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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
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
$34B -$1.08B 171 7.09% Reduced
27
UBS Group
UBS Group
Switzerland
$33.2B +$188M 193 6.1% Increased
28
Ameriprise
Ameriprise
Minnesota
$33B -$164M 145 8.92% Reduced
29
Wells Fargo
Wells Fargo
California
$29.3B -$350M 171 6.66% Reduced
30
Janus Henderson Group
Janus Henderson Group
$29.2B +$1.99B 142 15.99% Increased
31
Deutsche Bank
Deutsche Bank
Germany
$28B +$2.32B 157 11.11% Increased
32
T. Rowe Price Investment Management
T. Rowe Price Investment Management
Maryland
$27.5B +$1.82B 46 18.18% Increased
33
Massachusetts Financial Services
Massachusetts Financial Services
Massachusetts
$26.9B -$1.39B 62 8.95% Reduced
34
Fisher Asset Management
Fisher Asset Management
Washington
$25.2B -$3.38B 39 10.92% Reduced
35
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
$25.1B +$381M 146 6.23% Increased
36
Barclays
Barclays
United Kingdom
$23.9B +$2.55B 168 6.77% Increased
37
Jennison Associates
Jennison Associates
New York
$20.8B -$2.83B 39 14.56% Reduced
38
Principal Financial Group
Principal Financial Group
Iowa
$18.6B -$340M 117 10.41% Reduced
39
HSBC Holdings
HSBC Holdings
United Kingdom
$18B -$486M 121 11.11% Reduced
40
Raymond James Financial
Raymond James Financial
Florida
$17.6B -$499M 130 6.61% Reduced
41
Swiss National Bank
Swiss National Bank
Switzerland
$16.8B -$62.1M 133 11.84% Reduced
42
Sumitomo Mitsui Trust Group
Sumitomo Mitsui Trust Group
Japan
$16.7B +$181M 59 11.83% Increased
43
California Public Employees Retirement System
California Public Employees Retirement System
California
$16.7B -$873M 70 11.66% Reduced
44
Mitsubishi UFJ Asset Management
Mitsubishi UFJ Asset Management
Japan
$14.8B +$1.74B 87 13.67% Increased
45
American Century Companies
American Century Companies
Missouri
$14.8B -$382M 122 9.08% Reduced
46
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
$14.3B +$414M 133 11.58% Increased
47
ClearBridge Investments
ClearBridge Investments
New York
$13.8B -$1.22B 46 12.01% Reduced
48
Bank of Montreal
Bank of Montreal
Ontario, Canada
$13.5B -$1.92B 102 6.55% Reduced
49
Swedbank
Swedbank
Sweden
$13.2B -$1.27B 55 17.61% Reduced
50
Pictet Asset Management
Pictet Asset Management
Switzerland
$12.8B +$885M 108 14.17% Increased