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, 333 increasing their positions, 333 reducing their positions, and 135 closing their positions.

New
Increased
Maintained
Reduced
Closed

more ownership

Funds ownership:

more repeat investments, than reductions

Existing positions increased: | Existing positions reduced:

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
IWC
326
Integrated Wealth Concepts
Massachusetts
$1.51M
Bank of Nova Scotia
327
Bank of Nova Scotia
Ontario, Canada
$1.49M
ADL
328
Asset Dedication LLC
California
$1.49M
FC
329
FORA Capital
Florida
$1.46M
GWMR
330
GC Wealth Management RIA
Massachusetts
$1.46M
AC
331
AlphaCore Capital
California
$1.46M
GI
332
GAMMA Investing
California
$1.45M
NFA
333
Northern Financial Advisors
Michigan
$1.44M
SC
334
Syon Capital
California
$1.44M
PA
335
Pinnacle Associates
New York
$1.42M
CGPCS
336
Capital Group Private Client Services
California
$1.42M
Cambridge Investment Research Advisors
337
Cambridge Investment Research Advisors
Iowa
$1.41M
PAG
338
Private Advisor Group
New Jersey
$1.41M
AP
339
Advisors Preferred
Maryland
$1.4M
JIC
340
Johnson Investment Counsel
Ohio
$1.38M
CCIA
341
Campbell & Co Investment Adviser
Maryland
$1.36M
Daiwa Securities Group
342
Daiwa Securities Group
Japan
$1.36M
CIM
343
Confluence Investment Management
Missouri
$1.35M
HAG
344
HighPoint Advisor Group
Illinois
$1.35M
MWM
345
Modern Wealth Management
Kansas
$1.34M
FFA
346
Farther Finance Advisors
California
$1.32M
IB
347
Intrust Bank
Kansas
$1.32M
Jones Financial Companies
348
Jones Financial Companies
Missouri
$1.32M
GT
349
Greenleaf Trust
Michigan
$1.32M
ARG
350
Advisory Resource Group
Oklahoma
$1.32M