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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
76
HSBC Holdings
HSBC Holdings
United Kingdom
$6.63B +$579M 87 7.8% Increased
77
TD Asset Management
TD Asset Management
Ontario, Canada
$6.36B +$179M 78 7.11% Increased
78
Fundsmith LLP
Fundsmith LLP
United Kingdom
$6.26B +$12.9M 6 19.91% Increased
79
Waddell & Reed Financial
Waddell & Reed Financial
Kansas
$6.16B +$329M 27 12.66% Increased
80
Fidelity International
Fidelity International
Bermuda
$6.12B +$331M 55 6.97% Increased
81
BCM
Brown Capital Management
Maryland
$6.08B -$37.4M 28 45.28% Reduced
82
Raymond James & Associates
Raymond James & Associates
Florida
$5.99B +$174M 126 6.05% Increased
83
Winslow Capital Management
Winslow Capital Management
Minnesota
$5.97B +$418M 14 25.18% Increased
84
Thoma Bravo
Thoma Bravo
Illinois
$5.81B $0 2 93.13% Maintained
85
Putnam Investments
Putnam Investments
Massachusetts
$5.8B -$554M 36 9.66% Reduced
86
Prudential Financial
Prudential Financial
New Jersey
$5.7B +$264M 102 8.53% Increased
87
Eaton Vance Management
Eaton Vance Management
Massachusetts
$5.65B +$126M 118 8.37% Increased
88
VOYA Investment Management
VOYA Investment Management
Georgia
$5.62B -$317M 125 11.33% Reduced
89
VEPM
Vista Equity Partners Management
California
$5.45B -$79.4M 14 79.29% Reduced
90
Victory Capital Management
Victory Capital Management
Texas
$5.43B -$356M 120 5.56% Reduced
91
D.E. Shaw & Co
D.E. Shaw & Co
New York
$5.28B -$147M 116 5.09% Reduced
92
State Board of Administration of Florida Retirement System
State Board of Administration of Florida Retirement System
Florida
$5.15B -$180M 116 10.25% Reduced
93
State Farm Mutual Automobile Insurance
State Farm Mutual Automobile Insurance
Illinois
$5.13B $0 5 5.43% Maintained
94
Select Equity Group
Select Equity Group
New York
$5.11B +$495M 24 18.57% Increased
95
Parnassus Investments
Parnassus Investments
California
$5.02B -$538M 21 12.18% Reduced
96
Aristotle Capital Management
Aristotle Capital Management
California
$4.93B +$375M 4 10.07% Increased
97
Renaissance Technologies
Renaissance Technologies
New York
$4.89B +$201M 100 6.08% Increased
98
APG Asset Management
APG Asset Management
Netherlands
$4.89B -$841M 56 8.34% Reduced
99
National Pension Service
National Pension Service
South Korea
$4.85B +$147M 44 10.14% Increased
100
Schroder Investment Management Group
Schroder Investment Management Group
United Kingdom
$4.83B -$130M 58 6.27% Reduced