SAP
SAP
817 hedge funds and large institutions have $13B invested in SAP in 2026 Q2 according to their latest regulatory filings, with 107 funds opening new positions, 345 increasing their positions, 249 reducing their positions, and 120 closing their positions.
39% more repeat investments, than reductions
Existing positions increased: 345 | Existing positions reduced: 249
0% more call options, than puts
Call options by funds: $463M | Put options by funds: $461M
0.24% less ownership
Funds ownership: 7.44% → 7.21% (-0.24%)
3% less funds holding
Funds holding: 845 → 817 (-28)
11% less first-time investments, than exits
New positions opened: 107 | Existing positions closed: 120
13% less capital invested
Capital invested by funds: $14.9B → $13B (-$1.89B)
14% less funds holding in top 10
Funds holding in top 10: 7 → 6 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$464M |
| 2 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
+$384M |
| 3 |
Morgan Stanley
New York
|
+$317M |
| 4 |
WPL
WINDACRE PARTNERSHIP LLC
Houston,
Texas
|
+$279M |
| 5 |
Eagle Capital Management (New York)
New York
|
+$135M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$783M |
| 2 |
D.E. Shaw & Co
New York
|
-$479M |
| 3 |
QC
Quadrature Capital
London,
United Kingdom
|
-$170M |
| 4 |
JP Morgan Chase
New York
|
-$163M |
| 5 |
WCM Investment Management
Laguna Beach,
California
|
-$140M |
SAP Hedge Fund Activity: Q2 2026 in Review
817 of the 8,349 institutional investors tracked by Wall St. Rank reported a position in SAP (SAP) for Q2 2026, worth a combined $13B — down 13% from $14.9B a quarter earlier.
Sellers outnumbered buyers: 120 funds closed out of SAP and 107 opened new positions — a net loss of 13 holders — while 249 trimmed existing stakes and 345 added.
The largest buyer was Goldman Sachs, adding an estimated $464M. The largest seller was Fidelity Investments, cutting an estimated $783M.
- 817 institutional investors held SAP (SAP) as of Q2 2026, down from 845 in Q1 2026.
- Funds reported $13B of SAP stock for Q2 2026, down 13% quarter-over-quarter.
- 107 funds opened new SAP positions in Q2 2026 and 120 closed out, a net change of -13 holders.
- The largest SAP buyer in Q2 2026 was Goldman Sachs, an estimated $464M added.
- The largest SAP seller in Q2 2026 was Fidelity Investments, an estimated $783M sold.
Based on aggregated 13F filings for Q2 2026.