SAP
SAP
583 hedge funds and large institutions have $8.51B invested in SAP in 2023 Q3 according to their latest regulatory filings, with 60 funds opening new positions, 262 increasing their positions, 158 reducing their positions, and 39 closing their positions.
66% more repeat investments, than reductions
Existing positions increased: 262 | Existing positions reduced: 158
54% more first-time investments, than exits
New positions opened: 60 | Existing positions closed: 39
2% more funds holding
Funds holding: 569 → 583 (+14)
5% more capital invested
Capital invested by funds: $8.11B → $8.51B (+$392M)
0.53% more ownership
Funds ownership: 4.83% → 5.35% (+0.53%)
11% less funds holding in top 10
Funds holding in top 10: 9 → 8 (-1)
52% less call options, than puts
Call options by funds: $117M | Put options by funds: $245M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Eagle Capital Management (New York)
New York
|
+$497M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$132M |
| 3 |
Capital International Investors
Los Angeles,
California
|
+$131M |
| 4 |
Lazard Asset Management
New York
|
+$65.4M |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
+$56.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$145M |
| 2 |
Fisher Asset Management
Camas,
Washington
|
-$74.6M |
| 3 |
FMI
Fiduciary Management Inc
Milwaukee,
Wisconsin
|
-$39.2M |
| 4 |
HL
Harding Loevner
Bridgewater,
New Jersey
|
-$22.6M |
| 5 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
-$18M |
SAP Hedge Fund Activity: Q3 2023 in Review
583 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in SAP (SAP) for Q3 2023, worth a combined $8.51B — up 4.8% from $8.11B a quarter earlier.
Buyers outnumbered sellers: 60 funds opened new SAP positions and 39 closed out — a net gain of 21 holders — while 262 added to existing stakes and 158 trimmed.
The largest buyer was Eagle Capital Management (New York), opening a new position worth an estimated $497M. The largest seller was Bank of America, cutting an estimated $145M.
- 583 institutional investors held SAP (SAP) as of Q3 2023, up from 569 in Q2 2023.
- Funds reported $8.51B of SAP stock for Q3 2023, up 4.8% quarter-over-quarter.
- 60 funds opened new SAP positions in Q3 2023 and 39 closed out, a net change of +21 holders.
- The largest SAP buyer in Q3 2023 was Eagle Capital Management (New York), an estimated $497M added.
- The largest SAP seller in Q3 2023 was Bank of America, an estimated $145M sold.
Based on aggregated 13F filings for Q3 2023.