HERALD INVESTMENT MANAGEMENT Ltd Q4 2025 Filing
Filed February 13, 2026
Portfolio Value
$765.5M
Holdings
97
Report Date
Q4 2025
Filing Type
13F-HR
All Holdings (97 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 1 | CLSCelestica Inc | 229,500 | $67.9M | 8.87% | |
| 2 | FNFabrinet | 107,600 | $48.9M | 6.39% | |
| 3 | PEGAPegasystems Inc | 703,600 | $42.0M | 5.49% | |
| 4 | SIMOSilicon Motion Technology Corp | 384,906 | $35.6M | 4.66% | |
| 5 | VICRVicor Corp | 245,000 | $26.8M | 3.51% | |
| 6 | TSEMTower Semiconductor Ltd | 180,000 | $21.1M | 2.76% | |
| 7 | SMCISuper Micro Computer Inc | 709,500 | $20.8M | 2.71% | |
| 8 | ARLOArlo Technologies Inc | 1,307,000 | $18.3M | 2.39% | |
| 9 | RDWRRADWARE Ltd | 675,000 | $16.3M | 2.12% | |
| 10 | DSGDescartes Systems Group Inc/The | 185,000 | $16.2M | 2.12% | |
| 11 | VRNSVaronis Systems Inc | 483,500 | $15.9M | 2.07% | |
| 12 | FROGJFrog Ltd | 230,000 | $14.3M | 1.87% | |
| 13 | GOOGLAlphabet Inc | 44,100 | $13.8M | 1.80% | |
| 14 | KLICKulicke & Soffa Industries Inc | 276,100 | $12.6M | 1.64% | |
| 15 | MSFTMicrosoft Corp | 25,800 | $12.5M | 1.63% | |
| 16 | AVPTAvePoint Inc | 850,000 | $11.8M | 1.54% | |
| 17 | ALKTAlkami Technology Inc | 500,000 | $11.5M | 1.51% | |
| 18 | AMZNAmazon.com Inc | 49,400 | $11.4M | 1.49% | |
| 19 | RDVTRed Violet Inc | 200,000 | $11.4M | 1.49% | |
| 20 | ELVAElectrovaya Inc | 1,440,000 | $11.3M | 1.48% | |
| 21 | CEVACeva Inc | 520,000 | $11.2M | 1.46% | |
| 22 | DRSLeonardo DRS Inc | 285,000 | $9.7M | 1.27% | |
| 23 | DOCNDigitalOcean Holdings Inc | 202,000 | $9.7M | 1.27% | |
| 24 | MUMicron Technology Inc | 33,500 | $9.6M | 1.25% | |
| 25 | QLYSQualys Inc | 65,000 | $8.6M | 1.13% | |
| 26 | LASRnLight Inc | 215,000 | $8.1M | 1.05% | |
| 27 | HLITHarmonic Inc | 785,000 | $7.8M | 1.01% | |
| 28 | CLMBClimb Global Solutions Inc | 75,000 | $7.7M | 1.01% | |
| 29 | MRAMEverspin Technologies Inc | 800,000 | $7.4M | 0.97% | |
| 30 | VPGVishay Precision Group Inc | 190,000 | $7.3M | 0.96% | |
| 31 | FIVNFive9 Inc | 362,000 | $7.3M | 0.95% | |
| 32 | PLUSePlus Inc | 75,000 | $6.6M | 0.86% | |
| 33 | IDNIntellicheck Inc | 975,569 | $6.5M | 0.85% | |
| 34 | PDFSPDF Solutions Inc | 225,000 | $6.4M | 0.84% | |
| 35 | SPSCSPS Commerce Inc | 70,000 | $6.2M | 0.81% | |
| 36 | AIPArteris Inc | 400,000 | $6.2M | 0.81% | |
| 37 | FMFFormFactor Inc | 108,300 | $6.0M | 0.79% | |
| 38 | FAFirst Advantage Corp | 400,000 | $5.8M | 0.76% | |
| 39 | VECOVeeco Instruments Inc | 200,000 | $5.7M | 0.75% | |
| 40 | AAPLApple Inc | 20,400 | $5.5M | 0.72% | |
| 41 | PWIPower Integrations Inc | 150,000 | $5.3M | 0.70% | |
| 42 | OGM1Cogent Communications Holdings Inc | 242,600 | $5.2M | 0.68% | |
| 43 | DGIIDigi International Inc | 120,000 | $5.2M | 0.68% | |
| 44 | BELFBBel Fuse Inc | 30,000 | $5.1M | 0.66% | |
| 45 | VIAVViavi Solutions Inc | 275,000 | $4.9M | 0.64% | |
| 46 | SMWBSimilarWeb Ltd | 645,465 | $4.9M | 0.63% | |
| 47 | CTSCTS Corp | 110,000 | $4.7M | 0.62% | |
| 48 | HSTMHealthStream Inc | 200,000 | $4.6M | 0.60% | |
| 49 | AMDAdvanced Micro Devices Inc | 20,720 | $4.4M | 0.58% | |
| 50 | KOPNKopin Corp | 1,900,000 | $4.4M | 0.58% | |
| 51 | QUIKQuickLogic Corp | 730,379 | $4.4M | 0.57% | |
| 52 | OUSTOuster Inc | 200,000 | $4.3M | 0.57% | |
| 53 | WKWorkiva Inc | 50,000 | $4.3M | 0.56% | |
| 54 | BRZEBraze Inc | 125,000 | $4.3M | 0.56% | |
| 55 | RDCMRADCOM Ltd | 325,000 | $4.2M | 0.55% | |
| 56 | 1GSNNovanta Inc | 35,000 | $4.2M | 0.54% | |
| 57 | VERXVertex Inc | 200,000 | $4.0M | 0.52% | |
| 58 | MLABMesa Laboratories Inc | 50,000 | $3.9M | 0.51% | |
| 59 | RMNIRimini Street Inc | 1,000,000 | $3.9M | 0.51% | |
| 60 | SLPSimulations Plus Inc | 200,000 | $3.6M | 0.48% | |
| 61 | SLABSilicon Laboratories Inc | 27,500 | $3.6M | 0.47% | |
| 62 | MPTIM-Tron Industries Inc | 67,000 | $3.6M | 0.46% | |
| 63 | AVNWAviat Networks Inc | 155,000 | $3.3M | 0.43% | |
| 64 | PATHUiPath Inc | 202,280 | $3.3M | 0.43% | |
| 65 | HIMXHimax Technologies Inc | 400,000 | $3.3M | 0.43% | |
| 66 | BANDBandwidth Inc | 210,000 | $3.2M | 0.42% | |
| 67 | TERTeradyne Inc | 16,600 | $3.2M | 0.42% | |
| 68 | POWLPowell Industries Inc | 10,000 | $3.2M | 0.42% | |
| 69 | CSGSCSG Systems International Inc | 41,240 | $3.2M | 0.41% | |
| 70 | NABLN-Able Inc | 413,000 | $3.1M | 0.40% | |
| 71 | OOMAOoma Inc | 260,000 | $3.0M | 0.40% | |
| 72 | APPSDigital Turbine Inc | 600,000 | $3.0M | 0.39% | |
| 73 | FCFranklin Covey Co | 175,000 | $2.9M | 0.38% | |
| 74 | SPIRSpire Global Inc | 386,249 | $2.9M | 0.38% | |
| 75 | CMRCCommerce.com Inc | 700,000 | $2.9M | 0.38% | |
| 76 | OSPNOnespan Inc | 200,000 | $2.6M | 0.34% | |
| 77 | ANETArista Networks Inc | 18,700 | $2.4M | 0.32% | |
| 78 | CINTCI&T Inc | 600,000 | $2.4M | 0.32% | |
| 79 | FRSHFreshworks Inc | 190,000 | $2.3M | 0.30% | |
| 80 | RBBNRibbon Communications Inc | 800,000 | $2.3M | 0.30% | |
| 81 | ZMZoom Communications Inc | 25,910 | $2.2M | 0.29% | |
| 82 | DTDynatrace Inc | 50,000 | $2.2M | 0.28% | |
| 83 | ALNTAllient Inc | 40,000 | $2.1M | 0.28% | |
| 84 | KDKyndryl Holdings Inc | 80,000 | $2.1M | 0.28% | |
| 85 | TGENTecogen Inc/Waltham MA | 420,000 | $2.1M | 0.27% | |
| 86 | SILCSilicom Ltd | 125,000 | $1.8M | 0.24% | |
| 87 | ADTNADTRAN Holdings Inc | 200,000 | $1.7M | 0.23% | |
| 88 | CHKPCheck Point Software Technologies Ltd | 9,200 | $1.7M | 0.22% | |
| 89 | ARWArrow Electronics Inc | 15,200 | $1.7M | 0.22% | |
| 90 | GNSSGenasys Inc | 700,000 | $1.5M | 0.20% | |
| 91 | VLNValens Semiconductor Ltd | 950,000 | $1.3M | 0.17% | |
| 92 | FORRForrester Research Inc | 150,000 | $1.2M | 0.16% | |
| 93 | CRGOFreightos Ltd | 500,000 | $1.1M | 0.15% | |
| 94 | BELFABel Fuse Inc | 7,500 | $1.1M | 0.15% | |
| 95 | AWREAware Inc/MA | 430,000 | $795K | 0.10% | |
| 96 | TXNTexas Instruments Inc | 4,100 | $711K | 0.09% | |
| 97 | INTCIntel Corp | 19,000 | $701K | 0.09% |