Who owns SAP
Which tracked institutional funds hold SAP, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See SAP company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-09-02). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
136 tracked funds added or opened SAP while 216 trimmed or exited it between 2026-Q1 and 2026-Q2 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
SAP’s largest tracked holder by dollar value, Fisher Asset Management, LLC, sizes it at 0.7% of its own reported 13F book, while the median holder sizes it at 0.1% of theirs — a 0.6pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in SAP divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2026-Q1 and 2026-Q2, across 778 tracked filers holding SAP, 440 increased or opened the position and 402 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in SAP between the 2026-Q1 and 2026-Q2 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 39
- Holocene Advisors, LP$98M
- First Pacific Advisors, LP$86M
- FORT WASHINGTON INVESTMENT ADVISORS INC /OH/$27M
- Ironvine Capital Partners, LLC$22M
- Meridiem Capital Partners LP$11M
- RBF Capital, LLC$8M
Full exits 63
- WCM INVESTMENT MANAGEMENT, LLC$140M
- JANE STREET GROUP, LLC$120M
- VOLORIDGE INVESTMENT MANAGEMENT, LLC$89M
- MENORA MIVTACHIM HOLDINGS LTD.$78M
- NATIXIS ADVISORS, LLC$48M
- Clearbridge Investments, LLC$32M
Largest adds
- GOLDMAN SACHS GROUP INC$363M
- HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC$343M
- MORGAN STANLEY$225M
- WINDACRE PARTNERSHIP LLC$205M
- Ruane, Cunniff & Goldfarb L.P.$62M
- FIRST TRUST ADVISORS LP$37M
Largest trims
- FMR LLC$820M
- D. E. Shaw & Co., Inc.$505M
- Fisher Asset Management, LLC$187M
- Quadrature Capital Ltd$173M
- JPMORGAN CHASE & CO$165M
- AMERIPRISE FINANCIAL INC$140M
Institutional holders
One row per tracked fund, most shares held first (every row is from one quarter; reported value breaks ties). “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding.
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| Fisher Asset Management, LLC added | 14,931,460 | $2.3B | 19.0% | 2026-Q2 |
| EAGLE CAPITAL MANAGEMENT LLC added | 8,640,615 | $1.3B | 11.0% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC added | 6,023,085 | $928M | 7.7% | 2026-Q2 |
| Capital International Investors added | 5,681,413 | $877M | 7.3% | 2026-Q2 |
| MORGAN STANLEY added | 5,476,111 | $844M | 7.0% | 2026-Q2 |
| WINDACRE PARTNERSHIP LLC added | 4,399,300 | $678M | 5.6% | 2026-Q2 |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC added | 2,508,905 | $387M | 3.2% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 2,391,150 | $369M | 3.0% | 2026-Q2 |
| FMR LLC trimmed | 1,991,923 | $307M | 2.5% | 2026-Q2 |
| D. E. Shaw & Co., Inc. trimmed | 1,450,152 | $223M | 1.8% | 2026-Q2 |
| BlackRock, Inc. added | 1,249,520 | $193M | 1.6% | 2026-Q2 |
| Ruane, Cunniff & Goldfarb L.P. added | 1,236,546 | $191M | 1.6% | 2026-Q2 |
| Tidal Investments LLC added | 1,214,315 | $187M | 1.5% | 2026-Q2 |
| NORTHERN TRUST CORP trimmed | 1,146,783 | $177M | 1.5% | 2026-Q2 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. added | 917,375 | $141M | 1.2% | 2026-Q2 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP trimmed | 823,529 | $127M | 1.1% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 791,300 | $122M | 1.0% | 2026-Q2 |
| ROYAL BANK OF CANADA added | 784,221 | $121M | 1.0% | 2026-Q2 |
| BROWN ADVISORY INC added | 715,364 | $110M | 0.9% | 2026-Q2 |
| UBS Group AG trimmed | 680,559 | $105M | 0.9% | 2026-Q2 |
| Holocene Advisors, LP added | 638,000 | $98M | 0.8% | 2026-Q2 |
| CAUSEWAY CAPITAL MANAGEMENT LLC added | 629,801 | $97M | 0.8% | 2026-Q2 |
| BRANDES INVESTMENT PARTNERS, LP added | 614,006 | $95M | 0.8% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC trimmed | 592,149 | $91M | 0.8% | 2026-Q2 |
| PRINCIPAL FINANCIAL GROUP INC added | 583,211 | $90M | 0.7% | 2026-Q2 |
| First Pacific Advisors, LP new | 555,426 | $86M | 0.7% | 2026-Q2 |
| FIRST TRUST ADVISORS LP added | 538,309 | $83M | 0.7% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC trimmed | 441,524 | $68M | 0.6% | 2026-Q2 |
| CIBC Bancorp USA Inc. added | 399,809 | $62M | 0.5% | 2026-Q2 |
| CRAWFORD INVESTMENT COUNSEL INC added | 387,737 | $60M | 0.5% | 2026-Q2 |
| Sustainable Growth Advisers, LP trimmed | 351,771 | $54M | 0.4% | 2026-Q2 |
| JPMORGAN CHASE & CO trimmed | 324,086 | $50M | 0.4% | 2026-Q2 |
| Aviso Financial Inc. trimmed | 289,401 | $45M | 0.4% | 2026-Q2 |
| Harding Loevner LP trimmed | 281,110 | $44M | 0.4% | 2026-Q2 |
| TD Asset Management Inc trimmed | 243,499 | $38M | 0.3% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC trimmed | 235,293 | $36M | 0.3% | 2026-Q2 |
| Bank of New York Mellon Corp added | 228,173 | $35M | 0.3% | 2026-Q2 |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ trimmed | 227,588 | $44M | 0.4% | 2026-Q2 |
| SEI INVESTMENTS CO added | 215,546 | $33M | 0.3% | 2026-Q2 |
| BNP PARIBAS FINANCIAL MARKETS trimmed | 208,031 | $32M | 0.3% | 2026-Q2 |
| Quantinno Capital Management LP added | 207,511 | $32M | 0.3% | 2026-Q2 |
| AMF Tjanstepension AB | 195,895 | $30M | 0.2% | 2026-Q2 |
| Night Owl Capital Management, LLC trimmed | 188,848 | $29M | 0.2% | 2026-Q2 |
| MARSICO CAPITAL MANAGEMENT LLC added | 186,261 | $29M | 0.2% | 2026-Q2 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 182,764 | $28M | 0.2% | 2026-Q2 |
| Vident Advisory, LLC added | 182,310 | $28M | 0.2% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 178,749 | $28M | 0.2% | 2026-Q2 |
| 1832 Asset Management L.P. trimmed | 177,629 | $27M | 0.2% | 2026-Q2 |
| JONES FINANCIAL COMPANIES LLLP added | 177,112 | $27M | 0.2% | 2026-Q2 |
| NEUBERGER BERMAN GROUP LLC trimmed | 176,863 | $27M | 0.2% | 2026-Q2 |
| BECKER CAPITAL MANAGEMENT INC added | 174,594 | $27M | 0.2% | 2026-Q2 |
| FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ new | 172,140 | $27M | 0.2% | 2026-Q2 |
| AMERICAN CENTURY COMPANIES INC added | 164,217 | $25M | 0.2% | 2026-Q2 |
| COERENTE CAPITAL MANAGEMENT added | 160,606 | $25M | 0.2% | 2026-Q2 |
| STIFEL FINANCIAL CORP added | 159,163 | $25M | 0.2% | 2026-Q2 |
| Creative Planning added | 157,554 | $24M | 0.2% | 2026-Q2 |
| Quadrature Capital Ltd trimmed | 153,061 | $24M | 0.2% | 2026-Q2 |
| Promethos Capital, LLC added | 144,421 | $22M | 0.2% | 2026-Q2 |
| Ironvine Capital Partners, LLC new | 144,159 | $22M | 0.2% | 2026-Q2 |
| PNC Financial Services Group, Inc. added | 135,241 | $21M | 0.2% | 2026-Q2 |
| LPL Financial LLC added | 134,987 | $21M | 0.2% | 2026-Q2 |
| Cerity Partners LLC trimmed | 130,973 | $20M | 0.2% | 2026-Q2 |
| Fayez Sarofim & Co added | 128,397 | $20M | 0.2% | 2026-Q2 |
| BANK OF MONTREAL /CAN/ added | 127,957 | $20M | 0.2% | 2026-Q2 |
| Capital International, Inc./CA/ added | 126,181 | $19M | 0.2% | 2026-Q2 |
| RIVERBRIDGE PARTNERS LLC trimmed | 125,736 | $19M | 0.2% | 2026-Q2 |
| Pathstone Holdings, LLC trimmed | 125,522 | $19M | 0.2% | 2026-Q2 |
| Aberdeen Group plc trimmed | 119,200 | $18M | 0.2% | 2026-Q2 |
| THORNBURG INVESTMENT MANAGEMENT INC added | 119,017 | $18M | 0.2% | 2026-Q2 |
| Grantham, Mayo, Van Otterloo & Co. LLC added | 117,647 | $18M | 0.2% | 2026-Q2 |
| Obermeyer Wealth Partners added | 116,031 | $18M | 0.1% | 2026-Q2 |
| CAPTRUST FINANCIAL ADVISORS added | 115,068 | $18M | 0.1% | 2026-Q2 |
| CIDEL ASSET MANAGEMENT INC trimmed | 111,952 | $17M | 0.1% | 2026-Q2 |
| DEPRINCE RACE & ZOLLO INC trimmed | 102,198 | $16M | 0.1% | 2026-Q2 |
| Ramirez Asset Management, Inc. added | 101,630 | $16M | 0.1% | 2026-Q2 |
| ASSETMARK, INC added | 101,442 | $16M | 0.1% | 2026-Q2 |
| Connor, Clark & Lunn Investment Management Ltd. trimmed | 100,549 | $15M | 0.1% | 2026-Q2 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed | 97,555 | $15M | 0.1% | 2026-Q2 |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC added | 93,836 | $14M | 0.1% | 2026-Q2 |
| CITADEL ADVISORS LLC trimmed | 91,981 | $14M | 0.1% | 2026-Q2 |
| TB Capital Gestao de Recursos Ltda. added | 91,841 | $14M | 0.1% | 2026-Q2 |
| Cardinal Capital Management, Inc. added | 90,961 | $14M | 0.1% | 2026-Q2 |
| AQR CAPITAL MANAGEMENT LLC trimmed | 90,633 | $14M | 0.1% | 2026-Q2 |
| CITIGROUP INC added | 88,813 | $14M | 0.1% | 2026-Q2 |
| US BANCORP \DE\ trimmed | 88,375 | $14M | 0.1% | 2026-Q2 |
| Allspring Global Investments Holdings, LLC added | 84,946 | $14M | 0.1% | 2026-Q2 |
| PRIMECAP MANAGEMENT CO/CA/ added | 82,500 | $13M | 0.1% | 2026-Q2 |
| TWO SIGMA INVESTMENTS, LP trimmed | 81,258 | $13M | 0.1% | 2026-Q2 |
| Dash Acquisitions Inc. trimmed | 79,218 | $16M | 0.1% | 2026-Q2 |
| Russell Investments Group, Ltd. added | 78,706 | $12M | 0.1% | 2026-Q2 |
| Crossmark Global Holdings, Inc. added | 77,739 | $12M | 0.1% | 2026-Q2 |
| SCOTIA CAPITAL INC. added | 75,429 | $12M | 0.1% | 2026-Q2 |
| Bulltick Wealth Management, LLC added | 74,064 | $11M | 0.1% | 2026-Q2 |
| Nuveen, LLC added | 72,689 | $11M | 0.1% | 2026-Q2 |
| Meridiem Capital Partners LP added | 72,235 | $11M | 0.1% | 2026-Q2 |
| Ethic Inc. trimmed | 70,908 | $11M | 0.1% | 2026-Q2 |
| QRG CAPITAL MANAGEMENT, INC. added | 68,368 | $11M | 0.1% | 2026-Q2 |
| Cetera Investment Advisers added | 67,923 | $10M | 0.1% | 2026-Q2 |
| Value Partners Investments Inc. added | 66,045 | $10M | 0.1% | 2026-Q2 |
| NorthCrest Asset Manangement, LLC added | 63,825 | $10M | 0.1% | 2026-Q2 |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.