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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
Raymond James Financial
26
Raymond James Financial
Florida
$119M -$15.4M -53,838 -12%
Principal Financial Group
27
Principal Financial Group
Iowa
$118M -$1.66M -5,810 -1%
CIC
28
Crawford Investment Counsel
Georgia
$110M -$4.83M -16,847 -4%
Sands Capital Management
29
Sands Capital Management
Virginia
$88M +$19M +66,354 +30%
OCM
30
Oribel Capital Management
New York
$86.8M +$81.8M +285,500 New
AF
31
Aviso Financial
Ontario, Canada
$84.9M -$12M -41,747 -13%
Lazard Asset Management
32
Lazard Asset Management
New York
$83.4M -$1.7M -5,919 -2%
Bank of New York Mellon
33
Bank of New York Mellon
New York
$83.2M -$5.6M -19,539 -7%
First Trust Advisors
34
First Trust Advisors
Illinois
$81.1M -$8.51M -29,712 -10%
Bank of Montreal
35
Bank of Montreal
Ontario, Canada
$78.5M -$4.79M -16,715 -6%
NOCM
36
Night Owl Capital Management
Connecticut
$73.9M +$2.04M +7,125 +3%
Neuberger Berman Group
37
Neuberger Berman Group
New York
$73.3M -$6.2M -21,648 -8%
Jennison Associates
38
Jennison Associates
New York
$67.3M +$41.9M +146,325 +195%
SEI Investments
39
SEI Investments
Pennsylvania
$60.9M +$1.33M +4,647 +2%
NA
40
NewEdge Advisors
Louisiana
$57.6M -$851K -2,968 -2%
MCM
41
Marsico Capital Management
Colorado
$54M +$1.16M +4,050 +2%
Massachusetts Financial Services
42
Massachusetts Financial Services
Massachusetts
$52.6M +$4.43M +15,451 +10%
TA
43
Trivest Advisors
Hong Kong
$52.3M +$49.3M +172,000 New
BCM
44
Becker Capital Management
Oregon
$51.6M -$563K -1,965 -1%
UBS Group
45
UBS Group
Switzerland
$51.2M -$52.8M -184,355 -52%
Arrowstreet Capital
46
Arrowstreet Capital
Massachusetts
$50.5M -$94.9M -331,193 -67%
VOYA Investment Management
47
VOYA Investment Management
Georgia
$49.3M +$46.5M +162,140 New
US Bancorp
48
US Bancorp
Minnesota
$46.1M +$4.79M +16,726 +12%
MVIP
49
Mar Vista Investment Partners
California
$44.8M -$9.17M -31,990 -18%
Manulife (Manufacturers Life Insurance)
50
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$44.8M -$2.78M -9,695 -6%

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.