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
WRPWM
651
Werba Rubin Papier Wealth Management
California
$266K
MA
652
Mutual Advisors
Nebraska
$265K
AFA
653
AA Financial Advisors
Ohio
$262K
AT
654
American Trust
Kentucky
$258K
MGIA
655
Moneta Group Investment Advisors
Missouri
$255K
AIM
656
Avity Investment Management
Connecticut
$255K
MNBTD
657
Moody National Bank Trust Division
Texas
$254K
ONB
658
Old National Bancorp
Indiana
$252K
VCA
659
Verdence Capital Advisors
Maryland
$248K
PPWM
660
Paragon Private Wealth Management
Kentucky
$248K
CFSG
661
Community Financial Services Group
Vermont
$247K
SPWM
662
Schrum Private Wealth Management
Florida
$247K
GT
663
Glenview Trust
Kentucky
$246K
RG
664
Rathbones Group
United Kingdom
$246K
CIC
665
Carnegie Investment Counsel
Ohio
$245K
FF
666
Francis Financial
$243K
BCG
667
Breakwater Capital Group
New Jersey
$242K
AWM
668
Arista Wealth Management
Nevada
$242K
SFCL
669
Strengthening Families & Communities LLC
Massachusetts
$241K
EW
670
Evoke Wealth
California
$241K
AIFAIM
671
American Institute for Advanced Investment Management
Arizona
$240K
BHPW
672
Beverly Hills Private Wealth
California
$240K
RP
673
Riverbridge Partners
Minnesota
$240K
LWIC
674
Leith Wheeler Investment Counsel
British Columbia, Canada
$240K
GF
675
Gries Financial
Ohio
$237K