# RGM Capital, LLC

> Institutional holdings reported to the SEC as of Q4 2025 on Form 13F. CIK 1323953. Source: https://holderbook.com/funds/1323953-rgm-capital-llc/

- Reported value: $2.1B
- Positions: 17
- Weight of the ten largest: 68.1%
- Filed: 2026-02-17

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| DYNATRACE INC | [DT](https://holderbook.com/stocks/DT/) | $178.0M | 4,107,728 | 8.6% | 16 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $167.9M | 1,095,795 | 8.1% | 29 |
| REVVITY INC | [RVTY](https://holderbook.com/stocks/RVTY/) | $147.0M | 1,519,388 | 7.1% | 9 |
| PROCORE TECHNOLOGIES INC | [PCOR](https://holderbook.com/stocks/PCOR/) | $142.8M | 1,963,169 | 6.9% | 7 |
| TYLER TECHNOLOGIES INC | [TYL](https://holderbook.com/stocks/TYL/) | $138.5M | 305,043 | 6.7% | 29 |
| COSTAR GROUP INC | [CSGP](https://holderbook.com/stocks/CSGP/) | $134.2M | 1,995,460 | 6.5% | 16 |
| ELASTIC N V | [ESTC](https://holderbook.com/stocks/ESTC/) | $129.0M | 1,710,069 | 6.3% | 5 |
| BIO-TECHNE CORP | [TECH](https://holderbook.com/stocks/TECH/) | $126.6M | 2,152,052 | 6.1% | 4 |
| VEEVA SYS INC | [VEEV](https://holderbook.com/stocks/VEEV/) | $124.2M | 556,572 | 6.0% | 5 |
| CYBERARK SOFTWARE LTD | [CYBR](https://holderbook.com/stocks/CYBR/) | $114.6M | 256,922 | 5.6% | 29 |
| ENTEGRIS INC | [ENTG](https://holderbook.com/stocks/ENTG/) | $109.9M | 1,304,643 | 5.3% | 29 |
| HENRY JACK & ASSOC INC | [JKHY](https://holderbook.com/stocks/JKHY/) | $107.5M | 588,957 | 5.2% | 4 |
| VARONIS SYS INC | [VRNS](https://holderbook.com/stocks/VRNS/) | $103.7M | 3,160,093 | 5.0% | 13 |
| BOX INC | [BOX](https://holderbook.com/stocks/BOX/) | $99.6M | 3,330,168 | 4.8% | 28 |
| TENABLE HLDGS INC | [TENB](https://holderbook.com/stocks/TENB/) | $95.8M | 4,071,191 | 4.7% | 24 |
| GUIDEWIRE SOFTWARE INC | [GWRE](https://holderbook.com/stocks/GWRE/) | $73.9M | 367,744 | 3.6% | 20 |
| MANHATTAN ASSOCIATES INC | [MANH](https://holderbook.com/stocks/MANH/) | $66.6M | 384,456 | 3.2% | 29 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q4 2025 | -11.4% | +2.4% | -13.8% | 100% |
| Q3 2025 | -0.7% | +7.8% | -8.5% | 100% |
| Q2 2025 | +7.0% | +10.5% | -3.5% | 100% |
| Q1 2025 | -6.2% | -4.6% | -1.7% | 100% |
| Q4 2024 | -1.3% | +2.1% | -3.5% | 100% |
| Q3 2024 | +8.0% | +5.4% | +2.5% | 100% |
| Q2 2024 | -3.7% | +4.0% | -7.7% | 100% |
| Q1 2024 | +7.3% | +10.0% | -2.7% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q4 2025 | $2.1B | 17 |
| Q3 2025 | $2.4B | 19 |
| Q2 2025 | $2.5B | 20 |
| Q1 2025 | $2.4B | 20 |
| Q4 2024 | $2.4B | 20 |
| Q3 2024 | $2.3B | 19 |
| Q2 2024 | $2.5B | 20 |
| Q1 2024 | $2.5B | 19 |
| Q4 2023 | $2.4B | 19 |
| Q3 2023 | $2.2B | 19 |
| Q2 2023 | $2.2B | 18 |
| Q1 2023 | $2.1B | 18 |