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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
Massachusetts Financial Services
Massachusetts Financial Services
Massachusetts
$7.97B +$242M 30 4.25% Increased
27
Goldman Sachs
Goldman Sachs
New York
$7.07B -$685M 82 2.22% Reduced
28
Jennison Associates
Jennison Associates
New York
$6.65B +$678M 17 6.53% Increased
29
AllianceBernstein
AllianceBernstein
Tennessee
$6.57B -$7.38M 75 5.59% Reduced
30
Deutsche Bank
Deutsche Bank
Germany
$5.48B +$634M 99 3.79% Increased
31
UBS AM
UBS AM
Illinois
$5.26B +$154M 77 5.99% Increased
32
Dodge & Cox
Dodge & Cox
California
$4.88B -$372M 7 4.78% Reduced
33
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
$4.81B +$585M 94 3.16% Increased
34
Neuberger Berman Group
Neuberger Berman Group
New York
$4.8B -$367M 44 6.28% Reduced
35
ClearBridge Investments
ClearBridge Investments
New York
$4.5B -$147M 29 5.21% Reduced
36
ValueAct Holdings
ValueAct Holdings
California
$4.46B -$981M 2 30.86% Reduced
37
Legal & General Group
Legal & General Group
United Kingdom
$4.43B +$125M 71 5.01% Increased
38
Waddell & Reed Financial
Waddell & Reed Financial
Kansas
$4.4B -$174M 29 7.14% Reduced
39
Sands Capital Management
Sands Capital Management
Virginia
$3.87B -$214M 8 9.96% Reduced
40
Capital International Investors
Capital International Investors
California
$3.81B +$615M 7 5.88% Increased
41
First Eagle Investment Management
First Eagle Investment Management
New York
$3.79B -$205M 7 9.47% Reduced
42
New York State Common Retirement Fund
New York State Common Retirement Fund
New York
$3.78B -$104M 88 5.8% Reduced
43
Artisan Partners
Artisan Partners
Wisconsin
$3.61B -$308M 24 7.09% Reduced
44
Magellan Asset Management
Magellan Asset Management
Australia
$3.59B -$74.8M 3 20.13% Reduced
45
Charles Schwab
Charles Schwab
California
$3.55B +$139M 83 4.78% Increased
46
Harris Associates
Harris Associates
Illinois
$3.53B -$114M 4 5.99% Reduced
47
BlackRock Investment Management
BlackRock Investment Management
Delaware
$3.46B -$41.9M 96 4.43% Reduced
48
Allianz Asset Management
Allianz Asset Management
Germany
$3.4B -$237M 47 3.84% Reduced
49
Eagle Capital Management (New York)
Eagle Capital Management (New York)
New York
$3.4B +$128M 3 13.89% Increased
50
American Century Companies
American Century Companies
Missouri
$3.37B -$38.7M 38 3.95% Reduced