917 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, 334 increasing their positions, 332 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: 109 | Existing positions closed: 135

27% less funds holding in top 10

Funds holding in top 10: 1511 (-4)

Holders
917
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
TI
201
Tidal Investments
Wisconsin
$5.01M
AP
202
Americana Partners
Texas
$4.92M
FFM
203
Forum Financial Management
Illinois
$4.91M
NW
204
NewEdge Wealth
Pennsylvania
$4.91M
PPW
205
Parcion Private Wealth
Washington
$4.9M
ET
206
Equitable Trust
Tennessee
$4.88M
AP
207
Arlington Partners
Alabama
$4.64M
TIM
208
Thornburg Investment Management
New Mexico
$4.63M
SC
209
Saturna Capital
Washington
$4.48M
Northwestern Mutual Wealth Management
210
Northwestern Mutual Wealth Management
Wisconsin
$4.3M
B
211
Bailard
California
$4.27M
JAM
212
JCIC Asset Management
Ontario, Canada
$4.24M
Fifth Third Bancorp
213
Fifth Third Bancorp
Ohio
$4.2M
Commonwealth Equity Services
214
Commonwealth Equity Services
Massachusetts
$4.16M
YCM
215
Yousif Capital Management
Michigan
$4.13M
VCM
216
Voleon Capital Management
California
$4.13M
PWM
217
Perigon Wealth Management
California
$4.12M
HCMT
218
Highland Capital Management (Tennessee)
Tennessee
$4.06M
Walleye Trading
219
Walleye Trading
New York
$3.97M
IMC Chicago
220
IMC Chicago
Illinois
$3.91M
VT
221
Vise Technologies
New York
$3.88M
N
222
Nuveen
North Carolina
$3.88M
DWM
223
Diversify Wealth Management
Utah
$3.85M
CSS
224
Cubist Systematic Strategies
Connecticut
$3.84M
Kovitz Investment Group Partners
225
Kovitz Investment Group Partners
Illinois
$3.81M