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HIM

Herald Investment Management Portfolio holdings

AUM $737M Turnover 5.15%
1-Year Est. Return 158.15%
This Fund
S&P 500
This Quarter Est. Return
+84.62%
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
$737M
AUM Growth
+$19.7M
Cap. Flow
-$354M
Cap. Flow %
-48.05%
Top 10 Hldgs %
35.17%
Holding
97
New
–
Increased
7
Reduced
54
Closed
5
Avg Time Held
5.5 years
Top 10 Avg Time Held
3.4 years
Top 20 Avg Time Held
3.8 years

Top Buys

Rank Stock Value
1
RDVT icon
Red Violet
RDVT
+$3.03M
2
CINT icon
CI&T Inc
CINT
+$1.91M
3
VERX icon
Vertex
VERX
+$1.25M
4
CMRC icon
Commerce.com Inc Series 1
CMRC
+$1.03M
5
PATH icon
UiPath
PATH
+$1M

Top Sells

Rank Stock Value
1
SIMO icon
Silicon Motion
SIMO
+$51M
2
CLS icon
Celestica
CLS
+$47.6M
3
VICR icon
Vicor
VICR
+$39M
4
FN icon
Fabrinet
FN
+$37.7M
5
TSEM icon
Tower Semiconductor
TSEM
+$16.1M

Sector Composition

Rank Sector Weight
1 Technology 86.84%
2 Industrials 6.62%
3 Communication Services 3.21%
4 Consumer Discretionary 1.6%
5 Healthcare 1.05%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
CTS icon
51
CTS Corp
CTS
$1.58B
$4.73M 0.64%
72,500
-27,500
-28% -$1.65M
2025 Q3
3 quarters
SPIR icon
52
Spire Global
SPIR
$364M
$4.69M 0.64%
253,000
-87,000
-26% -$1.62M
2024 Q1
9 quarters
NOVT icon
53
Novanta
NOVT
$5.1B
$4.67M 0.63%
28,780
– –
2025 Q3
3 quarters
RDCM icon
54
Radcom
RDCM
$171M
$4.57M 0.62%
325,000
– –
2018 Q1
33 quarters
SILC icon
55
Silicom
SILC
$251M
$4.52M 0.61%
95,800
-27,500
-22% -$1.05M
2013 Q2
52 quarters
HLIT icon
56
Harmonic Inc
HLIT
$1.15B
$4.36M 0.59%
267,000
-518,000
-66% -$6.61M
2018 Q1
33 quarters
POWL icon
57
Powell Industries
POWL
$6.22B
$4.29M 0.58%
15,000
– –
2025 Q4
2 quarters
FC icon
58
Franklin Covey
FC
$205M
$4.29M 0.58%
175,000
– –
2023 Q4
10 quarters
MLAB icon
59
Mesa Laboratories
MLAB
$715M
$4.23M 0.57%
42,500
-7,500
-15% -$755K
2024 Q4
6 quarters
ALNT icon
60
Allient
ALNT
$1.65B
$4.11M 0.56%
40,000
– –
2025 Q4
2 quarters
HSTM icon
61
HealthStream
HSTM
$1.03B
$4.08M 0.55%
150,000
– –
2021 Q3
19 quarters
SPSC icon
62
SPS Commerce
SPSC
$3.13B
$4M 0.54%
70,000
– –
2013 Q2
52 quarters
SMWB icon
63
Similarweb
SMWB
$776M
$3.96M 0.54%
645,465
– –
2025 Q1
5 quarters
HIMX icon
64
Himax Technologies
HIMX
$2.11B
$3.87M 0.52%
252,000
-148,000
-37% -$2.3M
2025 Q1
5 quarters
SLP icon
65
DELISTED
Simulations Plus
SLP
$3.66M 0.5%
200,000
– –
2025 Q3
3 quarters
VERX icon
66
Vertex
VERX
$2.22B
$3.44M 0.47%
300,000
+100,000
+50% +$1.25M
2021 Q3
19 quarters
CCOI icon
67
Cogent Communications
CCOI
$428M
$3.36M 0.46%
242,600
– –
2021 Q1
21 quarters
CINT icon
68
CI&T Inc
CINT
$388M
$3.26M 0.44%
1,000,000
+475,000
+90% +$1.91M
2023 Q3
11 quarters
ARW icon
69
Arrow Electronics
ARW
$11.2B
$3.24M 0.44%
15,200
– –
2019 Q4
26 quarters
PATH icon
70
UiPath
PATH
$7.15B
$3.22M 0.44%
296,280
+94,000
+46% +$1M
2024 Q1
9 quarters
ANET icon
71
Arista Networks
ANET
$234B
$3.18M 0.43%
18,700
– –
2020 Q2
24 quarters
CMRC icon
72
Commerce.com Inc Series 1
CMRC
$295M
$3.14M 0.43%
1,060,000
+360,000
+51% +$1.03M
2024 Q1
9 quarters
AVT icon
73
Avnet
AVT
$7.64B
$2.93M 0.4%
33,000
– –
2026 Q1
1 quarter
OOMA icon
74
Ooma
OOMA
$565M
$2.88M 0.39%
150,000
– –
2020 Q1
25 quarters
ADTN icon
75
Adtran
ADTN
$532M
$2.78M 0.38%
200,000
– –
2022 Q3
15 quarters
1 2
3
4

Similar funds

GIC
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BIM
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EFG
Everest Financial Group Minneapolis, Minnesota $738M AUM
KCP
Kingsway Capital Partners London $736M AUM
WI
Walmart Inc Bentonville, Arkansas $736M AUM 12.95% 1-Year Est. Return
ECM
Estabrook Capital Management New York $739M AUM 31.19% 1-Year Est. Return
GFG
GR Financial Group Tucson, Arizona $736M AUM 21.3% 1-Year Est. Return
SBFM
S-Bank Fund Management Helsinki, Finland $736M AUM 26.32% 1-Year Est. Return

Herald Investment Management's Q2 2026 Portfolio in Review

As of Q2 2026, Herald Investment Management held 97 positions worth $737M, up 2.7% from $718M the previous quarter. Its ten largest holdings account for 35% of the portfolio.

Herald Investment Management withdrew a net $354M in Q2 2026, closing 5 positions and reducing 54 holdings. Its most notable exit was CSG Systems International, an estimated $3.3M position sold in full.

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

Against the trend, Herald Investment Management added an estimated $3.03M to Red Violet.

  • Herald Investment Management added most to Red Violet in Q2 2026, an estimated $3.03M increase.
  • Herald Investment Management's biggest Q2 2026 reduction was Silicon Motion, cutting an estimated $51M.
  • Herald Investment Management fully exited CSG Systems International in Q2 2026, selling an estimated $3.3M.
  • Herald Investment Management's ten largest holdings make up 35% of its $737M portfolio in Q2 2026.
  • Herald Investment Management opened 0 new positions and closed 5 in Q2 2026.
  • Herald Investment Management's portfolio value rose 2.7% quarter-over-quarter to $737M.

Based on Herald Investment Management's 13F filing for Q2 2026, filed 23 Jul 2026.