Heron Bay Capital Management
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 13, 2025), Heron Bay Capital Management reported 116 stock positions worth $475.7 million. Its top holding was LPL Financial (LPLA) at 5.8% of the portfolio, followed by Vontier (VNT, 5.2%) and Consensus Cloud Solution (CCSI, 4.7%). Compared with Q4 2024, it opened 21 new positions, sold out of 17, added to 41 and reduced 47. The biggest buy was a new position in Medpace (MEDP) and the biggest sale Apple (AAPL, shares −44%).
- Most Recent 13F
- Q2 2026
- Location
- BLOOMFIELD HILLS, MI
- CIK
- 0001842149
- Portfolio Value
- $475.7M (Q1 2025)
- SEC Filing
- 0001951757-25-000547 ↗ filed May 13, 2025
Holdings Value
Holdings 116 stocks · $475.7M
| LPLA LPL Financial Holdings Inc. | 5.79% | 84,239 | $27.6M | Reduce -1.6% |
| VNT Vontier Corp. | 5.23% | 757,713 | $24.9M | Add +0.9% |
| CCSI Consensus Cloud Solution | 4.71% | 971,674 | $22.4M | Add +0.7% |
| GOOGL Alphabet Inc. Class A | 4.56% | 140,427 | $21.7M | Add +29.2% |
| SSNC Ss&c Technologies Holdings | 4.47% | 254,537 | $21.3M | Reduce -0.7% |
| SCHW Schwab (charles) Corp. | 4.40% | 267,203 | $20.9M | Add +3.2% |
| MSFT Microsoft Corp. | 3.82% | 48,467 | $18.2M | Reduce -1.7% |
| FDS Factset Research Systems Inc. | 3.54% | 37,011 | $16.8M | Reduce -0.2% |
| AMZN Amazon.com Inc. | 3.51% | 87,755 | $16.7M | Add +10.4% |
| FOXA Fox Corp. Class A | 3.37% | 283,364 | $16.0M | Reduce -8.8% |
| META Meta Platforms Inc. Class A | 3.15% | 25,998 | $15.0M | Reduce -1.9% |
| WBD Warner Bros Discovery Inc. | 2.77% | 1,226,673 | $13.2M | Add +7.1% |
| TRU Transunion | 2.75% | 157,381 | $13.1M | Reduce -0.5% |
| MCK McKesson Corp. | 2.72% | 19,206 | $12.9M | Reduce -0.6% |
| ULTA Ulta Beauty Inc. | 2.62% | 33,965 | $12.4M | Reduce -12.5% |
| BRO Brown & Brown Inc. | 2.56% | 97,868 | $12.2M | Reduce -0.7% |
| ROK Rockwell Automation Inc. | 2.35% | 43,215 | $11.2M | Reduce -1.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.08% | 18,583 | $9.9M | Reduce -2.9% |
| ZBRA Zebra Technologies Corp. Class A | 2.05% | 34,457 | $9.7M | Add +12.1% |
| IJR iShares Core S&P Small-Cap E | 2.01% | 91,440 | $9.6M | Reduce -0.0% |
| THQ Abrdn Healthcare Opport | 1.97% | 454,775 | $9.4M | Add +0.8% |
| KKR KKR & Co. Inc. | 1.44% | 59,201 | $6.8M | Add +25.6% |
| MSCI MSCI Inc. | 1.38% | 11,610 | $6.6M | Add +0.0% |
| AAPL Apple Inc. | 1.27% | 27,218 | $6.0M | Reduce -43.9% |
| LRCX Lam Research Corp. | 1.26% | 82,735 | $6.0M | Reduce -2.1% |
| MEDP Medpace Holdings Inc. | 1.25% | 19,583 | $6.0M | New |
| BUD Anheuser-Busch Inbev-SPN ADR | 1.19% | 91,899 | $5.7M | Reduce -1.2% |
| CPAY Corpay Inc. | 1.17% | 16,027 | $5.6M | Reduce -1.1% |
| LH Labcorp Holdings Inc. | 1.15% | 23,416 | $5.4M | Reduce -6.1% |
| CHKP Check Point Software Tech | 1.11% | 23,199 | $5.3M | Reduce -0.6% |
| CMCSA Comcast Corp. Class A | 1.06% | 137,303 | $5.1M | Reduce -6.6% |
| PRGS Progress Software Corp. | 1.05% | 97,010 | $5.0M | Add +35.7% |
| TNET Trinet Group Inc. | 1.02% | 61,333 | $4.9M | Add +30.4% |
| CRM Salesforce Inc. | 1.01% | 17,947 | $4.8M | New |
| IWN iShares Russell 2000 Value E | 0.99% | 31,350 | $4.7M | Reduce -20.4% |
| XETYX Eaton Vance Tax-MGD Div Eqty | 0.95% | 316,634 | $4.5M | Add +0.1% |
| TXN Texas Instruments Inc. | 0.94% | 25,000 | $4.5M | Reduce -1.5% |
| AVUV Avantis US Small Cap Value | 0.83% | 45,397 | $4.0M | Add +50.5% |
| POOL Pool Corp. | 0.80% | 11,970 | $3.8M | Add +67.9% |
| NMAI Nuveen Multi-Asset Income | 0.80% | 315,139 | $3.8M | Reduce -0.0% |
| ZTS Zoetis Inc. | 0.66% | 19,026 | $3.1M | New |
| GOOG Alphabet Inc. Class C | 0.58% | 17,575 | $2.7M | Reduce -0.6% |
| EXEL Exelixis Inc. | 0.57% | 73,726 | $2.7M | Add +5.2% |
| CRUS Cirrus Logic Inc. | 0.52% | 24,997 | $2.5M | Add +137.4% |
| BMY Bristol-Myers Squibb Co. | 0.48% | 37,500 | $2.3M | Add +247.4% |
| SWKS Skyworks Solutions Inc. | 0.48% | 35,045 | $2.3M | New |
| INCY Incyte Corp. | 0.44% | 34,312 | $2.1M | Add +124.2% |
| ZM Zoom Communications Inc. | 0.43% | 27,529 | $2.0M | Add +3.8% |
| DOCU Docusign Inc. | 0.27% | 16,027 | $1.3M | Reduce -1.0% |
| ETSY Etsy Inc. | 0.26% | 25,996 | $1.2M | Add +28.3% |
| DBX Dropbox Inc. Class A | 0.24% | 42,483 | $1.1M | Add +153.3% |
| QRVO Qorvo Inc. | 0.21% | 13,902 | $1.0M | Add +0.1% |
| BWA Borgwarner Inc. | 0.18% | 30,532 | $875K | New |
| UNH Unitedhealth Group Inc. | 0.18% | 1,653 | $866K | Reduce -0.4% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.17% | 1 | $798K | No change |
| HPQ HP Inc. | 0.15% | 26,510 | $734K | New |
| TSM Taiwan Semiconductor-SP ADR | 0.15% | 4,271 | $709K | Reduce -20.5% |
| BN Brookfield Corp. | 0.14% | 12,952 | $679K | Add +0.3% |
| EG Everest Group Ltd. | 0.14% | 1,837 | $667K | Add +38.4% |
| BSCQ Invesco Bulletshares 2026 CB | 0.12% | 29,206 | $569K | No change |
| ITRN Ituran Location and Control | 0.12% | 15,549 | $562K | Reduce -1.9% |
| QLTY GMO U.S. Quality ETF | 0.12% | 17,924 | $560K | Reduce -31.0% |
| EBAY eBay Inc. | 0.11% | 7,519 | $509K | Reduce -92.8% |
| AVK Advent Convert & Income | 0.10% | 42,823 | $494K | No change |
| ACN Accenture PLC Class A | 0.10% | 1,533 | $478K | Add +0.5% |
| ACGL Arch Capital Group Ltd. | 0.10% | 4,964 | $477K | Add +0.5% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.10% | 4,800 | $474K | No change |
| CB Chubb Ltd. | 0.10% | 1,545 | $467K | No change |
| OTEX Open Text Corp. | 0.08% | 14,252 | $360K | Add +3.3% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.07% | 5,128 | $356K | New |
| SNCR Synchronoss Technologies Inc. | 0.07% | 31,561 | $344K | New |
| QCOM Qualcomm Inc. | 0.07% | 2,187 | $336K | Add +46.8% |
| EXPE Expedia Group Inc. | 0.07% | 1,845 | $310K | Reduce -8.2% |
| BHP BHP Group Ltd.-Spon ADR | 0.06% | 5,960 | $289K | Add +1.1% |
| MRK Merck & Co. Inc. | 0.06% | 3,201 | $287K | Add +55.8% |
| IBEX Ibex Ltd. | 0.06% | 11,670 | $284K | Reduce -33.8% |
| HRTG Heritage Insurance Holdings | 0.06% | 19,175 | $277K | Add +48.4% |
| QUAD Quad Graphics Inc. | 0.06% | 50,360 | $274K | Add +100.8% |
| UPLD Upland Software Inc. | 0.06% | 95,183 | $272K | Reduce -1.8% |
| WMT Walmart Inc. | 0.05% | 2,862 | $251K | No change |
| ZENVF Zenvia Inc. Class A | 0.05% | 105,058 | $222K | New |
| NVDA Nvidia Corp. | 0.05% | 1,998 | $217K | Reduce -6.2% |
| BLIN Bridgeline Digital Inc. | 0.04% | 143,093 | $212K | New |
| MSB Mesabi Trust | 0.04% | 7,737 | $209K | Add +5.8% |
| NCSM NCS Multistage Holdings Inc. | 0.04% | 5,834 | $204K | New |
| CMT Core Molding Technologies Inc. | 0.04% | 13,019 | $198K | New |
| CCEL Cryo-Cell Intl Inc. | 0.04% | 30,913 | $197K | Reduce -2.7% |
| MGIC Magic Software Enterprises | 0.04% | 14,984 | $195K | Reduce -1.6% |
| MAPS WM Technology Inc. | 0.04% | 171,396 | $194K | Reduce -1.9% |
| CCLD Carecloud Inc. | 0.04% | 121,383 | $169K | Add +20.0% |
| GIFI Gulf Island Fabrication Inc. | 0.04% | 26,115 | $169K | Reduce -49.6% |
| SSP Ew Scripps Co./the-A filed as SCRIPPS E W CO OHIO | 0.03% | 50,290 | $149K | Add +342.3% |
| ABEV Ambev SA-ADR | 0.03% | 62,762 | $146K | Reduce -7.0% |
| TRVG Trivago NV - ADR | 0.03% | 32,749 | $134K | New |
| MHH Mastech Digital Inc. | 0.03% | 12,851 | $131K | New |
| MG Mistras Group Inc. | 0.03% | 11,880 | $126K | Reduce -4.1% |
| TEAD Teads Holding Co. filed as OUTBRAIN INC | 0.03% | 33,322 | $124K | Add +149.8% |
| CHCI Comstock Holding Companies | 0.02% | 12,544 | $108K | Reduce -1.1% |
| CVU Cpi Aerostructures Inc. | 0.02% | 30,868 | $107K | New |
| HNNA Hennessy Advisors Inc. | 0.02% | 10,456 | $104K | New |
Portfolio Sells Q4 2024 → Q1 2025
| AAPL Apple Inc. | Reduce -43.9% | 1.27% | −1.27 |
| EBAY eBay Inc. | Reduce -92.8% | 0.11% | −1.24 |
| ULTA Ulta Beauty Inc. | Reduce -12.5% | 2.62% | −0.91 |
| APAM Artisan Partners Asset Ma -A | Sold out | 0.00% | −0.59 |
| TAP Molson Coors Beverage Co. Class B | Sold out | 0.00% | −0.53 |
| MSFT Microsoft Corp. | Reduce -1.7% | 3.82% | −0.52 |
| JNJ Johnson & Johnson | Sold out | 0.00% | −0.45 |
| IWN iShares Russell 2000 Value E | Reduce -20.4% | 0.99% | −0.36 |
| TRU Transunion | Reduce -0.5% | 2.75% | −0.32 |
| ROK Rockwell Automation Inc. | Reduce -1.2% | 2.35% | −0.27 |
| IJR iShares Core S&P Small-Cap E | Reduce -0.0% | 2.01% | −0.19 |
| CF CF Industries Holdings Inc. | Sold out | 0.00% | −0.19 |
| FDS Factset Research Systems Inc. | Reduce -0.2% | 3.54% | −0.18 |
| GOOG Alphabet Inc. Class C | Reduce -0.6% | 0.58% | −0.13 |
| META Meta Platforms Inc. Class A | Reduce -1.9% | 3.15% | −0.09 |
| CMCSA Comcast Corp. Class A | Reduce -6.6% | 1.06% | −0.09 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -20.5% | 0.15% | −0.07 |
| QLTY GMO U.S. Quality ETF | Reduce -31.0% | 0.12% | −0.06 |
| FEIM Frequency Electronics Inc. | Sold out | 0.00% | −0.06 |
| ZD Ziff Davis Inc. | Sold out | 0.00% | −0.05 |
| FSTR Foster (lb) Co. Class A | Sold out | 0.00% | −0.05 |
| TXN Texas Instruments Inc. | Reduce -1.5% | 0.94% | −0.05 |
| LH Labcorp Holdings Inc. | Reduce -6.1% | 1.15% | −0.05 |
| LPLA LPL Financial Holdings Inc. | Reduce -1.6% | 5.79% | −0.05 |
| BOXX Alpha Architect 1-3 MNTH Box | Sold out | 0.00% | −0.04 |
| BAM Brookfield Asset Mgmt-A | Sold out | 0.00% | −0.04 |
| GIFI Gulf Island Fabrication Inc. | Reduce -49.6% | 0.04% | −0.04 |
| PPIH Perma-Pipe International Hol | Sold out | 0.00% | −0.03 |
| UPLD Upland Software Inc. | Reduce -1.8% | 0.06% | −0.03 |
| DOCU Docusign Inc. | Reduce -1.0% | 0.27% | −0.03 |
| CRNT Ceragon Networks Ltd. | Sold out | 0.00% | −0.03 |
| UG United Guardian Inc. | Sold out | 0.00% | −0.03 |
| BWAY Brainsway Ltd.-ADR | Sold out | 0.00% | −0.02 |
| OPFI Oppfi Inc. | Sold out | 0.00% | −0.02 |
| IBEX Ibex Ltd. | Reduce -33.8% | 0.06% | −0.02 |
| SCOR Comscore Inc. | Reduce -59.1% | 0.02% | −0.02 |
| VMEO Vimeo Inc. | Sold out | 0.00% | −0.02 |
| NVDA Nvidia Corp. | Reduce -6.2% | 0.05% | −0.01 |
| EXPE Expedia Group Inc. | Reduce -8.2% | 0.07% | −0.01 |
| ZDGE Zedge Inc. Class B | Reduce -44.1% | 0.01% | −0.01 |
| LRCX Lam Research Corp. | Reduce -2.1% | 1.26% | −0.01 |
| AIRI Air Industries Group | Sold out | 0.00% | −0.01 |
| GTEC Greenland Technologies-A | Sold out | 0.00% | −0.01 |
| MAPS WM Technology Inc. | Reduce -1.9% | 0.04% | −0.01 |
| CCEL Cryo-Cell Intl Inc. | Reduce -2.7% | 0.04% | −0.01 |
| DH Definitive Healthcare Corp. | Reduce -7.8% | 0.01% | −0.01 |
| FPAYQ Flexshopper Inc. | Reduce -5.5% | 0.01% | −0.00 |
| HTCR Heartcore Enterprises Inc. | Reduce -5.6% | 0.00% | −0.00 |
| GILT Gilat Satellite Networks Ltd. | Reduce -5.5% | 0.02% | −0.00 |
| CHCI Comstock Holding Companies | Reduce -1.1% | 0.02% | +0.00 |
Portfolio Buys Q4 2024 → Q1 2025
| MEDP Medpace Holdings Inc. | New | 1.25% | +1.25 |
| CRM Salesforce Inc. | New | 1.01% | +1.01 |
| ZTS Zoetis Inc. | New | 0.66% | +0.66 |
| SWKS Skyworks Solutions Inc. | New | 0.48% | +0.48 |
| SCHW Schwab (charles) Corp. | Add +3.2% | 4.40% | +0.39 |
| BMY Bristol-Myers Squibb Co. | Add +247.4% | 0.48% | +0.35 |
| CRUS Cirrus Logic Inc. | Add +137.4% | 0.52% | +0.30 |
| POOL Pool Corp. | Add +67.9% | 0.80% | +0.29 |
| GOOGL Alphabet Inc. Class A | Add +29.2% | 4.56% | +0.27 |
| WBD Warner Bros Discovery Inc. | Add +7.1% | 2.77% | +0.24 |
| AVUV Avantis US Small Cap Value | Add +50.5% | 0.83% | +0.22 |
| INCY Incyte Corp. | Add +124.2% | 0.44% | +0.22 |
| THQ Abrdn Healthcare Opport | Add +0.8% | 1.97% | +0.19 |
| BWA Borgwarner Inc. | New | 0.18% | +0.18 |
| HPQ HP Inc. | New | 0.15% | +0.15 |
| DBX Dropbox Inc. Class A | Add +153.3% | 0.24% | +0.13 |
| TNET Trinet Group Inc. | Add +30.4% | 1.02% | +0.13 |
| EXEL Exelixis Inc. | Add +5.2% | 0.57% | +0.08 |
| PRGS Progress Software Corp. | Add +35.7% | 1.05% | +0.08 |
| NVO Novo-Nordisk A/S-Spons ADR | New | 0.07% | +0.07 |
| SNCR Synchronoss Technologies Inc. | New | 0.07% | +0.07 |
| ZENVF Zenvia Inc. Class A | New | 0.05% | +0.05 |
| BLIN Bridgeline Digital Inc. | New | 0.04% | +0.04 |
| NCSM NCS Multistage Holdings Inc. | New | 0.04% | +0.04 |
| CMT Core Molding Technologies Inc. | New | 0.04% | +0.04 |
| EG Everest Group Ltd. | Add +38.4% | 0.14% | +0.04 |
| ETSY Etsy Inc. | Add +28.3% | 0.26% | +0.03 |
| TRVG Trivago NV - ADR | New | 0.03% | +0.03 |
| MHH Mastech Digital Inc. | New | 0.03% | +0.03 |
| SSP Ew Scripps Co./the-A | Add +342.3% | 0.03% | +0.03 |
| HRTG Heritage Insurance Holdings | Add +48.4% | 0.06% | +0.03 |
| QCOM Qualcomm Inc. | Add +46.8% | 0.07% | +0.02 |
| CVU Cpi Aerostructures Inc. | New | 0.02% | +0.02 |
| HNNA Hennessy Advisors Inc. | New | 0.02% | +0.02 |
| QUAD Quad Graphics Inc. | Add +100.8% | 0.06% | +0.02 |
| VNCE Vince Holding Corp. | New | 0.02% | +0.02 |
| MRK Merck & Co. Inc. | Add +55.8% | 0.06% | +0.02 |
| HGBL Heritage Global Inc. | New | 0.02% | +0.02 |
| RBBN Ribbon Communications Inc. | New | 0.01% | +0.01 |
| CVAC Curevac NV | New | 0.01% | +0.01 |
| QRVO Qorvo Inc. | Add +0.1% | 0.21% | +0.01 |
| OXBR Oxbridge Re Holdings Ltd. | New | 0.01% | +0.01 |
| TEAD Teads Holding Co. | Add +149.8% | 0.03% | +0.01 |
| OPRT Oportun Financial Corp. | Add +1.1% | 0.02% | +0.01 |
| ACGL Arch Capital Group Ltd. | Add +0.5% | 0.10% | +0.01 |
| EGHT 8X8 Inc. | Add +72.1% | 0.02% | +0.00 |
| MSB Mesabi Trust | Add +5.8% | 0.04% | +0.00 |
| SSUP Superior Industries Intl | Add +0.2% | 0.02% | +0.00 |
| BHP BHP Group Ltd.-Spon ADR | Add +1.1% | 0.06% | +0.00 |
| RSSS Research Solutions Inc. | Add +8.9% | 0.01% | −0.00 |
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 |