Heard Capital 13F annual report
Heard Capital is an investment fund managing more than $1.64 trillion ran by Erin Casey. There are currently 22 companies in Mrs. Casey’s portfolio. The largest investments include American Tower and Adobe Inc, together worth $394 billion.
$1.64 trillion Assets Under Management (AUM)
As of 6th August 2024, Heard Capital’s top holding is 1,013,693 shares of American Tower currently worth over $197 billion and making up 12.0% of the portfolio value.
Relative to the number of outstanding shares of American Tower, Heard Capital owns more than approximately 0.1% of the company.
In addition, the fund holds 353,655 shares of Adobe Inc worth $196 billion, whose value fell 11.8% in the past six months.
The third-largest holding is Blackstone Inc worth $156 billion and the next is Transdigm worth $152 billion, with 119,133 shares owned.
Currently, Heard Capital's portfolio is worth at least $1.64 trillion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Heard Capital
The Heard Capital office and employees reside in Chicago, Illinois. According to the last 13-F report filed with the SEC, Erin Casey serves as the CCO, GC, and CAO at Heard Capital.
Recent trades
In the most recent 13F filing, Heard Capital revealed that it had increased its stake in
American Tower and bought 66,525 additional shares worth around $15 million.
This means they effectively own approximately 0.1% of the company.
American Tower makes up
73.7%
of the fund's Communication Services sector allocation and has decreased its share price by approximately 0.1% in the past year.
On the other hand, Erin Casey disclosed a decreased stake in Transdigm by 0.1%.
This leaves the value of the investment at $152 billion and 119,133 shares.
One of the largest hedge funds
The two most similar investment funds to Heard Capital are Jackson Square Partners and Allianz Investment Management U.s. They manage $1.64 trillion and $1.64 trillion respectively.
Erin Casey investment strategy
Heard Capital’s portfolio is diversified across 7 sectors.
Currently, their heaviest sector is Technology — making up 28.0% of
the total portfolio value.
The fund focuses on investments in the United States as
77.3% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
59% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $60.9 billion.
The complete list of Heard Capital trades based on 13F SEC filings
These positions were updated on August 13th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| American Tower Corp. |
7.02%
1,013,693
|
$197,041,645,000 | 12.02% |
| Adobe Inc |
9.28%
353,655
|
$196,469,498,000 | 11.99% |
| Blackstone Inc |
5.77%
1,257,085
|
$155,627,123,000 | 9.49% |
| Transdigm Group Incorporated |
12.28%
119,133
|
$152,205,512,000 | 9.29% |
| Fair Isaac Corp. |
11.07%
98,723
|
$146,964,981,000 | 8.97% |
| Prologis Inc |
8.64%
1,104,900
|
$124,091,319,000 | 7.57% |
| Moelis & Co |
1.59%
2,150,710
|
$122,289,370,000 | 7.46% |
| Lam Research Corp. |
0.38%
104,633
|
$111,418,450,000 | 6.80% |
| American Express Co. |
4.57%
377,180
|
$87,336,029,000 | 5.33% |
| AeroVironment Inc. |
16.41%
471,689
|
$85,922,868,000 | 5.24% |
| Apollo Global Mgmt Inc |
2.11%
649,585
|
$76,696,500,000 | 4.68% |
| Anterix Inc. |
2.09%
1,772,690
|
$70,180,797,000 | 4.28% |
| Blackrock Inc. |
1.23%
59,627
|
$46,945,529,000 | 2.86% |
| Elbit Sys Ltd |
17.24%
208,322
|
$36,795,914,000 | 2.24% |
| Telesat Corp |
0.20%
1,768,400
|
$16,092,440,000 | 0.98% |
| Amazon.com Inc. |
47.61%
16,400
|
$3,169,300,000 | 0.19% |
| Equinix Inc |
30.91%
3,875
|
$2,931,825,000 | 0.18% |
| Qualcomm, Inc. |
23.00%
12,900
|
$2,569,422,000 | 0.16% |
| Gxo Logistics Incorporated |
No change
29,880
|
$1,508,940,000 | 0.09% |
| Ares Management Corp |
10.44%
11,150
|
$1,486,072,000 | 0.09% |
| IAC Inc |
51.22%
21,307
|
$998,232,000 | 0.06% |
| Charter Communications Inc N |
No change
1,630
|
$487,304,000 | 0.03% |
| No transactions found | |||
| Showing first 500 out of 22 holdings | |||
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