Generalist · Stockholm, Sweden
Nordea Investment Management Ab
Q4 2025 · compared with Q3 2025
- Software
- $15.3B
- Weight of 13F
- 13.2%
- Names
- 96
- Net bought
- +$2.9B
Filed 8 January 2026 · SEC filing.
858 positions in the whole 13F.
Quarters on file
Each quarter on file, back to June 2016 when the filing exists. Net bought is the share change from the previous quarter at that quarter’s close. A split that leaves the dollar value in place counts as flat.
- Q2 202694 names$11.5B−$618M
- Q1 202691 names$11.0B−$985M
- Q4 202596 names$15.3B+$2.9B
- Q3 202595 names$17.1B−$334M
- Q2 202592 names$17.7B+$529M
- Q1 202591 names$14.1B+$1.1B
- Q4 202489 names$14.7B+$1.2B
- Q3 202486 names$13.2B+$402M
- Q2 202486 names$12.8B+$384M
- Q1 202488 names$12.1B−$184M
- Q4 202385 names$11.4B−$472M
- Q3 202384 names$10.5B−$270M
- Q2 202382 names$11.1B−$509M
- Q1 202379 names$10.1B+$60.5M
- Q4 202276 names$8.8B+$670M
- Q3 202280 names$7.9B−$253M
- Q2 202278 names$8.5B+$1.4B
- Q1 202276 names$9.9B+$132M
- Q4 202179 names$10.6B−$9.4B
- Q3 202174 names$19.3B+$9.0B
- Q2 202175 names$9.5B+$71.0M
- Q1 202169 names$8.6B−$55.6M
- Q4 202064 names$8.5B+$585M
- Q3 202062 names$7.1B−$5.9B
- Q2 202059 names$12.4B+$5.3B
- Q1 202054 names$4.8B+$420M
- Q4 201952 names$4.8B+$349M
- Q3 201947 names$4.1B+$603M
- Q2 201948 names$3.6B−$27.3M
- Q1 201948 names$3.4B+$156M
- Q4 201841 names$2.7B+$366M
- Q3 201843 names$2.8B+$169M
- Q2 201837 names$2.2B+$324M
- Q1 201835 names$1.8B+$42.8M
- Q4 201733 names$1.7B+$44.5M
- Q3 201731 names$1.6B+$82.2M
- Q2 201731 names$1.4B+$27.4M
- Q1 201732 names$1.3B−$85.8M
- Q4 201634 names$1.3B+$2.6M
- Q3 201633 names$1.2B+$90.1M
- Q2 201633 names$1.1B—
What moved the book
The five software lines with the largest share change this quarter.
Software held
- MicrosoftMSFT14,194,502 shares · 44.8% of their software · price −$487M$6.9BFlat
- ServiceNowNOW4,706,164 shares · 4.7% of their software · price −$3.6B$720M+$3.4B
- SalesforceCRM2,356,075 shares · 4.1% of their software · price +$65.8M$624M+$13.2M
- FortinetFTNT6,905,674 shares · 3.6% of their software · price −$32.2M$550MFlat
- Palo Alto NetworksPANW2,505,894 shares · 3.0% of their software · price −$48.7M$464M+$15.4M
- SynopsysSNPS944,143 shares · 2.9% of their software · price −$22.3M$445M−$15.7M
- AdobeADBE1,250,642 shares · 2.9% of their software · price −$3.5M$438M−$56.0M
- IntuitINTU631,567 shares · 2.7% of their software · price −$12.9M$420M−$129M
- CrowdStrikeCRWD840,828 shares · 2.6% of their software · price −$18.2M$398MFlat
- PalantirPLTR2,057,733 shares · 2.4% of their software · price −$9.6M$371M−$37.0M
- Uber Technologies, Inc.UBER4,291,356 shares · 2.3% of their software · price −$69.8M$351M−$20.2M
- Automatic Data Processing, Inc.ADP1,174,898 shares · 2.0% of their software · price −$42.6M$304MFlat
- AkamaiAKAM3,020,092 shares · 1.7% of their software · price +$34.7M$265M−$31.6M
- Check PointCHKP1,106,298 shares · 1.3% of their software · price −$23.6M$206M+$7.3M
- NutanixNTNX3,517,888 shares · 1.2% of their software · price −$79.9M$182M+$48.6M
- WorkdayWDAY789,459 shares · 1.1% of their software · price −$20.5M$170M−$145M
- TwilioTWLO1,176,896 shares · 1.1% of their software · price +$49.6M$169M+$2.4M
- AppLovinAPP222,189 shares · 1.0% of their software · price −$9.9M$153M−$5.5M
- Fiserv, Inc.FISV2,105,607 shares · 0.9% of their software · price −$130M$142M+$13.1M
- AtlassianTEAM846,483 shares · 0.9% of their software · price +$2.1M$138M+$19.9M
- Paychex, Inc.PAYX1,157,485 shares · 0.9% of their software · price −$16.9M$131M−$13.0M
- Amdocs LimitedDOX1,604,770 shares · 0.8% of their software · price −$2.5M$129M−$16.1M
- VeevaVEEV566,533 shares · 0.8% of their software · price −$42.3M$127M+$12.9M
- Grab Holdings LimitedGRAB23,685,128 shares · 0.8% of their software · price −$24.4M$119M+$22.9M
- CadenceCDNS373,501 shares · 0.8% of their software · price −$14.4M$117M−$112M
- WorkivaWK1,290,923 shares · 0.7% of their software$111M−$6.7M
- SPS CommerceSPSC1,216,642 shares · 0.7% of their software · price −$18.3M$109M−$7.9M
- OracleORCL528,938 shares · 0.7% of their software · price −$45.7M$104M−$4.5M
- SamsaraIOT2,467,232 shares · 0.6% of their software · price −$4.4M$88.2M+$14.5M
- DocuSignDOCU1,198,634 shares · 0.5% of their software · price −$4.4M$82.5M+$3.2M
- ZoomZM847,625 shares · 0.5% of their software · price +$3.2M$73.2M−$3.9M
- BroadridgeBR290,717 shares · 0.4% of their software · price −$4.4M$65.3M+$14.8M
- PTCPTC269,396 shares · 0.3% of their software · price −$7.8M$47.1M+$11.3M
- ToastTOST1,307,158 shares · 0.3% of their software · price −$1.3M$46.9M+$42.7M
- Fair IsaacFICO26,654 shares · 0.3% of their software · price +$5.2M$45.9M−$1.3M
- VeriskVRSK186,753 shares · 0.3% of their software · price −$5.2M$41.9M−$37.2M
- GitLabGTLB993,011 shares · 0.2% of their software · price −$7.5M$37.5M−$6.3M
- NetApp, Inc.NTAP326,871 shares · 0.2% of their software · price −$3.7M$35.2MFlat
- PaycomPAYC190,276 shares · 0.2% of their software · price −$9.3M$30.3M+$26.5M
- SS&CSSNC332,598 shares · 0.2% of their software$29.3M−$6.9M
- Full Truck Alliance Co. Ltd.YMM2,326,558 shares · 0.2% of their software · price −$5.2M$25.1M+$8.1M
- ZscalerZS81,323 shares · 0.1% of their software · price −$6.1M$18.4MFlat
- Manhattan AssociatesMANH104,906 shares · 0.1% of their software · price −$3.3M$18.3M−$1.2M
- F5, Inc.FFIV66,947 shares · 0.1% of their software · price −$4.5M$17.3M−$52.6M
- QualysQLYS125,636 shares · 0.1% of their software$16.8M+$6.4M
- MorningstarMORN76,524 shares · 0.1% of their software · price −$1.1M$16.7M−$2.7M
- VeriSign, Inc.VRSN55,742 shares · 0.1% of their software · price −$2.0M$13.6M−$579K
- DigitalOceanDOCN243,146 shares · 0.1% of their software · price +$3.4M$11.7M−$1.2M
- Clear Secure, Inc.YOU319,634 shares · 0.1% of their software · price +$543K$11.3M−$1.6M
- ACI WorldwideACIW225,765 shares · 0.1% of their software · price −$1.1M$10.8M−$1.6M
- PegasystemsPEGA173,892 shares · 0.1% of their software$10.4M−$1.5M
- Lyft, Inc.LYFT519,327 shares · 0.1% of their software · price −$1.4M$10.0M−$1.7M
- BoxBOX326,859 shares · 0.1% of their software · price −$771K$9.8M−$1.5M
- HubSpotHUBS23,292 shares · 0.1% of their software · price −$1.5M$9.4M+$774K
- CloudflareNET45,032 shares · 0.1% of their software · price −$785K$9.0MFlat
- AppFolioAPPF37,558 shares · 0.1% of their software · price −$1.6M$8.8MNew · +$10.4M
- DatadogDDOG61,161 shares · 0.1% of their software$8.4M+$1.1M
- Q2QTWO102,108 shares · 0.0% of their software$7.4M−$994K
- AutodeskADSK24,877 shares · 0.0% of their software · price −$539K$7.4MFlat
- MongoDBMDB17,341 shares · 0.0% of their software · price +$1.9M$7.4M+$976K
- MagniteMGNI445,016 shares · 0.0% of their software · price −$2.5M$7.3MFlat
- Global-EGLBE185,214 shares · 0.0% of their software · price +$658K$7.3M−$1.2M
- monday.comMNDY49,093 shares · 0.0% of their software · price −$2.3M$7.2M−$53.8M
- TenableTENB302,495 shares · 0.0% of their software · price −$1.7M$7.2M−$1.2M
- SnowflakeSNOW31,373 shares · 0.0% of their software$6.9MFlat
- Corpay, Inc.CPAY22,470 shares · 0.0% of their software$6.8MFlat
- ElasticESTC80,289 shares · 0.0% of their software · price −$727K$6.1M−$1.0M
- TeradataTDC176,305 shares · 0.0% of their software · price +$1.6M$5.4MFlat
- GigaCloud Technology Inc.GCT136,400 shares · 0.0% of their software · price +$1.5M$5.4MFlat
- ShopifySHOP32,318 shares · 0.0% of their software$5.2MFlat
- Intapp, Inc.INTA112,353 shares · 0.0% of their software · price +$553K$5.2M−$703K
- Shift4 Payments, Inc.FOUR79,106 shares · 0.0% of their software · price −$1.1M$5.0M−$1.1M
- Roper Technologies, Inc.ROP10,719 shares · 0.0% of their software · price −$574K$4.8MFlat
- FreshworksFRSH382,387 shares · 0.0% of their software$4.7M−$518K
- Euronet Worldwide, Inc.EEFT61,371 shares · 0.0% of their software · price −$718K$4.7M−$990K
- Payoneer Global Inc.PAYO795,552 shares · 0.0% of their software$4.5M−$691K
- Rubrik, Inc.RBRK57,406 shares · 0.0% of their software$4.4M−$861K
- UiPathPATH261,226 shares · 0.0% of their software · price +$786K$4.3MFlat
- Strategy IncMSTR26,347 shares · 0.0% of their software · price −$4.5M$4.0MFlat
- Block, Inc.XYZ53,887 shares · 0.0% of their software$3.5MFlat
- The Trade DeskTTD92,486 shares · 0.0% of their software · price −$1.0M$3.5MFlat
- DoximityDOCS78,027 shares · 0.0% of their software · price −$2.3M$3.5M−$795K
- Five9FIVN168,227 shares · 0.0% of their software · price −$698K$3.3M−$514K
- Zeta GlobalZETA159,897 shares · 0.0% of their software$3.3M−$626K
- OktaOKTA34,675 shares · 0.0% of their software$3.0MFlat
- CoStarCSGP44,575 shares · 0.0% of their software · price −$764K$3.0MFlat
- TrimbleTRMB23,906 shares · 0.0% of their software$1.9MFlat
- Tyler TechnologiesTYL4,065 shares · 0.0% of their software$1.9MFlat
- GoDaddyGDDY14,605 shares · 0.0% of their software$1.8MFlat
- Gen DigitalGEN57,075 shares · 0.0% of their software$1.6MFlat
- DynatraceDT31,120 shares · 0.0% of their software$1.4MFlat
- Sprout SocialSPT115,282 shares · 0.0% of their software$1.3MFlat
- Rapid7RPD71,422 shares · 0.0% of their software$1.1MFlat
- Bentley SystemsBSY17,398 shares · 0.0% of their software$667KFlat
- WixWIX5,967 shares · 0.0% of their software$614K−$1.3M
- CoreWeave, Inc.CRWV7,313 shares · 0.0% of their software$531KNew · +$1.0M