UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F COVER PAGE
OMB APPROVAL
OMB Number:3235-0006
Expires:July 31, 2015
Estimated average burden
hours per response:23.8
Report for the Calendar Year or Quarter Ended:
03-31-2025
Check here if Amendment: ☐ Amendment Number:
This Amendment (Check only one.):☐ is a restatement.
☐ adds new holdings entries.

Institutional Investment Manager Filing this Report:

Name:
Heron Bay Capital Management
Address:
40701 WOODWARD AVE SUITE 104
BLOOMFIELD HILLS, MI 48304
Form 13F File Number:
028-20805

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.


Person Signing this Report on Behalf of Reporting Manager:
Name:
Kevin Kuhl
Title:
Chief Compliance Officer
Phone:
(248) 970-0900


Signature, Place, and Date of Signing:

Kevin Kuhl
                         [Signature]
Bloomfield Hills, MICHIGAN
                 [City, State]
05-13-2025
                           [Date]
                          

Report Type (Check only one.):

☒ 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) 

☐ 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) 

☐ 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)


Form 13F Summary Page

Report Summary:

Number of Other Included Managers:
0
Form 13F Information table Entry Total:
116
Form 13F Information table Value Total:
475735415
          (thousands)

List of Other Included Managers:

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.
[If there are no entries in this list, state "NONE" and omit the column headings and list entries.]

  
NONE


UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number:3235-0006
Expires:July 31, 2015
Estimated average burden
hours per response:23.8
COLUMN 1COLUMN 2COLUMN 3COLUMN 4COLUMN 5COLUMN 6COLUMN 7COLUMN 8
VALUESHRS ORSH/PUT/INVESTMENTOTHERVOTING AUTHORITY
NAME OF ISSUERTITLE OF CLASSCUSIP(x$1000)PRN AMTPRNCALLDISCRETIONMANAGERSOLESHAREDNONE
2023 ETF SERIES TRUST IIGMO US QUALITY E90139K100560,30417,924SHSOLE 0 0 17,924
8X8 INC NEWCOM28291410088,65244,326SHSOLE 0 0 44,326
ABRDN HEALTHCARE OPPORTUNITISHS8791051049,386,556454,775SHSOLE 0 0 454,775
ACCENTURE PLC IRELANDSHS CLASS AG1151C101478,3571,533SHSOLE 0 0 1,533
ADVENT CONV & INCOME FDCOM00764C109493,74842,823SHSOLE 0 0 42,823
ALPHABET INCCAP STK CL A02079K30521,715,701140,427SHSOLE 0 0 140,427
ALPHABET INCCAP STK CL C02079K1072,745,74217,575SHSOLE 0 0 17,575
AMAZON COM INCCOM02313510616,696,29187,755SHSOLE 0 0 87,755
AMBEV SASPONSORED ADR02319V103146,23562,762SHSOLE 0 0 62,762
AMERICAN CENTY ETF TRUS SML CP VALU0250728773,957,25645,397SHSOLE 0 0 45,397
ANHEUSER BUSCH INBEV SA/NVSPONSORED ADR03524A1085,657,30291,899SHSOLE 0 0 91,899
APPLE INCCOM0378331006,046,02227,218SHSOLE 0 0 27,218
ARCH CAP GROUP LTDORDG0450A105477,4384,964SHSOLE 0 0 4,964
BERKSHIRE HATHAWAY INC DELCL A084670108798,4421SHSOLE 0 0 1
BERKSHIRE HATHAWAY INC DELCL B NEW0846707029,896,93418,583SHSOLE 0 0 18,583
BHP GROUP LTDSPONSORED ADS088606108289,2985,960SHSOLE 0 0 5,960
BORGWARNER INCCOM099724106874,74230,532SHSOLE 0 0 30,532
BRIDGELINE DIGITAL INCCOM10807Q700211,778143,093SHSOLE 0 0 143,093
BRISTOL-MYERS SQUIBB COCOM1101221082,287,12537,500SHSOLE 0 0 37,500
BROOKFIELD CORPCL A LTD VT SH11271J107678,81412,952SHSOLE 0 0 12,952
BROWN & BROWN INCCOM11523610112,174,73797,868SHSOLE 0 0 97,868
CARECLOUD INCCOM14167R100168,722121,383SHSOLE 0 0 121,383
CHECK POINT SOFTWARE TECH LTORDM224651045,287,51623,199SHSOLE 0 0 23,199
CHUBB LIMITEDCOMH1467J104466,5751,545SHSOLE 0 0 1,545
CIRRUS LOGIC INCCOM1727551002,491,07624,997SHSOLE 0 0 24,997
COMCAST CORP NEWCL A20030N1015,066,489137,303SHSOLE 0 0 137,303
COMSCORE INCCOM NEW20564W20476,81311,181SHSOLE 0 0 11,181
COMSTOCK HLDG COS INCCL A NEW205684202108,12912,544SHSOLE 0 0 12,544
CONSENSUS CLOUD SOLUTIONS INCOM20848V10522,426,236971,674SHSOLE 0 0 971,674
CORE MOLDING TECHNOLOGIES INCOM218683100197,88913,019SHSOLE 0 0 13,019
CORPAY INCCOM SHS2199481065,588,93516,027SHSOLE 0 0 16,027
CPI AEROSTRUCTURES INCCOM NEW125919308107,11230,868SHSOLE 0 0 30,868
CRYO-CELL INTL INCCOM228895108196,91630,913SHSOLE 0 0 30,913
CUREVAC N VCOMN2451R10542,14015,213SHSOLE 0 0 15,213
DEFINITIVE HEALTHCARE CORPCLASS A COM24477E10357,90420,036SHSOLE 0 0 20,036
DISNEY WALT COCOM254687106473,7604,800SHSOLE 0 0 4,800
DOCUSIGN INCCOM2561631061,304,59816,027SHSOLE 0 0 16,027
DROPBOX INCCL A26210C1041,134,72142,483SHSOLE 0 0 42,483
EATON VANCE TAX-MANAGED DIVECOM27828N1024,515,208316,634SHSOLE 0 0 316,634
EBAY INC.COM278642103509,2437,519SHSOLE 0 0 7,519
ETSY INCCOM29786A1061,226,49125,996SHSOLE 0 0 25,996
EVEREST GROUP LTDCOMG3223R108667,4371,837SHSOLE 0 0 1,837
EXELIXIS INCCOM30161Q1042,721,96473,726SHSOLE 0 0 73,726
EXPEDIA GROUP INCCOM NEW30212P303310,1451,845SHSOLE 0 0 1,845
FACTSET RESH SYS INCCOM30307510516,826,70537,011SHSOLE 0 0 37,011
FLEXSHOPPER INCCOM NEW33939J30339,78831,084SHSOLE 0 0 31,084
FOX CORPCL A COM35137L10516,038,405283,364SHSOLE 0 0 283,364
GILAT SATELLITE NETWORKS LTDSHS NEWM5147411886,28413,588SHSOLE 0 0 13,588
GULF IS FABRICATION INCCOM402307102168,70326,115SHSOLE 0 0 26,115
HEARTCORE ENTERPRISES INCCOM42240Q1049,03712,049SHSOLE 0 0 12,049
HENNESSY ADVISORS INCCOM425885100104,14210,456SHSOLE 0 0 10,456
HERITAGE GLOBAL INCCOM42727E10376,67135,170SHSOLE 0 0 35,170
HERITAGE INSURANCE HLDGS INCCOM42727J102276,50419,175SHSOLE 0 0 19,175
HP INCCOM40434L105734,06226,510SHSOLE 0 0 26,510
IBEX LTDSHS NEWG4690M101284,16511,670SHSOLE 0 0 11,670
INCYTE CORPCOM45337C1022,077,59234,312SHSOLE 0 0 34,312
INVESCO EXCH TRD SLF IDX FDBULSHS 2026 CB46138J791568,93329,206SHSOLE 0 0 29,206
ISHARES TRCORE S&P SCP ETF4642878049,561,88191,440SHSOLE 0 0 91,440
ISHARES TRRUS 2000 VAL ETF4642876304,733,22331,350SHSOLE 0 0 31,350
ITURAN LOCATION AND CONTROLSHSM6158M104562,25215,549SHSOLE 0 0 15,549
KKR & CO INCCOM48251W1046,844,23159,201SHSOLE 0 0 59,201
LABCORP HOLDINGS INCCOM SHS5049221055,449,77423,416SHSOLE 0 0 23,416
LAM RESEARCH CORPCOM NEW5128073066,014,83582,735SHSOLE 0 0 82,735
LPL FINL HLDGS INCCOM50212V10027,558,04484,239SHSOLE 0 0 84,239
MAGIC SOFTWARE ENTERPRISES LORD559166103194,64214,984SHSOLE 0 0 14,984
MASTECH DIGITAL INCCOM57633B100131,20912,851SHSOLE 0 0 12,851
MCKESSON CORPCOM58155Q10312,925,56019,206SHSOLE 0 0 19,206
MEDPACE HLDGS INCCOM58506Q1095,966,74419,583SHSOLE 0 0 19,583
MERCK & CO INCCOM58933Y105287,3223,201SHSOLE 0 0 3,201
MESABI TRCTF BEN INT590672101208,7447,737SHSOLE 0 0 7,737
META PLATFORMS INCCL A30303M10214,984,21125,998SHSOLE 0 0 25,998
MICROSOFT CORPCOM59491810418,194,09548,467SHSOLE 0 0 48,467
MISTRAS GROUP INCCOM60649T107125,69011,880SHSOLE 0 0 11,880
MSCI INCCOM55354G1006,565,54111,610SHSOLE 0 0 11,610
NCS MULTISTAGE HLDGS INCCOM NEW628877201204,1325,834SHSOLE 0 0 5,834
NOVO-NORDISK A SADR670100205356,0885,128SHSOLE 0 0 5,128
NUVEEN MULTI ASSET INCOME FUCOM6707501083,787,975315,139SHSOLE 0 0 315,139
NVIDIA CORPORATIONCOM67066G104216,5831,998SHSOLE 0 0 1,998
OPEN TEXT CORPCOM683715106360,00614,252SHSOLE 0 0 14,252
OPORTUN FINL CORPCOM68376D10485,09515,500SHSOLE 0 0 15,500
OUTBRAIN INCCOM69002R103124,29133,322SHSOLE 0 0 33,322
OXBRIDGE RE HLDGS LTDSHSG6856M10629,26115,482SHSOLE 0 0 15,482
POOL CORPCOM73278L1053,810,70511,970SHSOLE 0 0 11,970
PROGRESS SOFTWARE CORPCOM7433121004,996,99597,010SHSOLE 0 0 97,010
QORVO INCCOM74736K1011,006,64413,902SHSOLE 0 0 13,902
QUAD / GRAPHICS INCCOM CL A747301109274,46250,360SHSOLE 0 0 50,360
QUALCOMM INCCOM747525103335,9452,187SHSOLE 0 0 2,187
RESEARCH SOLUTIONS INCCOM76102510534,32313,201SHSOLE 0 0 13,201
RIBBON COMMUNICATIONS INCCOM76254410450,03512,764SHSOLE 0 0 12,764
ROCKWELL AUTOMATION INCCOM77390310911,165,83143,215SHSOLE 0 0 43,215
SALESFORCE INCCOM79466L3024,816,25717,947SHSOLE 0 0 17,947
SCHWAB CHARLES CORPCOM80851310520,916,636267,203SHSOLE 0 0 267,203
SCRIPPS E W CO OHIOCL A NEW811054402148,85850,290SHSOLE 0 0 50,290
SKYWORKS SOLUTIONS INCCOM83088M1022,264,95835,045SHSOLE 0 0 35,045
SNAIL INCCLASS A COM83301J10041,54847,300SHSOLE 0 0 47,300
SS&C TECHNOLOGIES HLDGS INCCOM78467J10021,261,441254,537SHSOLE 0 0 254,537
SUPERIOR INDS INTL INCCOM86816810589,35641,951SHSOLE 0 0 41,951
SYNCHRONOSS TECHNOLOGIES INCCOM NEW87157B400343,69931,561SHSOLE 0 0 31,561
TAIWAN SEMICONDUCTOR MFG LTDSPONSORED ADS874039100708,9864,271SHSOLE 0 0 4,271
TEXAS INSTRS INCCOM8825081044,492,46825,000SHSOLE 0 0 25,000
TRANSUNIONCOM89400J10713,061,055157,381SHSOLE 0 0 157,381
TRINET GROUP INCCOM8962881074,860,03261,333SHSOLE 0 0 61,333
TRIVAGO N VSPON ADS A SHS N89686D303134,27132,749SHSOLE 0 0 32,749
ULTA BEAUTY INCCOM90384S30312,449,53133,965SHSOLE 0 0 33,965
UNITEDHEALTH GROUP INCCOM91324P102865,7591,653SHSOLE 0 0 1,653
UPLAND SOFTWARE INCCOM91544A109272,22395,183SHSOLE 0 0 95,183
VINCE HLDG CORPCOM NEW92719W20790,94147,365SHSOLE 0 0 47,365
VONTIER CORPORATIONCOM92888110124,890,860757,713SHSOLE 0 0 757,713
WALMART INCCOM931142103251,2552,862SHSOLE 0 0 2,862
WARNER BROS DISCOVERY INCCOM SER A93442310413,162,2011,226,673SHSOLE 0 0 1,226,673
WM TECHNOLOGY INCCOM92971A109193,677171,396SHSOLE 0 0 171,396
ZEBRA TECHNOLOGIES CORPORATICL A9892071059,736,17034,457SHSOLE 0 0 34,457
ZEDGE INCCL B98923T10453,23822,849SHSOLE 0 0 22,849
ZENVIA INCCLASS A COMG9889V101221,672105,058SHSOLE 0 0 105,058
ZOETIS INCCL A98978V1033,132,65619,026SHSOLE 0 0 19,026
ZOOM COMMUNICATIONS INCCL A98980L1012,030,81427,529SHSOLE 0 0 27,529