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
KOCAA
576
Knights of Columbus Asset Advisors
Connecticut
$375K
BTWM
577
Baker Tilly Wealth Management
Wisconsin
$374K
BBP
578
Banco BTG Pactual
Brazil
$374K
IA
579
IFP Advisors
Florida
$373K
HW
580
Hamilton Wealth
California
$371K
BBW
581
Blue Barn Wealth
Utah
$370K
PTC
582
Private Trust Company
Ohio
$365K
GWM
583
Gitterman Wealth Management
New Jersey
$365K
TYCC
584
Texas Yale Capital Corp
Florida
$364K
BHCM
585
Brevan Howard Capital Management
Jersey
$364K
LCWP
586
Legacy Capital Wealth Partners
Arkansas
$361K
Nomura Holdings
587
Nomura Holdings
Japan
$361K
DOA
588
D'Orazio & Associates
Virginia
$359K
AG
589
AlTi Global
New York
$359K
SFC
590
SYM Financial Corp
Indiana
$359K
GIA
591
Gateway Investment Advisers
Ohio
$356K
BAM
592
Blueshift Asset Management
New Jersey
$356K
WI
593
WrapManager Inc
California
$354K
WGAM
594
Wilkinson Global Asset Management
New York
$353K
LW
595
Linscomb Wealth
Texas
$352K
VF
596
Vest Financial
Virginia
$351K
FLPIM
597
F.L. Putnam Investment Management
Massachusetts
$349K
MHR
598
Matthew Hamilton Rosenberg
$346K
AAM
599
Aureus Asset Management
Massachusetts
$345K
JWCA
600
J.W. Cole Advisors
Florida
$341K