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
EW
676
Evoke Wealth
California
$241K
AIFAIM
677
American Institute for Advanced Investment Management
Arizona
$240K
BHPW
678
Beverly Hills Private Wealth
California
$240K
RP
679
Riverbridge Partners
Minnesota
$240K
LWIC
680
Leith Wheeler Investment Counsel
British Columbia, Canada
$240K
GF
681
Gries Financial
Ohio
$237K
NAS
682
Nicolet Advisory Services
Wisconsin
$237K
FCBT
683
First Citizens Bank & Trust
North Carolina
$236K
DC
684
Diametric Capital
Massachusetts
$234K
GAM
685
Gotham Asset Management
New York
$234K
PA
686
Procyon Advisors
Connecticut
$232K
BL
687
Balentine LLC
Georgia
$231K
TC
688
TownSquare Capital
Utah
$230K
EWM
689
Endowment Wealth Management
Wisconsin
$229K
ML
690
McAdam LLC
Pennsylvania
$228K
SQA
691
Simon Quick Advisors
New Jersey
$228K
SIA
692
SeaBridge Investment Advisors
New Jersey
$228K
CNTOF
693
Canandaigua National Trust of Florida
New York
$228K
JBA
694
Johnson Bixby & Associates
Washington
$227K
UB
695
UMB Bank
Missouri
$227K
SGI
696
Summit Global Investments
Utah
$226K
IC
697
Inscription Capital
Texas
$225K
FB
698
Fulton Bank
Pennsylvania
$223K
AF
699
Advisornet Financial
Minnesota
$223K
GKWIM
700
Gerber Kawasaki Wealth & Investment Management
California
$222K