Generalist · Montreal, Canada
Caisse de depot et placement du Quebec
Q4 2025 · compared with Q3 2025
- Software
- $5.6B
- Weight of 13F
- 9.5%
- Names
- 51
- Net bought
- +$417M
Filed 17 February 2026 · SEC filing.
540 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
- MicrosoftMSFT5,119,538 shares · 44.4% of their software · price −$176M$2.5B+$110M
- SalesforceCRM1,207,553 shares · 5.7% of their software · price +$33.7M$320M+$12.4M
- LightspeedLSPD24,286,219 shares · 5.3% of their software · price +$12.9M$293MFlat
- AdobeADBE808,489 shares · 5.1% of their software · price −$2.2M$283M+$12.6M
- Uber Technologies, Inc.UBER3,266,590 shares · 4.8% of their software · price −$53.1M$267M+$100M
- ShopifySHOP1,411,721 shares · 4.1% of their software · price +$17.4M$228M+$10.6M
- ZoomZM1,874,701 shares · 2.9% of their software · price +$7.1M$162M+$32.5M
- IntuitINTU229,156 shares · 2.7% of their software · price −$4.7M$152M−$22.3M
- AppLovinAPP157,663 shares · 1.9% of their software · price −$7.1M$106M+$14.6M
- Roper Technologies, Inc.ROP212,638 shares · 1.7% of their software · price −$11.4M$94.7M−$95.4M
- VeriSign, Inc.VRSN367,145 shares · 1.6% of their software · price −$13.4M$89.2M+$47.6M
- AutodeskADSK287,691 shares · 1.5% of their software · price −$6.2M$85.2M+$87.4M
- SynopsysSNPS171,317 shares · 1.4% of their software · price −$4.1M$80.5M+$73.6M
- ServiceNowNOW485,685 shares · 1.3% of their software · price −$373M$74.4M+$380M
- VeevaVEEV322,036 shares · 1.3% of their software · price −$24.0M$71.9M+$17.7M
- CadenceCDNS210,564 shares · 1.2% of their software · price −$8.1M$65.8M+$67.9M
- F5, Inc.FFIV253,212 shares · 1.2% of their software · price −$17.2M$64.6M−$67.7M
- PTCPTC357,297 shares · 1.1% of their software · price −$10.3M$62.2M+$54.3M
- Palo Alto NetworksPANW267,507 shares · 0.9% of their software · price −$5.2M$49.3M−$17.5M
- NetApp, Inc.NTAP425,394 shares · 0.8% of their software · price −$4.8M$45.6M+$32.0M
- Manhattan AssociatesMANH260,308 shares · 0.8% of their software · price −$8.2M$45.1M+$8.4M
- FortinetFTNT507,011 shares · 0.7% of their software · price −$2.4M$40.3M−$29.6M
- CoStarCSGP587,098 shares · 0.7% of their software · price −$10.1M$39.5M+$46.4M
- GoDaddyGDDY315,282 shares · 0.7% of their software · price −$4.0M$39.1M−$19.2M
- ToastTOST1,023,005 shares · 0.7% of their software · price −$1.0M$36.3M−$7.8M
- DatadogDDOG258,800 shares · 0.6% of their software · price −$1.7M$35.2M−$6.6M
- AppFolioAPPF139,629 shares · 0.6% of their software · price −$6.0M$32.5M−$2.5M
- Automatic Data Processing, Inc.ADP105,909 shares · 0.5% of their software · price −$3.8M$27.2M+$4.8M
- DescartesDSGX270,929 shares · 0.4% of their software · price −$1.8M$23.8M−$15.1M
- DynatraceDT539,072 shares · 0.4% of their software · price −$2.8M$23.4M+$8.6M
- TwilioTWLO160,041 shares · 0.4% of their software · price +$6.7M$22.8M+$5.5M
- CrowdStrikeCRWD46,684 shares · 0.4% of their software · price −$1.0M$21.9M+$15.1M
- DocuSignDOCU318,332 shares · 0.4% of their software · price −$1.2M$21.8MFlat
- SS&CSSNC247,573 shares · 0.4% of their software$21.6M−$93.9M
- WorkdayWDAY60,446 shares · 0.2% of their software · price −$1.6M$13.0M−$80.6M
- Fiserv, Inc.FISV151,432 shares · 0.2% of their software · price −$9.4M$10.2M+$12.0M
- Fair IsaacFICO5,145 shares · 0.2% of their software · price +$999K$8.7M+$781K
- CloudflareNET42,831 shares · 0.2% of their software · price −$747K$8.4M+$1.3M
- AtlassianTEAM44,460 shares · 0.1% of their software$7.2M+$3.4M
- HubSpotHUBS11,729 shares · 0.1% of their software · price −$780K$4.7M−$8.3M
- StoneCo Ltd.STNE259,736 shares · 0.1% of their software · price −$1.1M$3.8M+$2.8M
- NutanixNTNX71,226 shares · 0.1% of their software · price −$1.6M$3.7M+$2.6M
- VeriskVRSK13,458 shares · 0.1% of their software$3.0M−$12.7M
- PegasystemsPEGA32,613 shares · 0.0% of their software$1.9MNew · +$1.9M
- Rubrik, Inc.RBRK25,300 shares · 0.0% of their software$1.9MNew · +$2.1M
- TeradataTDC54,531 shares · 0.0% of their software$1.7MNew · +$1.2M
- DuolingoDUOL9,208 shares · 0.0% of their software · price −$1.3M$1.6MFlat
- QualysQLYS12,007 shares · 0.0% of their software$1.6MFlat
- The Trade DeskTTD41,168 shares · 0.0% of their software$1.6MNew · +$2.0M
- BroadridgeBR5,136 shares · 0.0% of their software$1.1MNew · +$1.2M
- Lyft, Inc.LYFT25,814 shares · 0.0% of their software$500KNew · +$568K