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
DADC
426
D.A. Davidson & Co
Montana
$769K
FA
427
FDx Advisors
Illinois
$768K
RCAG
428
Rehmann Capital Advisory Group
Michigan
$767K
CB
429
Commerce Bank
Missouri
$765K
FTA
430
Financial & Tax Architects
Missouri
$764K
CMI
431
Clare Market Investments
Texas
$759K
SWP
432
Stratos Wealth Partners
Ohio
$758K
SFS
433
Sowell Financial Services
Arkansas
$755K
BWCS
434
Beirne Wealth Consulting Services
Connecticut
$742K
Mitsubishi UFJ Asset Management
435
Mitsubishi UFJ Asset Management
Japan
$735K
FFL
436
Future Fund LLC
Illinois
$735K
PGFC
437
Peapack-Gladstone Financial Corp
New Jersey
$734K
DI
438
Diligent Investors
California
$732K
TAM
439
Tocqueville Asset Management
New York
$721K
LCGC
440
Legacy Capital Group California
California
$713K
AC
441
Avestar Capital
New York
$712K
Vontobel Holding
442
Vontobel Holding
Switzerland
$704K
Verition Fund Management
443
Verition Fund Management
Connecticut
$701K
PFA
444
Pure Financial Advisors
California
$700K
BPA
445
Beacon Pointe Advisors
California
$691K
ATC
446
Argent Trust Co
Tennessee
$690K
FDP
447
Financiere des Professionnels
Quebec, Canada
$686K
DT
448
Diversified Trust
Tennessee
$681K
SA
449
Sovran Advisors
California
$681K
MOS
450
MGO One Seven
Ohio
$673K