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
Toronto Dominion Bank
501
Toronto Dominion Bank
Ontario, Canada
$529K
HSBC Holdings
502
HSBC Holdings
United Kingdom
$529K
CWM
503
Circle Wealth Management
New Jersey
$527K
AWM
504
Aprio Wealth Management
Georgia
$527K
SI
505
Seeds Investor
New York
$524K
CI
506
CX Institutional
Indiana
$524K
QIM
507
Quantitative Investment Management
Virginia
$514K
CH
508
Cromwell Holdings
Wyoming
$514K
LSA
509
Lansing Street Advisors
Pennsylvania
$512K
CIA
510
Choate Investment Advisors
Massachusetts
$502K
MMA
511
Miracle Mile Advisors
California
$500K
RMDI
512
R.M. Davis Inc
Maine
$497K
FWA
513
FSM Wealth Advisors
Ohio
$496K
GSEP
514
Golden State Equity Partners
California
$494K
Luther King Capital Management (LKCM)
515
Luther King Capital Management (LKCM)
Texas
$491K
EH
516
Equitable Holdings
New York
$491K
NP
517
Ninepoint Partners
Ontario, Canada
$488K
IWM
518
IHT Wealth Management
Illinois
$486K
X
519
Xponance
Pennsylvania
$485K
GQG Partners
520
GQG Partners
Florida
$483K
CC
521
Centiva Capital
New York
$483K
FTWA
522
Fifth Third Wealth Advisors
Ohio
$480K
MCM
523
Mengis Capital Management
Oregon
$480K
EWM
524
Empirical Wealth Management
Washington
$477K
SAM
525
S.A. Mason
Michigan
$474K