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886 hedge funds and large institutions have $19.7B invested in SAP in 2025 Q1 according to their latest regulatory filings, with 125 funds opening new positions, 289 increasing their positions, 343 reducing their positions, and 77 closing their positions.

New
Increased
Maintained
Reduced
Closed

62% more first-time investments, than exits

New positions opened: 125 | Existing positions closed: 77

25% more funds holding in top 10

Funds holding in top 10: 12 → 15 (+3)

12% more capital invested

Capital invested by funds: $17.6B → $19.7B (+$2.07B)

4% more funds holding

Funds holding: 856 → 886 (+30)

0.21% more ownership

Funds ownership: 5.74% → 5.95% (+0.21%)

16% less repeat investments, than reductions

Existing positions increased: 289 | Existing positions reduced: 343

31% less call options, than puts

Call options by funds: $242M | Put options by funds: $349M

Holders
886
Holders Change
+30
Holders Change %
+3.5%
% of All Funds
11.88%
Holding in Top 10
15
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+25%
% of All Funds
0.2%
New
125
Increased
289
Reduced
343
Closed
77
Calls
$242M
Puts
$349M
Net Calls
-$107M
Net Calls Change
-$34.3M

Top Buyers

1
Fisher Asset Management
Fisher Asset Management
Washington
+$2.15B
2
Fidelity Investments
Fidelity Investments
Massachusetts
+$235M
3
Bank of America
Bank of America
North Carolina
+$98.6M
4
Morgan Stanley
Morgan Stanley
New York
+$94.2M
5
Marshall Wace
Marshall Wace
United Kingdom
+$92.4M

Top Sellers

1
Capital International Investors
Capital International Investors
California
-$797M
2
Eagle Capital Management (New York)
Eagle Capital Management (New York)
New York
-$350M
3
ClearBridge Investments
ClearBridge Investments
New York
-$222M
4
Polen Capital Management
Polen Capital Management
Florida
-$125M
5
Connor, Clark & Lunn Investment Management (CC&L)
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
-$107M
Name Holding Trade Value Shares
Change 		Change in
Stake
IA
701
Integrity Alliance
Iowa
$201K +$204K +750 New
CCM
702
CAAS Capital Management
New York
$198K +$201K +738 New
OWA
703
Opal Wealth Advisors
New York
$195K -$28.3K -104 -13%
ANBT
704
American National Bank & Trust
Texas
$186K +$817 +3 +0.4%
UB
705
UMB Bank
Missouri
$184K -$12.5K -46 -6%
CT
706
Caldwell Trust
Florida
$180K +$183K +670 New
AF
707
Advisornet Financial
Minnesota
$170K +$21.2K +78 +14%
CCM
708
Cloud Capital Management
Washington
$165K +$168K +618 New
RBI
709
Raiffeisen Bank International
Austria
$162K – – –
GCS
710
Gordian Capital (Singapore)
Singapore
$161K +$163K +600 New
HBW
711
Hazlett, Burt & Watson
West Virginia
$150K – – –
ST
712
Smithfield Trust
Pennsylvania
$150K – – –
FFO
713
Fortitude Family Office
Arizona
$134K -$14.4K -53 -10%
PFBT
714
Parkside Financial Bank & Trust
Missouri
$134K +$34.3K +126 +34%
CIAS
715
CBIZ Investment Advisory Services
Ohio
$129K – – –
SO
716
Sierra Ocean
California
$125K – – –
EB
717
Eastern Bank
Massachusetts
$125K -$17.4K -64 -12%
ACA
718
Atlas Capital Advisors
Wyoming
$124K +$28.6K +105 +29%
HI
719
Harbour Investments
Wisconsin
$121K – – –
IBOK
720
Independence Bank of Kentucky
Kentucky
$121K – – –
RAM
721
Ramirez Asset Management
New York
$121K – – –
BCM
722
Berbice Capital Management
New York
$121K +$27.2K +100 +29%
MA
723
Montag & Associates
Georgia
$115K -$4.36K -16 -4%
CA
724
CoreCap Advisors
Michigan
$114K -$257K -945 -69%
WA
725
WPG Advisers
Maryland
$110K +$2.18K +8 +2%
27 28
29
30 31

SAP Hedge Fund Activity: Q1 2025 in Review

886 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in SAP (SAP) for Q1 2025, worth a combined $19.7B — up 12% from $17.6B a quarter earlier.

Buyers outnumbered sellers: 125 funds opened new SAP positions and 77 closed out — a net gain of 48 holders — while 289 added to existing stakes and 343 trimmed.

The largest buyer was Fisher Asset Management, adding an estimated $2.15B. The largest seller was Capital International Investors, cutting an estimated $797M.

  • 886 institutional investors held SAP (SAP) as of Q1 2025, up from 856 in Q4 2024.
  • Funds reported $19.7B of SAP stock for Q1 2025, up 12% quarter-over-quarter.
  • 125 funds opened new SAP positions in Q1 2025 and 77 closed out, a net change of +48 holders.
  • The largest SAP buyer in Q1 2025 was Fisher Asset Management, an estimated $2.15B added.
  • The largest SAP seller in Q1 2025 was Capital International Investors, an estimated $797M sold.

Based on aggregated 13F filings for Q1 2025.