HERALD INVESTMENT MANAGEMENT Ltd
CIK 0001512022
Annualised vol
12.794568%
Beta
0.384555
HHI
212.246445
Top-10 weight
35.172294%
VaR 95%
1.018868%
VaR 99%
2.530694%
Max drawdown
24.060692%
Matched value
98.696484%
Returns of reported holdings
Loading returns…
Position changes vs prior quarter
What the latest 13F shows bought and sold against the quarter before, by share count.
| Ticker | Change | Shares now | Shares before | Share change % | Value now ($) |
|---|---|---|---|---|---|
| SIMO | REDUCED | 147,700 | 367,700 | -59.83% | 49,179,667 |
| CLS | REDUCED | 82,550 | 209,500 | -60.6% | 30,099,381 |
| VICR | REDUCED | 77,100 | 220,000 | -64.95% | 29,257,137 |
| TSEM | REDUCED | 99,000 | 166,000 | -40.36% | 25,777,620 |
| KLIC | REDUCED | 176,600 | 244,100 | -27.65% | 23,613,186 |
| FN | REDUCED | 41,600 | 100,100 | -58.44% | 23,384,192 |
| DOCN | REDUCED | 147,500 | 217,000 | -32.03% | 23,161,925 |
| MU | REDUCED | 18,100 | 21,500 | -15.81% | 20,828,756 |
| CEVA | REDUCED | 369,363 | 520,000 | -28.97% | 17,419,159 |
| PEGA | REDUCED | 554,450 | 686,600 | -19.25% | 16,605,778 |
| RDVT | ADDED | 254,250 | 190,208 | 33.67% | 16,205,895 |
| VRNS | REDUCED | 380,834 | 463,500 | -17.84% | 15,968,370 |
| GOOGL | UNCHANGED | 44,100 | 44,100 | 0.0% | 15,746,346 |
| ARLO | REDUCED | 1,134,325 | 1,377,000 | -17.62% | 15,290,701 |
| AIP | REDUCED | 296,800 | 400,000 | -25.8% | 14,403,704 |
| RDWR | REDUCED | 456,817 | 650,000 | -29.72% | 14,083,668 |
| FROG | REDUCED | 153,550 | 200,000 | -23.23% | 13,954,624 |
| VPG | REDUCED | 83,750 | 170,000 | -50.74% | 12,534,863 |
| SMCI | REDUCED | 421,600 | 699,500 | -39.73% | 12,365,528 |
| AMZN | UNCHANGED | 49,400 | 49,400 | 0.0% | 11,766,092 |
| AMD | REDUCED | 18,820 | 20,720 | -9.17% | 10,918,611 |
| VSH | REDUCED | 180,475 | 300,000 | -39.84% | 9,704,141 |
| MSFT | UNCHANGED | 25,800 | 25,800 | 0.0% | 9,617,466 |
| DRS | REDUCED | 219,500 | 285,000 | -22.98% | 9,370,455 |
| PDFS | REDUCED | 119,667 | 200,000 | -40.17% | 8,462,850 |
| LASR | REDUCED | 121,500 | 185,000 | -34.32% | 8,453,970 |
| POWI | REDUCED | 100,384 | 175,000 | -42.64% | 8,405,152 |
| BAND | REDUCED | 124,000 | 175,000 | -29.14% | 7,843,000 |
| FIVN | REDUCED | 354,500 | 362,000 | -2.07% | 7,554,395 |
| DSGX | REDUCED | 108,000 | 145,000 | -25.52% | 7,476,840 |
| ELVA | REDUCED | 704,500 | 1,150,000 | -38.74% | 7,362,025 |
| TER | UNCHANGED | 15,000 | 15,000 | 0.0% | 7,248,450 |
| ALKT | REDUCED | 400,000 | 500,000 | -20.0% | 7,244,000 |
| OUST | REDUCED | 114,500 | 150,000 | -23.67% | 7,151,670 |
| APPS | REDUCED | 550,329 | 587,829 | -6.38% | 7,093,741 |
| AAPL | ADDED | 24,500 | 22,300 | 9.87% | 7,082,705 |
| QLYS | REDUCED | 47,500 | 55,000 | -13.64% | 6,523,650 |
| AVPT | REDUCED | 575,250 | 775,000 | -25.77% | 6,448,553 |
| VIAV | REDUCED | 128,167 | 225,000 | -43.04% | 6,121,256 |
| FORM | REDUCED | 37,650 | 75,300 | -50.0% | 6,022,118 |
| MRAM | REDUCED | 241,750 | 600,000 | -59.71% | 5,838,263 |
| MPTI | REDUCED | 58,500 | 110,000 | -46.82% | 5,789,745 |
| FA | REDUCED | 312,500 | 350,000 | -10.71% | 5,637,500 |
| PLUS | REDUCED | 67,500 | 75,000 | -10.0% | 5,611,275 |
| KOPN | REDUCED | 1,247,500 | 1,900,000 | -34.34% | 5,576,325 |
| DGII | REDUCED | 74,500 | 100,000 | -25.5% | 5,569,620 |
| VECO | REDUCED | 69,500 | 200,000 | -65.25% | 5,268,100 |
| QUIK | REDUCED | 261,500 | 612,547 | -57.31% | 5,209,080 |
| CLMB | REDUCED | 221,836 | 296,836 | -25.27% | 5,126,630 |
| CTS | REDUCED | 72,500 | 100,000 | -27.5% | 4,726,275 |
| SPIR | REDUCED | 253,000 | 340,000 | -25.59% | 4,693,150 |
| NOVT | UNCHANGED | 28,780 | 28,780 | 0.0% | 4,665,814 |
| RDCM | UNCHANGED | 325,000 | 325,000 | 0.0% | 4,566,250 |
| SILC | REDUCED | 95,800 | 123,300 | -22.3% | 4,524,634 |
| HLIT | REDUCED | 267,000 | 785,000 | -65.99% | 4,357,440 |
| POWL | ADDED | 15,000 | 5,000 | 200.0% | 4,294,050 |
| FC | UNCHANGED | 175,000 | 175,000 | 0.0% | 4,289,250 |
| MLAB | REDUCED | 42,500 | 50,000 | -15.0% | 4,225,775 |
| ALNT | UNCHANGED | 40,000 | 40,000 | 0.0% | 4,111,200 |
| HSTM | UNCHANGED | 150,000 | 150,000 | 0.0% | 4,080,000 |
| SPSC | UNCHANGED | 70,000 | 70,000 | 0.0% | 3,999,100 |
| SMWB | UNCHANGED | 645,465 | 645,465 | 0.0% | 3,963,155 |
| HIMX | REDUCED | 252,000 | 400,000 | -37.0% | 3,865,680 |
| SLP | UNCHANGED | 200,000 | 200,000 | 0.0% | 3,662,000 |
| VERX | ADDED | 300,000 | 200,000 | 50.0% | 3,441,000 |
| CCOI | UNCHANGED | 242,600 | 242,600 | 0.0% | 3,364,862 |
| CINT | ADDED | 1,000,000 | 525,000 | 90.48% | 3,260,000 |
| ARW | UNCHANGED | 15,200 | 15,200 | 0.0% | 3,243,528 |
| PATH | ADDED | 296,280 | 202,280 | 46.47% | 3,217,601 |
| ANET | UNCHANGED | 18,700 | 18,700 | 0.0% | 3,176,943 |
| CMRC | ADDED | 1,060,000 | 700,000 | 51.43% | 3,137,600 |
| AVT | UNCHANGED | 33,000 | 33,000 | 0.0% | 2,930,070 |
| OOMA | UNCHANGED | 150,000 | 150,000 | 0.0% | 2,881,500 |
| ADTN | UNCHANGED | 200,000 | 200,000 | 0.0% | 2,778,000 |
| SLAB | REDUCED | 12,500 | 27,500 | -54.55% | 2,730,875 |
| BRZE | UNCHANGED | 125,000 | 125,000 | 0.0% | 2,710,000 |
| INTC | UNCHANGED | 19,000 | 19,000 | 0.0% | 2,650,310 |
| ZM | UNCHANGED | 25,910 | 25,910 | 0.0% | 2,236,292 |
| DT | UNCHANGED | 50,000 | 50,000 | 0.0% | 2,195,000 |
| VLN | UNCHANGED | 950,000 | 950,000 | 0.0% | 2,147,000 |
| FRSH | UNCHANGED | 190,000 | 190,000 | 0.0% | 1,922,800 |
| RMNI | REDUCED | 350,000 | 1,000,000 | -65.0% | 1,484,000 |
| IDN | REDUCED | 300,000 | 819,816 | -63.41% | 1,227,000 |
| TXN | UNCHANGED | 4,100 | 4,100 | 0.0% | 1,221,513 |
| CHKP | UNCHANGED | 9,200 | 9,200 | 0.0% | 1,207,776 |
| AVNW | REDUCED | 53,000 | 155,000 | -65.81% | 1,176,600 |
| KD | UNCHANGED | 80,000 | 80,000 | 0.0% | 904,800 |
| CRGO | UNCHANGED | 500,000 | 500,000 | 0.0% | 735,000 |
| AWRE | REDUCED | 234,058 | 430,000 | -45.57% | 311,297 |
| GNSS | CLOSED OUT | 0 | 419,370 | -100.0% | 0 |
| RBBN | CLOSED OUT | 0 | 100,000 | -100.0% | 0 |
| NABL | CLOSED OUT | 0 | 63,000 | -100.0% | 0 |
Holdings (latest quarter)
| Ticker | Change | Issuer | Class | CUSIP | Value ($) | Weight % | Shares |
|---|---|---|---|---|---|---|---|
| SIMO | REDUCED | Silicon Motion Technology Corp | ADR | 82706C108 | 49,179,667 | 6.67 | 147700.0 |
| CLS | REDUCED | Celestica Inc | COM | 15101Q207 | 30,099,381 | 4.08 | 82550.0 |
| VICR | REDUCED | Vicor Corp | COM | 925815102 | 29,257,137 | 3.97 | 77100.0 |
| TSEM | REDUCED | Tower Semiconductor Ltd | COM | M87915274 | 25,777,620 | 3.5 | 99000.0 |
| KLIC | REDUCED | Kulicke & Soffa Industries Inc | COM | 501242101 | 23,613,186 | 3.2 | 176600.0 |
| FN | REDUCED | Fabrinet | COM | G3323L100 | 23,384,192 | 3.17 | 41600.0 |
| DOCN | REDUCED | DigitalOcean Holdings Inc | COM | 25402D102 | 23,161,925 | 3.14 | 147500.0 |
| MU | REDUCED | Micron Technology Inc | COM | 595112103 | 20,828,756 | 2.82 | 18100.0 |
| CEVA | REDUCED | Ceva Inc | COM | 157210105 | 17,419,159 | 2.36 | 369363.0 |
| PEGA | REDUCED | Pegasystems Inc | COM | 705573103 | 16,605,778 | 2.25 | 554450.0 |
| RDVT | ADDED | Red Violet Inc | COM | 75704L104 | 16,205,895 | 2.2 | 254250.0 |
| VRNS | REDUCED | Varonis Systems Inc | COM | 922280102 | 15,968,370 | 2.17 | 380834.0 |
| GOOGL | UNCHANGED | Alphabet Inc | COM | 02079K305 | 15,746,346 | 2.14 | 44100.0 |
| ARLO | REDUCED | Arlo Technologies Inc | COM | 04206A101 | 15,290,701 | 2.07 | 1134325.0 |
| AIP | REDUCED | Arteris Inc | COM | 04302A104 | 14,403,704 | 1.95 | 296800.0 |
| RDWR | REDUCED | RADWARE Ltd | COM | M81873107 | 14,083,668 | 1.91 | 456817.0 |
| FROG | REDUCED | JFrog Ltd | COM | M6191J100 | 13,954,624 | 1.89 | 153550.0 |
| VPG | REDUCED | Vishay Precision Group Inc | COM | 92835K103 | 12,534,863 | 1.7 | 83750.0 |
| SMCI | REDUCED | Super Micro Computer Inc | COM | 86800U302 | 12,365,528 | 1.68 | 421600.0 |
| AMZN | UNCHANGED | Amazon.com Inc | COM | 023135106 | 11,766,092 | 1.6 | 49400.0 |
| AMD | REDUCED | Advanced Micro Devices Inc | COM | 007903107 | 10,918,611 | 1.48 | 18820.0 |
| VSH | REDUCED | Vishay Intertechnology Inc | COM | 928298108 | 9,704,141 | 1.32 | 180475.0 |
| MSFT | UNCHANGED | Microsoft Corp | COM | 594918104 | 9,617,466 | 1.3 | 25800.0 |
| DRS | REDUCED | Leonardo DRS Inc | COM | 52661A108 | 9,370,455 | 1.27 | 219500.0 |
| PDFS | REDUCED | PDF Solutions Inc | COM | 693282105 | 8,462,850 | 1.15 | 119667.0 |
| LASR | REDUCED | nLight Inc | COM | 65487K100 | 8,453,970 | 1.15 | 121500.0 |
| POWI | REDUCED | Power Integrations Inc | COM | 739276103 | 8,405,152 | 1.14 | 100384.0 |
| BAND | REDUCED | Bandwidth Inc | COM | 05988J103 | 7,843,000 | 1.06 | 124000.0 |
| FIVN | REDUCED | Five9 Inc | COM | 338307101 | 7,554,395 | 1.02 | 354500.0 |
| DSGX | REDUCED | Descartes Systems Group Inc/The | COM | 249906108 | 7,476,840 | 1.01 | 108000.0 |
| ELVA | REDUCED | Electrovaya Inc | COM | 28617B606 | 7,362,025 | 1.0 | 704500.0 |
| TER | UNCHANGED | Teradyne Inc | COM | 880770102 | 7,248,450 | 0.98 | 15000.0 |
| ALKT | REDUCED | Alkami Technology Inc | COM | 01644J108 | 7,244,000 | 0.98 | 400000.0 |
| OUST | REDUCED | Ouster Inc | COM | 68989M202 | 7,151,670 | 0.97 | 114500.0 |
| APPS | REDUCED | Digital Turbine Inc | COM | 25400W102 | 7,093,741 | 0.96 | 550329.0 |
| AAPL | ADDED | Apple Inc | COM | 037833100 | 7,082,705 | 0.96 | 24500.0 |
| QLYS | REDUCED | Qualys Inc | COM | 74758T303 | 6,523,650 | 0.88 | 47500.0 |
| AVPT | REDUCED | AvePoint Inc | COM | 053604104 | 6,448,553 | 0.87 | 575250.0 |
| VIAV | REDUCED | Viavi Solutions Inc | COM | 925550105 | 6,121,256 | 0.83 | 128167.0 |
| FORM | REDUCED | FormFactor Inc | COM | 346375108 | 6,022,118 | 0.82 | 37650.0 |
| - | Bel Fuse Inc | COM | 077347300 | 5,969,631 | 0.81 | 17950.0 | |
| MRAM | REDUCED | Everspin Technologies Inc | COM | 30041T104 | 5,838,263 | 0.79 | 241750.0 |
| MPTI | REDUCED | M-Tron Industries Inc | COM | 55380K109 | 5,789,745 | 0.79 | 58500.0 |
| FA | REDUCED | First Advantage Corp | COM | 31846B108 | 5,637,500 | 0.76 | 312500.0 |
| PLUS | REDUCED | ePlus Inc | COM | 294268107 | 5,611,275 | 0.76 | 67500.0 |
| KOPN | REDUCED | Kopin Corp | COM | 500600101 | 5,576,325 | 0.76 | 1247500.0 |
| DGII | REDUCED | Digi International Inc | COM | 253798102 | 5,569,620 | 0.76 | 74500.0 |
| VECO | REDUCED | Veeco Instruments Inc | COM | 922417100 | 5,268,100 | 0.71 | 69500.0 |
| QUIK | REDUCED | QuickLogic Corp | COM | 74837P405 | 5,209,080 | 0.71 | 261500.0 |
| CLMB | REDUCED | Climb Global Solutions Inc | COM | 946760105 | 5,126,630 | 0.7 | 221836.0 |
| CTS | REDUCED | CTS Corp | COM | 126501105 | 4,726,275 | 0.64 | 72500.0 |
| SPIR | REDUCED | Spire Global Inc | COM | 848560306 | 4,693,150 | 0.64 | 253000.0 |
| NOVT | UNCHANGED | Novanta Inc | COM | 67000B104 | 4,665,814 | 0.63 | 28780.0 |
| RDCM | UNCHANGED | RADCOM Ltd | COM | M81865111 | 4,566,250 | 0.62 | 325000.0 |
| SILC | REDUCED | Silicom Ltd | COM | M84116108 | 4,524,634 | 0.61 | 95800.0 |
| HLIT | REDUCED | Harmonic Inc | COM | 413160102 | 4,357,440 | 0.59 | 267000.0 |
| POWL | ADDED | Powell Industries Inc | COM | 739128106 | 4,294,050 | 0.58 | 15000.0 |
| FC | UNCHANGED | Franklin Covey Co | COM | 353469109 | 4,289,250 | 0.58 | 175000.0 |
| MLAB | REDUCED | Mesa Laboratories Inc | COM | 59064R109 | 4,225,775 | 0.57 | 42500.0 |
| ALNT | UNCHANGED | Allient Inc | COM | 019330109 | 4,111,200 | 0.56 | 40000.0 |
| HSTM | UNCHANGED | HealthStream Inc | COM | 42222N103 | 4,080,000 | 0.55 | 150000.0 |
| SPSC | UNCHANGED | SPS Commerce Inc | COM | 78463M107 | 3,999,100 | 0.54 | 70000.0 |
| SMWB | UNCHANGED | SimilarWeb Ltd | COM | M84137104 | 3,963,155 | 0.54 | 645465.0 |
| HIMX | REDUCED | Himax Technologies Inc | ADR | 43289P106 | 3,865,680 | 0.52 | 252000.0 |
| SLP | UNCHANGED | Simulations Plus Inc | COM | 829214105 | 3,662,000 | 0.5 | 200000.0 |
| VERX | ADDED | Vertex Inc | COM | 92538J106 | 3,441,000 | 0.47 | 300000.0 |
| CCOI | UNCHANGED | Cogent Communications Holdings Inc | COM | 19239V302 | 3,364,862 | 0.46 | 242600.0 |
| CINT | ADDED | CI&T Inc | COM | G21307106 | 3,260,000 | 0.44 | 1000000.0 |
| ARW | UNCHANGED | Arrow Electronics Inc | COM | 042735100 | 3,243,528 | 0.44 | 15200.0 |
| PATH | ADDED | UiPath Inc | COM | 90364P105 | 3,217,601 | 0.44 | 296280.0 |
| ANET | UNCHANGED | Arista Networks Inc | COM | 040413205 | 3,176,943 | 0.43 | 18700.0 |
| CMRC | ADDED | Commerce.com Inc | COM | 08975P108 | 3,137,600 | 0.43 | 1060000.0 |
| AVT | UNCHANGED | Avnet Inc | COM | 053807103 | 2,930,070 | 0.4 | 33000.0 |
| OOMA | UNCHANGED | Ooma Inc | COM | 683416101 | 2,881,500 | 0.39 | 150000.0 |
| ADTN | UNCHANGED | ADTRAN Holdings Inc | COM | 00486H105 | 2,778,000 | 0.38 | 200000.0 |
| SLAB | REDUCED | Silicon Laboratories Inc | COM | 826919102 | 2,730,875 | 0.37 | 12500.0 |
| BRZE | UNCHANGED | Braze Inc | COM | 10576N102 | 2,710,000 | 0.37 | 125000.0 |
| INTC | UNCHANGED | Intel Corp | COM | 458140100 | 2,650,310 | 0.36 | 19000.0 |
| ZM | UNCHANGED | Zoom Communications Inc | COM | 98980L101 | 2,236,292 | 0.3 | 25910.0 |
| DT | UNCHANGED | Dynatrace Inc | COM | 268150109 | 2,195,000 | 0.3 | 50000.0 |
| - | Tecogen Inc/Waltham MA | COM | 87876P201 | 2,188,200 | 0.3 | 420000.0 | |
| VLN | UNCHANGED | Valens Semiconductor Ltd | COM | M9607U115 | 2,147,000 | 0.29 | 950000.0 |
| FRSH | UNCHANGED | Freshworks Inc | COM | 358054104 | 1,922,800 | 0.26 | 190000.0 |
| RMNI | REDUCED | Rimini Street Inc | COM | 76674Q107 | 1,484,000 | 0.2 | 350000.0 |
| - | Bel Fuse Inc | COM | 077347201 | 1,453,050 | 0.2 | 5000.0 | |
| IDN | REDUCED | Intellicheck Inc | COM | 45817G201 | 1,227,000 | 0.17 | 300000.0 |
| TXN | UNCHANGED | Texas Instruments Inc | COM | 882508104 | 1,221,513 | 0.17 | 4100.0 |
| CHKP | UNCHANGED | Check Point Software Technologies Ltd | COM | 162825103 | 1,207,776 | 0.16 | 9200.0 |
| AVNW | REDUCED | Aviat Networks Inc | COM | 05366Y201 | 1,176,600 | 0.16 | 53000.0 |
| KD | UNCHANGED | Kyndryl Holdings Inc | COM | 50155Q100 | 904,800 | 0.12 | 80000.0 |
| CRGO | UNCHANGED | Freightos Ltd | COM | 514051013 | 735,000 | 0.1 | 500000.0 |
| AWRE | REDUCED | Aware Inc/MA | COM | 05453N100 | 311,297 | 0.04 | 234058.0 |
Quarterly portfolios
| Period | Filed | Value ($) | Positions | Vol % | Beta | Max DD % |
|---|---|---|---|---|---|---|
| 2026-06-30 | 2026-07-23 | 737,304,199 | 92 | 12.794568 | 0.384555 | 24.060692 |
| 2026-03-31 | 2026-05-13 | 717,648,618 | 97 | 12.909016 | 0.358497 | 23.666618 |
| 2025-12-31 | 2026-02-13 | 765,529,812 | 97 | 12.513009 | 0.361707 | 23.835611 |
| 2025-09-30 | 2025-11-07 | 750,745,355 | 94 | 12.92911 | 0.370706 | 24.872949 |
| 2025-03-31 | 2025-05-12 | 533,031,849 | 95 | 11.496918 | 0.353613 | 22.196579 |
| 2024-12-31 | 2025-02-13 | 610,912,330 | 94 | 11.538951 | 0.357405 | 22.838865 |