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HIM

Herald Investment Management Portfolio holdings

AUM $737M
1-Year Est. Return 158.15%
This Fund
S&P 500
This Quarter Est. Return
-0.74%
1 Year Est. Return
+158.15%
3 Year Est. Return
+492.71%
5 Year Est. Return
+678.49%
10 Year Est. Return
+5,574.93%
AUM
$231M
AUM Growth
-$38.5M
Cap. Flow
-$27.9M
Cap. Flow %
-12.08%
Top 10 Hldgs %
44.65%
Holding
87
New
6
Increased
4
Reduced
7
Closed
6

Top Buys

Rank Stock Value
1
ASUR icon
Asure Software
ASUR
+$625K
2
ULTI
Ultimate Software Group Inc
ULTI
+$601K
3
VRNS icon
Varonis Systems
VRNS
+$571K
4
NPTN
NEOPHOTONICS CORP
NPTN
+$533K
5
CTXS
Citrix Systems Inc
CTXS
+$512K

Top Sells

Rank Stock Value
1
AVG
AVG Technologies N.V.
AVG
+$7.51M
2
CAVM
Cavium, Inc.
CAVM
+$5.82M
3
EPIQ
EPIQ SYSTEMS INC
EPIQ
+$4.95M
4
APIC
Apigee Corporation Common Stock
APIC
+$4.74M
5
SIMO icon
Silicon Motion
SIMO
+$2.28M

Sector Composition

Rank Sector Weight
1 Technology 75.97%
2 Industrials 5.37%
3 Communication Services 2.15%
4 Consumer Discretionary 1.66%
5 Consumer Staples 1%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
OSPN icon
26
OneSpan
OSPN
$618M
$2.72M 1.18%
200,000
– –
HYGS
27
DELISTED
Hydrogenics Corp
HYGS
$2.62M 1.13%
610,000
– –
KRNT icon
28
Kornit Digital
KRNT
$791M
$2.53M 1.09%
200,000
– –
DL
29
DELISTED
China Distance Education Holdings Limited
DL
$2.31M 1%
206,473
– –
VRNS icon
30
Varonis Systems
VRNS
$5B
$2.27M 0.98%
255,000
+60,000
+31% +$571K
WATT icon
31
Energous
WATT
$102M
$2.11M 0.91%
208
– –
SILC icon
32
Silicom
SILC
$242M
$2.05M 0.89%
50,000
– –
AAPL icon
33
Apple
AAPL
$4.57T
$2.04M 0.88%
70,540
– –
RSYS
34
DELISTED
Radisys Corp
RSYS
$2.01M 0.87%
455,500
+100,000
+28% +$457K
IMPV
35
DELISTED
Imperva, Inc.
IMPV
$1.92M 0.83%
50,000
– –
BITA
36
DELISTED
Bitauto Holdings Limited
BITA
$1.89M 0.82%
100,000
– –
LPSN icon
37
LivePerson
LPSN
$32.3M
$1.89M 0.82%
16,667
– –
ATTU
38
DELISTED
Attunity Ltd
ATTU
$1.75M 0.76%
294,200
– –
ZPIN
39
DELISTED
Zhaopin Limited
ZPIN
$1.74M 0.75%
115,000
– –
EPAY
40
DELISTED
Bottomline Technologies Inc
EPAY
$1.68M 0.72%
67,000
– –
RNG icon
41
RingCentral
RNG
$5.28B
$1.54M 0.67%
75,000
-25,000
-25% -$547K
NPTN
42
DELISTED
NEOPHOTONICS CORP
NPTN
$1.51M 0.65%
140,000
+40,000
+40% +$533K
AMZN icon
43
Amazon
AMZN
$2.96T
$1.5M 0.65%
40,000
– –
SFE
44
DELISTED
Safeguard Scientifics, Inc.
SFE
$1.49M 0.65%
111,000
+5,000
+5% +$61.7K
GUID
45
DELISTED
Guidance Software, Inc.
GUID
$1.41M 0.61%
200,000
– –
IMOS
46
ChipMOS TECHNOLOGIES
IMOS
$1.83B
$1.39M 0.6%
83,395
-11,896
-12% -$228K
INTC icon
47
Intel
INTC
$513B
$1.38M 0.6%
38,000
– –
MSFT icon
48
Microsoft
MSFT
$3.71T
$1.3M 0.56%
21,000
– –
GOOGL icon
49
Alphabet (Google) Class A
GOOGL
$4.33T
$1.28M 0.56%
32,400
– –
CKP
50
DELISTED
CHECKPOINT SYSTEMS INC
CKP
$1.25M 0.54%
14,750
– –
1
2
3 4

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KAM
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Herald Investment Management's Q4 2016 Portfolio in Review

As of Q4 2016, Herald Investment Management held 87 positions worth $231M, down 14% from $270M the previous quarter. Its ten largest holdings account for 45% of the portfolio.

Herald Investment Management withdrew a net $27.9M in Q4 2016, closing 6 positions and reducing 7 holdings. Its most notable exit was AVG Technologies N.V., an estimated $7.51M position sold in full.

By sector, the portfolio is most concentrated in Technology at 76% of assets, up from 75% a quarter earlier, followed by Industrials and Communication Services.

Against the trend, Herald Investment Management opened a new position in Asure Software worth $680K.

  • Herald Investment Management's largest Q4 2016 buy was Asure Software: 80,000 shares worth $680K.
  • Herald Investment Management added most to Varonis Systems in Q4 2016, an estimated $571K increase.
  • Herald Investment Management's biggest Q4 2016 reduction was Silicon Motion, cutting an estimated $2.28M.
  • Herald Investment Management fully exited AVG Technologies N.V. in Q4 2016, selling an estimated $7.51M.
  • Herald Investment Management's ten largest holdings make up 45% of its $231M portfolio in Q4 2016.
  • Herald Investment Management opened 6 new positions and closed 6 in Q4 2016.
  • Herald Investment Management's portfolio value fell 14% quarter-over-quarter to $231M.

Based on Herald Investment Management's 13F filing for Q4 2016, filed 13 Feb 2017.