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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
NAS
976
NWF Advisory Services
California
-$2.06M -7,686 Closed
PCM
977
Pinnbrook Capital Management
New York
-$1.98M -7,370 Closed
Walleye Capital
978
Walleye Capital
New York
-$1.61M -5,618 Closed
TCM
979
Thames Capital Management
New Jersey
-$1.29M -4,794 Closed
Parallax Volatility Advisers
980
Parallax Volatility Advisers
California
-$1.35M -4,713 Closed
TFS
981
Thoroughbred Financial Services
Tennessee
-$1.18M -4,397 Closed
William Blair & Company
982
William Blair & Company
Illinois
-$1.03M -3,833 Closed
QIM
983
Quantitative Investment Management
Virginia
-$845K -3,149 Closed
LFA
984
Legacy Financial Advisors
Kentucky
-$844K -3,145 Closed
SQA
985
Simon Quick Advisors
New Jersey
-$771K -2,874 Closed
QT
986
Quantbot Technologies
New York
-$711K -2,647 Closed
HCP
987
Hexagon Capital Partners
Arkansas
-$692K -2,576 Closed
PCM
988
Prelude Capital Management
New York
-$644K -2,400 Closed
DS
989
DRW Securities
Illinois
-$532K -1,983 Closed
LGA
990
Lebenthal Global Advisors
New York
-$529K -1,971 Closed
BOH
991
Bank of Hawaii
Hawaii
-$500K -1,861 Closed
TSS
992
Two Sigma Securities
New York
-$449K -1,673 Closed
CAM
993
CenterStar Asset Management
Illinois
-$408K -1,518 Closed
4WM
994
44 Wealth Management
Oregon
-$398K -1,482 Closed
GC
995
Guggenheim Capital
Illinois
-$389K -1,450 Closed
PCMH
996
Polymer Capital Management (HK)
Hong Kong
-$389K -1,450 Closed
CA
997
Claro Advisors
Massachusetts
-$384K -1,430 Closed
CC
998
Centiva Capital
New York
-$369K -1,374 Closed
AIS
999
American Investment Services
Massachusetts
-$356K -1,325 Closed
WA
1000
Waverly Advisors
Alabama
-$327K -1,218 Closed

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.