RGM Capital, LLC
CIK 1323953 · View on SEC EDGAR ↗
- Portfolio value
- $2.1B
- Positions
- 17
- As of
- Dec. 31, 2025 Data as of Q4 2025
Portfolio value QoQ: -13.3% 13F does not disclose cash
- Top 10 holdings weight
- 68.10%
- Top 25 holdings weight
- 100.00%
- Positions above 1%
- 17
- Effective number of positions
- 16.1
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q4 2025: 7.94% Est. buys $210,076,568 · sells $176,152,949
Median holding: 5.0 quarters Tracked Q4 2024–Q4 2025 · 73.9% still held
- New positions
- 0
- Increased
- 8
- Decreased
- 9
- Closed
- 2
On this page
- Performance vs S&P How this manager's 13F portfolio performed against the S&P 500.
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- High-conviction bets The holdings this manager is most concentrated in.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
Performance vs S&P 500
Annualized: -10.3% · S&P 500: +17.9%
Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.
Priceable coverage: 99.0% · Options excluded: 0.0%
Sector breakdown
Full portfolio 17 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| DT Dynatrace, Inc. Common Stock | $178,028,932 | 8.64% | 4,107,728 | $-22,604,504 | Down ×1 | ||
| NOW ServiceNow, Inc. Common Stock | $167,864,836 | 8.15% | 1,095,795 | $23,294,370 | Up ×3 | ||
| RVTY Revvity, Inc. Common Stock | $147,000,789 | 7.14% | 1,519,388 | $-1,074,069 | Down ×1 | ||
| PCOR Procore Technologies, Inc. Common Stock | $142,800,913 | 6.93% | 1,963,169 | $-8,465,137 | Down ×1 | ||
| TYL Tyler Technologies, Inc. Common Stock | $138,474,270 | 6.72% | 305,043 | $-13,174,119 | Up ×2 | ||
| CSGP CoStar Group, Inc. - Common Stock | $134,174,730 | 6.51% | 1,995,460 | $-42,386,622 | Down ×3 | ||
| ESTC Elastic N.V. Ordinary Shares | $129,007,605 | 6.26% | 1,710,069 | $-12,065,179 | Up ×4 | ||
| TECH Bio-Techne Corp - Common Stock | $126,562,178 | 6.14% | 2,152,052 | $-1,389,715 | Down ×1 | ||
| VEEV Veeva Systems Inc. Class A Common Stock | $124,243,568 | 6.03% | 556,572 | $-15,699,059 | Up ×4 | ||
| CYBR CyberArk Software Ltd. - Ordinary Shares | $114,602,627 | 5.56% | 256,922 | $-1,702,207 | Up ×1 | ||
| ENTG Entegris, Inc. - Common Stock | $109,916,173 | 5.34% | 1,304,643 | $-26,434,681 | Down ×1 | ||
| JKHY Jack Henry & Associates, Inc. - Common Stock | $107,472,873 | 5.22% | 588,957 | $18,851,034 | Down ×1 | ||
| VRNS Varonis Systems, Inc. - Common Stock | $103,651,050 | 5.03% | 3,160,093 | $-51,489,962 | Up ×1 | ||
| BOX Box, Inc. Class A Common Stock | $99,605,325 | 4.84% | 3,330,168 | $257,354 | Up ×1 | ||
| TENB Tenable Holdings, Inc. - Common Stock | $95,795,124 | 4.65% | 4,071,191 | $-34,496,305 | Down ×1 | ||
| GWRE Guidewire Software, Inc. Common Stock | $73,920,221 | 3.59% | 367,744 | $-31,230,615 | Down ×4 | ||
| MANH Manhattan Associates, Inc. - Common Stock | $66,630,069 | 3.23% | 384,456 | $-3,771,542 | Up ×1 | ||
| No matches | |||||||
Conviction holdings
Positions increased for 3+ consecutive quarters.
Share counts are as reported in 13F filings (not split-adjusted)
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| VRNS | Bought more | +461K | -$51.5M |
| CSGP | Trimmed | -97K | -$42.4M |
| TENB | Trimmed | -397K | -$34.5M |
| GWRE | Trimmed | -90K | -$31.2M |
| ENTG | Trimmed | -170K | -$26.4M |
| NOW | Bought more | +939K | +$23.3M |
| DT | Trimmed | -33K | -$22.6M |
| JKHY | Trimmed | -6K | +$18.9M |
| VEEV | Bought more | +87K | -$15.7M |
| TYL | Bought more | +15K | -$13.2M |
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| NICE | Sept. 30, 2025 | 684,441 | $115,608,929 | -30.5% |
| PD | Dec. 31, 2025 | 4,194,782 | $69,297,799 | -5.9% |
| VRNT | March 31, 2025 | 2,101,187 | $57,677,583 | No longer tracked |
| AVNS | March 31, 2025 | 2,986,519 | $47,545,382 | No longer tracked |
| PRO | June 30, 2025 | 1,852,770 | $35,258,213 | No longer tracked |
| SPSC | Dec. 31, 2025 | 219,085 | $22,815,512 | -10.6% |