Software - Application
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Market Capitalization
Software - Application Stocks at a Glance
Application software companies build programs for specific business and consumer tasks, increasingly delivered as cloud subscriptions. Recurring revenue and high gross margins are the draw, with net retention and seat growth the metrics that separate durable compounders from the rest.
There are 219 Software - Application industry stocks tracked by Wall St. Rank, worth a combined $2.35T.
The largest by market cap are SAP (SAP) at $271B, Shopify (SHOP) at $203B and Salesforce (CRM) at $189B.
Among institutional investors, Datadog (DDOG) drew the most net new fund positions in Q2 2026: 319 funds opened new positions, taking total fund holders up 225 (21%) quarter-over-quarter.
- Combined market cap: $2.35T across 219 stocks.
- Largest constituent: SAP (SAP), $271B market cap.
- Most net new fund positions in Q2 2026: Datadog (DDOG), +225 holders.
Market caps and prices updated daily; fund activity based on aggregated SEC 13F filings for Q2 2026.