833 hedge funds and large institutions have $14.8B invested in SAP in 2026 Q1 according to their latest regulatory filings, with 96 funds opening new positions, 335 increasing their positions, 290 reducing their positions, and 168 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: $ → $

28% less call options, than puts

Call options by funds: $296M | Put options by funds: $410M

43% less first-time investments, than exits

New positions opened: 96 | Existing positions closed: 168

50% less funds holding in top 10

Funds holding in top 10: 147 (-7)

Holders
833
Holders Change
Holders Change %
% of All Funds
Holding in Top 10
7
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
Increased
Reduced
Closed
Calls
$296M
Puts
$410M
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
GF
351
Gabelli Funds
New York
$770K
Fiera Capital (Canada)
352
Fiera Capital (Canada)
Quebec, Canada
$759K
HT
353
Headlands Technologies
Illinois
$759K
FCP
354
Fidelis Capital Partners
Florida
$758K
VCM
355
Versant Capital Management
Arizona
$757K
PA
356
Profund Advisors
Maryland
$746K
Carson Wealth (CWM LLC)
357
Carson Wealth (CWM LLC)
Nebraska
$744K
COI
358
Connable Office Inc
Michigan
$735K
ATIA
359
American Trust Investment Advisors
New Hampshire
$723K
KF
360
Krilogy Financial
Missouri
$716K
IB
361
Intrust Bank
Kansas
$713K
NEI
362
Northwest & Ethical Investments
Ontario, Canada
$712K
NS
363
NBC Securities
Alabama
$704K
AC
364
AXQ Capital
New Jersey
$697K
SW
365
SlateStone Wealth
Florida
$696K
GSEP
366
Golden State Equity Partners
California
$695K
AP
367
Americana Partners
Texas
$692K
Ohio Public Employees Retirement System (OPERS)
368
Ohio Public Employees Retirement System (OPERS)
Ohio
$685K
BWM
369
BKM Wealth Management
Wisconsin
$681K
BA
370
Bridgewater Advisors
New York
$675K
CNC
371
Canandaigua National Corp
New York
$673K
FIM
372
FWL Investment Management
Texas
$669K
PSP
373
Principal Street Partners
Tennessee
$668K
LSA
374
Leonteq Securities AG
Switzerland
$667K
HIM
375
Harbour Investment Management
Washington
$661K