HERALD INVESTMENT MANAGEMENT Ltd Q3 2025 Filing
Filed November 7, 2025
Portfolio Value
$750.7M
Holdings
94
Report Date
Q3 2025
Filing Type
13F-HR
All Holdings (94 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 1 | CLSCelestica Inc | 335,000 | $82.5M | 10.99% | |
| 2 | FNFabrinet | 145,600 | $53.2M | 7.08% | |
| 3 | PEGAPegasystems Inc | 703,600 | $40.4M | 5.39% | |
| 4 | SIMOSilicon Motion Technology Corp | 384,906 | $36.4M | 4.85% | |
| 5 | SMCISuper Micro Computer Inc | 719,500 | $34.5M | 4.59% | |
| 6 | VRNSVaronis Systems Inc | 443,500 | $25.5M | 3.39% | |
| 7 | ARLOArlo Technologies Inc | 1,277,000 | $21.6M | 2.88% | |
| 8 | RDWRRADWARE Ltd | 675,000 | $17.9M | 2.38% | |
| 9 | DSGDescartes Systems Group Inc/The | 185,000 | $17.4M | 2.32% | |
| 10 | TSEMTower Semiconductor Ltd | 198,000 | $14.3M | 1.91% | |
| 11 | DRSLeonardo DRS Inc | 285,000 | $12.9M | 1.72% | |
| 12 | MSFTMicrosoft Corp | 24,300 | $12.6M | 1.68% | |
| 13 | VICRVicor Corp | 250,000 | $12.4M | 1.65% | |
| 14 | GOOGLAlphabet Inc | 50,200 | $12.2M | 1.63% | |
| 15 | KLICKulicke & Soffa Industries Inc | 296,100 | $12.0M | 1.60% | |
| 16 | CEVACeva Inc | 450,000 | $11.9M | 1.58% | |
| 17 | FROGJFrog Ltd | 250,000 | $11.8M | 1.57% | |
| 18 | AVPTAvePoint Inc | 700,000 | $10.5M | 1.40% | |
| 19 | RDVTRed Violet Inc | 200,000 | $10.5M | 1.39% | |
| 20 | AMZNAmazon.com Inc | 46,400 | $10.2M | 1.36% | |
| 21 | ALKTAlkami Technology Inc | 400,000 | $9.9M | 1.32% | |
| 22 | OGM1Cogent Communications Holdings Inc | 242,600 | $9.3M | 1.24% | |
| 23 | QLYSQualys Inc | 65,000 | $8.6M | 1.15% | |
| 24 | HLITHarmonic Inc | 785,000 | $8.0M | 1.07% | |
| 25 | ELVAElectrovaya Inc | 1,265,000 | $7.5M | 0.99% | |
| 26 | MRAMEverspin Technologies Inc | 800,000 | $7.4M | 0.99% | |
| 27 | LASRnLight Inc | 250,000 | $7.4M | 0.99% | |
| 28 | FIVNFive9 Inc | 282,000 | $6.8M | 0.91% | |
| 29 | CLMBClimb Global Solutions Inc | 50,000 | $6.7M | 0.90% | |
| 30 | VECOVeeco Instruments Inc | 200,000 | $6.1M | 0.81% | |
| 31 | MUMicron Technology Inc | 36,000 | $6.0M | 0.80% | |
| 32 | SPSCSPS Commerce Inc | 55,000 | $5.7M | 0.76% | |
| 33 | FAFirst Advantage Corp | 365,000 | $5.6M | 0.75% | |
| 34 | SMWBSimilarWeb Ltd | 600,000 | $5.6M | 0.74% | |
| 35 | HSTMHealthStream Inc | 190,000 | $5.4M | 0.71% | |
| 36 | AAPLApple Inc | 20,400 | $5.2M | 0.69% | |
| 37 | PDFSPDF Solutions Inc | 200,000 | $5.2M | 0.69% | |
| 38 | IDNIntellicheck Inc | 1,000,000 | $5.2M | 0.69% | |
| 39 | OUSTOuster Inc | 190,000 | $5.1M | 0.68% | |
| 40 | AMDAdvanced Micro Devices Inc | 30,920 | $5.0M | 0.67% | |
| 41 | AVDXAvidXchange Holdings Inc | 500,000 | $5.0M | 0.66% | |
| 42 | VERXVertex Inc | 200,000 | $5.0M | 0.66% | |
| 43 | KOPNKopin Corp | 2,000,000 | $4.9M | 0.65% | |
| 44 | VPGVishay Precision Group Inc | 150,000 | $4.8M | 0.64% | |
| 45 | QUIKQuickLogic Corp | 730,379 | $4.4M | 0.59% | |
| 46 | FMFFormFactor Inc | 118,300 | $4.3M | 0.57% | |
| 47 | WKWorkiva Inc | 50,000 | $4.3M | 0.57% | |
| 48 | RDCMRADCOM Ltd | 300,000 | $4.3M | 0.57% | |
| 49 | SPIRSpire Global Inc | 386,249 | $4.2M | 0.56% | |
| 50 | BELFBBel Fuse Inc | 30,000 | $4.2M | 0.56% | |
| 51 | AIPArteris Inc | 400,000 | $4.0M | 0.54% | |
| 52 | CTSCTS Corp | 100,000 | $4.0M | 0.53% | |
| 53 | RMNIRimini Street Inc | 850,000 | $4.0M | 0.53% | |
| 54 | TGENTecogen Inc/Waltham MA | 446,078 | $3.9M | 0.52% | |
| 55 | APPSDigital Turbine Inc | 600,000 | $3.8M | 0.51% | |
| 56 | DGIIDigi International Inc | 100,000 | $3.6M | 0.49% | |
| 57 | SLABSilicon Laboratories Inc | 27,500 | $3.6M | 0.48% | |
| 58 | AVNWAviat Networks Inc | 155,000 | $3.6M | 0.47% | |
| 59 | HIMXHimax Technologies Inc | 400,000 | $3.5M | 0.47% | |
| 60 | BANDBandwidth Inc | 210,000 | $3.5M | 0.47% | |
| 61 | CMRCCommerce.com Inc | 700,000 | $3.5M | 0.47% | |
| 62 | RBBNRibbon Communications Inc | 912,869 | $3.5M | 0.46% | |
| 63 | FCFranklin Covey Co | 175,000 | $3.4M | 0.45% | |
| 64 | MLABMesa Laboratories Inc | 50,000 | $3.3M | 0.44% | |
| 65 | ANETArista Networks Inc | 22,700 | $3.3M | 0.44% | |
| 66 | NABLN-Able Inc | 413,000 | $3.2M | 0.43% | |
| 67 | OSPNOnespan Inc | 200,000 | $3.2M | 0.42% | |
| 68 | OOMAOoma Inc | 260,000 | $3.1M | 0.42% | |
| 69 | MPTIM-Tron Industries Inc | 55,000 | $3.0M | 0.40% | |
| 70 | SLPSimulations Plus Inc | 200,000 | $3.0M | 0.40% | |
| 71 | TERTeradyne Inc | 20,600 | $2.8M | 0.38% | |
| 72 | 1GSNNovanta Inc | 25,000 | $2.5M | 0.33% | |
| 73 | DTDynatrace Inc | 50,000 | $2.4M | 0.32% | |
| 74 | CINTCI&T Inc | 450,000 | $2.3M | 0.31% | |
| 75 | FRSHFreshworks Inc | 190,000 | $2.2M | 0.30% | |
| 76 | SILCSilicom Ltd | 125,000 | $2.2M | 0.29% | |
| 77 | PATHUiPath Inc | 161,280 | $2.2M | 0.29% | |
| 78 | ZMZoom Communications Inc | 25,910 | $2.1M | 0.28% | |
| 79 | INUVInuvo Inc | 573,773 | $2.0M | 0.27% | |
| 80 | KDKyndryl Holdings Inc | 67,000 | $2.0M | 0.27% | |
| 81 | CHKPCheck Point Software Technologies Ltd | 9,200 | $1.9M | 0.25% | |
| 82 | ADTNADTRAN Holdings Inc | 200,000 | $1.9M | 0.25% | |
| 83 | ARWArrow Electronics Inc | 15,200 | $1.8M | 0.24% | |
| 84 | LTRXLantronix Inc | 400,000 | $1.8M | 0.24% | |
| 85 | GNSSGenasys Inc | 750,000 | $1.8M | 0.24% | |
| 86 | VLNValens Semiconductor Ltd | 950,000 | $1.7M | 0.23% | |
| 87 | CRGOFreightos Ltd | 500,000 | $1.6M | 0.22% | |
| 88 | FORRForrester Research Inc | 150,000 | $1.6M | 0.21% | |
| 89 | PWIPower Integrations Inc | 38,000 | $1.5M | 0.20% | |
| 90 | AWREAware Inc/MA | 430,000 | $1.0M | 0.13% | |
| 91 | ACCSAccess Newswire Inc | 90,000 | $955K | 0.13% | |
| 92 | BELFABel Fuse Inc | 7,500 | $872K | 0.12% | |
| 93 | TXNTexas Instruments Inc | 4,100 | $753K | 0.10% | |
| 94 | INTCIntel Corp | 19,000 | $637K | 0.08% |