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644 hedge funds and large institutions have $10.7B invested in SAP in 2023 Q4 according to their latest regulatory filings, with 125 funds opening new positions, 220 increasing their positions, 204 reducing their positions, and 51 closing their positions.

New
Increased
Maintained
Reduced
Closed

145% more first-time investments, than exits

New positions opened: 125 | Existing positions closed: 51

25% more capital invested

Capital invested by funds: $8.51B → $10.7B (+$2.15B)

11% more funds holding

Funds holding: 581 → 644 (+63)

8% more repeat investments, than reductions

Existing positions increased: 220 | Existing positions reduced: 204

0.25% more ownership

Funds ownership: 5.35% → 5.61% (+0.25%)

0% more funds holding in top 10

Funds holding in top 10: 8 → 8 (0)

43% less call options, than puts

Call options by funds: $132M | Put options by funds: $230M

Holders
644
Holders Change
+63
Holders Change %
+10.84%
% of All Funds
9.39%
Holding in Top 10
8
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.12%
New
125
Increased
220
Reduced
204
Closed
51
Calls
$132M
Puts
$230M
Net Calls
-$98.4M
Net Calls Change
+$28.8M

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$415M
2
Eagle Capital Management (New York)
Eagle Capital Management (New York)
New York
+$114M
3
Capital International Investors
Capital International Investors
California
+$108M
4
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$37.5M
5
Fidelity Investments
Fidelity Investments
Massachusetts
+$26.1M

Top Sellers

Rank Fund Capital Flow
1
FMI
Fiduciary Management Inc
Wisconsin
-$62.4M
2
ClearBridge Investments
ClearBridge Investments
New York
-$41.6M
3
Optiver Holding
Optiver Holding
Netherlands
-$33.7M
4
WPL
WINDACRE PARTNERSHIP LLC
Texas
-$31.5M
5
Fisher Asset Management
Fisher Asset Management
Washington
-$28M
Name Holding Trade Value Shares
Change 		Change in
Stake
AGWCA
626
Annis Gardner Whiting Capital Advisors
Florida
$2.63K – – –
EC
627
EntryPoint Capital
New York
$2.63K +$2.46K +17 New
AWM
628
Abound Wealth Management
Tennessee
$2.55K +$434 +3 +21%
BCWM
629
Bartlett & Co Wealth Management
Ohio
$2.16K – – –
CAM
630
ClariVest Asset Management
California
$2.16K +$2.02K +14 New
PIS
631
POM Investment Strategies
North Carolina
$2.01K +$1.88K +13 New
TVAMP
632
Tennessee Valley Asset Management Partners
Tennessee
$2.01K +$1.88K +13 New
BC
633
Bartlett & Co
Ohio
$2K – – –
CP
634
Castleview Partners
Texas
$1.55K – – –
CFD
635
Creative Financial Designs
Indiana
$1.55K – – –
EWM
636
Evermay Wealth Management
Virginia
$1.55K – – –
TWD
637
True Wealth Design
Ohio
$1.55K – – –
FSWA
638
Financial Synergies Wealth Advisors
Texas
$1.45K +$289 +2 +17%
CJ
639
Caitlin John
Michigan
$1.28K +$1.16K +8 New
TFA
640
Transamerica Financial Advisors
Florida
$1K – – –
RCM
641
Raleigh Capital Management
North Carolina
$928 – – –
DWA
642
Delos Wealth Advisors
Texas
$310 – – –
DAM
643
Delta Asset Management
Tennessee
$309 +$289 +2 New
RS
644
Rakuten Securities
Japan
$155 +$145 +1 New
FGAM
645
Financial Gravity Asset Management
Texas
$75 – – –
Optiver Holding
646
Optiver Holding
Netherlands
– -$33.7M -232,737 Closed
CPIH
647
Consolidated Press International Holdings
Australia
– -$21.7M -168,052 Closed
OMC
648
Old Mission Capital
Illinois
– -$11.3M -87,049 Closed
Millennium Management
649
Millennium Management
New York
– -$5.67M -39,224 Closed
SIS
650
Susquehanna International Securities
Ireland
– -$3.87M -29,954 Closed
24 25
26
27 28

SAP Hedge Fund Activity: Q4 2023 in Review

644 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in SAP (SAP) for Q4 2023, worth a combined $10.7B — up 25% from $8.51B a quarter earlier.

Buyers outnumbered sellers: 125 funds opened new SAP positions and 51 closed out — a net gain of 74 holders — while 220 added to existing stakes and 204 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $415M. The largest seller was Fiduciary Management Inc, cutting an estimated $62.4M.

  • 644 institutional investors held SAP (SAP) as of Q4 2023, up from 581 in Q3 2023.
  • Funds reported $10.7B of SAP stock for Q4 2023, up 25% quarter-over-quarter.
  • 125 funds opened new SAP positions in Q4 2023 and 51 closed out, a net change of +74 holders.
  • The largest SAP buyer in Q4 2023 was Morgan Stanley, an estimated $415M added.
  • The largest SAP seller in Q4 2023 was Fiduciary Management Inc, an estimated $62.4M sold.

Based on aggregated 13F filings for Q4 2023.