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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
Lido Advisors
176
Lido Advisors
California
$6.09M +$2.9M +10,300 +82%
DAC
177
Dividend Assets Capital
South Carolina
$5.95M -$824K -2,930 -12%
RhumbLine Advisers
178
RhumbLine Advisers
Massachusetts
$5.93M -$542K -1,926 -8%
Squarepoint
179
Squarepoint
New York
$5.84M +$2.75M +9,762 +81%
CG
180
Caprock Group
Idaho
$5.83M +$6.02M +21,410 New
CCM
181
Cox Capital Management
Massachusetts
$5.83M -$1.45M -5,148 -19%
VAS
182
Vestmark Advisory Solutions
Massachusetts
$5.79M +$177K +630 +3%
TCCM
183
Timber Creek Capital Management
Massachusetts
$5.77M -$31.2K -111 -0.5%
CFO
184
Callan Family Office
Pennsylvania
$5.71M -$487K -1,730 -7%
Osaic Holdings
185
Osaic Holdings
Arizona
$5.67M +$633K +2,252 +12%
S
186
SignatureFD
Georgia
$5.56M -$81K -288 -1%
HBWM
187
Hollow Brook Wealth Management
New York
$5.52M +$104K +370 +2%
Lazard Asset Management
188
Lazard Asset Management
New York
$5.42M -$71.4M -254,002 -93%
RPA
189
Rock Point Advisors
Vermont
$5.39M -$7.31K -26 -0.1%
BFG
190
Bleakley Financial Group
New Jersey
$5.29M +$177K +630 +3%
IC
191
IEQ Capital
California
$5.24M +$1.76M +6,250 +47%
SCTC
192
Sanibel Captiva Trust Company
Florida
$5.24M +$481K +1,712 +10%
AI
193
Aperture Investors
New York
$5.19M +$433K +1,538 +9%
MWM
194
Moran Wealth Management
Florida
$5.18M +$195K +693 +4%
QT
195
Quantbot Technologies
New York
$5.18M +$5.45M +19,396 New
FMI
196
Factory Mutual Insurance
Massachusetts
$5.16M +$5.43M +19,324 New
VA
197
Vident Advisory
Georgia
$5.11M +$458K +1,628 +9%
PCG
198
Prosperity Consulting Group
Maryland
$5.09M -$215K -766 -4%
Rockefeller Capital Management
199
Rockefeller Capital Management
New York
$5.04M -$487K -1,732 -8%
Barclays
200
Barclays
United Kingdom
$5.02M +$367K +1,306 +7%

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.