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298 hedge funds and large institutions have $3.52B invested in SAP in 2014 Q1 according to their latest regulatory filings, with 45 funds opening new positions, 114 increasing their positions, 91 reducing their positions, and 38 closing their positions.

New
Increased
Maintained
Reduced
Closed

25% more repeat investments, than reductions

Existing positions increased: 114 | Existing positions reduced: 91

18% more first-time investments, than exits

New positions opened: 45 | Existing positions closed: 38

1% more funds holding

Funds holding: 295 → 298 (+3)

0% more funds holding in top 10

Funds holding in top 10: 5 → 5 (0)

0.21% less ownership

Funds ownership: 3.73% → 3.52% (-0.21%)

12% less capital invested

Capital invested by funds: $3.99B → $3.52B (-$475M)

28% less call options, than puts

Call options by funds: $397M | Put options by funds: $550M

Holders
298
Holders Change
+3
Holders Change %
+1.02%
% of All Funds
8.61%
Holding in Top 10
5
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.14%
New
45
Increased
114
Reduced
91
Closed
38
Calls
$397M
Puts
$550M
Net Calls
-$153M
Net Calls Change
-$121M

Top Buyers

1
Renaissance Technologies
Renaissance Technologies
New York
+$34.2M
2
TIM
Thornburg Investment Management
New Mexico
+$26.2M
3
Northern Trust
Northern Trust
Illinois
+$22.3M
4
KFC
Klingenstein Fields & Co
New York
+$19.3M
5
Macquarie Group
Macquarie Group
Australia
+$18.1M

Top Sellers

1
WRF
Waddell & Reed Financial
Kansas
-$91.6M
2
Morgan Stanley
Morgan Stanley
New York
-$88.1M
3
Goldman Sachs
Goldman Sachs
New York
-$68.4M
4
WEC
White Elm Capital
Connecticut
-$50.7M
5
Bank of America
Bank of America
North Carolina
-$28.4M
Name Holding Trade Value Shares
Change 		Change in
Stake
HJGA
301
Hardman Johnston Global Advisors
Connecticut
– -$11.6M -133,631 Closed
Citadel Advisors
302
Citadel Advisors
Florida
– -$8.01M -91,883 Closed
WI
303
WBI Investments
New Jersey
– -$5.44M -62,399 Closed
EGM
304
Espalier Global Management
New York
– -$4.36M -50,000 Closed
MAM
305
Martingale Asset Management
Massachusetts
– -$3.68M -42,235 Closed
CBT
306
Central Bank & Trust
Kentucky
– -$2.57M -29,459 Closed
Balyasny Asset Management
307
Balyasny Asset Management
Illinois
– -$1.92M -21,977 Closed
JG
308
Jefferies Group
New York
– -$1.08M -12,349 Closed
SCM
309
Stevens Capital Management
Pennsylvania
– -$997K -11,445 Closed
CNAM
310
Campbell Newman Asset Management
Wisconsin
– -$844K -9,688 Closed
SI
311
Stephens Inc
Arkansas
– -$709K -8,132 Closed
TH
312
Timber Hill
Connecticut
– -$639K -8,055 Closed
GIP
313
Granite Investment Partners
California
– -$636K -7,300 Closed
FCH
314
Freestone Capital Holdings
Washington
– -$498K -5,712 Closed
AII
315
AGF Investments Inc
Ontario, Canada
– -$393K -4,500 Closed
Calamos Advisors
316
Calamos Advisors
Illinois
– -$356K -4,080 Closed
CS
317
Cannell & Spears
New York
– -$333K -3,817 Closed
STMM
318
South Texas Money Management
Texas
– -$281K -3,228 Closed
CBU
319
CIBC Bank USA
Illinois
– -$268K -3,084 Closed
ST
320
Spot Trading
Illinois
– -$230K -2,902 Closed
Cambridge Investment Research Advisors
321
Cambridge Investment Research Advisors
Iowa
– -$225K -2,581 Closed
QIM
322
Quantitative Investment Management
Virginia
– -$209K -2,400 Closed
SEC
323
Seven Eight Capital
New York
– -$131K -1,500 Closed
WAM
324
Wolverine Asset Management
Illinois
– -$113K -1,300 Closed
HF
325
Hoxton Financial
West Virginia
– -$35K -404 Closed
10 11 12
13
14

SAP Hedge Fund Activity: Q1 2014 in Review

298 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in SAP (SAP) for Q1 2014, worth a combined $3.52B — down 12% from $3.99B a quarter earlier.

Buyers outnumbered sellers: 45 funds opened new SAP positions and 38 closed out — a net gain of 7 holders — while 114 added to existing stakes and 91 trimmed.

The largest buyer was Renaissance Technologies, adding an estimated $34.2M. The largest seller was Waddell & Reed Financial, exiting entirely with an estimated $91.6M sold.

  • 298 institutional investors held SAP (SAP) as of Q1 2014, up from 295 in Q4 2013.
  • Funds reported $3.52B of SAP stock for Q1 2014, down 12% quarter-over-quarter.
  • 45 funds opened new SAP positions in Q1 2014 and 38 closed out, a net change of +7 holders.
  • The largest SAP buyer in Q1 2014 was Renaissance Technologies, an estimated $34.2M added.
  • The largest SAP seller in Q1 2014 was Waddell & Reed Financial, an estimated $91.6M sold.

Based on aggregated 13F filings for Q1 2014.