SEC 13F Intelligence

Managers / Q3 2020 · view latest →

HERALD INVESTMENT MANAGEMENT Ltd

CIK 0001512022 · 10-11 CHARTERHOUSE SQUARE, LONDON, EC1M 6EE · 0207 553 6300

Reported Value
$464M
Q3 2020
Positions
96
Filings on Record
30
2019–present window
Filed
Nov 12, 2020
original filing

Summary

Herald Investment Management Ltd reported $464M in U.S.-listed holdings across 96 positions for Q3 2020.

Its largest position, PEGA, represents 8.7% of the portfolio.

Compared with Q2 2020, the fund opened 10 new positions and exited 8.

Portfolio Metrics

Turnover
+7.0%
vs prior filed quarter
Top-10 Concentration
+42.2%
share of reported value
Largest Position
+8.7%
Pegasystems
New / Exited
10 / 8
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $312MQ4 ’18Q1 ’19: $393MQ2 ’19: $359MQ3 ’19: $336MQ4 ’19: $392MQ4 ’19Q1 ’20: $330MQ2 ’20: $428MQ3 ’20: $464MQ4 ’20: $561MQ4 ’20Q1 ’21: $575MQ2 ’21: $614MQ3 ’21: $608MQ4 ’21: $616MQ4 ’21Q1 ’22: $549MQ2 ’22: $431MQ3 ’22: $406MQ2 ’23: $515MQ2 ’23Q3 ’23: $470MQ4 ’23: $524MQ1 ’24: $617MQ2 ’24: $610MQ2 ’24Q3 ’24: $580MQ4 ’24: $611MQ1 ’25: $533MQ2 ’25: $674MQ2 ’25Q3 ’25: $751MQ4 ’25: $766MQ1 ’26: $718Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 84.0%Other: 10.1%ADR: 5.8%
  • Common Stock · 84.0% · $390M
  • Other · 10.1% · $47M
  • ADR · 5.8% · $27M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
MTCHMatch Group IncNEW+8.8K8.8K+$3M$3M
ManTech International Corp/VANEW+36.5K36.5K+$3M$3M
RMNIRimini Street IncNEW+650.0K650.0K+$2M$2M
PDPagerDuty IncNEW+77.0K77.0K+$2M$2M
DZSIQDZS IncNEW+211.8K211.8K+$2M$2M
Talend SANEW+48.5K48.5K+$2M$2M
DSP Group IncNEW+137.0K137.0K+$2M$2M
Tufin Software Technologies LtdNEW+210.0K210.0K+$2M$2M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q3 2020

96 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1PEGAPegasystems Inchistory →COM8.74%$41M335.3K
2FIVNFive9 Inchistory →COM5.53%$26M198.1K
3LivePerson IncCOM5.40%$25M482.7K
4DSGXDescartes Systems Group Inc/Thehistory →COM4.16%$19M338.6K
5RADWARE LtdCOM4.02%$19M770.0K
6VRNSVaronis Systems Inchistory →COM3.80%$18M153.0K
7SIMOSilicon Motion Technology Corphistory →ADR2.91%$13M357.2K
8BANDBandwidth Inchistory →COM2.74%$13M72.8K
9Mimecast LtdCOM2.47%$11M245.0K
10FNFabrinethistory →COM2.41%$11M177.5K
11APPSDigital Turbine Inchistory →COM2.33%$11M330.0K
12BLDPBallard Power Systems Inchistory →COM2.08%$10M640.0K
13CEVACeva Inchistory →COM2.07%$10M244.9K
14VICRVicor Corphistory →COM2.04%$9M122.0K
15QLYSQualys Inchistory →COM1.84%$9M87.3K
16Super Micro Computer IncCOM1.81%$8M318.5K
17SPSCSPS Commerce Inchistory →COM1.68%$8M100.0K
18Bottomline Technologies de IncCOM1.48%$7M162.8K
19CLDRCloudera Inchistory →COM1.46%$7M623.7K
2051job IncADR1.44%$7M86.0K
21SailPoint Technologies Holding IncCOM1.32%$6M155.0K
22IPHIInphi Corphistory →COM1.27%$6M52.6K
23TTECTTEC Holdings Inchistory →COM1.24%$6M105.8K
24MSFTMicrosoft Corphistory →COM1.23%$6M27.1K
25AAPLApple Inchistory →COM1.21%$6M48.4K
26AKTSQAkoustis Technologies Inchistory →COM1.10%$5M628.6K
27CyberArk Software LtdCOM1.04%$5M46.7K
28Brightcove IncCOM1.04%$5M471.0K
29FireEye IncCOM1.02%$5M382.0K
30MANHManhattan Associates IncCOM0.94%$4M45.5K
31SHSPSharpSpring IncCOM0.93%$4M388.3K
32RBBNRibbon Communications IncCOM0.91%$4M1.09M
33POWIPower Integrations IncCOM0.91%$4M76.0K
34OSPNVASCO Data Security International IncCOM0.90%$4M200.0K
35AMZNAmazon.com IncCOM0.88%$4M1.3K
36Model N IncCOM0.84%$4M111.0K
37WIFIBoingo Wireless IncCOM0.77%$4M351.7K
38AMDAdvanced Micro Devices IncCOM0.75%$3M42.3K
39VSATViaSat IncCOM0.74%$3M100.0K
40GOOGLAlphabet IncCOM0.74%$3M2.3K
41KLICKulicke & Soffa Industries IncCOM0.74%$3M153.3K
42LTRXLantronix IncCOM0.73%$3M706.4K
43MTCHMatch Group IncCOM0.69%$3M8.8K
44RPDRapid7 IncCOM0.69%$3M52.1K
45OOMAOoma IncCOM0.63%$3M225.4K
46Fitbit IncCOM0.56%$3M375.0K
47Pluralsight IncCOM0.55%$3M150.0K
48ManTech International Corp/VACOM0.54%$3M36.5K
49IDNIntellicheck IncCOM0.53%$2M372.7K
50Resonant IncCOM0.51%$2M1.00M
51HLITHarmonic IncCOM0.50%$2M416.0K
52CDNSCadence Design Systems IncCOM0.48%$2M21.1K
53Inuvo IncCOM0.46%$2M5.89M
54RMNIRimini Street IncCOM0.45%$2M650.0K
55PDPagerDuty IncCOM0.45%$2M77.0K
56RADA Electronic Industries LtdCOM0.45%$2M350.0K
57Celestica IncCOM0.45%$2M300.0K
58DZSIQDZS IncCOM0.43%$2M211.8K
59Xilinx IncCOM0.43%$2M19.0K
60Talend SAADR0.41%$2M48.5K
61AGYSAgilysys IncCOM0.40%$2M77.0K
62DSP Group IncCOM0.39%$2M137.0K
63CalAmp CorpCOM0.39%$2M250.0K
64ACCSIssuer Direct CorpCOM0.38%$2M90.0K
65VERIVeritone IncCOM0.37%$2M190.0K
66Tufin Software Technologies LtdCOM0.37%$2M210.0K
67Alteryx IncCOM0.37%$2M15.2K
68BABAAlibaba Group Holding LtdADR0.37%$2M5.8K
69AKAMAkamai Technologies IncCOM0.36%$2M15.2K
70Silicom LtdCOM0.35%$2M50.0K
71IMOSChipMOS TECHNOLOGIES INCADR0.35%$2M83.5K
72YELPYelp IncCOM0.35%$2M80.0K
73TSEMTower Semiconductor LtdCOM0.34%$2M87.0K
74OSSOne Stop Systems IncCOM0.34%$2M746.2K
75RADCOM LtdCOM0.32%$1M161.0K
76MRAMEverspin Technologies IncCOM0.31%$1M255.0K
77TERTeradyne IncCOM0.31%$1M17.9K
78MUMicron Technology IncCOM0.25%$1M25.0K
79Ping Identity Holding CorpCOM0.25%$1M37.5K
80Check Point Software Technologies LtdCOM0.24%$1M9.2K
81INTCIntel CorpCOM0.21%$983,00019.0K
82MTLSMaterialise NVADR0.21%$979,00087.5K
83Arista Networks IncCOM0.20%$951,0004.6K
84AXTIAXT IncCOM0.20%$918,000150.0K
85Sonim Technologies IncCOM0.19%$876,0001.13M
86NeoPhotonics CorpCOM0.18%$852,000140.0K
87NVDANVIDIA CorpCOM0.17%$784,0001.4K
88TSMTaiwan Semiconductor Manufacturing Co LtdADR0.17%$770,0009.5K
89MDLAMedallia IncCOM0.15%$684,00025.0K
90NTAPNetApp IncCOM0.14%$668,00015.3K
91ARWArrow Electronics IncCOM0.13%$613,0007.8K
92LASRnLight IncCOM0.13%$586,00025.0K
93IAC/InterActiveCorpCOM0.11%$491,0004.1K
94LDOSLeidos Holdings IncCOM0.08%$366,0004.1K
95TGENTecogen Inc/Waltham MACOM0.06%$292,000321.1K
96CYREN LtdCOM0.01%$31,00028.0K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$718M97May 13, 202613F-HRchanges · EDGAR ↗
Q4 2025$766M97Feb 13, 202613F-HRchanges · EDGAR ↗
Q3 2025$751M94Nov 7, 202513F-HRchanges · EDGAR ↗
Q2 2025$674M94Jul 22, 202513F-HRchanges · EDGAR ↗
Q1 2025$533M95May 12, 202513F-HRchanges · EDGAR ↗
Q4 2024$611M94Feb 13, 202513F-HRchanges · EDGAR ↗
Q3 2024$580M94Nov 13, 202413F-HRchanges · EDGAR ↗
Q2 2024$610M96Aug 9, 202413F-HRchanges · EDGAR ↗
Q1 2024$617M98May 13, 202413F-HRchanges · EDGAR ↗
Q4 2023$524M98Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$470M101Nov 13, 202313F-HRchanges · EDGAR ↗
Q2 2023$515M100Jul 25, 202313F-HRchanges · EDGAR ↗
Q1 2023Under review96May 4, 202313F-HRchanges · EDGAR ↗
Q4 2022Under review96Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$406M102Nov 7, 202213F-HRchanges · EDGAR ↗
Q2 2022$431M105Aug 4, 202213F-HRchanges · EDGAR ↗
Q1 2022$549M107May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$616M102Feb 15, 202213F-HRchanges · EDGAR ↗
Q3 2021$608M102Nov 12, 202113F-HRchanges · EDGAR ↗
Q2 2021$614M100Aug 13, 202113F-HRchanges · EDGAR ↗
Q1 2021$575M100May 14, 202113F-HRchanges · EDGAR ↗
Q4 2020$561M94Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$464M96Nov 12, 202013F-HRchanges · EDGAR ↗
Q2 2020$428M94Aug 7, 202013F-HRchanges · EDGAR ↗
Q1 2020$330M93May 14, 202013F-HRchanges · EDGAR ↗
Q4 2019$392M90Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$336M88Nov 21, 201913F-HRchanges · EDGAR ↗
Q2 2019$359M92Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$393M97May 14, 201913F-HRchanges · EDGAR ↗
Q4 2018$312M90Feb 15, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.