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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
Franklin Resources
Franklin Resources
California
$24.5B -$829M 95 12.27% Reduced
27
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
$21.9B -$783M 188 6.2% Reduced
28
Wells Fargo
Wells Fargo
California
$21.7B +$71.8M 197 6.25% Increased
29
Janus Henderson Group
Janus Henderson Group
$20.9B -$155M 152 13.77% Reduced
30
Amundi
Amundi
France
$20.8B +$658M 110 11.23% Increased
31
T. Rowe Price Investment Management
T. Rowe Price Investment Management
Maryland
$19.9B +$837M 44 14.25% Increased
32
Deutsche Bank
Deutsche Bank
Germany
$17.9B +$950M 171 9.95% Increased
33
Fisher Asset Management
Fisher Asset Management
Washington
$17.8B -$1.33B 52 10.83% Reduced
34
Swiss National Bank
Swiss National Bank
Switzerland
$16.7B -$259M 152 11.47% Reduced
35
Jennison Associates
Jennison Associates
New York
$15.6B +$1.13B 33 14.31% Increased
36
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
$15.6B +$14.5B 156 5.25% New
37
Sumitomo Mitsui Trust Group
Sumitomo Mitsui Trust Group
Japan
$15.3B -$138M 66 11.38% Reduced
38
ClearBridge Investments
ClearBridge Investments
New York
$14.1B -$58.9M 54 13.44% Reduced
39
Principal Financial Group
Principal Financial Group
Iowa
$14B -$179M 125 10.01% Reduced
40
UBS Group
UBS Group
Switzerland
$13.8B -$547M 208 5.04% Reduced
41
California Public Employees Retirement System
California Public Employees Retirement System
California
$12.5B -$1.03B 79 11.08% Reduced
42
Brown Advisory
Brown Advisory
Maryland
$11.6B +$121M 58 19.58% Increased
43
VOYA Investment Management
VOYA Investment Management
Georgia
$11.5B -$267M 149 12.35% Reduced
44
Gates Foundation Trust
Gates Foundation Trust
Washington
$11.5B $0 2 31.55% Maintained
45
Polen Capital Management
Polen Capital Management
Florida
$11.2B -$576M 19 29.41% Reduced
46
Baillie Gifford & Co
Baillie Gifford & Co
United Kingdom
$11.1B -$278M 55 10.06% Reduced
47
Barclays
Barclays
United Kingdom
$11.1B -$3.01B 179 5.09% Reduced
48
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
$10.8B +$12.8M 103 13.97% Increased
49
American Century Companies
American Century Companies
Missouri
$10.4B -$568M 99 8.22% Reduced
50
Neuberger Berman Group
Neuberger Berman Group
New York
$10.4B -$533M 98 9.65% Reduced