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
Financial Engines Advisors
626
Financial Engines Advisors
California
$309K
PWAM
627
Papamarkou Wellner Asset Management
New York
$306K
KPWS
628
Kestra Private Wealth Services
Texas
$306K
CAL
629
Capital Analysts LLC
Pennsylvania
$304K
APM
630
a16z Perennial Management
California
$303K
PAG
631
Private Advisory Group
Washington
$301K
EL
632
EWA LLC
Pennsylvania
$300K
CGA
633
Channing Global Advisors
Florida
$299K
FFN
634
Focus Financial Network
Minnesota
$299K
DE
635
Diversified Enterprises
Delaware
$298K
FHC
636
First Horizon Corporation
Tennessee
$295K
Empower Advisory Group
637
Empower Advisory Group
Colorado
$294K
CFG
638
Carter Financial Group
Illinois
$292K
EC
639
EntryPoint Capital
New York
$290K
BFG
640
Beacon Financial Group
Texas
$290K
VC
641
Veracity Capital
Georgia
$287K
PCWA
642
Pacific Capital Wealth Advisors
California
$285K
CWA
643
Cura Wealth Advisors
Illinois
$285K
WA
644
Wealthstream Advisors
New York
$285K
FCA
645
FLC Capital Advisors
California
$283K
SA
646
Shilanski & Associates
Alaska
$283K
BBA
647
Braun-Bostich & Associates
Pennsylvania
$281K
CB
648
Centennial Bank
Arkansas
$281K
CTC
649
Central Trust Company
Missouri
$279K
KA
650
Klingman & Associates
New York
$278K