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
SWP
401
Sagespring Wealth Partners
Tennessee
$919K
LMIM
402
Lockheed Martin Investment Management
Maryland
$914K
MHC
403
May Hill Capital
Massachusetts
$909K
JAG
404
Journey Advisory Group
Kentucky
$904K
HCMG
405
Howard Capital Management Group
California
$902K
Janus Henderson Group
406
Janus Henderson Group
United Kingdom
$900K
AA
407
ALPS Advisors
Colorado
$899K
OL
408
Optas LLC
Texas
$869K
SC
409
Savant Capital
Illinois
$867K
CWM
410
Cordatus Wealth Management
Pennsylvania
$865K
DA
411
Denali Advisors
California
$850K
SPIA
412
Steward Partners Investment Advisory
New York
$842K
CIS
413
Custom Index Systems
New York
$830K
MFIM
414
Mesirow Financial Investment Management
Illinois
$829K
USCWA
415
U.S. Capital Wealth Advisors
Texas
$828K
IAS
416
Insigneo Advisory Services
Florida
$816K
ETC
417
Exchange Traded Concepts
Oklahoma
$815K
KP
418
Keel Point
Alabama
$814K
FWM
419
ForthRight Wealth Management
Georgia
$812K
BJL
420
Brighton Jones LLC
Washington
$801K
RBFC
421
Roman Butler Fullerton & Co
Missouri
$792K
Millennium Management
422
Millennium Management
New York
$791K
Group One Trading
423
Group One Trading
Illinois
$788K
SCP
424
Sivia Capital Partners
California
$779K
NEI
425
Northwest & Ethical Investments
Ontario, Canada
$775K