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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
HL
1
Harding Loevner
New Jersey
$541M +$8.53M +107,612 +2%
Fisher Asset Management
2
Fisher Asset Management
Washington
$483M -$23.7M -298,957 -5%
Goldman Sachs
3
Goldman Sachs
New York
$218M -$68.4M -862,624 -24%
SGA
4
Sustainable Growth Advisers
Connecticut
$155M +$4.12M +51,992 +3%
SI
5
Scout Investments
Missouri
$148M +$505K +6,368 +0.4%
RFC
6
Russell Frank Company
Washington
$102M +$12.5M +157,800 +14%
TIM
7
Thornburg Investment Management
New Mexico
$95.7M +$26.2M +330,345 +39%
Northern Trust
8
Northern Trust
Illinois
$95M +$22.3M +281,151 +32%
Neuberger Berman Group
9
Neuberger Berman Group
New York
$94.6M -$1.88M -23,702 -2%
MAA
10
Managed Account Advisors
New Jersey
$85.7M -$502K -6,330 -0.6%
AC
11
Alleghany Corporation
New York
$79.3M +$15M +188,928 +24%
Lazard Asset Management
12
Lazard Asset Management
New York
$76.9M -$27.6M -348,480 -27%
Macquarie Group
13
Macquarie Group
Australia
$76.6M +$18.1M +228,783 +32%
Invesco
14
Invesco
Georgia
$72M +$3.16M +39,796 +5%
Wells Fargo
15
Wells Fargo
California
$66.5M -$8.19M -103,315 -11%
FAM
16
Fred Alger Management
New York
$64.8M -$25.1M -317,209 -28%
JP Morgan Chase
17
JP Morgan Chase
New York
$53.6M -$12.2M -153,409 -19%
SC
18
Saturna Capital
Washington
$53M
Renaissance Technologies
19
Renaissance Technologies
New York
$43.6M +$34.2M +430,911 +412%
Morgan Stanley
20
Morgan Stanley
New York
$42.9M -$88.1M -1,111,859 -68%
CI
21
Cambiar Investors
Colorado
$40.1M +$12.3M +155,576 +46%
Bank of America
22
Bank of America
North Carolina
$39.3M -$28.4M -358,089 -43%
Royal Bank of Canada
23
Royal Bank of Canada
Ontario, Canada
$35.8M +$750K +9,460 +2%
JIC
24
Johnson Investment Counsel
Ohio
$32.9M +$3.55M +44,820 +12%
SAM
25
Sentinel Asset Management
Vermont
$30.6M

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.