SAP
SAP
931 hedge funds and large institutions have $17B invested in SAP in 2025 Q4 according to their latest regulatory filings, with 144 funds opening new positions, 317 increasing their positions, 334 reducing their positions, and 125 closing their positions.
27% more funds holding in top 10
Funds holding in top 10: 11 → 14 (+3)
17% more call options, than puts
Call options by funds: $328M | Put options by funds: $280M
15% more first-time investments, than exits
New positions opened: 144 | Existing positions closed: 125
0% more funds holding
Funds holding: 931 → 931 (0)
0.18% less ownership
Funds ownership: 6.21% → 6.04% (-0.18%)
5% less repeat investments, than reductions
Existing positions increased: 317 | Existing positions reduced: 334
12% less capital invested
Capital invested by funds: $19.3B → $17B (-$2.28B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
D.E. Shaw & Co
New York
|
+$352M |
| 2 |
Eagle Capital Management (New York)
New York
|
+$288M |
| 3 |
Millennium Management
New York
|
+$100M |
| 4 |
QC
Quadrature Capital
London,
United Kingdom
|
+$60.7M |
| 5 |
BCM
Barometer Capital Management
Toronto,
Ontario, Canada
|
+$46.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HL
Harding Loevner
Bridgewater,
New Jersey
|
-$488M |
| 2 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$266M |
| 3 |
Morgan Stanley
New York
|
-$217M |
| 4 |
Citigroup
New York
|
-$141M |
| 5 |
Capital International Investors
Los Angeles,
California
|
-$108M |
SAP Hedge Fund Activity: Q4 2025 in Review
931 of the 8,284 institutional investors tracked by Wall St. Rank reported a position in SAP (SAP) for Q4 2025, worth a combined $17B — down 12% from $19.3B a quarter earlier.
Buyers outnumbered sellers: 144 funds opened new SAP positions and 125 closed out — a net gain of 19 holders — while 317 added to existing stakes and 334 trimmed.
The largest buyer was D.E. Shaw & Co, adding an estimated $352M. The largest seller was Harding Loevner, cutting an estimated $488M.
- 931 institutional investors held SAP (SAP) as of Q4 2025, unchanged from Q3 2025.
- Funds reported $17B of SAP stock for Q4 2025, down 12% quarter-over-quarter.
- 144 funds opened new SAP positions in Q4 2025 and 125 closed out, a net change of +19 holders.
- The largest SAP buyer in Q4 2025 was D.E. Shaw & Co, an estimated $352M added.
- The largest SAP seller in Q4 2025 was Harding Loevner, an estimated $488M sold.
Based on aggregated 13F filings for Q4 2025.