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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
$7.11B -$40.5M 90 4.6% Reduced
27
Janus Henderson Investors US
Janus Henderson Investors US
Colorado
$6.55B -$464M 44 6% Reduced
28
Neuberger Berman Group
Neuberger Berman Group
New York
$5.55B +$268M 41 5.42% Increased
29
Deutsche Bank
Deutsche Bank
Germany
$5.33B +$187M 87 3.62% Increased
30
Grantham, Mayo, Van Otterloo & Co (GMO)
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
$5.29B -$461M 18 14.37% Reduced
31
Dodge & Cox
Dodge & Cox
California
$5.29B +$4.38M 8 5.04% Increased
32
Jennison Associates
Jennison Associates
New York
$5.15B +$150M 17 4.73% Increased
33
ValueAct Holdings
ValueAct Holdings
California
$4.87B +$71.1M 2 36.02% Increased
34
AllianceBernstein
AllianceBernstein
Tennessee
$4.81B -$228M 79 4.05% Reduced
35
UBS AM
UBS AM
Illinois
$4.65B +$442M 62 4.7% Increased
36
Artisan Partners
Artisan Partners
Wisconsin
$4.09B -$556M 20 7.06% Reduced
37
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
$4B -$40.8M 67 2.71% Reduced
38
Legal & General Group
Legal & General Group
United Kingdom
$3.92B -$81M 29 4.57% Reduced
39
Managed Account Advisors
Managed Account Advisors
New Jersey
$3.77B +$151M 64 4.53% Increased
40
Harris Associates
Harris Associates
Illinois
$3.71B +$260M 5 6.24% Increased
41
First Eagle Investment Management
First Eagle Investment Management
New York
$3.67B +$267M 8 8.88% Increased
42
JSP
Jackson Square Partners
California
$3.6B +$3.47B 6 14.06% New
43
State Farm Mutual Automobile Insurance
State Farm Mutual Automobile Insurance
Illinois
$3.6B $0 7 5.38% Maintained
44
Waddell & Reed Financial
Waddell & Reed Financial
Kansas
$3.43B +$445M 19 5.02% Increased
45
Allianz Asset Management
Allianz Asset Management
Germany
$3.31B -$135M 44 4.16% Reduced
46
ClearBridge Investments
ClearBridge Investments
New York
$3.26B +$127M 32 3.67% Increased
47
Barrow, Hanley, Mewhinney & Strauss
Barrow, Hanley, Mewhinney & Strauss
Texas
$3.24B +$815M 3 4.36% Increased
48
Eagle Capital Management (New York)
Eagle Capital Management (New York)
New York
$3.22B -$11.9M 3 12.74% Reduced
49
California Public Employees Retirement System
California Public Employees Retirement System
California
$3.2B -$77.6M 81 4.35% Reduced
50
BlackRock Advisors
BlackRock Advisors
Delaware
$3.15B -$530M 82 2.98% Reduced