Generalist · Frankfurt Am Main, Germany
Dz Bank AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main
Q3 2025 · compared with Q2 2025
- Software
- $13.1B
- Weight of 13F
- 11.9%
- Names
- 64
- Net bought
- +$306M
Filed 14 November 2025 · SEC filing.
Call exposure on these names is $580M across 3 lines. Calls are not in the stock total.
830 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 202665 names · $108M in calls, not in the total$8.6B+$103M
- Q1 202662 names · $224M in calls, not in the total$7.6B−$1.6B
- Q4 202561 names · $214M in calls, not in the total$11.4B+$5.0B
- Q3 202564 names · $580M in calls, not in the total$13.1B+$306M
- Q2 202560 names · $365M in calls, not in the total$12.2B+$334M
- Q1 202563 names · $347M in calls, not in the total$9.0B−$2.0B
- Q4 202457 names · $27.5M in calls, not in the total$12.5B−$460M
- Q3 202456 names · $29.8M in calls, not in the total$12.2B+$1.4B
- Q2 202457 names · $34.3M in calls, not in the total$10.6B−$505M
- Q1 202462 names · $31.8M in calls, not in the total$10.6B−$16.4M
- Q4 202352 names · $499M in calls, not in the total$9.6B+$537M
- Q3 202351 names · $42.5M in calls, not in the total$7.4B+$1.3B
- Q2 202350 names · $47.0M in calls, not in the total$6.5B+$118M
- Q1 202354 names · $39.6M in calls, not in the total$5.4B+$624M
- Q4 202257 names · $38.2M in calls, not in the total$3.7B−$189M
- Q3 202254 names · $99.7M in calls, not in the total$3.8B−$1.0B
- Q2 202253 names · $111M in calls, not in the total$5.4B+$452M
- Q1 202260 names · $135M in calls, not in the total$6.2B−$192M
- Q4 202161 names · $191M in calls, not in the total$7.1B−$377M
- Q3 202157 names · $101M in calls, not in the total$6.7B+$1.3B
- Q2 202151 names · $96.7M in calls, not in the total$5.1B+$55.6M
- Q1 202152 names · $83.9M in calls, not in the total$4.4B+$512M
- Q4 202044 names · $61.6M in calls, not in the total$3.8B−$241M
- Q3 202039 names · $39.6M in calls, not in the total$3.9B+$58.2M
- Q2 202033 names · $12.5M in calls, not in the total$3.5B+$278M
- Q1 202032 names · $8.4M in calls, not in the total$2.5B−$25.4M
- Q4 201926 names · $21.6M in calls, not in the total$2.7B−$245M
- Q3 201925 names · $17.7M in calls, not in the total$2.6B−$106M
- Q2 201929 names · $16.4M in calls, not in the total$2.7B+$505M
- Q1 201929 names · $14.5M in calls, not in the total$1.9B+$86.4M
- Q4 201826 names$1.5B+$264M
- Q3 201826 names$1.5B−$74.6M
- Q2 201826 names$1.4B−$8.0M
- Q1 201842 names$1.3B+$195M
- Q4 201720 names$1.1B+$26.7M
- Q3 201721 names · $6.0M in calls, not in the total$1.0B+$113M
- Q2 201721 names · $4.2M in calls, not in the total$877M+$75.8M
- Q1 201722 names$743M+$36.0M
- Q4 201622 names · $2.8M in calls, not in the total$653M—
What moved the book
The five software lines with the largest share change this quarter.
Software held
- MicrosoftMSFT15,277,569 shares · 60.6% of their software · price +$314M$7.9B−$235M
- OracleORCL5,599,869 shares · 12.1% of their software · price +$351M$1.6B+$127M
- ServiceNowNOW1,407,132 shares · 9.9% of their software · price −$152M$1.3B−$177M
- Palo Alto NetworksPANW3,388,984 shares · 5.3% of their software · price −$3.5M$690M+$590M
- SnowflakeSNOW1,971,914 shares · 3.4% of their software · price +$3.5M$445M+$398M
- CadenceCDNS420,051 shares · 1.1% of their software · price +$18.1M$148M+$13.7M
- SalesforceCRM589,961 shares · 1.1% of their software · price −$21.1M$140M+$51.5M
- PalantirPLTR631,552 shares · 0.9% of their software · price +$29.1M$115M+$19.5M
- MongoDBMDB360,458 shares · 0.9% of their software · price +$36.2M$112MNew · +$75.7M
- CloudflareNET248,164 shares · 0.4% of their software · price +$4.7M$53.3M+$48.0M
- Uber Technologies, Inc.UBER517,306 shares · 0.4% of their software · price +$2.4M$50.7M+$2.0M
- AdobeADBE136,546 shares · 0.4% of their software · price −$4.7M$48.2M+$2.0M
- CrowdStrikeCRWD91,142 shares · 0.3% of their software · price −$1.7M$44.7M+$1.6M
- IntuitINTU57,245 shares · 0.3% of their software · price −$6.0M$39.1M−$3.9M
- AppLovinAPP49,728 shares · 0.3% of their software · price +$18.3M$35.7M+$3.2M
- ShopifySHOP173,619 shares · 0.2% of their software · price +$5.8M$25.8M+$4.8M
- Strategy IncMSTR77,686 shares · 0.2% of their software · price −$6.4M$25.0M−$51.3M
- Check PointCHKP110,067 shares · 0.2% of their software · price −$1.6M$22.8M+$3.4M
- Block, Inc.XYZ311,273 shares · 0.2% of their software · price +$1.4M$22.4M−$792K
- DatadogDDOG143,719 shares · 0.2% of their software · price +$1.2M$20.5M+$3.9M
- SynopsysSNPS35,859 shares · 0.1% of their software · price −$692K$17.7M+$12.4M
- GuidewireGWRE70,056 shares · 0.1% of their software$16.1MFlat
- ZscalerZS53,058 shares · 0.1% of their software · price −$758K$15.9M+$1.9M
- NetApp, Inc.NTAP133,363 shares · 0.1% of their software · price +$1.6M$15.8M+$7.3M
- TrimbleTRMB163,383 shares · 0.1% of their software · price +$926K$13.3M+$2.6M
- AtlassianTEAM82,356 shares · 0.1% of their software · price −$3.6M$13.2M−$3.6M
- VeevaVEEV43,059 shares · 0.1% of their software$12.8M+$3.2M
- ZoomZM140,605 shares · 0.1% of their software · price +$636K$11.6M−$3.1M
- Tyler TechnologiesTYL21,268 shares · 0.1% of their software · price −$1.5M$11.1MFlat
- FortinetFTNT126,551 shares · 0.1% of their software · price −$2.7M$10.6M−$257M
- Core Scientific, Inc.CORZ582,383 shares · 0.1% of their software · price +$507K$10.4M+$1.5M
- HubSpotHUBS20,145 shares · 0.1% of their software · price −$1.8M$9.4MFlat
- WaystarWAY217,938 shares · 0.1% of their software · price −$643K$8.3M+$7.3M
- VeriskVRSK32,712 shares · 0.1% of their software · price −$2.0M$8.2M+$1.2M
- OpenTextOTEX220,085 shares · 0.1% of their software · price +$1.8M$8.2M+$3.2M
- Automatic Data Processing, Inc.ADP21,720 shares · 0.0% of their software$6.4M+$2.9M
- AutodeskADSK17,320 shares · 0.0% of their software$5.5M+$1.5M
- Fair IsaacFICO3,411 shares · 0.0% of their software · price −$1.1M$5.1M+$3.8M
- Grab Holdings LimitedGRAB783,321 shares · 0.0% of their software · price +$775K$4.7M+$3.3M
- VeriSign, Inc.VRSN14,500 shares · 0.0% of their software$4.1M+$2.6M
- Rubrik, Inc.RBRK49,263 shares · 0.0% of their software$4.1MNew · +$4.4M
- Bitdeer Technologies GroupBTDR183,159 shares · 0.0% of their software · price +$1.0M$3.1MFlat
- DescartesDSGX32,470 shares · 0.0% of their software$3.1M−$3.3M
- WorkivaWK32,247 shares · 0.0% of their software · price +$569K$2.8MNew · +$2.2M
- Full Truck Alliance Co. Ltd.YMM200,000 shares · 0.0% of their software$2.6MNew · +$2.4M
- Fiserv, Inc.FISV19,812 shares · 0.0% of their software · price −$861K$2.6M−$328M
- A10 Networks, Inc.ATEN140,666 shares · 0.0% of their software$2.6MFlat
- GoDaddyGDDY13,479 shares · 0.0% of their software · price −$583K$1.8M−$1.4M
- CoStarCSGP15,154 shares · 0.0% of their software$1.3MFlat
- Bentley SystemsBSY20,699 shares · 0.0% of their software$1.1MFlat
- DynatraceDT14,730 shares · 0.0% of their software$714K−$818K
- Paysafe LimitedPSFE52,034 shares · 0.0% of their software$672KFlat
- Gen DigitalGEN23,329 shares · 0.0% of their software$662K−$7.6M
- WorkdayWDAY2,693 shares · 0.0% of their software$648K−$6.7M
- QualysQLYS3,800 shares · 0.0% of their software$503KFlat
- Clear Secure, Inc.YOU7,289 shares · 0.0% of their software$243KFlat
- DropboxDBX4,222 shares · 0.0% of their software$128KFlat
- PaylocityPCTY690 shares · 0.0% of their software$110K−$4.9M
- ProgressPRGS1,151 shares · 0.0% of their software$51K−$16.6M
- UnityU369 shares · 0.0% of their software$15KFlat
- DigitalOceanDOCN247 shares · 0.0% of their software$8KNew · Flat
- Rapid7RPD48 shares · 0.0% of their software$900New · Flat
- Roper Technologies, Inc.ROP1 shares · 0.0% of their software$384New · Flat
- The Trade DeskTTD1 shares · 0.0% of their software$28New · Flat