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
HSA
451
HBK Sorce Advisory
Pennsylvania
$666K
EWA
452
EverSource Wealth Advisors
Alabama
$663K
SL
453
Summitry LLC
California
$659K
RS
454
R Squared
Hong Kong
$657K
AWAU
455
Alliance Wealth Advisors (Utah)
Utah
$655K
BG
456
Bahl & Gaynor
Ohio
$650K
BWM
457
BKM Wealth Management
Wisconsin
$641K
APWM
458
Argonautica Private Wealth Management
Massachusetts
$640K
GCM
459
Gallacher Capital Management
Colorado
$639K
SFFS
460
Stonehage Fleming Financial Services
Jersey
$636K
OC
461
Oppenheimer & Co
New York
$623K
SGA
462
Strategic Global Advisors
California
$622K
JSW
463
Journey Strategic Wealth
New Jersey
$622K
BFG
464
Birch Financial Group
New Hampshire
$619K
AHL
465
Abel Hall LLC
Louisiana
$617K
BBHC
466
Brown Brothers Harriman & Co
New York
$614K
PHIC
467
Pine Haven Investment Counsel
Massachusetts
$611K
NS
468
NBC Securities
Alabama
$610K
SI
469
Stephens Inc
Arkansas
$604K
PI
470
PFG Investments
New York
$597K
YIH
471
Y-Intercept (HK)
Hong Kong
$587K
AA
472
ABC Arbitrage
France
$587K
SMA
473
Seven Mile Advisory
New Jersey
$585K
Walleye Capital
474
Walleye Capital
New York
$584K
WS
475
Wedbush Securities
California
$581K