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HERALD INVESTMENT MANAGEMENT Ltd

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13F filer, CIK 1512022, LONDON, United Kingdom

HERALD INVESTMENT MANAGEMENT Ltd reported $765,529,812 across 97 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-02-13. Its ten largest share positions make up 41% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001512022-26-000004

Period
2025-12-31
Reported value
$766M
Holdings
97
Top 10 weight
41%
New
7
Sold out
4

Largest buys vs the previous quarter

SecurityShares changeApprox. value
DOCNnew+202,000$9.71M
PLUSnew+75,000$6.56M
VIAVnew+275,000$4.9M
BRZEnew+125,000$4.29M
POWIadded+112,000$3.98M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
CLSreduced-105,500-$31.2M
FNreduced-38,000-$17.3M
AVIDXCHANGE HOLDINGS INCexited-500,000-$4.97M
AMDreduced-10,200-$2.18M
TSEMreduced-18,000-$2.11M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q4 2025

Share positions as resolved from 13F-HR 0001512022-26-000004, largest first. % of portfolio is the value over $765,529,812, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
CLSCELESTICA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 465,700 shares; 2025Q1: 423,200 shares; 2025Q2: 390,700 shares; 2025Q3: 335,000 shares; 2025Q4: 229,500 shares 229,500$67.9M8.87%-105,500Timeline
FNFABRINETQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 178,550 shares; 2025Q1: 169,500 shares; 2025Q2: 154,600 shares; 2025Q3: 145,600 shares; 2025Q4: 107,600 shares 107,600$48.9M6.39%-38,000Timeline
PEGAPEGASYSTEMS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 347,500 shares; 2025Q1: 351,800 shares; 2025Q2: 703,600 shares; 2025Q3: 703,600 shares; 2025Q4: 703,600 shares 703,600$42M5.49%0Timeline
SIMOSILICON MOTION TECHNOLOGY COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 384,906 shares; 2025Q1: 384,906 shares; 2025Q2: 384,906 shares; 2025Q3: 384,906 shares; 2025Q4: 384,906 shares 384,906$35.6M4.66%0Timeline
VICRVICOR CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 200,000 shares; 2025Q1: 230,000 shares; 2025Q2: 230,000 shares; 2025Q3: 250,000 shares; 2025Q4: 245,000 shares 245,000$26.8M3.51%-5,000Timeline
TSEMTOWER SEMICONDUCTOR LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 198,000 shares; 2025Q1: 198,000 shares; 2025Q2: 198,000 shares; 2025Q3: 198,000 shares; 2025Q4: 180,000 shares 180,000$21.1M2.76%-18,000Timeline
SMCISUPER MICRO COMPUTER INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 754,500 shares; 2025Q1: 754,500 shares; 2025Q2: 754,500 shares; 2025Q3: 719,500 shares; 2025Q4: 709,500 shares 709,500$20.8M2.71%-10,000Timeline
ARLOARLO TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 1,277,000 shares; 2025Q1: 1,277,000 shares; 2025Q2: 1,277,000 shares; 2025Q3: 1,277,000 shares; 2025Q4: 1,307,000 shares 1,307,000$18.3M2.39%+30,000Timeline
RDWRRADWARE LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 725,000 shares; 2025Q1: 725,000 shares; 2025Q2: 675,000 shares; 2025Q3: 675,000 shares; 2025Q4: 675,000 shares 675,000$16.3M2.12%0Timeline
DSGXDESCARTES SYS GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 190,000 shares; 2025Q1: 185,000 shares; 2025Q2: 185,000 shares; 2025Q3: 185,000 shares; 2025Q4: 185,000 shares 185,000$16.2M2.12%0Timeline
VRNSVARONIS SYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 443,500 shares; 2025Q1: 443,500 shares; 2025Q2: 443,500 shares; 2025Q3: 443,500 shares; 2025Q4: 483,500 shares 483,500$15.9M2.07%+40,000Timeline
FROGJFROG LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 250,000 shares; 2025Q1: 250,000 shares; 2025Q2: 250,000 shares; 2025Q3: 250,000 shares; 2025Q4: 230,000 shares 230,000$14.3M1.87%-20,000Timeline
GOOGLALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 46,900 shares; 2025Q1: 50,200 shares; 2025Q2: 50,200 shares; 2025Q3: 50,200 shares; 2025Q4: 44,100 shares 44,100$13.8M1.8%-6,100Timeline
KLICKULICKE & SOFFA INDS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 248,100 shares; 2025Q1: 296,100 shares; 2025Q2: 296,100 shares; 2025Q3: 296,100 shares; 2025Q4: 276,100 shares 276,100$12.6M1.64%-20,000Timeline
MSFTMICROSOFT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 25,245 shares; 2025Q1: 26,745 shares; 2025Q2: 24,300 shares; 2025Q3: 24,300 shares; 2025Q4: 25,800 shares 25,800$12.5M1.63%+1,500Timeline
AVPTAVEPOINT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 700,000 shares; 2025Q1: 700,000 shares; 2025Q2: 700,000 shares; 2025Q3: 700,000 shares; 2025Q4: 850,000 shares 850,000$11.8M1.54%+150,000Timeline
ALKTALKAMI TECHNOLOGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 150,000 shares; 2025Q1: 150,000 shares; 2025Q2: 180,000 shares; 2025Q3: 400,000 shares; 2025Q4: 500,000 shares 500,000$11.5M1.51%+100,000Timeline
AMZNAMAZON COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 43,700 shares; 2025Q1: 46,400 shares; 2025Q2: 46,400 shares; 2025Q3: 46,400 shares; 2025Q4: 49,400 shares 49,400$11.4M1.49%+3,000Timeline
RDVTRED VIOLET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 200,000 shares; 2025Q1: 200,000 shares; 2025Q2: 200,000 shares; 2025Q3: 200,000 shares; 2025Q4: 200,000 shares 200,000$11.4M1.49%0Timeline
ELVAELECTROVAYA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 1,180,000 shares; 2025Q1: 1,180,000 shares; 2025Q2: 1,265,000 shares; 2025Q3: 1,265,000 shares; 2025Q4: 1,440,000 shares 1,440,000$11.3M1.48%+175,000Timeline
CEVACEVA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 325,000 shares; 2025Q1: 325,000 shares; 2025Q2: 400,000 shares; 2025Q3: 450,000 shares; 2025Q4: 520,000 shares 520,000$11.2M1.46%+70,000Timeline
DRSLEONARDO DRS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 320,000 shares; 2025Q1: 320,000 shares; 2025Q2: 300,000 shares; 2025Q3: 285,000 shares; 2025Q4: 285,000 shares 285,000$9.71M1.27%0Timeline
DOCNDIGITALOCEAN HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 202,000 shares 202,000$9.71M1.27%newTimeline
MUMICRON TECHNOLOGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 36,000 shares; 2025Q1: 36,000 shares; 2025Q2: 36,000 shares; 2025Q3: 36,000 shares; 2025Q4: 33,500 shares 33,500$9.56M1.25%-2,500Timeline
QLYSQUALYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 65,000 shares; 2025Q1: 65,000 shares; 2025Q2: 65,000 shares; 2025Q3: 65,000 shares; 2025Q4: 65,000 shares 65,000$8.63M1.13%0Timeline
LASRNLIGHT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 260,000 shares; 2025Q1: 260,000 shares; 2025Q2: 260,000 shares; 2025Q3: 250,000 shares; 2025Q4: 215,000 shares 215,000$8.06M1.05%-35,000Timeline
HLITHARMONIC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 785,000 shares; 2025Q1: 785,000 shares; 2025Q2: 785,000 shares; 2025Q3: 785,000 shares; 2025Q4: 785,000 shares 785,000$7.76M1.01%0Timeline
CLMBCLIMB GLOBAL SOLUTIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 40,000 shares; 2025Q1: 40,000 shares; 2025Q2: 45,000 shares; 2025Q3: 50,000 shares; 2025Q4: 75,000 shares 75,000$7.71M1.01%+25,000Timeline
MRAMEVERSPIN TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 600,000 shares; 2025Q1: 600,000 shares; 2025Q2: 675,000 shares; 2025Q3: 800,000 shares; 2025Q4: 800,000 shares 800,000$7.39M0.97%0Timeline
VPGVISHAY PRECISION GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 100,000 shares; 2025Q1: 150,000 shares; 2025Q2: 150,000 shares; 2025Q3: 150,000 shares; 2025Q4: 190,000 shares 190,000$7.32M0.96%+40,000Timeline
FIVNFIVE9 INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 165,000 shares; 2025Q1: 210,600 shares; 2025Q2: 262,000 shares; 2025Q3: 282,000 shares; 2025Q4: 362,000 shares 362,000$7.25M0.95%+80,000Timeline
PLUSEPLUS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 75,000 shares 75,000$6.56M0.86%newTimeline
IDNINTELLICHECK MOBILISA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 1,000,000 shares; 2025Q1: 1,000,000 shares; 2025Q2: 1,000,000 shares; 2025Q3: 1,000,000 shares; 2025Q4: 975,569 shares 975,569$6.49M0.85%-24,431Timeline
PDFSPDF SOLUTIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 75,000 shares; 2025Q1: 200,000 shares; 2025Q2: 200,000 shares; 2025Q3: 200,000 shares; 2025Q4: 225,000 shares 225,000$6.42M0.84%+25,000Timeline
SPSCSPS COMM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 50,000 shares; 2025Q1: 47,500 shares; 2025Q2: 47,500 shares; 2025Q3: 55,000 shares; 2025Q4: 70,000 shares 70,000$6.24M0.82%+15,000Timeline
AIPARTERIS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 300,000 shares; 2025Q1: 300,000 shares; 2025Q2: 300,000 shares; 2025Q3: 400,000 shares; 2025Q4: 400,000 shares 400,000$6.19M0.81%0Timeline
FORMFORMFACTOR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 118,300 shares; 2025Q1: 118,300 shares; 2025Q2: 118,300 shares; 2025Q3: 118,300 shares; 2025Q4: 108,300 shares 108,300$6.04M0.79%-10,000Timeline
FAFIRST ADVANTAGE CORP NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 300,000 shares; 2025Q1: 300,000 shares; 2025Q2: 347,873 shares; 2025Q3: 365,000 shares; 2025Q4: 400,000 shares 400,000$5.8M0.76%+35,000Timeline
VECOVEECO INSTRS INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 175,000 shares; 2025Q1: 200,000 shares; 2025Q2: 200,000 shares; 2025Q3: 200,000 shares; 2025Q4: 200,000 shares 200,000$5.71M0.75%0Timeline
AAPLAPPLE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 25,000 shares; 2025Q1: 25,000 shares; 2025Q2: 20,400 shares; 2025Q3: 20,400 shares; 2025Q4: 20,400 shares 20,400$5.55M0.72%0Timeline
POWIPOWER INTEGRATIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 38,000 shares; 2025Q1: 38,000 shares; 2025Q2: 38,000 shares; 2025Q3: 38,000 shares; 2025Q4: 150,000 shares 150,000$5.33M0.7%+112,000Timeline
CCOICOGENT COMM HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 200,600 shares; 2025Q1: 200,600 shares; 2025Q2: 207,600 shares; 2025Q3: 242,600 shares; 2025Q4: 242,600 shares 242,600$5.23M0.68%0Timeline
DGIIDIGI INTL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: 80,000 shares; 2025Q2: 80,000 shares; 2025Q3: 100,000 shares; 2025Q4: 120,000 shares 120,000$5.19M0.68%+20,000Timeline
BELFBBEL FUSE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 24,000 shares; 2025Q1: 30,000 shares; 2025Q2: 30,000 shares; 2025Q3: 30,000 shares; 2025Q4: 30,000 shares 30,000$5.08M0.66%0Timeline
VIAVVIAVI SOLUTIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 275,000 shares 275,000$4.9M0.64%newTimeline
SMWBSIMILARWEB LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: 300,000 shares; 2025Q2: 600,000 shares; 2025Q3: 600,000 shares; 2025Q4: 645,465 shares 645,465$4.85M0.63%+45,465Timeline
CTSCTS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 100,000 shares; 2025Q4: 110,000 shares 110,000$4.71M0.62%+10,000Timeline
HSTMHEALTHSTREAM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 190,000 shares; 2025Q1: 190,000 shares; 2025Q2: 190,000 shares; 2025Q3: 190,000 shares; 2025Q4: 200,000 shares 200,000$4.61M0.6%+10,000Timeline
AMDADVANCED MICRO DEVICES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 38,220 shares; 2025Q1: 30,920 shares; 2025Q2: 30,920 shares; 2025Q3: 30,920 shares; 2025Q4: 20,720 shares 20,720$4.44M0.58%-10,200Timeline
KOPNKOPIN CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 1,535,000 shares; 2025Q1: 1,535,000 shares; 2025Q2: 1,535,000 shares; 2025Q3: 2,000,000 shares; 2025Q4: 1,900,000 shares 1,900,000$4.43M0.58%-100,000Timeline
QUIKQUICKLOGIC CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 730,379 shares; 2025Q1: 730,379 shares; 2025Q2: 730,379 shares; 2025Q3: 730,379 shares; 2025Q4: 730,379 shares 730,379$4.36M0.57%0Timeline
OUSTOUSTER INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: 200,000 shares; 2025Q2: 200,000 shares; 2025Q3: 190,000 shares; 2025Q4: 200,000 shares 200,000$4.33M0.57%+10,000Timeline
WKWORKIVA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 50,000 shares; 2025Q4: 50,000 shares 50,000$4.32M0.56%0Timeline
BRZEBRAZE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 125,000 shares 125,000$4.29M0.56%newTimeline
RDCMRADCOM LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 275,000 shares; 2025Q1: 275,000 shares; 2025Q2: 275,000 shares; 2025Q3: 300,000 shares; 2025Q4: 325,000 shares 325,000$4.22M0.55%+25,000Timeline
NOVTNOVANTA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 25,000 shares; 2025Q4: 35,000 shares 35,000$4.16M0.54%+10,000Timeline
VERXVERTEX INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 120,000 shares; 2025Q1: 110,000 shares; 2025Q2: 110,000 shares; 2025Q3: 200,000 shares; 2025Q4: 200,000 shares 200,000$3.99M0.52%0Timeline
MLABMESA LABS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 7,417 shares; 2025Q1: 12,500 shares; 2025Q2: 12,500 shares; 2025Q3: 50,000 shares; 2025Q4: 50,000 shares 50,000$3.92M0.51%0Timeline
RMNIRIMINI STR INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 850,000 shares; 2025Q1: 850,000 shares; 2025Q2: 850,000 shares; 2025Q3: 850,000 shares; 2025Q4: 1,000,000 shares 1,000,000$3.87M0.51%+150,000Timeline
SLPSIMULATIONS PLUS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 200,000 shares; 2025Q4: 200,000 shares 200,000$3.64M0.48%0Timeline
SLABSILICON LABORATORIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 27,500 shares; 2025Q4: 27,500 shares 27,500$3.59M0.47%0Timeline
MPTIM-TRON INDS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: 35,000 shares; 2025Q2: 35,000 shares; 2025Q3: 55,000 shares; 2025Q4: 67,000 shares 67,000$3.56M0.46%+12,000Timeline
AVNWAVIAT NETWORKS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 155,000 shares; 2025Q1: 155,000 shares; 2025Q2: 155,000 shares; 2025Q3: 155,000 shares; 2025Q4: 155,000 shares 155,000$3.31M0.43%0Timeline
PATHUIPATH INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 87,000 shares; 2025Q1: 161,280 shares; 2025Q2: 161,280 shares; 2025Q3: 161,280 shares; 2025Q4: 202,280 shares 202,280$3.31M0.43%+41,000Timeline
HIMXHIMAX TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: 230,000 shares; 2025Q2: 230,000 shares; 2025Q3: 400,000 shares; 2025Q4: 400,000 shares 400,000$3.28M0.43%0Timeline
BANDBANDWIDTH INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 210,000 shares; 2025Q1: 210,000 shares; 2025Q2: 210,000 shares; 2025Q3: 210,000 shares; 2025Q4: 210,000 shares 210,000$3.24M0.42%0Timeline
TERTERADYNE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 20,600 shares; 2025Q1: 20,600 shares; 2025Q2: 20,600 shares; 2025Q3: 20,600 shares; 2025Q4: 16,600 shares 16,600$3.21M0.42%-4,000Timeline
POWLPOWELL INDS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 10,000 shares 10,000$3.19M0.42%newTimeline
CSGSCSG SYS INTL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 41,240 shares 41,240$3.16M0.41%newTimeline
NABLN-ABLE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 413,000 shares; 2025Q1: 413,000 shares; 2025Q2: 413,000 shares; 2025Q3: 413,000 shares; 2025Q4: 413,000 shares 413,000$3.09M0.4%0Timeline
OOMAOOMA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 260,000 shares; 2025Q1: 260,000 shares; 2025Q2: 260,000 shares; 2025Q3: 260,000 shares; 2025Q4: 260,000 shares 260,000$3.04M0.4%0Timeline
APPSDIGITAL TURBINE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 600,000 shares; 2025Q1: 600,000 shares; 2025Q2: 600,000 shares; 2025Q3: 600,000 shares; 2025Q4: 600,000 shares 600,000$2.99M0.39%0Timeline
FCFRANKLIN COVEY COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 160,000 shares; 2025Q1: 175,000 shares; 2025Q2: 175,000 shares; 2025Q3: 175,000 shares; 2025Q4: 175,000 shares 175,000$2.93M0.38%0Timeline
SPIRSPIRE GLOBAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 216,000 shares; 2025Q1: 230,000 shares; 2025Q2: 386,249 shares; 2025Q3: 386,249 shares; 2025Q4: 386,249 shares 386,249$2.89M0.38%0Timeline
CMRCCOMMERCE.COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 500,000 shares; 2025Q1: 625,000 shares; 2025Q2: 625,000 shares; 2025Q3: 700,000 shares; 2025Q4: 700,000 shares 700,000$2.88M0.38%0Timeline
OSPNONESPAN INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 200,000 shares; 2025Q1: 200,000 shares; 2025Q2: 200,000 shares; 2025Q3: 200,000 shares; 2025Q4: 200,000 shares 200,000$2.57M0.34%0Timeline
ANETARISTA NETWORKS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 61,464 shares; 2025Q1: 22,700 shares; 2025Q2: 22,700 shares; 2025Q3: 22,700 shares; 2025Q4: 18,700 shares 18,700$2.45M0.32%-4,000Timeline
CINTCI&T INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 355,000 shares; 2025Q1: 355,000 shares; 2025Q2: 450,000 shares; 2025Q3: 450,000 shares; 2025Q4: 600,000 shares 600,000$2.44M0.32%+150,000Timeline
FRSHFRESHWORKS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 90,000 shares; 2025Q1: 90,000 shares; 2025Q2: 90,000 shares; 2025Q3: 190,000 shares; 2025Q4: 190,000 shares 190,000$2.33M0.3%0Timeline
RBBNRIBBON COMMUNICATIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 1,123,678 shares; 2025Q1: 912,869 shares; 2025Q2: 912,869 shares; 2025Q3: 912,869 shares; 2025Q4: 800,000 shares 800,000$2.3M0.3%-112,869Timeline
ZMZOOM COMMUNICATIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 25,910 shares; 2025Q1: 25,910 shares; 2025Q2: 25,910 shares; 2025Q3: 25,910 shares; 2025Q4: 25,910 shares 25,910$2.24M0.29%0Timeline
DTDYNATRACE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 50,000 shares; 2025Q1: 50,000 shares; 2025Q2: 50,000 shares; 2025Q3: 50,000 shares; 2025Q4: 50,000 shares 50,000$2.17M0.28%0Timeline
ALNTALLIENT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 40,000 shares 40,000$2.14M0.28%newTimeline
KDKYNDRYL HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 67,000 shares; 2025Q1: 67,000 shares; 2025Q2: 67,000 shares; 2025Q3: 67,000 shares; 2025Q4: 80,000 shares 80,000$2.12M0.28%+13,000Timeline
TGENTECOGEN INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 321,078 shares; 2025Q3: 446,078 shares; 2025Q4: 420,000 shares 420,000$2.08M0.27%-26,078Timeline
SILCSILICOM LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 125,000 shares; 2025Q1: 125,000 shares; 2025Q2: 125,000 shares; 2025Q3: 125,000 shares; 2025Q4: 125,000 shares 125,000$1.8M0.24%0Timeline
ADTNADTRAN HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 300,000 shares; 2025Q1: 200,000 shares; 2025Q2: 200,000 shares; 2025Q3: 200,000 shares; 2025Q4: 200,000 shares 200,000$1.74M0.23%0Timeline
Check Point Software Techno…Check Point Software Technologies…Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 9,200 shares; 2025Q1: 9,200 shares; 2025Q2: 9,200 shares; 2025Q3: 9,200 shares; 2025Q4: 9,200 shares 9,200$1.7M0.22%0
ARWARROW ELECTRS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 15,200 shares; 2025Q1: 15,200 shares; 2025Q2: 15,200 shares; 2025Q3: 15,200 shares; 2025Q4: 15,200 shares 15,200$1.68M0.22%0Timeline
GNSSGENASYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 750,000 shares; 2025Q1: 750,000 shares; 2025Q2: 750,000 shares; 2025Q3: 750,000 shares; 2025Q4: 700,000 shares 700,000$1.5M0.2%-50,000Timeline
VLNVALENS SEMICONDUCTOR LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 950,000 shares; 2025Q1: 950,000 shares; 2025Q2: 950,000 shares; 2025Q3: 950,000 shares; 2025Q4: 950,000 shares 950,000$1.34M0.17%0Timeline
FORRFORRESTER RESH INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: 150,000 shares; 2025Q2: 150,000 shares; 2025Q3: 150,000 shares; 2025Q4: 150,000 shares 150,000$1.22M0.16%0Timeline
Freightos LtdFreightos LtdQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 500,000 shares; 2025Q1: 500,000 shares; 2025Q2: 500,000 shares; 2025Q3: 500,000 shares; 2025Q4: 500,000 shares 500,000$1.14M0.15%0
BELFABEL FUSE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 4,000 shares; 2025Q1: 7,500 shares; 2025Q2: 7,500 shares; 2025Q3: 7,500 shares; 2025Q4: 7,500 shares 7,500$1.13M0.15%0Timeline
AWREAWARE INC MASSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 430,000 shares; 2025Q1: 430,000 shares; 2025Q2: 430,000 shares; 2025Q3: 430,000 shares; 2025Q4: 430,000 shares 430,000$796K0.1%0Timeline
TXNTEXAS INSTRS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 4,100 shares; 2025Q1: 4,100 shares; 2025Q2: 4,100 shares; 2025Q3: 4,100 shares; 2025Q4: 4,100 shares 4,100$711K0.09%0Timeline
INTCINTEL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 19,000 shares; 2025Q1: 19,000 shares; 2025Q2: 19,000 shares; 2025Q3: 19,000 shares; 2025Q4: 19,000 shares 19,000$701K0.09%0Timeline

Sold out in Q4 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
AVIDXCHANGE HOLDINGS INCAVIDXCHANGE HOLDINGS INC500,000$4.97Mshares
INUVINUVO INC573,773$2.01Mshares
LTRXLANTRONIX INC400,000$1.82Mshares
ACCSACCESS NEWSWIRE INC90,000$956Kshares

How Q4 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001512022-26-000004 base2026-02-13acceptance time not in the bulk data set