HERALD INVESTMENT MANAGEMENT Ltd

LONDON, X0 · CIK 1512022 · 13F filing filed 2026-07-23

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

Others nearbyLondon

$737.3m reported value +2.7% vs Q1 2026

92positions

35.2%in top 10

0 new 7 added 54 reduced 5 sold out vs Q1 2026

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	SILICON MOTION TECHNOLOGY CO SPONSORED ADR SIMO	SIMO	147,700	$49.2m6.67%	6.67%	Reduced -220.0k	-220,000 -59.8%
2	CELESTICA INC COM CLS	CLS	82,550	$30.1m4.08%	4.08%	Reduced -127.0k	-126,950 -60.6%
3	VICOR CORP COM VICR	VICR	77,100	$29.3m3.97%	3.97%	Reduced -142.9k	-142,900 -65.0%
4	TOWER SEMICONDUCTOR LTD SHS NEW TSEM	TSEM	99,000	$25.8m3.50%	3.50%	Reduced -67.0k	-67,000 -40.4%
5	KULICKE & SOFFA INDS INC COM KLIC	KLIC	176,600	$23.6m3.20%	3.20%	Reduced -67.5k	-67,500 -27.6%
6	FABRINET SHS FN	FN	41,600	$23.4m3.17%	3.17%	Reduced -58.5k	-58,500 -58.4%
7	DIGITALOCEAN HLDGS INC COM DOCN	DOCN	147,500	$23.2m3.14%	3.14%	Reduced -69.5k	-69,500 -32.0%
8	MICRON TECHNOLOGY INC COM MU	MU	18,100	$20.8m2.82%	2.82%	Reduced -3.4k	-3,400 -15.8%
9	CEVA INC COM CEVA	CEVA	369,363	$17.4m2.36%	2.36%	Reduced -150.6k	-150,637 -29.0%
10	PEGASYSTEMS INC COM PEGA	PEGA	554,450	$16.6m2.25%	2.25%	Reduced -132.2k	-132,150 -19.2%
11	RED VIOLET INC COM RDVT	RDVT	254,250	$16.2m2.20%	2.20%	Added +64.0k	+64,042 33.7%
12	VARONIS SYS INC COM VRNS	VRNS	380,834	$16.0m2.17%	2.17%	Reduced -82.7k	-82,666 -17.8%
13	ALPHABET INC CAP STK CL A GOOGL	GOOGL	44,100	$15.7m2.14%	2.14%	Unchanged
14	ARLO TECHNOLOGIES INC COM ARLO	ARLO	1,134,325	$15.3m2.07%	2.07%	Reduced -242.7k	-242,675 -17.6%
15	ARTERIS INC COM AIP	AIP	296,800	$14.4m1.95%	1.95%	Reduced -103.2k	-103,200 -25.8%
16	RADWARE LTD ORD RDWR	RDWR	456,817	$14.1m1.91%	1.91%	Reduced -193.2k	-193,183 -29.7%
17	JFROG LTD ORD SHS FROG	FROG	153,550	$14.0m1.89%	1.89%	Reduced -46.5k	-46,450 -23.2%
18	VISHAY PRECISION GROUP INC COM VPG	VPG	83,750	$12.5m1.70%	1.70%	Reduced -86.2k	-86,250 -50.7%
19	SUPER MICRO COMPUTER INC COM NEW SMCI	SMCI	421,600	$12.4m1.68%	1.68%	Reduced -277.9k	-277,900 -39.7%
20	AMAZON COM INC COM AMZN	AMZN	49,400	$11.8m1.60%	1.60%	Unchanged
21	ADVANCED MICRO DEVICES INC COM AMD	AMD	18,820	$10.9m1.48%	1.48%	Reduced -1.9k	-1,900 -9.2%
22	VISHAY INTERTECHNOLOGY INC COM VSH	VSH	180,475	$9.7m1.32%	1.32%	Reduced -119.5k	-119,525 -39.8%
23	MICROSOFT CORP COM MSFT	MSFT	25,800	$9.6m1.30%	1.30%	Unchanged
24	LEONARDO DRS INC COM DRS	DRS	219,500	$9.4m1.27%	1.27%	Reduced -65.5k	-65,500 -23.0%
25	PDF SOLUTIONS INC COM PDFS	PDFS	119,667	$8.5m1.15%	1.15%	Reduced -80.3k	-80,333 -40.2%
26	NLIGHT INC COM LASR	LASR	121,500	$8.5m1.15%	1.15%	Reduced -63.5k	-63,500 -34.3%
27	POWER INTEGRATIONS INC COM POWI	POWI	100,384	$8.4m1.14%	1.14%	Reduced -74.6k	-74,616 -42.6%
28	BANDWIDTH INC COM CL A BAND	BAND	124,000	$7.8m1.06%	1.06%	Reduced -51.0k	-51,000 -29.1%
29	FIVE9 INC COM FIVN	FIVN	354,500	$7.6m1.02%	1.02%	Reduced -7.5k	-7,500 -2.1%
30	DESCARTES SYS GROUP INC COM DSGX	DSGX	108,000	$7.5m1.01%	1.01%	Reduced -37.0k	-37,000 -25.5%
31	ELECTROVAYA INC COM NEW ELVA	ELVA	704,500	$7.4m1.00%	1.00%	Reduced -445.5k	-445,500 -38.7%
32	TERADYNE INC COM TER	TER	15,000	$7.2m0.98%	0.98%	Unchanged
33	ALKAMI TECHNOLOGY INC COM ALKT	ALKT	400,000	$7.2m0.98%	0.98%	Reduced -100.0k	-100,000 -20.0%
34	OUSTER INC COM NEW OUST	OUST	114,500	$7.2m0.97%	0.97%	Reduced -35.5k	-35,500 -23.7%
35	DIGITAL TURBINE INC COM NEW APPS	APPS	550,329	$7.1m0.96%	0.96%	Reduced -37.5k	-37,500 -6.4%
36	APPLE INC COM AAPL	AAPL	24,500	$7.1m0.96%	0.96%	Added +2.2k	+2,200 9.9%
37	QUALYS INC COM QLYS	QLYS	47,500	$6.5m0.88%	0.88%	Reduced -7.5k	-7,500 -13.6%
38	AVEPOINT INC COM CL A AVPT	AVPT	575,250	$6.4m0.87%	0.87%	Reduced -199.8k	-199,750 -25.8%
39	VIAVI SOLUTIONS INC COM VIAV	VIAV	128,167	$6.1m0.83%	0.83%	Reduced -96.8k	-96,833 -43.0%
40	FORMFACTOR INC COM FORM	FORM	37,650	$6.0m0.82%	0.82%	Reduced -37.6k	-37,650 -50.0%
41	BEL FUSE INC CL B BELFB	BELFB	17,950	$6.0m0.81%	0.81%	Reduced -12.1k	-12,050 -40.2%
42	EVERSPIN TECHNOLOGIES INC COM MRAM	MRAM	241,750	$5.8m0.79%	0.79%	Reduced -358.2k	-358,250 -59.7%
43	M-TRON INDS INC COM MPTI	MPTI	58,500	$5.8m0.79%	0.79%	Added +3.5k	+3,500 6.4%
44	FIRST ADVANTAGE CORP NEW COM FA	FA	312,500	$5.6m0.76%	0.76%	Reduced -37.5k	-37,500 -10.7%
45	EPLUS INC COM PLUS	PLUS	67,500	$5.6m0.76%	0.76%	Reduced -7.5k	-7,500 -10.0%
46	KOPIN CORP COM KOPN	KOPN	1,247,500	$5.6m0.76%	0.76%	Reduced -652.5k	-652,500 -34.3%
47	DIGI INTL INC COM DGII	DGII	74,500	$5.6m0.76%	0.76%	Reduced -25.5k	-25,500 -25.5%
48	VEECO INSTRS INC DEL COM VECO	VECO	69,500	$5.3m0.71%	0.71%	Reduced -130.5k	-130,500 -65.2%
49	QUICKLOGIC CORP COM NEW QUIK	QUIK	261,500	$5.2m0.71%	0.71%	Reduced -351.0k	-351,047 -57.3%
50	CLIMB GLOBAL SOLUTIONS INC COM CLMB	CLMB	221,836	$5.1m0.70%	0.70%	Reduced -75.0k	-75,000 -25.3%
51	CTS CORP COM CTS	CTS	72,500	$4.7m0.64%	0.64%	Reduced -27.5k	-27,500 -27.5%
52	SPIRE GLOBAL INC COM CL A NEW SPIR	SPIR	253,000	$4.7m0.64%	0.64%	Reduced -87.0k	-87,000 -25.6%
53	NOVANTA INC COM NOVT	NOVT	28,780	$4.7m0.63%	0.63%	Unchanged
54	RADCOM LTD SHS NEW RDCM	RDCM	325,000	$4.6m0.62%	0.62%	Unchanged
55	SILICOM LTD ORD SILC	SILC	95,800	$4.5m0.61%	0.61%	Reduced -27.5k	-27,500 -22.3%
56	HARMONIC INC COM HLIT	HLIT	267,000	$4.4m0.59%	0.59%	Reduced -518.0k	-518,000 -66.0%
57	POWELL INDS INC COM POWL	POWL	15,000	$4.3m0.58%	0.58%	Unchanged
58	FRANKLIN COVEY CO COM FC	FC	175,000	$4.3m0.58%	0.58%	Unchanged
59	MESA LABS INC COM MLAB	MLAB	42,500	$4.2m0.57%	0.57%	Reduced -7.5k	-7,500 -15.0%
60	ALLIENT INC COM ALNT	ALNT	40,000	$4.1m0.56%	0.56%	Unchanged
61	HEALTHSTREAM INC COM HSTM	HSTM	150,000	$4.1m0.55%	0.55%	Unchanged
62	SPS COMM INC COM SPSC	SPSC	70,000	$4.0m0.54%	0.54%	Unchanged
63	SIMILARWEB LTD SHS SMWB	SMWB	645,465	$4.0m0.54%	0.54%	Unchanged
64	HIMAX TECHNOLOGIES INC SPONSORED ADR HIMX	HIMX	252,000	$3.9m0.52%	0.52%	Reduced -148.0k	-148,000 -37.0%
65	SIMULATIONS PLUS INC COM COM		200,000	$3.7m0.50%	0.50%	Unchanged
66	VERTEX INC CL A VERX	VERX	300,000	$3.4m0.47%	0.47%	Added +100.0k	+100,000 50.0%
67	COGENT COMMUNICATIONS HLDGS COM NEW CCOI	CCOI	242,600	$3.4m0.46%	0.46%	Unchanged
68	CI&T INC COM CL A CINT	CINT	1,000,000	$3.3m0.44%	0.44%	Added +475.0k	+475,000 90.5%
69	ARROW ELECTRS INC COM ARW	ARW	15,200	$3.2m0.44%	0.44%	Unchanged
70	UIPATH INC CL A PATH	PATH	296,280	$3.2m0.44%	0.44%	Added +94.0k	+94,000 46.5%
71	ARISTA NETWORKS INC COM SHS ANET	ANET	18,700	$3.2m0.43%	0.43%	Unchanged
72	BIGCOMMERCE HLDGS INC COM SER 1 CMRC	CMRC	1,060,000	$3.1m0.43%	0.43%	Added +360.0k	+360,000 51.4%
73	AVNET INC COM AVT	AVT	33,000	$2.9m0.40%	0.40%	Unchanged
74	OOMA INC COM OOMA	OOMA	150,000	$2.9m0.39%	0.39%	Unchanged
75	ADTRAN HOLDINGS INC COM ADTN	ADTN	200,000	$2.8m0.38%	0.38%	Unchanged
76	SILICON LABORATORIES INC COM SLAB	SLAB	12,500	$2.7m0.37%	0.37%	Reduced -15.0k	-15,000 -54.5%
77	BRAZE INC COM CL A BRZE	BRZE	125,000	$2.7m0.37%	0.37%	Unchanged
78	INTEL CORP COM INTC	INTC	19,000	$2.7m0.36%	0.36%	Unchanged
79	ZOOM COMMUNICATIONS INC CL A ZM	ZM	25,910	$2.2m0.30%	0.30%	Unchanged
80	DYNATRACE INC COM NEW DT	DT	50,000	$2.2m0.30%	0.30%	Unchanged
81	TECOGEN INC NEW COM NEW TGEN	TGEN	420,000	$2.2m0.30%	0.30%	Unchanged
82	VALENS SEMICONDUCTOR LTD ORDINARY SHARES VLN	VLN	950,000	$2.1m0.29%	0.29%	Unchanged
83	FRESHWORKS INC CLASS A COM FRSH	FRSH	190,000	$1.9m0.26%	0.26%	Unchanged
84	RIMINI STR INC DEL COM RMNI	RMNI	350,000	$1.5m0.20%	0.20%	Reduced -650.0k	-650,000 -65.0%
85	BEL FUSE INC CL A BELFA	BELFA	5,000	$1.5m0.20%	0.20%	Unchanged
86	INTELLICHECK INC COM NEW IDN	IDN	300,000	$1.2m0.17%	0.17%	Reduced -519.8k	-519,816 -63.4%
87	TEXAS INSTRS INC COM TXN	TXN	4,100	$1.2m0.17%	0.17%	Unchanged
88	Check Point Software Technologies Ltd COM COM		9,200	$1.2m0.16%	0.16%	Unchanged
89	AVIAT NETWORKS INC COM NEW AVNW	AVNW	53,000	$1.2m0.16%	0.16%	Reduced -102.0k	-102,000 -65.8%
90	KYNDRYL HLDGS INC COMMON STOCK KD	KD	80,000	$904.8k0.12%	0.12%	Unchanged
91	Freightos Ltd COM COM		500,000	$735.0k0.10%	0.10%	Unchanged
92	AWARE INC MASS COM AWRE	AWRE	234,058	$311.3k0.04%	0.04%	Reduced -195.9k	-195,942 -45.6%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
CSG SYS INTL INC		41,240	$3.3m41.2k shares
GENASYS INC GNSS	GNSS	419,370	$763.3k419.4k shares
N-ABLE INC NABL	NABL	63,000	$294.2k63.0k shares
RIBBON COMMUNICATIONS INC RBBN	RBBN	100,000	$212.0k100.0k shares
M-TRON INDS INC		55,000	$115.5k55.0k shares