833 hedge funds and large institutions have $14.8B invested in SAP in 2026 Q1 according to their latest regulatory filings, with 96 funds opening new positions, 335 increasing their positions, 290 reducing their positions, and 168 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: $ → $

28% less call options, than puts

Call options by funds: $296M | Put options by funds: $410M

43% less first-time investments, than exits

New positions opened: 96 | Existing positions closed: 168

50% less funds holding in top 10

Funds holding in top 10: 147 (-7)

Holders
833
Holders Change
Holders Change %
% of All Funds
Holding in Top 10
7
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
Increased
Reduced
Closed
Calls
$296M
Puts
$410M
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Kayne Anderson Rudnick Investment Management
226
Kayne Anderson Rudnick Investment Management
California
$2.48M
AUB
227
Atlantic Union Bankshares
Virginia
$2.47M
LWAM
228
Legacy Wealth Asset Management
Minnesota
$2.46M
XT
229
XTX Topco
Cayman Islands
$2.45M
DCU
230
Dara Capital US
Florida
$2.45M
N
231
Nuveen
North Carolina
$2.45M
HWM
232
HB Wealth Management
Georgia
$2.4M
DWA
233
Douglass Winthrop Advisors
New York
$2.4M
CCIA
234
Campbell & Co Investment Adviser
Maryland
$2.34M
Qube Research & Technologies (QRT)
235
Qube Research & Technologies (QRT)
United Kingdom
$2.32M
AA
236
ABC Arbitrage
France
$2.31M
Bessemer Group
237
Bessemer Group
New Jersey
$2.31M
HCMT
238
Highland Capital Management (Tennessee)
Tennessee
$2.3M
B
239
Bailard
California
$2.28M
HWAM
240
Hennion & Walsh Asset Management
New Jersey
$2.25M
Primecap Management
241
Primecap Management
California
$2.23M
YCM
242
Yousif Capital Management
Michigan
$2.2M
BBVA
243
Banco Bilbao Vizcaya Argentaria
Spain
$2.17M
SB
244
SIG Brokerage
New York
$2.15M
BEI
245
Benjamin Edwards Inc
Missouri
$2.13M
PAM
246
Paradigm Asset Management
New York
$2.12M
AWA
247
Acumen Wealth Advisors
Tennessee
$2.12M
DWM
248
Diversify Wealth Management
Utah
$2.1M
PWM
249
Perigon Wealth Management
California
$2.09M
State Street
250
State Street
Massachusetts
$2.08M