176 investment ideas from 96 funds across 87 stocks. Every thesis and quote on this page comes from a fund manager's own investor letter, not a 13F filing, so you can see the reasoning, risks and conviction behind each Software & Cloud position.
LongAVGO
Baron believes Broadcom's semiconductor portfolio is reaching an inflection point as AI drives demand for networking and custom compute. The company is the market leader in networking and is positioned to benefit as hype
LongADPSep 2026
ADP combines predictable recurring revenue from payroll and human-resources software with an additional earnings stream from client payroll balances. The fund notes that the shares were caught in the broader software sel
LongMSFTSep 2026
Microsoft is positioned at the intersection of cloud computing and artificial intelligence, supported by continued Azure demand and growing adoption of AI-powered tools across its software ecosystem. The fund points to r
LongAAPLSep 2026
Apple's thesis rests on the strength of its consumer ecosystem, loyal customer base, recurring services revenue and balance sheet. The fund highlights the first foldable iPhone as a potential catalyst for a future upgrad
LongDB1
Deutsche Börse benefits from higher market activity and volatility through increased trading volumes, while inflation and interest-rate uncertainty support activity in rate markets and its Clearstream settlement and cust
LongSPIE
The fund believes investors are focusing too heavily on weakness in France, where the fibre rollout is ending and building activity is lower. It argues that SPIE's broader structural demand drivers remain intact across p
LongMYCR
The fund initiated a new position in Mycronic after analysing the business and meeting management. It sees an attractive combination of quality and underappreciated growth, supported by high sustainable returns and recur
LongCSU.TO
Constellation Software is a serial acquirer of niche vertical-software businesses with a long record of strong earnings growth and capital allocation. The shares fell more than 50 percent from their peak after founder Ma
LongRDVT
Immersion argues that Red Violet's identity-verification business has been wrongly treated as vulnerable to AI disruption. Its CORE platform is itself AI-driven and continuously builds and updates profiles using billions
LongGETB:GB
GetBusy provides online document exchange systems, primarily for accountants, and has continued growing since its 2017 spinoff from Reckon. The reported company is currently loss-making because it is deliberately investi
LongBBW
Azeus has been pressured by broad fears that AI will disrupt software and by an unexpected reduction in its large Hong Kong government CERKS contract. The manager argues that its Convene board-portal product is fundament
LongFOUR
Shift4 shares fell after strong 2025 results were accompanied by weaker-than-expected 2026 guidance, tax-free-shopping headwinds and lower free-cash-flow conversion. Greystone nevertheless expects the company to outgrow
“A combination of a strong competitive positioning, AI-related growth, accretion from the VMWare acquisition, and reasonable valuation sets up a favorable outlook for Broadcom.”
“the market continues to underappreciate this unique combination of deeply integrated software and interest income potential.”
“continued demand for Azure and growing adoption of AI-powered tools across its software ecosystem.”
“we believe its combination of innovation, brand strength, and shareholder-friendly capital allocation remains highly attractive.”
“These results continue to support the longer-term investment case”
“the structural demand drivers for SPIE’s services in areas such as power grids, data centres and nuclear are firmly in place.”