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Asset Manager ← All Institutions

HERALD INVESTMENT MANAGEMENT Ltd

Q2 2025 · Filed 2025-07-22
Market Value
$652M
+25.0%
Holdings
90
-5
New Purchases
1
Added To
9
Closed
3
Reduced
6
Top 10 Concentration
47.6%
Turnover
4.4%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
CLS 9.35% 6.39% +2.96% $61M
PEGA 5.84% 4.68% +1.16% $38M
ARLO 3.32% 2.42% +0.90% $22M
SMCI 5.67% 4.96% +0.71% $37M
SIMO 4.43% 3.73% +0.70% $29M
FN 6.98% 6.42% +0.56% $46M
LASR 0.78% 0.39% +0.40% $5M
TGEN 0.34% 0.00% +0.34% $2M
SMWB 0.72% 0.48% +0.25% $5M
IDN 0.82% 0.57% +0.25% $5M
APPS 0.54% 0.31% +0.23% $4M
FROG 1.68% 1.53% +0.15% $11M
BASE 0.75% 0.60% +0.14% $5M
AVPT 2.07% 1.94% +0.13% $14M
FARO 0.54% 0.42% +0.12% $4M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
LGTY 0.00% 2.25% -2.25% $0
CCOI 1.53% 2.36% -0.82% $10M
DSGX 2.88% 3.57% -0.69% $19M
VICR 1.60% 2.06% -0.46% $10M
AAPL 0.64% 1.06% -0.42% $4M
INUV 0.00% 0.40% -0.40% $0
HSTM 0.81% 1.17% -0.37% $5M
FC 0.61% 0.92% -0.31% $4M
HLIT 1.14% 1.44% -0.30% $7M
KLIC 1.57% 1.87% -0.30% $10M
CEVA 1.35% 1.59% -0.25% $9M
AKAM 0.00% 0.23% -0.23% $0
SPSC 0.99% 1.21% -0.22% $6M
BIGC 0.48% 0.69% -0.21% $3M
QLYS 1.42% 1.57% -0.15% $9M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 8 $45M 7.0%
Large Cap 15 $209M 32.1%
Mid Cap 21 $193M 29.6%
Small Cap 31 $172M 26.4%
Micro Cap 15 $32M 4.9%

Portfolio Analytics

Avg Market Cap
$204.0B
Median Market Cap
$2.0B
Avg P/E
66.8
Median P/E
43.2
Avg Dividend Yield
0.00%
Avg Beta
1.26
# Stocks
90
# ETFs / Funds
0

Top Holdings (90 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 CLS 9.35% 390,700 $61M $156.13 $28M -32,500 -7.7%
2 FN 6.98% 154,600 $46M $294.42 $12M -14,900 -8.8%
3 PEGA 5.84% 703,600 $38M $54.13 $14M +351,800 +100.0%
4 SMCI 5.67% 754,500 $37M $48.99 $11M
5 SIMO 4.43% 384,906 $29M $74.99 $9M
6 VRNS 3.45% 443,500 $22M $50.71 $5M
7 ARLO 3.32% 1,277,000 $22M $16.95 $9M
8 RDWR 3.04% 675,000 $20M $29.35 $4M -50,000 -6.9%
9 DSGX 2.88% 185,000 $19M $101.57 $161K
10 CYBR 2.64% 42,300 $17M $406.60 $3M
11 DRS 2.14% 300,000 $14M $46.48 $3M -20,000 -6.2%
12 AVPT 2.07% 700,000 $14M $19.31 $3M
13 MSFT 1.85% 24,300 $12M $497.13 $2M -2,445 -9.1%
14 FROG 1.68% 250,000 $11M $43.85 $3M
15 VICR 1.60% 230,000 $10M $45.33 -$324K
16 KLIC 1.57% 296,100 $10M $34.60 $492K
17 AMZN 1.56% 46,400 $10M $219.36 $1M
18 CCOI 1.53% 207,600 $10M $48.21 -$2M +7,000 +3.5%
19 RDVT 1.51% 200,000 $10M $49.20 $2M
20 QLYS 1.42% 65,000 $9M $142.78 $1M
21 GOOGL 1.36% 50,200 $9M $176.19 $1M
22 CEVA 1.35% 400,000 $9M $21.95 $473K +75,000 +23.1%
23 TSEM 1.31% 198,000 $9M $43.28 $2M
24 HLIT 1.14% 785,000 $7M $9.46 -$94K
25 FIVN 1.06% 262,000 $7M $26.44 $1M +51,400 +24.4%
26 SPSC 0.99% 47,500 $6M $136.09 $161K
27 FA 0.89% 347,873 $6M $16.61 $2M +47,873 +16.0%
28 ALKT 0.83% 180,000 $5M $30.14 $1M +30,000 +20.0%
29 IDN 0.82% 1,000,000 $5M $5.35 $2M
30 HSTM 0.81% 190,000 $5M $27.64 -$861K
31 LASR 0.78% 260,000 $5M $19.65 $3M
32 AVDX 0.75% 500,000 $5M $9.79 $655K
33 BASE 0.75% 200,000 $5M $24.38 $2M
34 CLMB 0.74% 45,000 $5M $107.00 $406K +5,000 +12.5%
35 SMWB 0.72% 600,000 $5M $7.85 $2M +300,000 +100.0%
36 QUIK 0.69% 730,379 $4M $6.12 $738K
37 MU 0.68% 36,000 $4M $123.18 $1M
38 AMD 0.67% 30,920 $4M $141.89 $1M
39 PDFS 0.65% 200,000 $4M $21.34 $446K
40 MRAM 0.65% 675,000 $4M $6.28 $1M +75,000 +12.5%
41 VPG 0.65% 150,000 $4M $28.08 $602K
42 AAPL 0.64% 20,400 $4M $205.05 -$1M -4,600 -18.4%
43 FORM 0.62% 118,300 $4M $34.36 $718K
44 VECO 0.62% 200,000 $4M $20.32 $54K
45 FC 0.61% 175,000 $4M $22.81 -$822K
46 VERX 0.60% 110,000 $4M $35.33 $40K
47 AVNW 0.57% 155,000 $4M $24.03 $753K
48 RDCM 0.57% 275,000 $4M $13.47 $561K
49 RBBN 0.56% 912,869 $4M $4.01 $82K
50 APPS 0.54% 600,000 $4M $5.89 $2M
51 FARO 0.54% 80,000 $4M $43.92 $1M
52 OOMA 0.51% 260,000 $3M $12.90 -$49K
53 NABL 0.51% 413,000 $3M $8.09 $413K
54 BAND 0.51% 210,000 $3M $15.90 $590K
55 OSPN 0.51% 200,000 $3M $16.66 $282K
56 RMNI 0.49% 850,000 $3M $3.77 $246K
57 BIGC 0.48% 625,000 $3M $5.00 -$475K
58 BELFB 0.45% 30,000 $3M $97.69 $692K
59 AIP 0.44% 300,000 $3M $9.53 $789K
60 KD 0.43% 67,000 $3M $41.96 $710K
61 DGII 0.43% 80,000 $3M $34.85 $562K
62 DT 0.42% 50,000 $3M $55.17 $402K
63 LTRX 0.39% 900,000 $3M $2.86 $342K
64 VLN 0.38% 950,000 $2M $2.62 $551K
65 KOPN 0.36% 1,535,000 $2M $1.52 $903K
66 ANET 0.36% 22,700 $2M $102.33 $565K
67 TGEN 0.34% 321,078 $2M $6.83 +321,078 NEW
68 POWI 0.33% 38,000 $2M $55.87 $206K
69 PATH 0.32% 161,280 $2M $12.79 $403K
70 HIMX 0.31% 230,000 $2M $8.93 $363K
71 CKP 0.31% 9,200 $2M $221.20 -$62K
72 ZM 0.31% 25,910 $2M $77.95 $109K
73 ARW 0.30% 15,200 $2M $127.47 $360K
74 SILC 0.29% 125,000 $2M $15.25 $78K
75 TER 0.28% 20,600 $2M $89.90 $150K
76 FORR 0.23% 150,000 $1M $9.89 $98K
77 MPTI 0.22% 35,000 $1M $41.68 -$71K
78 FRSH 0.21% 90,000 $1M $14.90 $73K
79 GNSS 0.20% 750,000 $1M $1.73 -$405K
80 MLAB 0.18% 12,500 $1M $94.20 -$306K
81 ISDR 0.16% 90,000 $1M $11.80 $267K
82 TXN 0.13% 4,100 $851K $207.51 $114K
83 AWRE 0.12% 430,000 $808K $1.88 $129K
84 CDNS 0.12% 2,500 $770K $307.96 $134K
85 TTEC 0.10% 140,000 $673K $4.81 $213K
86 BELFA 0.10% 7,500 $670K $89.31 $129K
87 INTC 0.07% 19,000 $425K $22.38 -$6K
88 AKAM —% -$1M -15,200 -100.0% SOLD
89 LGTY —% -$12M -823,655 -100.0% SOLD
90 INUV —% -$2M -5,775,000 -100.0% SOLD

New Positions

SymbolValue% Port
TGEN $2M 0.34%

Sold Out Positions

SymbolValue% Port
AKAM —%
INUV —%
LGTY —%
View SEC EDGAR Filings for HERALD INVESTMENT MANAGEMENT Ltd →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms