Heron Bay Capital Management

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 12, 2025), Heron Bay Capital Management reported 109 stock positions worth $535.8 million. Its top holding was Consensus Cloud Solution (CCSI) at 6.6% of the portfolio, followed by Vontier (VNT, 6.3%) and Alphabet Class A (GOOGL, 6.2%). Compared with Q2 2025, it opened 13 new positions, sold out of 18, added to 20 and reduced 69. The biggest buy was Consensus Cloud Solution (CCSI, shares +2%) and the biggest sale an exit from Fox Class A (FOXA).

Most Recent 13F
Q2 2026
Location
BLOOMFIELD HILLS, MI
CIK
0001842149
Portfolio Value
$535.8M (Q3 2025)
SEC Filing
0001951757-25-001403 ↗ filed Nov 12, 2025

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $471.3M Q1 2024 Q2 2024: $469.5M Q2 2024 Q3 2024: $475.4M Q3 2024 Q4 2024: $478.6M Q4 2024 Q1 2025: $475.7M Q1 2025 Q2 2025: $508.2M Q2 2025 Q3 2025: $535.8M $535.8M Q3 2025 Q4 2025: $524.3M Q4 2025 Q1 2026: $1.1B Q1 2026 Q2 2026: $1.1B Q2 2026

Holdings 109 stocks · $535.8M
CCSI Consensus Cloud Solution 6.60% 1,203,726 $35.4M Add +2.1%
VNT Vontier Corp. 6.34% 809,819 $34.0M Reduce -4.5%
GOOGL Alphabet Inc. Class A 6.17% 135,998 $33.1M Reduce -4.6%
LPLA LPL Financial Holdings Inc. 4.95% 79,777 $26.5M Reduce -3.3%
SCHW Schwab (charles) Corp. 4.59% 257,875 $24.6M Reduce -2.7%
MSFT Microsoft Corp. 4.56% 47,176 $24.4M Reduce -3.5%
SSNC Ss&c Technologies Holdings 4.50% 271,766 $24.1M Reduce -2.0%
AMZN Amazon.com Inc. 3.82% 93,298 $20.5M Reduce -1.3%
ULTA Ulta Beauty Inc. 3.37% 32,978 $18.0M Reduce -2.4%
META Meta Platforms Inc. Class A 3.28% 23,953 $17.6M Reduce -8.8%
FDS Factset Research Systems Inc. 2.96% 55,359 $15.9M Add +52.6%
TRU Transunion 2.78% 177,562 $14.9M Reduce -1.9%
MCK McKesson Corp. 2.71% 18,785 $14.5M Reduce -2.1%
ROK Rockwell Automation Inc. 2.59% 39,633 $13.9M Reduce -7.3%
LRCX Lam Research Corp. 2.26% 90,333 $12.1M Reduce -0.6%
KKR KKR & Co. Inc. 2.20% 90,590 $11.8M Reduce -3.4%
PRGS Progress Software Corp. 2.09% 254,311 $11.2M Add +117.1%
ZBRA Zebra Technologies Corp. Class A 1.89% 34,081 $10.1M Reduce -1.4%
MEDP Medpace Holdings Inc. 1.88% 19,626 $10.1M Reduce -0.1%
CRM Salesforce Inc. 1.59% 35,874 $8.5M Add +88.0%
THQ Abrdn Healthcare Opport 1.59% 491,284 $8.5M Add +7.6%
BRO Brown & Brown Inc. 1.56% 89,341 $8.4M Reduce -0.6%
MSCI MSCI Inc. 1.54% 14,507 $8.2M Add +24.6%
TNET Trinet Group Inc. 1.53% 122,480 $8.2M Add +55.8%
BRK.B Berkshire Hathaway Inc. Class B 1.44% 15,364 $7.7M Reduce -0.7%
ETG Eaton Vance T/A GL DVD Incm 1.24% 313,623 $6.6M Reduce -0.2%
XETYX Eaton Vance Tax-MGD Div Eqty 1.20% 404,350 $6.4M Reduce -0.5%
ZTS Zoetis Inc. 1.18% 43,224 $6.3M Add +36.2%
LH Labcorp Holdings Inc. 1.17% 21,855 $6.3M Reduce -4.5%
ADBE Adobe Inc. 1.11% 16,860 $5.9M New
CPAY Corpay Inc. 1.07% 19,963 $5.8M Add +0.4%
IBP Installed Building Products 0.89% 19,312 $4.8M Reduce -0.7%
TXN Texas Instruments Inc. 0.85% 24,901 $4.6M Add +0.4%
CHKP Check Point Software Tech 0.80% 20,776 $4.3M Reduce -10.4%
GOOG Alphabet Inc. Class C 0.79% 17,468 $4.3M Reduce -0.3%
POOL Pool Corp. 0.79% 13,696 $4.2M Reduce -1.6%
CSW CSW Industrials Inc. 0.73% 16,045 $3.9M New
BUD Anheuser-Busch Inbev-SPN ADR 0.72% 64,955 $3.9M Reduce -6.5%
NMAI Nuveen Multi-Asset Income 0.70% 290,074 $3.8M Reduce -0.2%
CRUS Cirrus Logic Inc. 0.58% 24,834 $3.1M Reduce -0.8%
EXEL Exelixis Inc. 0.56% 72,177 $3.0M Reduce -2.0%
INCY Incyte Corp. 0.54% 34,195 $2.9M Reduce -0.5%
SWKS Skyworks Solutions Inc. 0.50% 34,803 $2.7M Reduce -0.2%
ZM Zoom Communications Inc. 0.42% 27,228 $2.2M Reduce -1.1%
AAPL Apple Inc. 0.34% 7,187 $1.8M Reduce -1.6%
ETSY Etsy Inc. 0.32% 25,967 $1.7M Reduce -0.9%
UTHR United Therapeutics Corp. 0.30% 3,819 $1.6M Reduce -1.0%
BWA Borgwarner Inc. 0.25% 30,201 $1.3M Reduce -1.0%
PATH Uipath Inc. Class A 0.24% 96,844 $1.3M New
QRVO Qorvo Inc. 0.24% 14,203 $1.3M Add +2.0%
ENPH Enphase Energy Inc. 0.19% 29,369 $1.0M New
BMY Bristol-Myers Squibb Co. 0.17% 19,682 $888K Reduce -6.8%
BN Brookfield Corp. 0.17% 12,937 $887K Reduce -1.1%
LNTH Lantheus Holdings Inc. 0.16% 16,792 $861K New
NTES Netease Inc.-ADR 0.15% 5,332 $810K New
FVRR Fiverr International Ltd. 0.14% 31,649 $773K New
BRK.A Berkshire Hathaway Inc. Class A 0.14% 1 $754K No change
HPQ HP Inc. 0.13% 26,308 $716K Reduce -0.8%
NICE Nice Ltd. - Spon ADR 0.12% 4,337 $628K New
BSCQ Invesco Bulletshares 2026 CB 0.11% 29,001 $567K Reduce -0.7%
AVK Advent Convert & Income 0.10% 42,823 $548K No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.10% 4,750 $544K No change
ASML ASML Holding NV-NY Reg SHS 0.09% 474 $459K New
IJR iShares Core S&P Small-Cap E 0.08% 3,689 $438K Add +75.0%
CB Chubb Ltd. 0.08% 1,545 $436K No change
TSM Taiwan Semiconductor-SP ADR 0.08% 1,504 $420K Reduce -65.0%
NVDA Nvidia Corp. 0.08% 2,177 $406K Reduce -0.1%
QCOM Qualcomm Inc. 0.07% 2,321 $386K Add +1.5%
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 0.07% 23,952 $383K Reduce -2.2%
EXPE Expedia Group Inc. 0.07% 1,774 $379K Reduce -5.5%
ACN Accenture PLC Class A 0.07% 1,526 $376K Reduce -2.7%
ITRN Ituran Location and Control 0.07% 10,151 $363K Reduce -35.1%
QLTY GMO U.S. Quality ETF 0.07% 9,872 $357K Reduce -24.6%
NVO Novo-Nordisk A/S-Spons ADR 0.06% 6,266 $348K Add +11.8%
TGEN Tecogen Inc./Waltham Ma 0.06% 37,167 $327K No change
WMT Walmart Inc. 0.06% 3,012 $310K Add +5.2%
BE Bloom Energy Corp. Class A 0.06% 3,512 $297K New
AVUV Avantis US Small Cap Value 0.05% 2,938 $292K Reduce -0.4%
UNH Unitedhealth Group Inc. 0.05% 776 $268K No change
BKTI BK Technologies Corp. 0.05% 3,098 $262K Reduce -40.3%
CCLD Carecloud Inc. 0.04% 74,615 $240K Reduce -38.6%
ESP Espey MFG & Electronics Corp. 0.04% 5,842 $231K Reduce -2.6%
NCSM NCS Multistage Holdings Inc. 0.04% 4,353 $222K New
FET Forum Energy Technologies Inc. 0.04% 8,255 $220K New
BAM Brookfield Asset Mgmt-A 0.04% 3,735 $213K Reduce -0.6%
BITCOIN DEPOT INC 0.04% 62,326 $209K Reduce -3.3%
UPLD Upland Software Inc. 0.04% 86,539 $205K Reduce -6.5%
SNCR Synchronoss Technologies Inc. 0.04% 33,099 $201K Add +10.6%
ZDGE Zedge Inc. Class B 0.03% 58,338 $170K Reduce -33.7%
RSSS Research Solutions Inc. 0.03% 43,306 $162K Add +230.7%
CHCI Comstock Holding Companies 0.03% 11,013 $154K Reduce -5.3%
OPRT Oportun Financial Corp. 0.03% 24,627 $152K No change
RNGR Ranger Energy Services Class A 0.03% 10,801 $152K Reduce -10.5%
MG Mistras Group Inc. 0.03% 15,073 $148K Add +44.0%
UEIC Universal Electronics Inc. 0.03% 31,737 $148K New
VNCE Vince Holding Corp. 0.03% 43,311 $145K Reduce -9.2%
HFFG HF Foods Group Inc. 0.03% 51,478 $142K Add +129.7%
IMCC Im Cannabis Corp. 0.02% 58,152 $112K Reduce -26.2%
DH Definitive Healthcare Corp. 0.02% 26,977 $110K Reduce -5.8%
RFIL RF Industries Ltd. filed as RF INDS LTD 0.02% 13,117 $108K Add +26.1%
MSGM Motorsport Games Inc. Class A 0.02% 37,983 $106K Reduce -16.4%
CPIX Cumberland Pharmaceuticals 0.02% 31,664 $99K Reduce -4.8%
EGHT 8X8 Inc. 0.02% 43,056 $91K Reduce -2.5%
SCOR Comscore Inc. 0.02% 10,112 $88K Reduce -10.0%
QUAD Quad Graphics Inc. 0.02% 13,082 $82K Reduce -74.3%
MAPS WM Technology Inc. 0.01% 66,884 $78K Reduce -60.7%
HGBL Heritage Global Inc. 0.01% 34,717 $58K Reduce -2.3%
BTMD Biote Corp. Class A 0.01% 17,408 $52K Reduce -59.6%
TEAD Teads Holding Co. 0.01% 31,059 $51K Reduce -7.3%

Portfolio Sells Q2 2025 → Q3 2025
FOXA Fox Corp. Class A Sold out 0.00% −2.15
WBD Warner Bros Discovery Inc. Sold out 0.00% −1.49
LPLA LPL Financial Holdings Inc. Reduce -3.3% 4.95% −1.13
META Meta Platforms Inc. Class A Reduce -8.8% 3.28% −0.53
BRO Brown & Brown Inc. Reduce -0.6% 1.56% −0.40
TRU Transunion Reduce -1.9% 2.78% −0.36
KKR KKR & Co. Inc. Reduce -3.4% 2.20% −0.26
AMZN Amazon.com Inc. Reduce -1.3% 3.82% −0.26
DOCU Docusign Inc. Sold out 0.00% −0.25
MSFT Microsoft Corp. Reduce -3.5% 4.56% −0.22
BUD Anheuser-Busch Inbev-SPN ADR Reduce -6.5% 0.72% −0.22
ROK Rockwell Automation Inc. Reduce -7.3% 2.59% −0.21
ZBRA Zebra Technologies Corp. Class A Reduce -1.4% 1.89% −0.21
CHKP Check Point Software Tech Reduce -10.4% 0.80% −0.21
SCHW Schwab (charles) Corp. Reduce -2.7% 4.59% −0.16
EG Everest Group Ltd. Sold out 0.00% −0.12
TSM Taiwan Semiconductor-SP ADR Reduce -65.0% 0.08% −0.11
ACGL Arch Capital Group Ltd. Sold out 0.00% −0.09
OTEX Open Text Corp. Sold out 0.00% −0.09
EXEL Exelixis Inc. Reduce -2.0% 0.56% −0.08
DBX Dropbox Inc. Class A Sold out 0.00% −0.07
MCK McKesson Corp. Reduce -2.1% 2.71% −0.06
ETG Eaton Vance T/A GL DVD Incm Reduce -0.2% 1.24% −0.06
ITRN Ituran Location and Control Reduce -35.1% 0.07% −0.05
FTNT Fortinet Inc. Sold out 0.00% −0.04
QUAD Quad Graphics Inc. Reduce -74.3% 0.02% −0.04
EBAY eBay Inc. Sold out 0.00% −0.04
ZDGE Zedge Inc. Class B Reduce -33.7% 0.03% −0.04
XETYX Eaton Vance Tax-MGD Div Eqty Reduce -0.5% 1.20% −0.04
BRK.B Berkshire Hathaway Inc. Class B Reduce -0.7% 1.44% −0.04
RAIL Freightcar America Inc. Sold out 0.00% −0.03
BMY Bristol-Myers Squibb Co. Reduce -6.8% 0.17% −0.03
HNNA Hennessy Advisors Inc. Sold out 0.00% −0.03
BITCOIN DEPOT INC Reduce -3.3% 0.04% −0.03
BTMD Biote Corp. Class A Reduce -59.6% 0.01% −0.02
TRVG Trivago NV - ADR Sold out 0.00% −0.02
ACN Accenture PLC Class A Reduce -2.7% 0.07% −0.02
QLTY GMO U.S. Quality ETF Reduce -24.6% 0.07% −0.02
NMAI Nuveen Multi-Asset Income Reduce -0.2% 0.70% −0.02
SNOA Sonoma Pharmaceuticals Inc. Sold out 0.00% −0.02
IMCC Im Cannabis Corp. Reduce -26.2% 0.02% −0.02
ETWO E2OPEN Parent Holdings Inc. Sold out 0.00% −0.02
MAPS WM Technology Inc. Reduce -60.7% 0.01% −0.02
LGPS Logprostyle Inc. Sold out 0.00% −0.02
SSNC Ss&c Technologies Holdings Reduce -2.0% 4.50% −0.02
CCLD Carecloud Inc. Reduce -38.6% 0.04% −0.01
SWKS Skyworks Solutions Inc. Reduce -0.2% 0.50% −0.01
LH Labcorp Holdings Inc. Reduce -4.5% 1.17% −0.01
ESP Espey MFG & Electronics Corp. Reduce -2.6% 0.04% −0.01
EXFY Expensify Inc. Class A Sold out 0.00% −0.01

Portfolio Buys Q2 2025 → Q3 2025
CCSI Consensus Cloud Solution Add +2.1% 6.60% +1.25
ADBE Adobe Inc. New 1.11% +1.11
CSW CSW Industrials Inc. New 0.73% +0.73
PRGS Progress Software Corp. Add +117.1% 2.09% +0.61
CRM Salesforce Inc. Add +88.0% 1.59% +0.56
TNET Trinet Group Inc. Add +55.8% 1.53% +0.40
PATH Uipath Inc. Class A New 0.24% +0.24
MSCI MSCI Inc. Add +24.6% 1.54% +0.22
ZTS Zoetis Inc. Add +36.2% 1.18% +0.21
ENPH Enphase Energy Inc. New 0.19% +0.19
LNTH Lantheus Holdings Inc. New 0.16% +0.16
NTES Netease Inc.-ADR New 0.15% +0.15
FVRR Fiverr International Ltd. New 0.14% +0.14
NICE Nice Ltd. - Spon ADR New 0.12% +0.12
ASML ASML Holding NV-NY Reg SHS New 0.09% +0.09
BE Bloom Energy Corp. Class A New 0.06% +0.06
NCSM NCS Multistage Holdings Inc. New 0.04% +0.04
FET Forum Energy Technologies Inc. New 0.04% +0.04
IJR iShares Core S&P Small-Cap E Add +75.0% 0.08% +0.04
UEIC Universal Electronics Inc. New 0.03% +0.03
RSSS Research Solutions Inc. Add +230.7% 0.03% +0.02
HFFG HF Foods Group Inc. Add +129.7% 0.03% +0.01
MG Mistras Group Inc. Add +44.0% 0.03% +0.01
QRVO Qorvo Inc. Add +2.0% 0.24% +0.01
RFIL RF Industries Ltd. Add +26.1% 0.02% +0.01
WMT Walmart Inc. Add +5.2% 0.06% +0.00
QCOM Qualcomm Inc. Add +1.5% 0.07% +0.00
SNCR Synchronoss Technologies Inc. Add +10.6% 0.04% −0.00
NVO Novo-Nordisk A/S-Spons ADR Add +11.8% 0.06% −0.01
THQ Abrdn Healthcare Opport Add +7.6% 1.59% −0.07
TXN Texas Instruments Inc. Add +0.4% 0.85% −0.16
CPAY Corpay Inc. Add +0.4% 1.07% −0.22
FDS Factset Research Systems Inc. Add +52.6% 2.96% −0.23

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 97$1.1BCCSI, LPLA, AMZN, VNT, SCHW
Q1 2026 78$1.1BVNT, LPLA, SCHW, AMZN, GOOGL
Q4 2025 112$524.3MVNT, LPLA, GOOGL, CCSI, SCHW
Q3 2025 109$535.8MCCSI, VNT, GOOGL, LPLA, SCHW
Q2 2025 114$508.2MVNT, LPLA, CCSI, GOOGL, MSFT
Q1 2025 116$475.7MLPLA, VNT, CCSI, GOOGL, SSNC
Q4 2024 112$478.6MLPLA, VNT, CCSI, MSFT, GOOGL
Q3 2024 105$475.4MVNT, LPLA, CCSI, SSNC, MSFT
Q2 2024 93$469.5MVNT, LPLA, GOOGL, SCHW, MSFT
Q1 2024 106$471.3MVNT, LPLA, SCHW, MSFT, GOOGL