Generalist · Munich, Germany
Allianz Asset Management GmbH
Q2 2025 · compared with Q1 2025
- Software
- $7.9B
- Weight of 13F
- 10.5%
- Names
- 103
- Net bought
- −$218M
Filed 28 July 2025 · SEC filing.
Call exposure on these names is $283M across 19 lines. Calls are not in the stock total.
1,506 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 202691 names · $730M in calls, not in the total$6.4B+$560M
- Q1 202691 names · $215M in calls, not in the total$5.8B−$305M
- Q4 202598 names · $347M in calls, not in the total$7.7B+$743M
- Q3 202599 names · $266M in calls, not in the total$8.2B+$254M
- Q2 2025103 names · $283M in calls, not in the total$7.9B−$218M
- Q1 2025129 names · $221M in calls, not in the total$6.8B+$452M
- Q4 2024102 names · $152M in calls, not in the total$7.0B+$329M
- Q3 2024104 names · $141M in calls, not in the total$6.6B−$234M
- Q2 202495 names · $109M in calls, not in the total$6.8B+$146M
- Q1 2024105 names · $25.0M in calls, not in the total$6.5B+$436M
- Q4 202395 names$5.6B−$187M
- Q3 202394 names$5.0B−$3.9M
- Q2 202393 names$5.2B−$213M
- Q1 202389 names$4.7B−$12.0M
- Q4 202276 names$4.1B−$9.6M
- Q3 202278 names$3.9B−$8.4B
- Q2 202293 names$13.1B+$2.2B
- Q1 202289 names$17.3B−$268M
- Q4 2021104 names$19.8B−$827M
- Q3 2021102 names$19.9B+$571M
- Q2 202197 names$18.6B+$3.8B
- Q1 202197 names$14.7B−$197M
- Q4 202095 names$15.3B−$97.0M
- Q3 202088 names$12.9B+$22.8M
- Q2 202091 names$11.2B−$351M
- Q1 202084 names$8.2B−$675M
- Q4 201986 names$9.3B−$47.1M
- Q3 201985 names$8.5B−$86.1M
- Q2 201983 names$9.1B−$466M
- Q1 201983 names$8.9B−$305M
- Q4 201876 names$7.5B+$934M
- Q3 201870 names$7.9B+$481M
- Q2 201865 names$6.3B+$267M
- Q1 201860 names$5.4B−$198M
- Q4 201758 names$4.9B+$366M
- Q3 201754 names$4.1B+$24.3M
- Q2 201751 names$3.8B+$6.4M
- Q1 201749 names$3.5B−$284M
- Q4 201650 names$3.4B+$62.2M
- Q3 201653 names$3.3B+$398M
- Q2 201646 names$2.7B—
What moved the book
The five software lines with the largest share change this quarter.
Software held
- MicrosoftMSFT6,115,217 shares · 38.6% of their software · price +$746M$3.0B−$115M
- IntuitINTU416,026 shares · 4.2% of their software · price +$72.2M$328M−$28.4M
- AdobeADBE810,713 shares · 4.0% of their software · price +$2.7M$314M−$70.0M
- Automatic Data Processing, Inc.ADP994,765 shares · 3.9% of their software · price +$2.9M$307M+$9.1M
- SalesforceCRM1,120,635 shares · 3.9% of their software · price +$4.9M$306M−$5.6M
- FortinetFTNT2,410,763 shares · 3.2% of their software · price +$22.8M$255M+$56.9M
- AutodeskADSK810,778 shares · 3.2% of their software · price +$38.7M$251M+$99.6M
- ServiceNowNOW243,438 shares · 3.2% of their software · price +$56.5M$250M−$77.3M
- Roper Technologies, Inc.ROP431,116 shares · 3.1% of their software · price −$9.8M$244M−$28.7M
- Corpay, Inc.CPAY607,907 shares · 2.6% of their software · price −$10.3M$202M+$13.2M
- OracleORCL808,087 shares · 2.2% of their software · price +$63.7M$177M+$9.5M
- SynopsysSNPS343,004 shares · 2.2% of their software · price +$28.8M$176M+$2.8M
- PalantirPLTR1,124,153 shares · 1.9% of their software · price +$58.4M$153M+$43.8M
- NetApp, Inc.NTAP1,280,427 shares · 1.7% of their software · price +$24.0M$136M−$64.5M
- VeevaVEEV392,434 shares · 1.4% of their software · price +$22.1M$113M−$6.9M
- DatadogDDOG819,910 shares · 1.4% of their software · price +$28.8M$110M−$14.6M
- DynatraceDT1,974,808 shares · 1.4% of their software · price +$15.9M$109M+$46.0M
- ZoomZM1,223,336 shares · 1.2% of their software · price +$5.2M$95.4M+$8.2M
- VeriSign, Inc.VRSN320,782 shares · 1.2% of their software · price +$11.2M$92.6M+$52.6M
- GoDaddyGDDY374,179 shares · 0.9% of their software$67.4M−$31.0M
- Palo Alto NetworksPANW327,896 shares · 0.9% of their software · price +$11.1M$67.1M−$5.2M
- CommvaultCVLT382,692 shares · 0.8% of their software · price +$6.3M$66.7M−$10.4M
- Uber Technologies, Inc.UBER706,757 shares · 0.8% of their software · price +$14.4M$65.9M+$13.2M
- AppLovinAPP172,143 shares · 0.8% of their software · price +$14.7M$60.3M−$9.5M
- CrowdStrikeCRWD96,232 shares · 0.6% of their software · price +$15.1M$49.0M−$41.1M
- ShopifySHOP413,424 shares · 0.6% of their software · price +$8.2M$47.6M−$3.2M
- Amdocs LimitedDOX501,809 shares · 0.6% of their software$45.8M+$5.3M
- DropboxDBX1,437,355 shares · 0.5% of their software · price +$2.7M$41.1M+$12.2M
- Fair IsaacFICO20,685 shares · 0.5% of their software$37.8M−$1.3M
- WorkdayWDAY126,204 shares · 0.4% of their software · price +$817K$30.3M+$3.1M
- InterDigital, Inc.IDCC132,094 shares · 0.4% of their software · price +$2.3M$29.6M+$13.1M
- HubSpotHUBS50,944 shares · 0.4% of their software · price −$747K$28.4M+$7.3M
- CadenceCDNS89,509 shares · 0.4% of their software · price +$4.8M$27.6M−$4.8M
- SnowflakeSNOW119,624 shares · 0.3% of their software · price +$9.3M$26.8M−$1.0M
- F5, Inc.FFIV84,885 shares · 0.3% of their software · price +$2.4M$25.0M+$16.2M
- TeradataTDC1,088,525 shares · 0.3% of their software$24.3M+$4.4M
- Clearwater AnalyticsCWAN1,020,427 shares · 0.3% of their software$22.4M—
- AtlassianTEAM102,194 shares · 0.3% of their software · price −$932K$20.8M+$4.8M
- NetScout Systems, Inc.NTCT822,576 shares · 0.3% of their software · price +$3.1M$20.4M+$898K
- TrimbleTRMB259,305 shares · 0.3% of their software · price +$2.7M$19.7M−$2.3M
- Lyft, Inc.LYFT1,233,107 shares · 0.2% of their software · price +$4.8M$19.4M+$14.1M
- TwilioTWLO155,775 shares · 0.2% of their software · price +$4.1M$19.4M−$9.6M
- ElasticESTC213,960 shares · 0.2% of their software · price −$1.0M$18.0M−$8.5M
- The Trade DeskTTD250,001 shares · 0.2% of their software · price +$4.3M$18.0M−$5.1M
- PTCPTC99,569 shares · 0.2% of their software · price +$1.7M$17.2M−$1.5M
- DocuSignDOCU196,936 shares · 0.2% of their software · price −$691K$15.3M−$1.5M
- GitLabGTLB338,249 shares · 0.2% of their software · price −$639K$15.3M+$2.2M
- Gen DigitalGEN495,257 shares · 0.2% of their software · price +$1.4M$14.6M−$7.1M
- BroadridgeBR59,863 shares · 0.2% of their software$14.5M+$6.3M
- GuidewireGWRE58,767 shares · 0.2% of their software · price +$2.8M$13.8M+$2.2M
- OktaOKTA132,221 shares · 0.2% of their software · price −$694K$13.2M−$810K
- Paychex, Inc.PAYX89,406 shares · 0.2% of their software · price −$789K$13.0M+$8.3M
- PegasystemsPEGA240,225 shares · 0.2% of their software · price −$3.7M$13.0M+$6.3M
- Core Scientific, Inc.CORZ607,324 shares · 0.1% of their software · price +$6.0M$10.4MNew · +$4.4M
- ACI WorldwideACIW224,171 shares · 0.1% of their software · price −$2.0M$10.3MFlat
- NutanixNTNX128,010 shares · 0.1% of their software · price +$849K$9.8M+$2.5M
- Check PointCHKP42,468 shares · 0.1% of their software$9.4MFlat
- Full Truck Alliance Co. Ltd.YMM784,903 shares · 0.1% of their software · price −$754K$9.3M+$6.9M
- Intapp, Inc.INTA164,081 shares · 0.1% of their software · price −$1.1M$8.5MFlat
- Manhattan AssociatesMANH41,408 shares · 0.1% of their software · price +$1.0M$8.2M−$17.7M
- Fiserv, Inc.FISV46,262 shares · 0.1% of their software · price −$2.2M$8.0M−$49.8M
- DuolingoDUOL18,251 shares · 0.1% of their software · price +$1.8M$7.5M+$3.1M
- Payoneer Global Inc.PAYO938,112 shares · 0.1% of their software$6.4M−$3.8M
- Rubrik, Inc.RBRK66,452 shares · 0.1% of their software · price +$1.9M$6.0M+$3.6M
- FreshworksFRSH388,393 shares · 0.1% of their software$5.8M+$1.9M
- LiveRamp Holdings, Inc.RAMP164,810 shares · 0.1% of their software · price +$1.1M$5.4MFlat
- MorningstarMORN16,713 shares · 0.1% of their software$5.2MNew · +$5.0M
- PaylocityPCTY28,455 shares · 0.1% of their software$5.2MNew · +$5.3M
- VeriskVRSK14,693 shares · 0.1% of their software$4.6M−$5.5M
- Block, Inc.XYZ66,114 shares · 0.1% of their software · price +$899K$4.5M−$9.0M
- Strategy IncMSTR10,738 shares · 0.1% of their software · price +$1.2M$4.3M−$1.2M
- SailPointSAIL186,427 shares · 0.1% of their software · price +$766K$4.3MFlat
- PhreesiaPHR146,546 shares · 0.1% of their software$4.2M+$1.1M
- OneSpan Inc.OSPN231,610 shares · 0.0% of their software$3.9M+$1.7M
- ToastTOST85,962 shares · 0.0% of their software · price +$956K$3.8M−$687K
- Tuya Inc.TUYA1,472,582 shares · 0.0% of their software · price −$1.1M$3.4M−$7.6M
- SS&CSSNC39,175 shares · 0.0% of their software$3.2M−$22.6M
- CloudflareNET15,433 shares · 0.0% of their software · price +$1.3M$3.0M−$1.2M
- WorkivaWK39,955 shares · 0.0% of their software$2.7MFlat
- Calix, Inc.CALX50,970 shares · 0.0% of their software · price +$905K$2.7MNew · +$1.8M
- Grab Holdings LimitedGRAB527,782 shares · 0.0% of their software$2.7M+$2.3M
- OpenTextOTEX86,820 shares · 0.0% of their software$2.5M+$1.6M
- Upbound Group, Inc.UPBD84,556 shares · 0.0% of their software$2.1MFlat
- WixWIX13,161 shares · 0.0% of their software$2.1M−$819K
- CoStarCSGP25,475 shares · 0.0% of their software$2.0M−$663K
- A10 Networks, Inc.ATEN104,244 shares · 0.0% of their software$2.0M−$1.5M
- ZoomInfoZI197,069 shares · 0.0% of their software$2.0M—
- ZscalerZS4,726 shares · 0.0% of their software · price +$546K$1.5M−$723K
- Tyler TechnologiesTYL2,442 shares · 0.0% of their software$1.4M−$741K
- SamsaraIOT35,966 shares · 0.0% of their software$1.4MFlat
- Euronet Worldwide, Inc.EEFT13,260 shares · 0.0% of their software$1.3MNew · +$1.4M
- BILLBILL28,787 shares · 0.0% of their software$1.3MNew · +$1.3M
- PaycomPAYC4,771 shares · 0.0% of their software$1.1MFlat
- AkamaiAKAM13,456 shares · 0.0% of their software$1.1MFlat
- International Money Express, Inc.IMXI85,161 shares · 0.0% of their software$859KFlat
- MongoDBMDB3,460 shares · 0.0% of their software$727K−$12.6M
- AppFolioAPPF2,927 shares · 0.0% of their software$674K−$577K
- SPS CommerceSPSC4,489 shares · 0.0% of their software$611KNew · +$596K
- FactSetFDS1,364 shares · 0.0% of their software$610KFlat
- C3.aiAI14,206 shares · 0.0% of their software$349KFlat
- Cellebrite DI Ltd.CLBT18,521 shares · 0.0% of their software$296KFlat
- AsanaASAN18,455 shares · 0.0% of their software$249KFlat
- Thryv Holdings, Inc.THRY16,610 shares · 0.0% of their software$202KFlat