13FPulse
中
VE

VEEV VEEVA SYSTEMS INC-CLASS A

2026Q2 · CUSIP 922475108 · Enterprise Software · Sector: Technology

Normal

Fund flows are within the usual range

Funds that own it
1,034
Institutions that reported holding it to the SEC
Net increase in holders
+14
Last quarter 1,020 → now 1,034
How unusual is that
Above average
Stronger buying than 77% of US stocks
What the filings say, in one paragraph

1,034 funds held VEEV at the end of 2026Q2, up 14 from the quarter before. Fund flows are within the usual range — nothing unusual. On the business itself, revenue over the last 12 months was $3.5B(YoY +16.5%), the P/E is 45.9x, return on equity is 13.7%. VEEV has had 28 buying rushes in its history, and the price moved +6.5% on average over the six months after (that is the raw price move, not how much it beat the market by). It sits in the Technology sector, tagged Enterprise Software.

How many funds owned it, quarter by quarter

Bars = net change in institutional holders, positive (green) or negative (red). Line = total institutional holders.

2014Q1: holders=102 2014Q2: holders=99 2014Q3: holders=131 2014Q4: holders=155 2015Q1: holders=182 2015Q2: holders=165 2015Q3: holders=159 2015Q4: holders=185 2016Q1: holders=179 2016Q2: holders=215 2016Q3: holders=254 2016Q4: holders=284 2017Q1: holders=274 2017Q2: holders=349 2017Q3: holders=349 2017Q4: holders=361 2018Q1: holders=410 2018Q2: holders=421 2018Q3: holders=456 2018Q4: holders=476 2019Q1: holders=544 2019Q2: holders=617 2019Q3: holders=607 2019Q4: holders=621 2020Q1: holders=605 2020Q2: holders=683 2020Q3: holders=746 2020Q4: holders=800 2021Q1: holders=770 2021Q2: holders=820 2021Q3: holders=821 2021Q4: holders=839 2022Q1: holders=749 2022Q2: holders=751 2022Q3: holders=735 2022Q4: holders=772 2023Q1: holders=794 2023Q2: holders=822 2023Q3: holders=832 2023Q4: holders=881 2024Q1: holders=918 2024Q2: holders=923 2024Q3: holders=962 2024Q4: holders=1006 2025Q1: holders=1022 2025Q2: holders=1114 2025Q3: holders=1120 2025Q4: holders=1106 2026Q1: holders=1020 2026Q2: holders=1034 -92 -46 +0 +46 +92 896331176 14Q115Q317Q118Q320Q121Q323Q124Q326Q126Q2 Net change in holders (bars) Total funds holding (line)

What happened after each past buying rush 28 times in its history

Quarter of the rush How unusual then Price, next 3 months Price, next 6 months
2025Q2 Top 5% +6.6% +4.0%
2025Q1 Top 20% +17.3% +18.7%
2024Q4 Top 20% -3.2% +3.8%
2024Q3 Top 10% -0.3% +5.7%
2024Q1 Top 10% -13.8% -7.6%
2023Q4 Top 20% -1.0% -4.1%
2023Q3 Top 20% +5.6% +24.8%
2023Q2 Top 10% +6.0% -9.6%

These are the raw price moves, not how much it beat the market by. Compare them against the market over the same months — in a strong bull market almost everything is up.

Show all the numbers (large funds, value held, options…) ▾
Of them, large funds
317
Change in large funds
+31
Total value they hold
$25.6B
Funds buying for the first time
202
Funds that sold out entirely
188
Price change that quarter
+71.3%
Funds holding puts (bearish)
19
Funds holding calls (bullish)
23

These are for people who want to dig. Skip them if they do not mean anything to you — the three numbers above are enough.

8,697 institutions have filed for this quarter. 13F permits late filing and a small number arrive in the weeks after the deadline, so the holder counts and changes below may tick up.

Fundamentals

PE (TTM)
45.9
EPS (TTM)
$6.11
EPS YoY
+25.7%
Revenue (TTM)
$3.5B
Revenue YoY
+16.5%
Net margin
29.3%
ROE
13.7%
Debt ratio
18.0%
FCF (TTM)
—
Dividend (TTM)
No dividend
Quarterly Revenue & EPS
2021-10-31: EPS 0.65 2022-01-31: EPS 0.60 2022-04-30: EPS 0.62 2022-07-31: EPS 0.56 2022-10-31: EPS 0.67 2023-01-31: EPS 1.15 2023-04-30: EPS 0.81 2023-07-31: EPS 0.68 2023-10-31: EPS 0.83 2024-01-31: EPS 0.90 2024-04-30: EPS 0.98 2024-07-31: EPS 1.04 2024-10-31: EPS 1.13 2025-01-31: EPS 1.17 2025-04-30: EPS 1.37 2025-07-31: EPS 1.19 2025-10-31: EPS 1.40 2026-01-31: EPS 1.48 2026-04-30: EPS 1.57 2026-07-31: EPS 1.66 0M 464M 928M $M 0.00 0.91 1.83 2016201720182019202020212022202320242025202607/26 Revenue EPS

Quarterly figures, revenue up to 10 years back; EPS split-adjusted, early quarters hidden when not calibrable

P/E (TTM) over time
4Y median 56 26 51 76 20222023202420252026

P/E = close around day 47 after quarter-end ÷ TTM EPS then; this is a consistent valuation date, not the company’s actual filing date; loss quarters hidden

Quarterly free cash flow
-5M139M282M 20162017201820192020202120222023202420252026
Latest quarter $282M (2020-04-30)

FCF = operating cash flow − capex, computed from SEC XBRL; banks/insurers have no standard cash-flow structure and are hidden

As of 2026-07-31 · SEC filings (XBRL)

Email me the next update

2026 Q3 holdings are due 2026-11-16. We will email you when the refreshed lists are live.