917 hedge funds and large institutions have $19.3B invested in SAP in 2025 Q3 according to their latest regulatory filings, with 109 funds opening new positions, 334 increasing their positions, 332 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: 109 | Existing positions closed: 135

27% less funds holding in top 10

Funds holding in top 10: 1511 (-4)

Holders
917
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
Deutsche Bank
301
Deutsche Bank
Germany
$1.83M
DWA
302
Dorsey Wright & Associates
California
$1.78M
WFI
303
West Family Investments
California
$1.74M
PAM
304
Paradigm Asset Management
New York
$1.74M
DG
305
DMC Group
Alabama
$1.72M
CCA
306
Checchi Capital Advisers
California
$1.7M
PA
307
Parallel Advisors
California
$1.7M
BTW
308
Boston Trust Walden
Massachusetts
$1.69M
AAP
309
Arax Advisory Partners
Colorado
$1.66M
HIM
310
Harbour Investment Management
Washington
$1.65M
XT
311
XTX Topco
Cayman Islands
$1.64M
PWPS
312
Pinnacle Wealth Planning Services
Ohio
$1.64M
COI
313
Connable Office Inc
Michigan
$1.63M
SSA
314
Schonfeld Strategic Advisors
New York
$1.62M
PVM
315
Palogic Value Management
Texas
$1.61M
FA
316
Fiduciary Alliance
South Carolina
$1.58M
SP
317
Stablepoint Partners
Massachusetts
$1.58M
PWG
318
Portside Wealth Group
Utah
$1.57M
GM
319
GeoWealth Management
Illinois
$1.57M
CP
320
Covenant Partners
Tennessee
$1.54M
FLFS
321
Family Legacy Financial Solutions
North Carolina
$1.54M
ASN
322
Advisory Services Network
Georgia
$1.54M
MAM
323
Madison Asset Management
Wisconsin
$1.53M
CAG
324
Cypress Advisory Group
Arizona
$1.53M
Calamos Advisors
325
Calamos Advisors
Illinois
$1.52M