Herald Investment Management Ltd
Herald Investment Management Ltd, managed by Katie Potts, reported 92 positions worth $737.30M in its 2026 Q2 13F filing: 0 new and 5 closed.
Estimated return
Since 2025 Q2 the disclosed positions returned an estimated +119.8% against +38.3% for the S&P 500. Price-only return of the fund's top 100 US longs at each quarter start, vs the S&P 500 over the same windows. Not the fund's actual return (no trades, fees, shorts, derivatives, cash).
| Quarter | Fund | S&P 500 |
|---|---|---|
| 2025 Q2 | +25.5% | +11.4% |
| 2025 Q3 | +12.8% | +7.6% |
| 2025 Q4 | +3.2% | +3.1% |
| 2026 Q1 | +1.2% | -5.8% |
| 2026 Q2 | +60.8% | +15.5% |
| 2026 Q3 | -7.5% | +2.9% |
Top holdings, 2026 Q2
| Ticker | Company | Value | Portfolio % | Change |
|---|---|---|---|---|
| SIMO | Silicon Motion Technology Corp | $49.18M | 6.70% | -59.8% |
| CLS | Celestica Inc | $30.10M | 4.10% | -60.6% |
| VICR | Vicor Corp | $29.26M | 4.00% | -65% |
| TSEM | Tower Semiconductor Ltd | $25.78M | 3.50% | -40.4% |
| KLIC | Kulicke & Soffa Industries Inc | $23.61M | 3.20% | -27.7% |
| FN | Fabrinet | $23.38M | 3.20% | -58.4% |
| DOCN | DigitalOcean Holdings Inc | $23.16M | 3.10% | -32% |
| MU | Micron Technology Inc | $20.83M | 2.80% | -15.8% |
| CEVA | Ceva Inc | $17.42M | 2.40% | -29% |
| PEGA | Pegasystems Inc | $16.61M | 2.30% | -19.2% |
| RDVT | Red Violet Inc | $16.21M | 2.20% | +33.7% |
| VRNS | Varonis Systems Inc | $15.97M | 2.20% | -17.8% |
| GOOGL | Alphabet Inc | $15.75M | 2.10% | NO CHANGE |
| ARLO | Arlo Technologies Inc | $15.29M | 2.10% | -17.6% |
| AIP | Arteris Inc | $14.40M | 2.00% | -25.8% |
| RDWR | RADWARE Ltd | $14.08M | 1.90% | -29.7% |
| FROG | JFrog Ltd | $13.95M | 1.90% | -23.2% |
| VPG | Vishay Precision Group Inc | $12.53M | 1.70% | -50.7% |
| SMCI | Super Micro Computer Inc | $12.37M | 1.70% | -39.7% |
| AMZN | Amazon.com Inc | $11.77M | 1.60% | NO CHANGE |
| AMD | Advanced Micro Devices Inc | $10.92M | 1.50% | -9.2% |
| VSH | Vishay Intertechnology Inc | $9.70M | 1.30% | -39.8% |
| MSFT | Microsoft Corp | $9.62M | 1.30% | NO CHANGE |
| DRS | Leonardo DRS Inc | $9.37M | 1.30% | -23% |
| PDFS | PDF Solutions Inc | $8.46M | 1.10% | -40.2% |
| LASR | nLight Inc | $8.45M | 1.10% | -34.3% |
| POWI | Power Integrations Inc | $8.41M | 1.10% | -42.6% |
| BAND | Bandwidth Inc | $7.84M | 1.10% | -29.1% |
| FIVN | Five9 Inc | $7.55M | 1.00% | -2.1% |
| DSGX | Descartes Systems Group Inc/The | $7.48M | 1.00% | -25.5% |
| ELVA | Electrovaya Inc | $7.36M | 1.00% | -38.7% |
| TER | Teradyne Inc | $7.25M | 0.98% | NO CHANGE |
| ALKT | Alkami Technology Inc | $7.24M | 0.98% | -20% |
| OUST | Ouster Inc | $7.15M | 0.97% | -23.7% |
| APPS | Digital Turbine Inc | $7.09M | 0.96% | -6.4% |
| AAPL | Apple Inc | $7.08M | 0.96% | +9.9% |
| QLYS | Qualys Inc | $6.52M | 0.88% | -13.6% |
| AVPT | AvePoint Inc | $6.45M | 0.87% | -25.8% |
| VIAV | Viavi Solutions Inc | $6.12M | 0.83% | -43% |
| FORM | FormFactor Inc | $6.02M | 0.82% | -50% |
| BELFB | Bel Fuse Inc | $5.97M | 0.81% | -40.2% |
| MRAM | Everspin Technologies Inc | $5.84M | 0.79% | -59.7% |
| MPTI | M-Tron Industries Inc | $5.79M | 0.79% | +6.4% |
| FA | First Advantage Corp | $5.64M | 0.76% | -10.7% |
| PLUS | ePlus Inc | $5.61M | 0.76% | -10% |
| KOPN | Kopin Corp | $5.58M | 0.76% | -34.3% |
| DGII | Digi International Inc | $5.57M | 0.76% | -25.5% |
| VECO | Veeco Instruments Inc | $5.27M | 0.71% | -65.2% |
| QUIK | QuickLogic Corp | $5.21M | 0.71% | -57.3% |
| CLMB | Climb Global Solutions Inc | $5.13M | 0.70% | -25.3% |
All funds · Hedge Fund Tracker
Source: SEC EDGAR 13F filings, reported as of quarter end and filed up to 45 days later. Not investment advice.