Herald Investment Management Ltd

Q3 2025 13F-HR Holdings

Location
London, X0
Holdings as of
9/30/2025
Date filed
11/7/2025
Form type
13F-HR
Num holdings
94
Total value ($000)
$750,745
Net value change ($000)
+76,482 (11.3%)
New positions
5
Sold out positions
5
Turnover %
5.9%
Sector allocation + QoQ delta (equities-only)
Prev filing: 7/22/2025 Next filing: 2/13/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
CLS 21,487 35.2%
FN 7,636 16.8%
SIMO 7,533 26.1%
TSEM 5,744 67.0%
ALKT 4,511 83.2%
WK 4,303 NEW
CTS 3,994 NEW
SLAB 3,606 NEW
GOOGL 3,357 38.0%
MRAM 3,177 74.9%
Top Reduces (Value $000, Stocks/ETFs)
CYBR -17,199 -100.0%
BASE -4,876 -100.0%
FARO TECHNOLOGIES INC -3,514 -100.0%
AVPT -3,017 -22.3%
SMCI -2,477 -6.7%
RDWR -1,944 -9.8%
DSGX -1,369 -7.3%
DRS -1,005 -7.2%
KD -800 -28.5%
VLN -788 -31.7%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type