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272 hedge funds and large institutions have $3.09B invested in SAP in 2014 Q4 according to their latest regulatory filings, with 43 funds opening new positions, 92 increasing their positions, 91 reducing their positions, and 46 closing their positions.

New
Increased
Maintained
Reduced
Closed

67% more funds holding in top 10

Funds holding in top 10: 3 → 5 (+2)

5% more capital invested

Capital invested by funds: $2.93B → $3.09B (+$156M)

1% more repeat investments, than reductions

Existing positions increased: 92 | Existing positions reduced: 91

0.31% more ownership

Funds ownership: 3.31% → 3.62% (+0.31%)

3% less call options, than puts

Call options by funds: $144M | Put options by funds: $148M

7% less first-time investments, than exits

New positions opened: 43 | Existing positions closed: 46

3% less funds holding

Funds holding: 280 → 272 (-8)

Holders
272
Holders Change
-8
Holders Change %
-2.86%
% of All Funds
7.26%
Holding in Top 10
5
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+66.67%
% of All Funds
0.13%
New
43
Increased
92
Reduced
91
Closed
46
Calls
$144M
Puts
$148M
Net Calls
-$4.13M
Net Calls Change
+$56.6M

Top Buyers

1
Fidelity Investments
Fidelity Investments
Massachusetts
+$158M
2
HL
Harding Loevner
New Jersey
+$91M
3
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$42.2M
4
Victory Capital Management
Victory Capital Management
Texas
+$34.5M
5
FAM
Fred Alger Management
New York
+$30M

Top Sellers

1
Lazard Asset Management
Lazard Asset Management
New York
-$59.2M
2
Goldman Sachs
Goldman Sachs
New York
-$37.8M
3
Fisher Asset Management
Fisher Asset Management
Washington
-$25.3M
4
Renaissance Technologies
Renaissance Technologies
New York
-$18.3M
5
MAA
Managed Account Advisors
New Jersey
-$14.2M
Name Holding Trade Value Shares
Change 		Change in
Stake
FHA
251
First Horizon Advisors
Tennessee
$8K -$23.7K -345 -75%
WT
252
Whittier Trust
California
$8K – – –
TRCT
253
Tower Research Capital (TRC)
New York
$8K +$7.42K +108 New
ST
254
Smithfield Trust
Pennsylvania
$7K -$124K -1,809 -95%
CFA
255
Carroll Financial Associates
North Carolina
$7K +$4.12K +60 +120%
S
256
SignatureFD
Georgia
$7K +$6.11K +89 +685%
CFA
257
CT Financial Advisors
Pennsylvania
$6.96K +$6.87K +100 New
GGPS
258
Gary Goldberg Planning Services
New York
$6K – – –
CHP
259
Cable Hill Partners
Oregon
$5K +$5.15K +75 New
Federated Hermes
260
Federated Hermes
Pennsylvania
$4K +$687 +10 +24%
AC
261
Alexandria Capital
Virginia
$4K +$3.71K +54 New
ACS
262
Archford Capital Strategies
Illinois
$3K – – –
M
263
MOTCO
Texas
$3K – – –
FPFS
264
First Personal Financial Services
North Carolina
$3K +$3.37K +49 New
CAW
265
Cornerstone Advisors (Washington)
Washington
$3K +$3.44K +50 New
IC
266
Intersect Capital
California
$3K +$3.44K +50 New
SSB
267
Sandy Spring Bank
Maryland
$2K – – –
HCC
268
Hirtle Callaghan & Co
Pennsylvania
$2K +$1.72K +25 New
SA
269
SRH Advisors
Kansas
$1K – – –
ECM
270
Exchange Capital Management
Michigan
$1K +$893 +13 New
Manulife (Manufacturers Life Insurance)
271
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$275 +$272K +3,953 New
BRWA
272
B. Riley Wealth Advisors
Florida
$42 +$41.8K +609 New
Renaissance Technologies
273
Renaissance Technologies
New York
– -$18.3M -254,110 Closed
Millennium Management
274
Millennium Management
New York
– -$3.86M -53,463 Closed
Balyasny Asset Management
275
Balyasny Asset Management
Illinois
– -$3.61M -50,000 Closed
9 10
11
12 13

SAP Hedge Fund Activity: Q4 2014 in Review

272 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in SAP (SAP) for Q4 2014, worth a combined $3.09B — up 5.3% from $2.93B a quarter earlier.

Sellers outnumbered buyers: 46 funds closed out of SAP and 43 opened new positions — a net loss of 3 holders — while 91 trimmed existing stakes and 92 added.

The largest buyer was Fidelity Investments, adding an estimated $158M. The largest seller was Lazard Asset Management, cutting an estimated $59.2M.

  • 272 institutional investors held SAP (SAP) as of Q4 2014, down from 280 in Q3 2014.
  • Funds reported $3.09B of SAP stock for Q4 2014, up 5.3% quarter-over-quarter.
  • 43 funds opened new SAP positions in Q4 2014 and 46 closed out, a net change of -3 holders.
  • The largest SAP buyer in Q4 2014 was Fidelity Investments, an estimated $158M added.
  • The largest SAP seller in Q4 2014 was Lazard Asset Management, an estimated $59.2M sold.

Based on aggregated 13F filings for Q4 2014.