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968 hedge funds and large institutions have $21.9B invested in SAP in 2025 Q2 according to their latest regulatory filings, with 164 funds opening new positions, 337 increasing their positions, 335 reducing their positions, and 67 closing their positions.

New
Increased
Maintained
Reduced
Closed

145% more first-time investments, than exits

New positions opened: 164 | Existing positions closed: 67

11% more capital invested

Capital invested by funds: $19.7B → $21.9B (+$2.17B)

9% more funds holding

Funds holding: 886968 (+82)

1% more repeat investments, than reductions

Existing positions increased: 337 | Existing positions reduced: 335

0% more funds holding in top 10

Funds holding in top 10: 1515 (0)

0.09% less ownership

Funds ownership: 5.95%5.85% (-0.09%)

3% less call options, than puts

Call options by funds: $325M | Put options by funds: $334M

Holders
968
Holders Change
+82
Holders Change %
+9.26%
% of All Funds
12.75%
Holding in Top 10
15
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.2%
New
164
Increased
337
Reduced
335
Closed
67
Calls
$325M
Puts
$334M
Net Calls
-$9.25M
Net Calls Change
+$98.2M
Name Holding Trade Value Shares
Change
Change in
Stake
Janus Henderson Group
376
Janus Henderson Group
United Kingdom
$1.27M +$517K +1,803 +76%
ET
377
Entropy Technologies
New York
$1.27M +$1.2M +4,182 New
LI
378
Louisbourg Investments
New Brunswick, Canada
$1.27M
N
379
Natixis
France
$1.27M +$1.2M +4,189 New
CGL
380
Clarius Group LLC
Washington
$1.25M +$22.6K +79 +2%
MAM
381
Morse Asset Management
Connecticut
$1.25M +$479K +1,671 +68%
FFA
382
Farther Finance Advisors
California
$1.23M +$327K +1,141 +39%
SIM
383
Seaview Investment Managers
Florida
$1.23M +$1.15M +4,030 New
MWM
384
Modera Wealth Management
New Jersey
$1.22M +$47K +164 +4%
Ohio Public Employees Retirement System (OPERS)
385
Ohio Public Employees Retirement System (OPERS)
Ohio
$1.22M -$21.1M -73,646 -95%
NG
386
Norden Group
Utah
$1.21M -$60.2K -210 -5%
KCM
387
Kathmere Capital Management
Pennsylvania
$1.21M -$9.17K -32 -0.8%
SW
388
SlateStone Wealth
Florida
$1.2M
WA
389
Wealth Alliance
New York
$1.2M -$161K -561 -12%
AG
390
Ascent Group
Virginia
$1.19M -$72.5K -253 -6%
HTC
391
Haverford Trust Company
Pennsylvania
$1.19M -$463K -1,617 -29%
IQI
392
Integrated Quantitative Investments
Washington
$1.19M +$1.12M +3,904 New
BPA
393
Beacon Pointe Advisors
California
$1.18M -$99.4K -347 -8%
AWM
394
AE Wealth Management
Kansas
$1.18M +$267K +933 +32%
TRCT
395
Tower Research Capital (TRC)
New York
$1.17M +$1.1M +3,830 +18,238%
CIA
396
Concurrent Investment Advisors
Florida
$1.17M +$173K +604 +19%
BF
397
Brucke Financial
Indiana
$1.17M -$2.01K -7 -0.2%
PC
398
Permanens Capital
New York
$1.17M +$194K +677 +21%
STA
399
Summit Trail Advisors
New York
$1.14M +$1.08M +3,755 New
WIA
400
World Investment Advisors
California
$1.14M +$414K +1,443 +63%

SAP Hedge Fund Activity: Q2 2025 in Review

968 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in SAP (SAP) for Q2 2025, worth a combined $21.9B — up 11% from $19.7B a quarter earlier.

Buyers outnumbered sellers: 164 funds opened new SAP positions and 67 closed out — a net gain of 97 holders — while 337 added to existing stakes and 335 trimmed.

The largest buyer was Fisher Asset Management, adding an estimated $333M. The largest seller was Capital International Investors, cutting an estimated $926M.

  • 968 institutional investors held SAP (SAP) as of Q2 2025, up from 886 in Q1 2025.
  • Funds reported $21.9B of SAP stock for Q2 2025, up 11% quarter-over-quarter.
  • 164 funds opened new SAP positions in Q2 2025 and 67 closed out, a net change of +97 holders.
  • The largest SAP buyer in Q2 2025 was Fisher Asset Management, an estimated $333M added.
  • The largest SAP seller in Q2 2025 was Capital International Investors, an estimated $926M sold.

Based on aggregated 13F filings for Q2 2025.