833 hedge funds and large institutions have $14.8B invested in SAP in 2026 Q1 according to their latest regulatory filings, with 96 funds opening new positions, 335 increasing their positions, 290 reducing their positions, and 168 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: $ → $

28% less call options, than puts

Call options by funds: $296M | Put options by funds: $410M

43% less first-time investments, than exits

New positions opened: 96 | Existing positions closed: 168

50% less funds holding in top 10

Funds holding in top 10: 147 (-7)

Holders
833
Holders Change
Holders Change %
% of All Funds
Holding in Top 10
7
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
Increased
Reduced
Closed
Calls
$296M
Puts
$410M
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Principal Financial Group
26
Principal Financial Group
Iowa
$94.3M
Connor, Clark & Lunn Investment Management (CC&L)
27
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$91.4M
Voloridge Investment Management
28
Voloridge Investment Management
Florida
$89.2M
SGA
29
Sustainable Growth Advisers
Connecticut
$81.2M
BIP
30
Brandes Investment Partners
California
$79.7M
CCM
31
Causeway Capital Management
California
$78.1M
MMH
32
Menora Mivtachim Holdings
Israel
$77.7M
Two Sigma Investments
33
Two Sigma Investments
New York
$76.3M
Brown Advisory
34
Brown Advisory
Maryland
$73.1M
TD Asset Management
35
TD Asset Management
Ontario, Canada
$65.1M
CIC
36
Crawford Investment Counsel
Georgia
$63.9M
HL
37
Harding Loevner
New Jersey
$61.5M
Citadel Advisors
38
Citadel Advisors
Florida
$58.1M
CBU
39
CIBC Bancorp USA
Illinois
$54.9M
DSA
40
Davis Selected Advisers
Arizona
$54.3M
AF
41
Aviso Financial
Ontario, Canada
$51.1M
Natixis Advisors
42
Natixis Advisors
Massachusetts
$47.6M
Massachusetts Financial Services
43
Massachusetts Financial Services
Massachusetts
$47.4M
First Trust Advisors
44
First Trust Advisors
Illinois
$45.7M
Hotchkis & Wiley Capital Management
45
Hotchkis & Wiley Capital Management
California
$43.9M
NOCM
46
Night Owl Capital Management
Connecticut
$42.6M
Raymond James Financial
47
Raymond James Financial
Florida
$42.2M
Bank of New York Mellon
48
Bank of New York Mellon
New York
$38.8M
Marshall Wace
49
Marshall Wace
United Kingdom
$33.8M
AT
50
AMF Tjänstepension
Sweden
$33.5M