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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
101
Russell Investments Group
Russell Investments Group
United Kingdom
$4.17B -$278M 126 9.3% Reduced
102
William Blair & Company
William Blair & Company
Illinois
$4.15B +$167M 85 19.8% Increased
103
1832 Asset Management
1832 Asset Management
Ontario, Canada
$4.11B +$191M 35 12.35% Increased
104
Ensign Peak Advisors
Ensign Peak Advisors
Utah
$4B -$117M 84 10.87% Reduced
105
Federated Hermes
Federated Hermes
Pennsylvania
$3.98B +$126M 97 9.86% Increased
106
Macquarie Group
Macquarie Group
Australia
$3.97B -$204M 100 6.84% Reduced
107
Mitsubishi UFJ Trust & Banking
Mitsubishi UFJ Trust & Banking
Japan
$3.95B +$126M 57 9.54% Increased
108
National Pension Service
National Pension Service
South Korea
$3.89B +$227M 38 11.1% Increased
109
Canada Life
Canada Life
Manitoba, Canada
$3.88B +$66.1M 110 8.91% Increased
110
Aberdeen Group
Aberdeen Group
United Kingdom
$3.83B -$308M 56 10.36% Reduced
111
Bessemer Group
Bessemer Group
New Jersey
$3.83B +$135M 74 12.08% Increased
112
Aristotle Capital Management
Aristotle Capital Management
California
$3.81B -$371M 4 12.8% Reduced
113
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
$3.8B -$75M 113 5.06% Reduced
114
Select Equity Group
Select Equity Group
New York
$3.79B -$9.02M 23 21.79% Reduced
115
Ninety One (UK)
Ninety One (UK)
United Kingdom
$3.57B -$64.3M 13 12.66% Reduced
116
State of Wisconsin Investment Board
State of Wisconsin Investment Board
Wisconsin
$3.47B +$158M 80 9.62% Increased
117
GQG Partners
GQG Partners
Florida
$3.4B -$171M 10 14.96% Reduced
118
Adage Capital Partners
Adage Capital Partners
Massachusetts
$3.4B +$97.9M 29 8.7% Increased
119
DZ Bank
DZ Bank
Germany
$3.34B -$37.8M 28 8.99% Reduced
120
Stifel Financial
Stifel Financial
Missouri
$3.29B +$55.2M 83 7.56% Increased
121
Axa
Axa
France
$3.25B +$43.9M 76 12.8% Increased
122
SEI Investments
SEI Investments
Pennsylvania
$3.22B -$172M 110 9.99% Reduced
123
Freestone Capital Holdings
Freestone Capital Holdings
Washington
$3.17B -$1M 17 37.17% Reduced
124
Korea Investment Corp
Korea Investment Corp
South Korea
$3.1B +$69.5M 49 11.38% Increased
125
Mackenzie Financial
Mackenzie Financial
Ontario, Canada
$2.97B -$9.26M 57 7.96% Reduced