Heard Capital Llc
- Regulatory AUM
- $2.4B
- Discretionary
- $2.4B
- Clients
- 7
- Avg AUM / client
- $342M
- Accounts
- 12
- Employees
- 10
AUM over time
Reported AUM from Form ADV filings, plotted by filing date · as of Apr 17, 2026
Investments (13F portfolio — 21 positions, $1,934,365,553)
13F period Mar 31, 2026| # | Issuer | Class | Value | Shares | % of 13F | % of AUM |
|---|---|---|---|---|---|---|
| 1 | Lam Research Corp | COM NEW | $228,804,221 | 1,070,880 | 11.8% | 9.55% |
| 2 | Transdigm Group Inc | COM | $207,001,846 | 178,610 | 10.7% | 8.64% |
| 3 | Palantir Technologies Inc | CL A | $193,344,859 | 1,321,745 | 10.0% | 8.07% |
| 4 | American Tower Corp | COM | $191,927,081 | 1,112,105 | 9.92% | 8.01% |
| 5 | Fair Isaac Corp | COM | $190,459,811 | 178,410 | 9.85% | 7.95% |
| 6 | Apollo Global Mgmt Inc | COM | $187,354,958 | 1,681,520 | 9.69% | 7.82% |
| 7 | Blackstone Inc | COM | $141,770,021 | 1,232,890 | 7.33% | 5.92% |
| 8 | Aerovironment Inc | COM | $132,043,484 | 721,352 | 6.83% | 5.51% |
| 9 | Adobe Inc | COM | $108,006,521 | 444,325 | 5.58% | 4.51% |
| 10 | American Express Co | COM | $102,790,871 | 339,827 | 5.31% | 4.29% |
| 11 | Elbit Sys Ltd | ORD | $92,033,714 | 108,391 | 4.76% | 3.84% |
| 12 | Anterix Inc | COM | $65,562,224 | 1,716,738 | 3.39% | 2.74% |
| 13 | Moelis & Co | CL A | $55,849,170 | 979,810 | 2.89% | 2.33% |
| 14 | Telesat Corp | CL A & CL B SHS | $22,102,634 | 610,570 | 1.14% | 0.92% |
| 15 | Equinix Inc | COM | $5,058,038 | 5,160 | 0.26% | 0.21% |
| 16 | Amazon Com Inc | COM | $3,761,356 | 18,060 | 0.19% | 0.16% |
| 17 | Qualcomm Inc | COM | $2,784,224 | 21,620 | 0.14% | 0.12% |
| 18 | Ares Management Corporation | CL A COM STK | $1,216,465 | 11,150 | 0.06% | 0.05% |
| 19 | Prologis Inc. | COM | $991,350 | 7,500 | 0.05% | 0.04% |
| 20 | Iac Inc | COM NEW | $940,985 | 23,507 | 0.05% | 0.04% |
| 21 | Charter Communications Inc | CL A | $561,720 | 2,602 | 0.03% | 0.02% |
Top 25 of 21 positions from the manager's latest Form 13F · source filing (EDGAR) ↗. 13F covers long US-listed positions only. "% of AUM" is share of the firm's total regulatory AUM (Form ADV Item 5.F).
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 2 | $1.5B | 64.6% |
| Pension and profit sharing plans | Fewer than 5 clients | $619M | 25.8% |
| Charitable organizations | Fewer than 5 clients | $72.3M | 3.02% |
| State or municipal government entities | 5 | $121M | 5.06% |
| Other investment advisers | Fewer than 5 clients | $35.9M | 1.5% |
Private funds (2)
Reported in Form ADV Section 7.B.(1), filing of Mar 2024 · $1.0B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Heard High Conviction Long Only Fund Llc master | Hedge Fund | Delaware | $1.0B | 82 |
| Heard Opportunity Master Fund, L.P. master | Hedge Fund | Cayman Islands | $26.4M | 16 |
People (4)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| William Ellak Heard | Ceo, Cio, Manager | Jun 2010 (16y) | ≈ 56.25% – 100% via Heard Investment Manager Llc | |
| Granstrand, Stephen, A | Coo And Cfo | Apr 2019 (7y) | Less than 5% | |
| Casey, Erin, Mary | Cco, Gc, Cao | Mar 2022 (4y) | Less than 5% | |
| Joseph Kyungmin Lee | Registered representative | CFA | Nov 2018 (8y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Heard Investment Manager Llc | Member | May 2011 | A | 75% or more |
| Wolf Creek Investment Partners Ii, Llc | Member | Oct 2013 | A | 10% – 25% |
Undisclosed: 0% – 15% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- William Ellak Heard: 75% – 100% of Heard Investment Manager Llc × 75% – 100% direct ≈ 56.25% – 100% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (2, $1.0B gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Heard High Conviction Long Only Fund Llc | Hedge Fund | $1.0B | $1.0M | 82 |
| Heard Opportunity Master Fund, L.P. | Hedge Fund | $26.4M | $1.0M | 16 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 04/17/2026 | 1.23 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
Custody
Reported custodians
- BNY Mellon $648M (27% of AUM) Apr 2026
- Northern Trust $181M (8% of AUM) Apr 2026
- Wells Fargo $16.7M (2% of AUM) Apr 2022
- Jefferies Llc $1.9M (4% of AUM) Nov 2018
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Apr 17, 2026.
View current Form ADV (SEC/IAPD) ↗