Firm Description and Principal Owners Heard Capital was founded in 2010 and commenced operations in July 2011. As of the date of this Brochure, Heard Capital is owned 100% by Heard Investment Manager LLC, and the ultimate principal owner of Heard Investment Manager LLC is William Heard. William Heard is the Chief Executive Officer, Chief Investment Officer and Founder of the Adviser. Erin Casey is the Chief Compliance Officer, General Counsel, and Chief Administrative Officer. Stephen Granstrand is the Chief Financial Officer and the Chief Operating Officer. Joseph Lee is a Partner and Head of Risk Management and Trading of the Adviser. Clients and investors may review the SEC website at www.adviserinfo.sec.gov for more information regarding the Adviser’s registration status. Advisory Services The Adviser provides investment management services on a discretionary basis to privately offered pooled investment vehicles exempt from registration under the Investment Company Act of 1940, as amended (the “Company Act”), each referred to herein as a “Fund” and collectively as the “Funds,” as more specifically described below, and to separately managed accounts (“SMAs”). Funds The Adviser serves as the general partner and the investment manager of Heard Opportunity Master Fund, L.P. (the “Opportunity Master Fund”). The Opportunity Master Fund is an exempted limited partnership formed under the laws of the Cayman Islands. It operates as a master fund in a master-feeder arrangement. The feeder funds investing in the Opportunity Master Fund are Heard Opportunity Fund LLC and Heard Opportunity Offshore Fund, Ltd. (together with the Opportunity Master Fund, the “Opportunity Funds”). Heard Opportunity Fund LLC is a Delaware limited liability company. Heard Opportunity Offshore Fund, Ltd. is an exempted company incorporated with limited liability under the laws of the Cayman Islands. The Adviser serves as the manager and the investment manager of Heard High Conviction Long Only Fund LLC (the “Long Only Fund”). The Long

Only Fund is a master fund in a mini-master arrangement. The mini fund investing in the Long Only Fund is Heard High Conviction Long Only Offshore Fund, Ltd. (together with the Long Only Fund, the “Long Only Funds”). Heard High Conviction Long Only Offshore Fund, Ltd. is an exempted company incorporated with limited liability under the laws of the Cayman Islands. The Funds generally target investment opportunities in five sectors: technology, media, telecom, financials, and industrials. Pursuant to its investment management agreements with all the Funds, the Adviser has ultimate authority over all investment decisions and Fund affairs generally. The Adviser provides for the management of assets via SMA. The SMAs are designed in accordance with the investment objectives, mandates and/or guidelines of each client as set forth in the written investment management agreements, or similar agreements, governing such SMA relationships. Tailoring of Advisory Services and Client Imposed Restrictions The Funds are managed according to the strategies, objectives and investment programs set forth in each Fund’s constituent documents, including applicable private placement memoranda. Investors in any of these Heard Capital LLC Form ADV Part 2A 3.26.2024 5 Funds should refer to the Fund’s constituent documents for information about a given Fund’s strategies, objectives and investment program. The Adviser generally does not take the specific circumstances of individual investors in a Fund into account in making investment decisions for such Fund. The Adviser offers individualized investment advice to its SMA clients. SMA clients may be permitted to impose restrictions on investing in certain securities or transactions, provided that such restrictions are transmitted to the Adviser in writing. Wrap Fee Programs The Adviser does not participate in wrap fee programs by providing portfolio management services. Client Assets Managed As of December 31, 2023, Heard Capital managed approximately $1,651,430,029 in client assets on a discretionary basis. Heard Capital does not manage client assets on a non-discretionary basis.