Posted by Welcome to the first post of the 2019 SaaSy.Blog index! This index was selected based on my judgement of pure SaaS companies and is slightly different then last years index and included any new IPO’s that occurred in 2018.
Major events this month: January 2019 has been a big rebound month for SaaS from the October 2018 pullback of last year and general market meltdown in December. Other news worthy events for January was the closing of the acquisition of SEND by TWLO which you can read more about here.
=========== KEY STATS FOR JANUARY 2019 ===========
January 2019 Performance: 17.33%
2019 YTD (Year To Date) performance: 17.33%
Performance since inception January 2nd 2019: 17.33%
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The stocks included in this index are:
ADBE (ADOBE SYSTEMS INC)
ADSK (AUTODESK INC) – New in 2019 index
APPF (APPFOLIO INC – A)
AVLR (AVALARA INC) – New in 2019 index
BL (BLACKLINE INC)
BOX (BOX INC – CLASS A)
CRM (SALESFORCE.COM INC)
CSOD (CORNERSTONE ONDEMAND INC)
DATA (TABLEAU SOFTWARE INC-CL A)
DBX (DROPBOX INC-CLASS A)
DOCU (DOCUSIGN INC)
DOMO (DOMO INC – CLASS B) – New in 2019 index
EVBG (EVERBRIDGE INC)
FIVN (FIVE9 INC)
HUBS (HUBSPOT INC)
LOGM (LOGMEIN INC)
MDSO (MEDIDATA SOLUTIONS INC)
MIME (MIMECAST LTD)
MOBL (MOBILE IRON INC)
NEWR (NEW RELIC INC)
NOW (SERVICENOW INC)
OKTA (OKTA INC) – New in 2019 index
PLAN (ANAPLAN INC) – New in 2019 index
QTWO (Q2 HOLDINGS INC)
RNG (RINGCENTRAL INC-CLASS A)
RP (REALPAGE INC)
SEND (SENDGRID INC)
SHOP (SHOPIFY INC – CLASS A)
SMAR (SMARTSHEET INC-CLASS A)
SPLK (SPLUNK INC)
SPSC (SPS COMMERCE INC)
TEAM (ATLASSIAN CORP PLC-CLASS A)
TLND (TALEND SA – ADR)
TWLO (TWILIO INC – A)
TWOU (2U INC)
ULTI (ULTIMATE SOFTWARE GROUP INC)
VEEV (VEEVA SYSTEMS INC-CLASS A)
WDAY (WORKDAY INC-CLASS A)
WIX (WIX.COM LTD)
ZEN (ZENDESK INC)
ZUO (ZUORA INC – CLASS A)
The companies in the SaaSy.Blog index were all equally dollar weighted at the inception of the index. After the index was selected there will be no trading occurring at any point to rebalance the index. I like this method because it provides a true snapshot in time and allows the winning positions to grow disproportionally over an extended period of time. This will make these indexes interesting to analyze as the years pass and we see which SaaS companies stand out from the crowd and which fall behind.
For those of you that have made it to the bottom of this post, here is a link to EmCloud, which is the closest thing to the SaaSy.Blog index but includes companies I don’t consider pure SaaS. EmCloud comes from a partnership between the Nasdaq and Bessemer venture partners. As of this writing there is currently no ETF using the EmCloud index, but hopefully there will be one soon!
Sincerely,
Your SaaS investing enthusiast!
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