SAP
SAP
931 hedge funds and large institutions have $19.3B invested in SAP in 2025 Q3 according to their latest regulatory filings, with 109 funds opening new positions, 340 increasing their positions, 334 reducing their positions, and 135 closing their positions.
5% more capital inflows, than outflows
Capital inflows: $2.3B | Capital outflows: $2.19B
2% more repeat investments, than reductions
Existing positions increased: 340 | Existing positions reduced: 334
0.05% more ownership
Funds ownership: 6.17% → 6.21% (+0.05%)
4% less funds holding
Funds holding: 970 → 931 (-39)
18% less call options, than puts
Call options by funds: $322M | Put options by funds: $393M
19% less first-time investments, than exits
New positions opened: 109 | Existing positions closed: 135
27% less funds holding in top 10
Funds holding in top 10: 15 → 11 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WPL
WINDACRE PARTNERSHIP LLC
Houston,
Texas
|
+$376M |
| 2 |
Morgan Stanley
New York
|
+$296M |
| 3 |
D.E. Shaw & Co
New York
|
+$259M |
| 4 |
Sustainable Growth Advisers
Stamford,
Connecticut
|
+$218M |
| 5 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
+$117M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$588M |
| 2 |
TD Asset Management
Toronto,
Ontario, Canada
|
-$279M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$169M |
| 4 |
Goldman Sachs
New York
|
-$117M |
| 5 |
Oribel Capital Management
New York
|
-$86.8M |
SAP Hedge Fund Activity: Q3 2025 in Review
931 of the 7,650 institutional investors tracked by Wall St. Rank reported a position in SAP (SAP) for Q3 2025, worth a combined $19.3B — down 12% from $21.9B a quarter earlier.
Sellers outnumbered buyers: 135 funds closed out of SAP and 109 opened new positions — a net loss of 26 holders — while 334 trimmed existing stakes and 340 added.
The largest buyer was WINDACRE PARTNERSHIP LLC, adding an estimated $376M. The largest seller was Fidelity Investments, cutting an estimated $588M.
- 931 institutional investors held SAP (SAP) as of Q3 2025, down from 970 in Q2 2025.
- Funds reported $19.3B of SAP stock for Q3 2025, down 12% quarter-over-quarter.
- 109 funds opened new SAP positions in Q3 2025 and 135 closed out, a net change of -26 holders.
- The largest SAP buyer in Q3 2025 was WINDACRE PARTNERSHIP LLC, an estimated $376M added.
- The largest SAP seller in Q3 2025 was Fidelity Investments, an estimated $588M sold.
Based on aggregated 13F filings for Q3 2025.