Herald Investment Management Ltd 13F annual report
Herald Investment Management Ltd is an investment fund managing more than $610 billion ran by Andrew Miller. There are currently 96 companies in Mr. Miller’s portfolio. The largest investments include Super Micro Computer Inc and Fabrinet, together worth $115 billion.
$610 billion Assets Under Management (AUM)
As of 2nd August 2024, Herald Investment Management Ltd’s top holding is 85,300 shares of Super Micro Computer Inc currently worth over $69.6 billion and making up 11.4% of the portfolio value.
Relative to the number of outstanding shares of Super Micro Computer Inc, Herald Investment Management Ltd owns more than approximately 0.1% of the company.
In addition, the fund holds 183,550 shares of Fabrinet worth $44.9 billion, whose value grew 0.6% in the past six months.
The third-largest holding is Silicon Motion Technology Corp worth $31.1 billion and the next is Celestica worth $28.4 billion, with 495,700 shares owned.
Currently, Herald Investment Management Ltd's portfolio is worth at least $610 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Herald Investment Management Ltd
The Herald Investment Management Ltd office and employees reside in London, United Kingdom. According to the last 13-F report filed with the SEC, Andrew Miller serves as the Finance Manager at Herald Investment Management Ltd.
Recent trades
In the most recent 13F filing, Herald Investment Management Ltd revealed that it had opened a new position in
PDF Solutions and bought 75,000 shares worth $2.72 billion.
This means they effectively own approximately 0.1% of the company.
PDF Solutions makes up
0.7%
of the fund's Technology sector allocation and has decreased its share price by 17.4% in the past year.
The investment fund also strengthened its position in Harmonic by buying
35,000 additional shares.
This makes their stake in Harmonic total 785,000 shares worth $9.23 billion.
Harmonic soared 27.4% in the past year.
On the other hand, there are companies that Herald Investment Management Ltd is getting rid of from its portfolio.
Herald Investment Management Ltd closed its position in Akoustis Technologies Inc on 9th August 2024.
It sold the previously owned 4,303,636 shares for $2.53 billion.
Andrew Miller also disclosed a decreased stake in Fabrinet by approximately 0.1%.
This leaves the value of the investment at $44.9 billion and 183,550 shares.
One of the average hedge funds
The two most similar investment funds to Herald Investment Management Ltd are Naviter Wealth and J.p. Marvel Investment Advisors. They manage $610 billion and $610 billion respectively.
Andrew Miller investment strategy
Herald Investment Management Ltd’s portfolio is diversified across 8 sectors.
Currently, their heaviest sector is Technology — making up 66.1% of
the total portfolio value.
The fund focuses on investments in the United States as
63.5% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
17% of the total holdings value.
On the other hand, small-cap stocks make up only 7.3% of the portfolio.
The average market cap of the portfolio companies is close to $79.5 billion.
The complete list of Herald Investment Management Ltd trades based on 13F SEC filings
These positions were updated on August 9th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Super Micro Computer Inc |
No change
85,300
|
$69,624,419,000 | 11.41% |
| Fabrinet |
1.34%
183,550
|
$44,881,646,000 | 7.35% |
| Silicon Motion Technology Corp |
No change
384,906
|
$31,135,046,000 | 5.10% |
| Celestica, Inc. |
No change
495,700
|
$28,393,696,000 | 4.65% |
| Varonis Systems Inc |
No change
478,500
|
$22,948,860,000 | 3.76% |
| Descartes Systems Group Inc/the |
4.17%
230,000
|
$22,243,300,000 | 3.65% |
| Pegasystems Inc. |
No change
347,500
|
$21,002,900,000 | 3.44% |
| Arlo Technologies Inc |
No change
1,277,000
|
$16,639,310,000 | 2.73% |
| Radware |
No change
800,000
|
$14,592,000,000 | 2.39% |
| CyberArk Software Ltd |
No change
48,300
|
$13,192,662,000 | 2.16% |
| Microsoft Corporation |
3.70%
26,000
|
$11,616,020,000 | 1.90% |
| Cogent Communications Holdings Inc |
No change
200,600
|
$11,317,852,000 | 1.85% |
| SPS Commerce Inc. |
7.69%
60,000
|
$11,271,000,000 | 1.85% |
| Qualys Inc |
No change
74,000
|
$10,550,920,000 | 1.73% |
| Harmonic, Inc. |
4.67%
785,000
|
$9,231,600,000 | 1.51% |
| Leonardo DRS, Inc. |
No change
350,000
|
$8,925,000,000 | 1.46% |
| Kulicke Soffa Industries Inc |
No change
178,100
|
$8,758,958,000 | 1.44% |
| Alphabet Inc |
No change
46,900
|
$8,538,614,000 | 1.40% |
| Amazon.com Inc. |
No change
43,700
|
$8,448,958,000 | 1.38% |
| Tower Semiconductor Ltd. |
No change
198,000
|
$7,783,380,000 | 1.28% |
| AvePoint Inc |
No change
700,000
|
$7,294,000,000 | 1.20% |
| FormFactor Inc. |
No change
118,300
|
$7,161,882,000 | 1.17% |
| JFrog Ltd |
No change
190,000
|
$7,134,500,000 | 1.17% |
| Advanced Micro Devices Inc. |
No change
42,350
|
$6,866,629,000 | 1.13% |
| American Software Inc/ga |
7.14%
750,000
|
$6,862,500,000 | 1.12% |
| Vicor Corp. |
11.11%
200,000
|
$6,616,000,000 | 1.08% |
| Veeco Instruments Inc |
16.67%
140,000
|
$6,536,600,000 | 1.07% |
| N-able Inc |
No change
413,000
|
$6,285,860,000 | 1.03% |
| Ceva Inc. |
No change
325,000
|
$6,256,250,000 | 1.03% |
| Franklin Covey Co. |
No change
160,000
|
$6,075,200,000 | 1.00% |
| Arista Networks Inc |
No change
17,000
|
$5,957,310,000 | 0.98% |
| Healthstream Inc |
No change
200,000
|
$5,572,000,000 | 0.91% |
| Apple Inc |
No change
25,000
|
$5,258,250,000 | 0.86% |
| Red Violet Inc |
No change
200,000
|
$5,034,000,000 | 0.82% |
| First Advantage Corp |
No change
300,000
|
$4,803,000,000 | 0.79% |
| Micron Technology Inc. |
No change
36,000
|
$4,734,000,000 | 0.78% |
| Quicklogic Corp |
No change
454,154
|
$4,700,494,000 | 0.77% |
| Ribbon Communications Inc |
No change
1,415,869
|
$4,629,892,000 | 0.76% |
| Aviat Networks Inc |
3.33%
155,000
|
$4,434,550,000 | 0.73% |
| Vertex Inc |
No change
120,000
|
$4,327,200,000 | 0.71% |
| Alkami Technology Inc |
No change
150,000
|
$4,266,000,000 | 0.70% |
| Avidxchange Holdings Inc |
No change
350,000
|
$4,221,000,000 | 0.69% |
| Lantronix Inc |
17.65%
1,000,000
|
$3,550,000,000 | 0.58% |
| Bandwidth Inc |
No change
210,000
|
$3,542,700,000 | 0.58% |
| Intellicheck Inc |
No change
1,000,000
|
$3,390,000,000 | 0.56% |
| Couchbase Inc |
9.09%
180,000
|
$3,283,200,000 | 0.54% |
| Valens Semiconductor Ltd |
No change
998,963
|
$3,186,692,000 | 0.52% |
| Teradyne, Inc. |
No change
20,600
|
$3,054,774,000 | 0.50% |
| Vishay Precision Group Inc |
No change
100,000
|
$3,042,000,000 | 0.50% |
| Yelp Inc |
No change
80,000
|
$2,955,200,000 | 0.48% |
| Five9 Inc |
6.56%
65,000
|
$2,866,500,000 | 0.47% |
| nLIGHT Inc |
4.00%
260,000
|
$2,841,800,000 | 0.47% |
| Everspin Technologies Inc |
41.74%
474,817
|
$2,834,657,000 | 0.46% |
| BigCommerce Holdings, Inc. |
No change
350,000
|
$2,814,000,000 | 0.46% |
| PDF Solutions Inc. |
Opened
75,000
|
$2,724,750,000 | 0.45% |
| Power Integrations Inc. |
No change
38,000
|
$2,665,700,000 | 0.44% |
| Rimini Street Inc. |
No change
850,000
|
$2,609,500,000 | 0.43% |
| Ooma Inc |
No change
260,000
|
$2,563,600,000 | 0.42% |
| OneSpan Inc |
No change
200,000
|
$2,562,000,000 | 0.42% |
| Radcom |
No change
275,000
|
$2,552,000,000 | 0.42% |
| Akoustis Technologies Inc |
Closed
4,303,636
|
$2,532,259,000 | |
| Jamf Holding Corp |
No change
150,000
|
$2,473,500,000 | 0.41% |
| Climb Global Solutions Inc |
2.98%
40,000
|
$2,447,200,000 | 0.40% |
| Thryv Holdings Inc |
No change
134,651
|
$2,395,441,000 | 0.39% |
| Arteris Inc |
No change
300,000
|
$2,250,000,000 | 0.37% |
| Dynatrace Inc |
No change
50,000
|
$2,236,000,000 | 0.37% |
| ADTRAN Holdings Inc |
No change
400,000
|
$2,100,000,000 | 0.34% |
| Chipmos Technologies Inc |
No change
78,394
|
$2,045,299,000 | 0.34% |
| Integral Ad Science Holding Corp |
No change
200,000
|
$1,944,000,000 | 0.32% |
| Silicom Ltd |
No change
125,000
|
$1,882,500,000 | 0.31% |
| Arrow Electronics Inc. |
No change
15,200
|
$1,834,336,000 | 0.30% |
| Cit Inc |
No change
355,000
|
$1,831,800,000 | 0.30% |
| Viasat, Inc. |
Closed
100,000
|
$1,807,000,000 | |
| Spire Global Inc |
10.00%
165,000
|
$1,783,650,000 | 0.29% |
| Kyndryl Holdings Inc |
No change
67,000
|
$1,761,430,000 | 0.29% |
| SecureWorks Corp |
No change
250,000
|
$1,747,500,000 | 0.29% |
| Taiwan Semiconductor Manufacturing Co Ltd |
No change
9,500
|
$1,651,385,000 | 0.27% |
| Genasys Inc |
No change
750,000
|
$1,575,000,000 | 0.26% |
| Inuvo Inc |
No change
6,092,857
|
$1,565,255,000 | 0.26% |
| Cadence Design Systems, Inc. |
No change
5,000
|
$1,538,200,000 | 0.25% |
| Zoom Video Communications Inc |
No change
25,910
|
$1,533,095,000 | 0.25% |
| Check Point Software Technologies Ltd. |
No change
9,200
|
$1,517,908,000 | 0.25% |
| Akamai Technologies Inc |
No change
15,200
|
$1,368,912,000 | 0.22% |
| Freshworks Inc |
No change
90,000
|
$1,142,100,000 | 0.19% |
| Cognyte Software Ltd |
No change
150,000
|
$1,140,000,000 | 0.19% |
| UiPath, Inc. |
No change
87,000
|
$1,101,420,000 | 0.18% |
| Brightcove Inc |
No change
425,000
|
$998,750,000 | 0.16% |
| Digital Turbine Inc |
No change
600,000
|
$990,000,000 | 0.16% |
| One Stop Systems Inc |
21.74%
379,059
|
$898,370,000 | 0.15% |
| Aware Inc/ma |
No change
430,000
|
$847,100,000 | 0.14% |
| TTEC Holdings Inc |
No change
140,000
|
$821,800,000 | 0.13% |
| Texas Instruments Inc. |
No change
4,100
|
$797,040,000 | 0.13% |
| Issuer Direct Corp |
No change
90,000
|
$699,300,000 | 0.11% |
| Emcore Corp. |
Closed
2,000,000
|
$690,000,000 | |
| Electrovaya Inc |
No change
250,000
|
$640,000,000 | 0.10% |
| Intel Corp. |
No change
19,000
|
$587,860,000 | 0.10% |
| Quantum Corp |
No change
1,000,000
|
$426,000,000 | 0.07% |
| Streamline Health Solutions, Inc |
10.69%
835,464
|
$392,668,000 | 0.06% |
| Solaredge Technologies Inc |
No change
4,400
|
$110,968,000 | 0.02% |
| No transactions found | |||
| Showing first 500 out of 99 holdings | |||
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