SAP
SAP
419 hedge funds and large institutions have $14B invested in SAP in 2018 Q1 according to their latest regulatory filings, with 67 funds opening new positions, 163 increasing their positions, 113 reducing their positions, and 48 closing their positions.
44% more repeat investments, than reductions
Existing positions increased: 163 | Existing positions reduced: 113
40% more first-time investments, than exits
New positions opened: 67 | Existing positions closed: 48
20% more funds holding in top 10
Funds holding in top 10: 5 → 6 (+1)
9% more capital invested
Capital invested by funds: $12.8B → $14B (+$1.2B)
4% more funds holding
Funds holding: 402 → 419 (+17)
4% more call options, than puts
Call options by funds: $33M | Put options by funds: $31.7M
0.49% more ownership
Funds ownership: 10.38% → 10.87% (+0.49%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCP
Soroban Capital Partners
New York
|
+$250M |
| 2 |
CI
Cambiar Investors
Denver,
Colorado
|
+$154M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$126M |
| 4 |
Goldman Sachs
New York
|
+$78M |
| 5 |
HL
Harding Loevner
Bridgewater,
New Jersey
|
+$66.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HGCK
HPC Germany & Co KG
Potsdam,
Germany
|
-$112M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$89.5M |
| 3 |
Morgan Stanley
New York
|
-$81.6M |
| 4 |
Neuberger Berman Group
New York
|
-$43M |
| 5 |
CIC
Crawford Investment Counsel
Atlanta,
Georgia
|
-$37.7M |
SAP Hedge Fund Activity: Q1 2018 in Review
419 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in SAP (SAP) for Q1 2018, worth a combined $14B — up 9.3% from $12.8B a quarter earlier.
Buyers outnumbered sellers: 67 funds opened new SAP positions and 48 closed out — a net gain of 19 holders — while 163 added to existing stakes and 113 trimmed.
The largest buyer was Soroban Capital Partners, opening a new position worth an estimated $250M. The largest seller was HPC Germany & Co KG, cutting an estimated $112M.
- 419 institutional investors held SAP (SAP) as of Q1 2018, up from 402 in Q4 2017.
- Funds reported $14B of SAP stock for Q1 2018, up 9.3% quarter-over-quarter.
- 67 funds opened new SAP positions in Q1 2018 and 48 closed out, a net change of +19 holders.
- The largest SAP buyer in Q1 2018 was Soroban Capital Partners, an estimated $250M added.
- The largest SAP seller in Q1 2018 was HPC Germany & Co KG, an estimated $112M sold.
Based on aggregated 13F filings for Q1 2018.