909 hedge funds and large institutions have $19.3B invested in SAP in 2025 Q3 according to their latest regulatory filings, with 110 funds opening new positions, 331 increasing their positions, 327 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: 110 | Existing positions closed: 135

27% less funds holding in top 10

Funds holding in top 10: 1511 (-4)

Holders
909
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
MHC
401
May Hill Capital
Massachusetts
$909K
JAG
402
Journey Advisory Group
Kentucky
$904K
HCMG
403
Howard Capital Management Group
California
$902K
Janus Henderson Group
404
Janus Henderson Group
United Kingdom
$900K
AA
405
ALPS Advisors
Colorado
$899K
OL
406
Optas LLC
Texas
$869K
SC
407
Savant Capital
Illinois
$867K
CWM
408
Cordatus Wealth Management
Pennsylvania
$865K
DA
409
Denali Advisors
California
$850K
SPIA
410
Steward Partners Investment Advisory
New York
$842K
CIS
411
Custom Index Systems
New York
$830K
MFIM
412
Mesirow Financial Investment Management
Illinois
$829K
USCWA
413
U.S. Capital Wealth Advisors
Texas
$828K
IAS
414
Insigneo Advisory Services
Florida
$816K
ETC
415
Exchange Traded Concepts
Oklahoma
$815K
FWM
416
ForthRight Wealth Management
Georgia
$812K
BJL
417
Brighton Jones LLC
Washington
$801K
RBFC
418
Roman Butler Fullerton & Co
Missouri
$792K
Millennium Management
419
Millennium Management
New York
$791K
Group One Trading
420
Group One Trading
Illinois
$788K
SCP
421
Sivia Capital Partners
California
$779K
NEI
422
Northwest & Ethical Investments
Ontario, Canada
$775K
DADC
423
D.A. Davidson & Co
Montana
$769K
FA
424
FDx Advisors
Illinois
$768K
RCAG
425
Rehmann Capital Advisory Group
Michigan
$767K