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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
CLS icon
1
Celestica
CLS
$38.1B
$82.5M 10.99%
335,000
-55,700
-14% -$11.2M
FN icon
2
Fabrinet
FN
$15.6B
$53.2M 7.08%
145,600
-9,000
-6% -$2.96M
PEGA icon
3
Pegasystems
PEGA
$5.02B
$40.4M 5.39%
703,600
– –
SIMO icon
4
Silicon Motion
SIMO
$8.6B
$36.4M 4.85%
384,906
– –
SMCI icon
5
Super Micro Computer
SMCI
$18.4B
$34.5M 4.59%
719,500
-35,000
-5% -$1.67M
VRNS icon
6
Varonis Systems
VRNS
$4.59B
$25.5M 3.4%
443,500
– –
ARLO icon
7
Arlo Technologies
ARLO
$1.6B
$21.6M 2.88%
1,277,000
– –
RDWR icon
8
Radware
RDWR
$1.1B
$17.9M 2.38%
675,000
– –
DSGX icon
9
Descartes Systems
DSGX
$6.44B
$17.4M 2.32%
185,000
– –
TSEM icon
10
Tower Semiconductor
TSEM
$24.8B
$14.3M 1.91%
198,000
– –
DRS icon
11
Leonardo DRS
DRS
$12.3B
$12.9M 1.72%
285,000
-15,000
-5% -$654K
MSFT icon
12
Microsoft
MSFT
$3.45T
$12.6M 1.68%
24,300
– –
VICR icon
13
Vicor
VICR
$9.56B
$12.4M 1.65%
250,000
+20,000
+9% +$974K
GOOGL icon
14
Alphabet (Google) Class A
GOOGL
$4.36T
$12.2M 1.63%
50,200
– –
KLIC icon
15
Kulicke & Soffa
KLIC
$4.67B
$12M 1.6%
296,100
– –
CEVA icon
16
CEVA Inc
CEVA
$910M
$11.9M 1.58%
450,000
+50,000
+13% +$1.16M
FROG icon
17
JFrog
FROG
$9.66B
$11.8M 1.57%
250,000
– –
AVPT icon
18
AvePoint
AVPT
$2.76B
$10.5M 1.4%
700,000
– –
RDVT icon
19
Red Violet
RDVT
$979M
$10.5M 1.39%
200,000
– –
AMZN icon
20
Amazon
AMZN
$2.92T
$10.2M 1.36%
46,400
– –
ALKT icon
21
Alkami Technology
ALKT
$1.94B
$9.94M 1.32%
400,000
+220,000
+122% +$5.62M
CCOI icon
22
Cogent Communications
CCOI
$676M
$9.3M 1.24%
242,600
+35,000
+17% +$1.46M
QLYS icon
23
Qualys
QLYS
$5.1B
$8.6M 1.15%
65,000
– –
HLIT icon
24
Harmonic Inc
HLIT
$1.25B
$8M 1.07%
785,000
– –
ELVA
25
Electrovaya
ELVA
$407M
$7.45M 0.99%
1,265,000
– –
1
2 3 4

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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.