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886 hedge funds and large institutions have $19.7B invested in SAP in 2025 Q1 according to their latest regulatory filings, with 125 funds opening new positions, 289 increasing their positions, 343 reducing their positions, and 77 closing their positions.

New
Increased
Maintained
Reduced
Closed

62% more first-time investments, than exits

New positions opened: 125 | Existing positions closed: 77

25% more funds holding in top 10

Funds holding in top 10: 1215 (+3)

12% more capital invested

Capital invested by funds: $17.6B → $19.7B (+$2.07B)

4% more funds holding

Funds holding: 856886 (+30)

0.21% more ownership

Funds ownership: 5.74%5.95% (+0.21%)

16% less repeat investments, than reductions

Existing positions increased: 289 | Existing positions reduced: 343

31% less call options, than puts

Call options by funds: $242M | Put options by funds: $349M

Holders
886
Holders Change
+30
Holders Change %
+3.5%
% of All Funds
11.88%
Holding in Top 10
15
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+25%
% of All Funds
0.2%
New
125
Increased
289
Reduced
343
Closed
77
Calls
$242M
Puts
$349M
Net Calls
-$107M
Net Calls Change
-$34.3M
Name Holding Trade Value Shares
Change
Change in
Stake
MNBTD
626
Moody National Bank Trust Division
Texas
$285K +$48.8K +179 +20%
FCA
627
FLC Capital Advisors
California
$284K
SC
628
SouthState Corp
Florida
$284K +$130K +479 +83%
SA
629
Shilanski & Associates
Alaska
$283K -$27.8K -102 -9%
CB
630
Centennial Bank
Arkansas
$282K -$10.1K -37 -3%
JFGLC
631
Johnson Financial Group LLC (Colorado)
Colorado
$281K +$285K +1,045 New
ATPW
632
Ashton Thomas Private Wealth
Arizona
$278K +$36.8K +135 +15%
CGA
633
Channing Global Advisors
Florida
$275K +$107K +392 +62%
BPW
634
Bingham Private Wealth
California
$273K +$10.9K +40 +4%
WGCA
635
Wolf Group Capital Advisors
Virginia
$269K +$273K +1,002 New
RWB
636
RMR Wealth Builders
New Jersey
$268K
AIP
637
Arrowpoint Investment Partners
Singapore
$268K +$272K +1,000 New
JCM
638
Janney Capital Management
Pennsylvania
$268K -$98.1K -360 -26%
BPWM
639
Badgley Phelps Wealth Managers
Washington
$268K -$62.1K -228 -19%
CIAS
640
Capital Investment Advisory Services
North Carolina
$267K -$55K -202 -17%
CSPIA
641
Cary Street Partners Investment Advisory
Virginia
$266K +$88K +323 +48%
SA
642
Sovran Advisors
California
$266K +$281K +1,032 New
RG
643
Rathbones Group
United Kingdom
$263K +$20.7K +76 +8%
JWCA
644
J.W. Cole Advisors
Florida
$262K +$266K +977 New
WRPWM
645
Werba Rubin Papier Wealth Management
California
$261K -$99.2K -364 -27%
PAG
646
Private Advisory Group
Washington
$261K -$67.8K -249 -20%
SWA
647
Stratos Wealth Advisors
Ohio
$261K +$265K +972 New
GFA
648
Gallagher Fiduciary Advisors
Illinois
$260K -$23.7K -87 -8%
NAS
649
Nicolet Advisory Services
Wisconsin
$260K -$1.09K -4 -0.4%
Rafferty Asset Management
650
Rafferty Asset Management
New York
$257K -$82.3K -302 -24%

SAP Hedge Fund Activity: Q1 2025 in Review

886 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in SAP (SAP) for Q1 2025, worth a combined $19.7B — up 12% from $17.6B a quarter earlier.

Buyers outnumbered sellers: 125 funds opened new SAP positions and 77 closed out — a net gain of 48 holders — while 289 added to existing stakes and 343 trimmed.

The largest buyer was Fisher Asset Management, adding an estimated $2.15B. The largest seller was Capital International Investors, cutting an estimated $797M.

  • 886 institutional investors held SAP (SAP) as of Q1 2025, up from 856 in Q4 2024.
  • Funds reported $19.7B of SAP stock for Q1 2025, up 12% quarter-over-quarter.
  • 125 funds opened new SAP positions in Q1 2025 and 77 closed out, a net change of +48 holders.
  • The largest SAP buyer in Q1 2025 was Fisher Asset Management, an estimated $2.15B added.
  • The largest SAP seller in Q1 2025 was Capital International Investors, an estimated $797M sold.

Based on aggregated 13F filings for Q1 2025.