Generalist · Munich, Germany
Allianz Asset Management GmbH
Q4 2025 · compared with Q3 2025
- Software
- $7.7B
- Weight of 13F
- 8.8%
- Names
- 98
- Net bought
- +$743M
Filed 11 February 2026 · SEC filing.
Call exposure on these names is $347M across 20 lines. Calls are not in the stock total.
1,493 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
- MicrosoftMSFT7,452,381 shares · 46.9% of their software · price −$256M$3.6B+$474M
- PalantirPLTR2,453,624 shares · 5.7% of their software · price −$11.5M$436M+$177M
- SalesforceCRM1,021,594 shares · 3.5% of their software · price +$28.5M$271M−$77.5M
- IntuitINTU402,709 shares · 3.5% of their software · price −$8.3M$267M−$151M
- AdobeADBE731,057 shares · 3.3% of their software · price −$2.0M$256M+$41.4M
- AutodeskADSK820,543 shares · 3.2% of their software · price −$17.8M$243M−$21.4M
- Corpay, Inc.CPAY637,446 shares · 2.5% of their software · price +$8.2M$192M+$15.2M
- ZoomZM2,112,815 shares · 2.4% of their software · price +$8.0M$182M+$23.6M
- Uber Technologies, Inc.UBER1,798,499 shares · 1.9% of their software · price −$29.2M$147M+$89.8M
- OracleORCL750,081 shares · 1.9% of their software · price −$64.8M$146MFlat
- VeevaVEEV653,290 shares · 1.9% of their software · price −$48.8M$146M−$2.9M
- ServiceNowNOW879,717 shares · 1.8% of their software · price −$675M$135M+$604M
- VeriSign, Inc.VRSN547,432 shares · 1.7% of their software · price −$20.0M$133M+$53.1M
- NetApp, Inc.NTAP1,128,828 shares · 1.6% of their software · price −$12.8M$121M+$17.6M
- Automatic Data Processing, Inc.ADP430,554 shares · 1.4% of their software · price −$15.6M$111M−$55.4M
- Roper Technologies, Inc.ROP232,377 shares · 1.3% of their software · price −$12.4M$103M−$67.1M
- F5, Inc.FFIV364,355 shares · 1.2% of their software · price −$24.8M$93.0M+$64.5M
- DropboxDBX2,720,372 shares · 1.0% of their software · price −$6.6M$75.6M+$18.0M
- PaycomPAYC444,338 shares · 0.9% of their software · price −$21.7M$70.8M−$8.9M
- ShopifySHOP431,881 shares · 0.9% of their software · price +$5.3M$69.6M+$15.2M
- DynatraceDT1,378,992 shares · 0.8% of their software · price −$7.0M$59.8M−$14.7M
- FortinetFTNT728,402 shares · 0.8% of their software · price −$3.4M$57.8M−$138M
- Palo Alto NetworksPANW298,315 shares · 0.7% of their software · price −$5.8M$54.9M+$6.2M
- DocuSignDOCU735,737 shares · 0.7% of their software · price −$2.7M$50.3M+$38.5M
- TeradataTDC1,643,177 shares · 0.7% of their software · price +$14.7M$50.0M+$7.0M
- CrowdStrikeCRWD97,311 shares · 0.6% of their software · price −$2.1M$45.6M+$1.9M
- SynopsysSNPS85,406 shares · 0.5% of their software · price −$2.0M$40.1M−$81.2M
- Amdocs LimitedDOX388,841 shares · 0.4% of their software · price −$599K$31.3M−$4.2M
- NetScout Systems, Inc.NTCT1,120,524 shares · 0.4% of their software · price +$1.4M$30.3M+$3.1M
- AppLovinAPP34,563 shares · 0.3% of their software · price −$1.5M$23.3M−$106M
- DatadogDDOG167,055 shares · 0.3% of their software · price −$1.1M$22.7M−$55.2M
- TrimbleTRMB281,824 shares · 0.3% of their software · price −$930K$22.1M+$926K
- Fiserv, Inc.FISV328,722 shares · 0.3% of their software · price −$20.3M$22.1M+$36.5M
- InterDigital, Inc.IDCC61,169 shares · 0.3% of their software · price −$1.6M$19.5M−$24.4M
- CadenceCDNS60,554 shares · 0.2% of their software · price −$2.3M$18.9M−$8.6M
- SnowflakeSNOW84,800 shares · 0.2% of their software · price −$525K$18.6M−$7.5M
- ZscalerZS75,367 shares · 0.2% of their software · price −$5.6M$17.0M+$1.6M
- ToastTOST469,816 shares · 0.2% of their software$16.7M+$3.9M
- MongoDBMDB38,340 shares · 0.2% of their software · price +$4.2M$16.1M+$6.6M
- ElasticESTC210,248 shares · 0.2% of their software · price −$1.9M$15.9MFlat
- GoDaddyGDDY118,421 shares · 0.2% of their software · price −$1.5M$14.7M−$16.2M
- CloudflareNET73,178 shares · 0.2% of their software · price −$1.3M$14.4M+$1.7M
- AkamaiAKAM151,990 shares · 0.2% of their software · price +$1.7M$13.3M+$10.6M
- CommvaultCVLT92,746 shares · 0.2% of their software · price −$5.9M$11.6M−$33.3M
- GuidewireGWRE55,491 shares · 0.1% of their software · price −$1.6M$11.2MFlat
- LiveRamp Holdings, Inc.RAMP370,612 shares · 0.1% of their software · price +$826K$10.9M+$3.0M
- BoxBOX353,000 shares · 0.1% of their software · price −$833K$10.6MNew · +$11.4M
- Dave Inc.DAVE44,667 shares · 0.1% of their software · price +$985K$9.9M+$8.5M
- Manhattan AssociatesMANH55,943 shares · 0.1% of their software · price −$1.8M$9.7MFlat
- ACI WorldwideACIW184,650 shares · 0.1% of their software · price −$916K$8.8MFlat
- Grab Holdings LimitedGRAB1,709,014 shares · 0.1% of their software · price −$1.8M$8.5M+$4.5M
- SemrushSEMR633,400 shares · 0.1% of their software$7.5MNew
- Rubrik, Inc.RBRK82,909 shares · 0.1% of their software$6.3MFlat
- Calix, Inc.CALX115,409 shares · 0.1% of their software · price −$974K$6.1M+$3.4M
- Payoneer Global Inc.PAYO1,005,525 shares · 0.1% of their software$5.7M+$747K
- Check PointCHKP29,385 shares · 0.1% of their software · price −$627K$5.5M+$563K
- FreshworksFRSH428,126 shares · 0.1% of their software$5.2MFlat
- BroadridgeBR22,606 shares · 0.1% of their software$5.0M−$2.1M
- PaylocityPCTY32,389 shares · 0.1% of their software$4.9MFlat
- SchrödingerSDGR248,053 shares · 0.1% of their software · price −$541K$4.4MNew · +$5.0M
- SailPointSAIL189,906 shares · 0.1% of their software$3.8MFlat
- PTCPTC21,904 shares · 0.0% of their software · price −$631K$3.8M−$14.8M
- Clear Secure, Inc.YOU106,956 shares · 0.0% of their software$3.8MNew · +$3.6M
- Paychex, Inc.PAYX32,316 shares · 0.0% of their software$3.6M−$5.9M
- MorningstarMORN16,593 shares · 0.0% of their software$3.6MFlat
- DuolingoDUOL20,254 shares · 0.0% of their software · price −$3.0M$3.6MFlat
- OpenTextOTEX106,343 shares · 0.0% of their software · price −$510K$3.5MFlat
- EVERTEC, Inc.EVTC119,199 shares · 0.0% of their software · price −$559K$3.5MNew · +$4.0M
- DoximityDOCS75,350 shares · 0.0% of their software · price −$2.2M$3.3MFlat
- VeriskVRSK14,003 shares · 0.0% of their software$3.1M+$1.0M
- WorkdayWDAY14,007 shares · 0.0% of their software$3.0M−$10.8M
- PhreesiaPHR167,587 shares · 0.0% of their software · price −$1.1M$2.8MFlat
- Block, Inc.XYZ42,267 shares · 0.0% of their software$2.8M−$1.3M
- Euronet Worldwide, Inc.EEFT30,389 shares · 0.0% of their software$2.3M+$1.2M
- WorkivaWK26,589 shares · 0.0% of their software$2.3MFlat
- Fair IsaacFICO1,270 shares · 0.0% of their software$2.1M−$19.2M
- AtlassianTEAM12,129 shares · 0.0% of their software$2.0M−$1.5M
- Strategy IncMSTR11,296 shares · 0.0% of their software · price −$1.9M$1.7MFlat
- CoStarCSGP21,775 shares · 0.0% of their software$1.5MFlat
- TwilioTWLO9,701 shares · 0.0% of their software$1.4M−$3.0M
- A10 Networks, Inc.ATEN67,115 shares · 0.0% of their software$1.2MFlat
- XBP Global Holdings, Inc.XBP168,751 shares · 0.0% of their software · price +$1.0M$1.1MNew · Flat
- Clearwater AnalyticsCWAN45,415 shares · 0.0% of their software$1.1M—
- CourseraCOUR143,826 shares · 0.0% of their software · price −$626K$1.1MNew · +$1.7M
- Gen DigitalGEN35,633 shares · 0.0% of their software$969K−$8.7M
- Full Truck Alliance Co. Ltd.YMM84,199 shares · 0.0% of their software$903K−$18.7M
- Tyler TechnologiesTYL1,799 shares · 0.0% of their software$817KFlat
- The Trade DeskTTD21,005 shares · 0.0% of their software$797K−$11.0M
- OktaOKTA8,577 shares · 0.0% of their software$742KFlat
- SS&CSSNC8,170 shares · 0.0% of their software$714KFlat
- UiPathPATH34,821 shares · 0.0% of their software$571KFlat
- NutanixNTNX8,093 shares · 0.0% of their software$418K−$1.7M
- OneSpan Inc.OSPN24,604 shares · 0.0% of their software$316K−$1.3M
- Tuya Inc.TUYA131,925 shares · 0.0% of their software$278K−$2.6M
- WixWIX2,474 shares · 0.0% of their software$257KFlat
- HubSpotHUBS628 shares · 0.0% of their software$252K−$14.8M
- Xunlei LimitedXNET25,425 shares · 0.0% of their software$180KFlat
- AsanaASAN11,445 shares · 0.0% of their software$157KNew · Flat