Sands Capital Management’s SAP SAP Stock Holding History

Sands 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 Q1	–	Sell	-394,117	Closed	-$95.7M	–	75
2025 Q4	$95.7M	Sell	394,117 -46,153	-10%	-$11.8M	0.29%	47
2025 Q3	$118M	Buy	440,270 +150,884	+52%	+$42.4M	0.32%	47
2025 Q2	$88M	Buy	289,386 +66,354	+30%	+$19M	0.25%	54
2025 Q1	$59.9M	Buy	+223,032	New	+$60.8M	0.2%	61
2015 Q1	–	Sell	-58,845	Closed	-$4.1M	–	53
2014 Q4	$4.1M	Sell	58,845 -52,000	-47%	-$3.57M	0.01%	49
2014 Q3	$8M	Sell	110,845 -78,340	-41%	-$6.09M	0.02%	47
2014 Q2	$14.6M	Buy	189,185 +3,900	+2%	+$303K	0.04%	44
2014 Q1	$15.1M	Sell	185,285 -600	-0.3%	-$47.6K	0.04%	40
2013 Q4	$16.2M	Sell	185,885 -600	-0.3%	-$47.7K	0.04%	36
2013 Q3	$13.8M	Sell	186,485 -7,200	-4%	-$532K	0.04%	36
2013 Q2	$14.1M	Buy	+193,685	New	+$15.1M	0.05%	35

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

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

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

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

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

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

WPL

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

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

Northern Trust Chicago, Illinois $860B AUM 41.15% 1-Year Est. Return

Sands Capital Management's SAP Position: Q1 2026 in Review

Sands Capital Management sold out of SAP (SAP) in Q1 2026, closing a stake of 394,117 shares — an estimated $95.7M sold.

Sands Capital Management first reported a position in SAP in Q2 2013 and held it in 11 quarters. The position peaked at $118M in Q3 2025. 845 funds tracked by Wall St. Rank hold SAP as of Q1 2026.

Sands Capital Management reported no remaining SAP position as of Q1 2026 after selling out during the quarter.
Sands Capital Management sold 394,117 SAP shares in Q1 2026, an estimated $95.7M.
Sands Capital Management first reported a position in SAP in Q2 2013 and held it in 11 quarters.
Sands Capital Management's SAP position peaked at $118M in Q3 2025.
845 funds tracked by Wall St. Rank held SAP as of Q1 2026.

Based on Sands Capital Management's 13F filing for Q1 2026, filed 8 May 2026.