Heron Bay Capital Management

Q4 2025 13F-HR Holdings

Location
Bloomfield Hills, MI
Holdings as of
12/31/2025
Date filed
2/13/2026
Form type
13F-HR
Num holdings
112
Total value ($000)
$524,314
Net value change ($000)
-11,482 (-2.1%)
New positions
18
Sold out positions
15
Turnover %
1.6%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/12/2025 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)
FDS 7,040 44.4%
CPAY 4,996 86.9%
LPLA 3,399 12.8%
THQ 2,845 33.5%
TREX 1,863 NEW
LRCX 1,857 15.4%
KKR 1,550 13.2%
PYPL 1,386 NEW
CSW 822 21.1%
MEDP 822 8.1%
Top Reduces (Value $000, Stocks/ETFs)
CCSI -8,002 -22.6%
GOOGL -4,578 -13.8%
VNT -3,902 -11.5%
ETY -3,678 -57.2%
TNET -3,543 -43.2%
POOL -2,610 -61.5%
META -1,969 -11.2%
MSFT -1,754 -7.2%
ULTA -1,581 -8.8%
ZBRA -1,522 -15.0%
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