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
RIL
726
Rothschild Investment LLC
Illinois
$158K
ST
727
Smithfield Trust
Pennsylvania
$149K
CIAM
728
Caitong International Asset Management
Hong Kong
$147K
HBW
729
Hazlett, Burt & Watson
West Virginia
$145K
PFBT
730
Parkside Financial Bank & Trust
Missouri
$137K
WIM
731
Westside Investment Management
California
$136K
CSP
732
Cary Street Partners
Virginia
$130K
EB
733
Eastern Bank
Massachusetts
$130K
FFO
734
Fortitude Family Office
Arizona
$127K
HI
735
Harbour Investments
Wisconsin
$127K
PB
736
Pinnacle Bancorp
Nebraska
$125K
SGK
737
Steigerwald Gordon & Koch
Virginia
$124K
CT
738
Clearstead Trust
Maine
$121K
IBOK
739
Independence Bank of Kentucky
Kentucky
$120K
RAM
740
Ramirez Asset Management
New York
$120K
WPA
741
Wealth Preservation Advisors
Tennessee
$119K
BC
742
Bayforest Capital
United Kingdom
$117K
RFP
743
Root Financial Partners
California
$114K
NSIM
744
North Star Investment Management
Illinois
$112K
SL
745
Salomon & Ludwin
Virginia
$110K
Nisa Investment Advisors
746
Nisa Investment Advisors
Missouri
$107K
Parallax Volatility Advisers
747
Parallax Volatility Advisers
California
$104K
Fidelity International
748
Fidelity International
Bermuda
$102K
SR
749
Syntax Research
Florida
$98.9K
SOW
750
State of Wyoming
Wyoming
$95.1K