Herald Investment Management Ltd
13F Reported Value
ⓘ$717.6M
Holdings
97
Latest Filing
2026-03-31
Filing Quarter
Q1 2026
Portfolio Overview
Herald Investment Management Ltd disclosed 97 positions worth $717.6M in its Form 13F-HR for Q1 2026, led by $CLS (CELESTICA INC) at 8.2% of the equity portfolio, followed by $FN and $SIMO. During the quarter the fund opened 2 new positions and exited 3 — including a new stake in $VSH and a full exit from $WK. The portfolio is most concentrated in Technology (92.7% of disclosed assets). All figures are sourced directly from Herald Investment Management Ltd’s Form 13F-HR filing with the SEC under CIK 1512022.
AI Fund Analysis
ConcentratingSector Allocation
AUM History
Top Equity Holdings by Value
Quarterly Activity — Q1 2026
Click any card to unlockTop Holdings
- 69.0#387
Quality
$58.9M209,500 sh - 72.4#227
Quality
$52.2M100,100 sh - —
Quality
$41.3M367,700 sh - 63.6
Quality
$35.4M220,000 sh - 69.6
Quality
$29.2M686,600 sh - —
Quality
$29.1M166,000 sh - 57.2
Quality
$19.6M1,377,000 sh - 73.7
Quality
$18.6M217,000 sh - —
Quality
$17.1M650,000 sh - 39.8
Quality
$16.0M244,100 sh
| Company | Quality | Value | Shares |
|---|---|---|---|
 CELESTICA INC$CLS | 69.0#387 | $58.9M | 209,500 |
 Fabrinet$FN | 72.4#227 | $52.2M | 100,100 |
 Silicon Motion Technology CORP$SIMO | — | $41.3M | 367,700 |
 VICOR CORP$VICR | 63.6 | $35.4M | 220,000 |
 PEGASYSTEMS INC$PEGA | 69.6 | $29.2M | 686,600 |
 TOWER SEMICONDUCTOR LTD$TSEM | — | $29.1M | 166,000 |
 Arlo Technologies, Inc.$ARLO | 57.2 | $19.6M | 1,377,000 |
 DigitalOcean Holdings, Inc.$DOCN | 73.7 | $18.6M | 217,000 |
 RADWARE LTD$RDWR | — | $17.1M | 650,000 |
 KULICKE & SOFFA INDUSTRIES INC$KLIC | 39.8 | $16.0M | 244,100 |
Unlock AI quality scores for every holding
32-signal composite ranking on each of Herald Investment Management Ltd's 97 positions.
Showing top 10 of 97 holdings.
Sector Allocation
Technology
$664.9M
Industrials
$31.8M
Consumer Discretionary
$10.3M
Communication Services
$8.8M
Financials
$1.7M
Other
$115,500
Full Holdings — Herald Investment Management Ltd (Q1 2026)
All 97 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.
| # | Ticker | Company | Value | Weight | QoQ | Quality |
|---|---|---|---|---|---|---|
| 1 | $CLS | CELESTICA INC | $58.9M | 8.2% | -9% | 69 |
| 2 | $FN | Fabrinet | $52.2M | 7.3% | -7% | 72.4 |
| 3 | $SIMO | Silicon Motion Technology CORP | $41.3M | 5.8% | -4% | — |
| 4 | $VICR | VICOR CORP | $35.4M | 4.9% | -10% | 63.6 |
| 5 | $PEGA | PEGASYSTEMS INC | $29.2M | 4.1% | -2% | 69.6 |
| 6 | $TSEM | TOWER SEMICONDUCTOR LTD | $29.1M | 4.1% | -8% | — |
| 7 | $ARLO | Arlo Technologies, Inc. | $19.6M | 2.7% | +5% | 57.2 |
| 8 | $DOCN | DigitalOcean Holdings, Inc. | $18.6M | 2.6% | +7% | 73.7 |
| 9 | $RDWR | RADWARE LTD | $17.1M | 2.4% | -4% | — |
| 10 | $KLIC | KULICKE & SOFFA INDUSTRIES INC | $16.0M | 2.2% | -12% | 39.8 |
| 11 |  $SMCI | Super Micro Computer, Inc. | $15.9M | 2.2% | -1% | 61.9 |
| 12 |  $DRS | Leonardo DRS, Inc. | $12.7M | 1.8% | +0% | 63.8 |
| 13 |  $GOOG | Alphabet Inc. | $12.7M | 1.8% | +0% | 80.2 |
| 14 |  $LASR | NLIGHT, INC. | $10.5M | 1.5% | -14% | 41.3 |
| 15 |  $DSGX | DESCARTES SYSTEMS GROUP INC | $10.4M | 1.4% | -22% | — |
| 16 |  $AMZN | AMAZON COM INC | $10.3M | 1.4% | +0% | 74.6 |
| 17 |  $VRNS | VARONIS SYSTEMS INC | $10.0M | 1.4% | -4% | 44.5 |
| 18 |  $CEVA | CEVA INC | $9.7M | 1.4% | +0% | 26.2 |
| 19 |  $MSFT | MICROSOFT CORP | $9.5M | 1.3% | +0% | 83.7 |
| 20 |  $FROG | JFrog Ltd | $9.4M | 1.3% | -13% | — |
| 21 |  $ELVA | Electrovaya Inc. | $9.0M | 1.3% | -20% | — |
| 22 |  $POWI | POWER INTEGRATIONS INC | $9.0M | 1.3% | +17% | 42.2 |
| 23 |  $ALKT | ALKAMI TECHNOLOGY, INC. | $7.8M | 1.1% | +0% | 46.1 |
| 24 |  $VIAV | VIAVI SOLUTIONS INC. | $7.5M | 1.0% | -18% | 42.9 |
| 25 |  $VPG | Vishay Precision Group, Inc. | $7.4M | 1.0% | -11% | 33 |
| 26 |  $AVPT | AvePoint, Inc. | $7.4M | 1.0% | -9% | 63.4 |
| 27 |  $FORM | FORMFACTOR INC | $7.3M | 1.0% | -30% | 54 |
| 28 |  $MU | MICRON TECHNOLOGY INC | $7.3M | 1.0% | -36% | 88.4 |
| 29 |  $HLIT | HARMONIC INC. | $7.0M | 1.0% | +0% | 53 |
| 30 |  $VECO | VEECO INSTRUMENTS INC | $6.8M | 0.9% | +0% | 40.7 |
| 31 |  $AIP | Arteris, Inc. | $6.6M | 0.9% | +0% | 29.5 |
| 32 |  $RDVT | Red Violet, Inc. | $6.6M | 0.9% | -5% | 64.9 |
| 33 |  $PDFS | PDF SOLUTIONS INC | $6.5M | 0.9% | -11% | 46.6 |
| 34 |  $BELFA | BEL FUSE INC /NJ | $5.9M | 0.8% | +0% | 60.7 |
| 35 |  $CLMB | Climb Global Solutions, Inc. | $5.9M | 0.8% | +296% | 62.2 |
| 36 |  $QUIK | QUICKLOGIC Corp | $5.7M | 0.8% | -16% | — |
| 37 |  $SLAB | SILICON LABORATORIES INC. | $5.7M | 0.8% | +0% | 36.6 |
| 38 |  $IDN | Intellicheck, Inc. | $5.7M | 0.8% | -16% | — |
| 39 |  $AAPL | Apple Inc. | $5.7M | 0.8% | +9% | 76.1 |
| 40 |  $PLUS | EPLUS INC | $5.6M | 0.8% | +0% | 56 |
| 41 |  $FIVN | Five9, Inc. | $5.5M | 0.8% | +0% | 58.1 |
| 42 |  $VSH | VISHAY INTERTECHNOLOGY INC | $5.4M | 0.8% | NEW | 35.3 |
| 43 |  $MRAM | EVERSPIN TECHNOLOGIES INC. | $5.2M | 0.7% | -25% | 25.3 |
| 44 |  $QLYS | QUALYS, INC. | $4.8M | 0.7% | -15% | 73.4 |
| 45 |  $DGII | DIGI INTERNATIONAL INC | $4.8M | 0.7% | -17% | 56.3 |
| 46 |  $CTS | CTS CORP | $4.8M | 0.7% | -9% | 58.6 |
| 47 |  $CCOI | COGENT COMMUNICATIONS HOLDINGS, INC. | $4.6M | 0.6% | +0% | 32.2 |
| 48 |  $TER | TERADYNE, INC | $4.4M | 0.6% | -10% | 74.6 |
| 49 |  $MLAB | MESA LABORATORIES INC /CO/ | $4.4M | 0.6% | +0% | 57.9 |
| 50 |  $KOPN | KOPIN CORP | $4.3M | 0.6% | +0% | 29.9 |
| 51 |  $SPIR | Spire Global, Inc. | $4.3M | 0.6% | -12% | 44.8 |
| 52 |  $AMD | ADVANCED MICRO DEVICES INC | $4.2M | 0.6% | +0% | 78.8 |
| 53 |  $FA | FIRST ADVANTAGE CORP | $4.1M | 0.6% | -13% | 55.8 |
| 54 |  $RDCM | RADCOM LTD | $3.9M | 0.6% | +0% | — |
| 55 |  $SPSC | SPS COMMERCE INC | $3.9M | 0.5% | +0% | 68.5 |
| 56 |  $MPTI | M-tron Industries, Inc. | $3.7M | 0.5% | -18% | 62.5 |
| 57 |  $AVNW | AVIAT NETWORKS, INC. | $3.5M | 0.5% | +0% | 45.4 |
| 58 |  $NOVT | NOVANTA INC | $3.4M | 0.5% | -18% | 50.5 |
| 59 |  $CSGS | CSG SYSTEMS INTERNATIONAL INC | $3.3M | 0.5% | +0% | 51.4 |
| 60 |  $RMNI | Rimini Street, Inc. | $3.3M | 0.5% | +0% | 56.6 |
| 61 |  $HIMX | Himax Technologies, Inc. | $3.1M | 0.4% | +0% | — |
| 62 |  $BAND | Bandwidth Inc. | $3.1M | 0.4% | -17% | 44.2 |
| 63 |  $HSTM | HEALTHSTREAM INC | $3.1M | 0.4% | -25% | 56.4 |
| 64 |  $BRZE | Braze, Inc. | $3.0M | 0.4% | +0% | 44.8 |
| 65 |  $OUST | Ouster, Inc. | $2.8M | 0.4% | -25% | 29.5 |
| 66 |  $FC | FRANKLIN COVEY CO | $2.8M | 0.4% | +0% | 33.9 |
| 67 |  $POWL | POWELL INDUSTRIES INC | $2.7M | 0.4% | -50% | 69.5 |
| 68 |  $CINT | CI&T Inc | $2.6M | 0.4% | -13% | — |
| 69 |  $SILC | SILICOM LTD. | $2.6M | 0.4% | -1% | — |
| 70 |  $ADTN | ADTRAN Holdings, Inc. | $2.5M | 0.3% | +0% | 41.6 |
| 71 |  $VERX | Vertex, Inc. | $2.4M | 0.3% | +0% | 49.8 |
| 72 |  $SLP | Simulations Plus, Inc. | $2.4M | 0.3% | +0% | 37.4 |
| 73 |  $ALNT | ALLIENT INC | $2.4M | 0.3% | +0% | 45.5 |
| 74 |  $ANET | Arista Networks, Inc. | $2.3M | 0.3% | +0% | 86 |
| 75 |  $PATH | UiPath, Inc. | $2.2M | 0.3% | +0% | 67.7 |
| 76 |  $OOMA | OOMA INC | $2.2M | 0.3% | -42% | 51.1 |
| 77 |  $ARW | ARROW ELECTRONICS, INC. | $2.2M | 0.3% | +0% | 51.4 |
| 78 |  $ZM | Zoom Communications, Inc. | $2.1M | 0.3% | +0% | 72.4 |
| 79 |  $AVT | AVNET INC | $2.0M | 0.3% | NEW | 49.2 |
| 80 |  $CMRC | Commerce.com, Inc. | $1.9M | 0.3% | +0% | 43.7 |
| 81 |  $DT | Dynatrace, Inc. | $1.8M | 0.3% | +0% | 77.6 |
| 82 |  $APPS | Digital Turbine, Inc. | $1.7M | 0.2% | -2% | 37.2 |
| 83 |  $SMWB | SIMILARWEB LTD. | $1.7M | 0.2% | +0% | — |
| 84 |  $FRSH | Freshworks Inc. | $1.5M | 0.2% | +0% | 55.5 |
| 85 |  $CHKP | CHECK POINT SOFTWARE TECHNOLOGIES LTD | $1.3M | 0.2% | +0% | — |
| 86 |  $TGEN | TECOGEN INC. | $1.1M | 0.1% | +0% | 24.3 |
| 87 |  $VLN | Valens Semiconductor Ltd. | $1.1M | 0.1% | +0% | — |
| 88 |  $KD | Kyndryl Holdings, Inc. | $1.0M | 0.1% | +0% | 46 |
| 89 | $BELFA | BEL FUSE INC /NJ | $898,350 | 0.1% | -33% | 60.7 |
| 90 |  $INTC | INTEL CORP | $838,280 | 0.1% | +0% | 41.5 |
| 91 |  $CRGO | Freightos Ltd | $815,000 | 0.1% | +0% | — |
| 92 |  $TXN | TEXAS INSTRUMENTS INC | $795,810 | 0.1% | +0% | 70.4 |
| 93 |  $GNSS | Genasys Inc. | $763,253 | 0.1% | -40% | 34.3 |
| 94 |  $AWRE | AWARE INC /MA/ | $537,500 | 0.1% | +0% | — |
| 95 |  $NABL | N-able, Inc. | $294,210 | 0.0% | -85% | 45.1 |
| 96 |  $RBBN | Ribbon Communications Inc. | $212,000 | 0.0% | -88% | 28 |
| 97 | — | M-Tron Industries Inc | $115,500 | 0.0% | -18% | — |
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