909 hedge funds and large institutions have $19.3B invested in SAP in 2025 Q3 according to their latest regulatory filings, with 110 funds opening new positions, 331 increasing their positions, 327 reducing their positions, and 135 closing their positions.

New
Increased
Maintained
Reduced
Closed

more repeat investments, than reductions

Existing positions increased: | Existing positions reduced:

more ownership

Funds ownership:

less funds holding

Funds holding:

less capital invested

Capital invested by funds: $ → $

18% less call options, than puts

Call options by funds: $322M | Put options by funds: $393M

19% less first-time investments, than exits

New positions opened: 110 | Existing positions closed: 135

27% less funds holding in top 10

Funds holding in top 10: 1511 (-4)

Holders
909
Holders Change
Holders Change %
% of All Funds
Holding in Top 10
11
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
Increased
Reduced
Closed
Calls
$322M
Puts
$393M
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
DWA
226
Douglass Winthrop Advisors
New York
$3.74M
Bessemer Group
227
Bessemer Group
New Jersey
$3.73M
KeyBank National Association
228
KeyBank National Association
Ohio
$3.72M
Envestnet Portfolio Solutions
229
Envestnet Portfolio Solutions
Illinois
$3.7M
PMWMG
230
Parr McKnight Wealth Management Group
Minnesota
$3.65M
HI
231
Horizon Investments
North Carolina
$3.55M
AAM
232
Advisors Asset Management
Colorado
$3.54M
ECM
233
Evergreen Capital Management
Washington
$3.5M
CWM
234
Calamos Wealth Management
Illinois
$3.47M
CAM
235
Cresset Asset Management
Illinois
$3.43M
ACM
236
Arlington Capital Management
Illinois
$3.43M
CCM
237
Coldstream Capital Management
Washington
$3.4M
New York State Common Retirement Fund
238
New York State Common Retirement Fund
New York
$3.37M
DC
239
Davenport & Co
Virginia
$3.35M
HWM
240
HB Wealth Management
Georgia
$3.27M
State Street
241
State Street
Massachusetts
$3.25M
Kayne Anderson Rudnick Investment Management
242
Kayne Anderson Rudnick Investment Management
California
$3.25M
EWA
243
Exencial Wealth Advisors
Oklahoma
$3.21M
QI
244
Qtron Investments
Massachusetts
$3.21M
BIG
245
Brooklyn Investment Group
New York
$3.19M
SIM
246
Seaview Investment Managers
Florida
$3.14M
AFG
247
Atomi Financial Group
New York
$3.11M
NA
248
Navellier & Associates
Nevada
$3.1M
UCFA
249
United Capital Financial Advisors
Texas
$3.03M
AW
250
Alaethes Wealth
Nevada
$2.93M