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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
-1.34%
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
$470M
AUM Growth
-$44.5M
Cap. Flow
-$18.9M
Cap. Flow %
-4.02%
Top 10 Hldgs %
44.55%
Holding
105
New
5
Increased
14
Reduced
6
Closed
4

Top Buys

Rank Stock Value
1
ESMT
EngageSmart, Inc.
ESMT
+$3.57M
2
AVDX
AvidXchange
AVDX
+$2.41M
3
GNSS icon
Genasys
GNSS
+$2.23M
4
CINT icon
CI&T Inc
CINT
+$2.08M
5
EMKR
Emcore Corp
EMKR
+$1.3M

Top Sells

Rank Stock Value
1
SMCI icon
Super Micro Computer
SMCI
+$25M
2
ABST
Absolute Software Corp
ABST
+$5.72M
3
FORG
ForgeRock, Inc.
FORG
+$3.59M
4
DSGX icon
Descartes Systems
DSGX
+$1.51M
5
SPSC icon
SPS Commerce
SPSC
+$1.31M

Sector Composition

Rank Sector Weight
1 Technology 86.23%
2 Communication Services 4.91%
3 Industrials 4.7%
4 Consumer Discretionary 1.29%
5 Healthcare 1%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FROG icon
26
JFrog
FROG
$10.7B
$4.81M 1.02%
190,000
+15,000
+9% +$416K
NABL icon
27
N-able
NABL
$605M
$4.68M 0.99%
363,000
– –
RBBN icon
28
Ribbon Communications
RBBN
$367M
$3.78M 0.8%
1,415,869
– –
HSTM icon
29
HealthStream
HSTM
$859M
$3.78M 0.8%
175,000
– –
LTRX icon
30
Lantronix
LTRX
$256M
$3.75M 0.8%
850,000
– –
TTEC icon
31
TTEC Holdings
TTEC
$113M
$3.67M 0.78%
140,000
– –
ESMT
32
DELISTED
EngageSmart, Inc.
ESMT
$3.6M 0.76%
+200,000
New +$3.57M
FORM icon
33
FormFactor
FORM
$8.79B
$3.58M 0.76%
102,600
– –
VERX icon
34
Vertex
VERX
$1.97B
$3.46M 0.74%
150,000
– –
QUIK icon
35
QuickLogic
QUIK
$244M
$3.44M 0.73%
407,279
– –
AVNW icon
36
Aviat Networks
AVNW
$270M
$3.43M 0.73%
110,000
– –
FIVN icon
37
FIVE9
FIVN
$2.58B
$3.42M 0.73%
53,200
– –
ANET icon
38
Arista Networks
ANET
$242B
$3.38M 0.72%
73,600
– –
OOMA icon
39
Ooma
OOMA
$593M
$3.37M 0.72%
260,000
+34,600
+15% +$489K
YELP icon
40
Yelp
YELP
$1.35B
$3.33M 0.71%
80,000
– –
ADTN icon
41
Adtran
ADTN
$622M
$3.29M 0.7%
400,000
+100,000
+33% +$889K
SILC icon
42
Silicom
SILC
$240M
$3.23M 0.69%
125,000
– –
FA icon
43
First Advantage
FA
$4.05B
$3.1M 0.66%
225,000
+50,000
+29% +$726K
LGTY
44
DELISTED
Logility Supply Chain Solutions, Inc. Common Stock
LGTY
$3.09M 0.66%
270,000
+50,000
+23% +$555K
POWI icon
45
Power Integrations
POWI
$3.46B
$2.9M 0.62%
38,000
– –
AVPT icon
46
AvePoint
AVPT
$2.75B
$2.85M 0.61%
425,000
+71,993
+20% +$454K
ALKT icon
47
Alkami Technology
ALKT
$2.1B
$2.73M 0.58%
150,000
– –
MRAM icon
48
Everspin Technologies
MRAM
$388M
$2.7M 0.57%
275,000
– –
VLN icon
49
Valens Semiconductor
VLN
$181M
$2.66M 0.56%
998,963
+137,826
+16% +$346K
BASE
50
DELISTED
Couchbase
BASE
$2.57M 0.55%
150,000
– –
1
2
3 4 5

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GIC
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Herald Investment Management's Q3 2023 Portfolio in Review

As of Q3 2023, Herald Investment Management held 105 positions worth $470M, down 8.6% from $515M the previous quarter. Its ten largest holdings account for 45% of the portfolio.

Herald Investment Management withdrew a net $18.9M in Q3 2023, closing 4 positions and reducing 6 holdings. Its most notable exit was Absolute Software Corp, an estimated $5.72M position sold in full.

By sector, the portfolio is most concentrated in Technology at 86% of assets, down from 87% a quarter earlier, followed by Communication Services and Industrials.

Against the trend, Herald Investment Management opened a new position in EngageSmart, Inc. worth $3.6M.

  • Herald Investment Management's largest Q3 2023 buy was EngageSmart, Inc.: 200,000 shares worth $3.6M.
  • Herald Investment Management added most to Cogent Communications in Q3 2023, an estimated $981K increase.
  • Herald Investment Management's biggest Q3 2023 reduction was Super Micro Computer, cutting an estimated $25M.
  • Herald Investment Management fully exited Absolute Software Corp in Q3 2023, selling an estimated $5.72M.
  • Herald Investment Management's ten largest holdings make up 45% of its $470M portfolio in Q3 2023.
  • Herald Investment Management opened 5 new positions and closed 4 in Q3 2023.
  • Herald Investment Management's portfolio value fell 8.6% quarter-over-quarter to $470M.

Based on Herald Investment Management's 13F filing for Q3 2023, filed 13 Nov 2023.