Heron Bay Capital Management

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Heron Bay Capital Management reported 112 stock positions worth $524.3 million. Its top holding was Vontier (VNT) at 5.7% of the portfolio, followed by LPL Financial (LPLA, 5.7%) and Alphabet Class A (GOOGL, 5.4%). Compared with Q3 2025, it opened 18 new positions, sold out of 15, added to 23 and reduced 63. The biggest buy was Factset Research Systems (FDS, shares +43%) and the biggest sale Alphabet Class A (GOOGL, shares −33%).

Most Recent 13F
Q2 2026
Location
BLOOMFIELD HILLS, MI
CIK
0001842149
Portfolio Value
$524.3M (Q4 2025)
SEC Filing
0001951757-26-000446 ↗ filed Feb 13, 2026

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 Q3 2025 Q4 2025: $524.3M $524.3M Q4 2025 Q1 2026: $1.1B Q1 2026 Q2 2026: $1.1B Q2 2026

Holdings 112 stocks · $524.3M
VNT Vontier Corp. 5.74% 809,187 $30.1M Reduce -0.1%
LPLA LPL Financial Holdings Inc. 5.71% 83,827 $29.9M Add +5.1%
GOOGL Alphabet Inc. Class A 5.43% 91,001 $28.5M Reduce -33.1%
CCSI Consensus Cloud Solution 5.22% 1,253,487 $27.4M Add +4.1%
SCHW Schwab (charles) Corp. 4.58% 240,206 $24.0M Reduce -6.8%
SSNC Ss&c Technologies Holdings 4.51% 270,669 $23.7M Reduce -0.4%
FDS Factset Research Systems Inc. 4.37% 78,915 $22.9M Add +42.5%
MSFT Microsoft Corp. 4.33% 46,899 $22.7M Reduce -0.6%
AMZN Amazon.com Inc. 3.86% 87,577 $20.2M Reduce -6.1%
ULTA Ulta Beauty Inc. 3.14% 27,189 $16.4M Reduce -17.6%
META Meta Platforms Inc. Class A 2.98% 23,667 $15.6M Reduce -1.2%
TRU Transunion 2.90% 177,431 $15.2M Reduce -0.1%
ROK Rockwell Automation Inc. 2.71% 36,569 $14.2M Reduce -7.7%
LRCX Lam Research Corp. 2.66% 81,512 $14.0M Reduce -9.8%
MCK McKesson Corp. 2.64% 16,846 $13.8M Reduce -10.3%
KKR KKR & Co. Inc. 2.54% 104,505 $13.3M Add +15.4%
PRGS Progress Software Corp. 2.17% 264,862 $11.4M Add +4.2%
THQ Abrdn Healthcare Opport 2.16% 592,723 $11.3M Add +20.6%
MEDP Medpace Holdings Inc. 2.08% 19,431 $10.9M Reduce -1.0%
CPAY Corpay Inc. 2.05% 35,712 $10.7M Add +78.9%
CRM Salesforce Inc. 1.75% 34,727 $9.2M Reduce -3.2%
ZBRA Zebra Technologies Corp. Class A 1.64% 35,443 $8.6M Add +4.0%
MSCI MSCI Inc. 1.58% 14,453 $8.3M Reduce -0.4%
ETG Eaton Vance T/A GL DVD Incm 1.37% 312,034 $7.2M Reduce -0.5%
BRO Brown & Brown Inc. 1.36% 89,190 $7.1M Reduce -0.2%
BRK.B Berkshire Hathaway Inc. Class B 1.34% 13,975 $7.0M Reduce -9.0%
ADBE Adobe Inc. 1.16% 17,367 $6.1M Add +3.0%
LH Labcorp Holdings Inc. 1.04% 21,727 $5.5M Reduce -0.6%
ZTS Zoetis Inc. 0.98% 40,829 $5.1M Reduce -5.5%
IBP Installed Building Products 0.96% 19,311 $5.0M Reduce -0.0%
CSW CSW Industrials Inc. 0.90% 16,069 $4.7M Add +0.1%
TNET Trinet Group Inc. 0.89% 78,635 $4.6M Reduce -35.8%
GOOG Alphabet Inc. Class C 0.84% 14,084 $4.4M Reduce -19.4%
TXN Texas Instruments Inc. 0.82% 24,636 $4.3M Reduce -1.1%
BUD Anheuser-Busch Inbev-SPN ADR 0.80% 65,355 $4.2M Add +0.6%
CHKP Check Point Software Tech 0.72% 20,326 $3.8M Reduce -2.2%
NMAI Nuveen Multi-Asset Income 0.72% 287,775 $3.8M Reduce -0.8%
INCY Incyte Corp. 0.64% 34,171 $3.4M Reduce -0.1%
EXEL Exelixis Inc. 0.60% 71,780 $3.1M Reduce -0.6%
CRUS Cirrus Logic Inc. 0.56% 24,719 $2.9M Reduce -0.5%
XETYX Eaton Vance Tax-MGD Div Eqty 0.52% 179,361 $2.8M Reduce -55.6%
ZM Zoom Communications Inc. 0.45% 27,196 $2.3M Reduce -0.1%
SWKS Skyworks Solutions Inc. 0.42% 34,616 $2.2M Reduce -0.5%
TREX Trex Company Inc. 0.36% 53,095 $1.9M New
UTHR United Therapeutics Corp. 0.35% 3,800 $1.9M Reduce -0.5%
AAPL Apple Inc. 0.33% 6,427 $1.7M Reduce -10.6%
LNTH Lantheus Holdings Inc. 0.31% 24,788 $1.6M Add +47.6%
POOL Pool Corp. 0.31% 7,155 $1.6M Reduce -47.8%
PATH Uipath Inc. Class A 0.30% 96,817 $1.6M Reduce -0.0%
PYPL PayPal Holdings Inc. 0.26% 23,736 $1.4M New
BWA Borgwarner Inc. 0.26% 29,929 $1.3M Reduce -0.9%
BMY Bristol-Myers Squibb Co. 0.20% 19,379 $1.0M Reduce -1.5%
QRVO Qorvo Inc. 0.19% 11,983 $1.0M Reduce -15.6%
BN Brookfield Corp. 0.17% 19,286 $885K Reduce -0.6%
BRK.A Berkshire Hathaway Inc. Class A 0.14% 1 $755K No change
ETSY Etsy Inc. 0.14% 13,426 $744K Reduce -48.3%
NTES Netease Inc.-ADR 0.14% 5,302 $730K Reduce -0.6%
FVRR Fiverr International Ltd. 0.12% 31,469 $622K Reduce -0.6%
HPQ HP Inc. 0.11% 26,303 $586K Reduce -0.0%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.10% 4,750 $540K No change
BSCQ Invesco Bulletshares 2026 CB 0.10% 27,450 $537K Reduce -5.3%
AVK Advent Convert & Income 0.10% 42,823 $537K No change
EXPE Expedia Group Inc. 0.10% 1,880 $533K Add +6.0%
ASML ASML Holding NV-NY Reg SHS 0.10% 493 $527K Add +4.0%
NVDA Nvidia Corp. 0.09% 2,600 $485K Add +19.4%
CB Chubb Ltd. 0.09% 1,545 $482K No change
TSM Taiwan Semiconductor-SP ADR 0.09% 1,547 $470K Add +2.9%
IJR iShares Core S&P Small-Cap E 0.08% 3,689 $443K No change
ITRN Ituran Location and Control 0.08% 10,056 $433K Reduce -0.9%
ACN Accenture PLC Class A 0.08% 1,513 $406K Reduce -0.8%
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 0.08% 23,714 $397K Reduce -1.0%
QCOM Qualcomm Inc. 0.07% 2,285 $391K Reduce -1.6%
NICE Nice Ltd. - Spon ADR 0.07% 3,417 $386K Reduce -21.2%
WMT Walmart Inc. 0.06% 3,012 $336K No change
BE Bloom Energy Corp. Class A 0.06% 3,512 $305K No change
AVUV Avantis US Small Cap Value 0.06% 2,924 $298K Reduce -0.5%
QLTY GMO U.S. Quality ETF 0.05% 7,418 $285K Reduce -24.9%
FET Forum Energy Technologies Inc. 0.05% 7,671 $283K Reduce -7.1%
NATR Natures Sunshine Prods Inc. 0.05% 12,733 $275K New
ESP Espey MFG & Electronics Corp. 0.05% 5,776 $272K Reduce -1.1%
CCLD Carecloud Inc. 0.05% 92,739 $271K Add +24.3%
UNH Unitedhealth Group Inc. 0.05% 776 $256K No change
CRTO Criteo SA-Spon 0.05% 11,753 $242K New
TACT Transact Technologies Inc. 0.04% 59,022 $236K New
MU Micron Technology Inc. 0.04% 797 $227K New
ENPH Enphase Energy Inc. 0.04% 7,036 $226K Reduce -76.0%
OOMA Ooma Inc. 0.04% 17,803 $209K New
UUU Universal Safety Products Inc. 0.04% 36,024 $186K New
MG Mistras Group Inc. 0.04% 14,564 $184K Reduce -3.4%
SLSR Solaris Resources Inc. 0.03% 17,543 $140K New
AUNA Auna SA Class A 0.03% 28,098 $138K New
NSLR Neostellar Capital Corp. filed as SURO CAPITAL CORP 0.03% 14,513 $137K New
OPRT Oportun Financial Corp. 0.03% 25,761 $136K Add +4.6%
HFFG HF Foods Group Inc. 0.02% 60,285 $130K Add +17.1%
ULBI Ultralife Corp. 0.02% 22,223 $127K New
TBLA Taboola.com Ltd. 0.02% 27,509 $127K New
FRSH Freshworks Inc. Class A 0.02% 10,268 $126K New
PBYI Puma Biotechnology Inc. 0.02% 20,056 $119K New
UPLD Upland Software Inc. 0.02% 83,184 $119K Reduce -3.9%
CPIX Cumberland Pharmaceuticals 0.02% 29,189 $116K Reduce -7.8%
VNCE Vince Holding Corp. 0.02% 27,989 $114K Reduce -35.4%
EGHT 8X8 Inc. 0.02% 44,258 $87K Add +2.8%
BTMD Biote Corp. Class A 0.02% 31,893 $83K Add +83.2%
BITCOIN DEPOT INC 0.01% 59,065 $76K Reduce -5.2%
TYGO Tigo Energy Inc. 0.01% 55,179 $76K New
RFIL RF Industries Ltd. filed as RF INDS LTD 0.01% 13,119 $76K Add +0.0%
TG Tredegar Corp. 0.01% 10,551 $76K New
QUAD Quad Graphics Inc. 0.01% 11,562 $72K Reduce -11.6%
NEPH Nephros Inc. 0.01% 13,471 $66K New
MAPS WM Technology Inc. 0.01% 69,029 $57K Add +3.2%
HGBL Heritage Global Inc. 0.01% 31,925 $40K Reduce -8.0%
IMCC Im Cannabis Corp. 0.01% 25,875 $36K Reduce -55.5%

Portfolio Sells Q3 2025 → Q4 2025
GOOGL Alphabet Inc. Class A Reduce -33.1% 5.43% −0.74
XETYX Eaton Vance Tax-MGD Div Eqty Reduce -55.6% 0.52% −0.68
TNET Trinet Group Inc. Reduce -35.8% 0.89% −0.64
VNT Vontier Corp. Reduce -0.1% 5.74% −0.61
POOL Pool Corp. Reduce -47.8% 0.31% −0.48
META Meta Platforms Inc. Class A Reduce -1.2% 2.98% −0.30
MSFT Microsoft Corp. Reduce -0.6% 4.33% −0.23
ULTA Ulta Beauty Inc. Reduce -17.6% 3.14% −0.23
BRO Brown & Brown Inc. Reduce -0.2% 1.36% −0.21
ZTS Zoetis Inc. Reduce -5.5% 0.98% −0.20
ETSY Etsy Inc. Reduce -48.3% 0.14% −0.18
ENPH Enphase Energy Inc. Reduce -76.0% 0.04% −0.15
LH Labcorp Holdings Inc. Reduce -0.6% 1.04% −0.13
BRK.B Berkshire Hathaway Inc. Class B Reduce -9.0% 1.34% −0.10
CHKP Check Point Software Tech Reduce -2.2% 0.72% −0.08
SWKS Skyworks Solutions Inc. Reduce -0.5% 0.42% −0.08
MCK McKesson Corp. Reduce -10.3% 2.64% −0.07
NVO Novo-Nordisk A/S-Spons ADR Sold out 0.00% −0.06
TGEN Tecogen Inc./Waltham Ma Sold out 0.00% −0.06
BKTI BK Technologies Corp. Sold out 0.00% −0.05
QRVO Qorvo Inc. Reduce -15.6% 0.19% −0.05
NICE Nice Ltd. - Spon ADR Reduce -21.2% 0.07% −0.04
NCSM NCS Multistage Holdings Inc. Sold out 0.00% −0.04
BAM Brookfield Asset Mgmt-A Sold out 0.00% −0.04
TXN Texas Instruments Inc. Reduce -1.1% 0.82% −0.04
SNCR Synchronoss Technologies Inc. Sold out 0.00% −0.04
ZDGE Zedge Inc. Class B Sold out 0.00% −0.03
RSSS Research Solutions Inc. Sold out 0.00% −0.03
CHCI Comstock Holding Companies Sold out 0.00% −0.03
RNGR Ranger Energy Services Class A Sold out 0.00% −0.03
UEIC Universal Electronics Inc. Sold out 0.00% −0.03
FVRR Fiverr International Ltd. Reduce -0.6% 0.12% −0.03
BITCOIN DEPOT INC Reduce -5.2% 0.01% −0.02
CRUS Cirrus Logic Inc. Reduce -0.5% 0.56% −0.02
HPQ HP Inc. Reduce -0.0% 0.11% −0.02
DH Definitive Healthcare Corp. Sold out 0.00% −0.02
MSGM Motorsport Games Inc. Class A Sold out 0.00% −0.02
SCHW Schwab (charles) Corp. Reduce -6.8% 4.58% −0.02
SCOR Comscore Inc. Sold out 0.00% −0.02
UPLD Upland Software Inc. Reduce -3.9% 0.02% −0.02
IMCC Im Cannabis Corp. Reduce -55.5% 0.01% −0.01
QLTY GMO U.S. Quality ETF Reduce -24.9% 0.05% −0.01
NTES Netease Inc.-ADR Reduce -0.6% 0.14% −0.01
TEAD Teads Holding Co. Sold out 0.00% −0.01
AAPL Apple Inc. Reduce -10.6% 0.33% −0.01
VNCE Vince Holding Corp. Reduce -35.4% 0.02% −0.01
BSCQ Invesco Bulletshares 2026 CB Reduce -5.3% 0.10% −0.00
HGBL Heritage Global Inc. Reduce -8.0% 0.01% −0.00
QUAD Quad Graphics Inc. Reduce -11.6% 0.01% −0.00
AVUV Avantis US Small Cap Value Reduce -0.5% 0.06% +0.00

Portfolio Buys Q3 2025 → Q4 2025
FDS Factset Research Systems Inc. Add +42.5% 4.37% +1.41
CPAY Corpay Inc. Add +78.9% 2.05% +0.98
LPLA LPL Financial Holdings Inc. Add +5.1% 5.71% +0.76
THQ Abrdn Healthcare Opport Add +20.6% 2.16% +0.58
TREX Trex Company Inc. New 0.36% +0.36
KKR KKR & Co. Inc. Add +15.4% 2.54% +0.34
PYPL PayPal Holdings Inc. New 0.26% +0.26
CSW CSW Industrials Inc. Add +0.1% 0.90% +0.17
LNTH Lantheus Holdings Inc. Add +47.6% 0.31% +0.15
PRGS Progress Software Corp. Add +4.2% 2.17% +0.09
BUD Anheuser-Busch Inbev-SPN ADR Add +0.6% 0.80% +0.08
NATR Natures Sunshine Prods Inc. New 0.05% +0.05
ADBE Adobe Inc. Add +3.0% 1.16% +0.05
CRTO Criteo SA-Spon New 0.05% +0.05
TACT Transact Technologies Inc. New 0.04% +0.04
MU Micron Technology Inc. New 0.04% +0.04
OOMA Ooma Inc. New 0.04% +0.04
UUU Universal Safety Products Inc. New 0.04% +0.04
EXPE Expedia Group Inc. Add +6.0% 0.10% +0.03
SLSR Solaris Resources Inc. New 0.03% +0.03
AUNA Auna SA Class A New 0.03% +0.03
NSLR Neostellar Capital Corp. New 0.03% +0.03
ULBI Ultralife Corp. New 0.02% +0.02
TBLA Taboola.com Ltd. New 0.02% +0.02
FRSH Freshworks Inc. Class A New 0.02% +0.02
PBYI Puma Biotechnology Inc. New 0.02% +0.02
NVDA Nvidia Corp. Add +19.4% 0.09% +0.02
ASML ASML Holding NV-NY Reg SHS Add +4.0% 0.10% +0.01
TYGO Tigo Energy Inc. New 0.01% +0.01
TG Tredegar Corp. New 0.01% +0.01
NEPH Nephros Inc. New 0.01% +0.01
TSM Taiwan Semiconductor-SP ADR Add +2.9% 0.09% +0.01
CCLD Carecloud Inc. Add +24.3% 0.05% +0.01
BTMD Biote Corp. Class A Add +83.2% 0.02% +0.01
EGHT 8X8 Inc. Add +2.8% 0.02% −0.00
HFFG HF Foods Group Inc. Add +17.1% 0.02% −0.00
OPRT Oportun Financial Corp. Add +4.6% 0.03% −0.00
MAPS WM Technology Inc. Add +3.2% 0.01% −0.00
RFIL RF Industries Ltd. Add +0.0% 0.01% −0.01
ZBRA Zebra Technologies Corp. Class A Add +4.0% 1.64% −0.25
CCSI Consensus Cloud Solution Add +4.1% 5.22% −1.38

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