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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
CIBC World Market
176
CIBC World Market
Ontario, Canada
$4.88M +$3.43M +12,582 +225%
ET
177
Equitable Trust
Tennessee
$4.85M -$118K -433 -2%
AI
178
Aperture Investors
New York
$4.81M
CUAMC
179
China Universal Asset Management Company
China
$4.81M +$218K +800 +5%
FFM
180
Forum Financial Management
Illinois
$4.74M
CIC
181
Chase Investment Counsel
Virginia
$4.68M -$212K -778 -4%
CWM
182
Calamos Wealth Management
Illinois
$4.58M +$1.39M +5,089 +43%
GFM
183
GF Fund Management
China
$4.56M +$4.62M +16,977 New
CAM
184
Cresset Asset Management
Illinois
$4.54M -$951K -3,491 -17%
TI
185
Tidal Investments
Wisconsin
$4.42M +$1.09M +3,996 +32%
SG Americas Securities
186
SG Americas Securities
New York
$4.41M +$4.09M +14,997 +1,049%
Fifth Third Bancorp
187
Fifth Third Bancorp
Ohio
$4.41M +$65.1K +239 +1%
AQR Capital Management
188
AQR Capital Management
Connecticut
$4.38M +$1.46M +5,363 +49%
Nomura Asset Management
189
Nomura Asset Management
Japan
$4.37M +$3.23M +11,850 +267%
EGA
190
Eagle Global Advisors
Texas
$4.37M -$108K -395 -2%
B
191
Bailard
California
$4.36M -$573K -2,103 -11%
SC
192
Saturna Capital
Washington
$4.36M -$667K -2,450 -13%
TWC
193
TD Waterhouse Canada
Ontario, Canada
$4.36M +$1.39M +5,109 +46%
Envestnet Portfolio Solutions
194
Envestnet Portfolio Solutions
Illinois
$4.35M -$4.14M -15,185 -48%
Walleye Trading
195
Walleye Trading
New York
$4.31M +$4.38M +16,070 New
AP
196
Arlington Partners
Alabama
$4.26M -$467K -1,714 -10%
William Blair Investment Management
197
William Blair Investment Management
Illinois
$4.24M -$405K -1,488 -9%
HCMT
198
Highland Capital Management (Tennessee)
Tennessee
$4.17M -$331K -1,215 -7%
DWM
199
Diversify Wealth Management
Utah
$4.17M +$528K +1,938 +16%
VA
200
Vident Advisory
Georgia
$4.08M +$890K +3,267 +27%

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.