Generalist · Munich, Germany
Allianz Asset Management GmbH
Q3 2025 · compared with Q2 2025
- Software
- $8.2B
- Weight of 13F
- 10.1%
- Names
- 99
- Net bought
- +$254M
Filed 4 November 2025 · SEC filing.
Call exposure on these names is $266M across 18 lines. Calls are not in the stock total.
1,508 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
- MicrosoftMSFT6,537,487 shares · 41.4% of their software · price +$134M$3.4B+$210M
- IntuitINTU623,840 shares · 5.2% of their software · price −$65.3M$426M+$164M
- SalesforceCRM1,348,805 shares · 3.9% of their software · price −$48.1M$320M+$62.2M
- AutodeskADSK888,018 shares · 3.5% of their software · price +$7.2M$282M+$23.9M
- PalantirPLTR1,481,529 shares · 3.3% of their software · price +$68.3M$270M+$48.7M
- AdobeADBE613,712 shares · 2.6% of their software · price −$20.9M$216M−$76.2M
- OracleORCL754,386 shares · 2.6% of their software · price +$47.2M$212M−$11.7M
- ServiceNowNOW222,925 shares · 2.5% of their software · price −$24.0M$205M−$21.1M
- FortinetFTNT2,373,680 shares · 2.4% of their software · price −$51.4M$200M−$3.9M
- VeevaVEEV663,174 shares · 2.4% of their software · price +$6.6M$198M+$78.0M
- Roper Technologies, Inc.ROP366,934 shares · 2.2% of their software · price −$25.0M$183M−$36.4M
- Automatic Data Processing, Inc.ADP619,225 shares · 2.2% of their software · price −$9.2M$182M−$116M
- Corpay, Inc.CPAY584,630 shares · 2.1% of their software · price −$25.6M$168M−$7.7M
- ZoomZM1,827,189 shares · 1.8% of their software · price +$8.3M$151M+$47.1M
- AppLovinAPP182,319 shares · 1.6% of their software · price +$67.2M$131M+$3.6M
- SynopsysSNPS250,070 shares · 1.5% of their software · price −$4.8M$123M−$47.6M
- NetApp, Inc.NTAP979,878 shares · 1.4% of their software · price +$11.7M$116M−$32.0M
- PaycomPAYC486,957 shares · 1.2% of their software · price −$11.3M$101M+$112M
- VeriSign, Inc.VRSN357,611 shares · 1.2% of their software · price −$3.3M$100.0M+$10.6M
- Uber Technologies, Inc.UBER882,305 shares · 1.1% of their software · price +$4.1M$86.4M+$16.4M
- DynatraceDT1,681,774 shares · 1.0% of their software · price −$11.4M$81.5M−$16.2M
- DatadogDDOG554,446 shares · 1.0% of their software · price +$4.5M$79.0M−$35.7M
- DropboxDBX2,123,932 shares · 0.8% of their software · price +$3.4M$64.2M+$19.6M
- Palo Alto NetworksPANW267,725 shares · 0.7% of their software$54.5M−$12.3M
- F5, Inc.FFIV164,632 shares · 0.7% of their software · price +$4.8M$53.2M+$23.5M
- CommvaultCVLT269,179 shares · 0.6% of their software · price +$3.9M$50.8M−$19.8M
- ShopifySHOP329,828 shares · 0.6% of their software · price +$11.0M$49.0M−$9.6M
- CrowdStrikeCRWD93,508 shares · 0.6% of their software · price −$1.8M$45.9M−$1.4M
- InterDigital, Inc.IDCC131,940 shares · 0.6% of their software · price +$16.0M$45.5MFlat
- Amdocs LimitedDOX440,214 shares · 0.4% of their software · price −$4.0M$36.1M−$5.6M
- GoDaddyGDDY236,837 shares · 0.4% of their software · price −$10.2M$32.4M−$24.7M
- CadenceCDNS84,995 shares · 0.4% of their software · price +$3.7M$29.9M−$1.4M
- TeradataTDC1,317,179 shares · 0.3% of their software · price −$1.1M$28.3M+$5.1M
- SnowflakeSNOW117,999 shares · 0.3% of their software$26.6MFlat
- NetScout Systems, Inc.NTCT1,000,552 shares · 0.3% of their software · price +$1.0M$25.8M+$4.4M
- TrimbleTRMB270,486 shares · 0.3% of their software · price +$1.5M$22.1M+$850K
- Fair IsaacFICO14,084 shares · 0.3% of their software · price −$4.7M$21.1M−$12.1M
- ZscalerZS70,173 shares · 0.3% of their software · price −$1.0M$21.0M+$20.5M
- Full Truck Alliance Co. Ltd.YMM1,526,538 shares · 0.2% of their software · price +$1.8M$19.8M+$8.8M
- PTCPTC94,666 shares · 0.2% of their software · price +$2.9M$19.2M−$845K
- ElasticESTC208,540 shares · 0.2% of their software$17.6MFlat
- HubSpotHUBS32,237 shares · 0.2% of their software · price −$2.9M$15.1M−$10.4M
- DocuSignDOCU201,104 shares · 0.2% of their software · price −$1.2M$14.5MFlat
- WorkdayWDAY58,682 shares · 0.2% of their software$14.1M−$16.2M
- CloudflareNET65,182 shares · 0.2% of their software · price +$1.2M$14.0M+$9.7M
- ToastTOST362,765 shares · 0.2% of their software · price −$2.8M$13.2M+$12.3M
- GuidewireGWRE56,129 shares · 0.2% of their software$12.9M−$621K
- The Trade DeskTTD246,368 shares · 0.1% of their software · price −$5.7M$12.1MFlat
- Manhattan AssociatesMANH55,421 shares · 0.1% of their software$11.4M+$2.8M
- CoreWeave, Inc.CRWV76,067 shares · 0.1% of their software · price −$2.0M$10.4MNew · +$12.4M
- Paychex, Inc.PAYX78,469 shares · 0.1% of their software · price −$1.5M$9.9M−$1.6M
- ACI WorldwideACIW187,385 shares · 0.1% of their software · price +$1.3M$9.9M−$1.7M
- Gen DigitalGEN340,613 shares · 0.1% of their software$9.7M−$4.5M
- PegasystemsPEGA134,871 shares · 0.1% of their software$7.8M−$5.7M
- BroadridgeBR31,333 shares · 0.1% of their software$7.5M−$6.9M
- LiveRamp Holdings, Inc.RAMP259,945 shares · 0.1% of their software · price −$1.5M$7.1M+$3.1M
- DuolingoDUOL21,181 shares · 0.1% of their software · price −$1.9M$6.8M+$1.2M
- Rubrik, Inc.RBRK77,900 shares · 0.1% of their software · price −$572K$6.4M+$1.0M
- Fiserv, Inc.FISV45,923 shares · 0.1% of their software · price −$2.0M$5.9MFlat
- Grab Holdings LimitedGRAB967,530 shares · 0.1% of their software · price +$958K$5.8M+$2.2M
- DoximityDOCS78,250 shares · 0.1% of their software · price +$924K$5.7MNew · +$4.8M
- Check PointCHKP26,663 shares · 0.1% of their software$5.5M−$3.5M
- Payoneer Global Inc.PAYO881,991 shares · 0.1% of their software · price −$706K$5.3MFlat
- MongoDBMDB17,138 shares · 0.1% of their software · price +$1.7M$5.3M+$2.9M
- PaylocityPCTY32,566 shares · 0.1% of their software · price −$714K$5.2M+$745K
- FreshworksFRSH419,397 shares · 0.1% of their software · price −$1.3M$4.9MFlat
- Block, Inc.XYZ60,768 shares · 0.1% of their software$4.4MFlat
- SailPointSAIL186,427 shares · 0.1% of their software$4.1MFlat
- TwilioTWLO39,586 shares · 0.0% of their software · price −$961K$4.0M−$14.4M
- PhreesiaPHR167,069 shares · 0.0% of their software · price −$825K$3.9M+$584K
- MorningstarMORN16,750 shares · 0.0% of their software · price −$1.4M$3.9MFlat
- Strategy IncMSTR11,433 shares · 0.0% of their software · price −$938K$3.7MFlat
- Calix, Inc.CALX59,936 shares · 0.0% of their software$3.7MFlat
- OpenTextOTEX94,406 shares · 0.0% of their software · price +$772K$3.5MFlat
- AtlassianTEAM21,386 shares · 0.0% of their software · price −$928K$3.4M−$16.4M
- Tuya Inc.TUYA1,183,939 shares · 0.0% of their software$2.9M−$667K
- Clearwater AnalyticsCWAN160,936 shares · 0.0% of their software$2.9M—
- VeriskVRSK9,894 shares · 0.0% of their software · price −$594K$2.5M−$1.5M
- WorkivaWK26,589 shares · 0.0% of their software$2.3M−$915K
- NutanixNTNX30,414 shares · 0.0% of their software$2.3M−$7.5M
- CoStarCSGP26,556 shares · 0.0% of their software$2.2MFlat
- ZoomInfoZI197,069 shares · 0.0% of their software$2.2MFlat
- Upbound Group, Inc.UPBD87,610 shares · 0.0% of their software$2.1MFlat
- OneSpan Inc.OSPN105,512 shares · 0.0% of their software$1.7M−$2.1M
- Euronet Worldwide, Inc.EEFT16,735 shares · 0.0% of their software$1.5MFlat
- Lyft, Inc.LYFT64,053 shares · 0.0% of their software$1.4M−$18.4M
- Tyler TechnologiesTYL2,461 shares · 0.0% of their software$1.3MFlat
- SamsaraIOT33,907 shares · 0.0% of their software$1.3MFlat
- A10 Networks, Inc.ATEN67,115 shares · 0.0% of their software$1.2M−$718K
- International Money Express, Inc.IMXI85,161 shares · 0.0% of their software$1.2MFlat
- OktaOKTA9,964 shares · 0.0% of their software$914K−$12.2M
- AkamaiAKAM12,012 shares · 0.0% of their software$910KFlat
- SS&CSSNC9,145 shares · 0.0% of their software$812K−$2.5M
- AppFolioAPPF2,827 shares · 0.0% of their software$779KFlat
- WixWIX3,606 shares · 0.0% of their software$641K−$1.5M
- UiPathPATH39,287 shares · 0.0% of their software$526KNew · +$503K
- Dave Inc.DAVE2,193 shares · 0.0% of their software$437KNew · +$589K
- FactSetFDS1,452 shares · 0.0% of their software$416KFlat
- Xunlei LimitedXNET25,425 shares · 0.0% of their software$243KNew · Flat