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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
151
Barclays
Barclays
United Kingdom
$995M -$330M 78 1.52% Reduced
152
Parnassus Investments
Parnassus Investments
California
$981M +$3.82M 6 6.3% Increased
153
Thrivent Financial for Lutherans
Thrivent Financial for Lutherans
Minnesota
$973M -$72.3M 49 4.7% Reduced
154
VVP
Vulcan Value Partners
Alabama
$967M -$98.4M 2 8.69% Reduced
155
State of New Jersey Common Pension Fund D
State of New Jersey Common Pension Fund D
New Jersey
$957M +$8.9M 21 4.32% Increased
156
Raymond James & Associates
Raymond James & Associates
Florida
$953M +$84.9M 60 3.22% Increased
157
Pictet Asset Management (UK)
Pictet Asset Management (UK)
United Kingdom
$944M +$17.9M 26 4.17% Increased
158
Swedbank
Swedbank
Sweden
$923M +$40.5M 3 7.5% Increased
159
Elliott Management
Elliott Management
New York
$905M -$98.9M 2 9.5% Reduced
160
Credit Agricole
Credit Agricole
France
$892M +$24M 36 4.22% Increased
161
William Blair & Company
William Blair & Company
Illinois
$890M +$58.3M 45 8.38% Increased
162
Retirement Systems of Alabama
Retirement Systems of Alabama
Alabama
$890M +$11.8M 35 5.28% Increased
163
Teacher Retirement System of Texas
Teacher Retirement System of Texas
Texas
$879M +$100M 70 5.93% Increased
164
Westfield Capital Management
Westfield Capital Management
Massachusetts
$877M -$53.6M 13 6.67% Reduced
165
BRC
Blue Ridge Capital
New York
$867M -$2.71M 2 10.54% Reduced
166
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
$847M -$115M 56 3.58% Reduced
167
Alkeon Capital Management
Alkeon Capital Management
New York
$846M -$31.9M 5 17.47% Reduced
168
CIBC Private Wealth Group
CIBC Private Wealth Group
Georgia
$840M -$2.77M 18 6.49% Reduced
169
Canada Pension Plan Investment Board
Canada Pension Plan Investment Board
Ontario, Canada
$838M -$3.72M 33 3.45% Reduced
170
Ohio Public Employees Retirement System (OPERS)
Ohio Public Employees Retirement System (OPERS)
Ohio
$835M -$107M 55 5.48% Reduced
171
WBC
Westpac Banking Corp
Australia
$826M +$199M 32 8.98% Increased
172
US Bancorp
US Bancorp
Minnesota
$813M +$32.3M 68 3.2% Increased
173
Manning & Napier Advisors
Manning & Napier Advisors
New York
$806M +$254M 15 4.66% Increased
174
Select Equity Group
Select Equity Group
New York
$798M +$121M 7 6.69% Increased
175
Sanders Capital
Sanders Capital
Florida
$798M -$81.6M 1 6.9% Reduced