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486 hedge funds and large institutions have $8.24B invested in SAP in 2019 Q2 according to their latest regulatory filings, with 80 funds opening new positions, 178 increasing their positions, 158 reducing their positions, and 51 closing their positions.

New
Increased
Maintained
Reduced
Closed

57% more first-time investments, than exits

New positions opened: 80 | Existing positions closed: 51

20% more capital invested

Capital invested by funds: $6.87B → $8.24B (+$1.36B)

13% more repeat investments, than reductions

Existing positions increased: 178 | Existing positions reduced: 158

5% more funds holding

Funds holding: 463486 (+23)

0.06% more ownership

Funds ownership: 4.85%4.91% (+0.06%)

25% less funds holding in top 10

Funds holding in top 10: 129 (-3)

55% less call options, than puts

Call options by funds: $31.2M | Put options by funds: $70M

Holders
486
Holders Change
+23
Holders Change %
+4.97%
% of All Funds
10.56%
Holding in Top 10
9
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-25%
% of All Funds
0.2%
New
80
Increased
178
Reduced
158
Closed
51
Calls
$31.2M
Puts
$70M
Net Calls
-$38.8M
Net Calls Change
-$24M
Name Holding Trade Value Shares
Change
Change in
Stake
HL
1
Harding Loevner
New Jersey
$1.1B +$55.3M +444,302 +6%
Fisher Asset Management
2
Fisher Asset Management
Washington
$1.01B +$32M +256,923 +4%
Fidelity Investments
3
Fidelity Investments
Massachusetts
$579M +$58.9M +473,381 +13%
Jennison Associates
4
Jennison Associates
New York
$416M +$318M +2,554,263 +524%
Bank of America
5
Bank of America
North Carolina
$316M -$31.2M -250,876 -10%
GQG Partners
6
GQG Partners
Florida
$298M -$38.9M -312,427 -13%
Lazard Asset Management
7
Lazard Asset Management
New York
$240M -$1.15M -9,266 -0.5%
Northern Trust
8
Northern Trust
Illinois
$234M +$4.72M +37,950 +2%
UBS Group
9
UBS Group
Switzerland
$226M +$133M +1,066,406 +182%
SGA
10
Sustainable Growth Advisers
Connecticut
$195M +$8.92M +71,681 +5%
CI
11
Cambiar Investors
Colorado
$187M -$46.6M -374,179 -21%
Wells Fargo
12
Wells Fargo
California
$180M +$4.35M +34,956 +3%
Arrowstreet Capital
13
Arrowstreet Capital
Massachusetts
$153M +$21.4M +171,777 +18%
PPA
14
Parametric Portfolio Associates
Washington
$147M +$3.38M +27,191 +3%
Neuberger Berman Group
15
Neuberger Berman Group
New York
$130M -$525K -4,222 -0.4%
ClearBridge Investments
16
ClearBridge Investments
New York
$127M -$20.2M -161,999 -15%
Goldman Sachs
17
Goldman Sachs
New York
$122M -$121M -969,846 -52%
Royal Bank of Canada
18
Royal Bank of Canada
Ontario, Canada
$119M +$6.23M +50,085 +6%
EM
19
Elliott Management
New York
$103M
Russell Investments Group
20
Russell Investments Group
United Kingdom
$84.9M -$8.5M -68,280 -10%
Morgan Stanley
21
Morgan Stanley
New York
$84.9M -$33.1M -266,218 -30%
Envestnet Asset Management
22
Envestnet Asset Management
Illinois
$78.7M +$3.05M +24,546 +4%
Principal Financial Group
23
Principal Financial Group
Iowa
$78.2M +$249 +2 +0%
Holocene Advisors
24
Holocene Advisors
New York
$76.5M +$69.6M +559,335 New
Connor, Clark & Lunn Investment Management (CC&L)
25
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$71.7M +$14.6M +117,443 +29%

SAP Hedge Fund Activity: Q2 2019 in Review

486 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in SAP (SAP) for Q2 2019, worth a combined $8.24B — up 20% from $6.87B a quarter earlier.

Buyers outnumbered sellers: 80 funds opened new SAP positions and 51 closed out — a net gain of 29 holders — while 178 added to existing stakes and 158 trimmed.

The largest buyer was Jennison Associates, adding an estimated $318M. The largest seller was Soroban Capital Partners, exiting entirely with an estimated $260M sold.

  • 486 institutional investors held SAP (SAP) as of Q2 2019, up from 463 in Q1 2019.
  • Funds reported $8.24B of SAP stock for Q2 2019, up 20% quarter-over-quarter.
  • 80 funds opened new SAP positions in Q2 2019 and 51 closed out, a net change of +29 holders.
  • The largest SAP buyer in Q2 2019 was Jennison Associates, an estimated $318M added.
  • The largest SAP seller in Q2 2019 was Soroban Capital Partners, an estimated $260M sold.

Based on aggregated 13F filings for Q2 2019.