Heard Capital LLC

Q3 2025 13F-HR Holdings

Location
Chicago, IL
Holdings as of
9/30/2025
Date filed
11/14/2025
Form type
13F-HR
Num holdings
20
Total value ($000)
$1,848,875
Net value change ($000)
-65,265 (-3.4%)
New positions
0
Sold out positions
1
Turnover %
9.2%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/14/2025 Next filing: 2/17/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
PLTR 75,417 66.7%
FICO 32,345 16.9%
ESLT 22,204 25.3%
AXP 20,282 16.5%
APO 13,520 7.5%
AMT 13,079 7.2%
BX 11,975 6.9%
TDG 2,301 1.1%
TSAT 1,924 5.2%
QCOM 103 4.5%
Top Reduces (Value $000, Stocks/ETFs)
LRCX -170,558 -100.0%
ADBE -72,390 -40.9%
ATEX -7,176 -16.3%
AVAV -4,401 -2.8%
MC -3,393 -5.9%
CHTR -305 -32.7%
ARES -148 -7.7%
IAC -70 -8.8%
EQIX -57 -1.5%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type