RGM Capital, LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 13, 2025), RGM Capital, LLC reported 20 stock positions worth $2.4 billion. Its top holding was Dynatrace (DT) at 9.1% of the portfolio, followed by Cyberark Software Ltd./Israel (CYBR, 8.6%) and Tyler Technologies (TYL, 8.1%). Compared with Q3 2024, it opened 2 new positions, sold out of 1, added to 8 and reduced 10. The biggest buy was a new position in Veeva Systems Class A (VEEV) and the biggest sale Guidewire Software (GWRE, shares −11%).
- Most Recent 13F
- Q1 2026
- Location
- NAPLES, FL
- CIK
- 0001323953
- Portfolio Value
- $2.4B (Q4 2024)
- SEC Filing
- 0001323953-25-000003 ↗ filed Feb 13, 2025
Holdings Value
Holdings 20 stocks · $2.4B
| DT Dynatrace Inc. | 9.10% | 4,054,376 | $220.4M | Reduce -6.6% |
| CYBR Cyberark Software Ltd./Israel | 8.61% | 625,812 | $208.5M | Reduce -12.1% |
| TYL Tyler Technologies Inc. | 8.08% | 339,318 | $195.7M | Add +1.2% |
| GWRE Guidewire Software Inc. | 6.60% | 948,283 | $159.9M | Reduce -10.5% |
| CSGP Costar Group Inc. | 6.52% | 2,205,939 | $157.9M | Add +38.0% |
| RVTY Revvity Inc. | 6.09% | 1,320,591 | $147.4M | Add +34.6% |
| TENB Tenable Holdings Inc. | 6.02% | 3,700,017 | $145.7M | Add +10.8% |
| ENTG Entegris Inc. | 5.72% | 1,397,249 | $138.4M | Add +33.1% |
| NICE Nice Ltd. - Spon ADR | 5.34% | 761,122 | $129.3M | Reduce -8.7% |
| PCOR Procore Technologies Inc. | 5.07% | 1,637,363 | $122.7M | Add +26.6% |
| BOX Box Inc. Class A | 4.48% | 3,431,314 | $108.4M | Reduce -22.3% |
| NOW ServiceNow Inc. | 4.44% | 101,494 | $107.6M | Reduce -1.5% |
| PD Pagerduty Inc. | 3.78% | 5,015,461 | $91.6M | Add +9.9% |
| VEEV Veeva Systems Inc. Class A | 3.58% | 412,259 | $86.7M | New |
| ESTC Elastic NV | 3.55% | 866,740 | $85.9M | New |
| VRNS Varonis Systems Inc. | 3.41% | 1,860,056 | $82.6M | Add +19.4% |
| MANH Manhattan Associates Inc. | 2.94% | 263,654 | $71.2M | Reduce -28.6% |
| VRNT Verint Systems Inc. | 2.38% | 2,101,187 | $57.7M | Reduce -32.9% |
| PRO Pros Holdings Inc. | 2.30% | 2,540,752 | $55.8M | Reduce -16.1% |
| AVNS Avanos Medical Inc. | 1.96% | 2,986,519 | $47.5M | Reduce -5.8% |
Portfolio Sells Q3 2024 → Q4 2024
| GWRE Guidewire Software Inc. | Reduce -10.5% | 6.60% | −1.79 |
| BOX Box Inc. Class A | Reduce -22.3% | 4.48% | −1.77 |
| MANH Manhattan Associates Inc. | Reduce -28.6% | 2.94% | −1.56 |
| SMAR Smartsheet Inc. Class A | Sold out | 0.00% | −1.37 |
| AVNS Avanos Medical Inc. | Reduce -5.8% | 1.96% | −1.34 |
| VRNT Verint Systems Inc. | Reduce -32.9% | 2.38% | −1.05 |
| DT Dynatrace Inc. | Reduce -6.6% | 9.10% | −0.95 |
| NICE Nice Ltd. - Spon ADR | Reduce -8.7% | 5.34% | −0.93 |
| CYBR Cyberark Software Ltd./Israel | Reduce -12.1% | 8.61% | −0.37 |
| PRO Pros Holdings Inc. | Reduce -16.1% | 2.30% | −0.12 |
| NOW ServiceNow Inc. | Reduce -1.5% | 4.44% | +0.46 |
Portfolio Buys Q3 2024 → Q4 2024
| VEEV Veeva Systems Inc. Class A | New | 3.58% | +3.58 |
| ESTC Elastic NV | New | 3.55% | +3.55 |
| PCOR Procore Technologies Inc. | Add +26.6% | 5.07% | +1.61 |
| CSGP Costar Group Inc. | Add +38.0% | 6.52% | +1.30 |
| RVTY Revvity Inc. | Add +34.6% | 6.09% | +0.66 |
| ENTG Entegris Inc. | Add +33.1% | 5.72% | +0.60 |
| TENB Tenable Holdings Inc. | Add +10.8% | 6.02% | +0.16 |
| PD Pagerduty Inc. | Add +9.9% | 3.78% | +0.12 |
| TYL Tyler Technologies Inc. | Add +1.2% | 8.08% | −0.39 |
| VRNS Varonis Systems Inc. | Add +19.4% | 3.41% | −0.40 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q1 2026 | 0 | $0 | |
| Q4 2025 | 17 | $2.1B | DT, NOW, RVTY, PCOR, TYL |
| Q3 2025 | 19 | $2.4B | DT, CSGP, VRNS, TYL, PCOR |
| Q2 2025 | 20 | $2.5B | DT, CYBR, TYL, CSGP, RVTY |
| Q1 2025 | 20 | $2.4B | DT, CYBR, TYL, CSGP, GWRE |
| Q4 2024 | 20 | $2.4B | DT, CYBR, TYL, GWRE, CSGP |
| Q3 2024 | 19 | $2.3B | DT, CYBR, TYL, GWRE, NICE |
| Q2 2024 | 20 | $2.5B | CYBR, GWRE, TYL, NICE, DT |
| Q1 2024 | 19 | $2.5B | NICE, CYBR, GWRE, TYL, DT |