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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
51
Brown Advisory
Brown Advisory
Maryland
$12.5B -$828M 57 17.9% Reduced
52
Nordea Investment Management
Nordea Investment Management
Sweden
$12.5B +$700M 64 13.16% Increased
53
Envestnet Asset Management
Envestnet Asset Management
Illinois
$12.2B -$115M 127 3.94% Reduced
54
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
$12.2B +$123M 172 7.16% Increased
55
Baillie Gifford & Co
Baillie Gifford & Co
United Kingdom
$12.1B +$261M 30 10.55% Increased
56
RhumbLine Advisers
RhumbLine Advisers
Massachusetts
$12B +$26.6M 166 11.22% Increased
57
Neuberger Berman Group
Neuberger Berman Group
New York
$11.9B -$326M 88 9.99% Reduced
58
Citigroup
Citigroup
New York
$11.8B +$3.79B 168 6.01% Increased
59
National Pension Service
National Pension Service
South Korea
$11.6B +$479M 39 11.12% Increased
60
Schroder Investment Management Group
Schroder Investment Management Group
United Kingdom
$11.4B +$19.1M 62 11.51% Increased
61
Gates Foundation Trust
Gates Foundation Trust
Washington
$10.8B $0 2 25.88% Maintained
62
First Trust Advisors
First Trust Advisors
Illinois
$10.8B +$849M 116 9.54% Increased
63
VOYA Investment Management
VOYA Investment Management
Georgia
$10.7B -$1.73B 135 11.91% Reduced
64
Canada Pension Plan Investment Board
Canada Pension Plan Investment Board
Ontario, Canada
$10.6B +$1.27B 103 10.31% Increased
65
Fidelity International
Fidelity International
Bermuda
$10.2B +$648M 49 9.73% Increased
66
Loomis, Sayles & Company
Loomis, Sayles & Company
Massachusetts
$10.2B -$241M 49 14.72% Reduced
67
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$10B +$400M 141 9.5% Increased
68
TD Asset Management
TD Asset Management
Ontario, Canada
$9.79B -$349M 73 9.01% Reduced
69
Primecap Management
Primecap Management
California
$9.46B -$363M 24 7.82% Reduced
70
California State Teachers Retirement System (CalSTRS)
California State Teachers Retirement System (CalSTRS)
California
$9.42B -$68.7M 153 11.65% Reduced
71
Macquarie Group
Macquarie Group
Australia
$9.04B -$459M 83 11.22% Reduced
72
Parnassus Investments
Parnassus Investments
California
$8.9B +$273M 23 21.38% Increased
73
DZ Bank
DZ Bank
Germany
$8.75B -$3.68B 44 9.79% Reduced
74
New York State Common Retirement Fund
New York State Common Retirement Fund
New York
$8.52B -$268M 157 12.5% Reduced
75
AQR Capital Management
AQR Capital Management
Connecticut
$8.42B +$1.87B 138 8.68% Increased