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RIA / WealthRegistered adviserasset managerSEC registeredRAUM 1b 10b

HEARD CAPITAL LLC

CRD 297176

CHICAGO, IL

This is the graph view. The full profile, with its team, deals and sources, is on RIA / Wealth Management.Open the full profile →

Search this name across graphsid dfx:ria:c7536ce5-49b3-34ad-9b51-6b310e6155d2

Data as of Aug 7, 2026 (this record's last observation) from federal regulator filings. Page built Sep 21, 2026, 1:45 PM UTC and rebuilt at most every 15 minutes.

Relationships: 9
Dated events: 7
On other graphs: 0
Observed: Jun 25, 2018 to Aug 7, 2026
22 observations

Across DFX

This entity has not been resolved onto another DFX graph by a shared identifier. A name match elsewhere would be a candidate, never an identity, and none is recorded.

Facts

fact = as filed or announced; derived = computed by DFX; estimate = a band, never a point

Firm class: asset managerderivedprivate_client_share=0.0 fund_share=0.66 institutional_share=0.34 related_bd=false related_bank=false bd_reps=0.0
Regulatory AUM: $2.4BItem 5.F on the latest filing (2026-08-07); as reported, and an affiliate's assets may be counted again on its own filing
Discretionary RAUM: $2.4B
Private client RAUM: $0derivedItem 5.D individuals plus high net worth individuals
Private client share: 0%derivedprivate client RAUM over total RAUM
Advisors on IAPD: 2
RAUM per advisor: $1.2Bderivedthe firm's RAUM over its IAPD headcount: a firm average, never a person's book
Employees: 10
Advisory employees: 5
Offices: 2Schedule D 1.F, beyond the principal office
Accounts: 12
Private funds: 1Schedule D 7.B(1)
Custody, client assets: $1.5B
SEC number: 801-117709
CIK: 1796409
CRD: 297176
Filings on the tape: 22
First filed: Jun 25, 2018
Latest filed: Aug 7, 2026
Organised: Limited Liability Company, DE
Website: heardcapital.com

Advisors on IAPD

current investment adviser representatives on the IAPD individual feed, longest tenure first

Advisor	Designations	Branch	Years here	In industry	Prior firms	Dual registered
Joseph Kyungmin Lee	Chartered Financial Analyst	CHICAGO, IL	7	11	n/a	no
WILLIAM ELLAK HEARD	n/a	CHICAGO, IL	7	15	n/a	no

Private funds

Schedule D 7.B(1); gross asset value as reported, never fund size; reporting ends 2024-12-31

Fund	Type	Reported GAV	As of	Owners	First reported	Status	Form D file
HEARD HIGH CONVICTION LONG ONLY FUND LLC	Hedge Fund	$1.0B	Mar 26, 2024	82	Oct 31, 2019	reported	021-442153
HEARD OPPORTUNITY MASTER FUND, L.P.	Hedge Fund	$26.4M	Mar 26, 2024	16	Jun 25, 2018	reported	021-430647

Owners and control persons

Schedule A and B as filed; ownership codes are the form's bands (NA under 5%, A 5 to 10%, B 10 to 25%, C 25 to 50%, D 50 to 75%, E over 75%); people are listed as filed and never merged by name

Owner	Title	Ownership code	Control person	Acquired	First seen	Last seen
CASEY, ERIN, MARY	CCO, GC, CAO	Na	yes	03/2022	Mar 30, 2022	Mar 26, 2024
GRANSTRAND, STEPHEN, A	COO AND CFO	Na	yes	04/2019	Oct 31, 2019	Mar 26, 2024
HEARD INVESTMENT MANAGER LLC	Member	E	yes	05/2011	Mar 27, 2023	Mar 26, 2024
HEARD, WILLIAM, E	Owner	E	yes	05/2011	Jun 25, 2018	Mar 26, 2024
HEARD, WILLIAM, E	CEO, CIO, MANAGER	Na	yes	06/2010	Jun 25, 2018	Mar 26, 2024

Regulatory AUM by fiscal year

annual amendments (and the roster's annual snapshot) as filed; where a year was amended twice the later filing draws the line; showing 7 of 9

Fiscal year	Filed	RAUM	Discretionary	Employees	Advisory staff	Offices	Private funds	Fund GAV
2025	Apr 17, 2026	$2.4B	$2.4B	10	5	2	1	n/a
2024	Mar 31, 2025	$1.9B	$1.9B	9	6	0	2	n/a
2023	Mar 26, 2024	$1.7B	$1.7B	7	4	0	2	$1.0B
2022	Mar 27, 2023	$1.0B	$1.0B	6	3	0	2	$598M
2021	Mar 30, 2022	$698M	$698M	7	4	0	2	$572M
2020	Mar 29, 2021	$344M	$344M	5	3	0	2	$256M
2019	Mar 17, 2020	$197M	$197M	5	5	0	2	$130M

Advisor flows

derived: registrations beginning and ending at this CRD on IAPD, bulk corporate re-registrations excluded; the rate is departures over IAPD headcount

Joined, 12m	Left, 12m	Net, 12m	Departure rate, 12m	Joined, 90d	Left, 90d	Left, no destination yet	Joined, 36m	Left, 36m
0	0	0	0.0%	0	0	0	0	0

Growth

derived from consecutive annual filings; RAUM as reported

Latest fiscal year	RAUM	A year earlier	1y change	Three years earlier	3y CAGR	Employees	A year earlier	Offices	A year earlier
2025	$2.4B	$1.9B	25.4%	$1.0B	33.5%	10	9	2	0

Relationships

Advises (2)

→ HEARD OPPORTUNITY MASTER FUND, L.P.Private fundHedge Fund, IA
Jun 25, 2018 to presentfactForm ADV
→ HEARD HIGH CONVICTION LONG ONLY FUND LLCPrivate fundHedge Fund, IA
Oct 31, 2019 to presentfactForm ADV

Registered with (2)

← WILLIAM ELLAK HEARDAdvisorregistration: current employment
Nov 30, 2018 to presentfactForm ADV
← Joseph Kyungmin LeeAdvisorregistration: current employment
Nov 3, 2018 to presentfactForm ADV

Controls (4)

← HEARD, WILLIAM, EOwnerOWNER, ownership code E, individual
Jun 25, 2018 to Mar 26, 2024factForm ADV
← GRANSTRAND, STEPHEN, AOwnerCOO AND CFO, ownership code NA, individual
Oct 31, 2019 to Mar 26, 2024factForm ADV
← CASEY, ERIN, MARYOwnerCCO, GC, CAO, ownership code NA, individual
Mar 30, 2022 to Mar 26, 2024factForm ADV
← HEARD INVESTMENT MANAGER LLCOwnerMEMBER, ownership code E, domestic entity
Mar 27, 2023 to Mar 26, 2024factForm ADV

Dated events

Occurred
Mar 30, 2026
Regulatory AUM changed
Heard Capital Llc reported RAUM $2.4B, up 25% from $1.9B (2025-03-31 to 2026-03-30)
Form ADVobserved 6 days ago
$485M
Occurred
Mar 26, 2024
Regulatory AUM changed
Heard Capital Llc reported RAUM $1.7B, up 64% from $1.0B (2023-03-27 to 2024-03-26)
Form ADVobserved 6 days ago
$644M
Occurred
Mar 27, 2023
Regulatory AUM changed
Heard Capital Llc reported RAUM $1.0B, up 44% from $697.5M (2022-04-10 to 2023-03-27)
Form ADVobserved 6 days ago
$309M
Occurred
Mar 30, 2022
Regulatory AUM changed
Heard Capital Llc reported RAUM $697.5M, up 103% from $344.1M (2021-10-14 to 2022-03-30)
Form ADVobserved 6 days ago
$353M
Occurred
Mar 30, 2022
Control person joined
Mary Erin Casey (Cco, Gc, Cao) appeared on Schedule A of Heard Capital Llc
Form ADVobserved 6 days ago
Occurred
Oct 31, 2019
Control person joined
A Stephen Granstrand (Chief Compliance Officer) appeared on Schedule A of Heard Capital Llc
Form ADVobserved 6 days ago
Occurred
Jun 25, 2018
First Form ADV filing
Heard Capital Llc filed its initial SEC registration (Form ADV)
Form ADVobserved 6 days ago

Provenance

Graph: RIA / Wealth Management
Canonical id: dfx:ria:c7536ce5-49b3-34ad-9b51-6b310e6155d2
First observed: Jun 25, 2018
Last observed: Aug 7, 2026 45 days ago
Source families: Federal regulator filings
3 registered feeds stand behind this record; each fact above carries its own dates and, where the publisher serves one, its document.
Resolution: Identity across graphs by shared identifier (CRD, CIK, EIN, ADV fund id, individual CRD) or citation; a name match is shown as a candidate and never merged.

HEARD CAPITAL LLC

CRD 297176

CHICAGO, IL

This is the graph view. The full profile, with its team, deals and sources, is on RIA / Wealth Management.Open the full profile →

Search this name across graphsid dfx:ria:c7536ce5-49b3-34ad-9b51-6b310e6155d2

Data as of Aug 7, 2026 (this record's last observation) from federal regulator filings. Page built Sep 21, 2026, 1:45 PM UTC and rebuilt at most every 15 minutes.

Advisor

Designations

Branch

Years here

In industry

Prior firms

Dual registered

Joseph Kyungmin Lee

Chartered Financial Analyst

CHICAGO, IL

n/a

WILLIAM ELLAK HEARD

n/a

CHICAGO, IL

n/a

Fund

Type

Reported GAV

As of

Owners

First reported

Status

Form D file

HEARD HIGH CONVICTION LONG ONLY FUND LLC

Hedge Fund

$1.0B

Mar 26, 2024

Oct 31, 2019

reported

021-442153

HEARD OPPORTUNITY MASTER FUND, L.P.

Hedge Fund

$26.4M

Mar 26, 2024

Jun 25, 2018

reported

021-430647

Owner

Title

Ownership code

Control person

Acquired

First seen

Last seen

CASEY, ERIN, MARY

CCO, GC, CAO

yes

03/2022

Mar 30, 2022

Mar 26, 2024

GRANSTRAND, STEPHEN, A

COO AND CFO

yes

04/2019

Oct 31, 2019

Mar 26, 2024

HEARD INVESTMENT MANAGER LLC

Member

yes

05/2011

Mar 27, 2023

Mar 26, 2024

HEARD, WILLIAM, E

Owner

yes

05/2011

Jun 25, 2018

Mar 26, 2024

HEARD, WILLIAM, E

CEO, CIO, MANAGER

yes

06/2010

Jun 25, 2018

Mar 26, 2024

Fiscal year

Filed

RAUM

Discretionary

Employees

Advisory staff

Offices

Private funds

Fund GAV

2025

Apr 17, 2026

$2.4B

n/a

2024

Mar 31, 2025

$1.9B

n/a

2023

Mar 26, 2024

$1.7B

$1.0B

2022

Mar 27, 2023

$1.0B

$598M

2021

Mar 30, 2022

$698M

$572M

2020

Mar 29, 2021

$344M

$256M

2019

Mar 17, 2020

$197M

$130M

Joined, 12m

Left, 12m

Net, 12m

Departure rate, 12m

Joined, 90d

Left, 90d

Left, no destination yet

Joined, 36m

Left, 36m

0.0%

Latest fiscal year

RAUM

A year earlier

1y change

Three years earlier

3y CAGR

Employees

A year earlier

Offices

A year earlier

2025

$2.4B

$1.9B

25.4%

$1.0B

33.5%