Generalist · Copenhagen V, Denmark
Danske Bank A/S
Q1 2025 · compared with Q4 2024
- Software
- $4.3B
- Weight of 13F
- 13.2%
- Names
- 116
- Net bought
- +$289M
Filed 18 December 2025 · SEC filing.
Call exposure on these names is $163K across 1 line. Calls are not in the stock total.
1,354 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 202689 names$4.5B+$238M
- Q1 202688 names$4.1B+$20.8M
- Q4 2025118 names$5.3B+$6.2B
- Q3 202547 names · $390K in calls, not in the total$197M−$5.9B
- Q2 2025121 names · $2.3M in calls, not in the total$6.0B+$511M
- Q1 2025116 names · $163K in calls, not in the total$4.3B+$289M
- Q4 2024115 names · $332K in calls, not in the total$4.5B+$280M
- Q3 2024118 names · $115K in calls, not in the total$4.1B+$379M
- Q2 202499 names · $749K in calls, not in the total$3.7B−$1.2B
- Q1 2024127 names · $1.3M in calls, not in the total$4.8B—
What moved the book
The five software lines with the largest share change this quarter.
Software held
- MicrosoftMSFT5,272,492 shares · 45.8% of their software · price −$243M$2.0B+$181M
- SalesforceCRM934,587 shares · 5.8% of their software · price −$61.7M$251MFlat
- OracleORCL965,997 shares · 3.1% of their software · price −$25.9M$135M−$14.5M
- IntuitINTU203,023 shares · 2.9% of their software · price −$2.9M$125M+$17.8M
- Palo Alto NetworksPANW725,244 shares · 2.9% of their software · price −$8.2M$124M+$12.3M
- AdobeADBE315,867 shares · 2.8% of their software · price −$19.3M$121M+$5.6M
- ServiceNowNOW139,279 shares · 2.6% of their software · price −$36.8M$111M+$5.4M
- PalantirPLTR1,171,636 shares · 2.3% of their software · price +$10.3M$98.9M+$4.9M
- Fiserv, Inc.FISV446,283 shares · 2.3% of their software · price +$6.9M$98.6M+$10.9M
- AutodeskADSK333,907 shares · 2.0% of their software · price −$11.3M$87.4M+$37.5M
- Uber Technologies, Inc.UBER1,136,248 shares · 1.9% of their software · price +$14.2M$82.8M−$4.1M
- CrowdStrikeCRWD215,970 shares · 1.8% of their software · price +$2.3M$76.1M−$13.8M
- WorkdayWDAY319,326 shares · 1.7% of their software · price −$7.8M$74.6M+$39.5M
- Automatic Data Processing, Inc.ADP216,443 shares · 1.5% of their software · price +$2.8M$66.1M−$14.0M
- GoDaddyGDDY309,808 shares · 1.3% of their software · price −$5.3M$55.8M+$22.7M
- VeevaVEEV233,127 shares · 1.2% of their software · price +$5.0M$54.0M+$17.8M
- FortinetFTNT524,954 shares · 1.2% of their software · price +$934K$50.5M−$5.2M
- SynopsysSNPS102,173 shares · 1.0% of their software · price −$5.8M$43.8M−$732K
- AppLovinAPP129,727 shares · 0.8% of their software · price −$7.6M$34.4M+$5.7M
- SS&CSSNC404,544 shares · 0.8% of their software · price +$3.1M$33.8M+$7.5M
- Strategy IncMSTR114,528 shares · 0.8% of their software$33.0M+$8.2M
- VeriSign, Inc.VRSN123,420 shares · 0.7% of their software · price +$5.8M$31.3M+$17.1M
- AtlassianTEAM146,200 shares · 0.7% of their software · price −$4.6M$31.0M+$9.2M
- CadenceCDNS118,398 shares · 0.7% of their software · price −$5.5M$30.1M−$6.3M
- Roper Technologies, Inc.ROP48,508 shares · 0.7% of their software · price +$3.4M$28.6M−$5.3M
- F5, Inc.FFIV103,343 shares · 0.6% of their software · price +$1.5M$27.5M−$1.4M
- Paychex, Inc.PAYX161,651 shares · 0.6% of their software · price +$2.3M$24.9M−$4.8M
- DocuSignDOCU299,986 shares · 0.6% of their software · price −$2.6M$24.4MFlat
- VeriskVRSK73,596 shares · 0.5% of their software · price +$1.6M$21.9M−$3.4M
- Fair IsaacFICO10,923 shares · 0.5% of their software · price −$1.6M$20.1M−$8.5M
- Corpay, Inc.CPAY52,565 shares · 0.4% of their software · price +$541K$18.3M+$5.5M
- SnowflakeSNOW124,664 shares · 0.4% of their software · price −$1.0M$18.2M−$3.6M
- Gen DigitalGEN629,835 shares · 0.4% of their software · price −$529K$16.7M+$4.0M
- CoStarCSGP187,075 shares · 0.3% of their software · price +$1.4M$14.8M−$2.3M
- CloudflareNET127,430 shares · 0.3% of their software · price +$638K$14.4M−$1.5M
- BroadridgeBR57,365 shares · 0.3% of their software · price +$939K$13.9M−$3.2M
- ZoomZM176,393 shares · 0.3% of their software · price −$1.4M$13.0M+$4.4M
- Block, Inc.XYZ233,923 shares · 0.3% of their software · price −$7.2M$12.7M−$2.9M
- HubSpotHUBS21,961 shares · 0.3% of their software · price −$2.8M$12.5M−$2.2M
- Tyler TechnologiesTYL20,588 shares · 0.3% of their software$12.0M−$1.8M
- DatadogDDOG118,066 shares · 0.3% of their software · price −$5.2M$11.7M−$2.7M
- The Trade DeskTTD188,392 shares · 0.2% of their software · price −$11.8M$10.3M−$3.2M
- ZscalerZS50,034 shares · 0.2% of their software · price +$901K$9.9MFlat
- PTCPTC60,997 shares · 0.2% of their software · price −$1.8M$9.5M−$4.1M
- NetApp, Inc.NTAP105,646 shares · 0.2% of their software · price −$3.0M$9.3M−$11.3M
- FactSetFDS18,359 shares · 0.2% of their software$8.3M−$2.0M
- TwilioTWLO80,475 shares · 0.2% of their software · price −$818K$7.9M+$1.4M
- DynatraceDT159,748 shares · 0.2% of their software · price −$1.2M$7.5M−$2.4M
- OktaOKTA66,428 shares · 0.2% of their software · price +$1.8M$7.0MFlat
- NutanixNTNX100,000 shares · 0.2% of their software · price +$863K$7.0MFlat
- TrimbleTRMB101,433 shares · 0.2% of their software · price −$508K$6.7MFlat
- PaycomPAYC29,884 shares · 0.2% of their software$6.5MFlat
- AkamaiAKAM75,932 shares · 0.1% of their software · price −$1.2M$6.1M−$5.4M
- Check PointCHKP24,300 shares · 0.1% of their software · price +$1.0M$5.5MFlat
- MongoDBMDB30,935 shares · 0.1% of their software · price −$1.8M$5.4MFlat
- ToastTOST157,120 shares · 0.1% of their software · price −$515K$5.2MFlat
- TenableTENB132,898 shares · 0.1% of their software · price −$585K$4.6MFlat
- Grab Holdings LimitedGRAB1,020,229 shares · 0.1% of their software$4.6M+$796K
- Manhattan AssociatesMANH23,788 shares · 0.1% of their software · price −$2.3M$4.1M−$1.3M
- SamsaraIOT101,200 shares · 0.1% of their software · price −$542K$3.9MFlat
- BoxBOX98,453 shares · 0.1% of their software$3.0M−$2.9M
- GuidewireGWRE15,070 shares · 0.1% of their software$2.8M+$1.5M
- Bentley SystemsBSY62,710 shares · 0.1% of their software$2.5MFlat
- WixWIX14,947 shares · 0.1% of their software · price −$765K$2.4MFlat
- MorningstarMORN7,093 shares · 0.0% of their software$2.1MFlat
- PaylocityPCTY11,017 shares · 0.0% of their software$2.1MFlat
- CommvaultCVLT12,656 shares · 0.0% of their software$2.0M+$1.3M
- ElasticESTC22,246 shares · 0.0% of their software$2.0M+$1.4M
- monday.comMNDY8,000 shares · 0.0% of their software$1.9MFlat
- AppFolioAPPF8,676 shares · 0.0% of their software$1.9MFlat
- ProcorePCOR27,500 shares · 0.0% of their software$1.8MFlat
- Clearwater AnalyticsCWAN66,692 shares · 0.0% of their software$1.8M—
- Q2QTWO21,962 shares · 0.0% of their software$1.8M+$798K
- Shift4 Payments, Inc.FOUR20,612 shares · 0.0% of their software$1.7M+$1.6M
- WorkivaWK21,711 shares · 0.0% of their software · price −$729K$1.6M+$769K
- PagerDutyPD87,136 shares · 0.0% of their software$1.6MFlat
- Clear Secure, Inc.YOU61,261 shares · 0.0% of their software$1.6MNew · +$1.6M
- GitLabGTLB32,840 shares · 0.0% of their software$1.5MFlat
- Calix, Inc.CALX43,525 shares · 0.0% of their software$1.5M+$1.5M
- UiPathPATH148,225 shares · 0.0% of their software$1.5MFlat
- JFrogFROG46,795 shares · 0.0% of their software$1.5M+$931K
- DigitalOceanDOCN44,496 shares · 0.0% of their software$1.5MFlat
- PhreesiaPHR56,096 shares · 0.0% of their software$1.4MFlat
- Grindr Inc.GRND77,418 shares · 0.0% of their software$1.4MFlat
- BrazeBRZE36,677 shares · 0.0% of their software$1.3MNew · +$1.5M
- CourseraCOUR190,310 shares · 0.0% of their software$1.3MNew · +$1.6M
- RingCentralRNG46,974 shares · 0.0% of their software$1.2MFlat
- AlkamiALKT43,232 shares · 0.0% of their software$1.1MFlat
- DuolingoDUOL3,224 shares · 0.0% of their software$1.0M−$692K
- SemrushSEMR93,736 shares · 0.0% of their software$875K—
- Global-EGLBE23,600 shares · 0.0% of their software$841KFlat
- DropboxDBX24,005 shares · 0.0% of their software$641K−$1.5M
- DoximityDOCS10,516 shares · 0.0% of their software$610KFlat
- ShopifySHOP5,765 shares · 0.0% of their software$550KFlat
- SPS CommerceSPSC4,136 shares · 0.0% of their software$549K−$1.1M
- Lyft, Inc.LYFT40,472 shares · 0.0% of their software$480K−$885K
- QualysQLYS3,714 shares · 0.0% of their software$468K−$1.3M
- BlackLineBL7,969 shares · 0.0% of their software$386KFlat
- Rapid7RPD12,980 shares · 0.0% of their software$344K−$1.1M
- Zeta GlobalZETA19,862 shares · 0.0% of their software$269KFlat
- FreshworksFRSH8,000 shares · 0.0% of their software$113KFlat
- Amdocs LimitedDOX877 shares · 0.0% of their software$80KNew · Flat
- KlaviyoKVYO1,719 shares · 0.0% of their software$52KNew · Flat
- Euronet Worldwide, Inc.EEFT300 shares · 0.0% of their software$32KFlat
- WEX Inc.WEX200 shares · 0.0% of their software$31KFlat
- VaronisVRNS400 shares · 0.0% of their software$16KFlat
- EVERTEC, Inc.EVTC400 shares · 0.0% of their software$15KFlat
- SentinelOneS700 shares · 0.0% of their software$13KFlat
- BILLBILL200 shares · 0.0% of their software$9KFlat
- A10 Networks, Inc.ATEN400 shares · 0.0% of their software$7KFlat
- ACI WorldwideACIW100 shares · 0.0% of their software$5K−$704K
- Five9FIVN200 shares · 0.0% of their software$5KFlat
- UnityU200 shares · 0.0% of their software$4KFlat
- N-ableNABL300 shares · 0.0% of their software$2KFlat
- PDF Solutions, Inc.PDFS100 shares · 0.0% of their software$2KFlat
- Cyngn Inc.CYN2 shares · 0.0% of their software$9New · Flat