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 4, 2025
CSV download
| SEMrush Holdings, Inc. (SEMR) | 1.57% | $1.77B | 15.05% | 80.17% | 1.87 |
| UiPath, Inc. (PATH) | 1.50% | $7.89B | 15.92% | 83.55% | 4.65 |
| Fastly, Inc. (FSLY) | 1.30% | $1.75B | 15.32% | 55.26% | 2.25 |
| DigitalOcean Holdings, Inc. (DOCN) | 1.23% | $4.20B | 15.69% | 59.63% | 5.77 |
| JFrog Ltd. (FROG) | 1.21% | $7.40B | 25.54% | 77.07% | 9.77 |
| Viant Technology, Inc. (DSP) | 1.20% | $704.25M | 7.08% | 45.33% | 2.03 |
| MongoDB, Inc. (MDB) | 1.19% | $33.04B | 18.69% | 70.88% | 11.67 |
| Appian Corp. (APPN) | 1.17% | $2.91B | 21.39% | 73.95% | 3.47 |
| Integral Ad Science Holding Corp. (IAS) | 1.16% | $1.72B | 15.60% | 65.37% | 2.75 |
| Clearwater Analytics Holdings, Inc. (CWAN) | 1.16% | $6.23B | 77.08% | 65.56% | 9.41 |
| Twilio, Inc. (TWLO) | 1.14% | $19.42B | 14.71% | 47.73% | 2.98 |
| Jamf Holding Corp. (JAMF) | 1.13% | $1.73B | 15.20% | 70.66% | 2.41 |
| Confluent, Inc. (CFLT) | 1.13% | $8.27B | 19.31% | 74.11% | 5.36 |
| Workiva, Inc. (WK) | 1.12% | $5.17B | 20.77% | 79.31% | 5.85 |
| CS Disco, Inc. (LAW) | 1.11% | $458.69M | 12.83% | 75.54% | 1.93 |
| Qualys, Inc. (QLYS) | 1.07% | $5.35B | 10.17% | 83.69% | 6.80 |
| Datadog, Inc. (DDOG) | 1.07% | $54.65B | 28.35% | 80.04% | 15.16 |
| BlackLine, Inc. (BL) | 1.06% | $3.49B | 7.46% | 75.10% | 5.11 |
| Procore Technologies, Inc. (PCOR) | 1.05% | $11.80B | 14.52% | 78.52% | 8.11 |
| Paymentus Holdings, Inc. (PAY) | 1.03% | $4.37B | 34.19% | 22.78% | 3.27 |
| Shopify, Inc. (SHOP) | 1.03% | $207.97B | 31.54% | 48.70% | 17.75 |
| Applovin Corp. (APP) | 1.03% | $223.80B | 17.26% | 86.57% | 44.71 |
| PubMatic, Inc. (PUBM) | 1.03% | $418.20M | -5.33% | 62.62% | 1.00 |
| Flywire Corp. (FLYW) | 1.02% | $1.70B | 27.63% | 60.29% | 2.35 |
| LiveRamp Holdings, Inc. (RAMP) | 1.01% | $1.86B | 7.73% | 70.18% | 1.85 |
| Progress Software Corp. (PRGS) | 1.00% | $1.86B | 39.80% | 70.40% | 3.59 |
| Zoom Communications, Inc. (ZM) | 1.00% | $25.36B | 4.44% | 77.90% | 3.89 |
| CrowdStrike Holdings, Inc. (CRWD) | 0.99% | $131.54B | 22.18% | 74.96% | 29.03 |
| Samsara, Inc. (IOT) | 0.99% | $22.38B | 30.41% | 76.88% | 13.99 |
| Snowflake, Inc. (SNOW) | 0.99% | $89.78B | 28.75% | 66.29% | 21.13 |
| Sprinklr, Inc. (CXM) | 0.99% | $1.90B | 9.16% | 66.41% | 1.80 |
| ON24, Inc. (ONTF) | 0.99% | $249.89M | -4.74% | 74.55% | 0.50 |
| Riskified Ltd. (RSKD) | 0.98% | $749.58M | 3.82% | 49.45% | 1.28 |
| Yext, Inc. (YEXT) | 0.98% | $1.09B | 15.54% | 75.19% | 2.34 |
| Bill Holdings, Inc. (BILL) | 0.98% | $5.18B | 10.40% | 77.36% | 3.26 |
| Salesforce, Inc. (CRM) | 0.98% | $227.26B | 8.63% | 75.78% | 6.14 |
| Asana, Inc. (ASAN) | 0.97% | $3.42B | 9.33% | 88.90% | 4.05 |
| Intapp, Inc. (INTA) | 0.97% | $3.70B | 17.02% | 73.85% | 5.91 |
| Box, Inc. (BOX) | 0.96% | $4.66B | 9.13% | 79.55% | 4.59 |
| Freshworks, Inc. (FRSH) | 0.95% | $3.51B | 15.30% | 83.69% | 3.20 |
| Palantir Technologies, Inc. (PLTR) | 0.95% | $419.68B | 62.79% | 82.45% | 118.81 |
| Dropbox, Inc. (DBX) | 0.95% | $7.50B | -0.69% | 79.78% | 4.09 |
| Kaltura, Inc. (KLTR) | 0.93% | $248.57M | -0.97% | 69.73% | 1.08 |
| CyberArk Software Ltd. (CYBR) | 0.93% | $23.55B | 42.79% | 74.25% | 18.51 |
| 8x8, Inc. (EGHT) | 0.93% | $282.83M | 1.71% | 64.83% | 0.84 |
| Pegasystems, Inc. (PEGA) | 0.93% | $9.29B | 17.32% | 71.89% | 5.95 |
| Blackbaud, Inc. (BLKB) | 0.92% | $2.95B | -1.98% | 59.35% | 3.29 |
| RingCentral, Inc. (RNG) | 0.91% | $2.53B | 4.91% | 71.83% | 1.59 |
| Palo Alto Networks, Inc. (PANW) | 0.91% | $134.96B | 15.67% | 74.21% | 15.93 |
| Commerce.com, Inc. (BIGC) | 0.91% | $373.81M | 2.77% | 76.18% | 1.25 |
| Braze, Inc. (BRZE) | 0.91% | $3.27B | 23.79% | 67.67% | 4.12 |
| Q2 Holdings, Inc. (QTWO) | 0.91% | $4.58B | 15.25% | 53.96% | 6.53 |
| Atlassian Corp. (TEAM) | 0.90% | $41.40B | 20.61% | 83.96% | 7.41 |
| Workday, Inc. (WDAY) | 0.90% | $56.50B | 12.82% | 75.67% | 6.67 |
| Okta, Inc. (OKTA) | 0.90% | $15.22B | 11.58% | 77.09% | 5.03 |
| SAP SE (SAP) | 0.90% | $281.36B | 7.15% | 73.77% | 7.35 |
| Dynatrace, Inc. (DT) | 0.89% | $13.40B | 18.11% | 81.82% | 7.30 |
| Amplitude, Inc. (AMPL) | 0.89% | $1.41B | 17.74% | 73.84% | 3.76 |
| Open Text Corp. (OTEX) | 0.89% | $8.42B | 2.50% | 63.82% | 2.88 |
| Cloudflare, Inc. (NET) | 0.88% | $71.58B | 30.68% | 73.97% | 36.96 |
| Lightspeed Commerce, Inc. (LSPD) | 0.88% | $1.54B | 16.20% | 30.57% | 0.98 |
| N-able, Inc. (NABL) | 0.88% | $1.39B | 13.11% | 77.19% | 3.49 |
| Adobe, Inc. (ADBE) | 0.88% | $136.79B | 10.72% | 88.63% | 6.56 |
| Paylocity Holding Corp. (PCTY) | 0.87% | $7.93B | 12.46% | 67.38% | 5.41 |
| SentinelOne, Inc. (S) | 0.87% | $5.66B | 21.74% | 75.03% | 5.81 |
| VTEX (Cayman Islands) (VTEX) | 0.86% | $750.89M | 6.45% | 75.87% | 2.60 |
| Tenable Holdings, Inc. (TENB) | 0.86% | $3.20B | 11.16% | 77.52% | 3.68 |
| Tyler Technologies, Inc. (TYL) | 0.85% | $19.87B | 9.67% | 44.85% | 9.84 |
| ServiceNow, Inc. (NOW) | 0.85% | $172.81B | 21.81% | 77.28% | 14.98 |
| Veeva Systems, Inc. (VEEV) | 0.85% | $39.67B | 16.02% | 75.09% | 13.85 |
| Zeta Global Holdings Corp. (ZETA) | 0.84% | $4.43B | 25.67% | 55.39% | 3.46 |
| LegalZoom.com, Inc. (LZ) | 0.84% | $1.68B | 12.79% | 64.08% | 2.36 |
| Klaviyo, Inc. (KVYO) | 0.84% | $9.05B | 32.24% | 75.51% | 6.47 |
| Toast, Inc. (TOST) | 0.84% | $20.68B | 25.13% | 26.45% | 3.48 |
| C3.ai, Inc. (AI) | 0.83% | $2.07B | -20.34% | 40.43% | N/A |
| DoubleVerify Holdings, Inc. (DV) | 0.83% | $1.74B | 11.24% | 74.20% | 2.59 |
| DocuSign, Inc. (DOCU) | 0.82% | $14.20B | 8.78% | 78.91% | 4.92 |
| Alkami Technology, Inc. (ALKT) | 0.82% | $2.22B | 31.49% | 55.28% | 6.98 |
| AppFolio, Inc. (APPF) | 0.82% | $8.49B | 21.20% | 61.13% | 10.85 |
| Bandwidth, Inc. (BAND) | 0.82% | $449.58M | -1.03% | 35.10% | 1.20 |
| ZoomInfo Technologies, Inc. (ZI) | 0.82% | $3.14B | 4.74% | 82.26% | 3.94 |
| Weave Communications, Inc. (WEAV) | 0.82% | $502.49M | 17.10% | 72.05% | 2.13 |
| Expensify, Inc. (EXFY) | 0.81% | $150.72M | -0.97% | 48.62% | 0.68 |
| Blend Labs, Inc. (BLND) | 0.81% | $805.22M | -27.28% | 74.42% | 7.96 |
| Elastic NV (ESTC) | 0.81% | $7.91B | 15.91% | 75.91% | 5.41 |
| nCino, Inc. (NCNO) | 0.80% | $2.96B | 9.63% | 58.27% | N/A |
| EverCommerce, Inc. (EVCM) | 0.80% | $1.67B | -16.34% | 65.93% | 4.04 |
| Zscaler, Inc. (ZS) | 0.80% | $38.86B | 25.50% | 76.25% | 18.01 |
| Bentley Systems, Inc. (BSY) | 0.79% | $12.94B | 12.05% | 78.61% | 12.52 |
| SimilarWeb Ltd. (SMWB) | 0.78% | $652.70M | 10.94% | 79.01% | 2.76 |
| Rapid7, Inc. (RPD) | 0.78% | $1.05B | 1.54% | 69.27% | 2.08 |
| Five9, Inc. (FIVN) | 0.77% | $1.60B | 8.20% | 54.19% | 1.98 |
| SPS Commerce, Inc. (SPSC) | 0.76% | $3.15B | 16.02% | 64.50% | 5.25 |
| Paycom Software, Inc. (PAYC) | 0.75% | $9.26B | 9.15% | 74.15% | 5.72 |
| Gitlab, Inc. (GTLB) | 0.73% | $6.30B | 24.64% | 86.81% | 7.73 |
| Sprout Social, Inc. (SPT) | 0.72% | $615.78M | 12.62% | 77.69% | 1.64 |
| PagerDuty, Inc. (PD) | 0.72% | $1.11B | 4.71% | 85.50% | 2.86 |
| HubSpot, Inc. (HUBS) | 0.71% | $19.64B | 20.85% | 83.50% | 7.84 |
| Axon Enterprise, Inc. (AXON) | 0.70% | $42.89B | 30.57% | 60.14% | 21.86 |
| monday.com Ltd. (MNDY) | 0.69% | $7.74B | 26.24% | 88.71% | 7.46 |
| Doximity, Inc. (DOCS) | 0.69% | $9.70B | 23.16% | 90.25% | 22.24 |
| Oracle Corp. (ORCL) | 0.68% | $592.20B | 12.17% | 64.46% | 12.86 |
| Upland Software, Inc. (UPLD) | 0.67% | $51.43M | -24.24% | 64.31% | 1.74 |
| TeamViewer SE (TMV) | 0.64% | $1.01B | 12.33% | 86.75% | 3.20 |
| Domo, Inc. (DOMO) | 0.63% | $482.82M | 1.67% | 69.00% | 2.40 |
| Nutanix, Inc. (NTNX) | 0.60% | $12.85B | 13.47% | 86.91% | 7.85 |
| Wix.com Ltd. (WIX) | 0.56% | $5.72B | 13.61% | 68.34% | 5.11 |
| Varonis Systems, Inc. (VRNS) | 0.52% | $3.72B | 9.12% | 78.25% | 10.55 |
| LivePerson, Inc. (LPSN) | 0.52% | $58.81M | -18.98% | 62.01% | 1.40 |
| Backblaze, Inc. (BLZE) | 0.48% | $272.92M | 14.03% | 62.08% | 3.83 |
Market data by FactSet