1y return+82.6%S&P 500 +20.9%
3y return+133.4%S&P 500 +68.5%
5y return+120.0%S&P 500 +74.5%
10y return+708.1%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $808 against $357 in the S&P 500.2
HERALD INVESTMENT MANAGEMENT LtdS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| SIMOSilicon Motion Technology Corp | $49.2M | 6.7% | −59.8% |
| CLSCelestica Inc | $30.1M | 4.1% | −60.6% |
| VICRVicor Corp | $29.3M | 4.0% | −65.0% |
| Tower Semiconductor LtdCUSIP M87915274 | $25.8M | 3.5% | −40.4% |
| KLICKulicke & Soffa Industries Inc | $23.6M | 3.2% | −27.7% |
| FabrinetCUSIP G3323L100 | $23.4M | 3.2% | −58.4% |
| DOCNDigitalOcean Holdings Inc | $23.2M | 3.1% | −32.0% |
| MUMicron Technology Inc | $20.8M | 2.8% | −15.8% |
| CEVACeva Inc | $17.4M | 2.4% | −29.0% |
| PEGAPegasystems Inc | $16.6M | 2.3% | −19.2% |
| RDVTRed Violet Inc | $16.2M | 2.2% | +33.7% |
| VRNSVaronis Systems Inc | $16.0M | 2.2% | −17.8% |
| GOOGLAlphabet Inc | $15.7M | 2.1% | |
| ARLOArlo Technologies Inc | $15.3M | 2.1% | −17.6% |
| AIPArteris Inc | $14.4M | 2.0% | −25.8% |
| RADWARE LtdCUSIP M81873107 | $14.1M | 1.9% | −29.7% |
| JFrog LtdCUSIP M6191J100 | $14.0M | 1.9% | −23.2% |
| VPGVishay Precision Group Inc | $12.5M | 1.7% | −50.7% |
| SMCISuper Micro Computer Inc | $12.4M | 1.7% | −39.7% |
| AMZNAmazon.com Inc | $11.8M | 1.6% | |
| AMDAdvanced Micro Devices Inc | $10.9M | 1.5% | −9.2% |
| VSHVishay Intertechnology Inc | $9.7M | 1.3% | −39.8% |
| MSFTMicrosoft Corp | $9.6M | 1.3% | |
| DRSLeonardo DRS Inc | $9.4M | 1.3% | −23.0% |
| PDFSPDF Solutions Inc | $8.5M | 1.1% | −40.2% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| Tower Semiconductor LtdCUSIP M87915274 | June 30, 2020 | +1265.3% | $25.8M |
| AIPArteris Inc | March 31, 2023 | +1048.7% | $14.4M |
| AMDAdvanced Micro Devices Inc | June 30, 2020 | +1004.1% | $10.9M |
| FabrinetCUSIP G3323L100 | June 30, 2020 | +800.5% | $23.4M |
| CLSCelestica Inc | March 31, 2024 | +711.7% | $30.1M |
| SIMOSilicon Motion Technology Corp | June 30, 2020 | +583.5% | $49.2M |
| KLICKulicke & Soffa Industries Inc | June 30, 2020 | +542.1% | $23.6M |
| TERTeradyne Inc | June 30, 2020 | +472.5% | $7.2M |
| VICRVicor Corp | June 30, 2020 | +427.8% | $29.3M |
| GOOGLAlphabet Inc | June 30, 2020 | +404.0% | $15.7M |
Sold off last quarter
- CSG Systems International IncCUSIP 126349109 was $3.3M
- GNSSGenasys Inc was $763K
- NABLN-Able Inc was $294K
- RBBNRibbon Communications Inc was $212K
- M-Tron Industries IncCUSIP 55380K133 was $116K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +54.8% | +14.8% |
| March 31, 2026 | +1.3% | −4.6% |
| December 31, 2025 | +3.3% | +2.4% |
| September 30, 2025 | +12.8% | +7.8% |
| June 30, 2025 | +29.0% | +10.5% |
| March 31, 2025 | −13.3% | −4.6% |
| December 31, 2024 | +5.3% | +2.1% |
| September 30, 2024 | −4.9% | +5.4% |
| June 30, 2024 | −1.0% | +4.0% |
| March 31, 2024 | +6.1% | +10.0% |
| December 31, 2023 | +13.5% | +11.2% |
| September 30, 2023 | −4.3% | −3.6% |
| June 30, 2023 | +18.0% | +8.3% |
| March 31, 2023 | +9.9% | +7.0% |
| December 31, 2022 | +3.8% | +7.1% |
| September 30, 2022 | −4.5% | −5.3% |
| June 30, 2022 | −16.9% | −16.5% |
| March 31, 2022 | −12.7% | −4.9% |
| December 31, 2021 | +1.8% | +10.7% |
| September 30, 2021 | −0.8% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: HERALD INVESTMENT MANAGEMENT Ltd Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1512022&type=13F-HR&dateb=&owner=include&count=40CIK 1512022
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1512022/000151202226000006/Filed July 23, 2026 · accession 0001512022-26-000006