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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
GWM
551
Geneos Wealth Management
Colorado
$528K -$61K -213 -11%
FOA
552
Five Oceans Advisors
California
$525K
EH
553
Equitable Holdings
New York
$521K +$185K +647 +61%
WS
554
Wedbush Securities
California
$520K -$9.46K -33 -2%
JIC
555
Joel Isaacson & Co
New York
$519K
MAM
556
MMA Asset Management
Pennsylvania
$517K -$361K -1,260 -43%
BCM
557
Barometer Capital Management
Ontario, Canada
$517K +$172K +600 +55%
DCM
558
DGS Capital Management
New Jersey
$515K -$8.88K -31 -2%
FPAS
559
Focus Partners Advisor Solutions
Missouri
$513K +$94.6K +330 +24%
PHS
560
Pekin Hardy Strauss
Illinois
$512K +$483K +1,685 New
AWM
561
Aprio Wealth Management
Georgia
$512K -$52.4K -183 -10%
BC
562
Bridgefront Capital
Texas
$512K +$482K +1,683 New
WPW
563
Warther Private Wealth
Ohio
$506K -$13.5K -47 -3%
HNW
564
High Note Wealth
Minnesota
$497K
CP
565
Canopy Partners
Ohio
$494K -$2.58K -9 -0.6%
ATIA
566
American Trust Investment Advisors
New Hampshire
$493K
MIM
567
Merrion Investment Management
New Jersey
$493K
HCA
568
Harbour Capital Advisors
Virginia
$492K +$473K +1,650 New
AA
569
Addison Advisors
Vermont
$489K +$573 +2 +0.1%
X
570
Xponance
Pennsylvania
$488K +$7.45K +26 +2%
AC
571
AlphaCore Capital
California
$487K +$459K +1,602 New
KPWS
572
Kestra Private Wealth Services
Texas
$481K -$2.01K -7 -0.4%
CAMG
573
CWA Asset Management Group
Florida
$479K +$86.5K +302 +24%
PNC
574
Park National Corp
Ohio
$478K -$22.9K -80 -5%
NS
575
NBC Securities
Alabama
$476K +$100K +349 +29%

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.