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
BCM
726
Berbice Capital Management
New York
$187K
SWM
727
Spire Wealth Management
Virginia
$186K
OWP
728
ORG Wealth Partners
Texas
$184K
CSPIA
729
Cary Street Partners Investment Advisory
Virginia
$180K
CCM
730
Cloud Capital Management
Washington
$165K
GBT
731
Grove Bank & Trust
Florida
$158K
RIL
732
Rothschild Investment LLC
Illinois
$158K
ST
733
Smithfield Trust
Pennsylvania
$149K
CIAM
734
Caitong International Asset Management
Hong Kong
$147K
HBW
735
Hazlett, Burt & Watson
West Virginia
$145K
PFBT
736
Parkside Financial Bank & Trust
Missouri
$137K
WIM
737
Westside Investment Management
California
$136K
CSP
738
Cary Street Partners
Virginia
$130K
EB
739
Eastern Bank
Massachusetts
$130K
FFO
740
Fortitude Family Office
Arizona
$127K
HI
741
Harbour Investments
Wisconsin
$127K
PB
742
Pinnacle Bancorp
Nebraska
$125K
SGK
743
Steigerwald Gordon & Koch
Virginia
$124K
CT
744
Clearstead Trust
Maine
$121K
IBOK
745
Independence Bank of Kentucky
Kentucky
$120K
RAM
746
Ramirez Asset Management
New York
$120K
WPA
747
Wealth Preservation Advisors
Tennessee
$119K
BC
748
Bayforest Capital
United Kingdom
$117K
RFP
749
Root Financial Partners
California
$114K
NSIM
750
North Star Investment Management
Illinois
$112K