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928 hedge funds and large institutions have $19.3B invested in SAP in 2025 Q3 according to their latest regulatory filings, with 109 funds opening new positions, 338 increasing their positions, 334 reducing their positions, and 136 closing their positions.

New
Increased
Maintained
Reduced
Closed

1% more repeat investments, than reductions

Existing positions increased: 338 | Existing positions reduced: 334

0.04% more ownership

Funds ownership: 5.85%5.89% (+0.04%)

4% less funds holding

Funds holding: 968928 (-40)

12% less capital invested

Capital invested by funds: $21.9B → $19.3B (-$2.54B)

18% less call options, than puts

Call options by funds: $322M | Put options by funds: $393M

20% less first-time investments, than exits

New positions opened: 109 | Existing positions closed: 136

27% less funds holding in top 10

Funds holding in top 10: 1511 (-4)

Holders
928
Holders Change
-40
Holders Change %
-4.13%
% of All Funds
12.18%
Holding in Top 10
11
Holding in Top 10 Change
-4
Holding in Top 10 Change %
-26.67%
% of All Funds
0.14%
New
109
Increased
338
Reduced
334
Closed
136
Calls
$322M
Puts
$393M
Net Calls
-$71.3M
Net Calls Change
-$62.1M
Name Holding Trade Value Shares
Change
Change in
Stake
RWP
126
RWA Wealth Partners
Massachusetts
$10.2M +$411K +1,463 +4%
FGI
127
Foresight Global Investors
New York
$10.1M -$2.36M -8,402 -18%
CG
128
Carmignac Gestion
France
$10M +$10.5M +37,500 New
CIBC Asset Management
129
CIBC Asset Management
Ontario, Canada
$9.91M -$934K -3,320 -8%
GIM
130
Glenmede Investment Management
Pennsylvania
$9.76M -$1.6M -5,703 -14%
AQR Capital Management
131
AQR Capital Management
Connecticut
$9.66M +$875K +3,112 +9%
SBH
132
Segall Bryant & Hamill
Illinois
$9.65M -$14.1M -50,113 -58%
FBB
133
Fulton Breakefield Broenniman
Maryland
$9.48M +$9.98M +35,478 New
CIBC World Market
134
CIBC World Market
Ontario, Canada
$9.48M +$4.3M +15,298 +76%
OCM
135
One Capital Management
California
$9.47M +$244K +869 +3%
BCI
136
Brinker Capital Investments
Pennsylvania
$9.37M -$1.66M -5,895 -14%
William Blair & Company
137
William Blair & Company
Illinois
$9.19M +$9.67M +34,403 New
National Bank of Canada
138
National Bank of Canada
Quebec, Canada
$8.75M -$5.22M -18,566 -36%
Focus Partners Wealth
139
Focus Partners Wealth
Massachusetts
$8.71M +$1.63M +5,810 +22%
QCG
140
Quadrant Capital Group
Ohio
$8.69M -$663K -2,357 -7%
SA
141
Sanctuary Advisors
Indiana
$8.49M -$584K -2,076 -6%
Loomis, Sayles & Company
142
Loomis, Sayles & Company
Massachusetts
$8.42M +$8.86M +31,506 New
NGA
143
Naples Global Advisors
Florida
$8.36M +$562 +2 +0%
P
144
&Partners
Tennessee
$8.24M +$483K +1,716 +6%
AI
145
Atria Investments
North Carolina
$8.1M +$265K +941 +3%
CK
146
Cohen Klingenstein
New York
$8.06M
AFWM
147
AMJ Financial Wealth Management
Virginia
$7.98M -$2.44M -8,673 -23%
Federated Hermes
148
Federated Hermes
Pennsylvania
$7.77M -$3.37M -11,984 -29%
Wealth Enhancement Advisory Services
149
Wealth Enhancement Advisory Services
Minnesota
$7.74M +$364K +1,296 +5%
SG Americas Securities
150
SG Americas Securities
New York
$7.74M +$8.15M +28,967 New

SAP Hedge Fund Activity: Q3 2025 in Review

928 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in SAP (SAP) for Q3 2025, worth a combined $19.3B — down 12% from $21.9B a quarter earlier.

Sellers outnumbered buyers: 136 funds closed out of SAP and 109 opened new positions — a net loss of 27 holders — while 334 trimmed existing stakes and 338 added.

The largest buyer was WINDACRE PARTNERSHIP LLC, adding an estimated $376M. The largest seller was Fidelity Investments, cutting an estimated $588M.

  • 928 institutional investors held SAP (SAP) as of Q3 2025, down from 968 in Q2 2025.
  • Funds reported $19.3B of SAP stock for Q3 2025, down 12% quarter-over-quarter.
  • 109 funds opened new SAP positions in Q3 2025 and 136 closed out, a net change of -27 holders.
  • The largest SAP buyer in Q3 2025 was WINDACRE PARTNERSHIP LLC, an estimated $376M added.
  • The largest SAP seller in Q3 2025 was Fidelity Investments, an estimated $588M sold.

Based on aggregated 13F filings for Q3 2025.