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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
Select Equity Group
Select Equity Group
New York
$4.77B +$176M 31 16.96% Increased
102
SEI Investments
SEI Investments
Pennsylvania
$4.76B +$653M 134 8.84% Increased
103
Thoma Bravo
Thoma Bravo
Illinois
$4.73B -$598M 4 59.95% Reduced
104
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
$4.72B -$37.1M 149 4.14% Reduced
105
Bessemer Group
Bessemer Group
New Jersey
$4.72B +$293M 93 11.19% Increased
106
Russell Investments Group
Russell Investments Group
United Kingdom
$4.64B +$75.8M 148 9.1% Increased
107
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
$4.59B +$25.9M 40 13.71% Increased
108
Mirae Asset Global Investments
Mirae Asset Global Investments
South Korea
$4.57B +$74.3M 126 10.65% Increased
109
New York State Teachers Retirement System (NYSTRS)
New York State Teachers Retirement System (NYSTRS)
New York
$4.56B -$61.1M 58 10.71% Reduced
110
Allianz Asset Management
Allianz Asset Management
Germany
$4.56B -$68M 71 8.08% Reduced
111
Ensign Peak Advisors
Ensign Peak Advisors
Utah
$4.55B -$99.8M 99 9.84% Reduced
112
Citigroup
Citigroup
New York
$4.53B -$265M 180 3.17% Reduced
113
DekaBank Deutsche Girozentrale
DekaBank Deutsche Girozentrale
Germany
$4.47B +$166M 69 11.25% Increased
114
1832 Asset Management
1832 Asset Management
Ontario, Canada
$4.46B +$91.1M 46 6.5% Increased
115
TCI Fund Management
TCI Fund Management
United Kingdom
$4.41B -$1.78B 1 15.1% Reduced
116
Susquehanna International Group
Susquehanna International Group
Pennsylvania
$4.39B +$839M 181 0.93% Increased
117
Sustainable Growth Advisers
Sustainable Growth Advisers
Connecticut
$4.38B -$78.4M 11 25.4% Reduced
118
Victory Capital Management
Victory Capital Management
Texas
$4.36B -$19.6M 131 4.89% Reduced
119
Canada Life
Canada Life
Manitoba, Canada
$4.22B +$25.6M 107 10.49% Increased
120
Winslow Capital Management
Winslow Capital Management
Minnesota
$4.15B +$790M 8 21.18% Increased
121
Adage Capital Partners
Adage Capital Partners
Massachusetts
$4.14B -$186M 42 9.29% Reduced
122
Advent International
Advent International
Massachusetts
$4.06B -$68.2M 10 49.43% Reduced
123
Fundsmith LLP
Fundsmith LLP
United Kingdom
$3.99B -$709M 4 17.21% Reduced
124
William Blair & Company
William Blair & Company
Illinois
$3.98B +$17.7M 94 15.92% Increased
125
Tiger Global Management
Tiger Global Management
New York
$3.92B +$347M 16 35.68% Increased