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928 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, 338 increasing their positions, 334 reducing their positions, and 136 closing their positions.

New
Increased
Maintained
Reduced
Closed

1% more repeat investments, than reductions

Existing positions increased: 338 | Existing positions reduced: 334

0.04% more ownership

Funds ownership: 5.85%5.89% (+0.04%)

4% less funds holding

Funds holding: 968928 (-40)

12% less capital invested

Capital invested by funds: $21.9B → $19.3B (-$2.54B)

18% less call options, than puts

Call options by funds: $322M | Put options by funds: $393M

20% less first-time investments, than exits

New positions opened: 109 | Existing positions closed: 136

27% less funds holding in top 10

Funds holding in top 10: 1511 (-4)

Holders
928
Holders Change
-40
Holders Change %
-4.13%
% of All Funds
12.18%
Holding in Top 10
11
Holding in Top 10 Change
-4
Holding in Top 10 Change %
-26.67%
% of All Funds
0.14%
New
109
Increased
338
Reduced
334
Closed
136
Calls
$322M
Puts
$393M
Net Calls
-$71.3M
Net Calls Change
-$62.1M
Name Holding Trade Value Shares
Change
Change in
Stake
MVIP
51
Mar Vista Investment Partners
California
$37.7M -$1.75M -6,213 -4%
Stifel Financial
52
Stifel Financial
Missouri
$37.5M +$1.63M +5,783 +4%
Mariner
53
Mariner
Kansas
$37.4M +$25M +88,918 +175%
CAM
54
Cidel Asset Management
Ontario, Canada
$37.2M +$3.45M +12,268 +10%
PTC
55
Petrus Trust Company
Texas
$36.6M +$14.3M +51,000 +59%
US Bancorp
56
US Bancorp
Minnesota
$36.4M -$4.38M -15,577 -10%
BIP
57
Brandes Investment Partners
California
$36M +$17.1M +60,744 +82%
Cerity Partners
58
Cerity Partners
New York
$34.4M +$6.83M +24,273 +23%
LPL Financial
59
LPL Financial
California
$34.3M +$1.28M +4,534 +4%
Creative Planning
60
Creative Planning
Kansas
$34.2M +$388K +1,380 +1%
GFM
61
GF Fund Management
China
$33.7M +$4.18M +14,861 +13%
CIBC Private Wealth Group
62
CIBC Private Wealth Group
Georgia
$32.9M +$4.82M +17,153 +16%
Charles Schwab
63
Charles Schwab
California
$32.8M +$4.59M +16,322 +15%
Arrowstreet Capital
64
Arrowstreet Capital
Massachusetts
$32.3M -$12.7M -45,182 -27%
MCM
65
Marsico Capital Management
Colorado
$31.8M -$16.5M -58,724 -33%
VOYA Investment Management
66
VOYA Investment Management
Georgia
$31.7M -$12.3M -43,599 -27%
CAPTRUST Financial Advisors
67
CAPTRUST Financial Advisors
North Carolina
$31.4M +$19.1M +67,783 +136%
American Century Companies
68
American Century Companies
Missouri
$31.3M +$996K +3,543 +3%
OSAM
69
O'Shaughnessy Asset Management
Connecticut
$30.7M -$273K -972 -0.8%
CCM
70
Coerente Capital Management
Ontario, Canada
$30.1M +$189K +673 +0.6%
QCM
71
Quantinno Capital Management
New York
$29.6M +$4.35M +15,455 +16%
OWP
72
Obermeyer Wealth Partners
Colorado
$28.7M -$233K -829 -0.8%
QC
73
Quadrature Capital
United Kingdom
$28.4M +$29.8M +106,096 New
PC
74
Promethos Capital
Massachusetts
$27.8M +$9.52M +33,855 +34%
Allspring Global Investments
75
Allspring Global Investments
North Carolina
$27.1M -$7.77M -27,628 -22%

SAP Hedge Fund Activity: Q3 2025 in Review

928 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in SAP (SAP) for Q3 2025, worth a combined $19.3B — down 12% from $21.9B a quarter earlier.

Sellers outnumbered buyers: 136 funds closed out of SAP and 109 opened new positions — a net loss of 27 holders — while 334 trimmed existing stakes and 338 added.

The largest buyer was WINDACRE PARTNERSHIP LLC, adding an estimated $376M. The largest seller was Fidelity Investments, cutting an estimated $588M.

  • 928 institutional investors held SAP (SAP) as of Q3 2025, down from 968 in Q2 2025.
  • Funds reported $19.3B of SAP stock for Q3 2025, down 12% quarter-over-quarter.
  • 109 funds opened new SAP positions in Q3 2025 and 136 closed out, a net change of -27 holders.
  • The largest SAP buyer in Q3 2025 was WINDACRE PARTNERSHIP LLC, an estimated $376M added.
  • The largest SAP seller in Q3 2025 was Fidelity Investments, an estimated $588M sold.

Based on aggregated 13F filings for Q3 2025.