Herald Investment Management as of Sept. 30, 2025
Portfolio Holdings for Herald Investment Management
Herald Investment Management holds 94 positions in its portfolio as reported in the September 2025 quarterly 13F filing
| Company (Ticker) | Portfolio Weight | Valued At | Change in Shares | Share Count | Share Price |
|---|---|---|---|---|---|
| Celestica (CLS) | 11.0 | $83M | 335k | 246.23 | |
| Fabrinet (FN) | 7.1 | $53M | 146k | 365.06 | |
| Pegasystems (PEGA) | 5.4 | $40M | 704k | 57.48 | |
| Silicon Motion Technology Corp Adr (SIMO) | 4.8 | $36M | 385k | 94.56 | |
| Super Micro Computer Inc Com Usd0.001 (SMCI) | 4.6 | $35M | 720k | 47.93 | |
| Varonis Sys (VRNS) | 3.4 | $26M | 444k | 57.47 | |
| Arlo Technologies (ARLO) | 2.9 | $22M | 1.3M | 16.95 | |
| Radware Ltd ord (RDWR) | 2.4 | $18M | 675k | 26.47 | |
| Descartes Sys Grp (DSGX) | 2.3 | $17M | 185k | 94.17 | |
| Tower Semiconductor (TSEM) | 1.9 | $14M | 198k | 72.29 | |
| D R S Technologies (DRS) | 1.7 | $13M | 285k | 45.40 | |
| Microsoft Corporation (MSFT) | 1.7 | $13M | 24k | 517.94 | |
| Vicor Corporation (VICR) | 1.7 | $12M | 250k | 49.63 | |
| Alphabet Inc Class A cs (GOOGL) | 1.6 | $12M | 50k | 243.06 | |
| Kulicke and Soffa Industries (KLIC) | 1.6 | $12M | 296k | 40.64 | |
| Ceva (CEVA) | 1.6 | $12M | 450k | 26.41 | |
| Jfrog (FROG) | 1.6 | $12M | 250k | 47.29 | |
| Apex Technology Acqui-cl A (AVPT) | 1.4 | $11M | 700k | 15.00 | |
| Red Violet (RDVT) | 1.4 | $11M | 200k | 52.26 | |
| Amazon (AMZN) | 1.4 | $10M | 46k | 219.53 | |
| Alkami Technology (ALKT) | 1.3 | $9.9M | 400k | 24.84 | |
| Cogent Communications (CCOI) | 1.2 | $9.3M | 243k | 38.35 | |
| Qualys (QLYS) | 1.1 | $8.6M | 65k | 132.37 | |
| Harmonic (HLIT) | 1.1 | $8.0M | 785k | 10.19 | |
| Electrovaya (ELVA) | 1.0 | $7.5M | 1.3M | 5.89 | |
| Everspin Technologies (MRAM) | 1.0 | $7.4M | 800k | 9.27 | |
| Nlight (LASR) | 1.0 | $7.4M | 250k | 29.63 | |
| Five9 (FIVN) | 0.9 | $6.8M | 282k | 24.21 | |
| Wayside Technology (CLMB) | 0.9 | $6.7M | 50k | 134.82 | |
| Veeco Instruments (VECO) | 0.8 | $6.1M | 200k | 30.44 | |
| Micron Technology (MU) | 0.8 | $6.0M | 36k | 167.32 | |
| SPS Commerce (SPSC) | 0.8 | $5.7M | 55k | 104.11 | |
| First Advantage Corp (FA) | 0.7 | $5.6M | 365k | 15.39 | |
| Similarweb (SMWB) | 0.7 | $5.6M | 600k | 9.30 | |
| HealthStream (HSTM) | 0.7 | $5.4M | 190k | 28.24 | |
| Apple (AAPL) | 0.7 | $5.2M | 20k | 254.53 | |
| PDF Solutions (PDFS) | 0.7 | $5.2M | 200k | 25.82 | |
| Intellicheck Mobilisa (IDN) | 0.7 | $5.2M | 1.0M | 5.16 | |
| Ouster (OUST) | 0.7 | $5.1M | 190k | 27.02 | |
| Advanced Micro Devices (AMD) | 0.7 | $5.0M | 31k | 161.75 | |
| Avidxchange Holdings (AVDX) | 0.7 | $5.0M | 500k | 9.95 | |
| Vertex (VERX) | 0.7 | $5.0M | 200k | 24.79 | |
| Kopin Corporation (KOPN) | 0.6 | $4.9M | 2.0M | 2.43 | |
| Vishay Precision (VPG) | 0.6 | $4.8M | 150k | 31.98 | |
| Quicklogic Corp. (QUIK) | 0.6 | $4.4M | 730k | 6.05 | |
| FormFactor (FORM) | 0.6 | $4.3M | 118k | 36.42 | |
| Workiva Inc equity us cm (WK) | 0.6 | $4.3M | 50k | 86.05 | |
| Radcom (RDCM) | 0.6 | $4.3M | 300k | 14.24 | |
| Spire Global (SPIR) | 0.6 | $4.2M | 386k | 10.97 | |
| Bel Fuse (BELFB) | 0.6 | $4.2M | 30k | 141.02 | |
| Arteris (AIP) | 0.5 | $4.0M | 400k | 10.09 | |
| CTS Corporation (CTS) | 0.5 | $4.0M | 100k | 39.94 | |
| Rimini Str Inc Del (RMNI) | 0.5 | $4.0M | 850k | 4.68 | |
| Tecogen (TGEN) | 0.5 | $3.9M | 446k | 8.74 | |
| Digital Turbine (APPS) | 0.5 | $3.8M | 600k | 6.40 | |
| Digi International (DGII) | 0.5 | $3.6M | 100k | 36.46 | |
| Silicon Laboratories (SLAB) | 0.5 | $3.6M | 28k | 131.13 | |
| Aviat Networks (AVNW) | 0.5 | $3.6M | 155k | 22.93 | |
| Himax Technologies Adr (HIMX) | 0.5 | $3.5M | 400k | 8.82 | |
| Bandwidth (BAND) | 0.5 | $3.5M | 210k | 16.67 | |
| Bigcommerce Hldgs (CMRC) | 0.5 | $3.5M | 700k | 4.99 | |
| Ribbon Communication (RBBN) | 0.5 | $3.5M | 913k | 3.80 | |
| Franklin Covey (FC) | 0.5 | $3.4M | 175k | 19.41 | |
| Mesa Laboratories (MLAB) | 0.4 | $3.3M | 50k | 66.81 | |
| Arista Networks (ANET) | 0.4 | $3.3M | 23k | 145.71 | |
| N-able (NABL) | 0.4 | $3.2M | 413k | 7.79 | |
| Onespan (OSPN) | 0.4 | $3.2M | 200k | 15.89 | |
| Ooma (OOMA) | 0.4 | $3.1M | 260k | 11.99 | |
| M-tron Inds (MPTI) | 0.4 | $3.0M | 55k | 55.19 | |
| Simulations Plus (SLP) | 0.4 | $3.0M | 200k | 15.08 | |
| Teradyne (TER) | 0.4 | $2.8M | 21k | 137.60 | |
| Novanta (NOVT) | 0.3 | $2.5M | 25k | 100.11 | |
| Dynatrace (DT) | 0.3 | $2.4M | 50k | 48.45 | |
| Ci&t (CINT) | 0.3 | $2.3M | 450k | 5.15 | |
| Freshworks (FRSH) | 0.3 | $2.2M | 190k | 11.75 | |
| Silicom (SILC) | 0.3 | $2.2M | 125k | 17.69 | |
| Uipath Inc Cl A (PATH) | 0.3 | $2.2M | 161k | 13.38 | |
| Zoom Video Communications In cl a (ZM) | 0.3 | $2.1M | 26k | 82.48 | |
| Inuvo (INUV) | 0.3 | $2.0M | 574k | 3.51 | |
| Kyndryl Holdings Ord Wi (KD) | 0.3 | $2.0M | 67k | 30.02 | |
| Checkpoint Systems | 0.3 | $1.9M | 9.2k | 206.91 | |
| Adtran Holdings (ADTN) | 0.2 | $1.9M | 200k | 9.37 | |
| Arrow Electronics (ARW) | 0.2 | $1.8M | 15k | 120.90 | |
| Lantronix (LTRX) | 0.2 | $1.8M | 400k | 4.56 | |
| Genasys (GNSS) | 0.2 | $1.8M | 750k | 2.43 | |
| Valens Semiconductor (VLN) | 0.2 | $1.7M | 950k | 1.79 | |
| Freightos | 0.2 | $1.6M | 500k | 3.27 | |
| Forrester Research (FORR) | 0.2 | $1.6M | 150k | 10.59 | |
| Power Integrations (POWI) | 0.2 | $1.5M | 38k | 40.18 | |
| Aware (AWRE) | 0.1 | $1.0M | 430k | 2.35 | |
| Issuer Direct Corporation (ACCS) | 0.1 | $956k | 90k | 10.62 | |
| Bel Fuse (BELFA) | 0.1 | $872k | 7.5k | 116.29 | |
| Texas Instruments Incorporated (TXN) | 0.1 | $753k | 4.1k | 183.68 | |
| Intel Corporation (INTC) | 0.1 | $637k | 19k | 33.54 |
