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, 333 increasing their positions, 333 reducing their positions, and 135 closing their positions.

New
Increased
Maintained
Reduced
Closed

more ownership

Funds ownership:

more repeat investments, than reductions

Existing positions increased: | Existing positions reduced:

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
SL
751
Salomon & Ludwin
Virginia
$110K
Nisa Investment Advisors
752
Nisa Investment Advisors
Missouri
$107K
Parallax Volatility Advisers
753
Parallax Volatility Advisers
California
$104K
Fidelity International
754
Fidelity International
Bermuda
$102K
SR
755
Syntax Research
Florida
$98.9K
SOW
756
State of Wyoming
Wyoming
$95.1K
HWA
757
Heartwood Wealth Advisors
Virginia
$93.5K
BI
758
Binnacle Investments
Iowa
$90.3K
WA
759
WPG Advisers
Maryland
$89.5K
PAM
760
Palisade Asset Management
Minnesota
$84.4K
LFG
761
Larson Financial Group
Missouri
$82.3K
AIM
762
Anchor Investment Management
South Carolina
$73.2K
BWL
763
Bogart Wealth LLC
Virginia
$72.4K
FC
764
Fairscale Capital
New Hampshire
$69.2K
AAS
765
Ameritas Advisory Services
Nebraska
$68.7K
MNA
766
Manning & Napier Advisors
New York
$65.7K
HIA
767
Harbor Investment Advisory
Maryland
$65.2K
CTWM
768
Cherry Tree Wealth Management
Minnesota
$64.4K
Mirae Asset Global ETFs Holdings
769
Mirae Asset Global ETFs Holdings
Hong Kong
$64.4K
ABWM
770
Alpine Bank Wealth Management
Colorado
$62K
KFI
771
Key Financial Inc
Pennsylvania
$61.8K
SWP
772
Strategic Wealth Partners
Ohio
$61.7K
MA
773
Montag & Associates
Georgia
$59.3K
WA
774
Whipplewood Advisors
Colorado
$54K
GWM
775
Geneos Wealth Management
Colorado
$53.4K