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886 hedge funds and large institutions have $19.7B invested in SAP in 2025 Q1 according to their latest regulatory filings, with 125 funds opening new positions, 289 increasing their positions, 343 reducing their positions, and 77 closing their positions.

New
Increased
Maintained
Reduced
Closed

62% more first-time investments, than exits

New positions opened: 125 | Existing positions closed: 77

25% more funds holding in top 10

Funds holding in top 10: 12 → 15 (+3)

12% more capital invested

Capital invested by funds: $17.6B → $19.7B (+$2.07B)

4% more funds holding

Funds holding: 856 → 886 (+30)

0.21% more ownership

Funds ownership: 5.74% → 5.95% (+0.21%)

16% less repeat investments, than reductions

Existing positions increased: 289 | Existing positions reduced: 343

31% less call options, than puts

Call options by funds: $242M | Put options by funds: $349M

Holders
886
Holders Change
+30
Holders Change %
+3.5%
% of All Funds
11.88%
Holding in Top 10
15
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+25%
% of All Funds
0.2%
New
125
Increased
289
Reduced
343
Closed
77
Calls
$242M
Puts
$349M
Net Calls
-$107M
Net Calls Change
-$34.3M

Top Buyers

1
Fisher Asset Management
Fisher Asset Management
Washington
+$2.15B
2
Fidelity Investments
Fidelity Investments
Massachusetts
+$235M
3
Bank of America
Bank of America
North Carolina
+$98.6M
4
Morgan Stanley
Morgan Stanley
New York
+$94.2M
5
Marshall Wace
Marshall Wace
United Kingdom
+$92.4M

Top Sellers

1
Capital International Investors
Capital International Investors
California
-$797M
2
Eagle Capital Management (New York)
Eagle Capital Management (New York)
New York
-$350M
3
ClearBridge Investments
ClearBridge Investments
New York
-$222M
4
Polen Capital Management
Polen Capital Management
Florida
-$125M
5
Connor, Clark & Lunn Investment Management (CC&L)
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
-$107M
Name Holding Trade Value Shares
Change 		Change in
Stake
CTC
751
Central Trust Company
Missouri
$63.4K – – –
ABWM
752
Alpine Bank Wealth Management
Colorado
$62.3K +$63.2K +232 New
LFG
753
Larson Financial Group
Missouri
$62K – – –
KFI
754
Key Financial Inc
Pennsylvania
$60.9K – – –
TSMHT
755
Thurston Springer Miller Herd & Titak
Indiana
$57.7K +$56.7K +208 +2,971%
SSB
756
Sandy Spring Bank
Maryland
$56.1K – – –
FMP
757
Financial Management Professionals
Texas
$55K +$817 +3 +1%
PCTC
758
Perkins Coie Trust Company
Washington
$54.2K +$55K +202 New
MWA
759
Medallion Wealth Advisors
Connecticut
$54.1K – – –
AWM
760
Atticus Wealth Management
Florida
$53.7K – – –
TFA
761
Toth Financial Advisory
Virginia
$53.7K – – –
LSA
762
Leonteq Securities AG
Switzerland
$53.4K +$54.2K +199 New
EFMH
763
E Fund Management (HK)
Hong Kong
$53K +$53.9K +198 New
CPG
764
Cornerstone Planning Group
New Jersey
$52.7K +$27.5K +101 +109%
FDCP
765
Foster Dykema Cabot & Partners
Massachusetts
$48.3K – – –
LI
766
LRI Investments
Florida
$48.3K +$8.17K +30 +20%
JWA
767
JFS Wealth Advisors
Pennsylvania
$45.1K – – –
DI
768
DAGCO Inc
Ohio
$45.1K +$45.8K +168 New
PWA
769
Physician Wealth Advisors
Utah
$41.9K – – –
HWA
770
HHM Wealth Advisors
Tennessee
$40.8K -$13.6K -50 -25%
GKIM
771
GW&K Investment Management
Massachusetts
$40K +$2.18K +8 +6%
PWA
772
Provenance Wealth Advisors
Florida
$40K – – –
FFA
773
Frazier Financial Advisors
Ohio
$38.7K – – –
MSWM
774
Mowery & Schoenfeld Wealth Management
Illinois
$38.4K – – –
CHC
775
City Holding Co
West Virginia
$38.4K +$39K +143 New
29 30
31
32 33

SAP Hedge Fund Activity: Q1 2025 in Review

886 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in SAP (SAP) for Q1 2025, worth a combined $19.7B — up 12% from $17.6B a quarter earlier.

Buyers outnumbered sellers: 125 funds opened new SAP positions and 77 closed out — a net gain of 48 holders — while 289 added to existing stakes and 343 trimmed.

The largest buyer was Fisher Asset Management, adding an estimated $2.15B. The largest seller was Capital International Investors, cutting an estimated $797M.

  • 886 institutional investors held SAP (SAP) as of Q1 2025, up from 856 in Q4 2024.
  • Funds reported $19.7B of SAP stock for Q1 2025, up 12% quarter-over-quarter.
  • 125 funds opened new SAP positions in Q1 2025 and 77 closed out, a net change of +48 holders.
  • The largest SAP buyer in Q1 2025 was Fisher Asset Management, an estimated $2.15B added.
  • The largest SAP seller in Q1 2025 was Capital International Investors, an estimated $797M sold.

Based on aggregated 13F filings for Q1 2025.