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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
+15.67%
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
$751M
AUM Growth
+$76.5M
Cap. Flow
-$2.74M
Cap. Flow %
-0.37%
Top 10 Hldgs %
45.78%
Holding
99
New
5
Increased
20
Reduced
8
Closed
5

Top Buys

Rank Stock Value
1
ALKT icon
Alkami Technology
ALKT
+$5.62M
2
CTS icon
CTS Corp
CTS
+$4.15M
3
WK icon
Workiva
WK
+$3.76M
4
SLAB icon
Silicon Laboratories
SLAB
+$3.75M
5
NOVT icon
Novanta
NOVT
+$2.98M

Top Sells

Rank Stock Value
1
CYBR
CyberArk
CYBR
+$17.2M
2
CLS icon
Celestica
CLS
+$11.2M
3
BASE
Couchbase
BASE
+$4.88M
4
FARO
Faro Technologies
FARO
+$3.51M
5
FN icon
Fabrinet
FN
+$2.96M

Sector Composition

Rank Sector Weight
1 Technology 85.38%
2 Industrials 7.77%
3 Communication Services 3.7%
4 Consumer Discretionary 1.36%
5 Healthcare 1.12%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MRAM icon
26
Everspin Technologies
MRAM
$388M
$7.42M 0.99%
800,000
+125,000
+19% +$849K
LASR icon
27
nLIGHT
LASR
$2.88B
$7.41M 0.99%
250,000
-10,000
-4% -$248K
FIVN icon
28
FIVE9
FIVN
$2.58B
$6.83M 0.91%
282,000
+20,000
+8% +$529K
CLMB icon
29
Climb Global Solutions
CLMB
$506M
$6.74M 0.9%
200,000
+20,000
+11% +$593K
VECO icon
30
Veeco
VECO
$3.02B
$6.09M 0.81%
200,000
– –
MU icon
31
Micron Technology
MU
$972B
$6.02M 0.8%
36,000
– –
SPSC icon
32
SPS Commerce
SPSC
$2.69B
$5.73M 0.76%
55,000
+7,500
+16% +$893K
FA icon
33
First Advantage
FA
$4.05B
$5.62M 0.75%
365,000
+17,127
+5% +$284K
SMWB icon
34
Similarweb
SMWB
$650M
$5.58M 0.74%
600,000
– –
HSTM icon
35
HealthStream
HSTM
$859M
$5.37M 0.71%
190,000
– –
AAPL icon
36
Apple
AAPL
$4.5T
$5.19M 0.69%
20,400
– –
PDFS icon
37
PDF Solutions
PDFS
$1.99B
$5.16M 0.69%
200,000
– –
IDN icon
38
Intellicheck
IDN
$76.1M
$5.16M 0.69%
1,000,000
– –
OUST icon
39
Ouster
OUST
$2.84B
$5.13M 0.68%
190,000
-10,000
-5% -$279K
AMD icon
40
Advanced Micro Devices
AMD
$767B
$5M 0.67%
30,920
– –
AVDX
41
DELISTED
AvidXchange
AVDX
$4.97M 0.66%
500,000
– –
VERX icon
42
Vertex
VERX
$1.97B
$4.96M 0.66%
200,000
+90,000
+82% +$2.61M
KOPN icon
43
Kopin
KOPN
$780M
$4.86M 0.65%
2,000,000
+465,000
+30% +$949K
VPG icon
44
Vishay Precision Group
VPG
$864M
$4.8M 0.64%
150,000
– –
QUIK icon
45
QuickLogic
QUIK
$244M
$4.42M 0.59%
730,379
– –
FORM icon
46
FormFactor
FORM
$8.79B
$4.31M 0.57%
118,300
– –
WK icon
47
Workiva
WK
$3.66B
$4.3M 0.57%
+50,000
New +$3.76M
RDCM icon
48
Radcom
RDCM
$169M
$4.27M 0.57%
300,000
+25,000
+9% +$341K
SPIR icon
49
Spire Global
SPIR
$543M
$4.24M 0.56%
386,249
– –
BELFB
50
Bel Fuse Inc Class B
BELFB
$4.1B
$4.23M 0.56%
30,000
– –
1
2
3 4

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SI
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HCP
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GFI
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KAM
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GIC
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Herald Investment Management's Q3 2025 Portfolio in Review

As of Q3 2025, Herald Investment Management held 99 positions worth $751M, up 11% from $674M the previous quarter. Its ten largest holdings account for 46% of the portfolio.

Herald Investment Management's Q3 2025 filing shows 5 new, 20 increased, 8 reduced and 5 closed positions. Its largest new stake was CTS Corp: 100,000 shares worth $3.99M. The largest sale was CyberArk, an estimated $17.2M.

By sector, the portfolio is most concentrated in Technology at 85% of assets, up from 85% a quarter earlier, followed by Industrials and Communication Services.

  • Herald Investment Management's largest Q3 2025 buy was CTS Corp: 100,000 shares worth $3.99M.
  • Herald Investment Management added most to Alkami Technology in Q3 2025, an estimated $5.62M increase.
  • Herald Investment Management's biggest Q3 2025 reduction was Celestica, cutting an estimated $11.2M.
  • Herald Investment Management fully exited CyberArk in Q3 2025, selling an estimated $17.2M.
  • Herald Investment Management's ten largest holdings make up 46% of its $751M portfolio in Q3 2025.
  • Herald Investment Management opened 5 new positions and closed 5 in Q3 2025.
  • Herald Investment Management's portfolio value rose 11% quarter-over-quarter to $751M.

Based on Herald Investment Management's 13F filing for Q3 2025, filed 7 Nov 2025.