Generalist · Copenhagen V, Denmark
Danske Bank A/S
Q2 2025 · compared with Q1 2025
- Software
- $6.0B
- Weight of 13F
- 15.0%
- Names
- 121
- Net bought
- +$511M
Filed 18 December 2025 · SEC filing.
Call exposure on these names is $2.3M across 1 line. Calls are not in the stock total.
1,502 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
- MicrosoftMSFT5,836,517 shares · 48.1% of their software · price +$712M$2.9B+$212M
- SalesforceCRM1,014,525 shares · 4.6% of their software · price +$4.4M$277M+$21.5M
- OracleORCL1,133,000 shares · 4.1% of their software · price +$89.3M$248M+$23.3M
- PalantirPLTR1,534,137 shares · 3.5% of their software · price +$79.7M$209M+$30.6M
- IntuitINTU250,379 shares · 3.3% of their software · price +$43.5M$197M+$29.1M
- Palo Alto NetworksPANW908,218 shares · 3.1% of their software · price +$30.9M$186M+$31.2M
- ServiceNowNOW156,718 shares · 2.7% of their software · price +$36.3M$161M+$13.9M
- AdobeADBE411,350 shares · 2.6% of their software · price +$1.4M$159M+$36.6M
- Uber Technologies, Inc.UBER1,633,836 shares · 2.5% of their software · price +$33.4M$152M+$36.3M
- AutodeskADSK366,467 shares · 1.9% of their software · price +$17.5M$113M+$8.5M
- CrowdStrikeCRWD191,349 shares · 1.6% of their software · price +$30.0M$97.5M−$8.7M
- WorkdayWDAY373,985 shares · 1.5% of their software · price +$2.4M$89.8M+$12.8M
- AppLovinAPP212,339 shares · 1.2% of their software · price +$18.1M$74.3M+$21.9M
- FortinetFTNT696,802 shares · 1.2% of their software · price +$6.6M$73.7M+$16.5M
- Automatic Data Processing, Inc.ADP230,954 shares · 1.2% of their software · price +$663K$71.2M+$4.4M
- VeevaVEEV232,001 shares · 1.1% of their software · price +$13.1M$66.8MFlat
- SynopsysSNPS113,014 shares · 1.0% of their software · price +$9.5M$57.9M+$4.6M
- Fiserv, Inc.FISV331,413 shares · 0.9% of their software · price −$16.0M$57.1M−$25.4M
- Strategy IncMSTR110,360 shares · 0.7% of their software · price +$12.8M$44.6M−$1.2M
- AtlassianTEAM197,118 shares · 0.7% of their software · price −$1.8M$40.0M+$10.8M
- CadenceCDNS125,302 shares · 0.6% of their software · price +$6.7M$38.6M+$1.8M
- SS&CSSNC449,471 shares · 0.6% of their software$37.2M+$3.8M
- Fair IsaacFICO20,234 shares · 0.6% of their software$37.0M+$17.2M
- F5, Inc.FFIV123,986 shares · 0.6% of their software · price +$3.5M$36.5M+$5.5M
- NetApp, Inc.NTAP331,743 shares · 0.6% of their software · price +$6.2M$35.3M+$19.9M
- SnowflakeSNOW152,968 shares · 0.6% of their software · price +$11.9M$34.2M+$4.1M
- Gen DigitalGEN1,087,117 shares · 0.5% of their software · price +$3.1M$32.0M+$12.1M
- Roper Technologies, Inc.ROP51,721 shares · 0.5% of their software · price −$1.2M$29.3M+$1.9M
- CloudflareNET142,934 shares · 0.5% of their software · price +$11.9M$28.0M+$1.7M
- VeriSign, Inc.VRSN84,659 shares · 0.4% of their software · price +$3.0M$24.4M−$9.8M
- Paychex, Inc.PAYX167,821 shares · 0.4% of their software · price −$1.5M$24.4M+$952K
- VeriskVRSK73,450 shares · 0.4% of their software · price +$1.0M$22.9MFlat
- PTCPTC130,200 shares · 0.4% of their software · price +$2.3M$22.4M+$10.7M
- DynatraceDT392,939 shares · 0.4% of their software · price +$3.2M$21.7M+$11.0M
- DatadogDDOG139,271 shares · 0.3% of their software · price +$4.9M$18.7M+$2.1M
- Block, Inc.XYZ258,756 shares · 0.3% of their software · price +$3.5M$17.6M+$1.3M
- TwilioTWLO140,546 shares · 0.3% of their software · price +$3.7M$17.5M+$5.9M
- GoDaddyGDDY91,729 shares · 0.3% of their software$16.5M−$39.3M
- Corpay, Inc.CPAY47,748 shares · 0.3% of their software · price −$807K$15.8M−$1.7M
- ZoomZM201,352 shares · 0.3% of their software · price +$848K$15.7M+$1.8M
- CoStarCSGP194,432 shares · 0.3% of their software$15.6M+$583K
- ZscalerZS49,498 shares · 0.3% of their software · price +$5.7M$15.5MFlat
- The Trade DeskTTD205,450 shares · 0.2% of their software · price +$3.5M$14.8M+$933K
- HubSpotHUBS26,163 shares · 0.2% of their software$14.6M+$2.4M
- BroadridgeBR58,067 shares · 0.2% of their software$14.1MFlat
- Tyler TechnologiesTYL23,189 shares · 0.2% of their software$13.7M+$1.5M
- DocuSignDOCU158,123 shares · 0.2% of their software · price −$555K$12.3M−$11.5M
- FactSetFDS26,025 shares · 0.2% of their software$11.6M+$3.5M
- NutanixNTNX141,504 shares · 0.2% of their software · price +$938K$10.8M+$2.9M
- TrimbleTRMB128,438 shares · 0.2% of their software · price +$1.3M$9.8M+$1.8M
- ToastTOST204,328 shares · 0.1% of their software · price +$2.3M$9.0M+$1.6M
- MongoDBMDB41,923 shares · 0.1% of their software · price +$1.5M$8.8M+$1.9M
- Calix, Inc.CALX156,445 shares · 0.1% of their software · price +$2.8M$8.3M+$4.0M
- AkamaiAKAM94,506 shares · 0.1% of their software$7.5M+$1.5M
- OktaOKTA70,130 shares · 0.1% of their software$7.0MFlat
- PaycomPAYC26,387 shares · 0.1% of their software$6.1M−$764K
- Grab Holdings LimitedGRAB1,123,799 shares · 0.1% of their software · price +$562K$5.7MFlat
- Check PointCHKP25,502 shares · 0.1% of their software$5.6MFlat
- SamsaraIOT127,402 shares · 0.1% of their software$5.1M+$1.0M
- Bentley SystemsBSY62,614 shares · 0.1% of their software · price +$916K$3.4MFlat
- monday.comMNDY9,101 shares · 0.0% of their software · price +$649K$2.9MFlat
- WixWIX13,701 shares · 0.0% of their software$2.2MFlat
- Lyft, Inc.LYFT119,569 shares · 0.0% of their software$1.9M+$939K
- DuolingoDUOL4,445 shares · 0.0% of their software$1.8MFlat
- UiPathPATH125,139 shares · 0.0% of their software$1.6MFlat
- ElasticESTC18,850 shares · 0.0% of their software$1.6MFlat
- MorningstarMORN4,885 shares · 0.0% of their software$1.5M−$662K
- PegasystemsPEGA27,936 shares · 0.0% of their software$1.5MNew · +$1.9M
- QualysQLYS10,361 shares · 0.0% of their software$1.5M+$837K
- FreshworksFRSH91,833 shares · 0.0% of their software$1.4M+$1.2M
- TenableTENB39,977 shares · 0.0% of their software$1.4M−$3.3M
- LiveRamp Holdings, Inc.RAMP39,761 shares · 0.0% of their software$1.3MNew · +$1.0M
- ProgressPRGS20,350 shares · 0.0% of their software$1.3MNew · +$1.0M
- BoxBOX36,996 shares · 0.0% of their software$1.3M−$1.9M
- SprinklrCXM146,471 shares · 0.0% of their software$1.2MNew · +$1.2M
- Five9FIVN45,600 shares · 0.0% of their software$1.2M+$1.2M
- PagerDutyPD71,255 shares · 0.0% of their software$1.1MFlat
- RingCentralRNG33,701 shares · 0.0% of their software$955KFlat
- CourseraCOUR102,755 shares · 0.0% of their software$900K−$583K
- GuidewireGWRE3,303 shares · 0.0% of their software$778K−$2.2M
- ShopifySHOP4,985 shares · 0.0% of their software$573KFlat
- A10 Networks, Inc.ATEN21,008 shares · 0.0% of their software$407KFlat
- GitLabGTLB3,110 shares · 0.0% of their software$140K−$1.4M
- SPS CommerceSPSC949 shares · 0.0% of their software$129KFlat
- DoximityDOCS1,975 shares · 0.0% of their software$121KFlat
- ProcorePCOR1,701 shares · 0.0% of their software$116K−$1.7M
- CommvaultCVLT546 shares · 0.0% of their software$95K−$1.9M
- CCC Intelligent Solutions Holdings Inc.CCC9,800 shares · 0.0% of their software$92KNew · Flat
- Rubrik, Inc.RBRK1,000 shares · 0.0% of their software$90KNew · Flat
- PaylocityPCTY440 shares · 0.0% of their software$80K−$2.0M
- WorkivaWK1,114 shares · 0.0% of their software$76K−$1.6M
- WEX Inc.WEX500 shares · 0.0% of their software$73KFlat
- Q2QTWO782 shares · 0.0% of their software$73K−$1.7M
- InterDigital, Inc.IDCC300 shares · 0.0% of their software$67KNew · Flat
- Alight, Inc.ALIT9,500 shares · 0.0% of their software$54KNew · Flat
- Clearwater AnalyticsCWAN2,240 shares · 0.0% of their software$49K—
- UnityU2,000 shares · 0.0% of their software$48KFlat
- Euronet Worldwide, Inc.EEFT367 shares · 0.0% of their software$37KFlat
- SemrushSEMR4,002 shares · 0.0% of their software$36K—
- AppFolioAPPF132 shares · 0.0% of their software$30K−$1.9M
- SentinelOneS1,500 shares · 0.0% of their software$27KFlat
- Shift4 Payments, Inc.FOUR274 shares · 0.0% of their software$27K−$1.7M
- JFrogFROG570 shares · 0.0% of their software$25K−$1.5M
- VaronisVRNS400 shares · 0.0% of their software$20KFlat
- DropboxDBX685 shares · 0.0% of their software$20K−$623K
- ACI WorldwideACIW400 shares · 0.0% of their software$18KFlat
- NetScout Systems, Inc.NTCT700 shares · 0.0% of their software$17KNew · Flat
- SoundHound AI, Inc.SOUN1,600 shares · 0.0% of their software$17KNew · Flat
- Remitly Global, Inc.RELY906 shares · 0.0% of their software$17KNew · Flat
- EVERTEC, Inc.EVTC400 shares · 0.0% of their software$14KFlat
- BILLBILL200 shares · 0.0% of their software$9KFlat
- Clear Secure, Inc.YOU223 shares · 0.0% of their software$6K−$1.6M
- PhreesiaPHR208 shares · 0.0% of their software$6K−$1.4M
- Zeta GlobalZETA371 shares · 0.0% of their software$6KFlat
- AlkamiALKT159 shares · 0.0% of their software$5K−$1.1M
- DigitalOceanDOCN163 shares · 0.0% of their software$5K−$1.5M
- BrazeBRZE158 shares · 0.0% of their software$4K−$1.3M
- N-ableNABL300 shares · 0.0% of their software$2KFlat
- BlackLineBL29 shares · 0.0% of their software$2KFlat
- Rapid7RPD47 shares · 0.0% of their software$1KFlat
- Inuvo, Inc.INUV2 shares · 0.0% of their software$9New · Flat
