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886 hedge funds and large institutions have $19.7B invested in SAP in 2025 Q1 according to their latest regulatory filings, with 125 funds opening new positions, 289 increasing their positions, 343 reducing their positions, and 77 closing their positions.

New
Increased
Maintained
Reduced
Closed

62% more first-time investments, than exits

New positions opened: 125 | Existing positions closed: 77

25% more funds holding in top 10

Funds holding in top 10: 1215 (+3)

12% more capital invested

Capital invested by funds: $17.6B → $19.7B (+$2.07B)

4% more funds holding

Funds holding: 856886 (+30)

0.21% more ownership

Funds ownership: 5.74%5.95% (+0.21%)

16% less repeat investments, than reductions

Existing positions increased: 289 | Existing positions reduced: 343

31% less call options, than puts

Call options by funds: $242M | Put options by funds: $349M

Holders
886
Holders Change
+30
Holders Change %
+3.5%
% of All Funds
11.88%
Holding in Top 10
15
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+25%
% of All Funds
0.2%
New
125
Increased
289
Reduced
343
Closed
77
Calls
$242M
Puts
$349M
Net Calls
-$107M
Net Calls Change
-$34.3M
Name Holding Trade Value Shares
Change
Change in
Stake
Fisher Asset Management
1
Fisher Asset Management
Washington
$3.49B +$2.15B +7,875,567 +154%
Fidelity Investments
2
Fidelity Investments
Massachusetts
$2.75B +$235M +863,742 +9%
Capital International Investors
3
Capital International Investors
California
$1.96B -$797M -2,925,065 -29%
Eagle Capital Management (New York)
4
Eagle Capital Management (New York)
New York
$886M -$350M -1,283,910 -28%
Morgan Stanley
5
Morgan Stanley
New York
$854M +$94.2M +345,794 +12%
HL
6
Harding Loevner
New Jersey
$675M -$50.4M -184,927 -7%
Bank of America
7
Bank of America
North Carolina
$450M +$98.6M +361,825 +28%
TD Asset Management
8
TD Asset Management
Ontario, Canada
$446M +$16.4M +60,261 +4%
Northern Trust
9
Northern Trust
Illinois
$406M +$11.1M +40,926 +3%
Goldman Sachs
10
Goldman Sachs
New York
$354M +$21.8M +80,164 +6%
Macquarie Group
11
Macquarie Group
Australia
$344M -$6.32M -23,207 -2%
WCM Investment Management
12
WCM Investment Management
California
$329M +$17.3M +63,538 +5%
BlackRock
13
BlackRock
New York
$319M +$17.6M +64,788 +6%
Ameriprise
14
Ameriprise
Minnesota
$304M -$17.4M -63,924 -5%
WPL
15
WINDACRE PARTNERSHIP LLC
Texas
$274M -$49.7M -182,600 -15%
Envestnet Asset Management
16
Envestnet Asset Management
Illinois
$271M -$44.2M -162,085 -14%
JP Morgan Chase
17
JP Morgan Chase
New York
$271M -$91.8M -337,061 -25%
Wells Fargo
18
Wells Fargo
California
$240M -$11.6M -42,603 -5%
Royal Bank of Canada
19
Royal Bank of Canada
Ontario, Canada
$201M -$2.44M -8,948 -1%
ClearBridge Investments
20
ClearBridge Investments
New York
$168M -$222M -814,560 -56%
Wellington Management Group
21
Wellington Management Group
Massachusetts
$164M -$14.6M -53,647 -8%
Polen Capital Management
22
Polen Capital Management
Florida
$146M -$125M -457,245 -46%
Arrowstreet Capital
23
Arrowstreet Capital
Massachusetts
$134M +$20M +73,457 +17%
Raymond James Financial
24
Raymond James Financial
Florida
$120M -$45.2M -165,840 -27%
Principal Financial Group
25
Principal Financial Group
Iowa
$106M -$33.8M -124,107 -24%