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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
+36.71%
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
$674M
AUM Growth
+$141M
Cap. Flow
-$11.5M
Cap. Flow %
-1.71%
Top 10 Hldgs %
46.03%
Holding
96
New
1
Increased
11
Reduced
6
Closed
2

Top Buys

Rank Stock Value
1
SMWB icon
Similarweb
SMWB
+$2.25M
2
TGEN
Tecogen Inc
TGEN
+$1.67M
3
CEVA icon
CEVA Inc
CEVA
+$1.67M
4
SPIR icon
Spire Global
SPIR
+$1.58M
5
FIVN icon
FIVE9
FIVN
+$1.34M

Top Sells

Rank Stock Value
1
LGTY
Logility Supply Chain Solutions, Inc. Common Stock
LGTY
+$11.7M
2
CLS icon
Celestica
CLS
+$3.45M
3
FN icon
Fabrinet
FN
+$3.32M
4
AKAM icon
Akamai
AKAM
+$1.22M
5
RDWR icon
Radware
RDWR
+$1.18M

Sector Composition

Rank Sector Weight
1 Technology 85.04%
2 Industrials 8.16%
3 Communication Services 3.74%
4 Consumer Discretionary 1.51%
5 Healthcare 0.78%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CLS icon
1
Celestica
CLS
$40.5B
$61M 9.05%
390,700
-32,500
-8% -$3.45M
FN icon
2
Fabrinet
FN
$15.7B
$45.5M 6.75%
154,600
-14,900
-9% -$3.32M
PEGA icon
3
Pegasystems
PEGA
$4.94B
$38.1M 5.65%
703,600
– –
SMCI icon
4
Super Micro Computer
SMCI
$17.9B
$37M 5.48%
754,500
– –
SIMO icon
5
Silicon Motion
SIMO
$8.65B
$28.9M 4.28%
384,906
– –
VRNS icon
6
Varonis Systems
VRNS
$4.58B
$22.5M 3.34%
443,500
– –
ARLO icon
7
Arlo Technologies
ARLO
$1.57B
$21.6M 3.21%
1,277,000
– –
RDWR icon
8
Radware
RDWR
$1.05B
$19.8M 2.94%
675,000
-50,000
-7% -$1.18M
DSGX icon
9
Descartes Systems
DSGX
$6.39B
$18.8M 2.79%
185,000
– –
CYBR
10
DELISTED
CyberArk
CYBR
$17.2M 2.55%
42,300
– –
DRS icon
11
Leonardo DRS
DRS
$12.2B
$13.9M 2.07%
300,000
-20,000
-6% -$803K
AVPT icon
12
AvePoint
AVPT
$2.72B
$13.5M 2%
700,000
– –
MSFT icon
13
Microsoft
MSFT
$3.35T
$12.1M 1.79%
24,300
-2,445
-9% -$1.06M
FROG icon
14
JFrog
FROG
$9.5B
$11M 1.63%
250,000
– –
VICR icon
15
Vicor
VICR
$9.42B
$10.4M 1.55%
230,000
– –
KLIC icon
16
Kulicke & Soffa
KLIC
$4.62B
$10.2M 1.52%
296,100
– –
AMZN icon
17
Amazon
AMZN
$2.53T
$10.2M 1.51%
46,400
– –
CCOI icon
18
Cogent Communications
CCOI
$663M
$10M 1.48%
207,600
+7,000
+3% +$355K
RDVT icon
19
Red Violet
RDVT
$964M
$9.84M 1.46%
200,000
– –
QLYS icon
20
Qualys
QLYS
$4.99B
$9.28M 1.38%
65,000
– –
GOOGL icon
21
Alphabet (Google) Class A
GOOGL
$4.08T
$8.84M 1.31%
50,200
– –
CEVA icon
22
CEVA Inc
CEVA
$916M
$8.78M 1.3%
400,000
+75,000
+23% +$1.67M
TSEM icon
23
Tower Semiconductor
TSEM
$23.9B
$8.57M 1.27%
198,000
– –
HLIT icon
24
Harmonic Inc
HLIT
$1.22B
$7.43M 1.1%
785,000
– –
FIVN icon
25
FIVE9
FIVN
$2.12B
$6.93M 1.03%
262,000
+51,400
+24% +$1.34M
1
2 3 4

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Herald Investment Management's Q2 2025 Portfolio in Review

As of Q2 2025, Herald Investment Management held 96 positions worth $674M, up 26% from $533M the previous quarter. Its ten largest holdings account for 46% of the portfolio.

Trading was light in Q2 2025: portfolio turnover was 3.1%. Herald Investment Management opened 1 new position and exited 2, leaving the 96-position portfolio largely intact.

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 Q2 2025 buy was Tecogen Inc: 321,078 shares worth $2.19M.
  • Herald Investment Management added most to Similarweb in Q2 2025, an estimated $2.25M increase.
  • Herald Investment Management's biggest Q2 2025 reduction was Celestica, cutting an estimated $3.45M.
  • Herald Investment Management fully exited Logility Supply Chain Solutions, Inc. Common Stock in Q2 2025, selling an estimated $11.7M.
  • Herald Investment Management's ten largest holdings make up 46% of its $674M portfolio in Q2 2025.
  • Herald Investment Management opened 1 new position and closed 2 in Q2 2025.
  • Herald Investment Management's portfolio value rose 26% quarter-over-quarter to $674M.

Based on Herald Investment Management's 13F filing for Q2 2025, filed 22 Jul 2025.