SAP
SAP
273 hedge funds and large institutions have $3.09B invested in SAP in 2014 Q4 according to their latest regulatory filings, with 43 funds opening new positions, 92 increasing their positions, 91 reducing their positions, and 45 closing their positions.
67% more funds holding in top 10
Funds holding in top 10: 3 → 5 (+2)
5% more capital invested
Capital invested by funds: $2.93B → $3.09B (+$156M)
1% more repeat investments, than reductions
Existing positions increased: 92 | Existing positions reduced: 91
0.31% more ownership
Funds ownership: 3.31% → 3.62% (+0.31%)
3% less call options, than puts
Call options by funds: $144M | Put options by funds: $148M
4% less first-time investments, than exits
New positions opened: 43 | Existing positions closed: 45
3% less funds holding
Funds holding: 280 → 273 (-7)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$158M |
| 2 |
HL
Harding Loevner
Bridgewater,
New Jersey
|
+$91M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$42.2M |
| 4 |
Victory Capital Management
San Antonio,
Texas
|
+$34.5M |
| 5 |
FAM
Fred Alger Management
New York
|
+$30M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lazard Asset Management
New York
|
-$59.2M |
| 2 |
Goldman Sachs
New York
|
-$37.8M |
| 3 |
Fisher Asset Management
Camas,
Washington
|
-$25.3M |
| 4 |
Renaissance Technologies
New York
|
-$18.3M |
| 5 |
MAA
Managed Account Advisors
Jersey City,
New Jersey
|
-$14.2M |
SAP Hedge Fund Activity: Q4 2014 in Review
273 of the 3,765 institutional investors tracked by Wall St. Rank reported a position in SAP (SAP) for Q4 2014, worth a combined $3.09B — up 5.3% from $2.93B a quarter earlier.
Sellers outnumbered buyers: 45 funds closed out of SAP and 43 opened new positions — a net loss of 2 holders — while 91 trimmed existing stakes and 92 added.
The largest buyer was Fidelity Investments, adding an estimated $158M. The largest seller was Lazard Asset Management, cutting an estimated $59.2M.
- 273 institutional investors held SAP (SAP) as of Q4 2014, down from 280 in Q3 2014.
- Funds reported $3.09B of SAP stock for Q4 2014, up 5.3% quarter-over-quarter.
- 43 funds opened new SAP positions in Q4 2014 and 45 closed out, a net change of -2 holders.
- The largest SAP buyer in Q4 2014 was Fidelity Investments, an estimated $158M added.
- The largest SAP seller in Q4 2014 was Lazard Asset Management, an estimated $59.2M sold.
Based on aggregated 13F filings for Q4 2014.