CAUSEWAY CAPITAL MANAGEMENT LLC SAP — SAP AG SPON ADR

Ownership history in CAUSEWAY CAPITAL MANAGEMENT LLC  ·  56 quarters on record

AI Ownership Summary

CAUSEWAY CAPITAL MANAGEMENT LLC reported SAP AG SPON ADR (SAP) in 56 quarterly 13F filings from 2023 Q4 through 2025 Q4. Peak portfolio weight reached 1.14% in 2024 Q2. The latest visible filing shows SAP at 0.84% of the fund.

This page tracks quarterly shares, estimated market value, portfolio weight, filing dates, and disclosure-aligned stock prices directly from SEC EDGAR 13F filings. Older history is available after unlock; the visible window still shows the most recent pattern.

What this SAP ownership page tells you

This page is designed to answer the real investor question behind a 13F filing: how meaningful was CAUSEWAY CAPITAL MANAGEMENT LLC's position in SAP AG SPON ADR, and how did that conviction change over time? You can read the holding window, peak weight, latest reported size, disclosure timing, and quarter-by-quarter changes without piecing the story together from raw SEC rows.

Freshest filing
Latest Reported Filing
2025 Q4

SAP was reported at 0.84% of portfolio in the most recent visible filing.

High-water mark
Peak Conviction
1.14% in 2024 Q2

Peak weight helps separate a token disclosure from a real conviction holding the fund genuinely cared about.

Time in book
Holding Window
2023 Q4 to 2025 Q4

Longer holding windows often tell a very different story from short-lived tactical trades or one-quarter experiments.

Decision context
Why It Matters
Position size beats headlines

Knowing that a fund owned a stock is useful. Knowing whether it was a 0.20% placeholder or a true high-conviction position is where the signal actually starts.

SAP stock page CAUSEWAY CAPITAL MANAGEMENT LLC fund profile CAUSEWAY CAPITAL MANAGEMENT LLC full holdings
How CAUSEWAY CAPITAL MANAGEMENT LLC held SAP — position size vs. price
% of Fund (quarterly)    SAP price (quarter-end, indexed to 100)    SPY (indexed to 100)    QQQ (indexed to 100)
📋 Quarterly Holdings History 9 quarters  ▾
Quarter Action Sold % After 3M Timing Shares Change Chg % % of Fund Mkt Value Filed Price (Filed)
2025 Q4 ADDED — — — 250,748 +57,000 +29.4% 0.84% $60.9M 2026-02-14 (Est.) $204.53
2025 Q3 ADDED — — — 193,748 +78,699 +68.4% 0.68% $51.8M 2025-11-13 $251.86
2025 Q2 REDUCED 25.8% -13.2% ✅ 115,049 -40,090 -25.8% 0.55% $35.0M 2025-08-13 $278.82
2025 Q1 REDUCED 12.8% +14.3% ❌ 155,139 -22,721 -12.8% 0.87% $41.6M 2025-05-14 $288.46
2024 Q4 REDUCED — — — 177,860 -1,188 -0.7% 1.00% $43.8M 2025-02-13 $291.06
2024 Q3 REDUCED 13.8% +8.6% ❌ 179,048 -28,679 -13.8% 1.01% $41.0M 2024-11-13 $227.94
2024 Q2 ADDED — — — 207,727 +6,170 +3.1% 1.14% $41.9M 2024-08-13 $209.13
2024 Q1 REDUCED 8.4% +3.5% ❌ 201,557 -18,415 -8.4% 1.03% $39.3M 2024-05-15 $188.35
2023 Q4 REDUCED 24.2% +26.8% ❌ 219,972 -70,349 -24.2% 0.87% $34.0M 2024-02-14 $173.70
47 older quarters hidden  —  Sign in free or upgrade to Premium to see full history

🏢 Other funds also holding SAP

As of 2026 Q1 — sorted by position size

COERENTE CAPITAL MANAGEMENT 3Y 4.39% Henry James International Management Inc. 3Y 7Y 2.57% DARA CAPITAL US, INC. 2.32% Bulltick Wealth Management, LLC 1.66% CHIRON CAPITAL MANAGEMENT, LLC 3Y 1.58% Pacific Capital Partners Ltd 1.4% CIDEL ASSET MANAGEMENT INC 3Y 7Y 1.34% Cox Capital Mgt LLC 3Y 7Y 1.22% Timber Creek Capital Management LLC 3Y 7Y 0.94% JCIC Asset Management Inc. 3Y 7Y 0.86%

FAQ About CAUSEWAY CAPITAL MANAGEMENT LLC and SAP

These are the practical questions this page is built to answer before you even open the full history table.

How long has CAUSEWAY CAPITAL MANAGEMENT LLC reported owning SAP?

CAUSEWAY CAPITAL MANAGEMENT LLC reported SAP across 9 quarterly 13F filings, from 2023 Q4 through 2025 Q4.

What was the largest reported SAP position in CAUSEWAY CAPITAL MANAGEMENT LLC's portfolio?

The largest reported portfolio weight for SAP was 1.14% in 2024 Q2.

What is the latest reported SAP position on this page?

The most recent filing on this page is 2025 Q4, when CAUSEWAY CAPITAL MANAGEMENT LLC reported 250,748 shares, equal to 0.84% of portfolio, with an estimated market value of $60.9M.

What does the chart on this SAP ownership page compare?

The chart compares CAUSEWAY CAPITAL MANAGEMENT LLC's quarterly SAP portfolio weight with the stock's indexed share price, so you can see whether the fund was building, trimming, or holding the position as price moved.

How well did CAUSEWAY CAPITAL MANAGEMENT LLC time their SAP position?

Based on 13F filing dates vs. subsequent SAP price moves, CAUSEWAY CAPITAL MANAGEMENT LLC correctly timed 26 out of 55 reported position changes (47%). The annualised alpha on SAP relative to SPY over the holding period was -3.2%.

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