# EDGAR Filing Document

**Accession Number:** 0001512022
**File Stem:** 0001512022-23-000001
**Filing Date:** 2023-2
**Character Count:** 12713
**Document Hash:** bc7c9c3a14e1e64cd982accbdd706de2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001512022-23-000001.hdr.sgml**: 20230214

**ACCESSION NUMBER**: 0001512022-23-000001

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230214

**DATE AS OF CHANGE**: 20230214

**EFFECTIVENESS DATE**: 20230214

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Herald Investment Management Ltd
- **CENTRAL INDEX KEY:** 0001512022
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** X0
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-14180
- **FILM NUMBER:** 23621962

**BUSINESS ADDRESS:**
- **STREET 1:** 10-11 CHARTERHOUSE SQUARE
- **CITY:** LONDON
- **STATE:** X0
- **ZIP:** EC1M 6EE
- **BUSINESS PHONE:** 0207 553 6308

**MAIL ADDRESS:**
- **STREET 1:** 10-11 CHARTERHOUSE SQUARE
- **CITY:** LONDON
- **STATE:** X0
- **ZIP:** EC1M 6EE

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Herald Investment Management Ltd<br>**Address:** 10-11 CHARTERHOUSE SQUARE<br>LONDON, X0 EC1M 6EE

**Form 13F File Number:** 028-14180

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** ANDREW MILLER<br>**Title:** FINANCE MANAGER<br>**Phone:** 00442075536308

**Signature, Place, and Date of Signing:**

ANDREW MILLER  LONDON, X0  02-14-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 96

**Form 13F Information Table Value Total:** $407424

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

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|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ADTRAN Holdings Inc | COM | 00486H105 |  | 5634 | 300000 | SH |  | SOLE | 0 | 300000 | 0 | 0 |
| AXT Inc | COM | 00246W103 |  | 654 | 150000 | SH |  | SOLE | 0 | 150000 | 0 | 0 |
| Absolute Software Corp | COM | 00386B109 |  | 5220 | 500000 | SH |  | SOLE | 0 | 500000 | 0 | 0 |
| Advanced Micro Devices Inc | COM | 007903107 |  | 3038 | 46905 | SH |  | SOLE | 0 | 46905 | 0 | 0 |
| Akamai Technologies Inc | COM | 00971T101 |  | 1281 | 15200 | SH |  | SOLE | 0 | 15200 | 0 | 0 |
| Akoustis Technologies Inc | COM | 00973N102 |  | 1772 | 628636 | SH |  | SOLE | 0 | 628636 | 0 | 0 |
| Alibaba Group Holding Ltd | ADR | 01609W102 |  | 510 | 5800 | SH |  | SOLE | 0 | 5800 | 0 | 0 |
| Alkami Technology Inc | COM | 01644J108 |  | 2188 | 150000 | SH |  | SOLE | 0 | 150000 | 0 | 0 |
| Alphabet Inc | COM | 02079K305 |  | 4137 | 46900 | SH |  | SOLE | 0 | 46900 | 0 | 0 |
| Amazon.com Inc | COM | 023135106 |  | 3417 | 40700 | SH |  | SOLE | 0 | 40700 | 0 | 0 |
| American Software Inc/GA | COM | 029683109 |  | 2846 | 194200 | SH |  | SOLE | 0 | 194200 | 0 | 0 |
| Amplitude Inc | COM | 03213A104 |  | 903 | 75000 | SH |  | SOLE | 0 | 75000 | 0 | 0 |
| Apple Inc | COM | 037833100 |  | 4546 | 35000 | SH |  | SOLE | 0 | 35000 | 0 | 0 |
| Arista Networks Inc | COM | 040413106 |  | 2233 | 18400 | SH |  | SOLE | 0 | 18400 | 0 | 0 |
| Arlo Technologies Inc | COM | 04206A101 |  | 3780 | 1077000 | SH |  | SOLE | 0 | 1077000 | 0 | 0 |
| Arrow Electronics Inc | COM | 042735100 |  | 1589 | 15200 | SH |  | SOLE | 0 | 15200 | 0 | 0 |
| AvePoint Inc | COM | 053604104 |  | 1447 | 353007 | SH |  | SOLE | 0 | 353007 | 0 | 0 |
| Aviat Networks Inc | COM | 05366Y201 |  | 2334 | 75000 | SH |  | SOLE | 0 | 75000 | 0 | 0 |
| Avid Technology Inc | COM | 05367P100 |  | 7971 | 300000 | SH |  | SOLE | 0 | 300000 | 0 | 0 |
| Bandwidth Inc | COM | 05988J103 |  | 3198 | 139500 | SH |  | SOLE | 0 | 139500 | 0 | 0 |
| Brightcove Inc | COM | 10921T101 |  | 2218 | 425000 | SH |  | SOLE | 0 | 425000 | 0 | 0 |
| CYREN Ltd | COM | M26895108 |  | 17 | 29531 | SH |  | SOLE | 0 | 29531 | 0 | 0 |
| Cadence Design Systems Inc | COM | 127387108 |  | 3035 | 18900 | SH |  | SOLE | 0 | 18900 | 0 | 0 |
| CalAmp Corp | COM | 128126109 |  | 1341 | 300000 | SH |  | SOLE | 0 | 300000 | 0 | 0 |
| Celestica Inc | COM | 15101Q108 |  | 5071 | 450000 | SH |  | SOLE | 0 | 450000 | 0 | 0 |
| Ceva Inc | COM | 157210105 |  | 7151 | 280000 | SH |  | SOLE | 0 | 280000 | 0 | 0 |
| Check Point Software Technologies Ltd | COM | 162825103 |  | 1160 | 9200 | SH |  | SOLE | 0 | 9200 | 0 | 0 |
| ChipMOS TECHNOLOGIES INC | ADR | 16965P202 |  | 1784 | 83485 | SH |  | SOLE | 0 | 83485 | 0 | 0 |
| Cogent Communications Holdings Inc | COM | 19239V302 |  | 7132 | 125000 | SH |  | SOLE | 0 | 125000 | 0 | 0 |
| Cognyte Software Ltd | COM | M25133105 |  | 466 | 150000 | SH |  | SOLE | 0 | 150000 | 0 | 0 |
| Couchbase Inc | COM | 22207T101 |  | 1986 | 150000 | SH |  | SOLE | 0 | 150000 | 0 | 0 |
| Credo Technology Group Holding Ltd | COM | G25457105 |  | 3654 | 275000 | SH |  | SOLE | 0 | 275000 | 0 | 0 |
| CyberArk Software Ltd | COM | M2682V108 |  | 5315 | 41000 | SH |  | SOLE | 0 | 41000 | 0 | 0 |
| Descartes Systems Group Inc/The | COM | 249906108 |  | 21591 | 310000 | SH |  | SOLE | 0 | 310000 | 0 | 0 |
| Digital Turbine Inc | COM | 25400W102 |  | 3046 | 200000 | SH |  | SOLE | 0 | 200000 | 0 | 0 |
| Dynatrace Inc | COM | 268150109 |  | 980 | 25600 | SH |  | SOLE | 0 | 25600 | 0 | 0 |
| Everspin Technologies Inc | COM | 30041T104 |  | 1523 | 275000 | SH |  | SOLE | 0 | 275000 | 0 | 0 |
| Fabrinet | COM | G3323L100 |  | 24734 | 193000 | SH |  | SOLE | 0 | 193000 | 0 | 0 |
| FalconStor Software Inc | COM | 306137209 |  | 143 | 175000 | SH |  | SOLE | 0 | 175000 | 0 | 0 |
| Five9 Inc | COM | 338307101 |  | 2714 | 40000 | SH |  | SOLE | 0 | 40000 | 0 | 0 |
| ForgeRock Inc | COM | 34631B101 |  | 3981 | 175000 | SH |  | SOLE | 0 | 175000 | 0 | 0 |
| FormFactor Inc | COM | 346375108 |  | 2279 | 102600 | SH |  | SOLE | 0 | 102600 | 0 | 0 |
| Freshworks Inc | COM | 358054104 |  | 896 | 61000 | SH |  | SOLE | 0 | 61000 | 0 | 0 |
| Harmonic Inc | COM | 413160102 |  | 6545 | 500000 | SH |  | SOLE | 0 | 500000 | 0 | 0 |
| HealthStream Inc | COM | 42222N103 |  | 4341 | 175000 | SH |  | SOLE | 0 | 175000 | 0 | 0 |
| Intel Corp | COM | 458140100 |  | 501 | 19000 | SH |  | SOLE | 0 | 19000 | 0 | 0 |
| Intellicheck Inc | COM | 45817G201 |  | 1365 | 696725 | SH |  | SOLE | 0 | 696725 | 0 | 0 |
| Inuvo Inc | COM | 46122W204 |  | 1172 | 5292857 | SH |  | SOLE | 0 | 5292857 | 0 | 0 |
| Issuer Direct Corp | COM | 46520M204 |  | 2236 | 90000 | SH |  | SOLE | 0 | 90000 | 0 | 0 |
| JFrog Ltd | COM | M6191J100 |  | 3199 | 150000 | SH |  | SOLE | 0 | 150000 | 0 | 0 |
| Kulicke  Soffa Industries Inc | COM | 501242101 |  | 6784 | 153295 | SH |  | SOLE | 0 | 153295 | 0 | 0 |
| Lantronix Inc | COM | 516548203 |  | 3237 | 760000 | SH |  | SOLE | 0 | 760000 | 0 | 0 |
| Leonardo DRS Inc | COM | 52661A108 |  | 4469 | 350000 | SH |  | SOLE | 0 | 350000 | 0 | 0 |
| LivePerson Inc | COM | 538146101 |  | 4311 | 425650 | SH |  | SOLE | 0 | 425650 | 0 | 0 |
| Micron Technology Inc | COM | 595112103 |  | 1249 | 25000 | SH |  | SOLE | 0 | 25000 | 0 | 0 |
| Microsoft Corp | COM | 594918104 |  | 6629 | 27642 | SH |  | SOLE | 0 | 27642 | 0 | 0 |
| N-Able Inc | COM | 62878D100 |  | 3728 | 363000 | SH |  | SOLE | 0 | 363000 | 0 | 0 |
| NetApp Inc | COM | 64110D104 |  | 2131 | 35500 | SH |  | SOLE | 0 | 35500 | 0 | 0 |
| Ondas Holdings Inc | COM | 68236H204 |  | 711 | 450000 | SH |  | SOLE | 0 | 450000 | 0 | 0 |
| One Stop Systems Inc | COM | 68247W109 |  | 1853 | 626234 | SH |  | SOLE | 0 | 626234 | 0 | 0 |
| Onespan Inc | COM | 68287N100 |  | 2234 | 200000 | SH |  | SOLE | 0 | 200000 | 0 | 0 |
| Ooma Inc | COM | 683416101 |  | 3065 | 225400 | SH |  | SOLE | 0 | 225400 | 0 | 0 |
| PagerDuty Inc | COM | 69553P100 |  | 2656 | 100000 | SH |  | SOLE | 0 | 100000 | 0 | 0 |
| Pegasystems Inc | COM | 705573103 |  | 11166 | 326500 | SH |  | SOLE | 0 | 326500 | 0 | 0 |
| Pixelworks Inc | COM | 72581M305 |  | 475 | 270000 | SH |  | SOLE | 0 | 270000 | 0 | 0 |
| Power Integrations Inc | COM | 739276103 |  | 2723 | 38000 | SH |  | SOLE | 0 | 38000 | 0 | 0 |
| Qualys Inc | COM | 74758T303 |  | 8550 | 76250 | SH |  | SOLE | 0 | 76250 | 0 | 0 |
| Quantum Corp | COM | 747906501 |  | 821 | 746850 | SH |  | SOLE | 0 | 746850 | 0 | 0 |
| QuickLogic Corp | COM | 74837P405 |  | 1681 | 332279 | SH |  | SOLE | 0 | 332279 | 0 | 0 |
| RADCOM Ltd | COM | M81865111 |  | 2225 | 210000 | SH |  | SOLE | 0 | 210000 | 0 | 0 |
| RADWARE Ltd | COM | M81873107 |  | 16260 | 825000 | SH |  | SOLE | 0 | 825000 | 0 | 0 |
| Ribbon Communications Inc | COM | 762544104 |  | 3935 | 1415849 | SH |  | SOLE | 0 | 1088000 | 0 | 0 |
| Rimini Street Inc | COM | 76674Q107 |  | 3221 | 850000 | SH |  | SOLE | 0 | 850000 | 0 | 0 |
| SPS Commerce Inc | COM | 78463M107 |  | 12821 | 100000 | SH |  | SOLE | 0 | 100000 | 0 | 0 |
| Silicom Ltd | COM | M84116108 |  | 5223 | 125000 | SH |  | SOLE | 0 | 125000 | 0 | 0 |
| Silicon Motion Technology Corp | ADR | 82706C108 |  | 24991 | 384906 | SH |  | SOLE | 0 | 384906 | 0 | 0 |
| SolarEdge Technologies Inc | COM | 83417M104 |  | 1245 | 4400 | SH |  | SOLE | 0 | 4400 | 0 | 0 |
| Streamline Health Solutions Inc | COM | 86323X106 |  | 1536 | 978787 | SH |  | SOLE | 0 | 978787 | 0 | 0 |
| Super Micro Computer Inc | COM | 86800U104 |  | 34879 | 425100 | SH |  | SOLE | 0 | 425100 | 0 | 0 |
| TTEC Holdings Inc | COM | 89854H102 |  | 4847 | 109970 | SH |  | SOLE | 0 | 109970 | 0 | 0 |
| Taiwan Semiconductor Manufacturing Co Ltd | ADR | 874039100 |  | 707 | 9500 | SH |  | SOLE | 0 | 9500 | 0 | 0 |
| Tecogen Inc/Waltham MA | COM | 87876P201 |  | 401 | 321078 | SH |  | SOLE | 0 | 321078 | 0 | 0 |
| Telos Corp | COM | 87969B101 |  | 889 | 175000 | SH |  | SOLE | 0 | 175000 | 0 | 0 |
| Teradyne Inc | COM | 880770102 |  | 1563 | 17900 | SH |  | SOLE | 0 | 17900 | 0 | 0 |
| Texas Instruments Inc | COM | 882508104 |  | 677 | 4100 | SH |  | SOLE | 0 | 4100 | 0 | 0 |
| Thryv Holdings Inc | COM | 886029206 |  | 2557 | 134651 | SH |  | SOLE | 0 | 134651 | 0 | 0 |
| Tower Semiconductor Ltd | COM | M87915274 |  | 8553 | 198000 | SH |  | SOLE | 0 | 198000 | 0 | 0 |
| Ultra Clean Holdings Inc | COM | 90385V107 |  | 1159 | 35000 | SH |  | SOLE | 0 | 35000 | 0 | 0 |
| Valens Semiconductor Ltd | COM | M9607U115 |  | 1887 | 341331 | SH |  | SOLE | 0 | 341331 | 0 | 0 |
| Varonis Systems Inc | COM | 922280102 |  | 12043 | 503075 | SH |  | SOLE | 0 | 503075 | 0 | 0 |
| Vertex Inc | COM | 92538J106 |  | 2176 | 150000 | SH |  | SOLE | 0 | 150000 | 0 | 0 |
| ViaSat Inc | COM | 92552V100 |  | 3164 | 100000 | SH |  | SOLE | 0 | 100000 | 0 | 0 |
| Vicor Corp | COM | 925815102 |  | 7525 | 140000 | SH |  | SOLE | 0 | 140000 | 0 | 0 |
| Yelp Inc | COM | 985817105 |  | 2187 | 80000 | SH |  | SOLE | 0 | 80000 | 0 | 0 |
| Zoom Video Communications Inc | COM | 98980L101 |  | 1753 | 25910 | SH |  | SOLE | 0 | 25910 | 0 | 0 |
| nLight Inc | COM | 65487K100 |  | 253 | 25000 | SH |  | SOLE | 0 | 25000 | 0 | 0 |

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