RGM Capital, LLC Long-Term Concentrated

CIK: 0001323953 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 17, 2026

Total Value ($000): $2,059,751 (100.0% shares, 0.0% debt)

Holdings (17)

Increased Positions (8)

VRNS VARONIS SYS INC 5.0%

Value ($000) $103,651 (-33.2%) Shares 3,160,093 (+17.1%) Est. Cost $34.91 Unrealized +20.2%

NOW SERVICENOW INC 8.1%

Value ($000) $167,865 (+16.1%) Shares 1,095,795 (+597.5%) Est. Cost $164.93 Unrealized +4.0%

VEEV VEEVA SYS INC 6.0%

Value ($000) $124,244 (-11.2%) Shares 556,572 (+18.5%) Est. Cost $231.20 Unrealized +14.8%

TYL TYLER TECHNOLOGIES INC 6.7%

Value ($000) $138,474 (-8.7%) Shares 305,043 (+5.2%) Est. Cost $345.53 Unrealized +37.9%

ESTC ELASTIC N V 6.3%

Value ($000) $129,008 (-8.6%) Shares 1,710,069 (+2.4%) Est. Cost $92.16 Unrealized -11.5%

MANH MANHATTAN ASSOCIATES INC 3.2%

Value ($000) $66,630 (-5.4%) Shares 384,456 (+11.9%) Est. Cost $140.96 Unrealized +29.7%

— CYBERARK SOFTWARE LTD 5.6%

Value ($000) $114,603 (-1.5%) Shares 256,922 (+6.7%) Est. Cost $118.96 Unrealized —

BOX BOX INC 4.8%

Value ($000) $99,605 (+0.3%) Shares 3,330,168 (+8.2%) Est. Cost $23.93 Unrealized +31.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VRNS	VARONIS SYS INC	3,160,093 (+17.1%)	$103,651 (-33.2%)	5.0%	$34.91	+20.2%	COM	922280102
NOW	SERVICENOW INC	1,095,795 (+597.5%)	$167,865 (+16.1%)	8.1%	$164.93	+4.0%	COM	81762P102
VEEV	VEEVA SYS INC	556,572 (+18.5%)	$124,244 (-11.2%)	6.0%	$231.20	+14.8%	CL A COM	922475108
TYL	TYLER TECHNOLOGIES INC	305,043 (+5.2%)	$138,474 (-8.7%)	6.7%	$345.53	+37.9%	COM	902252105
ESTC	ELASTIC N V	1,710,069 (+2.4%)	$129,008 (-8.6%)	6.3%	$92.16	-11.5%	ORD SHS	N14506104
MANH	MANHATTAN ASSOCIATES INC	384,456 (+11.9%)	$66,630 (-5.4%)	3.2%	$140.96	+29.7%	COM	562750109
—	CYBERARK SOFTWARE LTD	256,922 (+6.7%)	$114,603 (-1.5%)	5.6%	$118.96	—	SHS	M2682V108
BOX	BOX INC	3,330,168 (+8.2%)	$99,605 (+0.3%)	4.8%	$23.93	+31.1%	CL A	10316T104

Exited Positions (2)

PD PAGERDUTY INC 3.4%

Value ($000) $69,298 Shares 4,194,782 Est. Cost $29.72 Unrealized -50.9%

SPSC SPS COMM INC 1.1%

Value ($000) $22,816 Shares 219,085 Est. Cost $122.25 Unrealized -24.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PD	PAGERDUTY INC	4,194,782	$69,298	3.4%	$29.72	-50.9%	—	69553P100
SPSC	SPS COMM INC	219,085	$22,816	1.1%	$122.25	-24.2%	—	78463M107

Decreased Positions (8)

CSGP COSTAR GROUP INC 6.5%

Value ($000) $134,175 (-24.0%) Shares 1,995,460 (-4.6%) Est. Cost $71.20 Unrealized -0.5%

TENB TENABLE HLDGS INC 4.7%

Value ($000) $95,795 (-26.5%) Shares 4,071,191 (-8.9%) Est. Cost $36.31 Unrealized -24.7%

GWRE GUIDEWIRE SOFTWARE INC 3.6%

Value ($000) $73,920 (-29.7%) Shares 367,744 (-19.6%) Est. Cost $96.50 Unrealized +129.2%

ENTG ENTEGRIS INC 5.3%

Value ($000) $109,916 (-19.4%) Shares 1,304,643 (-11.5%) Est. Cost $79.49 Unrealized +9.2%

JKHY HENRY JACK & ASSOC INC 5.2%

Value ($000) $107,473 (+21.3%) Shares 588,957 (-1.0%) Est. Cost $170.85 Unrealized -2.7%

PCOR PROCORE TECHNOLOGIES INC 6.9%

Value ($000) $142,801 (-5.6%) Shares 1,963,169 (-5.4%) Est. Cost $67.36 Unrealized +9.8%

TECH BIO-TECHNE CORP 6.1%

Value ($000) $126,562 (-1.1%) Shares 2,152,052 (-6.4%) Est. Cost $57.84 Unrealized +5.0%

RVTY REVVITY INC 7.1%

Value ($000) $147,001 (-0.7%) Shares 1,519,388 (-10.1%) Est. Cost $103.36 Unrealized -7.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CSGP	COSTAR GROUP INC	1,995,460 (-4.6%)	$134,175 (-24.0%)	6.5%	$71.20	-0.5%	COM	22160N109
TENB	TENABLE HLDGS INC	4,071,191 (-8.9%)	$95,795 (-26.5%)	4.7%	$36.31	-24.7%	COM	88025T102
GWRE	GUIDEWIRE SOFTWARE INC	367,744 (-19.6%)	$73,920 (-29.7%)	3.6%	$96.50	+129.2%	COM	40171V100
ENTG	ENTEGRIS INC	1,304,643 (-11.5%)	$109,916 (-19.4%)	5.3%	$79.49	+9.2%	COM	29362U104
JKHY	HENRY JACK & ASSOC INC	588,957 (-1.0%)	$107,473 (+21.3%)	5.2%	$170.85	-2.7%	COM	426281101
PCOR	PROCORE TECHNOLOGIES INC	1,963,169 (-5.4%)	$142,801 (-5.6%)	6.9%	$67.36	+9.8%	COM	74275K108
TECH	BIO-TECHNE CORP	2,152,052 (-6.4%)	$126,562 (-1.1%)	6.1%	$57.84	+5.0%	COM	09073M104
RVTY	REVVITY INC	1,519,388 (-10.1%)	$147,001 (-0.7%)	7.1%	$103.36	-7.1%	COM	714046109

Unchanged Positions (1)

DT DYNATRACE INC 8.6%

Value ($000) $178,029 Shares 4,107,728 Est. Cost $42.49 Unrealized +9.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
DT	DYNATRACE INC	4,107,728	$178,029	8.6%	$42.49	+9.7%	COM NEW	268150109