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SAP
SAP

Overview Fund Activity

952 hedge funds and large institutions have $21.8B invested in SAP in 2025 Q2 according to their latest regulatory filings, with 161 funds opening new positions, 335 increasing their positions, 329 reducing their positions, and 64 closing their positions.

New
Increased
Maintained
Reduced
Closed
Holders
952
Holders Change
+77
Holders Change %
+8.8%
% of All Funds
12.78%
Holding in Top 10
15
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.2%
New
161
Increased
335
Reduced
329
Closed
64
Calls
$325M
Puts
$334M
Net Calls
-$9.25M
Net Calls Change
+$98.2M

Top Buyers

1
Fisher Asset Management
1
Fisher Asset Management
Washington
$4.31B
2
Bank of America
2
Bank of America
North Carolina
$806M
3
Goldman Sachs
3
Goldman Sachs
New York
$589M
4
Citigroup
4
Citigroup
New York
$187M
5
Qube Research & Technologies (QRT)
5
Qube Research & Technologies (QRT)
United Kingdom
$124M

Top Sellers

1
Capital International Investors
1
Capital International Investors
California
$1.23B
2
Fidelity Investments
2
Fidelity Investments
Massachusetts
$2.74B
3
Arrowstreet Capital
3
Arrowstreet Capital
Massachusetts
$50.5M
4
Marshall Wace
4
Marshall Wace
United Kingdom
$0
5
Eagle Capital Management (New York)
5
Eagle Capital Management (New York)
New York
$915M
Name Holding Trade Value Shares
Change 		Shares
Change %
Fisher Asset Management
1
Fisher Asset Management
Washington
$4.31B +$354M +1,163,616 +9%
Fidelity Investments
2
Fidelity Investments
Massachusetts
$2.74B -$374M -1,228,695 -12%
Capital International Investors
3
Capital International Investors
California
$1.23B -$979M -3,231,330 -44%
Morgan Stanley
4
Morgan Stanley
New York
$1.06B +$90.3M +297,090 +9%
Eagle Capital Management (New York)
5
Eagle Capital Management (New York)
New York
$915M -$89.6M -294,592 -9%
Bank of America
6
Bank of America
North Carolina
$806M +$296M +973,779 +58%
HL
7
Harding Loevner
New Jersey
$750M -$14.5M -47,558 -2%
Goldman Sachs
8
Goldman Sachs
New York
$589M +$187M +616,475 +47%
Northern Trust
9
Northern Trust
Illinois
$460M -$256K -841 -0.1%
TD Asset Management
10
TD Asset Management
Ontario, Canada
$455M -$50.5M -166,066 -10%
BlackRock
11
BlackRock
New York
$401M +$38.7M +127,325 +11%
WCM Investment Management
12
WCM Investment Management
California
$369M -$1.3M -4,308 -0.4%
Macquarie Group
13
Macquarie Group
Australia
$338M -$51.7M -170,066 -13%
Ameriprise
14
Ameriprise
Minnesota
$332M -$12.2M -39,971 -4%
JPMorgan Chase & Co
15
JPMorgan Chase & Co
New York
$331M +$23.8M +78,306 +8%
WPL
16
WINDACRE PARTNERSHIP LLC
Texas
$310M – – –
Envestnet Asset Management
17
Envestnet Asset Management
Illinois
$295M -$12.4M -40,833 -4%
Royal Bank of Canada
18
Royal Bank of Canada
Ontario, Canada
$246M +$18.2M +59,868 +8%
Wells Fargo
19
Wells Fargo
California
$245M -$27M -88,863 -10%
Citigroup
20
Citigroup
New York
$187M +$152M +500,710 +442%
ClearBridge Investments
21
ClearBridge Investments
New York
$181M -$9.63M -31,672 -5%
Wellington Management Group
22
Wellington Management Group
Massachusetts
$160M -$26.3M -86,371 -14%
Polen Capital Management
23
Polen Capital Management
Florida
$148M -$17.1M -56,228 -10%
Qube Research & Technologies (QRT)
24
Qube Research & Technologies (QRT)
United Kingdom
$124M +$112M +369,484 +952%
Natixis Advisors
25
Natixis Advisors
Massachusetts
$123M +$6.05M +19,889 +5%
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