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284 hedge funds and large institutions have $3.43B invested in SAP in 2013 Q3 according to their latest regulatory filings, with 25 funds opening new positions, 102 increasing their positions, 114 reducing their positions, and 36 closing their positions.

New
Increased
Maintained
Reduced
Closed

67% more funds holding in top 10

Funds holding in top 10: 3 → 5 (+2)

0.19% less ownership

Funds ownership: 3.97% → 3.78% (-0.19%)

3% less capital invested

Capital invested by funds: $3.55B → $3.43B (-$121M)

4% less funds holding

Funds holding: 297 → 284 (-13)

11% less repeat investments, than reductions

Existing positions increased: 102 | Existing positions reduced: 114

31% less first-time investments, than exits

New positions opened: 25 | Existing positions closed: 36

71% less call options, than puts

Call options by funds: $15.5M | Put options by funds: $54.1M

Holders
284
Holders Change
-13
Holders Change %
-4.38%
% of All Funds
9.21%
Holding in Top 10
5
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+66.67%
% of All Funds
0.16%
New
25
Increased
102
Reduced
114
Closed
36
Calls
$15.5M
Puts
$54.1M
Net Calls
-$38.6M
Net Calls Change
+$30.9M

Top Buyers

Rank Fund Capital Flow
1
Goldman Sachs
Goldman Sachs
New York
+$178M
2
AC
Alleghany Corporation
New York
+$44.6M
3
Macquarie Group
Macquarie Group
Australia
+$29M
4
Morgan Stanley
Morgan Stanley
New York
+$28.7M
5
Bank of America
Bank of America
North Carolina
+$27M

Top Sellers

Rank Fund Capital Flow
1
Capital World Investors
Capital World Investors
California
-$144M
2
Calamos Advisors
Calamos Advisors
Illinois
-$74.3M
3
RIM
Rainier Investment Management
Washington
-$67.8M
4
American Century Companies
American Century Companies
Missouri
-$48.9M
5
WCM
Wedge Capital Management
North Carolina
-$40.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
MSR
101
Main Street Research
Connecticut
$2.24M -$38.8K -525 -2%
Millennium Management
102
Millennium Management
New York
$2.23M +$1.77M +23,973 +387%
ACP
103
Ashfield Capital Partners
California
$2.23M -$175K -2,369 -7%
IAM
104
Impax Asset Management
New Hampshire
$2.22M +$613K +8,300 +38%
LM
105
Lincluden Management
Ontario, Canada
$2.2M +$69.5K +940 +3%
PA
106
Profund Advisors
Maryland
$2.19M +$980K +13,254 +81%
GC
107
Guggenheim Capital
Illinois
$2.14M +$1.35M +18,239 +171%
FI
108
FCM Investments
Texas
$2.12M – – –
SAM
109
Silvercrest Asset Management
New York
$2.01M +$173K +2,340 +9%
CBT
110
Central Bank & Trust
Kentucky
$2.01M +$167K +2,259 +9%
WCF
111
West Coast Financial
California
$1.93M -$141K -1,910 -7%
CIM
112
Calvert Investment Management
Maryland
$1.9M – – –
RW
113
Rand Wealth
Maryland
$1.89M +$66.5K +900 +4%
Kayne Anderson Rudnick Investment Management
114
Kayne Anderson Rudnick Investment Management
California
$1.82M +$70.7K +957 +4%
RFC
115
Regions Financial Corp
Alabama
$1.78M -$1.61M -21,821 -48%
HSBC Holdings
116
HSBC Holdings
United Kingdom
$1.61M +$72K +974 +5%
Fidelity Investments
117
Fidelity Investments
Massachusetts
$1.59M -$2.16M -29,218 -58%
NTCOC
118
Northern Trust Company of Connecticut
Connecticut
$1.55M -$58K -785 -4%
SBAM
119
Santa Barbara Asset Management
California
$1.54M – – –
ANI
120
American National Insurance
Texas
$1.54M – – –
WAM
121
Weatherly Asset Management
California
$1.52M -$163K -2,202 -10%
IGIM
122
I.G. Investment Management
Manitoba, Canada
$1.46M +$1.46M +19,700 New
DCM
123
Driehaus Capital Management
Illinois
$1.41M -$1.02M -13,799 -42%
KeyBank National Association
124
KeyBank National Association
Ohio
$1.41M -$69.4K -939 -5%
HIM
125
Harbour Investment Management
Washington
$1.41M -$2.59K -35 -0.2%
3 4
5
6 7

SAP Hedge Fund Activity: Q3 2013 in Review

284 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in SAP (SAP) for Q3 2013, worth a combined $3.43B — down 3.4% from $3.55B a quarter earlier.

Sellers outnumbered buyers: 36 funds closed out of SAP and 25 opened new positions — a net loss of 11 holders — while 114 trimmed existing stakes and 102 added.

The largest buyer was Goldman Sachs, adding an estimated $178M. The largest seller was Capital World Investors, exiting entirely with an estimated $144M sold.

  • 284 institutional investors held SAP (SAP) as of Q3 2013, down from 297 in Q2 2013.
  • Funds reported $3.43B of SAP stock for Q3 2013, down 3.4% quarter-over-quarter.
  • 25 funds opened new SAP positions in Q3 2013 and 36 closed out, a net change of -11 holders.
  • The largest SAP buyer in Q3 2013 was Goldman Sachs, an estimated $178M added.
  • The largest SAP seller in Q3 2013 was Capital World Investors, an estimated $144M sold.

Based on aggregated 13F filings for Q3 2013.