HERALD INVESTMENT MANAGEMENT Ltd
Reported holdings as of Q2 2026, from 31 quarterly filings.
Holdings
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| SILICON MOTION TECHNOLOGY CO | SIMO | $49.2M | 147,700 | +0.92pp | 31q | -59.8%-$73.3M | |
| CELESTICA INC | CLS | $30.1M | 82,550 | -4.13pp | 10q | -60.6%-$46.3M | |
| VICOR CORP | VICR | $29.3M | 77,100 | -0.96pp | 26q | -65.0%-$54.2M | |
| TOWER SEMICONDUCTOR LTD | TSEM | $25.8M | 99,000 | -0.56pp | 31q | -40.4%-$17.4M | |
| KULICKE & SOFFA INDS INC | KLIC | $23.6M | 176,600 | +0.97pp | 31q | -27.7%-$9.0M | |
| FABRINET | FN | $23.4M | 41,600 | -4.10pp | 31q | -58.4%-$32.9M | |
| DIGITALOCEAN HLDGS INC | DOCN | $23.2M | 147,500 | +0.55pp | 3q | -32.0%-$10.9M | |
| MICRON TECHNOLOGY INC | MU | $20.8M | 18,100 | +1.81pp | 31q | -15.8%-$3.9M | |
| CEVA INC | CEVA | $17.4M | 369,363 | +1.01pp | 31q | -29.0%-$7.1M | |
| PEGASYSTEMS INC | PEGA | $16.6M | 554,450 | -1.82pp | 31q | -19.2%-$4.0M | |
| RED VIOLET INC | RDVT | $16.2M | 254,250 | +1.28pp | 10q | +33.7%+$4.1M | |
| VARONIS SYS INC | VRNS | $16.0M | 380,834 | +0.78pp | 31q | -17.8%-$3.5M | |
| ALPHABET INC | GOOGL | $15.7M | 44,100 | +0.37pp | 31q | HELD | |
| ARLO TECHNOLOGIES INC | ARLO | $15.3M | 1,134,325 | -0.66pp | 21q | -17.6%-$3.3M | |
| ARTERIS INC | AIP | $14.4M | 296,800 | +1.04pp | 14q | -25.8%-$5.0M | |
| RADWARE LTD | RDWR | $14.1M | 456,817 | -0.47pp | 31q | -29.7%-$6.0M | |
| JFROG LTD | FROG | $14.0M | 153,550 | +0.58pp | 18q | -23.2%-$4.2M | |
| VISHAY PRECISION GROUP INC | VPG | $12.5M | 83,750 | +0.67pp | 10q | -50.7%-$12.9M | |
| SUPER MICRO COMPUTER INC | SMCI | $12.4M | 421,600 | -0.54pp | 8q | -39.7%-$8.2M | |
| AMAZON COM INC | AMZN | $11.8M | 49,400 | +0.16pp | 31q | HELD | |
| ADVANCED MICRO DEVICES INC | AMD | $10.9M | 18,820 | +0.89pp | 31q | -9.2%-$1.1M | |
| VISHAY INTERTECHNOLOGY INC | VSH | $9.7M | 180,475 | +0.56pp | 2q | -39.8%-$6.4M | |
| MICROSOFT CORP | MSFT | $9.6M | 25,800 | -0.03pp | 31q | HELD | |
| LEONARDO DRS INC | DRS | $9.4M | 219,500 | -0.50pp | 15q | -23.0%-$2.8M | |
| PDF SOLUTIONS INC | PDFS | $8.5M | 119,667 | +0.24pp | 9q | -40.2%-$5.7M | |
| NLIGHT INC | LASR | $8.5M | 121,500 | -0.32pp | 31q | -34.3%-$4.4M | |
| POWER INTEGRATIONS INC | POWI | $8.4M | 100,384 | -0.11pp | 29q | -42.6%-$6.2M | |
| BANDWIDTH INC | BAND | $7.8M | 124,000 | +0.63pp | 30q | -29.1%-$3.2M | |
| FIVE9 INC | FIVN | $7.6M | 354,500 | +0.26pp | 31q | -2.1%-$159.8K | |
| DESCARTES SYS GROUP INC | DSGX | $7.5M | 108,000 | -0.43pp | 31q | -25.5%-$2.6M | |
| ELECTROVAYA INC | ELVA | $7.4M | 704,500 | -0.26pp | 10q | -38.7%-$4.7M | |
| TERADYNE INC | TER | $7.2M | 15,000 | +0.36pp | 31q | HELD | |
| ALKAMI TECHNOLOGY INC | ALKT | $7.2M | 400,000 | -0.11pp | 18q | -20.0%-$1.8M | |
| OUSTER INC | OUST | $7.2M | 114,500 | +0.59pp | 6q | -23.7%-$2.2M | |
| DIGITAL TURBINE INC | APPS | $7.1M | 550,329 | +0.73pp | 30q | -6.4%-$483.4K | |
| APPLE INC | AAPL | $7.1M | 24,500 | +0.17pp | 31q | +9.9%+$636.0K | |
| QUALYS INC | QLYS | $6.5M | 47,500 | +0.21pp | 31q | -13.6%-$1.0M | |
| AVEPOINT INC | AVPT | $6.4M | 575,250 | -0.15pp | 18q | -25.8%-$2.2M | |
| VIAVI SOLUTIONS INC | VIAV | $6.1M | 128,167 | -0.21pp | 3q | -43.0%-$4.6M | |
| FORMFACTOR INC | FORM | $6.0M | 37,650 | -0.20pp | 20q | -50.0%-$6.0M | |
| BEL FUSE INC | BELFB | $6.0M | 17,950 | -0.02pp | 7q | -40.2%-$4.0M | |
| EVERSPIN TECHNOLOGIES INC | MRAM | $5.8M | 241,750 | +0.06pp | 31q | -59.7%-$8.7M | |
| M-TRON INDS INC | MPTI | $5.8M | 58,500 | +0.27pp | 6q | +6.4%+$346.4K | |
| FIRST ADVANTAGE CORP NEW | FA | $5.6M | 312,500 | +0.19pp | 13q | -10.7%-$676.5K | |
| EPLUS INC | PLUS | $5.6M | 67,500 | -0.03pp | 3q | -10.0%-$623.5K | |
| KOPIN CORP | KOPN | $5.6M | 1,247,500 | +0.16pp | 8q | -34.3%-$2.9M | |
| DIGI INTL INC | DGII | $5.6M | 74,500 | +0.08pp | 6q | -25.5%-$1.9M | |
| VEECO INSTRS INC DEL | VECO | $5.3M | 69,500 | -0.23pp | 10q | -65.2%-$9.9M | |
| QUICKLOGIC CORP | QUIK | $5.2M | 261,500 | -0.09pp | 19q | -57.3%-$7.0M | |
| CLIMB GLOBAL SOLUTIONS INC | CLMB | $5.1M | 221,836 | -0.12pp | 14q | -25.3%-$1.7M | |
| CTS CORP | CTS | $4.7M | 72,500 | -0.02pp | 4q | -27.5%-$1.8M | |
| SPIRE GLOBAL INC | SPIR | $4.7M | 253,000 | +0.04pp | 10q | -25.6%-$1.6M | |
| NOVANTA INC | NOVT | $4.7M | 28,780 | +0.16pp | 4q | HELD | |
| RADCOM LTD | RDCM | $4.6M | 325,000 | +0.07pp | 31q | HELD | |
| SILICOM LTD | SILC | $4.5M | 95,800 | +0.25pp | 31q | -22.3%-$1.3M | |
| HARMONIC INC | HLIT | $4.4M | 267,000 | -0.39pp | 31q | -66.0%-$8.5M | |
| POWELL INDS INC | POWL | $4.3M | 15,000 | +0.21pp | 3q | +200.0%+$2.9M | |
| FRANKLIN COVEY CO | FC | $4.3M | 175,000 | +0.20pp | 11q | HELD | |
| MESA LABS INC | MLAB | $4.2M | 42,500 | -0.04pp | 7q | -15.0%-$745.7K | |
| ALLIENT INC | ALNT | $4.1M | 40,000 | +0.23pp | 3q | HELD | |
| HEALTHSTREAM INC | HSTM | $4.1M | 150,000 | +0.12pp | 20q | HELD | |
| SPS COMM INC | SPSC | $4.0M | 70,000 | flat | 31q | HELD | |
| SIMILARWEB LTD | SMWB | $4.0M | 645,465 | +0.30pp | 6q | HELD | |
| HIMAX TECHNOLOGIES INC | HIMX | $3.9M | 252,000 | +0.09pp | 6q | -37.0%-$2.3M | |
| SIMULATIONS PLUS INC | SLP | $3.7M | 200,000 | +0.17pp | 4q | HELD | |
| VERTEX INC | VERX | $3.4M | 300,000 | +0.14pp | 20q | +50.0%+$1.1M | |
| COGENT COMM HOLDINGS INC | CCOI | $3.4M | 242,600 | -0.18pp | 22q | HELD | |
| CI&T INC | CINT | $3.3M | 1,000,000 | +0.07pp | 12q | +90.5%+$1.5M | |
| ARROW ELECTRS INC | ARW | $3.2M | 15,200 | +0.14pp | 27q | HELD | |
| UIPATH INC | PATH | $3.2M | 296,280 | +0.12pp | 10q | +46.5%+$1.0M | |
| ARISTA NETWORKS INC | ANET | $3.2M | 18,700 | +0.11pp | 7q | HELD | |
| COMMERCE.COM INC | CMRC | $3.1M | 1,060,000 | +0.17pp | 10q | +51.4%+$1.1M | |
| AVNET INC | AVT | $2.9M | 33,000 | +0.11pp | 2q | HELD | |
| OOMA INC | OOMA | $2.9M | 150,000 | +0.09pp | 26q | HELD | |
| ADTRAN HOLDINGS INC | ADTN | $2.8M | 200,000 | +0.03pp | 16q | HELD | |
| SILICON LABORATORIES INC | SLAB | $2.7M | 12,500 | -0.43pp | 4q | -54.5%-$3.3M | |
| BRAZE INC | BRZE | $2.7M | 125,000 | -0.04pp | 3q | HELD | |
| INTEL CORP | INTC | $2.7M | 19,000 | +0.24pp | 31q | HELD | |
| ZOOM COMMUNICATIONS INC | ZM | $2.2M | 25,910 | +0.01pp | 18q | HELD | |
| DYNATRACE INC | DT | $2.2M | 50,000 | +0.04pp | 21q | HELD | |
| TECOGEN INC NEW | TGEN | $2.2M | 420,000 | +0.15pp | 5q | HELD | |
| VALENS SEMICONDUCTOR LTD | VLN | $2.1M | 950,000 | +0.14pp | 16q | HELD | |
| FRESHWORKS INC | FRSH | $1.9M | 190,000 | +0.05pp | 18q | HELD | |
| RIMINI STR INC DEL | RMNI | $1.5M | 350,000 | -0.25pp | 24q | -65.0%-$2.8M | |
| BEL FUSE INC | BELFA | $1.5M | 5,000 | +0.07pp | 7q | HELD | |
| INTELLICHECK MOBILISA INC | IDN | $1.2M | 300,000 | -0.63pp | 31q | -63.4%-$2.1M | |
| TEXAS INSTRS INC | TXN | $1.2M | 4,100 | +0.05pp | 18q | HELD | |
| Check Point Software Technologies Ltd | $1.2M | 9,200 | -0.02pp | 31q | HELD | ||
| AVIAT NETWORKS INC | AVNW | $1.2M | 53,000 | -0.33pp | 16q | -65.8%-$2.3M | |
| KYNDRYL HLDGS INC | KD | $904.8K | 80,000 | -0.02pp | 10q | HELD | |
| Freightos Ltd UNVERIFIED ID | $735.0K | 500,000 | -0.01pp | 7q | HELD | ||
| AWARE INC MASS | AWRE | $311.3K | 234,058 | -0.03pp | 13q | -45.6%-$260.6K |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Semiconductors & Electronics | $350.5M | 47.5% |
| Software & IT Services | $229.0M | 31.1% |
| Computer Hardware | $37.3M | 5.1% |
| Business Services | $35.1M | 4.8% |
| Wholesale & Distribution | $16.9M | 2.3% |
| Instruments & Controls | $15.6M | 2.1% |
| Industrials | $14.6M | 2.0% |
| Retail & Consumer | $11.8M | 1.6% |
| Other sectors | $24.5M | 3.3% |
| Not classified | $1.9M | 0.3% |
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $737.3M | 92 | 0 | 8 | 54 | 5 | 35.2% | 23 |
| Q1 2026 | $717.6M | 97 | 3 | 5 | 44 | 3 | 44.2% | 43 |
| Q4 2025 | $765.5M | 97 | 7 | 27 | 19 | 4 | 41.0% | 44 |
| Q3 2025 | $750.7M | 94 | 5 | 20 | 8 | 5 | 45.8% | 38 |
| Q2 2025 | $674.3M | 94 | 2 | 12 | 6 | 3 | 46.0% | 22 |
| Q1 2025 | $533.0M | 95 | 7 | 19 | 11 | 6 | 40.5% | 42 |
| Q4 2024 | $610.9M | 94 | 5 | 9 | 17 | 5 | 40.5% | 44 |
| Q3 2024 | $580.4M | 94 | 2 | 7 | 7 | 4 | 42.8% | 44 |
| Q2 2024 | $610.2M | 96 | 1 | 12 | 6 | 3 | 46.6% | 40 |
| Q1 2024 | $616.8M | 98 | 11 | 32 | 10 | 11 | 46.1% | 43 |
| Q4 2023 | $523.5M | 98 | 1 | 8 | 10 | 4 | 45.3% | 45 |
| Q3 2023 | $470.4M | 101 | 5 | 14 | 6 | 4 | 44.5% | 44 |
| Q2 2023 | $514.9M | 100 | 4 | 10 | 6 | 0 | 45.6% | 25 |
| Q1 2023 | $450.1M | 96 | 4 | 11 | 3 | 4 | 43.2% | 34 |
| Q4 2022 | $407.4K | 96 | 1 | 14 | 2 | 7 | 43.1% | 45 |
| Q3 2022 | $405.6M | 102 | 4 | 18 | 2 | 7 | 39.9% | 38 |
| Q2 2022 | $430.5M | 105 | 2 | 22 | 2 | 4 | 37.8% | 35 |
| Q1 2022 | $549.1M | 107 | 8 | 14 | 4 | 3 | 37.5% | 46 |
| Q4 2021 | $616.4M | 102 | 3 | 14 | 7 | 3 | 39.6% | 46 |
| Q3 2021 | $608.4M | 102 | 7 | 13 | 6 | 5 | 39.6% | 43 |
| Q2 2021 | $614.0M | 100 | 4 | 5 | 2 | 4 | 38.4% | 44 |
| Q1 2021 | $575.1M | 100 | 7 | 8 | 8 | 1 | 36.5% | 44 |
| Q4 2020 | $560.7M | 94 | 3 | 8 | 9 | 5 | 40.3% | 47 |
| Q3 2020 | $464.3M | 96 | 10 | 8 | 7 | 8 | 42.2% | 43 |
| Q2 2020 | $428.1M | 94 | 5 | 7 | 8 | 4 | 42.4% | 38 |
| Q1 2020 | $330.3M | 93 | 6 | 4 | 6 | 3 | 45.1% | 44 |
| Q4 2019 | $392.5M | 90 | 5 | 13 | 4 | 3 | 44.2% | 45 |
| Q3 2019 | $335.9M | 88 | 4 | 6 | 2 | 8 | 45.1% | 52 |
| Q2 2019 | $359.1M | 92 | 5 | 5 | 8 | 10 | 43.1% | 45 |
| Q1 2019 | $393.2M | 97 | 9 | 2 | 2 | 2 | 43.5% | 44 |
| Q4 2018 | $312.2M | 90 | 0 | 0 | 0 | 0 | 44.1% | 46 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.