4. Salesforce Inc. (NYSE:CRM)
Number of Hedge Fund Holders — 99
Value of Holdings — $6.44 billion
Enterprise Software Growth Comes With Acquisition Context
Salesforce, Inc. (NYSE: CRM) reported fiscal second-quarter 2027 revenue of $11.3 billion, up 11%. Subscription and support revenue increased 12% to $10.8 billion, while current remaining performance obligations rose 14% to $33.5 billion.
The customer relationship management platform is expanding its AI and data offerings, but the revenue figures require context. Quarterly sales included a $456 million contribution from an acquisition. Headline growth therefore should not be read as wholly organic expansion.
Profitability provides a firmer part of the investment case. GAAP operating margin was 20.5%, compared with a 34.1% non-GAAP margin, and free cash flow increased 81% to $1.1 billion. The company also continued executing a $25 billion accelerated share repurchase program.
Management raised full-year revenue guidance to $46.1 billion–$46.4 billion, with the outlook incorporating expected contributions from pending acquisitions. Investors should separate those additions from underlying customer demand when assessing acceleration.
For this enterprise software stock, the practical test is whether AI adoption strengthens customer spending and earnings sufficiently to support growth beyond acquisitions and share-count reductions.
Ranking Rationale
Salesforce, Inc. (NYSE: CRM) ranks fourth with 99 hedge fund holders and $6.44 billion in combined holdings. Its position reflects broader fund ownership than the six entries below it, while remaining outside the three companies with more than 100 holders.
