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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
Citigroup
Citigroup
New York
$7.44B -$848M 162 4.48% Reduced
77
Kayne Anderson Rudnick Investment Management
Kayne Anderson Rudnick Investment Management
California
$7.32B -$62.9M 50 18.03% Reduced
78
Fundsmith LLP
Fundsmith LLP
United Kingdom
$7.27B +$27.7M 6 20.16% Increased
79
Altimeter Capital Management
Altimeter Capital Management
Massachusetts
$7.25B -$1.64B 9 56.64% Reduced
80
Putnam Investments
Putnam Investments
Massachusetts
$7.18B +$457M 35 11.17% Increased
81
Fidelity International
Fidelity International
Bermuda
$7.13B +$197M 47 7.65% Increased
82
Raymond James & Associates
Raymond James & Associates
Florida
$7.03B +$299M 130 6.4% Increased
83
IHG
Insight Holdings Group
New York
$7.03B +$4.54B 10 79.3% Increased
84
Lone Pine Capital
Lone Pine Capital
Connecticut
$6.88B -$1.23B 7 22.17% Reduced
85
Eaton Vance Management
Eaton Vance Management
Massachusetts
$6.68B +$265M 108 9.02% Increased
86
Thoma Bravo
Thoma Bravo
Illinois
$6.62B $0 2 92.61% Maintained
87
Prudential Financial
Prudential Financial
New Jersey
$6.58B +$126M 113 9.04% Increased
88
BCM
Brown Capital Management
Maryland
$6.43B -$201M 28 48.73% Reduced
89
VOYA Investment Management
VOYA Investment Management
Georgia
$6.14B -$215M 135 11.9% Reduced
90
Winslow Capital Management
Winslow Capital Management
Minnesota
$6.03B -$702M 12 23.4% Reduced
91
State Farm Mutual Automobile Insurance
State Farm Mutual Automobile Insurance
Illinois
$6B +$501K 6 6.02% Increased
92
Select Equity Group
Select Equity Group
New York
$5.94B +$418M 25 20.3% Increased
93
Parnassus Investments
Parnassus Investments
California
$5.8B +$211M 20 12.62% Increased
94
State Board of Administration of Florida Retirement System
State Board of Administration of Florida Retirement System
Florida
$5.74B -$87.1M 125 10.84% Reduced
95
Victory Capital Management
Victory Capital Management
Texas
$5.72B -$273M 130 5.5% Reduced
96
Schroder Investment Management Group
Schroder Investment Management Group
United Kingdom
$5.67B +$172M 64 7.1% Increased
97
Aristotle Capital Management
Aristotle Capital Management
California
$5.65B +$35.4M 4 10.79% Increased
98
Ninety One (UK)
Ninety One (UK)
United Kingdom
$5.55B +$165M 14 14.39% Increased
99
TCI Fund Management
TCI Fund Management
United Kingdom
$5.55B $0 1 13.84% Maintained
100
National Pension Service
National Pension Service
South Korea
$5.54B +$63M 44 10.53% Increased