909 hedge funds and large institutions have $19.3B invested in SAP in 2025 Q3 according to their latest regulatory filings, with 110 funds opening new positions, 331 increasing their positions, 327 reducing their positions, and 135 closing their positions.

New
Increased
Maintained
Reduced
Closed

more repeat investments, than reductions

Existing positions increased: | Existing positions reduced:

more ownership

Funds ownership:

less funds holding

Funds holding:

less capital invested

Capital invested by funds: $ → $

18% less call options, than puts

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

19% less first-time investments, than exits

New positions opened: 110 | Existing positions closed: 135

27% less funds holding in top 10

Funds holding in top 10: 1511 (-4)

Holders
909
Holders Change
Holders Change %
% of All Funds
Holding in Top 10
11
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
Increased
Reduced
Closed
Calls
$322M
Puts
$393M
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
AP
201
Americana Partners
Texas
$4.92M
FFM
202
Forum Financial Management
Illinois
$4.91M
NW
203
NewEdge Wealth
Pennsylvania
$4.91M
PPW
204
Parcion Private Wealth
Washington
$4.9M
ET
205
Equitable Trust
Tennessee
$4.88M
AP
206
Arlington Partners
Alabama
$4.64M
TIM
207
Thornburg Investment Management
New Mexico
$4.63M
SC
208
Saturna Capital
Washington
$4.48M
Northwestern Mutual Wealth Management
209
Northwestern Mutual Wealth Management
Wisconsin
$4.3M
B
210
Bailard
California
$4.27M
JAM
211
JCIC Asset Management
Ontario, Canada
$4.24M
Fifth Third Bancorp
212
Fifth Third Bancorp
Ohio
$4.2M
Commonwealth Equity Services
213
Commonwealth Equity Services
Massachusetts
$4.16M
YCM
214
Yousif Capital Management
Michigan
$4.13M
VCM
215
Voleon Capital Management
California
$4.13M
PWM
216
Perigon Wealth Management
California
$4.12M
HCMT
217
Highland Capital Management (Tennessee)
Tennessee
$4.06M
Walleye Trading
218
Walleye Trading
New York
$3.97M
IMC Chicago
219
IMC Chicago
Illinois
$3.91M
VT
220
Vise Technologies
New York
$3.88M
N
221
Nuveen
North Carolina
$3.88M
DWM
222
Diversify Wealth Management
Utah
$3.85M
CSS
223
Cubist Systematic Strategies
Connecticut
$3.84M
Kovitz Investment Group Partners
224
Kovitz Investment Group Partners
Illinois
$3.81M
SFA
225
Sequoia Financial Advisors
Ohio
$3.76M