Night Owl Capital Management’s SAP SAP Stock Holding History

Night Owl Capital Management’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
2026 Q2	$29.1M	Sell	188,848 -60,169	-24%	-$10.3M	3.05%	14
2026 Q1	$42.6M	Buy	249,017 +1,465	+0.6%	+$302K	4.97%	10
2025 Q4	$60.1M	Buy	247,552 +2,494	+1%	+$635K	6.59%	4
2025 Q3	$65.5M	Buy	245,058 +2,085	+0.9%	+$586K	7.14%	3
2025 Q2	$73.9M	Buy	242,973 +7,125	+3%	+$2.04M	8.54%	2
2025 Q1	$63.3M	Buy	235,848 +8,178	+4%	+$2.23M	7.91%	1
2024 Q4	$56.1M	Buy	227,670 +6,647	+3%	+$1.58M	7.24%	3
2024 Q3	$50.6M	Buy	221,023 +6,486	+3%	+$1.38M	6.92%	4
2024 Q2	$43.3M	Sell	214,537 -2,362	-1%	-$446K	6.47%	4
2024 Q1	$42.3M	Buy	216,899 +6,415	+3%	+$1.14M	6.42%	5
2023 Q4	$27.2M	Hold	210,484	–	–	6.82%	6
2023 Q3	$27.2M	Buy	210,484 +83,837	+66%	+$11.4M	6.82%	6
2023 Q2	$17.3M	Buy	+126,647	New	+$16.7M	4.48%	9

Other funds holding SAP

Fisher Asset Management Camas, Washington $336B AUM 34.66% 1-Year Est. Return

Eagle Capital Management (New York) New York $32.7B AUM 17.15% 1-Year Est. Return

Goldman Sachs New York $1.15T AUM 47.82% 1-Year Est. Return

Capital International Investors Los Angeles, California $484B AUM 34.9% 1-Year Est. Return

Morgan Stanley New York $1.89T AUM 35.08% 1-Year Est. Return

WPL

WINDACRE PARTNERSHIP LLC Houston, Texas $10.1B AUM 10.46% 1-Year Est. Return

Hotchkis & Wiley Capital Management Los Angeles, California $34.3B AUM 22.63% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.55T AUM 33.47% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $2.3T AUM 54.33% 1-Year Est. Return

D.E. Shaw & Co New York $210B AUM 57.28% 1-Year Est. Return

Night Owl Capital Management's SAP Position: Q2 2026 in Review

Night Owl Capital Management reduced its SAP (SAP) stake by 24% in Q2 2026, selling an estimated $10.3M and leaving 188,848 shares worth $29.1M. The position accounts for 3.05% of the portfolio, ranked #14.

Night Owl Capital Management first reported a position in SAP in Q2 2023 and has held it in 13 quarters since. The position peaked at $73.9M in Q2 2025. 812 funds tracked by Wall St. Rank hold SAP as of Q2 2026.

Night Owl Capital Management held 188,848 shares of SAP worth $29.1M as of Q2 2026.
Night Owl Capital Management sold 60,169 SAP shares in Q2 2026, an estimated $10.3M.
SAP made up 3.05% of Night Owl Capital Management's portfolio in Q2 2026, its #14 holding.
Night Owl Capital Management first reported a position in SAP in Q2 2023 and has held it in 13 quarters since.
Night Owl Capital Management's SAP position peaked at $73.9M in Q2 2025.
812 funds tracked by Wall St. Rank held SAP as of Q2 2026.

Based on Night Owl Capital Management's 13F filing for Q2 2026, filed 14 Aug 2026.