Balestra Capital’s SAP SAP Stock Holding History

Balestra Capital’s Portfolio SAP Stock Details SAP Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2013 Q4	–	Sell	-492,194	Closed	-$36.4M	–	20
2013 Q3	$36.4M	Hold	492,194	–	–	11.71%	4
2013 Q2	$35.8M	Buy	+492,194	New	+$38.3M	9.69%	4

Other funds holding SAP

Harding Loevner Bridgewater, New Jersey $9.72B AUM 22.38% 1-Year Est. Return

Fisher Asset Management Camas, Washington $295B AUM 31.6% 1-Year Est. Return

Goldman Sachs New York $871B AUM 31.28% 1-Year Est. Return

SGA

Sustainable Growth Advisers Stamford, Connecticut $10.6B AUM 2.6% 1-Year Est. Return

Scout Investments Kansas City, Missouri $3.8B AUM 45.91% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

Lazard Asset Management New York $60.8B AUM 22.47% 1-Year Est. Return

Neuberger Berman Group New York $131B AUM 28.36% 1-Year Est. Return

FAM

Fred Alger Management New York $22.8B AUM 64.63% 1-Year Est. Return

MAA

Managed Account Advisors Jersey City, New Jersey $121B AUM 7.32% 1-Year Est. Return

Balestra Capital's SAP Position: Q4 2013 in Review

Balestra Capital sold out of SAP (SAP) in Q4 2013, closing a stake of 492,194 shares — an estimated $36.4M sold.

Balestra Capital first reported a position in SAP in Q2 2013 and held it in 2 quarters. The position peaked at $36.4M in Q3 2013. 295 funds tracked by Wall St. Rank hold SAP as of Q4 2013.

Balestra Capital reported no remaining SAP position as of Q4 2013 after selling out during the quarter.
Balestra Capital sold 492,194 SAP shares in Q4 2013, an estimated $36.4M.
Balestra Capital first reported a position in SAP in Q2 2013 and held it in 2 quarters.
Balestra Capital's SAP position peaked at $36.4M in Q3 2013.
295 funds tracked by Wall St. Rank held SAP as of Q4 2013.

Based on Balestra Capital's 13F filing for Q4 2013, filed 12 Feb 2014.