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968 hedge funds and large institutions have $21.9B invested in SAP in 2025 Q2 according to their latest regulatory filings, with 164 funds opening new positions, 337 increasing their positions, 335 reducing their positions, and 67 closing their positions.

New
Increased
Maintained
Reduced
Closed

145% more first-time investments, than exits

New positions opened: 164 | Existing positions closed: 67

11% more capital invested

Capital invested by funds: $19.7B → $21.9B (+$2.17B)

9% more funds holding

Funds holding: 886968 (+82)

1% more repeat investments, than reductions

Existing positions increased: 337 | Existing positions reduced: 335

0% more funds holding in top 10

Funds holding in top 10: 1515 (0)

0.09% less ownership

Funds ownership: 5.95%5.85% (-0.09%)

3% less call options, than puts

Call options by funds: $325M | Put options by funds: $334M

Holders
968
Holders Change
+82
Holders Change %
+9.26%
% of All Funds
12.75%
Holding in Top 10
15
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.2%
New
164
Increased
337
Reduced
335
Closed
67
Calls
$325M
Puts
$334M
Net Calls
-$9.25M
Net Calls Change
+$98.2M
Name Holding Trade Value Shares
Change
Change in
Stake
SBH
76
Segall Bryant & Hamill
Illinois
$26.2M +$12.4M +43,402 +101%
PTC
77
Petrus Trust Company
Texas
$26.1M +$9.38M +32,742 +62%
PNC Financial Services Group
78
PNC Financial Services Group
Pennsylvania
$25.8M -$267K -933 -1%
Pathstone Holdings
79
Pathstone Holdings
New Jersey
$24.4M -$3.29M -11,498 -13%
NAM
80
NorthCrest Asset Manangement
Minnesota
$24.2M +$280K +976 +1%
CCMIC
81
Cardinal Capital Management Inc (Canada)
Manitoba, Canada
$23.6M +$170K +592 +0.8%
HighTower Advisors
82
HighTower Advisors
Illinois
$23.5M -$968K -3,378 -4%
KCM
83
Kornitzer Capital Management
Kansas
$22.8M -$3.55M -12,391 -14%
KI
84
Keystone Investors
Singapore
$22.8M +$20.4M +71,252 +1,934%
BIP
85
Brandes Investment Partners
California
$22.5M +$5.66M +19,757 +36%
DA
86
Dash Acquisitions
California
$21.1M -$33K -115 -0.2%
Dimensional Fund Advisors
87
Dimensional Fund Advisors
Texas
$21M +$2.53M +8,841 +15%
SGA
88
Sustainable Growth Advisers
Connecticut
$20.9M +$963K +3,362 +5%
SC
89
Scotia Capital
Ontario, Canada
$20.3M -$651K -2,272 -3%
EI
90
Ethic Inc
New York
$18.8M -$949K -3,311 -5%
AssetMark Inc
91
AssetMark Inc
California
$18.5M -$179K -623 -1%
VPIM
92
Vanguard Personalized Indexing Management
California
$18.1M +$2.2M +7,663 +15%
Jane Street
93
Jane Street
New York
$17.9M +$15.8M +54,999 +1,376%
MML Investors Services
94
MML Investors Services
Massachusetts
$17.2M -$1.75M -6,099 -10%
Citadel Advisors
95
Citadel Advisors
Florida
$17M +$9.68M +33,794 +152%
UC
96
Unio Capital
New Jersey
$17M +$1.59M +5,548 +11%
Twin Tree Management
97
Twin Tree Management
Texas
$16.7M +$942K +3,288 +6%
BFM
98
Boothbay Fund Management
New York
$16.5M +$15.6M +54,323 New
Mercer Global Advisors
99
Mercer Global Advisors
Colorado
$16.3M -$230K -802 -1%
HJIM
100
Henry James International Management
New York
$16.2M -$143K -498 -0.9%

SAP Hedge Fund Activity: Q2 2025 in Review

968 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in SAP (SAP) for Q2 2025, worth a combined $21.9B — up 11% from $19.7B a quarter earlier.

Buyers outnumbered sellers: 164 funds opened new SAP positions and 67 closed out — a net gain of 97 holders — while 337 added to existing stakes and 335 trimmed.

The largest buyer was Fisher Asset Management, adding an estimated $333M. The largest seller was Capital International Investors, cutting an estimated $926M.

  • 968 institutional investors held SAP (SAP) as of Q2 2025, up from 886 in Q1 2025.
  • Funds reported $21.9B of SAP stock for Q2 2025, up 11% quarter-over-quarter.
  • 164 funds opened new SAP positions in Q2 2025 and 67 closed out, a net change of +97 holders.
  • The largest SAP buyer in Q2 2025 was Fisher Asset Management, an estimated $333M added.
  • The largest SAP seller in Q2 2025 was Capital International Investors, an estimated $926M sold.

Based on aggregated 13F filings for Q2 2025.