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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
AIP icon
51
Arteris
AIP
$1.25B
$4.04M 0.54%
400,000
+100,000
+33% +$952K
CTS icon
52
CTS Corp
CTS
$1.85B
$3.99M 0.53%
+100,000
New +$4.15M
RMNI icon
53
Rimini Street
RMNI
$458M
$3.98M 0.53%
850,000
– –
TGEN
54
Tecogen Inc
TGEN
$116M
$3.9M 0.52%
446,078
+125,000
+39% +$1M
APPS icon
55
Digital Turbine
APPS
$1.74B
$3.84M 0.51%
600,000
– –
DGII icon
56
Digi International
DGII
$3.14B
$3.65M 0.49%
100,000
+20,000
+25% +$687K
SLAB icon
57
Silicon Laboratories
SLAB
$7.2B
$3.61M 0.48%
+27,500
New +$3.75M
AVNW icon
58
Aviat Networks
AVNW
$270M
$3.55M 0.47%
155,000
– –
HIMX
59
Himax Technologies
HIMX
$2.57B
$3.53M 0.47%
400,000
+170,000
+74% +$1.46M
BAND
60
Bandwidth Inc
BAND
$1.7B
$3.5M 0.47%
210,000
– –
CMRC
61
Commerce.com Inc Series 1
CMRC
$175M
$3.49M 0.47%
700,000
+75,000
+12% +$361K
RBBN icon
62
Ribbon Communications
RBBN
$367M
$3.47M 0.46%
912,869
– –
FC icon
63
Franklin Covey
FC
$242M
$3.4M 0.45%
175,000
– –
MLAB icon
64
Mesa Laboratories
MLAB
$569M
$3.34M 0.45%
50,000
+37,500
+300% +$2.7M
ANET icon
65
Arista Networks
ANET
$242B
$3.31M 0.44%
22,700
– –
NABL icon
66
N-able
NABL
$605M
$3.22M 0.43%
413,000
– –
OSPN icon
67
OneSpan
OSPN
$603M
$3.18M 0.42%
200,000
– –
OOMA icon
68
Ooma
OOMA
$593M
$3.12M 0.42%
260,000
– –
MPTI icon
69
M-tron Industries
MPTI
$366M
$3.04M 0.4%
55,000
+20,000
+57% +$896K
SLP icon
70
Simulations Plus
SLP
$371M
$3.02M 0.4%
+200,000
New +$2.91M
TER icon
71
Teradyne
TER
$57.1B
$2.83M 0.38%
20,600
– –
NOVT icon
72
Novanta
NOVT
$6.2B
$2.5M 0.33%
+25,000
New +$2.98M
DT icon
73
Dynatrace
DT
$14.6B
$2.42M 0.32%
50,000
– –
CINT icon
74
CI&T Inc
CINT
$467M
$2.32M 0.31%
450,000
– –
FRSH icon
75
Freshworks
FRSH
$3.31B
$2.23M 0.3%
190,000
+100,000
+111% +$1.35M
1 2
3
4

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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.