Generalist · Montreal, Canada
Caisse de depot et placement du Quebec
Q3 2025 · compared with Q2 2025
- Software
- $5.9B
- Weight of 13F
- 10.6%
- Names
- 57
- Net bought
- +$223M
Filed 14 November 2025 · SEC filing.
539 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 202654 names$4.7B+$569M
- Q1 202659 names$4.0B−$445M
- Q4 202551 names$5.6B+$417M
- Q3 202557 names$5.9B+$223M
- Q2 202559 names$5.6B+$174M
- Q1 202559 names$4.5B−$29.4M
- Q4 202462 names$5.1B−$361M
- Q3 202456 names$5.4B+$856M
- Q2 202449 names$4.4B+$261M
- Q1 202448 names$4.1B−$189M
- Q4 202353 names$4.1B+$331M
- Q3 202346 names$3.1B−$71.6M
- Q2 202343 names$3.4B−$181M
- Q1 202344 names$3.1B+$34.9M
- Q4 202250 names$2.6B−$461M
- Q3 202250 names$3.0B+$34.1M
- Q2 202251 names$3.4B+$255M
- Q1 202256 names$4.3B−$56.4M
- Q4 202154 names$5.1B−$52.8M
- Q3 202146 names$6.2B+$2.0B
- Q2 202142 names$3.8B+$592M
- Q1 202145 names$2.7B+$77.4M
- Q4 202046 names$2.6B+$4.1M
- Q3 202039 names$2.4B+$411M
- Q2 202040 names$1.9B−$206M
- Q1 202040 names$1.7B−$177M
- Q4 201939 names$2.1B−$136M
- Q3 201938 names$2.1B+$180M
- Q2 201935 names$1.9B−$101M
- Q1 201934 names$1.9B−$220M
- Q4 201832 names$1.8B−$192M
- Q3 201833 names$2.3B−$171M
- Q2 201827 names$2.2B−$46.6M
- Q1 201829 names$2.2B−$38.5M
- Q4 201727 names$2.2B−$33.4M
- Q3 201728 names$2.1B−$145M
- Q2 201728 names$2.2B−$131M
- Q1 201727 names$2.2B−$64.8M
- Q4 201626 names$2.1B−$45.9M
- Q3 201626 names$2.1B−$43.7M
- Q2 201627 names · $2K in calls, not in the total$2.1B—
What moved the book
The five software lines with the largest share change this quarter.
Software held
- MicrosoftMSFT4,907,133 shares · 43.4% of their software · price +$101M$2.5B+$218M
- LightspeedLSPD24,286,219 shares · 4.8% of their software · price −$3.9M$280MFlat
- SalesforceCRM1,155,036 shares · 4.7% of their software · price −$41.2M$274M+$81.3M
- AdobeADBE772,679 shares · 4.7% of their software · price −$26.4M$273M+$67.4M
- Uber Technologies, Inc.UBER2,243,012 shares · 3.7% of their software · price +$10.5M$220M+$32.1M
- Roper Technologies, Inc.ROP403,855 shares · 3.4% of their software · price −$27.5M$201M+$29.3M
- ShopifySHOP1,340,070 shares · 3.4% of their software · price +$44.6M$199MFlat
- OracleORCL687,190 shares · 3.3% of their software · price +$43.0M$193M+$17.1M
- IntuitINTU261,768 shares · 3.1% of their software · price −$27.4M$179M+$96.7M
- F5, Inc.FFIV462,740 shares · 2.6% of their software · price +$13.4M$150M+$85.6M
- ZoomZM1,481,103 shares · 2.1% of their software · price +$6.7M$122M−$12.7M
- SS&CSSNC1,305,278 shares · 2.0% of their software · price +$7.8M$116M−$24.0M
- AppLovinAPP137,345 shares · 1.7% of their software · price +$50.6M$98.7M−$6.2M
- WorkdayWDAY395,337 shares · 1.6% of their software$95.2M+$10.2M
- VeevaVEEV262,732 shares · 1.3% of their software · price +$2.6M$78.3M−$7.8M
- FortinetFTNT858,987 shares · 1.2% of their software · price −$18.6M$72.2M−$51.0M
- Palo Alto NetworksPANW353,499 shares · 1.2% of their software$72.0M+$27.5M
- ServiceNowNOW72,856 shares · 1.1% of their software · price −$7.9M$67.0M+$7.7M
- GoDaddyGDDY455,807 shares · 1.1% of their software · price −$19.7M$62.4M−$37.2M
- VeriSign, Inc.VRSN196,839 shares · 0.9% of their software · price −$1.8M$55.0M+$10.6M
- ToastTOST1,236,534 shares · 0.8% of their software · price −$9.6M$45.1M+$26.2M
- Manhattan AssociatesMANH219,142 shares · 0.8% of their software · price +$1.6M$44.9M−$33.0M
- DatadogDDOG304,823 shares · 0.7% of their software · price +$2.5M$43.4M−$9.2M
- AppFolioAPPF148,741 shares · 0.7% of their software · price +$6.7M$41.0M+$9.0M
- DescartesDSGX431,055 shares · 0.7% of their software · price −$3.2M$40.6M−$2.2M
- PaycomPAYC141,056 shares · 0.5% of their software · price −$3.3M$29.4M−$5.6M
- Automatic Data Processing, Inc.ADP89,680 shares · 0.4% of their software · price −$1.3M$26.3M−$51.9M
- DocuSignDOCU320,543 shares · 0.4% of their software · price −$1.9M$23.1M−$79.1M
- NetApp, Inc.NTAP154,860 shares · 0.3% of their software · price +$1.8M$18.3MNew · +$16.5M
- PTCPTC89,649 shares · 0.3% of their software · price +$2.8M$18.2M+$6.4M
- DynatraceDT361,826 shares · 0.3% of their software · price −$2.4M$17.5M+$5.4M
- ZscalerZS55,697 shares · 0.3% of their software · price −$795K$16.7MNew · +$17.5M
- VeriskVRSK64,088 shares · 0.3% of their software · price −$3.8M$16.1M−$14.3M
- HubSpotHUBS29,455 shares · 0.2% of their software · price −$2.6M$13.8M+$13.7M
- SynopsysSNPS22,100 shares · 0.2% of their software$10.9M−$35.6M
- FactSetFDS37,530 shares · 0.2% of their software · price −$6.0M$10.8M+$8.1M
- TwilioTWLO105,588 shares · 0.2% of their software · price −$2.6M$10.6M−$3.2M
- CloudflareNET36,669 shares · 0.1% of their software · price +$688K$7.9M−$2.9M
- CrowdStrikeCRWD15,837 shares · 0.1% of their software$7.8M−$8.8M
- Fiserv, Inc.FISV58,590 shares · 0.1% of their software · price −$2.5M$7.6M−$17.9M
- Fair IsaacFICO4,623 shares · 0.1% of their software · price −$1.5M$6.9M−$27.0M
- OktaOKTA74,949 shares · 0.1% of their software · price −$620K$6.9M+$1.9M
- ElasticESTC76,700 shares · 0.1% of their software$6.5MNew · +$6.5M
- CadenceCDNS17,130 shares · 0.1% of their software · price +$738K$6.0M−$9.1M
- AlkamiALKT179,676 shares · 0.1% of their software · price −$952K$4.5M+$761K
- CommvaultCVLT22,955 shares · 0.1% of their software$4.3M−$44.1M
- AutodeskADSK12,535 shares · 0.1% of their software$4.0M−$8.9M
- AtlassianTEAM23,146 shares · 0.1% of their software · price −$1.0M$3.7M−$3.9M
- CoStarCSGP37,577 shares · 0.1% of their software$3.2MNew · +$3.0M
- WaystarWAY77,091 shares · 0.0% of their software$2.9MFlat
- DuolingoDUOL8,763 shares · 0.0% of their software · price −$773K$2.8M−$1.8M
- NutanixNTNX36,268 shares · 0.0% of their software$2.7M−$1.2M
- StoneCo Ltd.STNE109,400 shares · 0.0% of their software$2.1M−$5.2M
- Tyler TechnologiesTYL3,809 shares · 0.0% of their software$2.0M−$800K
- QualysQLYS12,017 shares · 0.0% of their software$1.6MFlat
- Via Transportation, Inc.VIA18,152 shares · 0.0% of their software$873KNew · +$873K
- Gen DigitalGEN10,870 shares · 0.0% of their software$309K−$4.8M