Heard Capital LLC

Q4 2025 13F-HR Holdings

Location
Chicago, IL
Holdings as of
12/31/2025
Date filed
2/17/2026
Form type
13F-HR
Num holdings
21
Total value ($000)
$2,129,964
Net value change ($000)
+281,089 (15.2%)
New positions
1
Sold out positions
0
Turnover %
10.4%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/14/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 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)
LRCX 221,277 NEW
FICO 27,109 12.1%
APO 24,479 12.6%
AVAV 21,498 14.0%
TDG 20,347 9.9%
MC 13,513 25.0%
AMT 8,623 4.4%
ADBE 3,255 3.1%
QCOM 713 29.6%
ATEX 618 1.7%
Top Reduces (Value $000, Stocks/ETFs)
PLTR -27,897 -14.8%
AXP -15,354 -10.7%
BX -7,716 -4.2%
ESLT -6,873 -6.2%
TSAT -3,301 -8.5%
CHTR -85 -13.5%
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