13F HOLDINGS REPORT
Herald Investment Management Ltd
Quarter ended Q1 2025 · Filed May 12, 2025 · Accession 0001512022-25-000005
Total Value
$533.0M
Positions
95
Other Managers
0
Confidential Omitted
No
Holdings (95)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | Fabrinet | FN | 169,500 | $33.5M | 6.28% |
| 2 | Celestica Inc | CLS | 423,200 | $33.3M | 6.26% |
| 3 | Super Micro Computer Inc | SMCI | 754,500 | $25.8M | 4.85% |
| 4 | Pegasystems Inc | PEGA | 351,800 | $24.4M | 4.58% |
| 5 | Silicon Motion Technology Corp | SIMO | 384,906 | $19.5M | 3.65% |
| 6 | Descartes Systems Group Inc/The | 249906108 | 185,000 | $18.6M | 3.50% |
| 7 | Varonis Systems Inc | VRNS | 443,500 | $17.9M | 3.36% |
| 8 | RADWARE Ltd | RDWR | 725,000 | $15.6M | 2.93% |
| 9 | CyberArk Software Ltd | M2682V108 | 42,300 | $14.3M | 2.68% |
| 10 | Arlo Technologies Inc | ARLO | 1,277,000 | $12.6M | 2.36% |
| 11 | Cogent Communications Holdings Inc | CCOI | 200,600 | $12.3M | 2.31% |
| 12 | Logility Supply Chain Solutions Inc | 029683109 | 823,655 | $11.7M | 2.20% |
| 13 | Vicor Corp | VICR | 230,000 | $10.8M | 2.02% |
| 14 | Leonardo DRS Inc | DRS | 320,000 | $10.5M | 1.97% |
| 15 | AvePoint Inc | AVPT | 700,000 | $10.1M | 1.90% |
| 16 | Microsoft Corp | MSFT | 26,745 | $10.0M | 1.88% |
| 17 | Kulicke & Soffa Industries Inc | 501242101 | 296,100 | $9.8M | 1.83% |
| 18 | Amazon.com Inc | AMZN | 46,400 | $8.8M | 1.66% |
| 19 | Ceva Inc | CEVA | 325,000 | $8.3M | 1.56% |
| 20 | Qualys Inc | QLYS | 65,000 | $8.2M | 1.54% |
| 21 | JFrog Ltd | FROG | 250,000 | $8.0M | 1.50% |
| 22 | Alphabet Inc | GOOG | 50,200 | $7.8M | 1.46% |
| 23 | Harmonic Inc | HLIT | 785,000 | $7.5M | 1.41% |
| 24 | Red Violet Inc | RDVT | 200,000 | $7.5M | 1.41% |
| 25 | Tower Semiconductor Ltd | TSEM | 198,000 | $7.0M | 1.32% |
| 26 | SPS Commerce Inc | SPSC | 47,500 | $6.3M | 1.18% |
| 27 | HealthStream Inc | HSTM | 190,000 | $6.1M | 1.15% |
| 28 | Five9 Inc | FIVN | 210,600 | $5.7M | 1.07% |
| 29 | Apple Inc | AAPL | 25,000 | $5.6M | 1.04% |
| 30 | Franklin Covey Co | FC | 175,000 | $4.8M | 0.90% |
| 31 | Climb Global Solutions Inc | CLMB | 40,000 | $4.4M | 0.83% |
| 32 | AvidXchange Holdings Inc | 05368X102 | 500,000 | $4.2M | 0.80% |
| 33 | First Advantage Corp | FA | 300,000 | $4.2M | 0.79% |
| 34 | Veeco Instruments Inc | 922417100 | 200,000 | $4.0M | 0.75% |
| 35 | Alkami Technology Inc | ALKT | 150,000 | $3.9M | 0.74% |
| 36 | Vertex Inc | VERX | 110,000 | $3.8M | 0.72% |
| 37 | PDF Solutions Inc | PDFS | 200,000 | $3.8M | 0.72% |
| 38 | QuickLogic Corp | QUIK | 730,379 | $3.7M | 0.70% |
| 39 | Vishay Precision Group Inc | VPG | 150,000 | $3.6M | 0.68% |
| 40 | BigCommerce Holdings Inc | CMRC | 625,000 | $3.6M | 0.68% |
| 41 | Ribbon Communications Inc | RBBN | 912,869 | $3.6M | 0.67% |
| 42 | Ooma Inc | OOMA | 260,000 | $3.4M | 0.64% |
| 43 | FormFactor Inc | FORM | 118,300 | $3.3M | 0.63% |
| 44 | Advanced Micro Devices Inc | AMD | 30,920 | $3.2M | 0.60% |
| 45 | Couchbase Inc | 22207T101 | 200,000 | $3.1M | 0.59% |
| 46 | RADCOM Ltd | RDCM | 275,000 | $3.1M | 0.59% |
| 47 | Micron Technology Inc | MU | 36,000 | $3.1M | 0.59% |
| 48 | Everspin Technologies Inc | MRAM | 600,000 | $3.1M | 0.57% |
| 49 | Onespan Inc | OSPN | 200,000 | $3.0M | 0.57% |
| 50 | Intellicheck Inc | IDN | 1,000,000 | $3.0M | 0.56% |
| 51 | Aviat Networks Inc | AVNW | 155,000 | $3.0M | 0.56% |
| 52 | Rimini Street Inc | 76674Q107 | 850,000 | $3.0M | 0.55% |
| 53 | N-Able Inc | NABL | 413,000 | $2.9M | 0.55% |
| 54 | Bandwidth Inc | BAND | 210,000 | $2.7M | 0.52% |
| 55 | Electrovaya Inc | ELVA | 1,180,000 | $2.7M | 0.51% |
| 56 | SimilarWeb Ltd | SMWB | 300,000 | $2.5M | 0.46% |
| 57 | Dynatrace Inc | DT | 50,000 | $2.4M | 0.44% |
| 58 | Bel Fuse Inc | BELFB | 30,000 | $2.2M | 0.42% |
| 59 | Lantronix Inc | LTRX | 900,000 | $2.2M | 0.42% |
| 60 | Digi International Inc | 253798102 | 80,000 | $2.2M | 0.42% |
| 61 | FARO Technologies Inc | 311642102 | 80,000 | $2.2M | 0.41% |
| 62 | CI&T Inc | CINT | 355,000 | $2.1M | 0.40% |
| 63 | Kyndryl Holdings Inc | KD | 67,000 | $2.1M | 0.39% |
| 64 | Check Point Software Technologies Ltd | CHKP | 9,200 | $2.1M | 0.39% |
| 65 | Inuvo Inc | INUV | 5,775,000 | $2.1M | 0.39% |
| 66 | Arteris Inc | AIP | 300,000 | $2.1M | 0.39% |
| 67 | nLight Inc | LASR | 260,000 | $2.0M | 0.38% |
| 68 | Valens Semiconductor Ltd | VLN-WT | 950,000 | $1.9M | 0.36% |
| 69 | Power Integrations Inc | POWI | 38,000 | $1.9M | 0.36% |
| 70 | Zoom Communications Inc | ZM | 25,910 | $1.9M | 0.36% |
| 71 | Spire Global Inc | SPIR | 230,000 | $1.9M | 0.35% |
| 72 | Silicom Ltd | SILC | 125,000 | $1.8M | 0.34% |
| 73 | Ouster Inc | OUST | 200,000 | $1.8M | 0.34% |
| 74 | Arista Networks Inc | ANET | 22,700 | $1.8M | 0.33% |
| 75 | ADTRAN Holdings Inc | ADTN | 200,000 | $1.7M | 0.33% |
| 76 | Genasys Inc | GNSS | 750,000 | $1.7M | 0.32% |
| 77 | Teradyne Inc | TER | 20,600 | $1.7M | 0.32% |
| 78 | Himax Technologies Inc | HIMX | 230,000 | $1.7M | 0.32% |
| 79 | UiPath Inc | PATH | 161,280 | $1.7M | 0.31% |
| 80 | Digital Turbine Inc | APPS | 600,000 | $1.6M | 0.31% |
| 81 | Arrow Electronics Inc | 042735100 | 15,200 | $1.6M | 0.30% |
| 82 | M-Tron Industries Inc | 55380K109 | 35,000 | $1.5M | 0.29% |
| 83 | Mesa Laboratories Inc | 59064R109 | 12,500 | $1.5M | 0.28% |
| 84 | Kopin Corp | KOPN | 1,535,000 | $1.4M | 0.27% |
| 85 | Forrester Research Inc | 346563109 | 150,000 | $1.4M | 0.26% |
| 86 | Freshworks Inc | FRSH | 90,000 | $1.3M | 0.24% |
| 87 | Akamai Technologies Inc | AKAM | 15,200 | $1.2M | 0.23% |
| 88 | Freightos Ltd | CRGOW | 500,000 | $1.2M | 0.22% |
| 89 | Issuer Direct Corp | ACCS | 90,000 | $794,700 | 0.15% |
| 90 | Texas Instruments Inc | 882508104 | 4,100 | $737,139 | 0.14% |
| 91 | Aware Inc/MA | AWRE | 430,000 | $679,400 | 0.13% |
| 92 | Cadence Design Systems Inc | CDNS | 2,500 | $635,700 | 0.12% |
| 93 | Bel Fuse Inc | BELFB | 7,500 | $540,375 | 0.10% |
| 94 | TTEC Holdings Inc | TTEC | 140,000 | $460,600 | 0.09% |
| 95 | Intel Corp | INTC | 19,000 | $431,490 | 0.08% |