10 Biggest SaaS Companies in the World

In this piece, we will take a look at the ten biggest SaaS companies in the world. For more companies, head on over to 30 Biggest SaaS Companies in the World.

10. Atlassian Corporation (NASDAQ:TEAM)

Latest Value: $45.14 billion

Atlassian Corporation (NASDAQ:TEAM) is a software company that provides products for workflow management, collaboration, and project management.

50 of the 943 hedge funds part of Insider Monkey’s Q4 2022 survey had bought Atlassian Corporation (NASDAQ:TEAM)’s shares. The firm’s largest investor in our database is Alexander Becker’s Codex Capital which owns 2,500 shares that are worth $345,050.

9. Roper Technologies, Inc. (NYSE:ROP)

Latest Value: $45.57 billion

Roper Technologies, Inc. (NYSE:ROP) is a software company that enables customers to run analytics and carry out financial management among other tasks.

By the end of 2022’s final quarter. 41 of the 943 hedge funds polled by Insider Monkey had bought a stake in the company. Roper Technologies, Inc. (NYSE:ROP)’s largest investor in our database is Henry Ellenbogen’s Durable Capital Partners which owns 1.6 million shares that are worth $727 million.

8. Snowflake Inc. (NYSE:SNOW)

Latest Value: $45.69 billion

Snowflake Inc. (NYSE:SNOW) is a software platform provider enabling firms to consolidate their data to generate analytical insights.

Insider Monkey dug through 943 hedge fund portfolios for 2022’s final quarter and found out that 75 had bought Snowflake Inc. (NYSE:SNOW)’s shares. Out of these, Brad Gerstner’s Altimeter Capital Management is the firm’s largest investor with a $2.2 billion stake that comes via 15.3 million shares.

7. Block, Inc. (NYSE:SQ)

Latest Value: $48.65 billion

Block, Inc. (NYSE:SQ) is a financial technology firm that derives most of its earnings from its SaaS software engine that enables merchants to accept payments.

As part of their December quarter of 2022 investments, 70 of the 943 hedge funds polled by Insider Monkey had invested in the company. Block, Inc. (NYSE:SQ)’s largest hedge fund investor is Ken Fisher’s Fisher Asset Management which owns 11.3 million shares that are worth $713 million.

6. Workday, Inc. (NASDAQ:WDAY)

Latest Value: $48.90 billion

Workday, Inc. (NASDAQ:WDAY) is a financial software platform provider allowing companies to maintain accounting systems and more.

By the end of last year’s fourth quarter, 83 of the 943 hedge funds polled by Insider Monkey had bought Workday, Inc. (NASDAQ:WDAY)’s shares. The company’s largest shareholder is Stephen Mandel’s Lone Pine Capital which owns 4.6 million shares that are worth $781 million.

5. Shopify Inc. (NYSE:SHOP)

Latest Value: $55.51 billion

Shopify Inc. (NYSE:SHOP) is a commerce SaaS company whose platform enables merchants to market and sell their products, manage their inventory, and secure financing.

66 of the 943 hedge funds part of Insider Monkey’s Q4 2022 survey had bought a stake in the company. Shopify Inc. (NYSE:SHOP)’s largest hedge fund investor is Catherine D. Wood’s ARK Investment Management which owns 13.2 million shares that are worth $460 million.

4. ServiceNow, Inc. (NYSE:NOW)

Latest Value: $90.54 billion

ServiceNow, Inc. (NYSE:NOW) is a cloud computing firm that provides artificial intelligence, workflow automation, and other services.

By the end of 2022’s final quarter, 97 of the 943 hedge funds surveyed by Insider Monkey had invested in ServiceNow, Inc. (NYSE:NOW). Out of these, Ken Fisher’s Fisher Asset Management is the firm’s largest investor which owns 1.3 million shares that are worth $508 million.

3. Intuit Inc. (NASDAQ:INTU)

Latest Value: $115.78 billion

Intuit Inc. (NASDAQ:INTU) runs a cloud software platform allowing firms to manage their payroll, scour through financing options, and conduct other operations.

92 of the 943 hedge funds part of Insider Monkey’s Q4 2022 survey had bought the firm’s shares. Intuit Inc. (NASDAQ:INTU)’s largest investor is Ken Fisher’s Fisher Asset Management which owns 2.4 million shares that are worth $939 million.

2. Adobe Inc. (NASDAQ:ADBE)

Latest Value: $158.87 billion

Adobe Inc. (NASDAQ:ADBE) is a software company that digitally serves the needs of different customers such as businesses and content creators.

Insider Monkey dug through 943 hedge fund portfolios for last year’s fourth quarter and found out that 99 had invested in Adobe Inc. (NASDAQ:ADBE). Out of these, Ken Fisher’s Fisher Asset Management is the company’s largest investor as it owns 5 million shares that are worth $1.7 billion.

1. Salesforce, Inc. (NYSE:CRM)

Latest Value: $183.80 billion

Salesforce, Inc. (NYSE:CRM) provides a customer relationship platform allowing companies to run marketing campaigns and generate analytics.

By the end of 2022’s December quarter, 117 of the 943 hedge funds polled by Insider Monkey had bought a stake in the company. Salesforce, Inc. (NYSE:CRM)’s largest investor is Ken Fisher’s Fisher Asset Management which owns 13.8 million shares that are worth $1.8 billion.

Disclosure: None. You can also take a look at 25 Strongest Countries in Europe by Military Power and 10 Best Stocks to Buy for Good Returns.

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