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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
SIMO icon
1
Silicon Motion
SIMO
$8.16B
$18.5M 8.01%
436,000
-50,000
-10% -$2.28M
PEGA icon
2
Pegasystems
PEGA
$4.84B
$13.7M 5.92%
762,000
– –
RDWR icon
3
Radware
RDWR
$1.25B
$11.3M 4.88%
776,000
– –
CEVA icon
4
CEVA Inc
CEVA
$960M
$10.7M 4.62%
318,382
– –
DSGX icon
5
Descartes Systems
DSGX
$6.14B
$10.2M 4.41%
478,000
-72,000
-13% -$1.53M
MENT
6
DELISTED
Mentor Graphics Corp
MENT
$9.22M 3.99%
250,000
– –
WIFI
7
DELISTED
Boingo Wireless, Inc.
WIFI
$8.04M 3.48%
660,000
– –
MLNX
8
DELISTED
Mellanox Technologies, Ltd.
MLNX
$7.77M 3.36%
189,900
– –
IPHI
9
DELISTED
INPHI CORPORATION
IPHI
$7.22M 3.12%
162,000
– –
VSAT icon
10
Viasat
VSAT
$10.1B
$6.62M 2.86%
100,000
– –
FIVN icon
11
FIVE9
FIVN
$1.96B
$6.38M 2.76%
450,000
– –
FN icon
12
Fabrinet
FN
$16.6B
$5.64M 2.44%
140,000
– –
WEB
13
DELISTED
Web.com Group, Inc.
WEB
$5.26M 2.28%
250,000
– –
RATE
14
DELISTED
Bankrate Inc
RATE
$4.97M 2.15%
450,000
– –
CUDA
15
DELISTED
Barracuda Networks, Inc.
CUDA
$4.93M 2.13%
230,000
– –
NTCT icon
16
NETSCOUT
NTCT
$2.85B
$4.72M 2.04%
150,000
– –
CALD
17
DELISTED
Callidus Software, Inc.
CALD
$4.37M 1.89%
260,000
– –
EGHT icon
18
8x8 Inc
EGHT
$261M
$3.86M 1.67%
270,000
-110,000
-29% -$1.59M
BCOV
19
DELISTED
Brightcove, Inc.
BCOV
$3.79M 1.64%
471,000
– –
SPSC icon
20
SPS Commerce
SPSC
$2.42B
$3.49M 1.51%
100,000
– –
YELP icon
21
Yelp
YELP
$1.46B
$3.43M 1.48%
90,000
– –
ORBK
22
DELISTED
Orbotech Ltd
ORBK
$3.34M 1.44%
100,000
– –
JOBS
23
DELISTED
51job Inc
JOBS
$3.17M 1.37%
94,000
– –
NMBL
24
DELISTED
Nimble Storage, Inc.
NMBL
$2.77M 1.2%
350,182
– –
QLYS icon
25
Qualys
QLYS
$4.8B
$2.75M 1.19%
87,250
– –
1
2 3 4

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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.