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Livermore
Livermore
ZHEN

Heard Capital LLC

SEC CIK
0001796409
Latest filing
Aug 11, 2026

The latest 13F from Heard Capital LLC covers Q2 2026 (filed Aug 11, 2026): 21 long positions worth $2.34B. The top 10 holdings make up 81.8% of the portfolio, and the largest is Lam Research Corp (LRCX) at 14.1%. Livermore has 23 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
2
Est. +$269.3M
Added
6
Est. +$86.8M
Reduced
7
Est. −$309.9M
Sold out
2
Est. −$1.50M

Top 5 holdings

Share of this quarter's portfolio value

  1. LRCXLam Research Corp
    14.1%$328.4MHistory
  2. TDGTransDigm Group INC
    10.6%$248.1MHistory
  3. FICOFair Isaac Corp
    10.0%$233.6MHistory
  4. APOApollo Global Management, Inc.
    8.6%$200.0MHistory
  5. ATEXAnterix Inc.
    7.6%$176.7MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. BEBloom Energy Corp
    +$135.9MNewHistory
  2. MRVLMarvell Technology, Inc.
    +$133.4MNewHistory
  3. AVAVAeroVironment Inc
    +$30.1MAddedHistory
  4. FICOFair Isaac Corp
    +$20.5MAddedHistory
  5. ESLTElbit Systems Ltd
    +$17.0MAddedHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. BEBloom Energy Corp
    +5.81 pp0.0% → 5.8%History
  2. MRVLMarvell Technology, Inc.
    +5.71 pp0.0% → 5.7%History
  3. FICOFair Isaac Corp
    +0.15 pp9.8% → 10.0%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. LRCXLam Research Corp
    −$135.7MReducedHistory
  2. ADBEAdobe Inc.
    −$89.7MReducedHistory
  3. AMTAmerican Tower Corp
    −$50.3MReducedHistory
  4. TSATTelesat Corp
    −$30.7MReducedHistory
  5. BXBlackstone Inc.
    −$1.80MReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. ADBEAdobe Inc.
    −5.52 pp5.6% → 0.1%History
  2. AMTAmerican Tower Corp
    −4.29 pp9.9% → 5.6%History
  3. BXBlackstone Inc.
    −1.20 pp7.3% → 6.1%History
  4. TSATTelesat Corp
    −1.13 pp1.1% → <0.1%History
  5. AXPAmerican Express Co
    −0.40 pp5.3% → 4.9%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$2.34B
+$402.1M (+20.8%) vs. prior quarter
Positions
21
0 vs. prior quarter
Top 10 concentration
81.8%
Top 10 as share of value
Turnover
14.6%
Q2 2026, one quarter
Average holding period
15.2 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $2.34B (Q2 2026)

Q1 2021: $355.2MQ2 2021: $438.9MQ3 2021: $514.8MQ4 2021: $638.9MQ1 2022: $1.09BQ2 2022: $901.8MQ3 2022: $833.8MQ4 2022: $923.3MQ1 2023: $1.20BQ2 2023: $1.30BQ3 2023: $1.33BQ4 2023: $1.49BQ1 2024: $1.59BQ2 2024: $1.64BQ3 2024: $1.78BQ4 2024: $1.68BQ1 2025: $1.68BQ2 2025: $1.91BQ3 2025: $2.06BQ4 2025: $2.13BQ1 2026: $1.93BQ2 2026: $2.34B
Q1 2021Q2 2026
13F filings of Heard Capital LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 11, 202621$2.34BLRCXTDGFICOvs. Q1 2026SEC
Q1 2026May 15, 202621$1.93BLRCXTDGPLTRvs. Q4 2025SEC
Q4 2025Feb 17, 202621$2.13BFICOTDGLRCXvs. Q3 2025SEC
Q3 2025Nov 14, 2025Amended21$2.06BFICOLRCXTDGvs. Q2 2025SEC
Q2 2025Aug 14, 202521$1.91BTDGFICOAMTvs. Q1 2025SEC
Q1 2025May 15, 202522$1.68BTDGFICOAMTvs. Q4 2024SEC
Q4 2024Feb 14, 202522$1.68BTDGAMTADBEvs. Q3 2024SEC
Q3 2024Nov 14, 202422$1.78BADBETDGAMTvs. Q2 2024SEC
Q2 2024Aug 13, 202422$1.64BAMTADBEBXvs. Q1 2024SEC
Q1 2024May 13, 202422$1.59BAMTTDGADBEvs. Q4 2023SEC
Q4 2023Feb 13, 202422$1.49BAMTBXADBEvs. Q3 2023SEC
Q3 2023Nov 13, 202321$1.33BAMTADBETDGvs. Q2 2023SEC
Q2 2023Aug 11, 202321$1.30BAMTADBETDGvs. Q1 2023SEC
Q1 2023May 4, 202322$1.20BAMTADBETDGvs. Q4 2022SEC
Q4 2022Feb 13, 202320$923.3MTDGADBEAMTvs. Q3 2022SEC
Q3 2022Nov 14, 202222$833.8MTDGBXADBEvs. Q2 2022SEC
Q2 2022Aug 12, 202223$901.8MADBEFICOTDGvs. Q1 2022SEC
Q1 2022May 13, 202222$1.09BADBEBXAMTvs. Q4 2021SEC
Q4 2021Feb 14, 202223$638.9MFICOBXTDGvs. Q3 2021SEC
Q3 2021Nov 15, 202125$514.8MFICOTDGBXvs. Q2 2021SEC
Q2 2021Aug 16, 202125$438.9MTDGBXADBEvs. Q1 2021SEC
Q1 2021May 17, 202124$355.2MBXAMTTDG–SEC

13D and 13G filings

Companies where Heard Capital LLC reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

1 company, largest stake first.

Companies where Heard Capital LLC owns 5% or more
CompanyLatest formStakeChangeFirst filedLatest filingFiling
ATEXAnterix Inc.13D/A9.40%1.74M shares–Feb 13, 20235 filingsMar 5, 2025SEC

Latest filings

13 filings on file made by Heard Capital LLC or listing it as a reporting person, newest first.

Schedule 13D and 13G filings by Heard Capital LLC
CompanyFiled (ET)FormStakeChangeEvent dateFiling
TSATTelesat CorpMay 15, 20269:25 AM ET13G/A4.16%610.6K shares−4.21 ppfrom 8.37%Below 5%Mar 31, 2026SEC
TSATTelesat CorpFeb 17, 20262:50 PM ET13G/A8.37%1.23M shares−2.03 ppfrom 10.40%Dec 31, 2025SEC
TSATTelesat CorpAug 14, 20254:05 PM ET13G/A10.40%1.52M shares−1.10 ppfrom 11.50%Jun 30, 2025SEC
TSATTelesat CorpMay 15, 20254:45 PM ET13G/A11.50%1.65M shares–Mar 31, 2025SEC
ATEXAnterix Inc.Mar 5, 20259:19 PM ET13D/A9.40%1.74M shares–Feb 28, 2025SEC
ATEXAnterix Inc.Aug 8, 202413D/AOld format–––SEC
ATEXAnterix Inc.Jul 29, 202413DOld format–––SEC
TSATTelesat CorpFeb 13, 202413G/AOld format–––SEC
ATEXAnterix Inc.Feb 13, 202413G/AOld format–––SEC
TSATTelesat CorpFeb 13, 202313G/AOld format–––SEC
ATEXAnterix Inc.Feb 13, 202313GOld format–New–SEC
TSATTelesat CorpJun 2, 202213G/AOld format–––SEC
TSATTelesat CorpMar 4, 202213GOld format–New–SEC