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
Russell Investments Group
76
Russell Investments Group
United Kingdom
$26M
CGH
77
Crossmark Global Holdings
Texas
$25.2M
SC
78
Scotia Capital
Ontario, Canada
$24.9M
Pathstone Holdings
79
Pathstone Holdings
New Jersey
$24.1M
PNC Financial Services Group
80
PNC Financial Services Group
Pennsylvania
$22.6M
HighTower Advisors
81
HighTower Advisors
Illinois
$22.3M
NAM
82
NorthCrest Asset Manangement
Minnesota
$22.3M
Jane Street
83
Jane Street
New York
$22.1M
Optiver Holding
84
Optiver Holding
Netherlands
$21.3M
CCMIC
85
Cardinal Capital Management Inc (Canada)
Manitoba, Canada
$21.3M
Dimensional Fund Advisors
86
Dimensional Fund Advisors
Texas
$20.6M
KCM
87
Kornitzer Capital Management
Kansas
$20M
UC
88
Unio Capital
New Jersey
$19.7M
DA
89
Dash Acquisitions
California
$18.8M
Lord, Abbett & Co
90
Lord, Abbett & Co
New Jersey
$17.7M
AssetMark Inc
91
AssetMark Inc
California
$16.8M
CII
92
Capital International Inc
California
$16.5M
EI
93
Ethic Inc
New York
$16M
Cetera Investment Advisers
94
Cetera Investment Advisers
Illinois
$16M
QCM
95
QRG Capital Management
Illinois
$15.4M
MML Investors Services
96
MML Investors Services
Massachusetts
$15.3M
VPIM
97
Vanguard Personalized Indexing Management
California
$15.2M
Connor, Clark & Lunn Investment Management (CC&L)
98
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$14.4M
1832 Asset Management
99
1832 Asset Management
Ontario, Canada
$14.3M
OAM
100
Oppenheimer Asset Management
New York
$14.3M