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
NAS
676
Nicolet Advisory Services
Wisconsin
$237K
FCBT
677
First Citizens Bank & Trust
North Carolina
$236K
DC
678
Diametric Capital
Massachusetts
$234K
GAM
679
Gotham Asset Management
New York
$234K
PA
680
Procyon Advisors
Connecticut
$232K
BL
681
Balentine LLC
Georgia
$231K
TC
682
TownSquare Capital
Utah
$230K
EWM
683
Endowment Wealth Management
Wisconsin
$229K
ML
684
McAdam LLC
Pennsylvania
$228K
SQA
685
Simon Quick Advisors
New Jersey
$228K
SIA
686
SeaBridge Investment Advisors
New Jersey
$228K
CNTOF
687
Canandaigua National Trust of Florida
New York
$228K
JBA
688
Johnson Bixby & Associates
Washington
$227K
UB
689
UMB Bank
Missouri
$227K
SGI
690
Summit Global Investments
Utah
$226K
IC
691
Inscription Capital
Texas
$225K
FB
692
Fulton Bank
Pennsylvania
$223K
AF
693
Advisornet Financial
Minnesota
$223K
GKWIM
694
Gerber Kawasaki Wealth & Investment Management
California
$222K
WWM
695
Waterway Wealth Management
Texas
$222K
BAAM
696
Baker Avenue Asset Management
California
$221K
EPAM
697
Euro Pacific Asset Management
Puerto Rico
$221K
IPW
698
Intergy Private Wealth
Colorado
$216K
CPA
699
Capital Performance Advisors
California
$216K
PFW
700
Petros Family Wealth
Minnesota
$214K