HERALD INVESTMENT MANAGEMENT Ltd
Filing Date
Global Rank
#2,161
/ 8,607
▼ 26
· as of Mar 2026
Top Industry
Electronic Components
23.4%
3Y Alpha vs SPY
+8.3%
Period ended 3 months ago
Filed May 13, 2026 · 59d
25 quarters · since Mar 2020
Clone Performance
Jul 2023–Jul 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+116.2%
SPY
+76.7%
Annualised alpha
+8.4%
Max drawdown
−29.6%
Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.
Portfolio Concentration
93 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
8.3%
−0.7 pts
Top 5
30.7%
+1.2 pts
Top 10
44.9%
+3.0 pts
HHI
296
Diversified+15
Portfolio Trend
25 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Technology | 87.1% | $616,610,242 |
| Industrials | 7.3% | $51,646,110 |
| Communication Services | 3.0% | $21,203,980 |
| Consumer Cyclical | 1.5% | $10,288,538 |
| Healthcare | 0.8% | $5,470,500 |
| Consumer Defensive | 0.4% | $2,763,250 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
5 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| CLMB | Climb Global Solutions, Inc. | +221,836 | 296,836 | $5,883,289 | |
| ARLO | Arlo Technologies, Inc. | +70,000 | 1,377,000 | $19,594,710 | |
| POWI | Power Integrations Inc | +25,000 | 175,000 | $8,960,000 | |
| DOCN | DigitalOcean Holdings, Inc. | +15,000 | 217,000 | $18,614,260 | |
| AAPL | Apple Inc. | +1,900 | 22,300 | $5,659,517 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| RBBN | Ribbon Communications Inc. | −700,000 | 100,000 | $212,000 | |
| NABL | N-able, Inc. | −350,000 | 63,000 | $294,210 | |
| ELVA | Electrovaya Inc. | −290,000 | 1,150,000 | $8,993,000 | |
| GNSS | Genasys Inc. | −280,630 | 419,370 | $763,253 | |
| MRAM | Everspin Technologies Inc. | −200,000 | 600,000 | $5,274,000 | |
| IDN | Intellicheck, Inc. | −155,753 | 819,816 | $5,730,513 | |
| QUIK | QUICKLOGIC Corp | −117,832 | 612,547 | $5,745,690 | |
| OOMA | Ooma Inc | −110,000 | 150,000 | $2,182,500 | |
| CINT | CI&T Inc | −75,000 | 525,000 | $2,661,750 | |
| AVPT | AvePoint, Inc. | −75,000 | 775,000 | $7,370,250 | |
| HSTM | Healthstream Inc | −50,000 | 150,000 | $3,106,500 | |
| FA | First Advantage Corp | −50,000 | 350,000 | $4,116,000 | |
| OUST | Ouster, Inc. | −50,000 | 150,000 | $2,755,500 | |
| VIAV | Viavi Solutions Inc. | −50,000 | 225,000 | $7,488,000 | |
| SPIR | Spire Global, Inc. | −46,249 | 340,000 | $4,277,200 | |
| DSGX | Descartes Systems Group Inc | −40,000 | 145,000 | $10,376,200 | |
| BAND | Bandwidth Inc. | −35,000 | 175,000 | $3,118,500 | |
| FORM | Formfactor Inc | −33,000 | 75,300 | $7,303,347 | |
| KLIC | Kulicke & Soffa Industries Inc | −32,000 | 244,100 | $16,042,252 | |
| FROG | JFrog Ltd | −30,000 | 200,000 | $9,386,000 | |
| LASR | Nlight, Inc. | −30,000 | 185,000 | $10,548,700 | |
| PDFS | Pdf Solutions Inc | −25,000 | 200,000 | $6,542,000 | |
| VICR | Vicor Corp | −25,000 | 220,000 | $35,420,000 | |
| RDWR | Radware Ltd | −25,000 | 650,000 | $17,108,000 | |
| VRNS | Varonis Systems Inc | −20,000 | 463,500 | $9,951,345 | |
| No positions match the current search. | |||||
93 positions ·
$707,982,620 total
· as of Mar 31, 2026
All sectors
Communication Services
Consumer Cyclical
Consumer Defensive
Healthcare
Industrials
Technology
Showing 1–50
of 93 positions by value
· page 1 of 2
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| CLS |
Celestica Inc
Technology
|
Reduced | 209,500 | $59,011,960 | 8.34% | |
| FN |
Fabrinet
Technology
|
Reduced | 100,100 | $52,204,152 | 7.37% | |
| SIMO |
Silicon Motion Technology CORP
Technology
|
Reduced | 367,700 | $41,289,033 | 5.83% | |
| VICR |
Vicor Corp
Technology
|
Reduced | 220,000 | $35,420,000 | 5.00% | |
| PEGA |
Pegasystems Inc
Technology
|
Reduced | 686,600 | $29,221,696 | 4.13% | |
| TSEM |
Tower Semiconductor Ltd
Technology
|
Reduced | 166,000 | $29,129,680 | 4.11% | |
| ARLO |
Arlo Technologies, Inc.
Industrials
|
Added | 1,377,000 | $19,594,710 | 2.77% | |
| DOCN |
DigitalOcean Holdings, Inc.
Technology
|
Added | 217,000 | $18,614,260 | 2.63% | |
| RDWR |
Radware Ltd
Technology
|
Reduced | 650,000 | $17,108,000 | 2.42% | |
| KLIC |
Kulicke & Soffa Industries Inc
Technology
|
Reduced | 244,100 | $16,042,252 | 2.27% | |
| SMCI |
Super Micro Computer, Inc.
Technology
|
Reduced | 699,500 | $15,927,615 | 2.25% | |
| DRS |
Leonardo DRS, Inc.
Industrials
|
Held | 285,000 | $12,688,200 | 1.79% | |
| GOOGL |
Alphabet Inc.
Communication Services
|
Held | 44,100 | $12,681,396 | 1.79% | |
| LASR |
Nlight, Inc.
Technology
|
Reduced | 185,000 | $10,548,700 | 1.49% | |
| DSGX |
Descartes Systems Group Inc
Technology
|
Reduced | 145,000 | $10,376,200 | 1.47% | |
| AMZN |
Amazon Com Inc
Consumer Cyclical
|
Held | 49,400 | $10,288,538 | 1.45% | |
| VRNS |
Varonis Systems Inc
Technology
|
Reduced | 463,500 | $9,951,345 | 1.41% | |
| CEVA |
Ceva Inc
Technology
|
Held | 520,000 | $9,713,600 | 1.37% | |
| MSFT |
Microsoft Corp
Technology
|
Held | 25,800 | $9,550,386 | 1.35% | |
| FROG |
JFrog Ltd
Technology
|
Reduced | 200,000 | $9,386,000 | 1.33% | |
| ELVA |
Electrovaya Inc.
Industrials
|
Reduced | 1,150,000 | $8,993,000 | 1.27% | |
| POWI |
Power Integrations Inc
Technology
|
Added | 175,000 | $8,960,000 | 1.27% | |
| ALKT |
Alkami Technology, Inc.
Technology
|
Held | 500,000 | $7,835,000 | 1.11% | |
| VIAV |
Viavi Solutions Inc.
Technology
|
Reduced | 225,000 | $7,488,000 | 1.06% | |
| VPG |
Vishay Precision Group, Inc.
Technology
|
Reduced | 170,000 | $7,381,400 | 1.04% | |
| AVPT |
AvePoint, Inc.
Technology
|
Reduced | 775,000 | $7,370,250 | 1.04% | |
| FORM |
Formfactor Inc
Technology
|
Reduced | 75,300 | $7,303,347 | 1.03% | |
| MU |
Micron Technology Inc
Technology
|
Reduced | 21,500 | $7,263,560 | 1.03% | |
| HLIT |
Harmonic Inc.
Technology
|
Held | 785,000 | $7,049,300 | 1.00% | |
| VECO |
Veeco Instruments Inc
Technology
|
Held | 200,000 | $6,772,000 | 0.96% | |
| RDVT |
Red Violet, Inc.
Technology
|
Reduced | 190,208 | $6,581,196 | 0.93% | |
| AIP |
Arteris, Inc.
Technology
|
Held | 400,000 | $6,576,000 | 0.93% | |
| PDFS |
Pdf Solutions Inc
Technology
|
Reduced | 200,000 | $6,542,000 | 0.92% | |
| CLMB |
Climb Global Solutions, Inc.
Technology
|
Added | 296,836 | $5,883,289 | 0.83% | |
| QUIK |
QUICKLOGIC Corp
Technology
|
Reduced | 612,547 | $5,745,690 | 0.81% | |
| IDN |
Intellicheck, Inc.
Technology
|
Reduced | 819,816 | $5,730,513 | 0.81% | |
| SLAB |
Silicon Laboratories Inc.
Technology
|
Held | 27,500 | $5,724,125 | 0.81% | |
| AAPL |
Apple Inc.
Technology
|
Added | 22,300 | $5,659,517 | 0.80% | |
| PLUS |
Eplus Inc
Technology
|
Held | 75,000 | $5,643,750 | 0.80% | |
| FIVN |
Five9, Inc.
Technology
|
Held | 362,000 | $5,491,540 | 0.78% | |
| VSH |
Vishay Intertechnology Inc
Technology
|
NEW | 300,000 | $5,400,000 | 0.76% | |
| MRAM |
Everspin Technologies Inc.
Technology
|
Reduced | 600,000 | $5,274,000 | 0.74% | |
| QLYS |
Qualys, Inc.
Technology
|
Reduced | 55,000 | $4,831,750 | 0.68% | |
| DGII |
Digi International Inc
Technology
|
Reduced | 100,000 | $4,820,000 | 0.68% | |
| CTS |
Cts Corp
Technology
|
Reduced | 100,000 | $4,776,000 | 0.67% | |
| CCOI |
Cogent Communications Holdings, Inc.
Communication Services
|
Held | 242,600 | $4,570,584 | 0.65% | |
| TER |
Teradyne, Inc
Technology
|
Reduced | 15,000 | $4,446,900 | 0.63% | |
| MLAB |
Mesa Laboratories Inc /Co/
Technology
|
Held | 50,000 | $4,421,000 | 0.62% | |
| SPIR |
Spire Global, Inc.
Industrials
|
Reduced | 340,000 | $4,277,200 | 0.60% | |
| KOPN |
Kopin Corp
Technology
|
Held | 1,900,000 | $4,275,000 | 0.60% |