RGM Capital, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 14, 2025), RGM Capital, LLC reported 20 stock positions worth $2.4 billion. Its top holding was Dynatrace (DT) at 7.9% of the portfolio, followed by Cyberark Software Ltd./Israel (CYBR, 7.3%) and Tyler Technologies (TYL, 7.3%). Compared with Q4 2024, it opened 2 new positions, sold out of 2, added to 12 and reduced 6. The biggest buy was a new position in Bio-Techne (TECH) and the biggest sale an exit from Verint Systems (VRNT).
- Most Recent 13F
- Q1 2026
- Location
- NAPLES, FL
- CIK
- 0001323953
- Portfolio Value
- $2.4B (Q1 2025)
- SEC Filing
- 0001323953-25-000010 ↗ filed May 14, 2025
Holdings Value
Holdings 20 stocks · $2.4B
| DT Dynatrace Inc. | 7.91% | 4,046,101 | $190.8M | Reduce -0.2% |
| CYBR Cyberark Software Ltd./Israel | 7.34% | 524,152 | $177.2M | Reduce -16.2% |
| TYL Tyler Technologies Inc. | 7.33% | 304,318 | $176.9M | Reduce -10.3% |
| CSGP Costar Group Inc. | 7.31% | 2,227,503 | $176.5M | Add +1.0% |
| GWRE Guidewire Software Inc. | 7.18% | 924,419 | $173.2M | Reduce -2.5% |
| RVTY Revvity Inc. | 6.53% | 1,489,791 | $157.6M | Add +12.8% |
| ENTG Entegris Inc. | 5.66% | 1,561,949 | $136.6M | Add +11.8% |
| TENB Tenable Holdings Inc. | 5.47% | 3,772,624 | $132.0M | Add +2.0% |
| NICE Nice Ltd. - Spon ADR | 5.28% | 826,660 | $127.4M | Add +8.6% |
| PCOR Procore Technologies Inc. | 4.90% | 1,790,402 | $118.2M | Add +9.3% |
| BOX Box Inc. Class A | 4.80% | 3,749,773 | $115.7M | Add +9.3% |
| VRNS Varonis Systems Inc. | 4.54% | 2,706,531 | $109.5M | Add +45.5% |
| ESTC Elastic NV | 4.42% | 1,197,030 | $106.7M | Add +38.1% |
| PD Pagerduty Inc. | 4.28% | 5,649,592 | $103.2M | Add +12.6% |
| VEEV Veeva Systems Inc. Class A | 4.15% | 432,584 | $100.2M | Add +4.9% |
| MANH Manhattan Associates Inc. | 3.35% | 466,725 | $80.8M | Add +77.0% |
| NOW ServiceNow Inc. | 3.20% | 96,994 | $77.2M | Reduce -4.4% |
| TECH Bio-Techne Corp. | 2.46% | 1,010,860 | $59.3M | New |
| JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC | 2.44% | 322,842 | $59.0M | New |
| PRO Pros Holdings Inc. | 1.46% | 1,852,770 | $35.3M | Reduce -27.1% |
Portfolio Sells Q4 2024 → Q1 2025
| VRNT Verint Systems Inc. | Sold out | 0.00% | −2.38 |
| AVNS Avanos Medical Inc. | Sold out | 0.00% | −1.96 |
| CYBR Cyberark Software Ltd./Israel | Reduce -16.2% | 7.34% | −1.27 |
| NOW ServiceNow Inc. | Reduce -4.4% | 3.20% | −1.24 |
| DT Dynatrace Inc. | Reduce -0.2% | 7.91% | −1.20 |
| PRO Pros Holdings Inc. | Reduce -27.1% | 1.46% | −0.84 |
| TYL Tyler Technologies Inc. | Reduce -10.3% | 7.33% | −0.75 |
| GWRE Guidewire Software Inc. | Reduce -2.5% | 7.18% | +0.57 |
Portfolio Buys Q4 2024 → Q1 2025
| TECH Bio-Techne Corp. | New | 2.46% | +2.46 |
| JKHY Jack Henry & Associates Inc. | New | 2.44% | +2.44 |
| VRNS Varonis Systems Inc. | Add +45.5% | 4.54% | +1.12 |
| ESTC Elastic NV | Add +38.1% | 4.42% | +0.87 |
| CSGP Costar Group Inc. | Add +1.0% | 7.31% | +0.79 |
| VEEV Veeva Systems Inc. Class A | Add +4.9% | 4.15% | +0.57 |
| PD Pagerduty Inc. | Add +12.6% | 4.28% | +0.49 |
| RVTY Revvity Inc. | Add +12.8% | 6.53% | +0.44 |
| MANH Manhattan Associates Inc. | Add +77.0% | 3.35% | +0.40 |
| BOX Box Inc. Class A | Add +9.3% | 4.80% | +0.32 |
| ENTG Entegris Inc. | Add +11.8% | 5.66% | −0.06 |
| NICE Nice Ltd. - Spon ADR | Add +8.6% | 5.28% | −0.06 |
| PCOR Procore Technologies Inc. | Add +9.3% | 4.90% | −0.17 |
| TENB Tenable Holdings Inc. | Add +2.0% | 5.47% | −0.55 |
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 |