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
DWA
301
Dorsey Wright & Associates
California
$1.78M
WFI
302
West Family Investments
California
$1.74M
PAM
303
Paradigm Asset Management
New York
$1.74M
DG
304
DMC Group
Alabama
$1.72M
CCA
305
Checchi Capital Advisers
California
$1.7M
PA
306
Parallel Advisors
California
$1.7M
BTW
307
Boston Trust Walden
Massachusetts
$1.69M
AAP
308
Arax Advisory Partners
Colorado
$1.66M
XT
309
XTX Topco
Cayman Islands
$1.64M
PWPS
310
Pinnacle Wealth Planning Services
Ohio
$1.64M
COI
311
Connable Office Inc
Michigan
$1.63M
SSA
312
Schonfeld Strategic Advisors
New York
$1.62M
PVM
313
Palogic Value Management
Texas
$1.61M
FA
314
Fiduciary Alliance
South Carolina
$1.58M
SP
315
Stablepoint Partners
Massachusetts
$1.58M
PWG
316
Portside Wealth Group
Utah
$1.57M
GM
317
GeoWealth Management
Illinois
$1.57M
CP
318
Covenant Partners
Tennessee
$1.54M
FLFS
319
Family Legacy Financial Solutions
North Carolina
$1.54M
ASN
320
Advisory Services Network
Georgia
$1.54M
MAM
321
Madison Asset Management
Wisconsin
$1.53M
CAG
322
Cypress Advisory Group
Arizona
$1.53M
Calamos Advisors
323
Calamos Advisors
Illinois
$1.52M
IWC
324
Integrated Wealth Concepts
Massachusetts
$1.51M
Bank of Nova Scotia
325
Bank of Nova Scotia
Ontario, Canada
$1.49M