RGM Capital, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), RGM Capital, LLC reported 20 stock positions worth $2.5 billion. Its top holding was Dynatrace (DT) at 9.1% of the portfolio, followed by Cyberark Software Ltd./Israel (CYBR, 7.9%) and Tyler Technologies (TYL, 6.9%). Compared with Q1 2025, it opened 1 new position, sold out of 1, added to 11 and reduced 8. The biggest buy was Bio-Techne (TECH, shares +118%) and the biggest sale Guidewire Software (GWRE, shares −50%).
- Most Recent 13F
- Q1 2026
- Location
- NAPLES, FL
- CIK
- 0001323953
- Portfolio Value
- $2.5B (Q2 2025)
- SEC Filing
- 0001323953-25-000018 ↗ filed Aug 14, 2025
Holdings Value
Holdings 20 stocks · $2.5B
| DT Dynatrace Inc. | 9.06% | 4,052,101 | $223.7M | Add +0.1% |
| CYBR Cyberark Software Ltd./Israel | 7.86% | 477,055 | $194.1M | Reduce -9.0% |
| TYL Tyler Technologies Inc. | 6.92% | 288,263 | $170.9M | Reduce -5.3% |
| CSGP Costar Group Inc. | 6.91% | 2,122,703 | $170.7M | Reduce -4.7% |
| RVTY Revvity Inc. | 6.27% | 1,600,488 | $154.8M | Add +7.4% |
| VRNS Varonis Systems Inc. | 5.65% | 2,748,513 | $139.5M | Add +1.6% |
| PCOR Procore Technologies Inc. | 5.43% | 1,960,737 | $134.2M | Add +9.5% |
| TENB Tenable Holdings Inc. | 5.42% | 3,965,035 | $133.9M | Add +5.1% |
| ESTC Elastic NV | 5.12% | 1,499,197 | $126.4M | Add +25.2% |
| VEEV Veeva Systems Inc. Class A | 5.07% | 434,684 | $125.2M | Add +0.5% |
| ENTG Entegris Inc. | 4.72% | 1,445,398 | $116.6M | Reduce -7.5% |
| NICE Nice Ltd. - Spon ADR | 4.68% | 684,441 | $115.6M | Reduce -17.2% |
| TECH Bio-Techne Corp. | 4.58% | 2,200,052 | $113.2M | Add +117.6% |
| GWRE Guidewire Software Inc. | 4.42% | 463,756 | $109.2M | Reduce -49.8% |
| BOX Box Inc. Class A | 4.30% | 3,111,648 | $106.3M | Reduce -17.0% |
| NOW ServiceNow Inc. | 4.04% | 97,094 | $99.8M | Add +0.1% |
| PD Pagerduty Inc. | 3.50% | 5,656,092 | $86.4M | Add +0.1% |
| JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC | 3.08% | 422,081 | $76.0M | Add +30.7% |
| MANH Manhattan Associates Inc. | 2.77% | 346,156 | $68.4M | Reduce -25.8% |
| SPSC SPS Commerce Inc. | 0.20% | 36,240 | $4.9M | New |
Portfolio Sells Q1 2025 → Q2 2025
| GWRE Guidewire Software Inc. | Reduce -49.8% | 4.42% | −2.76 |
| PRO Pros Holdings Inc. | Sold out | 0.00% | −1.46 |
| ENTG Entegris Inc. | Reduce -7.5% | 4.72% | −0.94 |
| NICE Nice Ltd. - Spon ADR | Reduce -17.2% | 4.68% | −0.60 |
| MANH Manhattan Associates Inc. | Reduce -25.8% | 2.77% | −0.58 |
| BOX Box Inc. Class A | Reduce -17.0% | 4.30% | −0.49 |
| TYL Tyler Technologies Inc. | Reduce -5.3% | 6.92% | −0.41 |
| CSGP Costar Group Inc. | Reduce -4.7% | 6.91% | −0.40 |
| CYBR Cyberark Software Ltd./Israel | Reduce -9.0% | 7.86% | +0.52 |
Portfolio Buys Q1 2025 → Q2 2025
| TECH Bio-Techne Corp. | Add +117.6% | 4.58% | +2.13 |
| DT Dynatrace Inc. | Add +0.1% | 9.06% | +1.15 |
| VRNS Varonis Systems Inc. | Add +1.6% | 5.65% | +1.11 |
| VEEV Veeva Systems Inc. Class A | Add +0.5% | 5.07% | +0.92 |
| NOW ServiceNow Inc. | Add +0.1% | 4.04% | +0.84 |
| ESTC Elastic NV | Add +25.2% | 5.12% | +0.70 |
| JKHY Jack Henry & Associates Inc. | Add +30.7% | 3.08% | +0.64 |
| PCOR Procore Technologies Inc. | Add +9.5% | 5.43% | +0.53 |
| SPSC SPS Commerce Inc. | New | 0.20% | +0.20 |
| TENB Tenable Holdings Inc. | Add +5.1% | 5.42% | −0.05 |
| RVTY Revvity Inc. | Add +7.4% | 6.27% | −0.26 |
| PD Pagerduty Inc. | Add +0.1% | 3.50% | −0.78 |
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 |