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
FMC
251
First Merchants Corp
Indiana
$2.93M
RP
252
Ravenswood Partners
Virginia
$2.9M
RFC
253
Regions Financial Corp
Alabama
$2.86M
1GI
254
180 GPS Investments
$2.78M
IAA
255
Independent Advisor Alliance
North Carolina
$2.75M
Nomura Asset Management
256
Nomura Asset Management
Japan
$2.72M
PS
257
Principal Securities
Iowa
$2.71M
MIM
258
Morningstar Investment Management
Illinois
$2.7M
WAM
259
Weatherly Asset Management
California
$2.65M
AUB
260
Atlantic Union Bankshares
Virginia
$2.62M
TWC
261
TD Waterhouse Canada
Ontario, Canada
$2.55M
William Blair Investment Management
262
William Blair Investment Management
Illinois
$2.54M
SCM
263
Sterling Capital Management
North Carolina
$2.5M
PFS
264
Prospera Financial Services
Texas
$2.47M
P
265
Pitcairn
Pennsylvania
$2.42M
NAS
266
NWF Advisory Services
California
$2.41M
ACA
267
Aptus Capital Advisors
Alabama
$2.41M
VWM
268
Venturi Wealth Management
Texas
$2.39M
SCA
269
Snowden Capital Advisors
New York
$2.39M
DWT
270
Dorsey & Whitney Trust
South Dakota
$2.38M
MGWM
271
Marks Group Wealth Management
Minnesota
$2.38M
GWM
272
Gibbs Wealth Management
Georgia
$2.33M
BEI
273
Benjamin Edwards Inc
Missouri
$2.31M
SAM
274
Smartleaf Asset Management
Massachusetts
$2.31M
AWA
275
Aaron Wealth Advisors
Illinois
$2.3M