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298 hedge funds and large institutions have $3.52B invested in SAP in 2014 Q1 according to their latest regulatory filings, with 45 funds opening new positions, 114 increasing their positions, 91 reducing their positions, and 38 closing their positions.

New
Increased
Maintained
Reduced
Closed

25% more repeat investments, than reductions

Existing positions increased: 114 | Existing positions reduced: 91

18% more first-time investments, than exits

New positions opened: 45 | Existing positions closed: 38

1% more funds holding

Funds holding: 295298 (+3)

0% more funds holding in top 10

Funds holding in top 10: 55 (0)

0.21% less ownership

Funds ownership: 3.73%3.52% (-0.21%)

12% less capital invested

Capital invested by funds: $3.99B → $3.52B (-$475M)

28% less call options, than puts

Call options by funds: $397M | Put options by funds: $550M

Holders
298
Holders Change
+3
Holders Change %
+1.02%
% of All Funds
8.61%
Holding in Top 10
5
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.14%
New
45
Increased
114
Reduced
91
Closed
38
Calls
$397M
Puts
$550M
Net Calls
-$153M
Net Calls Change
-$121M
Name Holding Trade Value Shares
Change
Change in
Stake
HCMNY
51
Howard Capital Management (New York)
New York
$7.8M +$448K +5,650 +6%
SCA
52
SAC Capital Advisors
Connecticut
$7.55M -$2.99M -37,714 -29%
U
53
UBS
Switzerland
$7.51M +$966K +12,185 +15%
HNB
54
Huntington National Bank
Ohio
$7.42M +$6.79M +85,603 +1,499%
Massachusetts Financial Services
55
Massachusetts Financial Services
Massachusetts
$7.41M +$557K +7,030 +8%
TWI
56
Thomas White International
Illinois
$7.08M +$50.6K +638 +0.7%
Natixis Advisors
57
Natixis Advisors
Massachusetts
$6.7M +$1.1M +13,936 +20%
Deutsche Bank
58
Deutsche Bank
Germany
$6.52M -$1.75M -22,066 -22%
Chevy Chase Trust
59
Chevy Chase Trust
Maryland
$6.47M +$486K +6,126 +8%
Comerica Bank
60
Comerica Bank
Texas
$6.25M +$45K +567 +0.7%
ACM
61
Ativo Capital Management
Illinois
$6.13M -$37.3K -471 -0.6%
State Street
62
State Street
Massachusetts
$5.93M
CGT
63
Capital Guardian Trust
California
$5.8M +$907K +11,445 +19%
WAM
64
World Asset Management
Michigan
$5.62M -$1.31M -16,513 -19%
CAM
65
Capstone Asset Management
Texas
$5.59M +$288K +3,630 +6%
ST
66
Stifel Trust
Missouri
$5.3M +$287K +3,620 +6%
PNC Financial Services Group
67
PNC Financial Services Group
Pennsylvania
$5.19M -$1.3M -16,401 -20%
CS
68
Credit Suisse
Switzerland
$4.96M -$3.91M -49,324 -45%
Bank of Montreal
69
Bank of Montreal
Ontario, Canada
$4.93M +$319K +4,029 +7%
EAM
70
EULAV Asset Management
Florida
$4.87M
RJA
71
Raymond James & Associates
Florida
$4.84M -$469K -5,911 -9%
TAM
72
Todd Asset Management
Kentucky
$4.69M +$4.57M +57,655 New
Fifth Third Bancorp
73
Fifth Third Bancorp
Ohio
$4.65M -$26.9K -339 -0.6%
Stifel Financial
74
Stifel Financial
Missouri
$4.55M +$4.44M +55,996 New
TRSOTSOK
75
Teachers Retirement System of the State of Kentucky
Kentucky
$4.55M +$4.44M +56,000 New

SAP Hedge Fund Activity: Q1 2014 in Review

298 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in SAP (SAP) for Q1 2014, worth a combined $3.52B — down 12% from $3.99B a quarter earlier.

Buyers outnumbered sellers: 45 funds opened new SAP positions and 38 closed out — a net gain of 7 holders — while 114 added to existing stakes and 91 trimmed.

The largest buyer was Renaissance Technologies, adding an estimated $34.2M. The largest seller was Waddell & Reed Financial, exiting entirely with an estimated $91.6M sold.

  • 298 institutional investors held SAP (SAP) as of Q1 2014, up from 295 in Q4 2013.
  • Funds reported $3.52B of SAP stock for Q1 2014, down 12% quarter-over-quarter.
  • 45 funds opened new SAP positions in Q1 2014 and 38 closed out, a net change of +7 holders.
  • The largest SAP buyer in Q1 2014 was Renaissance Technologies, an estimated $34.2M added.
  • The largest SAP seller in Q1 2014 was Waddell & Reed Financial, an estimated $91.6M sold.

Based on aggregated 13F filings for Q1 2014.