HERALD INVESTMENT MANAGEMENT Ltd
Net seller this quarter
$737M
91
-$417M
35.2%
Holdings
| Company | Value | % of portfolio | % of company | POSITION CHANGE qoq % | First reported |
|---|---|---|---|---|---|
| Q2 2026 | |||||
 SIMO | $49.2M | 6.67% | 0.11% | -59.8% | Q2 2013 |
 CLS | $30.1M | 4.08% | 0.07% | -60.6% | Q3 2017 |
 VICR | $29.3M | 3.97% | 0.66% | -65.0% | Q1 2020 |
 TSEM | $25.8M | 3.50% | 0.09% | -40.4% | Q1 2017 |
 KLIC | $23.6M | 3.20% | 0.34% | -27.7% | Q3 2018 |
 FN | $23.4M | 3.17% | 0.12% | -58.4% | Q2 2013 |
 DOCN | $23.2M | 3.14% | 0.14% | -32.0% | Q4 2025 |
 MU | $20.8M | 2.82% | 0.00% | -15.8% | Q2 2013 |
 CEVA | $17.4M | 2.36% | 1.31% | -29.0% | Q2 2013 |
 PEGA | $16.6M | 2.25% | 0.34% | -19.3% | Q2 2013 |
 RDVT | $16.2M | 2.20% | 1.80% | +33.7% | Q1 2024 |
 VRNS | $16M | 2.17% | 0.33% | -17.8% | Q3 2016 |
 GOOGL | $15.7M | 2.14% | 0.00% | Not reported | Q3 2015 |
 ARLO | $15.3M | 2.07% | 1.05% | -17.6% | Q2 2021 |
 AIP | $14.4M | 1.95% | 0.61% | -25.8% | Q1 2023 |
| RDWR | $14.1M | 1.91% | 1.06% | -29.7% | Q2 2013 |
 FROG | $14M | 1.89% | 0.12% | -23.2% | Q1 2022 |
 VPG | $12.5M | 1.70% | 0.68% | -50.7% | Q1 2024 |
 SMCI | $12.4M | 1.68% | 0.06% | -39.7% | Q1 2018 |
 AMZN | $11.8M | 1.60% | 0.00% | Not reported | Q2 2013 |
 AMD | $10.9M | 1.48% | 0.00% | -9.2% | Q2 2018 |
 VSH | $9.7M | 1.32% | 0.14% | -39.8% | Q1 2026 |
 MSFT | $9.62M | 1.30% | 0.00% | Not reported | Q2 2013 |
 DRS | $9.37M | 1.27% | 0.08% | -23.0% | Q4 2022 |
 PDFS | $8.46M | 1.15% | 0.29% | -40.2% | Q2 2024 |
 LASR | $8.45M | 1.15% | 0.21% | -34.3% | Q2 2018 |
 POWI | $8.41M | 1.14% | 0.18% | -42.6% | Q2 2013 |
 BAND | $7.84M | 1.06% | Not reported | -29.1% | Q1 2019 |
 FIVN | $7.55M | 1.02% | 0.47% | -2.1% | Q1 2015 |
 DSGX | $7.48M | 1.01% | 0.13% | -25.5% | Q2 2013 |
 ELVA | $7.36M | 1.00% | 1.67% | -38.7% | Q1 2024 |
 TER | $7.25M | 0.98% | 0.01% | Not reported | Q2 2013 |
 ALKT | $7.24M | 0.98% | 0.37% | -20.0% | Q1 2022 |
 OUST | $7.15M | 0.97% | 0.17% | -23.7% | Q1 2025 |
 APPS | $7.09M | 0.96% | 0.46% | -6.4% | Q1 2019 |
 AAPL | $7.08M | 0.96% | 0.00% | +9.9% | Q2 2013 |
 QLYS | $6.52M | 0.88% | 0.14% | -13.6% | Q4 2014 |
 AVPT | $6.45M | 0.87% | 0.27% | -25.8% | Q1 2022 |
 VIAV | $6.12M | 0.83% | 0.05% | -43.0% | Q4 2025 |
 FORM | $6.02M | 0.82% | 0.05% | -50.0% | Q3 2021 |
 BELFB | $5.97M | 0.81% | Not reported | -40.2% | Q4 2024 |
 MRAM | $5.84M | 0.79% | 1.00% | -59.7% | Q1 2017 |
 MPTI | $5.79M | 0.79% | 1.35% | +6.4% | Q1 2025 |
 FA | $5.64M | 0.76% | 0.18% | -10.7% | Q2 2023 |
 PLUS | $5.61M | 0.76% | 0.26% | -10.0% | Q4 2025 |
 KOPN | $5.58M | 0.76% | 0.69% | -34.3% | Q3 2024 |
 DGII | $5.57M | 0.76% | 0.20% | -25.5% | Q1 2025 |
 VECO | $5.27M | 0.71% | 0.11% | -65.3% | Q1 2024 |
 QUIK | $5.21M | 0.71% | 1.43% | -57.3% | Q4 2013 |
 CLMB | $5.13M | 0.70% | 1.19% | -25.3% | Q1 2023 |
| Q1 2026 | |||||
| CLS | $58.9M | 8.21% | 0.18% | -8.7% | Q3 2017 |
| FN | $52.2M | 7.27% | 0.28% | -7.0% | Q2 2013 |
| SIMO | $41.3M | 5.75% | 0.27% | -4.5% | Q2 2013 |
| VICR | $35.4M | 4.93% | 1.87% | -10.2% | Q1 2020 |
| PEGA | $29.2M | 4.07% | 0.41% | -2.4% | Q2 2013 |
| TSEM | $29.1M | 4.06% | 0.15% | -7.8% | Q1 2017 |
| ARLO | $19.6M | 2.73% | 1.27% | +5.4% | Q2 2021 |
| DOCN | $18.6M | 2.59% | 0.21% | +7.4% | Q4 2025 |
| RDWR | $17.1M | 2.38% | 1.51% | -3.7% | Q2 2013 |
| KLIC | $16M | 2.24% | 0.47% | -11.6% | Q3 2018 |
| SMCI | $15.9M | 2.22% | 0.12% | -1.4% | Q1 2018 |
| DRS | $12.7M | 1.77% | 0.11% | Not reported | Q4 2022 |
| GOOGL | $12.7M | 1.77% | 0.00% | Not reported | Q3 2015 |
| LASR | $10.5M | 1.47% | 0.33% | -14.0% | Q2 2018 |
| DSGX | $10.4M | 1.44% | 0.17% | -21.6% | Q2 2013 |
| AMZN | $10.3M | 1.43% | 0.00% | Not reported | Q2 2013 |
| VRNS | $9.96M | 1.39% | 0.40% | -4.1% | Q3 2016 |
| CEVA | $9.71M | 1.35% | 1.87% | Not reported | Q2 2013 |
| MSFT | $9.55M | 1.33% | 0.00% | Not reported | Q2 2013 |
| FROG | $9.4M | 1.31% | 0.17% | -13.0% | Q1 2022 |
| ELVA | $9M | 1.25% | 2.73% | -20.1% | Q1 2024 |
| POWI | $8.96M | 1.25% | 0.31% | +16.7% | Q2 2013 |
| ALKT | $7.84M | 1.09% | 0.47% | Not reported | Q1 2022 |
| VIAV | $7.48M | 1.04% | 0.10% | -18.2% | Q4 2025 |
| VPG | $7.38M | 1.03% | 1.39% | -10.5% | Q1 2024 |
| AVPT | $7.36M | 1.03% | 0.37% | -8.8% | Q1 2022 |
| FORM | $7.3M | 1.02% | 0.10% | -30.5% | Q3 2021 |
| MU | $7.26M | 1.01% | 0.00% | -35.8% | Q2 2013 |
 HLIT | $7.05M | 0.98% | 0.71% | Not reported | Q1 2018 |
| VECO | $6.77M | 0.94% | 0.33% | Not reported | Q1 2024 |
| AIP | $6.57M | 0.92% | 0.87% | Not reported | Q1 2023 |
| RDVT | $6.57M | 0.92% | 1.35% | -4.9% | Q1 2024 |
| PDFS | $6.54M | 0.91% | 0.50% | -11.1% | Q2 2024 |
| BELFB | $5.94M | 0.83% | Not reported | Not reported | Q4 2024 |
| CLMB | $5.88M | 0.82% | 1.61% | -1.1% | Q1 2023 |
| QUIK | $5.74M | 0.80% | 3.46% | -16.1% | Q4 2013 |
 SLAB | $5.72M | 0.80% | 0.08% | Not reported | Q3 2025 |
 IDN | $5.71M | 0.80% | 4.05% | -16.0% | Q3 2017 |
| AAPL | $5.66M | 0.79% | 0.00% | +9.3% | Q2 2013 |
| PLUS | $5.64M | 0.79% | 0.29% | Not reported | Q4 2025 |
| FIVN | $5.5M | 0.77% | 0.47% | Not reported | Q1 2015 |
| VSH | $5.4M | 0.75% | 0.23% | New | Q1 2026 |
| MRAM | $5.24M | 0.73% | 2.57% | -25.0% | Q1 2017 |
| QLYS | $4.83M | 0.67% | 0.16% | -15.4% | Q4 2014 |
| DGII | $4.82M | 0.67% | 0.27% | -16.7% | Q1 2025 |
 CTS | $4.78M | 0.67% | 0.35% | -9.1% | Q3 2025 |
 CCOI | $4.57M | 0.64% | 0.48% | Not reported | Q1 2021 |
| TER | $4.44M | 0.62% | 0.01% | -9.6% | Q2 2013 |
 MLAB | $4.4M | 0.61% | 0.91% | Not reported | Q4 2024 |
| KOPN | $4.29M | 0.60% | 1.07% | Not reported | Q3 2024 |
| Q4 2025 | |||||
| CLS | $67.9M | 8.87% | 0.20% | -31.5% | Q3 2017 |
| FN | $48.9M | 6.39% | 0.30% | -26.1% | Q2 2013 |
| PEGA | $42M | 5.49% | 0.41% | Not reported | Q2 2013 |
| SIMO | $35.6M | 4.66% | 0.29% | Not reported | Q2 2013 |
| VICR | $26.8M | 3.51% | 2.08% | -2.0% | Q1 2020 |
| TSEM | $21.1M | 2.76% | 0.16% | -9.1% | Q1 2017 |
| SMCI | $20.8M | 2.71% | 0.12% | -1.4% | Q1 2018 |
| ARLO | $18.3M | 2.39% | 1.24% | +2.4% | Q2 2021 |
| RDWR | $16.3M | 2.12% | 1.56% | Not reported | Q2 2013 |
| DSGX | $16.2M | 2.12% | 0.22% | Not reported | Q2 2013 |
| VRNS | $15.9M | 2.07% | 0.41% | +9.0% | Q3 2016 |
| FROG | $14.3M | 1.87% | 0.19% | -8.0% | Q1 2022 |
| GOOGL | $13.8M | 1.80% | 0.00% | -12.2% | Q3 2015 |
| KLIC | $12.6M | 1.64% | 0.53% | -6.8% | Q3 2018 |
| MSFT | $12.5M | 1.63% | 0.00% | +6.2% | Q2 2013 |
| AVPT | $11.8M | 1.54% | 0.40% | +21.4% | Q1 2022 |
| ALKT | $11.5M | 1.51% | 0.47% | +25.0% | Q1 2022 |
| AMZN | $11.4M | 1.49% | 0.00% | +6.5% | Q2 2013 |
| RDVT | $11.4M | 1.49% | 1.41% | Not reported | Q1 2024 |
| ELVA | $11.3M | 1.48% | 3.42% | +13.8% | Q1 2024 |
| CEVA | $11.2M | 1.46% | 1.89% | +15.6% | Q2 2013 |
| DRS | $9.71M | 1.27% | 0.11% | Not reported | Q4 2022 |
| DOCN | $9.71M | 1.27% | 0.22% | New | Q4 2025 |
| MU | $9.56M | 1.25% | 0.00% | -6.9% | Q2 2013 |
| QLYS | $8.63M | 1.13% | 0.18% | Not reported | Q4 2014 |
| LASR | $8.06M | 1.05% | 0.42% | -14.0% | Q2 2018 |
| HLIT | $7.76M | 1.01% | 0.71% | Not reported | Q1 2018 |
| CLMB | $7.71M | 1.01% | 0.41% | +50.0% | Q1 2023 |
| MRAM | $7.39M | 0.97% | 3.48% | Not reported | Q1 2017 |
| VPG | $7.32M | 0.96% | 1.55% | +26.7% | Q1 2024 |
| FIVN | $7.25M | 0.95% | 0.47% | +28.4% | Q1 2015 |
| PLUS | $6.56M | 0.86% | 0.28% | New | Q4 2025 |
| IDN | $6.49M | 0.85% | 4.82% | -2.4% | Q3 2017 |
| PDFS | $6.42M | 0.84% | 0.57% | +12.5% | Q2 2024 |
 SPSC | $6.24M | 0.82% | 0.19% | +27.3% | Q2 2013 |
| AIP | $6.19M | 0.81% | 0.90% | Not reported | Q1 2023 |
| FORM | $6.04M | 0.79% | 0.14% | -8.5% | Q3 2021 |
| FA | $5.8M | 0.76% | 0.23% | +9.6% | Q2 2023 |
| VECO | $5.71M | 0.75% | 0.33% | Not reported | Q1 2024 |
| AAPL | $5.55M | 0.72% | 0.00% | Not reported | Q2 2013 |
| POWI | $5.33M | 0.70% | 0.27% | +294.7% | Q2 2013 |
| CCOI | $5.23M | 0.68% | 0.48% | Not reported | Q1 2021 |
| DGII | $5.19M | 0.68% | 0.32% | +20.0% | Q1 2025 |
| BELFB | $5.08M | 0.66% | Not reported | Not reported | Q4 2024 |
| VIAV | $4.9M | 0.64% | 0.12% | New | Q4 2025 |
 SMWB | $4.85M | 0.63% | 0.74% | +7.6% | Q1 2025 |
| CTS | $4.71M | 0.62% | 0.38% | +10.0% | Q3 2025 |
 HSTM | $4.61M | 0.60% | 0.68% | +5.3% | Q3 2021 |
| AMD | $4.44M | 0.58% | 0.00% | -33.0% | Q2 2018 |
| KOPN | $4.43M | 0.58% | 1.07% | -5.0% | Q3 2024 |
| Q3 2025 | |||||
| CLS | $82.5M | 10.99% | 0.29% | -14.3% | Q3 2017 |
| FN | $53.2M | 7.08% | 0.41% | -5.8% | Q2 2013 |
| PEGA | $40.4M | 5.39% | 0.41% | Not reported | Q2 2013 |
| SIMO | $36.4M | 4.85% | 0.29% | Not reported | Q2 2013 |
| SMCI | $34.5M | 4.59% | 0.12% | -4.6% | Q1 2018 |
| VRNS | $25.5M | 3.40% | 0.38% | Not reported | Q3 2016 |
| ARLO | $21.6M | 2.88% | 1.21% | Not reported | Q2 2021 |
| RDWR | $17.9M | 2.38% | 1.59% | Not reported | Q2 2013 |
| DSGX | $17.4M | 2.32% | 0.22% | Not reported | Q2 2013 |
| TSEM | $14.3M | 1.91% | 0.18% | Not reported | Q1 2017 |
| DRS | $12.9M | 1.72% | 0.11% | -5.0% | Q4 2022 |
| MSFT | $12.6M | 1.68% | 0.00% | Not reported | Q2 2013 |
| VICR | $12.4M | 1.65% | 2.13% | +8.7% | Q1 2020 |
| GOOGL | $12.2M | 1.63% | 0.00% | Not reported | Q3 2015 |
| KLIC | $12M | 1.60% | 0.57% | Not reported | Q3 2018 |
| CEVA | $11.9M | 1.58% | 1.87% | +12.5% | Q2 2013 |
| FROG | $11.8M | 1.57% | 0.21% | Not reported | Q1 2022 |
| AVPT | $10.5M | 1.40% | 0.33% | Not reported | Q1 2022 |
| RDVT | $10.5M | 1.39% | 1.43% | Not reported | Q1 2024 |
| AMZN | $10.2M | 1.36% | 0.00% | Not reported | Q2 2013 |
| ALKT | $9.94M | 1.32% | 0.38% | +122.2% | Q1 2022 |
| CCOI | $9.3M | 1.24% | 0.49% | +16.9% | Q1 2021 |
| QLYS | $8.6M | 1.15% | 0.18% | Not reported | Q4 2014 |
| HLIT | $8M | 1.07% | 0.70% | Not reported | Q1 2018 |
| ELVA | $7.45M | 0.99% | 3.00% | Not reported | Q1 2024 |
| MRAM | $7.42M | 0.99% | 3.52% | +18.5% | Q1 2017 |
| LASR | $7.41M | 0.99% | 0.49% | -3.9% | Q2 2018 |
| FIVN | $6.83M | 0.91% | 0.36% | +7.6% | Q1 2015 |
| CLMB | $6.74M | 0.90% | 1.08% | +11.1% | Q1 2023 |
| VECO | $6.09M | 0.81% | 0.33% | Not reported | Q1 2024 |
| MU | $6.02M | 0.80% | 0.00% | Not reported | Q2 2013 |
| SPSC | $5.73M | 0.76% | 0.15% | +15.8% | Q2 2013 |
| FA | $5.62M | 0.75% | 0.21% | +4.9% | Q2 2023 |
| SMWB | $5.58M | 0.74% | 0.73% | Not reported | Q1 2025 |
| HSTM | $5.37M | 0.71% | 0.64% | Not reported | Q3 2021 |
| AAPL | $5.19M | 0.69% | 0.00% | Not reported | Q2 2013 |
| PDFS | $5.16M | 0.69% | 0.51% | Not reported | Q2 2024 |
| IDN | $5.16M | 0.69% | 4.95% | Not reported | Q3 2017 |
| OUST | $5.13M | 0.68% | 0.32% | -5.0% | Q1 2025 |
| AMD | $5M | 0.67% | 0.00% | Not reported | Q2 2018 |
| AVDX | $4.98M | 0.66% | 0.24% | Not reported | Q3 2023 |
 VERX | $4.96M | 0.66% | 0.76% | +81.8% | Q3 2021 |
| KOPN | $4.86M | 0.65% | 1.28% | +30.3% | Q3 2024 |
| VPG | $4.8M | 0.64% | 1.22% | Not reported | Q1 2024 |
| QUIK | $4.42M | 0.59% | 4.36% | Not reported | Q4 2013 |
| FORM | $4.31M | 0.57% | 0.15% | Not reported | Q3 2021 |
 WK | $4.3M | 0.57% | Not reported | New | Q3 2025 |
 RDCM | $4.27M | 0.57% | 1.88% | +9.1% | Q1 2018 |
 SPIR | $4.24M | 0.56% | Not reported | Not reported | Q1 2024 |
| BELFB | $4.23M | 0.56% | Not reported | Not reported | Q4 2024 |