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
1WA
651
180 Wealth Advisors
Washington
$277K
WAP
652
Wealthcare Advisory Partners
Pennsylvania
$272K
BPWM
653
Badgley Phelps Wealth Managers
Washington
$271K
BMCM
654
Burns Matteson Capital Management
New York
$270K
HIP
655
HUB Investment Partners
Texas
$268K
CIAS
656
Capital Investment Advisory Services
North Carolina
$267K
WRPWM
657
Werba Rubin Papier Wealth Management
California
$266K
MA
658
Mutual Advisors
Nebraska
$265K
AFA
659
AA Financial Advisors
Ohio
$262K
AT
660
American Trust
Kentucky
$258K
MGIA
661
Moneta Group Investment Advisors
Missouri
$255K
AIM
662
Avity Investment Management
Connecticut
$255K
MNBTD
663
Moody National Bank Trust Division
Texas
$254K
ONB
664
Old National Bancorp
Indiana
$252K
VCA
665
Verdence Capital Advisors
Maryland
$248K
PPWM
666
Paragon Private Wealth Management
Kentucky
$248K
CFSG
667
Community Financial Services Group
Vermont
$247K
SPWM
668
Schrum Private Wealth Management
Florida
$247K
GT
669
Glenview Trust
Kentucky
$246K
RG
670
Rathbones Group
United Kingdom
$246K
CIC
671
Carnegie Investment Counsel
Ohio
$245K
FF
672
Francis Financial
$243K
BCG
673
Breakwater Capital Group
New Jersey
$242K
AWM
674
Arista Wealth Management
Nevada
$242K
SFCL
675
Strengthening Families & Communities LLC
Massachusetts
$241K