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295 hedge funds and large institutions have $3.99B invested in SAP in 2013 Q4 according to their latest regulatory filings, with 50 funds opening new positions, 113 increasing their positions, 93 reducing their positions, and 36 closing their positions.

New
Increased
Maintained
Reduced
Closed

39% more first-time investments, than exits

New positions opened: 50 | Existing positions closed: 36

22% more repeat investments, than reductions

Existing positions increased: 113 | Existing positions reduced: 93

16% more capital invested

Capital invested by funds: $3.43B → $3.99B (+$563M)

4% more funds holding

Funds holding: 284 → 295 (+11)

0% more funds holding in top 10

Funds holding in top 10: 5 → 5 (0)

0.05% less ownership

Funds ownership: 3.78% → 3.73% (-0.05%)

33% less call options, than puts

Call options by funds: $65.1M | Put options by funds: $96.4M

Holders
295
Holders Change
+11
Holders Change %
+3.87%
% of All Funds
8.56%
Holding in Top 10
5
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.15%
New
50
Increased
113
Reduced
93
Closed
36
Calls
$65.1M
Puts
$96.4M
Net Calls
-$31.4M
Net Calls Change
+$7.23M

Top Buyers

1
WRF
Waddell & Reed Financial
Kansas
+$83.6M
2
HL
Harding Loevner
New Jersey
+$53.2M
3
FAM
Fred Alger Management
New York
+$34.6M
4
JP Morgan Chase
JP Morgan Chase
New York
+$21.8M
5
Macquarie Group
Macquarie Group
Australia
+$19.6M

Top Sellers

1
DCP
DSM Capital Partners
Florida
-$91M
2
TIM
Thornburg Investment Management
New Mexico
-$43.2M
3
BC
Balestra Capital
New York
-$36.4M
4
Goldman Sachs
Goldman Sachs
New York
-$22.3M
5
VKH
Virtu KCG Holdings
New York
-$21.8M
Name Holding Trade Value Shares
Change 		Change in
Stake
STC
301
SEI Trust Company
Pennsylvania
– -$8.44M -114,234 Closed
FTUS
302
Flow Traders U.S.
New York
– -$8.15M -110,332 Closed
Allianz Asset Management
303
Allianz Asset Management
Germany
– -$7.28M -98,475 Closed
TAM
304
Todd Asset Management
Kentucky
– -$6M -81,152 Closed
TRSOTSOK
305
Teachers Retirement System of the State of Kentucky
Kentucky
– -$5.91M -80,000 Closed
FNYS
306
First New York Securities
New York
– -$4.36M -59,000 Closed
EA
307
Euclid Advisors
Connecticut
– -$2.99M -40,400 Closed
Millennium Management
308
Millennium Management
New York
– -$2.23M -30,173 Closed
FI
309
FCM Investments
Texas
– -$2.12M -28,700 Closed
DCM
310
Driehaus Capital Management
Illinois
– -$1.41M -19,117 Closed
CA
311
Commerzbank Aktiengesellschaft
Germany
– -$1.35M -18,236 Closed
Walleye Trading
312
Walleye Trading
New York
– -$1.41M -17,710 Closed
WIS
313
Wright Investors Service
Connecticut
– -$1.1M -14,830 Closed
Capital Fund Management (CFM)
314
Capital Fund Management (CFM)
France
– -$995K -13,455 Closed
HGI
315
Hansberger Global Investors
Florida
– -$979K -13,243 Closed
PCM
316
Prelude Capital Management
New York
– -$825K -11,162 Closed
FSA
317
Franklin Street Advisors
North Carolina
– -$786K -10,636 Closed
HCMT
318
Highland Capital Management (Texas)
Texas
– -$589K -7,946 Closed
MSU
319
Maple Securities USA
New Jersey
– -$374K -5,056 Closed
TA
320
TBP Advisors
New York
– -$355K -4,800 Closed
QT
321
Quantbot Technologies
New York
– -$339K -4,589 Closed
HCM
322
Herndon Capital Management
Georgia
– -$243K -3,287 Closed
CPS
323
Counsel Portfolio Services
Ontario, Canada
– -$214 -2,900 Closed
OH
324
Orbis Holdings
Bermuda
– -$76K -1,024 Closed
PP
325
Palladium Partners
Virginia
– -$26K -350 Closed
10 11 12
13
14

SAP Hedge Fund Activity: Q4 2013 in Review

295 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in SAP (SAP) for Q4 2013, worth a combined $3.99B — up 16% from $3.43B a quarter earlier.

Buyers outnumbered sellers: 50 funds opened new SAP positions and 36 closed out — a net gain of 14 holders — while 113 added to existing stakes and 93 trimmed.

The largest buyer was Waddell & Reed Financial, opening a new position worth an estimated $83.6M. The largest seller was DSM Capital Partners, cutting an estimated $91M.

  • 295 institutional investors held SAP (SAP) as of Q4 2013, up from 284 in Q3 2013.
  • Funds reported $3.99B of SAP stock for Q4 2013, up 16% quarter-over-quarter.
  • 50 funds opened new SAP positions in Q4 2013 and 36 closed out, a net change of +14 holders.
  • The largest SAP buyer in Q4 2013 was Waddell & Reed Financial, an estimated $83.6M added.
  • The largest SAP seller in Q4 2013 was DSM Capital Partners, an estimated $91M sold.

Based on aggregated 13F filings for Q4 2013.