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277 hedge funds and large institutions have $3.03B invested in SAP in 2014 Q2 according to their latest regulatory filings, with 31 funds opening new positions, 99 increasing their positions, 101 reducing their positions, and 51 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.32% less ownership

Funds ownership: 3.52% → 3.2% (-0.32%)

2% less repeat investments, than reductions

Existing positions increased: 99 | Existing positions reduced: 101

7% less funds holding

Funds holding: 298 → 277 (-21)

14% less capital invested

Capital invested by funds: $3.52B → $3.03B (-$486M)

24% less call options, than puts

Call options by funds: $373M | Put options by funds: $490M

39% less first-time investments, than exits

New positions opened: 31 | Existing positions closed: 51

40% less funds holding in top 10

Funds holding in top 10: 5 → 3 (-2)

Holders
277
Holders Change
-21
Holders Change %
-7.05%
% of All Funds
7.96%
Holding in Top 10
3
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-40%
% of All Funds
0.09%
New
31
Increased
99
Reduced
101
Closed
51
Calls
$373M
Puts
$490M
Net Calls
-$117M
Net Calls Change
+$35.9M

Top Buyers

Rank Fund Capital Flow
1
Macquarie Group
Macquarie Group
Australia
+$23.5M
2
Goldman Sachs
Goldman Sachs
New York
+$21.8M
3
Northern Trust
Northern Trust
Illinois
+$17.8M
4
Morgan Stanley
Morgan Stanley
New York
+$15.5M
5
JP Morgan Chase
JP Morgan Chase
New York
+$14.8M

Top Sellers

Rank Fund Capital Flow
1
HL
Harding Loevner
New Jersey
-$145M
2
TIM
Thornburg Investment Management
New Mexico
-$95.7M
3
CI
Cambiar Investors
Colorado
-$40.1M
4
SI
Scout Investments
Missouri
-$34.9M
5
FAM
Fred Alger Management
New York
-$23M
Name Holding Trade Value Shares
Change 		Change in
Stake
PPCM
76
Pillar Pacific Capital Management
California
$3.19M +$106K +1,360 +3%
Citadel Advisors
77
Citadel Advisors
Florida
$3.16M +$3.19M +41,048 New
SAM
78
Silvercrest Asset Management
New York
$3.15M +$35K +450 +1%
RCM
79
Riverhead Capital Management
Delaware
$3.15M – – –
MSR
80
Main Street Research
Connecticut
$3.1M +$119K +1,530 +4%
RFC
81
Regions Financial Corp
Alabama
$2.91M +$389K +5,012 +15%
LM
82
Lincluden Management
Ontario, Canada
$2.89M +$325K +4,180 +13%
ICM
83
ICC Capital Management
Florida
$2.89M +$55.2K +710 +2%
Fifth Third Bancorp
84
Fifth Third Bancorp
Ohio
$2.85M -$1.57M -20,218 -35%
TCM
85
Texan Capital Management
Texas
$2.84M +$1.07M +13,775 +60%
RW
86
Rand Wealth
Maryland
$2.82M -$217K -2,792 -7%
Kayne Anderson Rudnick Investment Management
87
Kayne Anderson Rudnick Investment Management
California
$2.8M +$532K +6,842 +23%
BTW
88
Boston Trust Walden
Massachusetts
$2.75M +$299K +3,850 +12%
Ohio Public Employees Retirement System (OPERS)
89
Ohio Public Employees Retirement System (OPERS)
Ohio
$2.73M +$2.75M +35,431 New
BG
90
Bahl & Gaynor
Ohio
$2.71M -$69.9K -900 -2%
California Public Employees Retirement System
91
California Public Employees Retirement System
California
$2.7M +$2.48M +31,872 +996%
EAM
92
EverPoint Asset Management
Connecticut
$2.69M +$2.72M +35,000 New
CBT
93
Central Bank & Trust
Kentucky
$2.57M +$2.29M +29,459 New
PA
94
Profund Advisors
Maryland
$2.44M +$431K +5,544 +21%
Millennium Management
95
Millennium Management
New York
$2.42M +$2.45M +31,486 New
CRC
96
Curi RMB Capital
Illinois
$2.16M +$384K +4,946 +21%
ACP
97
Ashfield Capital Partners
California
$2.08M -$177K -2,283 -8%
HSBC Holdings
98
HSBC Holdings
United Kingdom
$1.85M -$61.7K -794 -3%
Capital Fund Management (CFM)
99
Capital Fund Management (CFM)
France
$1.78M +$1.8M +23,128 New
GCAC
100
Guardian Capital Advisors (Canada)
Ontario, Canada
$1.71M +$69.9K +900 +4%
2 3
4
5 6

SAP Hedge Fund Activity: Q2 2014 in Review

277 of the 3,480 institutional investors tracked by Wall St. Rank reported a position in SAP (SAP) for Q2 2014, worth a combined $3.03B — down 14% from $3.52B a quarter earlier.

Sellers outnumbered buyers: 51 funds closed out of SAP and 31 opened new positions — a net loss of 20 holders — while 101 trimmed existing stakes and 99 added.

The largest buyer was Macquarie Group, adding an estimated $23.5M. The largest seller was Harding Loevner, cutting an estimated $145M.

  • 277 institutional investors held SAP (SAP) as of Q2 2014, down from 298 in Q1 2014.
  • Funds reported $3.03B of SAP stock for Q2 2014, down 14% quarter-over-quarter.
  • 31 funds opened new SAP positions in Q2 2014 and 51 closed out, a net change of -20 holders.
  • The largest SAP buyer in Q2 2014 was Macquarie Group, an estimated $23.5M added.
  • The largest SAP seller in Q2 2014 was Harding Loevner, an estimated $145M sold.

Based on aggregated 13F filings for Q2 2014.