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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
Primecap Management
Primecap Management
California
$7.78B -$239M 13 8.29% Reduced
27
Goldman Sachs
Goldman Sachs
New York
$7.67B -$425M 90 2.5% Reduced
28
Jennison Associates
Jennison Associates
New York
$6.94B -$145M 20 7.61% Reduced
29
AllianceBernstein
AllianceBernstein
Tennessee
$6.36B -$137M 75 5.48% Reduced
30
ClearBridge Investments
ClearBridge Investments
New York
$5.72B -$259M 30 6.76% Reduced
31
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
$5.31B +$327M 88 3.16% Increased
32
UBS AM
UBS AM
Illinois
$5.24B -$64M 76 5.92% Reduced
33
Deutsche Bank
Deutsche Bank
Germany
$5.09B +$403M 99 3.59% Increased
34
Legal & General Group
Legal & General Group
United Kingdom
$4.82B +$131M 78 5.08% Increased
35
Neuberger Berman Group
Neuberger Berman Group
New York
$4.27B -$313M 43 5.88% Reduced
36
New York State Common Retirement Fund
New York State Common Retirement Fund
New York
$4.13B +$128M 90 6.03% Increased
37
Dodge & Cox
Dodge & Cox
California
$4.12B +$32.4M 7 4.07% Increased
38
Charles Schwab
Charles Schwab
California
$3.95B +$167M 81 4.94% Increased
39
American Century Companies
American Century Companies
Missouri
$3.93B +$355M 40 4.47% Increased
40
Sands Capital Management
Sands Capital Management
Virginia
$3.85B -$224M 9 11.91% Reduced
41
Artisan Partners
Artisan Partners
Wisconsin
$3.61B -$29.3M 25 7.66% Reduced
42
First Eagle Investment Management
First Eagle Investment Management
New York
$3.6B +$78.6M 9 9.18% Increased
43
Credit Suisse
Credit Suisse
Switzerland
$3.53B -$16.3M 87 3.91% Reduced
44
BlackRock Investment Management
BlackRock Investment Management
Delaware
$3.51B -$60.3M 97 4.44% Reduced
45
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
$3.45B -$3.37M 72 1.99% Reduced
46
Swiss National Bank
Swiss National Bank
Switzerland
$3.44B +$225M 75 5.57% Increased
47
Waddell & Reed Financial
Waddell & Reed Financial
Kansas
$3.44B -$496M 29 7.24% Reduced
48
Principal Financial Group
Principal Financial Group
Iowa
$3.44B +$50.4M 60 4.79% Increased
49
Eagle Capital Management (New York)
Eagle Capital Management (New York)
New York
$3.41B -$38M 3 14.67% Reduced
50
State Farm Mutual Automobile Insurance
State Farm Mutual Automobile Insurance
Illinois
$3.36B +$3.23M 8 5.06% Increased