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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
Fundsmith LLP
Fundsmith LLP
United Kingdom
$7.71B +$22.2M 6 21.31% Increased
77
RhumbLine Advisers
RhumbLine Advisers
Massachusetts
$7.61B -$187M 144 10.3% Reduced
78
Magellan Asset Management
Magellan Asset Management
Australia
$7.6B -$223M 9 15.18% Reduced
79
Altimeter Capital Management
Altimeter Capital Management
Massachusetts
$7.44B -$1.13B 8 59.6% Reduced
80
Fidelity International
Fidelity International
Bermuda
$7.41B +$16M 51 8.23% Increased
81
Raymond James & Associates
Raymond James & Associates
Florida
$7.4B +$151M 134 6.65% Increased
82
HSBC Holdings
HSBC Holdings
United Kingdom
$7.27B -$730M 104 7.32% Reduced
83
VEPM
Vista Equity Partners Management
California
$7.13B -$394M 19 68.89% Reduced
84
Advent International
Advent International
Massachusetts
$7.09B +$6.72B 10 32.88% Increased
85
Lone Pine Capital
Lone Pine Capital
Connecticut
$7.01B -$146M 10 23.61% Reduced
86
Eaton Vance Management
Eaton Vance Management
Massachusetts
$6.97B +$126M 110 9.69% Increased
87
Renaissance Technologies
Renaissance Technologies
New York
$6.89B +$1.5B 120 8.9% Increased
88
Select Equity Group
Select Equity Group
New York
$6.77B +$939M 26 22.74% Increased
89
Citigroup
Citigroup
New York
$6.75B -$989M 180 3.98% Reduced
90
DZ Bank
DZ Bank
Germany
$6.69B +$1.31B 42 10.29% Increased
91
Prudential Financial
Prudential Financial
New Jersey
$6.6B -$255M 115 9.21% Reduced
92
Winslow Capital Management
Winslow Capital Management
Minnesota
$6.51B +$76.3M 11 25.56% Increased
93
VOYA Investment Management
VOYA Investment Management
Georgia
$6.42B +$10.1M 136 12.86% Increased
94
Parnassus Investments
Parnassus Investments
California
$6.27B +$244M 20 13.23% Increased
95
Ninety One (UK)
Ninety One (UK)
United Kingdom
$6.24B +$446M 15 15.94% Increased
96
BCM
Brown Capital Management
Maryland
$6.18B -$402M 31 50.64% Reduced
97
Citadel Advisors
Citadel Advisors
Florida
$6.07B +$1.44B 182 1.26% Increased
98
State Farm Mutual Automobile Insurance
State Farm Mutual Automobile Insurance
Illinois
$5.87B -$441M 6 6.52% Reduced
99
State Board of Administration of Florida Retirement System
State Board of Administration of Florida Retirement System
Florida
$5.82B -$114M 126 11.34% Reduced
100
Victory Capital Management
Victory Capital Management
Texas
$5.76B +$76M 135 5.64% Increased