917 hedge funds and large institutions have $19.3B invested in SAP in 2025 Q3 according to their latest regulatory filings, with 109 funds opening new positions, 334 increasing their positions, 332 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: 109 | Existing positions closed: 135

27% less funds holding in top 10

Funds holding in top 10: 1511 (-4)

Holders
917
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
AW
251
Alaethes Wealth
Nevada
$2.93M
FMC
252
First Merchants Corp
Indiana
$2.93M
RP
253
Ravenswood Partners
Virginia
$2.9M
RFC
254
Regions Financial Corp
Alabama
$2.86M
1GI
255
180 GPS Investments
$2.78M
IAA
256
Independent Advisor Alliance
North Carolina
$2.75M
Nomura Asset Management
257
Nomura Asset Management
Japan
$2.72M
PS
258
Principal Securities
Iowa
$2.71M
MIM
259
Morningstar Investment Management
Illinois
$2.7M
WAM
260
Weatherly Asset Management
California
$2.65M
AUB
261
Atlantic Union Bankshares
Virginia
$2.62M
TWC
262
TD Waterhouse Canada
Ontario, Canada
$2.55M
William Blair Investment Management
263
William Blair Investment Management
Illinois
$2.54M
SCM
264
Sterling Capital Management
North Carolina
$2.5M
PFS
265
Prospera Financial Services
Texas
$2.47M
P
266
Pitcairn
Pennsylvania
$2.42M
NAS
267
NWF Advisory Services
California
$2.41M
ACA
268
Aptus Capital Advisors
Alabama
$2.41M
VWM
269
Venturi Wealth Management
Texas
$2.39M
SCA
270
Snowden Capital Advisors
New York
$2.39M
DWT
271
Dorsey & Whitney Trust
South Dakota
$2.38M
MGWM
272
Marks Group Wealth Management
Minnesota
$2.38M
GWM
273
Gibbs Wealth Management
Georgia
$2.33M
BEI
274
Benjamin Edwards Inc
Missouri
$2.31M
SAM
275
Smartleaf Asset Management
Massachusetts
$2.31M