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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
CWM
426
Cordatus Wealth Management
Pennsylvania
$982K -$22.9K -80 -2%
KP
427
Keel Point
Alabama
$959K +$146K +508 +19%
FA
428
FDx Advisors
Illinois
$954K -$23.8K -83 -3%
CIS
429
Custom Index Systems
New York
$943K +$107K +375 +14%
BJL
430
Brighton Jones LLC
Washington
$939K +$138K +482 +19%
HW
431
Hancock Whitney
Mississippi
$937K -$190K -662 -18%
JAG
432
Journey Advisory Group
Kentucky
$936K +$882K +3,079 New
SCP
433
Sivia Capital Partners
California
$928K +$19.8K +69 +2%
FWM
434
ForthRight Wealth Management
Georgia
$924K +$871K +3,039 New
CPBTD
435
Central Pacific Bank - Trust Division
Hawaii
$920K +$867K +3,024 New
PGFC
436
Peapack-Gladstone Financial Corp
New Jersey
$919K +$31.8K +111 +4%
Bank of Nova Scotia
437
Bank of Nova Scotia
Ontario, Canada
$916K +$86K +300 +11%
MFIM
438
Mesirow Financial Investment Management
Illinois
$906K -$71.1K -248 -8%
AWAU
439
Alliance Wealth Advisors (Utah)
Utah
$904K -$27.8K -97 -3%
EWA
440
EP Wealth Advisors
California
$899K +$118K +411 +16%
DADC
441
D.A. Davidson & Co
Montana
$892K +$71.9K +251 +9%
CMI
442
Clare Market Investments
Texas
$876K +$252K +880 +44%
AA
443
ALPS Advisors
Colorado
$859K -$125K -436 -13%
SFFS
444
Stonehage Fleming Financial Services
Jersey
$842K
CB
445
Commerce Bank
Missouri
$834K +$573 +2 +0.1%
BFG
446
Birch Financial Group
New Hampshire
$833K -$111K -387 -12%
DI
447
Diligent Investors
California
$833K +$19.5K +68 +3%
MOS
448
MGO One Seven
Ohio
$832K -$99.4K -347 -11%
PFA
449
Pure Financial Advisors
California
$831K +$296K +1,033 +61%
SWP
450
Stratos Wealth Partners
Ohio
$827K -$37.3K -130 -5%

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.