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277 hedge funds and large institutions have $3.03B invested in SAP in 2014 Q2 according to their latest regulatory filings, with 31 funds opening new positions, 99 increasing their positions, 101 reducing their positions, and 51 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.32% less ownership

Funds ownership: 3.52% → 3.2% (-0.32%)

2% less repeat investments, than reductions

Existing positions increased: 99 | Existing positions reduced: 101

7% less funds holding

Funds holding: 298 → 277 (-21)

14% less capital invested

Capital invested by funds: $3.52B → $3.03B (-$486M)

24% less call options, than puts

Call options by funds: $373M | Put options by funds: $490M

39% less first-time investments, than exits

New positions opened: 31 | Existing positions closed: 51

40% less funds holding in top 10

Funds holding in top 10: 5 → 3 (-2)

Holders
277
Holders Change
-21
Holders Change %
-7.05%
% of All Funds
7.96%
Holding in Top 10
3
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-40%
% of All Funds
0.09%
New
31
Increased
99
Reduced
101
Closed
51
Calls
$373M
Puts
$490M
Net Calls
-$117M
Net Calls Change
+$35.9M

Top Buyers

Rank Fund Capital Flow
1
Macquarie Group
Macquarie Group
Australia
+$23.5M
2
Goldman Sachs
Goldman Sachs
New York
+$21.8M
3
Northern Trust
Northern Trust
Illinois
+$17.8M
4
Morgan Stanley
Morgan Stanley
New York
+$15.5M
5
JP Morgan Chase
JP Morgan Chase
New York
+$14.8M

Top Sellers

Rank Fund Capital Flow
1
HL
Harding Loevner
New Jersey
-$145M
2
TIM
Thornburg Investment Management
New Mexico
-$95.7M
3
CI
Cambiar Investors
Colorado
-$40.1M
4
SI
Scout Investments
Missouri
-$34.9M
5
FAM
Fred Alger Management
New York
-$23M
Name Holding Trade Value Shares
Change 		Change in
Stake
JWA
276
JFS Wealth Advisors
Pennsylvania
$1K +$1.01K +13 New
HCC
277
Hirtle Callaghan & Co
Pennsylvania
$1K +$1.24K +16 New
TIM
278
Thornburg Investment Management
New Mexico
– -$95.7M -1,177,489 Closed
CI
279
Cambiar Investors
Colorado
– -$40.1M -493,717 Closed
Fiera Capital (Canada)
280
Fiera Capital (Canada)
Quebec, Canada
– -$7.83M -96,348 Closed
SCA
281
SAC Capital Advisors
Connecticut
– -$7.55M -92,883 Closed
HNB
282
Huntington National Bank
Ohio
– -$7.42M -91,312 Closed
TAM
283
Todd Asset Management
Kentucky
– -$4.69M -57,655 Closed
TRSOTSOK
284
Teachers Retirement System of the State of Kentucky
Kentucky
– -$4.55M -56,000 Closed
PMAM
285
Picton Mahoney Asset Management
Ontario, Canada
– -$1.53M -18,800 Closed
FNYS
286
First New York Securities
New York
– -$1.24M -15,287 Closed
SGDR
287
SPX Gestao de Recursos
Brazil
– -$1.1M -13,500 Closed
ACM
288
Azimuth Capital Management
Michigan
– -$913K -11,230 Closed
FMA
289
FNY Managed Accounts
New York
– -$813K -10,000 Closed
AI
290
Atria Investments
North Carolina
– -$810K -9,962 Closed
Capstone Investment Advisors
291
Capstone Investment Advisors
New York
– -$767K -9,441 Closed
SCM
292
Sterling Capital Management
North Carolina
– -$754K -9,274 Closed
CIBC Asset Management
293
CIBC Asset Management
Ontario, Canada
– -$678K -8,350 Closed
SC
294
Sophrosyne Capital
New York
– -$668K -8,200 Closed
CCM
295
Carderock Capital Management
Maryland
– -$568K -6,988 Closed
ONB
296
Old National Bancorp
Indiana
– -$446K -5,484 Closed
Brown Advisory
297
Brown Advisory
Maryland
– -$445K -5,472 Closed
IB
298
Intrust Bank
Kansas
– -$413K -5,081 Closed
USAA
299
United Services Automobile Association
Texas
– -$400K -4,921 Closed
IIA
300
IPG Investment Advisors
California
– -$373K -4,580 Closed
10 11
12
13 14

SAP Hedge Fund Activity: Q2 2014 in Review

277 of the 3,480 institutional investors tracked by Wall St. Rank reported a position in SAP (SAP) for Q2 2014, worth a combined $3.03B — down 14% from $3.52B a quarter earlier.

Sellers outnumbered buyers: 51 funds closed out of SAP and 31 opened new positions — a net loss of 20 holders — while 101 trimmed existing stakes and 99 added.

The largest buyer was Macquarie Group, adding an estimated $23.5M. The largest seller was Harding Loevner, cutting an estimated $145M.

  • 277 institutional investors held SAP (SAP) as of Q2 2014, down from 298 in Q1 2014.
  • Funds reported $3.03B of SAP stock for Q2 2014, down 14% quarter-over-quarter.
  • 31 funds opened new SAP positions in Q2 2014 and 51 closed out, a net change of -20 holders.
  • The largest SAP buyer in Q2 2014 was Macquarie Group, an estimated $23.5M added.
  • The largest SAP seller in Q2 2014 was Harding Loevner, an estimated $145M sold.

Based on aggregated 13F filings for Q2 2014.