HERALD INVESTMENT MANAGEMENT Ltd — 13F Holdings & Portfolio
CIK 1512022 · latest 13F-HR filed 2026-05-13
HERALD INVESTMENT MANAGEMENT Ltd manages $717.6M in 13F-reported U.S. long-equity assets across 97 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are CLS (8.21%), FN (7.27%), SIMO (5.75%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 3 new positions, exited 3, added to 29, and trimmed 56.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
$717.6M
Long-equity book
97
Distinct positions
2026-03-31
Filed 2026-05-13
+3 / −3 / ↑29 / ↓56
vs 2025-12-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- DigitalOcean Holdings Inc$8.9M +91.6%
- Vicor Corp$8.5M +31.8%
- Tower Semiconductor Ltd$8.0M +38.1%
- Silicon Motion Technology Corp$5.7M +15.9%
- Power Integrations Inc$3.6M +68.1%
Top Trims
- Pegasystems Inc-$12.8M -30.4%
- Celestica Inc-$8.9M -13.2%
- Varonis Systems Inc-$5.9M -37.2%
- Descartes Systems Group Inc/The-$5.8M -36.0%
- JFrog Ltd-$4.9M -34.5%
New Positions
- Vishay Intertechnology Inc$5.4M
- Avnet Inc$2.0M
- M-Tron Industries Inc$115.5K
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | Celestica Inc | CLS | 15101Q207 | $58.9M | 8.21% | 209,500 | SH |
| 2 | Fabrinet | FN | G3323L100 | $52.2M | 7.27% | 100,100 | SH |
| 3 | Silicon Motion Technology Corp | SIMO | 82706C108 | $41.3M | 5.75% | 367,700 | SH |
| 4 | Vicor Corp | VICR | 925815102 | $35.4M | 4.93% | 220,000 | SH |
| 5 | Pegasystems Inc | PEGA | 705573103 | $29.2M | 4.07% | 686,600 | SH |
| 6 | Tower Semiconductor Ltd | TSEM | M87915274 | $29.1M | 4.06% | 166,000 | SH |
| 7 | Arlo Technologies Inc | ARLO | 04206A101 | $19.6M | 2.73% | 1,377,000 | SH |
| 8 | DigitalOcean Holdings Inc | DOCN | 25402D102 | $18.6M | 2.59% | 217,000 | SH |
| 9 | RADWARE Ltd | RDWR | M81873107 | $17.1M | 2.38% | 650,000 | SH |
| 10 | Kulicke & Soffa Industries Inc | KLIC | 501242101 | $16.0M | 2.24% | 244,100 | SH |
| 11 | Super Micro Computer Inc | SMCI | 86800U302 | $15.9M | 2.22% | 699,500 | SH |
| 12 | Leonardo DRS Inc | DRS | 52661A108 | $12.7M | 1.77% | 285,000 | SH |
| 13 | Alphabet Inc | GOOGL | 02079K305 | $12.7M | 1.77% | 44,100 | SH |
| 14 | nLight Inc | LASR | 65487K100 | $10.5M | 1.47% | 185,000 | SH |
| 15 | Descartes Systems Group Inc/The | DSGX | 249906108 | $10.4M | 1.44% | 145,000 | SH |
| 16 | Amazon.com Inc | AMZN | 023135106 | $10.3M | 1.43% | 49,400 | SH |
| 17 | Varonis Systems Inc | VRNS | 922280102 | $10.0M | 1.39% | 463,500 | SH |
| 18 | Ceva Inc | CEVA | 157210105 | $9.7M | 1.35% | 520,000 | SH |
| 19 | Microsoft Corp | MSFT | 594918104 | $9.5M | 1.33% | 25,800 | SH |
| 20 | JFrog Ltd | FROG | M6191J100 | $9.4M | 1.31% | 200,000 | SH |
| 21 | Electrovaya Inc | ELVA | 28617B606 | $9.0M | 1.25% | 1,150,000 | SH |
| 22 | Power Integrations Inc | POWI | 739276103 | $9.0M | 1.25% | 175,000 | SH |
| 23 | Alkami Technology Inc | ALKT | 01644J108 | $7.8M | 1.09% | 500,000 | SH |
| 24 | Viavi Solutions Inc | VIAV | 925550105 | $7.5M | 1.04% | 225,000 | SH |
| 25 | Vishay Precision Group Inc | VPG | 92835K103 | $7.4M | 1.03% | 170,000 | SH |
| 26 | AvePoint Inc | AVPT | 053604104 | $7.4M | 1.03% | 775,000 | SH |
| 27 | FormFactor Inc | FORM | 346375108 | $7.3M | 1.02% | 75,300 | SH |
| 28 | Micron Technology Inc | MU | 595112103 | $7.3M | 1.01% | 21,500 | SH |
| 29 | Harmonic Inc | HLIT | 413160102 | $7.0M | 0.98% | 785,000 | SH |
| 30 | Veeco Instruments Inc | VECO | 922417100 | $6.8M | 0.94% | 200,000 | SH |
| 31 | Arteris Inc | AIP | 04302A104 | $6.6M | 0.92% | 400,000 | SH |
| 32 | Red Violet Inc | RDVT | 75704L104 | $6.6M | 0.92% | 190,208 | SH |
| 33 | PDF Solutions Inc | PDFS | 693282105 | $6.5M | 0.91% | 200,000 | SH |
| 34 | Bel Fuse Inc | BELFB | 077347300 | $5.9M | 0.83% | 30,000 | SH |
| 35 | Climb Global Solutions Inc | CLMB | 946760105 | $5.9M | 0.82% | 296,836 | SH |
| 36 | QuickLogic Corp | QUIK | 74837P405 | $5.7M | 0.80% | 612,547 | SH |
| 37 | Silicon Laboratories Inc | SLAB | 826919102 | $5.7M | 0.80% | 27,500 | SH |
| 38 | Intellicheck Inc | IDN | 45817G201 | $5.7M | 0.80% | 819,816 | SH |
| 39 | Apple Inc | AAPL | 037833100 | $5.7M | 0.79% | 22,300 | SH |
| 40 | ePlus Inc | PLUS | 294268107 | $5.6M | 0.79% | 75,000 | SH |
| 41 | Five9 Inc | FIVN | 338307101 | $5.5M | 0.77% | 362,000 | SH |
| 42 | Vishay Intertechnology Inc | VSH | 928298108 | $5.4M | 0.75% | 300,000 | SH |
| 43 | Everspin Technologies Inc | MRAM | 30041T104 | $5.2M | 0.73% | 600,000 | SH |
| 44 | Qualys Inc | QLYS | 74758T303 | $4.8M | 0.67% | 55,000 | SH |
| 45 | Digi International Inc | DGII | 253798102 | $4.8M | 0.67% | 100,000 | SH |
| 46 | CTS Corp | CTS | 126501105 | $4.8M | 0.67% | 100,000 | SH |
| 47 | Cogent Communications Holdings Inc | CCOI | 19239V302 | $4.6M | 0.64% | 242,600 | SH |
| 48 | Teradyne Inc | TER | 880770102 | $4.4M | 0.62% | 15,000 | SH |
| 49 | Mesa Laboratories Inc | MLAB | 59064R109 | $4.4M | 0.61% | 50,000 | SH |
| 50 | Kopin Corp | KOPN | 500600101 | $4.3M | 0.60% | 1,900,000 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-03-31 | 2026-05-13 | $717.6M | 97 | 0001512022-26-000005 |
| 2025-12-31 | 2026-02-13 | $765.5M | 97 | 0001512022-26-000004 |
| 2025-09-30 | 2025-11-07 | $750.7M | 94 | 0001512022-25-000011 |