833 hedge funds and large institutions have $14.8B invested in SAP in 2026 Q1 according to their latest regulatory filings, with 96 funds opening new positions, 335 increasing their positions, 290 reducing their positions, and 168 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: $ → $

28% less call options, than puts

Call options by funds: $296M | Put options by funds: $410M

43% less first-time investments, than exits

New positions opened: 96 | Existing positions closed: 168

50% less funds holding in top 10

Funds holding in top 10: 147 (-7)

Holders
833
Holders Change
Holders Change %
% of All Funds
Holding in Top 10
7
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
Increased
Reduced
Closed
Calls
$296M
Puts
$410M
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
VFA
901
Values First Advisors
Tennessee
APM
902
a16z Perennial Management
California
IWA
903
Icon Wealth Advisors
Texas
MIM
904
Merrion Investment Management
New Jersey
GGA
905
Granite Group Advisors
Connecticut
MIP
906
Marietta Investment Partners
Wisconsin
WA
907
Wealthstar Advisors
Texas
CAMG
908
CWA Asset Management Group
Florida
BBP
909
Banco BTG Pactual
Brazil
AWM
910
Athena Wealth Management
Nevada
LCWP
911
Legacy Capital Wealth Partners
Arkansas
BTWM
912
Baker Tilly Wealth Management
Wisconsin
AWA
913
Arete Wealth Advisors
Illinois
FCBT
914
First Citizens Bank & Trust
North Carolina
AWM
915
Axxcess Wealth Management
California
AL
916
ARWA LLC
Texas
JWCA
917
J.W. Cole Advisors
Florida
TIAA Trust, National Association
918
TIAA Trust, National Association
North Carolina
CCMG
919
Clark Capital Management Group
Pennsylvania
Empower Advisory Group
920
Empower Advisory Group
Colorado
SF
921
Summit Financial
New Jersey
1WA
922
180 Wealth Advisors
Washington
BWP
923
Baldwin Wealth Partners
Massachusetts
HPM
924
Hoxton Planning & Management
West Virginia
MM
925
MQS Management
New York