RGM Capital, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), RGM Capital, LLC reported 17 stock positions worth $2.1 billion. Its top holding was Dynatrace (DT) at 8.6% of the portfolio, followed by ServiceNow (NOW, 8.1%) and Revvity (RVTY, 7.1%). Compared with Q3 2025, it sold out of 2, added to 8 and reduced 9. The biggest buy was ServiceNow (NOW, shares +40%) and the biggest sale an exit from Pagerduty (PD).
- Most Recent 13F
- Q1 2026
- Location
- NAPLES, FL
- CIK
- 0001323953
- Portfolio Value
- $2.1B (Q4 2025)
- SEC Filing
- 0001323953-26-000009 ↗ filed Feb 17, 2026
Holdings Value
Holdings 17 stocks · $2.1B
| DT Dynatrace Inc. | 8.64% | 4,107,728 | $178.0M | Reduce -0.8% |
| NOW ServiceNow Inc. | 8.15% | 1,095,795 | $167.9M | Add +39.5% |
| RVTY Revvity Inc. | 7.14% | 1,519,388 | $147.0M | Reduce -10.1% |
| PCOR Procore Technologies Inc. | 6.93% | 1,963,169 | $142.8M | Reduce -5.4% |
| TYL Tyler Technologies Inc. | 6.72% | 305,043 | $138.5M | Add +5.2% |
| CSGP Costar Group Inc. | 6.51% | 1,995,460 | $134.2M | Reduce -4.7% |
| ESTC Elastic NV | 6.26% | 1,710,069 | $129.0M | Add +2.4% |
| TECH Bio-Techne Corp. | 6.14% | 2,152,052 | $126.6M | Reduce -6.4% |
| VEEV Veeva Systems Inc. Class A | 6.03% | 556,572 | $124.2M | Add +18.5% |
| CYBR Cyberark Software Ltd./Israel | 5.56% | 256,922 | $114.6M | Add +6.7% |
| ENTG Entegris Inc. | 5.34% | 1,304,643 | $109.9M | Reduce -11.5% |
| JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC | 5.22% | 588,957 | $107.5M | Reduce -1.0% |
| VRNS Varonis Systems Inc. | 5.03% | 3,160,093 | $103.7M | Add +17.1% |
| BOX Box Inc. Class A | 4.84% | 3,330,168 | $99.6M | Add +8.2% |
| TENB Tenable Holdings Inc. | 4.65% | 4,071,191 | $95.8M | Reduce -8.9% |
| GWRE Guidewire Software Inc. | 3.59% | 367,744 | $73.9M | Reduce -19.6% |
| MANH Manhattan Associates Inc. | 3.23% | 384,456 | $66.6M | Add +11.9% |
Portfolio Sells Q3 2025 → Q4 2025
| PD Pagerduty Inc. | Sold out | 0.00% | −2.92 |
| SPSC SPS Commerce Inc. | Sold out | 0.00% | −0.96 |
| CSGP Costar Group Inc. | Reduce -4.7% | 6.51% | −0.92 |
| GWRE Guidewire Software Inc. | Reduce -19.6% | 3.59% | −0.84 |
| TENB Tenable Holdings Inc. | Reduce -8.9% | 4.65% | −0.83 |
| ENTG Entegris Inc. | Reduce -11.5% | 5.34% | −0.40 |
| DT Dynatrace Inc. | Reduce -0.8% | 8.64% | +0.20 |
| PCOR Procore Technologies Inc. | Reduce -5.4% | 6.93% | +0.56 |
| TECH Bio-Techne Corp. | Reduce -6.4% | 6.14% | +0.76 |
| RVTY Revvity Inc. | Reduce -10.1% | 7.14% | +0.90 |
| JKHY Jack Henry & Associates Inc. | Reduce -1.0% | 5.22% | +1.49 |
Portfolio Buys Q3 2025 → Q4 2025
| NOW ServiceNow Inc. | Add +39.5% | 8.15% | +2.06 |
| CYBR Cyberark Software Ltd./Israel | Add +6.7% | 5.56% | +0.67 |
| BOX Box Inc. Class A | Add +8.2% | 4.84% | +0.65 |
| TYL Tyler Technologies Inc. | Add +5.2% | 6.72% | +0.34 |
| ESTC Elastic NV | Add +2.4% | 6.26% | +0.32 |
| MANH Manhattan Associates Inc. | Add +11.9% | 3.23% | +0.27 |
| VEEV Veeva Systems Inc. Class A | Add +18.5% | 6.03% | +0.14 |
| VRNS Varonis Systems Inc. | Add +17.1% | 5.03% | −1.50 |
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 |