Welcome to the website for Herald Investment Management Limited (HIML). These pages provide a brief introduction to HIML and details of the funds it manages, currently Herald Investment Trust (HIT), the Herald Worldwide Fund (HWF) and Herald Ventures LP (HVLP).
These pages are regularly updated to include up-to-date financial and performance data, but please feel free to contact us with comments, or to request further information. It is important that you read the notice below before proceeding, as it explains certain legal and regulatory restrictions which apply to the information contained in this website.
The information provided in this website is solely for use by individuals who are resident in the United Kingdom and are subject to UK tax and is not intended for, and should not be regarded as an offer or solicitation to sell investments in any jurisdiction other than the UK.
Individuals who are not resident in the UK should not continue as it may be contrary to local laws or regulations to receive information in connection with, or to apply for, a UK investment. In particular, Herald Investment Trust (HIT) shares are not registered under United States securities law and, subject to limited exceptions, may not be offered, sold, transferred or delivered in the United States or to US persons. By proceeding, you are representing and warranting that you are not resident in, or a citizen of, a jurisdiction outside the UK.
Stock market and currency movements may cause the capital value of shares and the income derived from them to go down as well as up, and investors may get back less than they invested. Past performance is not necessarily a guide to future performance. The value of any tax relief you may be entitled to will depend on your individual circumstances. Tax rates, and reliefs, as well as the tax treatment of PEPs, may be changed by future legislation.
This web site is approved for purposes of UK regulation, by Herald Investment Management Ltd (HIML). It is not to be considered as investment advice. Herald Investment Management Ltd is authorised and regulated by the Financial Services Authority.
Although we have taken reasonable care to ensure that the facts contained in these pages are accurate, no representation or warranty, express or implied, is made to its accuracy or completeness.
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All Portfolio Holdings as of 31st December 2012
Company
| Sector
| Location
| ||||||
| Ten Alps plc | Media | UK | ||||||
| HiWave Technologies PLC | Electronic and Electrical Equipment | UK | ||||||
| Wilmington Group plc | Media | UK | ||||||
| Alternative Networks Plc | Fixed line telecommunications | UK | ||||||
| Toumaz Limited | Technology hardware and equipment | UK | ||||||
| Radware Ltd. | Technology hardware and equipment | N. America | ||||||
| Actuate Corporation | Software and computer services | N. America | ||||||
| IQE plc | Technology hardware and equipment | UK | ||||||
| Kofax PLC | Software and computer services | UK | ||||||
| Mindspeed Technologies, Inc. | Technology hardware and equipment | N. America | ||||||
| Next Fifteen Communications Group plc | Media | UK | ||||||
| Hana Micron Inc | Technology hardware and equipment | Asia Pacific | ||||||
| IDOX plc | Software and computer services | UK | ||||||
| Silicon Motion Technology Corp. (ADR) | Technology hardware and equipment | N. America | ||||||
| Bango plc | Software and computer services | UK | ||||||
| NetScout Systems, Inc. | Software and computer services | N. America | ||||||
| Extreme Networks, Inc | Technology hardware and equipment | N. America | ||||||
| Chime Communications plc | Media | UK | ||||||
| ATMI, Inc. | Technology hardware and equipment | N. America | ||||||
| BATM Advanced Communications Ltd | Technology hardware and equipment | UK | ||||||
| 51job, Inc. (ADR) | Support Services | Asia Pacific | ||||||
| Pegasystems Inc. | Software and Computer Services | N. America | ||||||
| Supertex, Inc. | Technology hardware and equipment | N. America | ||||||
| Andor Technology plc | Electronic and electical equipment | UK | ||||||
| Ebiquity plc | Media | UK | ||||||
| MICROS Systems, Inc. | Technology hardware and equipment | N. America | ||||||
| Descartes Systems Group Inc. | Software and computer services | N. America | ||||||
| Support.com, Inc. | Software and computer services | N. America | ||||||
| CEVA, Inc. | Technology hardware and equipment | N. America | ||||||
| Uju Electronics Co., Ltd. | Electronic and electrical equipment | Asia Pacific | ||||||
| ANADIGICS, Inc. | Technology hardware and equipment | N. America | ||||||
| Keynote Systems, Inc. | Software and computer services | N. America | ||||||
| Innovation Group PLC | Software and Computer Services | UK | ||||||
| Green Plug | Technology hardware and equipment | N. America | ||||||
| MRV Communications, Inc. | Technology hardware and equipment | N. America | ||||||
| Intelligent Energy | Electronic and Electrical Equipment | UK | ||||||
| DATATEC LTD (SA) | Software and computer services | UK | ||||||
| Artilium plc | Software and Computer Services | UK | ||||||
| Acal plc | Support Services | UK | ||||||
| Ceragon Networks Ltd. | Technology hardware and equipment | EMEA (ex. UK) | ||||||
| BE Semiconductor Industries NV | Technology hardware and equipment | EMEA (ex. UK) | ||||||
| K3 Business Technology Group plc | Software and computer services | UK | ||||||
| Aviat Networks, Inc. | Technology hardware and equipment | N. America | ||||||
| ATEX | General Retailer | UK | ||||||
| Lantronix, Inc. | Technology hardware and equipment | N. America | ||||||
| Hanmi Semiconductor | Technology hardware and equipment | Asia Pacific | ||||||
| Cohort PLC | Aerospace and defence | UK | ||||||
| Quarto Group Inc. | Media | UK | ||||||
| OpSec Security Group plc | Support services | UK | ||||||
| GB Group plc | Software and computer services | UK | ||||||
| OMG plc | Software and computer services | UK | ||||||
| E2V Technologies PLC | Electronic and Electrical Equipment | UK | ||||||
| Bloomsbury Publishing Plc | Media | UK | ||||||
| Craneware plc | Software and computer services | UK | ||||||
| NCC Group PLC | Software and computer services | UK | ||||||
| Microgen plc | Software and computer services | UK | ||||||
| Maintel Holdings plc | Support services | UK | ||||||
| Deltex Medical Group plc | Health Care Equipment and Services | UK | ||||||
| Northamber Plc | Technology hardware and equipment | UK | ||||||
| Wolfson Microelectronics plc | Technology hardware and equipment | UK | ||||||
| YouGov Plc | Media | UK | ||||||
| Dealogic (Holdings) plc | Software and computer services | UK | ||||||
| Mentor Graphics Corporation | Software and computer services | N. America | ||||||
| Innox Corp | Technology hardware and equipment | Asia Pacific | ||||||
| Intercede Group plc | Software and Computer Services | UK | ||||||
| MIPS Technologies, Inc. | Technology hardware and equipment | N. America | ||||||
| STEC, Inc. | Technology hardware and equipment | N. America | ||||||
| IS Solutions Plc | Software and Computer Services | UK | ||||||
| CrucialTec Co Ltd | Technology hardware and equipment | Asia Pacific | ||||||
| Reckon Limited | Software and computer services | Asia Pacific | ||||||
| Unimicron Technology Corp. | Electronic and electrical equipment | Asia Pacific | ||||||
| Tripod Technology Corporation | Electronic and electrical equipment | Asia Pacific | ||||||
| Nepes Corporation Limited | Technology hardware and equipment | Asia Pacific | ||||||
| MIN AIK TECHNOLOGY Co., Ltd. | Technology hardware and equipment | Asia Pacific | ||||||
| Scisys Plc | Sofftware and computer services | UK | ||||||
| Electronic Data Processing plc | Software and computer services | UK | ||||||
| Xaar plc | Electronic and Electrical Equipment | UK | ||||||
| INNOTEK LTD | Electronic and Electrical Equipment | Asia Pacific | ||||||
| Gresham Computing plc | Software and computer services | UK | ||||||
| RCG Holdings Limited | Electronic and electrical equipment | UK | ||||||
| Centaur Media Plc | Media | UK | ||||||
| Eckoh PLC | Software and Computer Services | UK | ||||||
| Avesco Group Plc | Media | UK | ||||||
| Web.com, Inc. | Software and Computer Services | N. America | ||||||
| Coms plc | Software and Computer Services | UK | ||||||
| Retalix Limited | Software and computer services | N. America | ||||||
| Mellanox Technologies, Ltd. | Technology hardware and equipment | N. America | ||||||
| KBC Advanced Technologies Plc | Oil Equipment, Services and Distribution | UK | ||||||
| Power Integrations, Inc. | Technology hardware and equipment | N. America | ||||||
| VASCO Data Security International, Inc. | Software and computer services | N. America | ||||||
| FalconStor Software, Inc. | Software and computer services | N. America | ||||||
| Alliance Fiber Optic Products, Inc. | Technology hardware and equipment | N. America | ||||||
| Hologram. Industries S.A. | Support services | EMEA (ex. UK) | ||||||
| Filtronic Plc | Technology hardware and equipment | UK | ||||||
| Citic Telecom International Holdings Ltd | Mobile Telecommunications | Asia Pacific | ||||||
| Isra Vision AG | Software and computer services | EMEA (ex. UK) | ||||||
| Hong Kong Economic Times Holdings Ltd. | Media | Asia Pacific | ||||||
| Gemtek Technology Co., Ltd | Technology hardware and equipment | Asia Pacific | ||||||
| Kinsus Interconnect Technology Corp. | Technology hardware and equipment | Asia Pacific | ||||||
| Jadason Enterprises Limited | Technology hardware and equipment | Asia Pacific | ||||||
| Simm Tech Co., Ltd. | Electronic and electrical equipment | Asia Pacific | ||||||
| ServicePower Technologies Plc | Software and computer services | UK | ||||||
| Zoo Digital Group plc | Software and computer services | UK | ||||||
| Integrated Device Technology, Inc. | Technology hardware and equipment | N. America | ||||||
| @UK PLC | Software and Computer Services | UK | ||||||
| Corero Network Security PLC | Software and Computer Services | N. America | ||||||
| 2 Ergo Group Plc | Mobile telecommunications | UK | ||||||
| Imperial Innovations Group plc | Financial Services | UK | ||||||
| Progressive Digital Media Group PLC | Media | UK | ||||||
| Silanis International Limited | Software and computer services | UK | ||||||
| Active Risk Group PLC | Software and Computer Services | UK | ||||||
| MTI Wireless Edge Limited | Technology hardware and equipment | UK | ||||||
| Media Corporation plc | Media | UK | ||||||
| Tangent Communications PLC | Support Services | UK | ||||||
| UBC Media Group plc | Media | UK | ||||||
| The Mission Marketing Group plc | Media | UK | ||||||
| KH Vatec Co., Ltd. | Electronic and electical equipment | Asia Pacific | ||||||
| Brady PLC | Software and computer services | UK | ||||||
| Sandvine Corporation | Technology hardware and equipment | UK | ||||||
| Allocate Software plc | Software and computer services | UK | ||||||
| Imagination Technologies Group plc | Technology hardware and equipment | UK | ||||||
| SDL plc | Software and computer services | UK | ||||||
| Phoenix IT Group plc | Software and computer services | UK | ||||||
| Telecom plus PLC | Fixed line telecommunications | UK | ||||||
| Gooch & Housego plc | Electronic and Electrical Equipment | UK | ||||||
| StatPro Group PLC | Software and computer services | UK | ||||||
| Fidessa Group plc | Software and computer services | UK | ||||||
| Advent Software, Inc. | Software and computer services | N. America | ||||||
| Euromoney Institutional Investor PLC | Media | UK | ||||||
| Diploma PLC | Support services | UK | ||||||
| Websense Inc. | Software and Computer Services | N. America | ||||||
| Electrocomponents plc | Support services | UK | ||||||
| SQS Software Quality Systems AG | Software and computer services | UK | ||||||
| M&C Saatchi Plc | Media | UK | ||||||
| Future plc | Media | UK | ||||||
| Ffastfill plc | Software and computer services | UK | ||||||
| Harvey Nash Group plc | Support Services | UK | ||||||
| BrainJuicer Group PLC | Media | UK | ||||||
| GLOBO Plc | Software and Computer Services | UK | ||||||
| Silicon Image, Inc. | Technology hardware and equipment | N. America | ||||||
| Concurrent Technologies PLC | Technology hardware and equipment | UK | ||||||
| CML Microsystems Plc | Technology hardware and equipment | UK | ||||||
| First Derivatives plc | Software and Computer Services | UK | ||||||
| BSE Holdings Co Ltd | Electronic and Electrical Equipment | Asia Pacific | ||||||
| Cavium Inc | Technology hardware and equipment | N. America | ||||||
| ITM Power plc | Alternative Energy | UK | ||||||
| Soitec SA | Technology hardware and equipment | EMEA (ex. UK) | ||||||
| InTechnology | Technology hardware and equipment | UK | ||||||
| DIGITAL BARRIER ORD 1P | Support Services | UK | ||||||
| INVU Plc | Software and Computer Services | UK | ||||||
| IP Group Plc | Financial Services | UK | ||||||
| KEYW Holding Corp. | Software and Computer Services | N. America | ||||||
| King Yuan Electronics Co., Ltd. | Technology hardware and equipment | Asia Pacific | ||||||
| Kingdee International Software Group Co. | Software and Computer Services | Asia Pacific | ||||||
| Mauna Kea Technologies SAS | Health Care Equipment and Services | EMEA (ex. UK) | ||||||
| Melbourne IT Limited | Software and Computer Services | Asia Pacific | ||||||
| Microsaic Systems PLC | Electronic Measurement Equipment | UK | ||||||
| Netcall plc | Software and Computer Services | UK | ||||||
| NetQin Mobile Inc (ADR) | Software and Computer Services | Asia Pacific | ||||||
| Nordic Semiconductor ASA | Technology hardware and equipment | EMEA (ex. UK) | ||||||
| OCI Materials | Chemicals | Asia Pacific | ||||||
| OPERA SOFTWARE ASA | Software and Computer Services | EMEA (ex. UK) | ||||||
| Ordina N.V. | Software and Computer Services | EMEA (ex. UK) | ||||||
| Orise Technology Co., Ltd. | Technology hardware and equipment | Asia Pacific | ||||||
| Parallel Media Group plc | Media | UK | ||||||
| Parity Group plc | Software and Computer Services | UK | ||||||
| Phorm Inc. | Media | UK | ||||||
| Photonstar Led Group PLC | Household Goods and Home Construction | UK | ||||||
| Planet Payment, Inc. | Support Services | N. America | ||||||
| PLX Technology, Inc. | Technology hardware and equipment | N. America | ||||||
| Protec Co Ltd | Technology hardware and equipment | Asia Pacific | ||||||
| PSK Inc | Technology hardware and equipment | Asia Pacific | ||||||
| RadiSys Corporation | Technology hardware and equipment | N. America | ||||||
| Roularta Media Group NV | Media | EMEA (ex. UK) | ||||||
| Sagentia Group PLC | Support Services | UK | ||||||
| Silicom Ltd. | Technology hardware and equipment | N. America | ||||||
| Silicon Works Co Ltd | Technology hardware and equipment | Asia Pacific | ||||||
| SocialGO PLC | Software and Computer Services | UK | ||||||
| Soulbrain | Chemicals | Asia Pacific | ||||||
| Spansion Inc. | Technology hardware and equipment | N. America | ||||||
| Sphere Medical Holding Limited | Health Care Equipment and Services | UK | ||||||
| SPECTRA SYSTEMS CORPORATION COM SHS USD0.01 (REGS) | Support Services | N. America | ||||||
| SPS Commerce, Inc. | Software and Computer Services | N. America | ||||||
| St Ives | Support Services | UK | ||||||
| Sword Group SE | Software and Computer Services | EMEA (ex. UK) | ||||||
| TechTarget Inc | Media | N. America | ||||||
| Telit Communications Plc | Technology hardware and equipment | UK | ||||||
| Tessera Technologies, Inc. | Technology hardware and equipment | N. America | ||||||
| Tikit Group plc | Software and Computer Services | UK | ||||||
| Trinity Mirror plc | Media | UK | ||||||
| Trunkbow International Holdings Ltd | Software and Computer Services | Asia Pacific | ||||||
| Ubisense Group plc | Technology hardware and equipment | UK | ||||||
| ViaSat, Inc. | Technology hardware and equipment | N. America | ||||||
| Volex PLC | Electronic and Electrical Equipment | UK | ||||||
| Weare 2020 PLC | Media | UK | ||||||
| XP Power Ltd. | Electronic and Electrical Equipment | UK | ||||||
| HighCo SA | Media | EMEA (ex. UK) | ||||||
| Global Testing | Technology hardware and equipment | Asia Pacific | ||||||
| Ardentec Corp | Technology hardware and equipment | Asia Pacific | ||||||
| CSR plc | Technology hardware and equipment | UK | ||||||
| Daeduck Electronics Co Ltd | Electronic and Electrical Equipment | EMEA (ex. UK) | ||||||
| D-Link Corporation | Technology hardware and equipment | Asia Pacific | ||||||
| Earthport plc | Software and Computer Services | UK | ||||||
| EPIQ Systems, Inc. | Software and computer services | N. America | ||||||
| eServGlobal Limited | Software and Computer Services | Asia Pacific | ||||||
| Freshwater UK plc | Media | UK | ||||||
| Synectics PLC | Support Services | UK | ||||||
| Zattikka PLC | Leisure Goods | UK | ||||||
| Porta Communications PLC | Media | UK | ||||||
| Reach4entertainment Enterprises PLC | Media | UK | ||||||
| Blur (Group) PLC | Software and Computer Services | UK | ||||||
| BUSINESS CONT SOLUTN | Software and Computer Services | UK | ||||||
| Celoxica Holdings plc | Software and Computer Services | UK | ||||||
| Delcam plc | Software and Computer Services | UK | ||||||
| Dillistone Group Plc | Software and Computer Services | UK | ||||||
| DOTDIGITAL GROUP PLC ORD 0.5P | Media | UK | ||||||
| Endace Limited | Software and Computer Services | UK | ||||||
| Fusionex International PLC | Software and Computer Services | UK | ||||||
| IMAGINATIK PLC | Software and Computer Services | UK | ||||||
| Lombard Risk Management plc | Software and Computer Services | UK | ||||||
| Redstone plc | Software and Computer Services | UK | ||||||
| SimiGon Ltd. | Software and Computer Services | UK | ||||||
| Wandisco PLC | Software and Computer Services | UK | ||||||
| Datalex plc (ADR) | Software and Computer Services | UK | ||||||
| Devoteam SA | Software and Computer Services | EMEA (ex. UK) | ||||||
| Esker SA | Software and Computer Services | EMEA (ex. UK) | ||||||
| Brightcove Inc | Software and Computer Services | N. America | ||||||
| ExactTarget Inc | Software and Computer Services | N. America | ||||||
| Emulex Corporation | Technology hardware and equipment | N. America | ||||||
| MoSys Inc. | Technology hardware and equipment | N. America | ||||||
| PARTRON Co Ltd | Electronic and Electrical Equipment | Asia Pacific | ||||||
| Regent Manner International Holdings Ltd | Electronic and Electrical Equipment | Asia Pacific |