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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: 295298 (+3)

0% more funds holding in top 10

Funds holding in top 10: 55 (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
Name Holding Trade Value Shares
Change
Change in
Stake
ECM
201
ETrade Capital Management
Virginia
$294K +$150K +1,889 +110%
CAM
202
Carret Asset Management
New York
$289K -$51.5K -650 -15%
OC
203
Oppenheimer & Co
New York
$286K +$63K +795 +29%
AP
204
Advisor Partners
California
$278K -$1.67K -21 -0.6%
EARNEST Partners
205
EARNEST Partners
Georgia
$278K +$54.7K +690 +25%
FFSOTS
206
Fiduciary Financial Services of The Southwest
Texas
$276K
YMRC
207
Yorktown Management & Research Company
Virginia
$276K
BWAM
208
Boyd Watterson Asset Management
Ohio
$267K
California Public Employees Retirement System
209
California Public Employees Retirement System
California
$257K
ST
210
Smithfield Trust
Pennsylvania
$255K -$17.4K -220 -7%
LTFS
211
Ladenburg Thalmann Financial Services
Florida
$255K +$23.5K +296 +10%
Nomura Holdings
212
Nomura Holdings
Japan
$254K -$807K -10,177 -77%
RMDI
213
R.M. Davis Inc
Maine
$253K -$35.7K -450 -13%
BFA
214
BlackRock Fund Advisors
California
$245K -$2.06K -26 -0.9%
CIP
215
Convergence Investment Partners
Florida
$242K -$31.6K -398 -12%
Creative Planning
216
Creative Planning
Kansas
$238K -$17.8K -225 -7%
CCA
217
Checchi Capital Advisers
California
$238K
CNB
218
City National Bank
California
$235K +$25.9K +327 +13%
MCM
219
MAI Capital Management
Ohio
$221K +$216K +2,724 New
FCM
220
Forester Capital Management
Illinois
$217K -$12.3K -155 -5%
ST
221
Sentinel Trust
Texas
$216K -$66.6K -840 -24%
SIA
222
Sit Investment Associates
Minnesota
$207K -$182K -2,300 -47%
RJT
223
Raymond James Trust
Florida
$207K -$39.3K -496 -16%
UCFA
224
United Capital Financial Advisors
Texas
$207K +$202K +2,549 New
FIM
225
Freedom Investment Management
Connecticut
$205K +$200K +2,521 New

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.