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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
SMCI icon
1
Super Micro Computer
SMCI
$18.4B
$60.3M 12.83%
2,203,000
-896,000
-29% -$25M
FN icon
2
Fabrinet
FN
$15.6B
$32.1M 6.83%
193,000
– –
SIMO icon
3
Silicon Motion
SIMO
$8.6B
$19.7M 4.19%
384,906
– –
DSGX icon
4
Descartes Systems
DSGX
$6.44B
$19.1M 4.06%
260,000
-20,000
-7% -$1.51M
VRNS icon
5
Varonis Systems
VRNS
$4.59B
$15.4M 3.26%
503,075
– –
PEGA icon
6
Pegasystems
PEGA
$5.02B
$14.2M 3.01%
653,000
– –
RDWR icon
7
Radware
RDWR
$1.1B
$14M 2.97%
825,000
– –
SPSC icon
8
SPS Commerce
SPSC
$2.69B
$11.9M 2.54%
70,100
-7,400
-10% -$1.31M
QLYS icon
9
Qualys
QLYS
$5.1B
$11.6M 2.47%
76,250
– –
ARLO icon
10
Arlo Technologies
ARLO
$1.6B
$11.2M 2.39%
1,090,430
– –
CLS icon
11
Celestica
CLS
$38.1B
$11M 2.34%
450,000
– –
CCOI icon
12
Cogent Communications
CCOI
$676M
$10.5M 2.24%
170,395
+15,000
+10% +$981K
AVID
13
DELISTED
Avid Technology Inc
AVID
$8.73M 1.86%
325,000
+25,000
+8% +$658K
VICR icon
14
Vicor
VICR
$9.56B
$8.24M 1.75%
140,000
– –
KLIC icon
15
Kulicke & Soffa
KLIC
$4.67B
$8.07M 1.72%
165,895
– –
MSFT icon
16
Microsoft
MSFT
$3.45T
$8.03M 1.71%
25,442
– –
CYBR
17
DELISTED
CyberArk
CYBR
$6.71M 1.43%
41,000
– –
CEVA icon
18
CEVA Inc
CEVA
$910M
$6.3M 1.34%
325,000
– –
HLIT icon
19
Harmonic Inc
HLIT
$1.25B
$6.27M 1.33%
650,000
+75,000
+13% +$894K
GOOGL icon
20
Alphabet (Google) Class A
GOOGL
$4.36T
$6.14M 1.3%
46,900
– –
DRS icon
21
Leonardo DRS
DRS
$12.3B
$5.85M 1.24%
350,000
– –
AAPL icon
22
Apple
AAPL
$4.54T
$5.39M 1.15%
31,500
– –
AMZN icon
23
Amazon
AMZN
$2.92T
$5.17M 1.1%
40,700
– –
TSEM icon
24
Tower Semiconductor
TSEM
$24.8B
$4.86M 1.03%
198,000
– –
AMD icon
25
Advanced Micro Devices
AMD
$776B
$4.82M 1.03%
46,905
– –
1
2 3 4 5

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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.