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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
MHR
601
Matthew Hamilton Rosenberg
$416K +$9.74K +34 +3%
DFA
602
Davies Financial Advisors
California
$415K
BWP
603
BSW Wealth Partners
Colorado
$412K +$22.6K +79 +6%
FVWA
604
Foster Victor Wealth Advisors
South Carolina
$408K -$11.7K -41 -3%
AWA
605
Arete Wealth Advisors
Illinois
$406K -$41.6K -145 -10%
DOA
606
D'Orazio & Associates
Virginia
$406K -$8.88K -31 -2%
NRC
607
New Republic Capital
North Carolina
$405K -$42.1K -147 -10%
GIA
608
Gateway Investment Advisers
Ohio
$405K
LW
609
Linscomb Wealth
Texas
$402K -$80.2K -280 -17%
AG
610
AlTi Global
New York
$402K +$379K +1,323 New
BCM
611
Brookstone Capital Management
Illinois
$401K +$50.4K +176 +15%
LCGC
612
Legacy Capital Group California
California
$400K +$50.7K +177 +16%
BAM
613
Blueshift Asset Management
New Jersey
$398K -$247K -863 -40%
MM
614
MQS Management
New York
$394K +$371K +1,296 New
AAM
615
Aureus Asset Management
Massachusetts
$393K -$7.45K -26 -2%
EFSCE
616
Enterprise Financial Services Corp (EFSC)
Missouri
$388K +$45.9K +160 +14%
SSC
617
Syverson Strege & Co
Iowa
$387K +$365K +1,272 New
BBA
618
Baader Bank Aktiengesellschaft
Germany
$386K +$589K +2,056 New
CFG
619
Certior Financial Group
Pennsylvania
$386K +$1.15K +4 +0.3%
ICP
620
Impact Capital Partners
Colorado
$383K +$43.3K +151 +14%
EWM
621
Empirical Wealth Management
Washington
$381K +$106K +371 +42%
ISL
622
Ingalls & Snyder LLC
New York
$380K
HPC
623
HM Payson & Co
Maine
$380K
LG
624
Leuthold Group
Minnesota
$380K +$358K +1,248 New
CHAM
625
Clear Harbor Asset Management
Connecticut
$379K

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.