Q2 2025 · 13F-HR
HERALD INVESTMENT MANAGEMENT Ltdholdings as filed
Filed 2025-07-22 · accession 0001512022-25-000006
$674.3M
Reported value
94
Positions
2025-06-30
Period end
The Brief · HERALD INVESTMENT MANAGEMENT Ltd · Q2 2025
AI · grounded in 13F
HERALD INVESTMENT MANAGEMENT Ltd established a new position in Celestica Inc CLS valued at $60.9M. The fund also initiated new stakes in Fabrinet FN for $45.5M and Pegasystems Inc PEGA for $38.1M. Additional new positions include Super Micro Computer Inc SMCI and Silicon Motion Technology Corp SIMO.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 15101Q207 | CLS | Celestica Inc | $61.0M | 9.05% | 390,700 | Common | SOLE |
| G3323L100 | FN | Fabrinet | $45.5M | 6.75% | 154,600 | Common | SOLE |
| 705573103 | PEGA | Pegasystems Inc | $38.1M | 5.65% | 703,600 | Common | SOLE |
| 86800U302 | SMCI | Super Micro Computer Inc | $37.0M | 5.48% | 754,500 | Common | SOLE |
| 82706C108 | SIMO | Silicon Motion Technology Corp | $28.9M | 4.28% | 384,906 | Common | SOLE |
| 922280102 | VRNS | Varonis Systems Inc | $22.5M | 3.34% | 443,500 | Common | SOLE |
| 04206A101 | ARLO | Arlo Technologies Inc | $21.6M | 3.21% | 1,277,000 | Common | SOLE |
| M81873107 | RDWR | RADWARE Ltd | $19.8M | 2.94% | 675,000 | Common | SOLE |
| 249906108 | DSGX | Descartes Systems Group Inc/The | $18.8M | 2.79% | 185,000 | Common | SOLE |
| M2682V108 | CYBR | CyberArk Software Ltd | $17.2M | 2.55% | 42,300 | Common | SOLE |
| 52661A108 | DRS | Leonardo DRS Inc | $13.9M | 2.07% | 300,000 | Common | SOLE |
| 053604104 | AVPT | AvePoint Inc | $13.5M | 2.00% | 700,000 | Common | SOLE |
| 594918104 | MSFT | Microsoft Corp | $12.1M | 1.79% | 24,300 | Common | SOLE |
| M6191J100 | FROG | JFrog Ltd | $11.0M | 1.63% | 250,000 | Common | SOLE |
| 925815102 | VICR | Vicor Corp | $10.4M | 1.55% | 230,000 | Common | SOLE |
| 501242101 | KLIC | Kulicke & Soffa Industries Inc | $10.2M | 1.52% | 296,100 | Common | SOLE |
| 023135106 | AMZN | Amazon.com Inc | $10.2M | 1.51% | 46,400 | Common | SOLE |
| 19239V302 | CCOI | Cogent Communications Holdings Inc | $10.0M | 1.48% | 207,600 | Common | SOLE |
| 75704L104 | RDVT | Red Violet Inc | $9.8M | 1.46% | 200,000 | Common | SOLE |
| 74758T303 | QLYS | Qualys Inc | $9.3M | 1.38% | 65,000 | Common | SOLE |
| 02079K305 | GOOGL | Alphabet Inc | $8.8M | 1.31% | 50,200 | Common | SOLE |
| 157210105 | CEVA | Ceva Inc | $8.8M | 1.30% | 400,000 | Common | SOLE |
| M87915274 | TSEM | Tower Semiconductor Ltd | $8.6M | 1.27% | 198,000 | Common | SOLE |
| 413160102 | HLIT | Harmonic Inc | $7.4M | 1.10% | 785,000 | Common | SOLE |
| 338307101 | FIVN | Five9 Inc | $6.9M | 1.03% | 262,000 | Common | SOLE |
| 78463M107 | SPSC | SPS Commerce Inc | $6.5M | 0.96% | 47,500 | Common | SOLE |
| 31846B108 | FA | First Advantage Corp | $5.8M | 0.86% | 347,873 | Common | SOLE |
| 01644J108 | ALKT | Alkami Technology Inc | $5.4M | 0.80% | 180,000 | Common | SOLE |
| 45817G201 | IDN | Intellicheck Inc | $5.3M | 0.79% | 1,000,000 | Common | SOLE |
| 42222N103 | HSTM | HealthStream Inc | $5.3M | 0.78% | 190,000 | Common | SOLE |
| 65487K100 | LASR | nLight Inc | $5.1M | 0.76% | 260,000 | Common | SOLE |
| 05368X102 | AVDX | AvidXchange Holdings Inc | $4.9M | 0.73% | 500,000 | Common | SOLE |
| 22207T101 | BASE | Couchbase Inc | $4.9M | 0.72% | 200,000 | Common | SOLE |
| 68989M202 | OUST | Ouster Inc | $4.8M | 0.72% | 200,000 | Common | SOLE |
| 946760105 | CLMB | Climb Global Solutions Inc | $4.8M | 0.71% | 45,000 | Common | SOLE |
| M84137104 | SMWB | SimilarWeb Ltd | $4.7M | 0.70% | 600,000 | Common | SOLE |
| 848560306 | SPIR | Spire Global Inc | $4.6M | 0.68% | 386,249 | Common | SOLE |
| 74837P405 | QUIK | QuickLogic Corp | $4.5M | 0.66% | 730,379 | Common | SOLE |
| 595112103 | MU | Micron Technology Inc | $4.4M | 0.66% | 36,000 | Common | SOLE |
| 007903107 | AMD | Advanced Micro Devices Inc | $4.4M | 0.65% | 30,920 | Common | SOLE |
| 28617B606 | ELVA | Electrovaya Inc | $4.3M | 0.64% | 1,265,000 | Common | SOLE |
| 693282105 | PDFS | PDF Solutions Inc | $4.3M | 0.63% | 200,000 | Common | SOLE |
| 30041T104 | MRAM | Everspin Technologies Inc | $4.2M | 0.63% | 675,000 | Common | SOLE |
| 92835K103 | VPG | Vishay Precision Group Inc | $4.2M | 0.62% | 150,000 | Common | SOLE |
| 037833100 | AAPL | Apple Inc | $4.2M | 0.62% | 20,400 | Common | SOLE |
| 346375108 | FORM | FormFactor Inc | $4.1M | 0.60% | 118,300 | Common | SOLE |
| 922417100 | VECO | Veeco Instruments Inc | $4.1M | 0.60% | 200,000 | Common | SOLE |
| 353469109 | FC | Franklin Covey Co | $4.0M | 0.59% | 175,000 | Common | SOLE |
| 92538J106 | VERX | Vertex Inc | $3.9M | 0.58% | 110,000 | Common | SOLE |
| 05366Y201 | AVNW | Aviat Networks Inc | $3.7M | 0.55% | 155,000 | Common | SOLE |
| M81865111 | RDCM | RADCOM Ltd | $3.7M | 0.55% | 275,000 | Common | SOLE |
| 762544104 | RBBN | Ribbon Communications Inc | $3.7M | 0.54% | 912,869 | Common | SOLE |
| 25400W102 | APPS | Digital Turbine Inc | $3.5M | 0.52% | 600,000 | Common | SOLE |
| 311642102 | FARO | FARO Technologies Inc | $3.5M | 0.52% | 80,000 | Common | SOLE |
| 683416101 | OOMA | Ooma Inc | $3.4M | 0.50% | 260,000 | Common | SOLE |
| 62878D100 | NABL | N-Able Inc | $3.3M | 0.50% | 413,000 | Common | SOLE |
| 05988J103 | BAND | Bandwidth Inc | $3.3M | 0.50% | 210,000 | Common | SOLE |
| 68287N100 | OSPN | Onespan Inc | $3.3M | 0.49% | 200,000 | Common | SOLE |
| 76674Q107 | RMNI | Rimini Street Inc | $3.2M | 0.48% | 850,000 | Common | SOLE |
| 08975P108 | CMRC | BigCommerce Holdings Inc | $3.1M | 0.46% | 625,000 | Common | SOLE |
| 077347300 | BELFB | Bel Fuse Inc | $2.9M | 0.43% | 30,000 | Common | SOLE |
| 04302A104 | AIP | Arteris Inc | $2.9M | 0.42% | 300,000 | Common | SOLE |
| 50155Q100 | KD | Kyndryl Holdings Inc | $2.8M | 0.42% | 67,000 | Common | SOLE |
| 253798102 | DGII | Digi International Inc | $2.8M | 0.41% | 80,000 | Common | SOLE |
| 268150109 | DT | Dynatrace Inc | $2.8M | 0.41% | 50,000 | Common | SOLE |
| G21307106 | CINT | CI&T Inc | $2.7M | 0.40% | 450,000 | Common | SOLE |
| 46122W303 | INUV | Inuvo Inc | $2.7M | 0.39% | 577,500 | Common | SOLE |
| 516548203 | LTRX | Lantronix Inc | $2.6M | 0.38% | 900,000 | Common | SOLE |
| M9607U115 | VLN | Valens Semiconductor Ltd | $2.5M | 0.37% | 950,000 | Common | SOLE |
| 500600101 | KOPN | Kopin Corp | $2.3M | 0.35% | 1,535,000 | Common | SOLE |
| 040413205 | ANET | Arista Networks Inc | $2.3M | 0.34% | 22,700 | Common | SOLE |
| 87876P201 | TGEN | Tecogen Inc/Waltham MA | $2.2M | 0.33% | 321,078 | Common | SOLE |
| 739276103 | POWI | Power Integrations Inc | $2.1M | 0.31% | 38,000 | Common | SOLE |
| 90364P105 | PATH | UiPath Inc | $2.1M | 0.31% | 161,280 | Common | SOLE |
| 43289P106 | HIMX | Himax Technologies Inc | $2.1M | 0.30% | 230,000 | Common | SOLE |
| 162825103 | — | Check Point Software Technologies Ltd | $2.0M | 0.30% | 9,200 | Common | SOLE |
| 98980L101 | ZNGA | Zoom Communications Inc | $2.0M | 0.30% | 25,910 | Common | SOLE |
| 042735100 | ARW | Arrow Electronics Inc | $1.9M | 0.29% | 15,200 | Common | SOLE |
| M84116108 | SILC | Silicom Ltd | $1.9M | 0.28% | 125,000 | Common | SOLE |
| 880770102 | TER | Teradyne Inc | $1.9M | 0.27% | 20,600 | Common | SOLE |
| 00486H105 | ADTN | ADTRAN Holdings Inc | $1.8M | 0.27% | 200,000 | Common | SOLE |
| 346563109 | FORR | Forrester Research Inc | $1.5M | 0.22% | 150,000 | Common | SOLE |
| 55380K109 | MPTI | M-Tron Industries Inc | $1.5M | 0.22% | 35,000 | Common | SOLE |
| 358054104 | FRSH | Freshworks Inc | $1.3M | 0.20% | 90,000 | Common | SOLE |
| 36872P103 | GNSS | Genasys Inc | $1.3M | 0.19% | 750,000 | Common | SOLE |
| 514051013 | — | Freightos Ltd | $1.2M | 0.18% | 500,000 | Common | SOLE |
| 59064R109 | MLAB | Mesa Laboratories Inc | $1.2M | 0.17% | 12,500 | Common | SOLE |
| 46520M204 | ACCS | Issuer Direct Corp | $1.1M | 0.16% | 90,000 | Common | SOLE |
| 882508104 | TXN | Texas Instruments Inc | $850,791 | 0.13% | 4,100 | Common | SOLE |
| 05453N100 | AWRE | Aware Inc/MA | $808,400 | 0.12% | 430,000 | Common | SOLE |
| 127387108 | CDNS | Cadence Design Systems Inc | $769,900 | 0.11% | 2,500 | Common | SOLE |
| 89854H102 | TTEC | TTEC Holdings Inc | $673,400 | 0.10% | 140,000 | Common | SOLE |
| 077347201 | BELFA | Bel Fuse Inc | $669,825 | 0.10% | 7,500 | Common | SOLE |
| 458140100 | INTC | Intel Corp | $425,220 | 0.06% | 19,000 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.