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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
Goldman Sachs
Goldman Sachs
New York
$7.01B -$451M 73 2.29% Reduced
27
Janus Henderson Investors US
Janus Henderson Investors US
Colorado
$6.92B +$223M 41 6.43% Increased
28
Morgan Stanley
Morgan Stanley
New York
$6.16B -$212M 90 2.58% Reduced
29
Grantham, Mayo, Van Otterloo & Co (GMO)
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
$5.84B -$216M 20 15.23% Reduced
30
Neuberger Berman Group
Neuberger Berman Group
New York
$5.28B -$319M 42 5.37% Reduced
31
Dodge & Cox
Dodge & Cox
California
$5.13B -$192M 8 5.25% Reduced
32
Deutsche Bank
Deutsche Bank
Germany
$5.13B -$670M 82 3.64% Reduced
33
Jennison Associates
Jennison Associates
New York
$5.12B +$44.2M 18 4.9% Increased
34
AllianceBernstein
AllianceBernstein
Tennessee
$5.06B -$216M 72 4.37% Reduced
35
Artisan Partners
Artisan Partners
Wisconsin
$4.7B -$109M 24 8.28% Reduced
36
ValueAct Holdings
ValueAct Holdings
California
$4.59B +$166M 2 34.63% Increased
37
Macquarie Group
Macquarie Group
Australia
$4.25B +$247M 41 7.34% Increased
38
UBS AM
UBS AM
Illinois
$4.23B +$110M 64 4.51% Increased
39
Legal & General Group
Legal & General Group
United Kingdom
$4B -$147M 29 4.86% Reduced
40
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
$3.94B -$186M 66 2.89% Reduced
41
State Farm Mutual Automobile Insurance
State Farm Mutual Automobile Insurance
Illinois
$3.77B $0 7 5.86% Maintained
42
BlackRock Advisors
BlackRock Advisors
Delaware
$3.7B -$225M 76 3.63% Reduced
43
Managed Account Advisors
Managed Account Advisors
New Jersey
$3.63B +$195M 65 4.72% Increased
44
First Eagle Investment Management
First Eagle Investment Management
New York
$3.49B +$183M 11 9.25% Increased
45
Harris Associates
Harris Associates
Illinois
$3.44B +$15.9M 5 6.16% Increased
46
Allianz Asset Management
Allianz Asset Management
Germany
$3.4B +$150M 47 4.09% Increased
47
Eagle Capital Management (New York)
Eagle Capital Management (New York)
New York
$3.22B +$82.9M 3 13.07% Increased
48
California Public Employees Retirement System
California Public Employees Retirement System
California
$3.2B +$23.4M 79 4.57% Increased
49
Credit Suisse
Credit Suisse
Switzerland
$3.18B -$98.1M 75 3.11% Reduced
50
New York State Common Retirement Fund
New York State Common Retirement Fund
New York
$3.07B -$52.8M 57 4.75% Reduced