Index Performance
-1.69%
SAAS
+7.79%
QQQ
+11.02%
SKYY
Overview
Description
$SAAS is an equal-weighted index that tracks all companies listed as participants of Sapphire Broad Software Index as of July 2024. The index is rebalanced quarterly on the 3rd Friday of March, June, September and December. For the full list, check out Sapphire's research at https://info.sapphireventures.com/2024-mid-year-review-the-state-of-the-saas-capital-markets-report. Note that RBRK has not yet been added to the index and will be added next quarter. This list is maintained by Brad van Leeuwen, co-founder of Cledara. To learn more about Cledara, please visit https://www.cledara.com. To contact Brad, email brad at cledara dot com
- TickerSAAS
- Inception Date08/06/2024
- WeightingCustom
- # of holdings110
What's inside?
Holdings
All holdings as of December 12, 2025
CSV download
| SEMrush Holdings, Inc. (SEMR) | 1.55% | $1.77B | 15.05% | 80.17% | 1.87 |
| Confluent, Inc. (CFLT) | 1.44% | $10.61B | 19.31% | 74.11% | 5.36 |
| UiPath, Inc. (PATH) | 1.40% | $9.32B | 15.92% | 83.00% | 4.66 |
| JFrog Ltd. (FROG) | 1.33% | $8.16B | 25.54% | 77.07% | 9.77 |
| CS Disco, Inc. (LAW) | 1.30% | $541.80M | 12.83% | 75.54% | 1.93 |
| DigitalOcean Holdings, Inc. (DOCN) | 1.25% | $4.36B | 15.69% | 59.63% | 5.77 |
| MongoDB, Inc. (MDB) | 1.25% | $34.10B | 18.69% | 70.88% | 11.67 |
| Viant Technology, Inc. (DSP) | 1.24% | $729.22M | 7.08% | 45.33% | 2.03 |
| Twilio, Inc. (TWLO) | 1.20% | $20.15B | 14.71% | 47.73% | 2.98 |
| Clearwater Analytics Holdings, Inc. (CWAN) | 1.15% | $6.38B | 77.08% | 65.56% | 9.41 |
| Integral Ad Science Holding Corp. (IAS) | 1.15% | $1.72B | 15.60% | 65.37% | 2.75 |
| Jamf Holding Corp. (JAMF) | 1.13% | $1.74B | 15.20% | 70.66% | 2.41 |
| Fastly, Inc. (FSLY) | 1.12% | $1.51B | 15.32% | 55.26% | 2.25 |
| Appian Corp. (APPN) | 1.11% | $2.79B | 21.39% | 73.95% | 3.47 |
| Qualys, Inc. (QLYS) | 1.08% | $5.47B | 10.17% | 83.69% | 6.80 |
| Flywire Corp. (FLYW) | 1.08% | $1.80B | 27.63% | 60.29% | 2.35 |
| BlackLine, Inc. (BL) | 1.06% | $3.49B | 7.46% | 75.10% | 5.11 |
| LiveRamp Holdings, Inc. (RAMP) | 1.05% | $1.92B | 7.73% | 70.18% | 1.85 |
| Workiva, Inc. (WK) | 1.05% | $4.90B | 20.77% | 79.31% | 5.85 |
| Shopify, Inc. (SHOP) | 1.03% | $213.96B | 31.54% | 48.70% | 17.75 |
| Progress Software Corp. (PRGS) | 1.03% | $1.92B | 39.80% | 70.40% | 3.59 |
| Zoom Communications, Inc. (ZM) | 1.02% | $26.51B | 4.44% | 77.90% | 3.89 |
| Salesforce, Inc. (CRM) | 1.02% | $245.71B | 8.63% | 70.44% | 6.16 |
| PubMatic, Inc. (PUBM) | 1.01% | $420.05M | -5.33% | 62.62% | 1.00 |
| Datadog, Inc. (DDOG) | 1.01% | $51.20B | 28.35% | 80.04% | 15.16 |
| Procore Technologies, Inc. (PCOR) | 1.00% | $11.57B | 14.52% | 78.52% | 8.11 |
| Bill Holdings, Inc. (BILL) | 1.00% | $5.46B | 10.40% | 77.36% | 3.26 |
| Braze, Inc. (BRZE) | 1.00% | $3.72B | 25.51% | 67.18% | 4.02 |
| 8x8, Inc. (EGHT) | 1.00% | $303.62M | 1.71% | 64.83% | 0.84 |
| Applovin Corp. (APP) | 1.00% | $226.66B | 17.26% | 86.57% | 44.71 |
| Samsara, Inc. (IOT) | 1.00% | $23.88B | 29.19% | 76.69% | 15.02 |
| Sprinklr, Inc. (CXM) | 0.99% | $1.98B | 9.16% | 66.41% | 1.80 |
| Riskified Ltd. (RSKD) | 0.99% | $756.65M | 3.82% | 49.45% | 1.28 |
| ON24, Inc. (ONTF) | 0.99% | $250.73M | -4.74% | 74.55% | 0.50 |
| EverCommerce, Inc. (EVCM) | 0.99% | $2.17B | -16.34% | 65.93% | 4.04 |
| Freshworks, Inc. (FRSH) | 0.98% | $3.71B | 15.30% | 83.69% | 3.20 |
| Asana, Inc. (ASAN) | 0.97% | $3.40B | 9.33% | 88.90% | 4.05 |
| Palantir Technologies, Inc. (PLTR) | 0.97% | $437.53B | 62.79% | 82.45% | 118.81 |
| CrowdStrike Holdings, Inc. (CRWD) | 0.97% | $127.25B | 22.18% | 74.96% | 29.03 |
| Pegasystems, Inc. (PEGA) | 0.96% | $10.12B | 17.32% | 71.89% | 5.95 |
| RingCentral, Inc. (RNG) | 0.96% | $2.66B | 4.91% | 71.83% | 1.59 |
| Adobe, Inc. (ADBE) | 0.94% | $149.20B | 10.43% | 89.27% | 5.75 |
| Q2 Holdings, Inc. (QTWO) | 0.93% | $4.71B | 15.25% | 53.96% | 6.53 |
| Intapp, Inc. (INTA) | 0.93% | $3.52B | 17.02% | 73.85% | 5.91 |
| Okta, Inc. (OKTA) | 0.93% | $15.98B | 11.58% | 77.09% | 5.03 |
| Lightspeed Commerce, Inc. (LSPD) | 0.93% | $1.65B | 16.20% | 30.57% | 0.98 |
| Kaltura, Inc. (KLTR) | 0.93% | $251.70M | -0.97% | 69.73% | 1.08 |
| Atlassian Corp. (TEAM) | 0.92% | $42.79B | 20.61% | 83.96% | 7.41 |
| Workday, Inc. (WDAY) | 0.92% | $59.04B | 12.82% | 75.67% | 6.67 |
| Dynatrace, Inc. (DT) | 0.92% | $13.88B | 18.11% | 81.82% | 7.30 |
| Blackbaud, Inc. (BLKB) | 0.91% | $3.01B | -1.98% | 59.35% | 3.29 |
| Yext, Inc. (YEXT) | 0.91% | $1.02B | -1.75% | 74.90% | 2.52 |
| Snowflake, Inc. (SNOW) | 0.91% | $74.58B | 28.75% | 66.70% | 21.13 |
| CyberArk Software Ltd. (CYBR) | 0.91% | $23.36B | 42.79% | 74.25% | 18.51 |
| Amplitude, Inc. (AMPL) | 0.90% | $1.49B | 17.74% | 73.84% | 3.76 |
| Box, Inc. (BOX) | 0.90% | $4.32B | 9.13% | 79.55% | 4.59 |
| N-able, Inc. (NABL) | 0.90% | $1.42B | 13.11% | 77.19% | 3.49 |
| Paymentus Holdings, Inc. (PAY) | 0.89% | $4.01B | 34.19% | 22.78% | 3.27 |
| Weave Communications, Inc. (WEAV) | 0.89% | $546.96M | 17.10% | 72.05% | 2.13 |
| Dropbox, Inc. (DBX) | 0.89% | $7.09B | -0.69% | 79.78% | 4.09 |
| LegalZoom.com, Inc. (LZ) | 0.89% | $1.79B | 12.79% | 64.08% | 2.36 |
| Paylocity Holding Corp. (PCTY) | 0.89% | $8.21B | 12.46% | 67.38% | 5.41 |
| Palo Alto Networks, Inc. (PANW) | 0.89% | $133.61B | 15.67% | 74.21% | 15.93 |
| SAP SE (SAP) | 0.88% | $284.97B | 7.15% | 73.77% | 7.35 |
| ServiceNow, Inc. (NOW) | 0.87% | $179.48B | 21.81% | 77.28% | 14.98 |
| Open Text Corp. (OTEX) | 0.87% | $8.37B | 2.50% | 63.82% | 2.88 |
| Cloudflare, Inc. (NET) | 0.86% | $70.91B | 30.68% | 73.97% | 36.96 |
| Alkami Technology, Inc. (ALKT) | 0.85% | $2.34B | 31.49% | 55.28% | 6.98 |
| Bandwidth, Inc. (BAND) | 0.84% | $466.06M | -1.03% | 35.10% | 1.20 |
| Tenable Holdings, Inc. (TENB) | 0.84% | $3.14B | 11.16% | 77.52% | 3.68 |
| Zeta Global Holdings Corp. (ZETA) | 0.84% | $4.47B | 25.67% | 55.39% | 3.46 |
| nCino, Inc. (NCNO) | 0.83% | $2.92B | 9.63% | 58.27% | 5.60 |
| DoubleVerify Holdings, Inc. (DV) | 0.83% | $1.76B | 11.24% | 74.20% | 2.59 |
| Toast, Inc. (TOST) | 0.83% | $20.74B | 25.13% | 26.45% | 3.48 |
| Commerce.com, Inc. (BIGC) | 0.83% | $351.06M | 2.77% | 76.18% | 1.25 |
| Elastic NV (ESTC) | 0.82% | $8.04B | 15.91% | 75.91% | 5.41 |
| Klaviyo, Inc. (KVYO) | 0.82% | $9.01B | 32.24% | 75.51% | 6.47 |
| C3.ai, Inc. (AI) | 0.82% | $2.15B | -20.34% | 40.43% | 5.01 |
| Tyler Technologies, Inc. (TYL) | 0.82% | $19.61B | 9.67% | 44.85% | 9.84 |
| VTEX (Cayman Islands) (VTEX) | 0.82% | $680.54M | 6.45% | 75.87% | 2.60 |
| DocuSign, Inc. (DOCU) | 0.81% | $14.24B | 8.42% | 78.75% | 4.59 |
| ZoomInfo Technologies, Inc. (ZI) | 0.81% | $3.10B | 4.74% | 82.26% | 3.94 |
| Expensify, Inc. (EXFY) | 0.80% | $149.79M | -0.97% | 48.62% | 0.68 |
| AppFolio, Inc. (APPF) | 0.80% | $8.31B | 21.20% | 61.13% | 10.85 |
| Rapid7, Inc. (RPD) | 0.78% | $1.07B | 1.54% | 69.27% | 2.08 |
| SPS Commerce, Inc. (SPSC) | 0.78% | $3.25B | 16.02% | 64.50% | 5.25 |
| Five9, Inc. (FIVN) | 0.77% | $1.65B | 8.20% | 54.19% | 1.98 |
| Veeva Systems, Inc. (VEEV) | 0.77% | $36.70B | 16.02% | 75.09% | 13.85 |
| Zscaler, Inc. (ZS) | 0.77% | $37.68B | 25.50% | 76.25% | 18.01 |
| PagerDuty, Inc. (PD) | 0.77% | $1.19B | 4.71% | 85.50% | 2.86 |
| Blend Labs, Inc. (BLND) | 0.76% | $813.01M | -27.28% | 74.42% | 7.96 |
| SentinelOne, Inc. (S) | 0.76% | $5.13B | 22.91% | 73.79% | 5.54 |
| Gitlab, Inc. (GTLB) | 0.76% | $6.65B | 24.64% | 86.81% | 7.73 |
| Sprout Social, Inc. (SPT) | 0.75% | $653.67M | 12.62% | 77.69% | 1.64 |
| SimilarWeb Ltd. (SMWB) | 0.75% | $645.38M | 10.94% | 79.01% | 2.76 |
| Paycom Software, Inc. (PAYC) | 0.74% | $9.37B | 9.15% | 74.15% | 5.72 |
| Bentley Systems, Inc. (BSY) | 0.74% | $12.32B | 12.05% | 78.61% | 12.52 |
| Axon Enterprise, Inc. (AXON) | 0.71% | $44.53B | 30.57% | 60.14% | 21.86 |
| HubSpot, Inc. (HUBS) | 0.70% | $19.69B | 20.85% | 83.50% | 7.84 |
| monday.com Ltd. (MNDY) | 0.69% | $7.97B | 26.24% | 88.71% | 7.46 |
| TeamViewer SE (TMV) | 0.65% | $1.04B | 12.33% | 86.75% | 3.20 |
| Upland Software, Inc. (UPLD) | 0.63% | $47.09M | -24.24% | 64.31% | 1.74 |
| Nutanix, Inc. (NTNX) | 0.60% | $12.87B | 13.47% | 86.94% | 7.85 |
| Oracle Corp. (ORCL) | 0.60% | $545.81B | 14.22% | 64.00% | 11.51 |
| Doximity, Inc. (DOCS) | 0.58% | $8.26B | 23.16% | 90.25% | 22.24 |
| Varonis Systems, Inc. (VRNS) | 0.56% | $3.98B | 9.12% | 78.25% | 10.55 |
| Wix.com Ltd. (WIX) | 0.55% | $5.57B | 13.61% | 68.34% | 5.11 |
| LivePerson, Inc. (LPSN) | 0.51% | $60.00M | -18.98% | 62.01% | 1.40 |
| Domo, Inc. (DOMO) | 0.49% | $377.86M | -0.45% | 74.05% | 2.08 |
| Backblaze, Inc. (BLZE) | 0.47% | $276.96M | 14.03% | 62.08% | 3.83 |
Market data by FactSet