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
MPA
926
Marvin & Palmer Associates
Delaware
TI
927
Trexquant Investment
Connecticut
VF
928
Virtu Financial
New York
IC
929
Iconiq Capital
California
CCP
930
Clough Capital Partners
Massachusetts
OCAM
931
Onex Canada Asset Management
Ontario, Canada
TF
932
Telligent Fund
Hong Kong
HT
933
Headlands Technologies
Illinois
WTC
934
WhitTier Trust Company
Nevada
UBS AM
935
UBS AM
Illinois
WLG
936
Williamson Legacy Group
Indiana
BCM
937
Bayesian Capital Management
New York
Wolverine Trading
938
Wolverine Trading
Illinois
PEAK6
939
PEAK6
Illinois
GCM
940
Genus Capital Management
British Columbia, Canada
MAM
941
Morse Asset Management
Connecticut
IQI
942
Integrated Quantitative Investments
Washington
PC
943
Permanens Capital
New York
WSFS
944
Wilmington Savings Fund Society
Delaware
CPBTD
945
Central Pacific Bank - Trust Division
Hawaii
BAMF
946
BI Asset Management Fondsmaeglerselskab
Denmark
CPM
947
Connective Portfolio Management
New York
PA
948
Prossimo Advisors
California
BBA
949
Baader Bank Aktiengesellschaft
Germany
FAIM
950
Financial Advocates Investment Management
Washington