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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
201
State of Tennessee, Department of Treasury
State of Tennessee, Department of Treasury
Tennessee
$646M +$74.1M 44 3.83% Increased
202
MLICM
Metropolitan Life Insurance Company (MetLife)
New York
$644M -$4.45M 72 4.95% Reduced
203
Select Equity Group
Select Equity Group
New York
$640M -$26.2M 8 6.12% Reduced
204
Alecta Tjanstepension Omsesidigt
Alecta Tjanstepension Omsesidigt
Sweden
$637M -$78.9M 2 6.63% Reduced
205
Bessemer Group
Bessemer Group
New Jersey
$635M -$136M 44 3.54% Reduced
206
Jensen Investment Management
Jensen Investment Management
Oregon
$631M +$869K 8 10.58% Increased
207
Stifel Financial
Stifel Financial
Missouri
$630M +$11.4M 51 3.28% Increased
208
FTCM
Fir Tree Capital Management
New York
$627M -$301M 5 11.13% Reduced
209
ING Group
ING Group
Netherlands
$627M +$108M 16 3.77% Increased
210
Fundsmith LLP
Fundsmith LLP
United Kingdom
$627M +$34.9M 2 15.74% Increased
211
Bahl & Gaynor
Bahl & Gaynor
Ohio
$623M +$42.5M 15 8.54% Increased
212
Glenmede Trust
Glenmede Trust
Pennsylvania
$623M +$35.6M 56 4.25% Increased
213
Public Employees Retirement Association of Colorado
Public Employees Retirement Association of Colorado
Colorado
$622M -$53.2M 54 5.24% Reduced
214
Scharf Investments
Scharf Investments
California
$615M +$11.2M 3 14.68% Increased
215
PGGM Investments
PGGM Investments
Netherlands
$610M -$142M 11 3.23% Reduced
216
Capital Guardian Trust
Capital Guardian Trust
California
$610M +$21.7M 23 4.74% Increased
217
Burgundy Asset Management
Burgundy Asset Management
Ontario, Canada
$609M -$85.1M 4 6.67% Reduced
218
Disciplined Growth Investors
Disciplined Growth Investors
Minnesota
$608M -$28.3M 11 15.33% Reduced
219
Riverbridge Partners
Riverbridge Partners
Minnesota
$606M -$8.71M 13 12.45% Reduced
220
Two Sigma Investments
Two Sigma Investments
New York
$604M -$73.1M 45 2.9% Reduced
221
Sculptor Capital
Sculptor Capital
New York
$602M +$143M 5 3.29% Increased
222
WBC
Westpac Banking Corp
Australia
$595M -$101M 34 6.58% Reduced
223
Connor, Clark & Lunn Investment Management (CC&L)
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$593M -$616K 26 4.96% Reduced
224
ACI
AMP Capital Investors
Australia
$592M +$14.7M 34 4.04% Increased
225
Mackenzie Financial
Mackenzie Financial
Ontario, Canada
$585M +$28.5M 33 3.63% Increased