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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
$6.9B -$840M 73 2.19% Reduced
27
Janus Henderson Investors US
Janus Henderson Investors US
Colorado
$6.3B -$476M 40 5.75% Reduced
28
Dodge & Cox
Dodge & Cox
California
$5.53B -$144M 7 5.29% Reduced
29
Neuberger Berman Group
Neuberger Berman Group
New York
$5.49B -$273M 41 5.64% Reduced
30
Deutsche Bank
Deutsche Bank
Germany
$5.41B -$120M 85 3.36% Reduced
31
AllianceBernstein
AllianceBernstein
Tennessee
$5.11B +$145M 78 4.31% Increased
32
ValueAct Holdings
ValueAct Holdings
California
$5.09B -$49.6M 2 34.13% Reduced
33
Jennison Associates
Jennison Associates
New York
$5.07B +$8.01M 18 4.71% Increased
34
UBS AM
UBS AM
Illinois
$4.98B +$158M 63 4.94% Increased
35
Grantham, Mayo, Van Otterloo & Co (GMO)
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
$4.97B -$503M 16 13.17% Reduced
36
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
$4.18B +$53.6M 71 2.86% Increased
37
Managed Account Advisors
Managed Account Advisors
New Jersey
$4.16B +$264M 61 4.64% Increased
38
Legal & General Group
Legal & General Group
United Kingdom
$3.97B -$122M 58 4.76% Reduced
39
Artisan Partners
Artisan Partners
Wisconsin
$3.87B -$178M 20 6.9% Reduced
40
First Eagle Investment Management
First Eagle Investment Management
New York
$3.86B +$63.5M 7 9.57% Increased
41
Waddell & Reed Financial
Waddell & Reed Financial
Kansas
$3.85B +$404M 20 5.33% Increased
42
State Farm Mutual Automobile Insurance
State Farm Mutual Automobile Insurance
Illinois
$3.78B $0 7 5.6% Maintained
43
Harris Associates
Harris Associates
Illinois
$3.77B +$188M 5 6.2% Increased
44
Credit Suisse
Credit Suisse
Switzerland
$3.65B +$469M 71 2.98% Increased
45
ClearBridge Investments
ClearBridge Investments
New York
$3.57B +$127M 28 3.93% Increased
46
Allianz Asset Management
Allianz Asset Management
Germany
$3.45B -$58.2M 47 4.16% Reduced
47
Sands Capital Management
Sands Capital Management
Virginia
$3.4B +$666M 8 8.44% Increased
48
California Public Employees Retirement System
California Public Employees Retirement System
California
$3.32B -$18.1M 83 4.59% Reduced
49
Barrow, Hanley, Mewhinney & Strauss
Barrow, Hanley, Mewhinney & Strauss
Texas
$3.3B -$43.2M 3 4.51% Reduced
50
Eagle Capital Management (New York)
Eagle Capital Management (New York)
New York
$3.28B +$8.63M 3 12.65% Increased