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886 hedge funds and large institutions have $19.7B invested in SAP in 2025 Q1 according to their latest regulatory filings, with 125 funds opening new positions, 289 increasing their positions, 343 reducing their positions, and 77 closing their positions.

New
Increased
Maintained
Reduced
Closed

62% more first-time investments, than exits

New positions opened: 125 | Existing positions closed: 77

25% more funds holding in top 10

Funds holding in top 10: 12 → 15 (+3)

12% more capital invested

Capital invested by funds: $17.6B → $19.7B (+$2.07B)

4% more funds holding

Funds holding: 856 → 886 (+30)

0.21% more ownership

Funds ownership: 5.74% → 5.95% (+0.21%)

16% less repeat investments, than reductions

Existing positions increased: 289 | Existing positions reduced: 343

31% less call options, than puts

Call options by funds: $242M | Put options by funds: $349M

Holders
886
Holders Change
+30
Holders Change %
+3.5%
% of All Funds
11.88%
Holding in Top 10
15
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+25%
% of All Funds
0.2%
New
125
Increased
289
Reduced
343
Closed
77
Calls
$242M
Puts
$349M
Net Calls
-$107M
Net Calls Change
-$34.3M

Top Buyers

1
Fisher Asset Management
Fisher Asset Management
Washington
+$2.15B
2
Fidelity Investments
Fidelity Investments
Massachusetts
+$235M
3
Bank of America
Bank of America
North Carolina
+$98.6M
4
Morgan Stanley
Morgan Stanley
New York
+$94.2M
5
Marshall Wace
Marshall Wace
United Kingdom
+$92.4M

Top Sellers

1
Capital International Investors
Capital International Investors
California
-$797M
2
Eagle Capital Management (New York)
Eagle Capital Management (New York)
New York
-$350M
3
ClearBridge Investments
ClearBridge Investments
New York
-$222M
4
Polen Capital Management
Polen Capital Management
Florida
-$125M
5
Connor, Clark & Lunn Investment Management (CC&L)
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
-$107M
Name Holding Trade Value Shares
Change 		Change in
Stake
Walleye Capital
301
Walleye Capital
New York
$1.51M +$1.53M +5,618 New
CC
302
Callan Capital
California
$1.51M +$116K +426 +8%
PA
303
Profund Advisors
Maryland
$1.49M +$527K +1,935 +54%
ADL
304
Asset Dedication LLC
California
$1.49M -$254K -933 -14%
HTC
305
Haverford Trust Company
Pennsylvania
$1.48M +$1.91K +7 +0.1%
DA
306
Denali Advisors
California
$1.47M +$716K +2,629 +92%
PA
307
Pinnacle Associates
New York
$1.47M +$145K +532 +11%
PAG
308
Private Advisor Group
New Jersey
$1.46M +$177K +650 +14%
NFA
309
Northern Financial Advisors
Michigan
$1.46M -$27.2K -100 -2%
CCM
310
Coldstream Capital Management
Washington
$1.45M -$13.3K -49 -0.9%
Lido Advisors
311
Lido Advisors
California
$1.44M +$160K +586 +12%
CNBT
312
Canandaigua National Bank & Trust
New York
$1.43M -$3.54K -13 -0.2%
IC
313
Iconiq Capital
California
$1.39M +$214K +787 +18%
LM
314
Lincluden Management
Ontario, Canada
$1.39M -$61.3K -225 -4%
GT
315
Greenleaf Trust
Michigan
$1.39M +$34.6K +127 +3%
CIBC Private Wealth Group
316
CIBC Private Wealth Group
Georgia
$1.37M +$938K +3,442 +148%
BA
317
Bridgewater Advisors
New York
$1.37M +$1.27M +4,671 New
NEI
318
Northwest & Ethical Investments
Ontario, Canada
$1.36M +$437K +1,606 +45%
FAIM
319
Financial Advocates Investment Management
Washington
$1.35M -$19.9K -73 -1%
LA
320
LVW Advisors
New York
$1.33M -$482K -1,770 -26%
SC
321
Syon Capital
California
$1.33M +$104K +381 +8%
MPPW
322
Mitchell & Pahl Private Wealth
Oklahoma
$1.31M -$71.9K -264 -5%
GI
323
GAMMA Investing
California
$1.31M +$190K +698 +17%
OIA
324
OneDigital Investment Advisors
Kansas
$1.3M -$58K -213 -4%
IB
325
Intrust Bank
Kansas
$1.3M +$43.9K +161 +3%
11 12
13
14 15

SAP Hedge Fund Activity: Q1 2025 in Review

886 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in SAP (SAP) for Q1 2025, worth a combined $19.7B — up 12% from $17.6B a quarter earlier.

Buyers outnumbered sellers: 125 funds opened new SAP positions and 77 closed out — a net gain of 48 holders — while 289 added to existing stakes and 343 trimmed.

The largest buyer was Fisher Asset Management, adding an estimated $2.15B. The largest seller was Capital International Investors, cutting an estimated $797M.

  • 886 institutional investors held SAP (SAP) as of Q1 2025, up from 856 in Q4 2024.
  • Funds reported $19.7B of SAP stock for Q1 2025, up 12% quarter-over-quarter.
  • 125 funds opened new SAP positions in Q1 2025 and 77 closed out, a net change of +48 holders.
  • The largest SAP buyer in Q1 2025 was Fisher Asset Management, an estimated $2.15B added.
  • The largest SAP seller in Q1 2025 was Capital International Investors, an estimated $797M sold.

Based on aggregated 13F filings for Q1 2025.