SAP
SAP
845 hedge funds and large institutions have $14.9B invested in SAP in 2026 Q1 according to their latest regulatory filings, with 99 funds opening new positions, 340 increasing their positions, 291 reducing their positions, and 172 closing their positions.
17% more repeat investments, than reductions
Existing positions increased: 340 | Existing positions reduced: 291
1.4% more ownership
Funds ownership: 6.04% → 7.44% (+1.4%)
9% less funds holding
Funds holding: 931 → 845 (-86)
13% less capital invested
Capital invested by funds: $17B → $14.9B (-$2.18B)
28% less call options, than puts
Call options by funds: $297M | Put options by funds: $410M
42% less first-time investments, than exits
New positions opened: 99 | Existing positions closed: 172
50% less funds holding in top 10
Funds holding in top 10: 14 → 7 (-7)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Eagle Capital Management (New York)
New York
|
+$765M |
| 2 |
D.E. Shaw & Co
New York
|
+$404M |
| 3 |
Goldman Sachs
New York
|
+$370M |
| 4 |
Capital International Investors
Los Angeles,
California
|
+$294M |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$218M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Sands Capital Management
Arlington,
Virginia
|
-$95.7M |
| 2 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$89.9M |
| 3 |
Millennium Management
New York
|
-$78.1M |
| 4 |
ClearBridge Investments
New York
|
-$73.2M |
| 5 |
NAMI
Nomura Asset Management International
Philadelphia,
Pennsylvania
|
-$72.8M |
SAP Hedge Fund Activity: Q1 2026 in Review
845 of the 8,208 institutional investors tracked by Wall St. Rank reported a position in SAP (SAP) for Q1 2026, worth a combined $14.9B — down 13% from $17B a quarter earlier.
Sellers outnumbered buyers: 172 funds closed out of SAP and 99 opened new positions — a net loss of 73 holders — while 291 trimmed existing stakes and 340 added.
The largest buyer was Eagle Capital Management (New York), adding an estimated $765M. The largest seller was Sands Capital Management, exiting entirely with an estimated $95.7M sold.
- 845 institutional investors held SAP (SAP) as of Q1 2026, down from 931 in Q4 2025.
- Funds reported $14.9B of SAP stock for Q1 2026, down 13% quarter-over-quarter.
- 99 funds opened new SAP positions in Q1 2026 and 172 closed out, a net change of -73 holders.
- The largest SAP buyer in Q1 2026 was Eagle Capital Management (New York), an estimated $765M added.
- The largest SAP seller in Q1 2026 was Sands Capital Management, an estimated $95.7M sold.
Based on aggregated 13F filings for Q1 2026.