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298 hedge funds and large institutions have $3.52B invested in SAP in 2014 Q1 according to their latest regulatory filings, with 45 funds opening new positions, 114 increasing their positions, 91 reducing their positions, and 38 closing their positions.

New
Increased
Maintained
Reduced
Closed

25% more repeat investments, than reductions

Existing positions increased: 114 | Existing positions reduced: 91

18% more first-time investments, than exits

New positions opened: 45 | Existing positions closed: 38

1% more funds holding

Funds holding: 295 → 298 (+3)

0% more funds holding in top 10

Funds holding in top 10: 5 → 5 (0)

0.21% less ownership

Funds ownership: 3.73% → 3.52% (-0.21%)

12% less capital invested

Capital invested by funds: $3.99B → $3.52B (-$475M)

28% less call options, than puts

Call options by funds: $397M | Put options by funds: $550M

Holders
298
Holders Change
+3
Holders Change %
+1.02%
% of All Funds
8.61%
Holding in Top 10
5
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.14%
New
45
Increased
114
Reduced
91
Closed
38
Calls
$397M
Puts
$550M
Net Calls
-$153M
Net Calls Change
-$121M

Top Buyers

1
Renaissance Technologies
Renaissance Technologies
New York
+$34.2M
2
TIM
Thornburg Investment Management
New Mexico
+$26.2M
3
Northern Trust
Northern Trust
Illinois
+$22.3M
4
KFC
Klingenstein Fields & Co
New York
+$19.3M
5
Macquarie Group
Macquarie Group
Australia
+$18.1M

Top Sellers

1
WRF
Waddell & Reed Financial
Kansas
-$91.6M
2
Morgan Stanley
Morgan Stanley
New York
-$88.1M
3
Goldman Sachs
Goldman Sachs
New York
-$68.4M
4
WEC
White Elm Capital
Connecticut
-$50.7M
5
Bank of America
Bank of America
North Carolina
-$28.4M
Name Holding Trade Value Shares
Change 		Change in
Stake
EWM
176
Evercore Wealth Management
New York
$404K +$54.8K +691 +16%
USAA
177
United Services Automobile Association
Texas
$400K +$54.3K +685 +16%
STC
178
SEI Trust Company
Pennsylvania
$396K +$386K +4,867 New
Commonwealth Equity Services
179
Commonwealth Equity Services
Massachusetts
$390K +$2.7K +34 +0.7%
ACM
180
Apex Capital Management
Ohio
$382K – – –
SFA
181
Sequoia Financial Advisors
Ohio
$377K +$158K +1,988 +75%
HighTower Advisors
182
HighTower Advisors
Illinois
$376K -$901K -11,367 -71%
PG
183
PEAK6 Group
Illinois
$376K +$339K +4,274 +1,261%
IIA
184
IPG Investment Advisors
California
$373K +$363K +4,580 New
Fidelity Investments
185
Fidelity Investments
Massachusetts
$348K -$1.35M -17,005 -80%
BBHC
186
Brown Brothers Harriman & Co
New York
$348K -$81.3K -1,025 -19%
Parallax Volatility Advisers
187
Parallax Volatility Advisers
California
$339K -$1.03M -12,990 -76%
Toronto Dominion Bank
188
Toronto Dominion Bank
Ontario, Canada
$338K – – –
CIM
189
CIM Investment Management
Pennsylvania
$338K +$330K +4,160 New
COI
190
Connable Office Inc
Michigan
$330K -$211K -2,665 -40%
KPCM
191
Kings Point Capital Management
New York
$325K – – –
BKBG
192
BHF Kleinwort Benson Group
Belgium
$325K +$317K +4,000 New
FNBT
193
FineMark National Bank & Trust
Florida
$320K +$4.92K +62 +2%
BB
194
Bell Bank
North Dakota
$317K -$127K -1,607 -29%
BIM
195
BlackRock Investment Management
Delaware
$311K +$301K +3,795 +14,056%
CONA
196
Capital One National Association
New York
$308K +$86.9K +1,096 +41%
BC
197
Banced Corp
Illinois
$306K +$100K +1,261 +50%
SCM
198
Shelton Capital Management
Colorado
$298K – – –
CA
199
Commerzbank Aktiengesellschaft
Germany
$295K +$287K +3,625 New
CWM
200
Concert Wealth Management
California
$294K +$77.2K +974 +36%
6 7
8
9 10

SAP Hedge Fund Activity: Q1 2014 in Review

298 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in SAP (SAP) for Q1 2014, worth a combined $3.52B — down 12% from $3.99B a quarter earlier.

Buyers outnumbered sellers: 45 funds opened new SAP positions and 38 closed out — a net gain of 7 holders — while 114 added to existing stakes and 91 trimmed.

The largest buyer was Renaissance Technologies, adding an estimated $34.2M. The largest seller was Waddell & Reed Financial, exiting entirely with an estimated $91.6M sold.

  • 298 institutional investors held SAP (SAP) as of Q1 2014, up from 295 in Q4 2013.
  • Funds reported $3.52B of SAP stock for Q1 2014, down 12% quarter-over-quarter.
  • 45 funds opened new SAP positions in Q1 2014 and 38 closed out, a net change of +7 holders.
  • The largest SAP buyer in Q1 2014 was Renaissance Technologies, an estimated $34.2M added.
  • The largest SAP seller in Q1 2014 was Waddell & Reed Financial, an estimated $91.6M sold.

Based on aggregated 13F filings for Q1 2014.