Heard Capital LLC 13F: Quarter-over-Quarter Portfolio Changes
Heard Capital LLC reported a disclosed portfolio value of approximately $2.3 billion in its latest SEC Form 13F-HR filing for Q2 2026, up 20.8% quarter on quarter. Over the quarter, the fund initiated 2 new positions, bought more shares in 6 holdings, trimmed 7 holdings, and exited 2 positions.
Heard Capital LLC's top buy was a new stake in Bloom Energy CORP (BE) , equal to 5.8% of the disclosed portfolio. Its top sell was Telesat CORP (TSAT) . The fund sold 99.3% of its previously reported shares, reducing the position's portfolio weight by 1.1 percentage points.
New PositionsQ2 2026
Securities disclosed for the first time in Q2 2026 that were not present in the prior 13F-HR filing.
| Company | Ticker | Initial Portfolio Weight | History |
|---|---|---|---|
| BLOOM ENERGY CORP | BE | 5.8% | History → |
| MARVELL TECHNOLOGY INC | MRVL | 5.7% | History → |
Top BuysQ2 2026
The fund's top buys among existing positions in Q2 2026. Ranked by portfolio-weight impact, with the percentage of additional shares shown separately.
| Company | Ticker | Portfolio Weight Change | More Shares | History |
|---|---|---|---|---|
| AEROVIRONMENT INC | AVAV | +-0.4% | +25.3% | History → |
| ELBIT SYS LTD | ESLT | +-0.5% | +20.7% | Holders → |
| FAIR ISAAC CORP | FICO | +0.2% | +9.6% | History → |
| PALANTIR TECHNOLOGIES INC | PLTR | +-3.1% | +5.2% | History → |
| TRANSDIGM GROUP INC | TDG | +-0.1% | +4.3% | History → |
| APOLLO GLOBAL MGMT INC | APO | +-1.1% | +0.5% | History → |
Top SellsQ2 2026
The fund's top sells among positions it retained in Q2 2026. Ranked by portfolio-weight impact. Full exits are listed separately.
| Company | Ticker | Portfolio Weight Change | Shares Sold | History |
|---|---|---|---|---|
| TELESAT CORP | TSAT | -1.1% | 99.3% | Holders → |
| ADOBE INC | ADBE | -5.5% | 98.5% | Holders → |
| QUALCOMM INC | QCOM | -0.0% | 41.5% | Holders → |
| LAM RESEARCH CORP | LRCX | 2.2% | 29.2% | History → |
| AMERICAN TOWER CORP | AMT | -4.3% | 27.6% | Holders → |
| BLACKSTONE INC | BX | -1.2% | 1.2% | History → |
| AMERICAN EXPRESS CO | AXP | -0.4% | 0.1% | Holders → |
Full ExitsQ2 2026
Positions present in the prior 13F-HR filing that no longer appear in Q2 2026.
| Company | Ticker | Last-Reported Portfolio Weight |
|---|---|---|
| PEOPLE INC | IAC | 0.0% |
| CHARTER COMMUNICATIONS INC | CHTR | 0.0% |
Net Portfolio Value ChangeQ2 2026
- $1.9BPrior quarter
- $2.3BCurrent quarter
- +$0.4BNet delta
- +20.8%% change
Methodology & FAQ
How Heard Capital LLC Quarterly Changes Are Computed
All deltas are sourced from sequential SEC Form 13F-HR filings for Heard Capital LLC: each row joins the most recent filing against the immediately preceding quarterly filing for the same fund. Share-count changes reflect reported trading activity, while portfolio weights can also move because of market price changes. Portfolio weights are normalized to exclude listed options for comparability. A complete description, including how confidential treatment filings are handled, is documented in the Methodology.
What stocks did Heard Capital LLC buy in Q2 2026?
In Q2 2026, Heard Capital LLC initiated 2 new positions (BLOOM ENERGY CORP (BE), MARVELL TECHNOLOGY INC (MRVL)); bought more shares of AEROVIRONMENT INC (AVAV), ELBIT SYS LTD (ESLT), FAIR ISAAC CORP (FICO), PALANTIR TECHNOLOGIES INC (PLTR), TRANSDIGM GROUP INC (TDG) (the largest 5 of 6 adds).
What stocks did Heard Capital LLC sell in Q2 2026?
In Q2 2026, Heard Capital LLC fully sold 2 positions (PEOPLE INC (IAC), CHARTER COMMUNICATIONS INC (CHTR)); reduced holdings in TELESAT CORP (TSAT), ADOBE INC (ADBE), QUALCOMM INC (QCOM), LAM RESEARCH CORP (LRCX), AMERICAN TOWER CORP (AMT) (the largest 5 of 7 reductions).
Which positions did Heard Capital LLC initiate in Q2 2026?
Heard Capital LLC established 2 new positions in Q2 2026: BLOOM ENERGY CORP (BE, 5.8%), MARVELL TECHNOLOGY INC (MRVL, 5.7%).
Which existing positions saw the largest allocation increases for Heard Capital LLC in Q2 2026?
Of 6 existing positions with share-count increases in Q2 2026, the largest were: AEROVIRONMENT INC (AVAV, +-0.4% weight, +25.3% shares), ELBIT SYS LTD (ESLT, +-0.5% weight, +20.7% shares), FAIR ISAAC CORP (FICO, +0.2% weight, +9.6% shares), PALANTIR TECHNOLOGIES INC (PLTR, +-3.1% weight, +5.2% shares), TRANSDIGM GROUP INC (TDG, +-0.1% weight, +4.3% shares), APOLLO GLOBAL MGMT INC (APO, +-1.1% weight, +0.5% shares).
Which positions did Heard Capital LLC fully exit in Q2 2026?
Heard Capital LLC fully exited 2 positions in Q2 2026: PEOPLE INC (IAC, last-reported weight 0.0%), CHARTER COMMUNICATIONS INC (CHTR, last-reported weight 0.0%).
Which existing positions saw the largest allocation reductions for Heard Capital LLC in Q2 2026?
Of 7 existing positions with share-count reductions in Q2 2026, the largest were: TELESAT CORP (TSAT, -1.1% weight, -99.3% shares), ADOBE INC (ADBE, -5.5% weight, -98.5% shares), QUALCOMM INC (QCOM, -0.0% weight, -41.5% shares), LAM RESEARCH CORP (LRCX, 2.2% weight, -29.2% shares), AMERICAN TOWER CORP (AMT, -4.3% weight, -27.6% shares), BLACKSTONE INC (BX, -1.2% weight, -1.2% shares), AMERICAN EXPRESS CO (AXP, -0.4% weight, -0.1% shares).
Do quarter-over-quarter 13F allocation changes constitute explicit trading signals?
No. Quarter-over-quarter changes reflect a combination of active trading and market price movement. A weight increase can result from price appreciation alone, without the manager adding shares. Share-count delta is the cleaner indicator of explicit trading activity. All deltas on this page are sourced from sequential SEC Form 13F-HR filings.