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SaaS & Enterprise Software

Software as a service sells business applications by subscription, trading a large upfront licence for predictable recurring revenue. Keeping and growing existing customers matters more to the investment case than winning new ones.

266 stocks

# Name Holding Trade Value Theme
Stocks
% of
Portfolio
Status
26
Geode Capital Management
Geode Capital Management
Massachusetts
$5.93B +$198M 76 4.76% Increased
27
Janus Henderson Investors US
Janus Henderson Investors US
Colorado
$5.8B +$358M 38 5.76% Increased
28
Goldman Sachs
Goldman Sachs
New York
$5.61B +$494M 67 2.07% Increased
29
Morgan Stanley
Morgan Stanley
New York
$5.36B -$868M 67 2.53% Reduced
30
Dodge & Cox
Dodge & Cox
California
$5.26B -$134M 7 5.97% Reduced
31
Deutsche Bank
Deutsche Bank
Germany
$5.26B +$313M 78 3.88% Increased
32
Grantham, Mayo, Van Otterloo & Co (GMO)
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
$5.12B +$126M 20 13.51% Increased
33
Neuberger Berman Group
Neuberger Berman Group
New York
$4.95B +$140M 44 5.49% Increased
34
AllianceBernstein
AllianceBernstein
Tennessee
$4.94B -$30.3M 68 4.88% Reduced
35
Jennison Associates
Jennison Associates
New York
$4.4B -$759M 21 4.61% Reduced
36
Artisan Partners
Artisan Partners
Wisconsin
$4.04B +$356M 21 7.76% Increased
37
ValueAct Holdings
ValueAct Holdings
California
$3.85B +$300M 2 34.77% Increased
38
UBS AM
UBS AM
Illinois
$3.81B -$397M 60 4.71% Reduced
39
Macquarie Group
Macquarie Group
Australia
$3.75B +$455M 42 7.33% Increased
40
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
$3.64B +$105M 74 2.79% Increased
41
BlackRock Advisors
BlackRock Advisors
Delaware
$3.63B -$254M 70 3.66% Reduced
42
Legal & General Group
Legal & General Group
United Kingdom
$3.62B -$39.6M 24 4.77% Reduced
43
State Farm Mutual Automobile Insurance
State Farm Mutual Automobile Insurance
Illinois
$3.58B $0 7 6.3% Maintained
44
Managed Account Advisors
Managed Account Advisors
New Jersey
$3.04B -$27.8M 59 4.46% Reduced
45
Sands Capital Management
Sands Capital Management
Virginia
$2.89B -$90.6M 5 8.05% Reduced
46
New York State Common Retirement Fund
New York State Common Retirement Fund
New York
$2.83B -$76M 51 4.77% Reduced
47
Harris Associates
Harris Associates
Illinois
$2.73B +$486M 5 5.31% Increased
48
American Century Companies
American Century Companies
Missouri
$2.64B -$402M 39 3.31% Reduced
49
Allianz Asset Management
Allianz Asset Management
Germany
$2.64B -$168M 52 3.49% Reduced
50
BlackRock Investment Management
BlackRock Investment Management
Delaware
$2.6B +$22.8M 67 4.3% Increased