Form D · Hedge Fund

Heard High Conviction Long Only Fund LLC

Chicago, IL · CIK 0001782471

Offering snapshot reported Apr 15, 2026 · SEC filing

Reported sold: $1.07B
Investors reported: 104
Minimum accepted: $1M
First sale: Jul 1, 2019

Fundraising history

Reported sold

Dates are filing dates, not cash receipt dates. Decreases are reported revisions, not evidence of withdrawals. Separate offering histories are not added together.

What changed?

Latest filing versus its linked predecessor, where available.

Reported sold$796,025,000 → $1,067,890,423
Reported investors79 → 104

Filing history

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Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Apr 15, 2026	Amendment	$1,067,890,423	$271,865,423vs Apr 26, 2023	104	SEC filing
Apr 16, 2025	Amendment	$920,199,421	$75,374,421vs Apr 16, 2024	92	SEC filing
Apr 16, 2024	Amendment	$844,825,000	$48,800,000vs Apr 26, 2023	83	SEC filing
Apr 26, 2023	Amendment	$796,025,000	$434,800,000vs Jun 21, 2022	79	SEC filing
Jun 21, 2022	Amendment	$361,225,000	-$139,269,110vs Jan 6, 2022	50	SEC filing
Jan 6, 2022	Amendment	$500,494,110	$371,444,110vs Dec 11, 2020	55	SEC filing
Dec 11, 2020	Amendment	$129,050,000	$99,050,000vs Jul 16, 2019	15	SEC filing
Jul 16, 2019	Initial	$30,000,000	No comparison	1	SEC filing

Offering details

Securities: Pooled investment fund
Exemptions: 06b, 3C, 3C.7
Duration over one year: Yes
Business combination: No

Sales commissions: $8.38K
Finders' fees: $0
Form D file number: 021-344448

Sales compensation recipients

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Recipient	CRD	Associated broker-dealer
Morgan Stanley Smith Barney LLC	149777

Source: Form D, filed Apr 15, 2026. Minimum accepted may differ from a standard advertised minimum.

Fund connections

The linked fund shows its most recently reported ADV details.

Matched by reported Form D file number

HEARD HIGH CONVICTION LONG ONLY FUND LLC

Investment adviser: HEARD CAPITAL LLC

Gross asset value: $1.55B
Beneficial owners: 74
ADV minimum commitment: $1M

Reported in Form ADV on Aug 7, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator NAV CONSULTING INC. OAK BROOK, Illinois, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor RSM US LLP CHICAGO, Illinois, United States

Custodian MORGAN STANLEY & CO. LLC NEW YORK, New York, United States Related to adviser: No

Marketer LINCOLN INTERNATIONAL LLC CHICAGO, Illinois, United States Related to adviser: No

Marketer MORGAN STANLEY NEW YORK, New York, United States Related to adviser: No

Prime broker MORGAN STANLEY & CO. LLC NEW YORK, New York, United States

Provider details

Annual audit: Yes
Prime brokers: Yes
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

RSM US LLP
PCAOB 49

MORGAN STANLEY & CO. LLC
SEC 8-15869

LINCOLN INTERNATIONAL LLC
CRD 42045 · SEC 8-49671

MORGAN STANLEY
CRD 149777 · SEC 801-70103

MORGAN STANLEY & CO. LLC
CRD 8209 · SEC 8-15869

Filing source

Form ADV 2121400 · Aug 7, 2026 · Schedule D 7.B.(1), fund 805-6216609577

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

People & organizations

Current and past Form D appearances. These existing records do not establish a person's current role or uniquely identify them across issuers.

People and organizations reported in Form D filings
Name	Reported role
William Heard	Executive, Promoter
Llc Heard Capital	Executive, Promoter
Heard Capital Llc	Promoter
Heard High Conviction Long Only Mm Lp	Promoter
Manager Llc Heard Investment	Executive
Andrew Jesse	Executive, Promoter
Joseph Lee	Executive, Promoter

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

1 North Wacker Drive Suite 3650
Chicago, IL, 60606