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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
TIAA CREF Investment Management
TIAA CREF Investment Management
New York
$8.65B -$280M 87 5.42% Reduced
27
Primecap Management
Primecap Management
California
$8.18B -$463M 13 8.16% Reduced
28
Jennison Associates
Jennison Associates
New York
$7.61B +$141M 22 8.21% Increased
29
AllianceBernstein
AllianceBernstein
Tennessee
$6.52B -$200M 79 5.5% Reduced
30
ClearBridge Investments
ClearBridge Investments
New York
$6.22B -$220M 33 7% Reduced
31
UBS AM
UBS AM
Illinois
$5.82B +$204M 79 6.26% Increased
32
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
$5.78B +$152M 90 3.26% Increased
33
Deutsche Bank
Deutsche Bank
Germany
$5.67B +$217M 104 4.01% Increased
34
Legal & General Group
Legal & General Group
United Kingdom
$5.21B +$82M 79 5.28% Increased
35
New York State Common Retirement Fund
New York State Common Retirement Fund
New York
$4.4B +$6.28M 92 6.34% Increased
36
Charles Schwab
Charles Schwab
California
$4.36B +$142M 82 5.13% Increased
37
Neuberger Berman Group
Neuberger Berman Group
New York
$4.35B -$108M 48 5.9% Reduced
38
American Century Companies
American Century Companies
Missouri
$4.35B +$178M 46 4.78% Increased
39
Dodge & Cox
Dodge & Cox
California
$4.23B -$479M 7 3.97% Reduced
40
Credit Suisse
Credit Suisse
Switzerland
$4B +$211M 84 3.79% Increased
41
Artisan Partners
Artisan Partners
Wisconsin
$3.96B +$144M 26 7.89% Increased
42
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
$3.83B +$132M 73 2.07% Increased
43
BlackRock Investment Management
BlackRock Investment Management
Delaware
$3.81B +$60.1M 96 4.68% Increased
44
Allianz Asset Management
Allianz Asset Management
Germany
$3.8B +$335M 56 3.7% Increased
45
Principal Financial Group
Principal Financial Group
Iowa
$3.71B +$18.9M 63 4.88% Increased
46
Sands Capital Management
Sands Capital Management
Virginia
$3.68B -$276M 9 10.83% Reduced
47
Waddell & Reed Financial
Waddell & Reed Financial
Kansas
$3.59B -$195M 31 7.42% Reduced
48
Swiss National Bank
Swiss National Bank
Switzerland
$3.57B -$84.6M 75 5.72% Reduced
49
First Eagle Investment Management
First Eagle Investment Management
New York
$3.57B -$216M 7 9.01% Reduced
50
UBS Group
UBS Group
Switzerland
$3.52B +$203M 103 2.1% Increased