909 hedge funds and large institutions have $19.3B invested in SAP in 2025 Q3 according to their latest regulatory filings, with 110 funds opening new positions, 331 increasing their positions, 327 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: 110 | Existing positions closed: 135

27% less funds holding in top 10

Funds holding in top 10: 1511 (-4)

Holders
909
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
AWM
601
Axxcess Wealth Management
California
$335K
ISL
602
Ingalls & Snyder LLC
New York
$334K
CHAM
603
Clear Harbor Asset Management
Connecticut
$333K
SS
604
SBI Securities
Japan
$332K
CCMG
605
Clark Capital Management Group
Pennsylvania
$330K
BWP
606
Baldwin Wealth Partners
Massachusetts
$327K
Parnassus Investments
607
Parnassus Investments
California
$327K
OHWP
608
Oak Harbor Wealth Partners
North Carolina
$325K
BDFN
609
Bond & Devick Financial Network
Minnesota
$323K
SW
610
SVB Wealth
Massachusetts
$323K
HPM
611
Hoxton Planning & Management
West Virginia
$322K
CI Investments Inc
612
CI Investments Inc
Ontario, Canada
$321K
ICP
613
Impact Capital Partners
Colorado
$319K
SF
614
Summit Financial
New Jersey
$319K
BBVA
615
Banco Bilbao Vizcaya Argentaria
Spain
$318K
BCM
616
Brookstone Capital Management
Illinois
$316K
AI
617
Atom Investors
Texas
$313K
CIM
618
Contravisory Investment Management
Massachusetts
$312K
Koshinski Asset Management
619
Koshinski Asset Management
Illinois
$310K
Financial Engines Advisors
620
Financial Engines Advisors
California
$309K
PWAM
621
Papamarkou Wellner Asset Management
New York
$306K
KPWS
622
Kestra Private Wealth Services
Texas
$306K
CAL
623
Capital Analysts LLC
Pennsylvania
$304K
APM
624
a16z Perennial Management
California
$303K
PAG
625
Private Advisory Group
Washington
$301K