY Brainsway Ltd.-ADR | Reduce -0.3% | 0.02% | +0.00 |
| PPIH Perma-Pipe International Hol | Reduce -11.8% | 0.03% | +0.00 |
| WMT Walmart Inc. | Reduce -3.3% | 0.05% | +0.00 |
| BN Brookfield Corp. | Reduce -0.1% | 0.15% | +0.01 |
| XETYX Eaton Vance Tax-MGD Div Eqty | Reduce -0.1% | 0.99% | +0.01 |
| FOXA Fox Corp. Class A | Reduce -11.5% | 3.15% | +0.03 |
| META Meta Platforms Inc. Class A | Reduce -0.6% | 3.24% | +0.03 |
| DOCU Docusign Inc. | Reduce -0.0% | 0.30% | +0.09 |
Portfolio Buys Q3 2024 → Q4 2024
| TNET Trinet Group Inc. | New | 0.89% | +0.89 |
| WBD Warner Bros Discovery Inc. | Add +1.5% | 2.53% | +0.57 |
| GOOGL Alphabet Inc. Class A | Add +1.5% | 4.30% | +0.56 |
| AMZN Amazon.com Inc. | Add +0.5% | 3.64% | +0.54 |
| VNT Vontier Corp. | Add +0.7% | 5.72% | +0.43 |
| ULTA Ulta Beauty Inc. | Add +0.4% | 3.53% | +0.36 |
| MCK McKesson Corp. | Add +2.4% | 2.30% | +0.34 |
| QRVO Qorvo Inc. | New | 0.20% | +0.20 |
| CCSI Consensus Cloud Solution | Add +3.5% | 4.81% | +0.19 |
| AAPL Apple Inc. | Add +0.3% | 2.54% | +0.17 |
| EXEL Exelixis Inc. | Add +1.0% | 0.49% | +0.11 |
| GOOG Alphabet Inc. Class C | Add +1.8% | 0.70% | +0.09 |
| ZBRA Zebra Technologies Corp. Class A | Add +0.3% | 2.48% | +0.09 |
| CPAY Corpay Inc. | Add +0.2% | 1.15% | +0.08 |
| ZM Zoom Communications Inc. | Add +0.9% | 0.45% | +0.07 |
| NVDA Nvidia Corp. | New | 0.06% | +0.06 |
| FSTR Foster (lb) Co. Class A | New | 0.05% | +0.05 |
| MAPS WM Technology Inc. | New | 0.05% | +0.05 |
| CCEL Cryo-Cell Intl Inc. | New | 0.05% | +0.05 |
| QCOM Qualcomm Inc. | New | 0.05% | +0.05 |
| UPLD Upland Software Inc. | Add +22.9% | 0.09% | +0.05 |
| MSCI MSCI Inc. | Add +0.8% | 1.46% | +0.04 |
| MSB Mesabi Trust | New | 0.04% | +0.04 |
| BOXX Alpha Architect 1-3 MNTH Box | New | 0.04% | +0.04 |
| BAM Brookfield Asset Mgmt-A | New | 0.04% | +0.04 |
| CCLD Carecloud Inc. | Add +48.5% | 0.08% | +0.04 |
| MGIC Magic Software Enterprises | New | 0.04% | +0.04 |
| SCOR Comscore Inc. | New | 0.03% | +0.03 |
| ITRN Ituran Location and Control | Add +25.7% | 0.10% | +0.03 |
| UG United Guardian Inc. | New | 0.03% | +0.03 |
| GIFI Gulf Island Fabrication Inc. | Add +29.1% | 0.07% | +0.03 |
| TSM Taiwan Semiconductor-SP ADR | Add +0.3% | 0.22% | +0.03 |
| EXPE Expedia Group Inc. | Add +9.5% | 0.08% | +0.02 |
| FEIM Frequency Electronics Inc. | Add +3.2% | 0.06% | +0.02 |
| TEAD Teads Holding Co. | New | 0.02% | +0.02 |
| AVK Advent Convert & Income | Add +21.9% | 0.11% | +0.02 |
| DH Definitive Healthcare Corp. | New | 0.02% | +0.02 |
| GILT Gilat Satellite Networks Ltd. | New | 0.02% | +0.02 |
| SNAL Snail Inc. | New | 0.02% | +0.02 |
| SSUP Superior Industries Intl | New | 0.02% | +0.02 |
| DBX Dropbox Inc. Class A | Add +2.3% | 0.11% | +0.02 |
| ABEV Ambev SA-ADR | Add +252.0% | 0.03% | +0.02 |
| VMEO Vimeo Inc. | New | 0.02% | +0.02 |
| EGHT 8X8 Inc. | New | 0.01% | +0.01 |
| QUAD Quad Graphics Inc. | Add +3.1% | 0.04% | +0.01 |
| CRNT Ceragon Networks Ltd. | Add +3.6% | 0.03% | +0.01 |
| BMY Bristol-Myers Squibb Co. | Add +2.1% | 0.13% | +0.01 |
| INCY Incyte Corp. | Add +2.0% | 0.22% | +0.01 |
| FPAYQ Flexshopper Inc. | New | 0.01% | +0.01 |
| RSSS Research Solutions Inc. | New | 0.01% | +0.01 |
Notes & Other Activity Q3 2024 → Q4 2024
| ADVENT CONVERTIBLE AND INCOM | RIGHT 10/17/2024 | Sold out | 35,113 | $699before exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 97 | $1.1B | CCSI, LPLA, AMZN, VNT, SCHW |
| Q1 2026 | 78 | $1.1B | VNT, LPLA, SCHW, AMZN, GOOGL |
| Q4 2025 | 112 | $524.3M | VNT, LPLA, GOOGL, CCSI, SCHW |
| Q3 2025 | 109 | $535.8M | CCSI, VNT, GOOGL, LPLA, SCHW |
| Q2 2025 | 114 | $508.2M | VNT, LPLA, CCSI, GOOGL, MSFT |
| Q1 2025 | 116 | $475.7M | LPLA, VNT, CCSI, GOOGL, SSNC |
| Q4 2024 | 112 | $478.6M | LPLA, VNT, CCSI, MSFT, GOOGL |
| Q3 2024 | 105 | $475.4M | VNT, LPLA, CCSI, SSNC, MSFT |
| Q2 2024 | 93 | $469.5M | VNT, LPLA, GOOGL, SCHW, MSFT |
| Q1 2024 | 106 | $471.3M | VNT, LPLA, SCHW, MSFT, GOOGL |