Heard Capital LLC 13F: Quarter-over-Quarter Portfolio Changes
Heard Capital LLC reported a disclosed portfolio value of approximately $1.9 billion in its latest SEC Form 13F-HR filing for Q1 2026, down 9.2% quarter on quarter. Over the quarter, the fund bought more shares in 9 holdings and trimmed 9 holdings.
Heard Capital LLC's top buy was Palantir Technologies INC (PLTR) . The fund bought 46.4% more shares, lifting the position's portfolio weight by 2.5 percentage points. Its top sell was Telesat CORP (TSAT) . The fund sold 50.3% of its previously reported shares, reducing the position's portfolio weight by 0.5 percentage points.
Top BuysQ1 2026
The fund's top buys among existing positions in Q1 2026. Ranked by portfolio-weight impact, with the percentage of additional shares shown separately.
| Company | Ticker | Portfolio Weight Change | More Shares | History |
|---|---|---|---|---|
| PALANTIR TECHNOLOGIES INC | PLTR | +2.5% | +46.4% | History → |
| ADOBE INC | ADBE | +0.5% | +44.3% | History → |
| FAIR ISAAC CORP | FICO | +-1.9% | +20.2% | History → |
| QUALCOMM INC | QCOM | +-0.0% | +18.5% | Holders → |
| APOLLO GLOBAL MGMT INC | APO | +-0.6% | +11.2% | History → |
| AMAZON.COM | AMZN | +0.0% | +8.7% | Holders → |
| BLACKSTONE | BX | +-1.0% | +6.9% | History → |
| TRANSDIGM GROUP INC | TDG | +0.0% | +4.7% | History → |
| EQUINIX INC | EQIX | +0.1% | +1.1% | Holders → |
Top SellsQ1 2026
The fund's top sells among positions it retained in Q1 2026. Ranked by portfolio-weight impact. Full exits are listed separately.
| Company | Ticker | Portfolio Weight Change | Shares Sold | History |
|---|---|---|---|---|
| TELESAT CORP | TSAT | -0.5% | 50.3% | Holders → |
| ELBIT SYS LTD | ESLT | -0.1% | 39.3% | Holders → |
| LAM RESEARCH CORP | LRCX | 1.4% | 17.2% | History → |
| PROLOGIS | PLD | -0.0% | 12.8% | Holders → |
| IAC INC. | IAC | 0.0% | 8.0% | Holders → |
| AMERICAN TOWER CORP | AMT | 0.3% | 4.3% | History → |
| AMERICAN EXPRESS | AXP | -0.7% | 1.8% | History → |
| MOELIS & CO | MC | -0.3% | 0.2% | Holders → |
| AEROVIRONMENT INC | AVAV | -1.4% | 0.1% | History → |
Net Portfolio Value ChangeQ1 2026
- $2.1BPrior quarter
- $1.9BCurrent quarter
- $-0.2BNet delta
- -9.2%% 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 Q1 2026?
In Q1 2026, Heard Capital LLC bought more shares of PALANTIR TECHNOLOGIES INC (PLTR), ADOBE INC (ADBE), FAIR ISAAC CORP (FICO), QUALCOMM INC (QCOM), APOLLO GLOBAL MGMT INC (APO) — the largest 5 of 9 adds.
What stocks did Heard Capital LLC sell in Q1 2026?
In Q1 2026, Heard Capital LLC reduced holdings in TELESAT CORP (TSAT), ELBIT SYS LTD (ESLT), LAM RESEARCH CORP (LRCX), PROLOGIS (PLD), IAC INC. (IAC) — the largest 5 of 9 reductions.
Which positions did Heard Capital LLC initiate in Q1 2026?
Heard Capital LLC established no new positions in Q1 2026.
Which existing positions saw the largest allocation increases for Heard Capital LLC in Q1 2026?
Of 9 existing positions with share-count increases in Q1 2026, the largest were: PALANTIR TECHNOLOGIES INC (PLTR, +2.5% weight, +46.4% shares), ADOBE INC (ADBE, +0.5% weight, +44.3% shares), FAIR ISAAC CORP (FICO, +-1.9% weight, +20.2% shares), QUALCOMM INC (QCOM, +-0.0% weight, +18.5% shares), APOLLO GLOBAL MGMT INC (APO, +-0.6% weight, +11.2% shares), AMAZON.COM (AMZN, +0.0% weight, +8.7% shares), BLACKSTONE (BX, +-1.0% weight, +6.9% shares), TRANSDIGM GROUP INC (TDG, +0.0% weight, +4.7% shares), EQUINIX INC (EQIX, +0.1% weight, +1.1% shares).
Which positions did Heard Capital LLC fully exit in Q1 2026?
Heard Capital LLC fully exited no positions in Q1 2026.
Which existing positions saw the largest allocation reductions for Heard Capital LLC in Q1 2026?
Of 9 existing positions with share-count reductions in Q1 2026, the largest were: TELESAT CORP (TSAT, -0.5% weight, -50.3% shares), ELBIT SYS LTD (ESLT, -0.1% weight, -39.3% shares), LAM RESEARCH CORP (LRCX, 1.4% weight, -17.2% shares), PROLOGIS (PLD, -0.0% weight, -12.8% shares), IAC INC. (IAC, 0.0% weight, -8.0% shares), AMERICAN TOWER CORP (AMT, 0.3% weight, -4.3% shares), AMERICAN EXPRESS (AXP, -0.7% weight, -1.8% shares), MOELIS & CO (MC, -0.3% weight, -0.2% shares), AEROVIRONMENT INC (AVAV, -1.4% 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.