Heron Bay Capital Management

CIK 0001842149 · Q1 2026

13F Equity AUM

$1.1B

+106.9% QoQ

Positions

-34 QoQ

AUM Rank

#2,655

Top 21%

Skill Alpha (FF)

+0.3%/yr^ns

No Clear Edge

Rank #2,063 · Top 25%

vs S&P -4.6%/yr (unadj.)

Quarters Tracked

~5 years

Portfolio Concentration

Top 5: 29.6%Top 10: 49.5%Top 20: 76.4%

VNT7.1%

LPLA6.9%

SCHW5.3%

AMZN5.2%

GOOGL5.0%

FDS4.6%

CCSI4.5%

SSNC3.9%

KKR3.5%

CPAY3.5%

Others (68)50.5%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Technology35.6%

Financial Services27.3%

Consumer Cyclical9.9%

Healthcare9.7%

Communication Services9.0%

Industrials8.4%

Other0.1%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 78Median: 0.36%Avg: 1.28%

0–0.5%

43(5.7%)

0.5–1%

6(5.0%)

1–3%

15(26.6%)

3–5%

10(38.2%)

5%+

4(24.6%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 77Unique: 1vs 20 funds

1.1%Low

Fund positions

7,299

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

MORGAN STANLEY

1.4%

BANK OF AMERICA CORP /DE/

1.6%

1.7%

1.4%

2.3%

GEODE CAPITAL MANAGEMENT, LLC

1.9%

VANGUARD CAPITAL MANAGEMENT LLC

1.9%

VANGUARD PORTFOLIO MANAGEMENT LLC

2.3%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New6Increased52Decreased13Exited40

New Positions

PINS0.4%

+221K

DOCU0.3%

+80K

TEAM1EUR0.2%

+31K

DFIV0.0%

+4K

SPYM0.0%

+3K

AVDV0.0%

+2K

Increased

VNT7.1%

+1.4M(+169%)

CCSI4.5%

+786K(+63%)

PRGS2.2%

+651K(+246%)

TREX1.6%

+413K(+777%)

SCHW5.3%

+374K(+156%)

SSNC3.9%

+352K(+130%)

KKR3.5%

+307K(+294%)

TRU2.7%

+248K(+140%)

TNET1.0%

+210K(+267%)

AMZN5.2%

+184K(+210%)

Decreased

CCLD0.0%

-63,749(-69%)

UPLD0.0%

-55,992(-67%)

EGHT0.0%

-28,359(-64%)

ITRN0.0%

-5,433(-54%)

BSCQ0.0%

-3,125(-11%)

AAPL0.1%

-1,522(-24%)

GOOG0.3%

-909(-6%)

ETG0.6%

-591(-0%)

EXPE0.0%

-590(-31%)

TSM0.0%

-238(-15%)

Exited

-65,355

-29,929

-19,379

-11,983

-19,286

NTES

-5,302

FVRR

-31,469

ASML

-493

-23,714

ACN

-1,513

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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