Heron Bay Capital Management

CIK 1842149 · View on SEC EDGAR ↗

Portfolio value
$1.1B
#2,289 of 9,443 by 13F value · top 24.2%
Positions
97
As of
June 30, 2026

Portfolio value QoQ: +1.7% 13F does not disclose cash

Top 10 holdings weight
47.57%
Top 25 holdings weight
81.50%
Positions above 1%
30
Effective number of positions
30.2

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q2 2026: 5.73% Est. buys $62,716,445 · sells $143,644,757

Median holding: 3.0 quarters Tracked Q4 2024–Q2 2026 · 44.1% still held

New positions
31
Increased
24
Decreased
37
Closed
12
On this page

Performance vs S&P 500

Tracked Q4 2024–Q2 2026
+12.4%
S&P 500 total return (same window)
+28.1%
Excess return
-15.7%

Annualized: +8.1% · S&P 500: +18.0%

Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.

Priceable coverage: 96.9% · Options excluded: 0.0%

Sector breakdown

Financial Services
25.0%
Technology
23.9%
Industrials
19.1%
Retail
8.7%
Communication Services
8.1%
Health Care
8.0%
Financials
1.2%
Consumer products
1.0%
Consumer Discretionary
0.5%
Materials
0.1%
Energy
0.1%
Communications
0.0%
Real Estate
0.0%
Other/Unmapped
4.0%

Full portfolio 97 positions

Type Streak 8Q trend
CCSI Consensus Cloud Solutions, Inc. - Common Stock $70,075,980 6.35% 1,836,854 $21,668,648 Down ×1
LPLA LPL Financial Holdings Inc. - Common Stock $66,267,683 6.00% 235,259 $-8,702,672 Down ×1
AMZN Amazon.com, Inc. - Common Stock $59,957,318 5.43% 251,562 $3,373,664 Down ×1
VNT Vontier Corporation Common Stock $55,829,742 5.06% 1,925,164 $-21,466,239 Down ×1
SCHW Charles Schwab Corporation (The) Common Stock $52,250,184 4.73% 566,275 $-5,508,229 Down ×1
GOOGL Alphabet Inc. - Class A Common Stock $50,063,680 4.54% 140,089 $-4,079,367 Down ×1
LRCX Lam Research Corporation - Common Stock $48,523,004 4.40% 111,977 $13,884,231 Down ×1
FDS FactSet Research Systems Inc. Common Stock $45,136,084 4.09% 196,176 $-4,620,097 Down ×1
CPAY Corpay, Inc. Common Stock $41,325,813 3.74% 124,001 $3,466,268 Down ×1
SSNC SS&C Technologies Holdings, Inc. - Common Stock $35,579,620 3.22% 573,402 $-6,491,126 Down ×1
KKR KKR & Co. Inc. Common Stock $35,124,336 3.18% 382,701 $-2,955,258 Down ×1
PRGS Progress Software Corporation - Common Stock $34,010,886 3.08% 1,012,832 $10,523,267 Up ×6
ULTA Ulta Beauty, Inc. - Common Stock $32,371,344 2.93% 71,780 $-3,517,402 Up ×2
META Meta Platforms, Inc. - Class A Common Stock $32,341,876 2.93% 57,416 $-3,140,494 Down ×1
MCK McKesson Corporation Common Stock $31,569,485 2.86% 41,781 $-6,042,865 Down ×1
MSFT Microsoft Corporation - Common Stock $29,321,880 2.66% 78,607 $-2,286,670 Down ×1
TRU TransUnion Common Stock $28,063,625 2.54% 389,016 $-1,355,839 Down ×1
ROK Rockwell Automation, Inc. Common Stock $23,574,199 2.14% 47,617 $4,132,972 Down ×1
TREX Trex Company, Inc. Common Stock $23,030,259 2.09% 460,237 $6,063,456 Down ×1
ZBRA Zebra Technologies Corporation - Class A Common Stock $21,218,493 1.92% 80,599 $2,468,617 Down ×1
SPGI S&P Global Inc. Common Stock $19,880,082 1.80% 48,814 Up ×1
LH Labcorp Holdings Inc. Common Stock $16,678,445 1.51% 59,566 $-235,402 Down ×1
MEDP Medpace Holdings, Inc. - Common Stock $16,038,104 1.45% 30,284 $-8,112,092 Down ×1
BRKB $15,982,457 1.45% 31,940 $-1,101,981 Down ×1
CRM Salesforce, Inc. Common Stock $15,197,602 1.38% 97,010 $-4,475,373 Down ×1
MSCI MSCI Inc. Common Stock $14,687,824 1.33% 26,226 $-1,333,353 Down ×1
TXN Texas Instruments Incorporated - Common Stock $14,464,684 1.31% 48,528 $4,221,321 Down ×1
TNET TriNet Group, Inc. Common Stock $12,809,707 1.16% 258,834 $2,303,399 Down ×1
BRO Brown & Brown, Inc. Common Stock $11,824,207 1.07% 184,321 $-2,365,610 Down ×1
IBP Installed Building Products, Inc. Common Stock $11,350,419 1.03% 49,384 $-2,056,891 Down ×1
ADBE Adobe Inc. - Common Stock $10,723,366 0.97% 52,304 $-3,195,881 Down ×1
THQ abrdn Healthcare Opportunities Fund Shares of Beneficial Interest $10,532,709 0.95% 562,344 $547,274 Down ×1
CSW CSW Industrials, Inc. Common Stock $9,232,333 0.84% 33,174 $125,057 Down ×1
ZTS Zoetis Inc. Class A Common Stock $8,505,106 0.77% 118,357 $-4,712,480 Up ×2
ETG Eaton Vance Tax-Advantaged Global Dividend Income Fund Common Shares of Beneficial Interest $7,125,165 0.65% 302,683 $858,931 Down ×4
CHKP Check Point Software Technologies Ltd. - Ordinary Shares $6,856,309 0.62% 52,167 $-849,306 Down ×1
EXEL Exelixis, Inc. - Common Stock $6,246,214 0.57% 114,799 $2,151,720 Up ×2
PINS Pinterest, Inc. Class A Common Stock $5,719,718 0.52% 271,979 $1,660,874 Up ×1
POOL Pool Corporation - Common Stock $5,060,250 0.46% 23,547 $-88,545 Down ×1
INCY Incyte Corporation - Common Stock $5,051,548 0.46% 44,562 $1,290,983 Up ×2
CRUS Cirrus Logic, Inc. - Common Stock $4,967,734 0.45% 33,446 $788,939 Up ×2
IJR $4,927,600 0.45% 33,225 $3,527,621 Up ×2
QLYS Qualys, Inc. - Common Stock $4,400,505 0.40% 32,006 Up ×1
LNTH Lantheus Holdings, Inc. - Common Stock $4,366,820 0.40% 39,362 $2,016,077 Up ×3
DOCU DocuSign, Inc. - Common Stock $4,275,114 0.39% 96,243 $467,285 Up ×1
ESTC Elastic N.V. Ordinary Shares $3,216,042 0.29% 56,402 Up ×1
AVUV $3,174,393 0.29% 25,444 $2,185,245 Up ×2
CART Maplebear Inc. - Common Stock $2,933,853 0.27% 61,961 Up ×1
TEAM Atlassian Corporation - Class A Common Stock $2,863,139 0.26% 36,806 $778,033 Up ×1
WDAY Workday, Inc. - Class A Common Stock $2,726,171 0.25% 22,269 Up ×1
AAPL Apple Inc. - Common Stock $1,970,604 0.18% 6,810 $725,709 Up ×1
PYPL PayPal Holdings, Inc. - Common Stock $1,733,116 0.16% 40,137 $381,689 Up ×2
HUBS HubSpot, Inc. Common Stock $1,610,833 0.15% 8,826 Up ×1
PATH UiPath, Inc. Class A Common Stock $1,555,954 0.14% 143,142 $213,964 Up ×2
HPQ HP Inc. Common Stock $1,492,556 0.14% 68,029 $663,299 Up ×2
MU Micron Technology, Inc. - Common Stock $1,232,782 0.11% 1,068 $948,659 Up ×2
BE Bloom Energy Corporation Class A Common Stock $1,067,926 0.10% 3,528 $592,085 Up ×1
DELL Dell Technologies Inc. Class C Common Stock $859,900 0.08% 1,993 Up ×1
DBMF $784,045 0.07% 25,614 Up ×1
NVDA NVIDIA Corporation - Common Stock $662,172 0.06% 3,309 $209,714 Up ×1
TSM Taiwan Semiconductor Manufacturing Company Ltd. $625,139 0.06% 1,309 $182,762
AVK Advent Convertible and Income Fund $560,980 0.05% 42,823 $83,076
GOOG Alphabet Inc. - Class C Capital Stock $560,028 0.05% 1,585 $-3,219,353 Down ×6
CF CF Industries Holdings, Inc. Common Stock $539,243 0.05% 4,981
CB Chubb Limited Common Stock $526,443 0.05% 1,545 $22,881
APA APA Corporation - Common Stock $514,899 0.05% 15,809 Up ×1
VIAV Viavi Solutions Inc. - Common Stock $508,442 0.05% 10,648 Up ×1
UFCS United Fire Group, Inc - Common Stock $482,343 0.04% 9,198 Up ×1
SU Suncor Energy Inc. Common Stock $476,786 0.04% 8,882 Up ×1
KLIC Kulicke and Soffa Industries, Inc. - Common Stock $471,103 0.04% 3,522 Up ×1
DIS Walt Disney Company (The) Common Stock $457,188 0.04% 4,750 $-617
AS Amer Sports, Inc. Ordinary Shares $430,783 0.04% 12,730 Up ×1
SNDK Sandisk Corporation - Common Stock $422,914 0.04% 186 Up ×1
WMT Walmart Inc. - Common Stock $405,358 0.04% 3,579 $31,027 Up ×1
GLD $404,481 0.04% 1,098 Up ×1
EXPE Expedia Group, Inc. - Common Stock $384,076 0.03% 1,501 $86,228 Up ×1
BEKE KE Holdings Inc American Depositary Shares (each representing three Class A Ordinary Shares) $381,006 0.03% 26,222 Up ×1
BSCQ Invesco BulletShares 2026 Corporate Bond ETF $368,378 0.03% 18,867 $-106,689 Down ×4
EQNR Equinor ASA $367,474 0.03% 11,703 Up ×1
TER Teradyne, Inc. - Common Stock $333,366 0.03% 689 Up ×1
UNH UnitedHealth Group Incorporated Common Stock (DE) $322,529 0.03% 776 $112,551
EOG EOG Resources, Inc. Common Stock $293,709 0.03% 2,264 Up ×1
C Citigroup, Inc. Common Stock $289,437 0.03% 2,068 Up ×1
VICR Vicor Corporation - Common Stock $284,455 0.03% 749 Up ×1
DY Dycom Industries, Inc. Common Stock $273,524 0.02% 541 Up ×1
AVGO Broadcom Inc. - Common Stock $261,403 0.02% 692 Up ×1
ETN Eaton Corporation, PLC Ordinary Shares $251,411 0.02% 590 Up ×1
SWKS Skyworks Solutions, Inc. - Common Stock $250,318 0.02% 3,692 $-2,004,887 Down ×1
CDE Coeur Mining, Inc. Common Stock $245,404 0.02% 15,037 Up ×1
DFIV $233,096 0.02% 4,315 $12,001 Up ×1
CRDO Credo Technology Group Holding Ltd - Ordinary Shares $232,245 0.02% 854 Up ×1
BMA Banco Macro S.A. ADR (representing Ten Class B Common Shares) $217,679 0.02% 2,351 Up ×1
AVDV $216,302 0.02% 2,099 $8,793 Up ×1
STX Seagate Technology Holdings PLC - Ordinary Shares (Ireland) $208,440 0.02% 216 Up ×1
HL Hecla Mining Company Common Stock $180,222 0.02% 11,680 Up ×1
FRSH Freshworks Inc. - Class A Common Stock $136,883 0.01% 13,526 $46,762 Up ×2
EGHT 8x8 Inc - Common stock $24,721 0.00% 14,457 $-1,671 Down ×2

Conviction holdings

Positions increased for 3+ consecutive quarters.

Share counts are as reported in 13F filings (not split-adjusted)

Security Value % of portfolio Streak
PRGS $34,010,886 3.08% up ×6
LNTH $4,366,820 0.40% up ×3

Biggest new bets

New positions opened this quarter, largest first.

Security Value Shares % of portfolio
SPGI $19,880,082 48,814 1.80%
QLYS $4,400,505 32,006 0.40%
ESTC $3,216,042 56,402 0.29%
CART $2,933,853 61,961 0.27%
WDAY $2,726,171 22,269 0.25%
HUBS $1,610,833 8,826 0.15%
DELL $859,900 1,993 0.08%
DBMF $784,045 25,614 0.07%
CF $539,243 4,981 0.05%
APA $514,899 15,809 0.05%
VIAV $508,442 10,648 0.05%
UFCS $482,343 9,198 0.04%
SU $476,786 8,882 0.04%
KLIC $471,103 3,522 0.04%
AS $430,783 12,730 0.04%

Top movers (QoQ)

Security Action Shares Δ Value Δ
CCSI Trimmed -202K +$21.7M
VNT Trimmed -254K -$21.5M
LRCX Trimmed -50K +$13.9M
PRGS Bought more +97K +$10.5M
LPLA Trimmed -14K -$8.7M
MEDP Trimmed -20K -$8.1M
SSNC Trimmed -49K -$6.5M
TREX Trimmed -6K +$6.1M
MCK Trimmed -2K -$6.0M
SCHW Trimmed -48K -$5.5M

Exited positions

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

SecurityQuarter Shares before Value before Price since exit
FOXA Sept. 30, 2025 194,927 $10,923,736 8.3%
WBD Sept. 30, 2025 658,795 $7,549,791 45.5%
CMCSA June 30, 2025 137,303 $5,066,489 -25.9%
IWN June 30, 2025 31,350 $4,733,223 No longer tracked
BUD March 31, 2026 65,355 $4,185,334 12.3%
NMAI June 30, 2026 287,763 $3,568,258 1.1%
ZM June 30, 2026 36,838 $2,961,407 22.7%
APAM March 31, 2025 66,041 $2,843,051 8.4%
UTHR June 30, 2026 4,345 $2,576,498 -2.9%
TAP March 31, 2025 44,668 $2,560,343 -30.3%
ETY June 30, 2026 179,813 $2,479,621 -1.0%
JNJ March 31, 2025 14,978 $2,166,138 61.1%
BWA March 31, 2026 29,929 $1,348,601 25.3%
DOCU Sept. 30, 2025 16,093 $1,253,484 -15.5%
BMY March 31, 2026 19,379 $1,045,303 8.9%
QRVO March 31, 2026 11,983 $1,012,683 24.5%
CF March 31, 2025 10,617 $905,842 63.4%
BN March 31, 2026 19,286 $885,035 3.7%
ETSY June 30, 2026 16,963 $847,811 7.1%
NTES March 31, 2026 5,302 $729,661 14.1%
BRKA June 30, 2026 1 $718,140 No longer tracked
EG Sept. 30, 2025 1,831 $622,265 5.5%
FVRR March 31, 2026 31,469 $621,827 -8.4%
ASML March 31, 2026 493 $527,441 32.8%
ACGL Sept. 30, 2025 4,985 $453,884 9.9%
OTEX Sept. 30, 2025 15,022 $438,642 -34.1%
ACN March 31, 2026 1,513 $405,938 -7.9%
NU March 31, 2026 23,714 $396,972 0.8%
ENPH June 30, 2026 10,380 $392,468 -20.6%
NICE March 31, 2026 3,417 $386,258 -9.7%
NVO Dec. 31, 2025 6,266 $347,700 -8.2%
DBX Sept. 30, 2025 11,835 $338,481 11.4%
TGEN Dec. 31, 2025 37,167 $327,441 No longer tracked
BHP June 30, 2025 5,960 $289,298 100.3%
MRK June 30, 2025 3,201 $287,322 91.6%
QCOM June 30, 2026 2,225 $286,536 -12.9%
QLTY March 31, 2026 7,418 $285,296 No longer tracked
IBEX June 30, 2025 11,670 $284,165 23.6%
FET March 31, 2026 7,671 $283,443 35.3%
HRTG June 30, 2025 19,175 $276,504 35.6%
NATR March 31, 2026 12,733 $274,778 -40.3%
ESP March 31, 2026 5,776 $272,223 No longer tracked
FEIM March 31, 2025 14,264 $264,169 323.1%
BKTI Dec. 31, 2025 3,098 $261,719 No longer tracked
SPYM June 30, 2026 3,397 $260,006 No longer tracked
ZD March 31, 2025 4,655 $252,953 46.6%
FSTR March 31, 2025 9,269 $249,336 85.2%
CRTO March 31, 2026 11,753 $242,229 -1.8%
TACT March 31, 2026 59,022 $236,088 48.2%
FTNT Sept. 30, 2025 2,152 $227,509 77.7%
ITRN June 30, 2026 4,623 $226,573 -16.3%
NCSM Dec. 31, 2025 4,353 $222,264 26.9%
ZENV June 30, 2025 105,058 $221,672 No longer tracked
BAM Dec. 31, 2025 3,735 $212,671 -0.6%
BLIN June 30, 2025 143,093 $211,778 -27.3%
OOMA March 31, 2026 17,803 $208,829 42.4%
MSB June 30, 2025 7,737 $208,744 -2.4%
EBAY Sept. 30, 2025 2,789 $207,648 14.4%
NCSM June 30, 2025 5,834 $204,132 69.7%
BOXX March 31, 2025 1,838 $202,695 No longer tracked
SNCR Dec. 31, 2025 33,099 $201,242 No longer tracked
BAM March 31, 2025 3,712 $201,153 7.5%
CMT June 30, 2025 13,019 $197,889 No longer tracked
CCEL June 30, 2025 30,913 $196,916 No longer tracked
MGIC June 30, 2025 14,984 $194,642 No longer tracked
UUU March 31, 2026 36,024 $185,884 No longer tracked
MG March 31, 2026 14,564 $184,235 31.1%
ZDGE Dec. 31, 2025 58,338 $169,764 No longer tracked
GIFI June 30, 2025 26,115 $168,703 No longer tracked
PPIH March 31, 2025 11,014 $164,659 128.0%
RSSS Dec. 31, 2025 43,306 $161,531 -24.5%
CHCI Dec. 31, 2025 11,013 $154,292 58.9%
RNGR Dec. 31, 2025 10,801 $151,646 24.8%
SSP June 30, 2025 50,290 $148,858 12.1%
UEIC Dec. 31, 2025 31,737 $147,894 35.1%
ABEV June 30, 2025 62,762 $146,235 18.7%
RAIL Sept. 30, 2025 16,561 $142,756 -25.0%
CRNT March 31, 2025 30,406 $141,996 -8.9%
SLSR March 31, 2026 17,543 $139,818 No longer tracked
AUNA March 31, 2026 28,098 $138,242 -4.0%
SSSS March 31, 2026 14,513 $137,003 No longer tracked
OPRT March 31, 2026 25,761 $136,276 63.1%
UG March 31, 2025 13,966 $134,772 -21.0%
HNNA Sept. 30, 2025 10,414 $131,216 -5.3%
MHH June 30, 2025 12,851 $131,209 No longer tracked
HFFG March 31, 2026 60,285 $129,613 -1.9%
ULBI March 31, 2026 22,223 $127,116 5.1%
TBLA March 31, 2026 27,509 $126,816 19.7%
TRVG Sept. 30, 2025 32,749 $123,464 52.0%
PBYI March 31, 2026 20,056 $119,333 44.5%
CPIX March 31, 2026 29,189 $116,172 130.8%
VNCE March 31, 2026 27,989 $114,195 145.4%
DH Dec. 31, 2025 26,977 $109,527 -75.6%
CVU June 30, 2025 30,868 $107,112 No longer tracked
MSGM Dec. 31, 2025 37,983 $106,352 16.4%
CCLD June 30, 2026 28,990 $105,814 23.3%
BWAY March 31, 2025 11,044 $104,145 58.5%
OPFI March 31, 2025 13,219 $101,258 -23.3%
SNOA Sept. 30, 2025 33,782 $96,110 -65.6%
SSUP June 30, 2025 41,951 $89,356 No longer tracked
ETWO Sept. 30, 2025 27,361 $88,376 No longer tracked
SCOR Dec. 31, 2025 10,112 $88,278 -20.5%
GILT June 30, 2025 13,588 $86,284 49.7%
BTMD March 31, 2026 31,893 $82,922 10.7%
LGPS Sept. 30, 2025 95,789 $78,451 No longer tracked
BTM March 31, 2026 59,065 $76,194 No longer tracked
TYGO March 31, 2026 55,179 $76,147 -70.1%
RFIL March 31, 2026 13,119 $75,828 12.3%
TG March 31, 2026 10,551 $75,756 1.2%
VMEO March 31, 2025 11,609 $74,298 No longer tracked
QUAD March 31, 2026 11,562 $72,494 54.8%
NEPH March 31, 2026 13,471 $65,738 42.6%
MAPS March 31, 2026 69,029 $56,956 No longer tracked
TEAD Dec. 31, 2025 31,059 $51,247 -5.0%
RBBN June 30, 2025 12,764 $50,035 -50.5%
AIRI March 31, 2025 11,608 $47,245 No longer tracked
GTEC March 31, 2025 24,116 $46,785 -45.0%
CVAC June 30, 2025 15,213 $42,140 No longer tracked
SNAL June 30, 2025 47,300 $41,548 108.4%
FPAY June 30, 2025 31,084 $39,788 No longer tracked
HGBL March 31, 2026 31,925 $39,587 -17.3%
EXFY Sept. 30, 2025 14,143 $36,630 40.0%
IMCC March 31, 2026 25,875 $35,966 -70.0%
PERF Sept. 30, 2025 11,765 $27,060 0.0%
OXBR Sept. 30, 2025 15,482 $26,939 -26.3%
UPLD June 30, 2026 27,192 $18,110 11.0%
HTCR June 30, 2025 12,049 $9,037 438.8%