1 SAP SE SAP $250.65B $215.11 −0.88% $1.92 DE 2 Salesforce, Inc. CRM $212.31B $259.23 −1.97% $5.20 US 3 Shopify Inc. SHOP $188.28B $145.09 −0.54% $0.79 CA 4 Uber Technologies, Inc. UBER $154.22B $75.76 −0.26% $0.20 US 5 ServiceNow, Inc. NOW $146.04B $141.26 −2.97% $4.33 US 6 Snowflake Inc. SNOW $116.87B $337.18 −5.41% $19.29 US 7 Automatic Data Processing, Inc. ADP $110.97B $277.62 −2.08% $5.91 US 8 AppLovin Corporation APP $107.69B $320.56 +2.23% $6.98 US 9 Adobe Inc. ADBE $105.94B $266.51 −6.73% $19.24 US 10 Intuit Inc. INTU $91.01B $332.70 −3.37% $11.60 US 11 Cadence Design Systems, Inc. CDNS $80.61B $292.70 −3.99% $12.18 US 12 Datadog, Inc. DDOG $75.79B $212.93 −0.85% $1.83 US 13 Workday, Inc. WDAY $51.29B $195.79 −5.38% $11.13 US 14 Atlassian Corporation TEAM $49.80B $189.58 −2.62% $5.10 AU 15 Strategy Inc MSTR $47.24B $142.80 −1.39% $2.02 US 16 Constellation Software Inc. CSU.TO $46.32B $2,185.63 −0.57% $12.59 CA 17 Autodesk, Inc. ADSK $46.01B $217.90 −8.26% $19.62 US 18 Veeva Systems Inc. VEEV $44.69B $275.09 −3.27% $9.29 US 19 Roper Technologies, Inc. ROP $41.10B $407.28 −3.57% $15.07 US 20 Dassault Systèmes SE DSY.PA $31.31B $23.82 −2.43% $0.59 FR 21 Zoom Communications, Inc. ZM $29.71B $101.33 +3.25% $3.19 US 22 Bending Spoons S.p.A. BSP $26.50B $39.58 −5.06% $2.11 IT 23 Hithink RoyalFlush Information Network Co., Ltd. 300033.SZ $24.33B $32.32 −2.29% $0.76 CN 24 LY Corporation 4689.T $22.90B $3.34 −1.81% $0.06 JP 25 Fair Isaac Corporation FICO $20.13B $932.26 −16.68% $186.67 US 26 SS&C Technologies Holdings, Inc. SSNC $19.63B $83.65 −1.16% $0.98 US 27 Unity Software Inc. U $18.19B $41.66 −1.00% $0.42 US 28 Wolters Kluwer N.V. WKL.AS $17.82B $78.90 −1.37% $1.09 NL 29 DiDi Global Inc. DIDIY $16.86B $3.74 +1.91% $0.07 CN 30 Beijing Kingsoft Office Software, Inc. 688111.SS $16.54B $35.69 −1.42% $0.52 CN 31 PTC Inc. PTC $16.29B $141.02 −6.04% $9.06 US 32 Dynatrace, Inc. DT $15.13B $51.90 −1.63% $0.86 US 33 Tyler Technologies, Inc. TYL $14.91B $364.03 −4.02% $15.24 US 34 iFLYTEK CO.,LTD 002230.SZ $14.12B $5.88 −0.15% $0.01 CN 35 Grab Holdings Limited GRAB $13.59B $3.42 +0.00% $0.00 SG 36 OBIC Co.,Ltd. 4684.T $13.52B $31.38 −3.52% $1.15 JP 37 Guidewire Software, Inc. GWRE $13.52B $162.42 −19.93% $40.44 US 38 DocuSign, Inc. DOCU $13.06B $68.41 +3.70% $2.44 US 39 Chime Financial, Inc. Class A Common Stock CHYM $12.86B $33.76 +0.33% $0.11 US 40 HubSpot, Inc. HUBS $12.69B $247.69 −2.91% $7.43 US 41 The Sage Group plc SGE.L $12.52B $13.95 −1.85% $0.26 GB 42 Manhattan Associates, Inc. MANH $12.46B $213.77 −3.86% $8.58 US 43 Figma, Inc. FIG $11.76B $24.12 −4.34% $1.09 US 44 JFrog Ltd. FROG $10.61B $87.60 −3.32% $3.01 US 45 Paycom Software, Inc. PAYC $10.44B $231.67 −3.68% $8.85 US 46 Bentley Systems, Incorporated BSY $9.85B $33.71 −5.28% $1.88 US 47 Elastic N.V. ESTC $9.54B $91.81 −4.49% $4.32 NL 48 Xero Limited XRO.AX $9.52B $54.93 −3.94% $2.26 NZ 49 Full Truck Alliance Co. Ltd. YMM $9.05B $8.65 +0.82% $0.07 CN 50 WiseTech Global Limited WTC.AX $8.79B $26.13 −3.79% $1.03 AU 51 Procore Technologies, Inc. PCOR $8.75B $58.01 −4.26% $2.58 US 52 InterDigital, Inc. IDCC $8.72B $337.94 +0.60% $2.03 US 53 Nemetschek SE NEM.DE $8.55B $74.05 +0.87% $0.64 DE 54 GitLab Inc. GTLB $8.42B $49.83 +1.05% $0.52 US 55 ServiceTitan, Inc. TTAN $8.39B $87.92 −5.56% $5.18 US 56 Paylocity Holding Corporation PCTY $8.15B $152.25 −1.41% $2.18 US 57 Deepzero 2723.HK $8.09B $89.21 −25.82% $31.06 CN 58 Zeta Global Holdings Corp. ZETA $7.84B $31.35 −4.07% $1.33 US 59 Beijing Compass Technology Development Co., Ltd. 300803.SZ $7.72B $12.66 −3.56% $0.47 CN 60 AppFolio Inc. APPF $7.66B $214.28 −4.16% $9.29 US 61 Empyrean Technology Co., Ltd. 301269.SZ $7.58B $13.90 +3.99% $0.53 CN 62 Duolingo, Inc. DUOL $7.20B $154.46 −2.75% $4.36 US 63 SenseTime Group Inc. 0020.HK $7.14B $0.18 −3.11% $0.01 CN 64 Horizon Robotics 9660.HK $7.04B $0.56 +1.03% $0.01 CN 65 Technology One Limited TNE.AX $7.00B $21.38 −3.89% $0.86 AU 66 The Descartes Systems Group Inc. DSGX $6.76B $78.94 −2.24% $1.81 CA 67 Navan, Inc. NAVN $6.64B $27.78 +0.25% $0.07 US 68 Lyft, Inc. LYFT $6.35B $16.72 −3.24% $0.56 US 69 RingCentral, Inc. RNG $6.33B $73.39 −3.88% $2.97 US 70 NICE Ltd. NICE $6.18B $105.50 −2.59% $2.81 IL 71 Pegasystems Inc. PEGA $6.14B $37.36 −0.95% $0.36 US 72 Hundsun Technologies Inc. 600570.SS $6.09B $3.22 −2.00% $0.07 CN 73 Topicus.com Inc. TOITF $6.06B $72.67 −2.35% $1.75 NL 74 Dolby Laboratories, Inc. DLB $5.89B $61.96 +0.06% $0.04 US 75 Webull Corporation Warrants BULLW $5.88B $3.51 −3.84% $0.14 US 76 Temenos AG TEMN.SW $5.87B $87.24 −2.89% $2.59 CH 77 Open Text Corporation OTEX $5.81B $23.95 −3.62% $0.90 CA 78 Momenta Global Ltd. Class A 6880.HK $5.78B $24.53 −2.14% $0.54 CN 79 Commvault Systems, Inc. CVLT $5.65B $136.41 −0.52% $0.71 US 80 Klaviyo, Inc. KVYO $5.57B $18.61 −5.82% $1.15 US 81 Shanghai Baosight Software Co.,Ltd. 600845.SS $5.48B $2.57 −1.03% $0.03 CN 82 Bullish BLSH $5.46B $36.00 −0.61% $0.22 KY 83 NIQ Global Intelligence Plc NIQ $5.43B $18.39 −2.28% $0.43 US 84 Shanghai Stonehill Technology Co., Ltd. 002195.SZ $5.33B $0.94 −0.94% $0.01 CN 85 Octave Intelligence plc OCTV $5.26B $19.59 −1.95% $0.39 US 86 Webull Corporation Class A Ordinary Shares BULL $5.18B $9.74 −2.60% $0.26 US 87 Dave Inc. DAVE $5.12B $380.69 −2.60% $10.17 US 88 Yonyou Network Technology Co.,Ltd. 600588.SS $5.10B $1.49 −1.67% $0.03 CN 89 Asseco Poland S.A. ACP.WA $5.05B $62.73 −1.10% $0.70 PL 90 Bill.com Holdings, Inc. BILL $4.90B $49.16 −3.34% $1.70 US 91 Talkweb Information System Co.,Ltd. 002261.SZ $4.86B $3.86 +1.57% $0.06 CN 92 China National Software & Service Company Limited 600536.SS $4.67B $5.00 +0.24% $0.01 CN 93 Shenzhen Fortune Trend Technology Co., Ltd. 688318.SS $4.59B $12.81 −3.23% $0.43 CN 94 Clear Secure, Inc. YOU $4.46B $44.33 −0.58% $0.26 US 95 CCC Intelligent Solutions Holdings Inc. CCC $4.42B $7.51 +4.02% $0.29 US 96 Kingsoft Corporation Limited 3888.HK $4.32B $3.19 −2.34% $0.08 HK 97 Lumine Group Inc. LMN.V $4.28B $16.67 −2.04% $0.35 CA 98 Jiangsu Hoperun Software Co., Ltd. 300339.SZ $4.19B $5.26 +0.23% $0.01 CN 99 Workiva Inc. WK $4.17B $76.55 −2.60% $2.04 US 100 Youzan Technology Ltd. CHNVF $4.14B $0.13 +0.00% $0.00 HK 101 Thunder Software Technology Co.,Ltd. 300496.SZ $4.08B $8.85 +0.58% $0.05 CN 102 Wix.com Ltd. WIX $4.00B $76.21 −6.15% $4.99 IL 103 OBIC Business Consultants Co., Ltd. 4733.T $3.97B $52.87 −3.39% $1.86 JP 104 Totvs S.a. TOTS3.SA $3.91B $6.74 −0.92% $0.06 BR 105 Q2 Holdings, Inc. QTWO $3.87B $62.13 −3.04% $1.95 US 106 monday.com Ltd. MNDY $3.85B $91.07 −6.43% $6.26 IL 107 Sportradar Group AG SRAD $3.82B $12.90 −1.60% $0.21 CH 108 Kingdee International Software Group Company Limited 0268.HK $3.73B $1.07 −5.85% $0.07 CN 109 Geovis Technology Co.,Ltd 688568.SS $3.70B $4.57 −1.92% $0.09 CN 110 Braze, Inc. BRZE $3.60B $31.96 −3.88% $1.29 US 111 Life360, Inc. LIF $3.58B $44.17 +0.66% $0.29 US 112 Freshworks Inc. FRSH $3.52B $12.73 −4.72% $0.63 US 113 Kinaxis Inc. KXS.TO $3.50B $128.05 +0.02% $0.02 CA 114 NCR Atleos Corporation NATL $3.40B $46.09 +1.03% $0.47 US 115 Perfect World Co., Ltd. 002624.SZ $3.32B $1.71 +2.87% $0.05 CN 116 DHC Software Co.,Ltd. 002065.SZ $3.31B $1.03 −0.72% $0.01 CN 117 Shijiazhuang ChangShan BeiMing Technology Co.,Ltd 000158.SZ $3.30B $2.06 +1.69% $0.03 CN 118 Beijing Shiji Information Technology Co., Ltd. 002153.SZ $3.25B $1.19 −0.75% $0.01 CN 119 Kingsoft Cloud Holdings Limited KC $3.24B $10.94 +4.39% $0.46 CN 120 Beijing 51WORLD Digital Twin Technology Co., Ltd. 6651.HK $3.23B $8.07 +1.85% $0.15 CN 121 Fastly, Inc. FSLY $3.22B $20.59 −2.51% $0.53 US 122 Intapp, Inc. INTA $3.21B $41.71 −3.25% $1.40 US 123 Newland Digital Technology Co.,Ltd. 000997.SZ $3.18B $3.14 −2.45% $0.08 CN 124 Agilysys, Inc. AGYS $3.14B $111.36 −2.44% $2.79 US 125 PT GoTo Gojek Tokopedia Tbk GOTO.JK $3.02B $0.00 +0.00% $0.00 ID 126 Pony AI Inc. Class A 2026.HK $2.99B $6.90 −6.32% $0.47 CN 127 SPS Commerce, Inc. SPSC $2.99B $83.00 −1.44% $1.21 US 128 SoundHound AI, Inc. SOUN $2.94B $6.74 +0.00% $0.00 US 129 Adeia Inc. ADEA $2.92B $26.50 +4.08% $1.04 US 130 Bitdeer Technologies Group BTDR $2.89B $12.38 +3.95% $0.47 SG 131 Beijing Haizhi Technology Group Co., Ltd. 2706.HK $2.85B $7.12 −1.50% $0.11 CN 132 Alarm.com Holdings, Inc. ALRM $2.79B $56.48 −0.44% $0.25 US 133 Shanghai Able Digital Science&Tech Co., Ltd. 2687.HK $2.77B $44.69 −4.05% $1.89 CN 134 Urban Company Limited URBANCO.NS $2.72B $1.86 −2.78% $0.05 IN 135 Hanshow Technology Co Ltd 301275.SZ $2.72B $6.44 +1.98% $0.13 CN 136 Grindr Inc. GRND $2.71B $15.25 −2.62% $0.41 US 137 Servyou Software Group Co., Ltd. 603171.SS $2.65B $6.51 −2.50% $0.17 CN 138 BitVentures Limited BVC $2.61B $15.52 +2.17% $0.33 HK 139 PATEO CONNECT Technology (Shanghai) Corporation 2889.HK $2.55B $17.92 −3.37% $0.62 CN 140 Five9, Inc. FIVN $2.55B $33.27 −2.43% $0.83 US 141 nCino, Inc. NCNO $2.53B $23.12 −2.16% $0.51 US 142 Meitu, Inc. MEIUF $2.43B $0.54 +0.00% $0.00 — CN 143 ePlus inc. PLUS $2.40B $92.10 +1.35% $1.23 US 144 VusionGroup VU.PA $2.40B $143.92 +0.24% $0.35 FR 145 Diebold Nixdorf, Incorporated DBD $2.33B $68.67 +0.70% $0.48 US 146 Vertex, Inc. VERX $2.23B $13.77 −0.07% $0.01 US 147 SeeWay.ai Co., Ltd. 002405.SZ $2.21B $0.93 −0.95% $0.01 CN 148 Money Forward, Inc. 3994.T $2.21B $39.82 −7.29% $3.13 JP 149 Marketingforce Management Ltd 2556.HK $2.18B $8.15 −5.47% $0.47 CN 150 Glodon Company Limited 002410.SZ $2.17B $1.31 −0.56% $0.01 CN