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886 hedge funds and large institutions have $19.7B invested in SAP in 2025 Q1 according to their latest regulatory filings, with 125 funds opening new positions, 289 increasing their positions, 343 reducing their positions, and 77 closing their positions.

New
Increased
Maintained
Reduced
Closed

62% more first-time investments, than exits

New positions opened: 125 | Existing positions closed: 77

25% more funds holding in top 10

Funds holding in top 10: 1215 (+3)

12% more capital invested

Capital invested by funds: $17.6B → $19.7B (+$2.07B)

4% more funds holding

Funds holding: 856886 (+30)

0.21% more ownership

Funds ownership: 5.74%5.95% (+0.21%)

16% less repeat investments, than reductions

Existing positions increased: 289 | Existing positions reduced: 343

31% less call options, than puts

Call options by funds: $242M | Put options by funds: $349M

Holders
886
Holders Change
+30
Holders Change %
+3.5%
% of All Funds
11.88%
Holding in Top 10
15
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+25%
% of All Funds
0.2%
New
125
Increased
289
Reduced
343
Closed
77
Calls
$242M
Puts
$349M
Net Calls
-$107M
Net Calls Change
-$34.3M
Name Holding Trade Value Shares
Change
Change in
Stake
QCG
126
Quadrant Capital Group
Ohio
$9.45M +$6.54M +24,026 +215%
PMAM
127
Picton Mahoney Asset Management
Ontario, Canada
$9.3M +$775K +2,845 +9%
MCM
128
Maytus Capital Management
New York
$9.03M +$9.16M +33,629 New
Cetera Investment Advisers
129
Cetera Investment Advisers
Illinois
$9.01M -$1.07M -3,915 -10%
AllianceBernstein
130
AllianceBernstein
Tennessee
$8.74M +$8.52M +31,270 +2,460%
NGA
131
Naples Global Advisors
Florida
$8.66M -$223K -820 -2%
T. Rowe Price Associates
132
T. Rowe Price Associates
Maryland
$8.61M -$2.57M -9,443 -23%
AI
133
Atria Investments
North Carolina
$8.27M -$946K -3,472 -10%
CK
134
Cohen Klingenstein
New York
$8.1M
FDCDDQ
135
Federation des caisses Desjardins du Quebec
Quebec, Canada
$7.75M +$4.13M +15,168 +111%
CWP
136
Capital Wealth Planning
Florida
$7.58M +$1.92M +7,062 +33%
Wealth Enhancement Advisory Services
137
Wealth Enhancement Advisory Services
Minnesota
$7.55M +$157K +576 +2%
RWM
138
Ritholtz Wealth Management
New York
$7.54M +$19.1K +70 +0.2%
DAC
139
Dividend Assets Capital
South Carolina
$7.42M -$6.68M -24,515 -47%
CCM
140
Cox Capital Management
Massachusetts
$7.41M -$223K -819 -3%
TCCM
141
Timber Creek Capital Management
Massachusetts
$7.41M -$1.06M -3,879 -12%
VAS
142
Vestmark Advisory Solutions
Massachusetts
$7.4M +$2.78M +10,213 +59%
Janney Montgomery Scott
143
Janney Montgomery Scott
Pennsylvania
$7.36M -$9M -33,046 -55%
CCMINC
144
Cardinal Capital Management Inc (North Carolina)
North Carolina
$7.33M -$37.9K -139 -0.5%
Focus Partners Wealth
145
Focus Partners Wealth
Massachusetts
$7.13M +$147K +539 +2%
Commonwealth Equity Services
146
Commonwealth Equity Services
Massachusetts
$7.1M +$2.67M +9,784 +59%
Kayne Anderson Rudnick Investment Management
147
Kayne Anderson Rudnick Investment Management
California
$6.95M -$1.06M -3,904 -13%
NIA
148
NIA Impact Advisors
California
$6.94M -$793K -2,913 -10%
RhumbLine Advisers
149
RhumbLine Advisers
Massachusetts
$6.47M +$331K +1,216 +5%
CICI
150
Capital Investment Counsel Inc
North Carolina
$6.47M +$402K +1,475 +7%

SAP Hedge Fund Activity: Q1 2025 in Review

886 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in SAP (SAP) for Q1 2025, worth a combined $19.7B — up 12% from $17.6B a quarter earlier.

Buyers outnumbered sellers: 125 funds opened new SAP positions and 77 closed out — a net gain of 48 holders — while 289 added to existing stakes and 343 trimmed.

The largest buyer was Fisher Asset Management, adding an estimated $2.15B. The largest seller was Capital International Investors, cutting an estimated $797M.

  • 886 institutional investors held SAP (SAP) as of Q1 2025, up from 856 in Q4 2024.
  • Funds reported $19.7B of SAP stock for Q1 2025, up 12% quarter-over-quarter.
  • 125 funds opened new SAP positions in Q1 2025 and 77 closed out, a net change of +48 holders.
  • The largest SAP buyer in Q1 2025 was Fisher Asset Management, an estimated $2.15B added.
  • The largest SAP seller in Q1 2025 was Capital International Investors, an estimated $797M sold.

Based on aggregated 13F filings for Q1 2025.