Generalist · Frankfurt Am Main, Germany
Dz Bank AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main
Q4 2025 · compared with Q3 2025
- Software
- $11.4B
- Weight of 13F
- 10.1%
- Names
- 61
- Net bought
- +$5.0B
Filed 17 February 2026 · SEC filing.
Call exposure on these names is $214M across 2 lines. Calls are not in the stock total.
845 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
- MicrosoftMSFT13,686,955 shares · 58.2% of their software · price −$470M$6.6B−$824M
- ServiceNowNOW7,719,531 shares · 10.4% of their software · price −$5.9B$1.2B+$5.8B
- Palo Alto NetworksPANW3,844,114 shares · 6.2% of their software · price −$74.7M$708M+$92.7M
- OracleORCL3,419,289 shares · 5.9% of their software · price −$295M$666M−$613M
- MongoDBMDB1,186,353 shares · 4.4% of their software · price +$130M$498M+$256M
- ShopifySHOP2,339,097 shares · 3.3% of their software · price +$28.9M$377M+$322M
- SnowflakeSNOW1,424,630 shares · 2.7% of their software · price −$8.8M$313M−$123M
- CloudflareNET711,241 shares · 1.2% of their software · price −$12.4M$140M+$99.4M
- SalesforceCRM528,051 shares · 1.2% of their software · price +$14.7M$140M−$14.7M
- PalantirPLTR697,416 shares · 1.1% of their software · price −$3.3M$124M+$12.0M
- Grab Holdings LimitedGRAB11,178,485 shares · 0.5% of their software · price −$11.5M$55.8M+$62.6M
- Uber Technologies, Inc.UBER624,722 shares · 0.4% of their software · price −$10.2M$51.0M+$10.5M
- monday.comMNDY321,195 shares · 0.4% of their software · price −$14.8M$47.4MNew · +$62.2M
- CrowdStrikeCRWD98,051 shares · 0.4% of their software · price −$2.1M$46.0M+$3.4M
- AppLovinAPP62,205 shares · 0.4% of their software · price −$2.8M$41.9M+$9.0M
- AdobeADBE119,054 shares · 0.4% of their software$41.7M−$6.2M
- IntuitINTU57,092 shares · 0.3% of their software · price −$1.2M$37.8MFlat
- CadenceCDNS113,810 shares · 0.3% of their software · price −$4.4M$35.6M−$108M
- DatadogDDOG175,594 shares · 0.2% of their software · price −$1.1M$23.9M+$4.5M
- Strategy IncMSTR134,117 shares · 0.2% of their software · price −$22.8M$20.4M+$18.2M
- TrimbleTRMB216,704 shares · 0.1% of their software · price −$715K$17.0M+$4.4M
- ZscalerZS71,811 shares · 0.1% of their software · price −$5.4M$16.2M+$5.6M
- Block, Inc.XYZ218,527 shares · 0.1% of their software · price −$1.6M$14.2M−$6.7M
- NetApp, Inc.NTAP126,893 shares · 0.1% of their software · price −$1.4M$13.6M−$766K
- SynopsysSNPS27,985 shares · 0.1% of their software · price −$662K$13.1M−$3.9M
- GuidewireGWRE61,674 shares · 0.1% of their software · price −$1.8M$12.4M−$1.9M
- VeevaVEEV53,715 shares · 0.1% of their software · price −$4.0M$12.0M+$3.2M
- AtlassianTEAM72,357 shares · 0.1% of their software$11.7M−$1.6M
- Tyler TechnologiesTYL21,421 shares · 0.1% of their software · price −$1.5M$9.7MFlat
- ZoomZM96,701 shares · 0.1% of their software$8.3M−$3.6M
- Check PointCHKP42,713 shares · 0.1% of their software · price −$912K$7.9M−$13.9M
- VeriskVRSK32,280 shares · 0.1% of their software · price −$898K$7.2MFlat
- AutodeskADSK22,970 shares · 0.1% of their software$6.8M+$1.8M
- Core Scientific, Inc.CORZ430,989 shares · 0.1% of their software · price −$1.5M$6.3M−$2.7M
- FortinetFTNT76,837 shares · 0.1% of their software$6.1M−$4.2M
- WaystarWAY154,934 shares · 0.0% of their software · price −$801K$5.1M−$2.4M
- OpenTextOTEX154,670 shares · 0.0% of their software · price −$742K$5.0M−$2.4M
- Automatic Data Processing, Inc.ADP18,251 shares · 0.0% of their software · price −$662K$4.7M−$1.0M
- VeriSign, Inc.VRSN16,001 shares · 0.0% of their software · price −$586K$3.9MFlat
- WorkivaWK32,247 shares · 0.0% of their software$2.8MFlat
- A10 Networks, Inc.ATEN140,666 shares · 0.0% of their software$2.5MFlat
- GoDaddyGDDY19,872 shares · 0.0% of their software$2.5M+$875K
- Rubrik, Inc.RBRK27,786 shares · 0.0% of their software$2.1M−$1.8M
- Bitdeer Technologies GroupBTDR162,522 shares · 0.0% of their software · price −$956K$1.8MFlat
- CoStarCSGP25,058 shares · 0.0% of their software$1.7M+$836K
- BTQ Technologies Corp.BTQ168,318 shares · 0.0% of their software$862KNew · +$1.2M
- Bentley SystemsBSY20,699 shares · 0.0% of their software$790KFlat
- QualysQLYS5,750 shares · 0.0% of their software$764KFlat
- Fiserv, Inc.FISV11,299 shares · 0.0% of their software · price −$698K$759K−$1.1M
- Paysafe LimitedPSFE56,308 shares · 0.0% of their software$456KFlat
- DynatraceDT8,140 shares · 0.0% of their software$353KFlat
- DocuSignDOCU4,631 shares · 0.0% of their software$317KNew · Flat
- WorkdayWDAY864 shares · 0.0% of their software$186KFlat
- Clear Secure, Inc.YOU4,766 shares · 0.0% of their software$167KFlat
- BroadridgeBR605 shares · 0.0% of their software$135KNew · Flat
- DropboxDBX4,733 shares · 0.0% of their software$132KFlat
- HubSpotHUBS291 shares · 0.0% of their software$117K−$9.3M
- Gen DigitalGEN4,290 shares · 0.0% of their software$117K−$541K
- PaylocityPCTY690 shares · 0.0% of their software$105KFlat
- UnityU2,031 shares · 0.0% of their software$92KFlat
- The Trade DeskTTD1 shares · 0.0% of their software$35Flat