Value Managers Are Buying Software Again
This is an AI analysis of an interesting pattern in QuantyFight data derived from SEC 13F holdings: classic value-oriented managers show large dollar adds in software and software-adjacent compounders — Dodge & Cox in MSFT, Harris Associates in CRM and NFLX, and WindAcre in ROP.
0001193125-26-223352. The connecting narrative is AI-assisted interpretation for readability — not investment advice.
Dodge & Cox’s Microsoft add
Dodge & Cox (CIK 200217) shows a verified add on QuantyFight’s dollar-increase board of MSFT ~+$0.83B (+4,518,185 shares; prior ~7.44M → ~11.96M). AUM impact on the movement row is about +0.46%.
Dodge & Cox × MSFT
| Field | Prior | Q1 2026 | Change |
|---|---|---|---|
| Shares | 7,441,750 | 11,959,935 | +4,518,185 |
| Dollar move | — | +$0.83B | |
| AUM % impact | — | +0.46% | |
Harris Associates: CRM and NFLX
Harris Associates L.P. appears twice near the top of the hedge dollar-increase leaderboard: CRM ~+$0.19B and NFLX ~+$0.94B. Same-quarter, Harris also shows large cuts elsewhere (e.g. DE, WBD on the losers leaderboard).
Harris Associates — selected $ prints
WindAcre’s ROP concentration print
WindAcre Partnership’s ROP add (~+$1.28B / +4,401,900 shares) carries a +13.65% disclosed-AUM impact on QuantyFight — one of the higher portfolio-impact prints among large dollar increases this quarter.
WindAcre × ROP
| Field | Prior | Q1 2026 | Change |
|---|---|---|---|
| Shares | 3,096,100 | 7,498,000 | +4,401,900 |
| Dollar move | — | +$1.28B | |
| AUM % impact | — | +13.65% | |
Source: QuantyFight hedge movement · ROP
Larger same-quarter software-adjacent prints
Beyond the classic value-shop names, verified Q1 dollar movers also include Morgan Stanley +CRM ~+$0.88B and Cap Research +NFLX ~+$2.57B — larger absolute prints that sit beside Dodge / Harris / WindAcre in the same software-adjacent constellation. Use them as scale context, not as “value shop” labels.
Verified software-adjacent $ adds (extended)
| Manager | Ticker | $ move | Note |
|---|---|---|---|
| Morgan Stanley | CRM | +$0.88B | Large non-value-shop print |
| Cap Research | NFLX | +$2.57B | Large active-giant print |
| Dodge & Cox | MSFT | +$0.83B | Value shop |
| WindAcre | ROP | +$1.28B | +13.65% AUM impact |
| Harris Associates | CRM | +$0.19B | Value shop |
| Harris Associates | NFLX | +$0.94B | Value shop |
How to follow value→software on QuantyFight
- Filter dollar movers for MSFT, CRM, NFLX, ROP on Hedge movement.
- Open fund pages (e.g. Dodge & Cox) for full book context.
- Compare % AUM impact (WindAcre) vs absolute dollars (Dodge) — both are first-class signals on QuantyFight.
- Continue in Ask / Sectors.