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Asset Manager ← All Institutions

HERALD INVESTMENT MANAGEMENT Ltd

Q3 2025 · Filed 2025-11-07
Market Value
$726M
+11.3%
Holdings
92
+2
New Purchases
5
Added To
20
Closed
5
Reduced
6
Top 10 Concentration
47.3%
Turnover
10.9%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
CLS 11.36% 9.35% +2.01% $82M
TSEM 1.97% 1.31% +0.66% $14M
WK 0.59% 0.00% +0.59% $4M
SIMO 5.01% 4.43% +0.59% $36M
CTS 0.55% 0.00% +0.55% $4M
ALKT 1.37% 0.83% +0.54% $10M
SLAB 0.50% 0.00% +0.50% $4M
SLP 0.42% 0.00% +0.42% $3M
MRAM 1.02% 0.65% +0.37% $7M
NOVT 0.34% 0.00% +0.34% $3M
FN 7.32% 6.98% +0.34% $53M
GOOGL 1.68% 1.36% +0.32% $12M
KOPN 0.67% 0.36% +0.31% $5M
CEVA 1.64% 1.35% +0.29% $12M
MLAB 0.46% 0.18% +0.28% $3M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
CYBR 0.00% 2.64% -2.64% $0
SMCI 4.75% 5.67% -0.92% $34M
BASE 0.00% 0.75% -0.75% $0
AVPT 1.45% 2.07% -0.63% $10M
RDWR 2.46% 3.04% -0.58% $18M
FARO 0.00% 0.54% -0.54% $0
DSGX 2.40% 2.88% -0.48% $17M
DRS 1.78% 2.14% -0.36% $13M
ARLO 2.98% 3.32% -0.34% $22M
PEGA 5.57% 5.84% -0.27% $40M
CCOI 1.28% 1.53% -0.25% $9M
QLYS 1.18% 1.42% -0.24% $9M
SPSC 0.79% 0.99% -0.20% $6M
AMZN 1.40% 1.56% -0.16% $10M
KD 0.28% 0.43% -0.15% $2M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 8 $53M 7.2%
Large Cap 14 $227M 31.2%
Mid Cap 24 $222M 30.6%
Small Cap 32 $190M 26.1%
Micro Cap 14 $35M 4.8%

Portfolio Analytics

Avg Market Cap
$199.5B
Median Market Cap
$2.0B
Avg P/E
70.1
Median P/E
44.0
Avg Dividend Yield
0.00%
Avg Beta
1.27
# Stocks
92
# ETFs / Funds
0

Top Holdings (92 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 CLS 11.36% 335,000 $82M $246.23 $21M -55,700 -14.3%
2 FN 7.32% 145,600 $53M $365.06 $8M -9,000 -5.8%
3 PEGA 5.57% 703,600 $40M $57.48 $2M
4 SIMO 5.01% 384,906 $36M $94.56 $8M
5 SMCI 4.75% 719,500 $34M $47.93 -$2M -35,000 -4.6%
6 VRNS 3.51% 443,500 $25M $57.47 $3M
7 ARLO 2.98% 1,277,000 $22M $16.95
8 RDWR 2.46% 675,000 $18M $26.47 -$2M
9 DSGX 2.40% 185,000 $17M $94.17 -$1M
10 TSEM 1.97% 198,000 $14M $72.29 $6M
11 DRS 1.78% 285,000 $13M $45.40 -$1M -15,000 -5.0%
12 MSFT 1.73% 24,300 $13M $517.94 $506K
13 VICR 1.71% 250,000 $12M $49.63 $2M +20,000 +8.7%
14 GOOGL 1.68% 50,200 $12M $243.06 $3M
15 KLIC 1.66% 296,100 $12M $40.64 $2M
16 CEVA 1.64% 450,000 $12M $26.41 $3M +50,000 +12.5%
17 FROG 1.63% 250,000 $12M $47.29 $860K
18 AVPT 1.45% 700,000 $10M $15.00 -$3M
19 RDVT 1.44% 200,000 $10M $52.26 $612K
20 AMZN 1.40% 46,400 $10M $219.53 $8K
21 ALKT 1.37% 400,000 $10M $24.84 $5M +220,000 +122.2%
22 CCOI 1.28% 242,600 $9M $38.35 -$705K +35,000 +16.9%
23 QLYS 1.18% 65,000 $9M $132.37 -$677K
24 HLIT 1.10% 785,000 $8M $10.19 $573K
25 MRAM 1.02% 800,000 $7M $9.27 $3M +125,000 +18.5%
26 LASR 1.02% 250,000 $7M $29.63 $2M -10,000 -3.9%
27 FIVN 0.94% 282,000 $7M $24.21 -$100K +20,000 +7.6%
28 CLMB 0.93% 50,000 $7M $134.82 $2M +5,000 +11.1%
29 VECO 0.84% 200,000 $6M $30.44 $2M
30 MU 0.83% 36,000 $6M $167.32 $2M
31 SPSC 0.79% 55,000 $6M $104.11 -$738K +7,500 +15.8%
32 FA 0.77% 365,000 $6M $15.39 -$161K +17,127 +4.9%
33 SMWB 0.77% 600,000 $6M $9.30 $870K
34 HSTM 0.74% 190,000 $5M $28.24 $114K
35 AAPL 0.72% 20,400 $5M $254.53 $1M
36 PDFS 0.71% 200,000 $5M $25.82 $896K
37 IDN 0.71% 1,000,000 $5M $5.16 -$190K
38 AMD 0.69% 30,920 $5M $161.75 $614K
39 AVDX 0.69% 500,000 $5M $9.95 $80K
40 VERX 0.68% 200,000 $5M $24.79 $1M +90,000 +81.8%
41 KOPN 0.67% 2,000,000 $5M $2.43 $3M +465,000 +30.3%
42 VPG 0.66% 150,000 $5M $31.98 $585K
43 QUIK 0.61% 730,379 $4M $6.05 -$51K
44 FORM 0.59% 118,300 $4M $36.42 $244K
45 WK 0.59% 50,000 $4M $86.05 +50,000 NEW
46 RDCM 0.59% 300,000 $4M $14.24 $568K +25,000 +9.1%
47 BELFB 0.58% 30,000 $4M $141.02 $1M
48 AIP 0.56% 400,000 $4M $10.09 $1M +100,000 +33.3%
49 CTS 0.55% 100,000 $4M $39.94 +100,000 NEW
50 RMNI 0.55% 850,000 $4M $4.68 $774K
51 TGEN 0.54% 446,078 $4M $8.74 $2M +125,000 +38.9%
52 APPS 0.53% 600,000 $4M $6.40 $306K
53 DGII 0.50% 100,000 $4M $36.46 $858K +20,000 +25.0%
54 SLAB 0.50% 27,500 $4M $131.13 +27,500 NEW
55 AVNW 0.49% 155,000 $4M $22.93 -$170K
56 HIMX 0.49% 400,000 $4M $8.82 $1M +170,000 +73.9%
57 BAND 0.48% 210,000 $4M $16.67 $162K
58 BIGC 0.48% 700,000 $3M $4.99 $368K +75,000 +12.0%
59 RBBN 0.48% 912,869 $3M $3.80 -$192K
60 FC 0.47% 175,000 $3M $19.41 -$595K
61 MLAB 0.46% 50,000 $3M $66.81 $2M +37,500 +300.0%
62 ANET 0.46% 22,700 $3M $145.71 $985K
63 NABL 0.44% 413,000 $3M $7.79 -$124K
64 OSPN 0.44% 200,000 $3M $15.89 -$154K
65 OOMA 0.43% 260,000 $3M $11.99 -$237K
66 MPTI 0.42% 55,000 $3M $55.19 $2M +20,000 +57.1%
67 SLP 0.42% 200,000 $3M $15.08 +200,000 NEW
68 TER 0.39% 20,600 $3M $137.60 $983K
69 NOVT 0.34% 25,000 $3M $100.11 +25,000 NEW
70 DT 0.33% 50,000 $2M $48.45 -$336K
71 FRSH 0.31% 190,000 $2M $11.75 $892K +100,000 +111.1%
72 SILC 0.30% 125,000 $2M $17.69 $305K
73 PATH 0.30% 161,280 $2M $13.38 $95K
74 ZM 0.29% 25,910 $2M $82.48 $117K
75 KD 0.28% 67,000 $2M $30.02 -$800K
76 CKP 0.26% 9,200 $2M $206.91 -$131K
77 ARW 0.25% 15,200 $2M $120.90 -$100K
78 LTRX 0.25% 400,000 $2M $4.56 -$750K -500,000 -55.6%
79 GNSS 0.25% 750,000 $2M $2.43 $525K
80 VLN 0.23% 950,000 $2M $1.79 -$788K
81 FORR 0.22% 150,000 $2M $10.59 $105K
82 POWI 0.21% 38,000 $2M $40.18 -$596K
83 AWRE 0.14% 430,000 $1M $2.35 $202K
84 ISDR 0.13% 90,000 $956K $10.62 -$106K
85 BELFA 0.12% 7,500 $872K $116.29 $202K
86 TXN 0.10% 4,100 $753K $183.68 -$98K
87 INTC 0.09% 19,000 $637K $33.54 $212K
88 CDNS —% -$770K -2,500 -100.0% SOLD
89 TTEC —% -$673K -140,000 -100.0% SOLD
90 FARO —% -$4M -80,000 -100.0% SOLD
91 CYBR —% -$17M -42,300 -100.0% SOLD
92 BASE —% -$5M -200,000 -100.0% SOLD

New Positions

SymbolValue% Port
WK $4M 0.59%
CTS $4M 0.55%
SLAB $4M 0.50%
SLP $3M 0.42%
NOVT $3M 0.34%

Sold Out Positions

SymbolValue% Port
CDNS —%
TTEC —%
FARO —%
CYBR —%
BASE —%
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