Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Sap Se (SAP)

804 + Investors. Track Smart Money conviction in SAP. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -20
Streak
2Q ▼
Buyers last Q
55%

Smart Money Signals — SAP

Based on 828 hedge funds · latest filing: 2026 Q2 · updated quarterly

📉

Selling streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds reduced or closed their SAP positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 87% of 3.0Y peak

87% of all-time peak
828 funds currently hold this stock — 87% of the 3.0-year high of 957 funds (reached 2025 Q2). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 13% fewer funds vs a year ago

fund count last 6Q
129 fewer hedge funds hold SAP compared to a year ago (-13% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟡

Slight buying edge — 55% buying

474 buying388 selling
Last quarter: 474 funds bought or added vs 388 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
📈

More new buyers each quarter (+15 vs last Q)

new funds entering per quarter
Funds opening a new SAP position: 110 → 152 → 103 → 118. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

63% of holders stayed for 2+ years

■ 63% conviction (2yr+) ■ 19% medium ■ 18% new
519 out of 828 hedge funds have held SAP for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
📊

Peak discovery — momentum slowing

170 → 110 → 152 → 103 → 118 new funds/Q
New funds entering each quarter: 110 → 152 → 103 → 118. SAP is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Veteran-anchored — 68% veterans vs 21% newcomers

■ 68% veterans ■ 11% 1-2yr ■ 21% new
Entry-cohort mix of 862 holders: 584 (68%) are 2+ year veterans, 95 entered 1–2 years ago, and 183 (21%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 59% AUM from top-100 funds

59% from top-100 AUM funds
54 of 814 holders are among the 100 largest funds by AUM, controlling 59% of total institutional value in SAP. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
2.8
out of 10
Low Exit Risk
Exit risk score 2.8/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — SAP

In 2026 Q2, 474 hedge funds were net buyers of SAP (118 opened a new position, 356 added to an existing one), while 388 reduced or exited (250 trimmed, 138 sold completely) — a 55% buyer ratio, indicating a slight buying edge. Net selling has persisted for two consecutive quarters. 59% of total institutional value in SAP is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -20 funds (more exits than new entries). Total institutional holders: 828.

Hedge Fund Ownership: SAP

How many hedge funds hold SAP — quarterly history vs. share price
Quarterly hedge fund ownership of SAP vs. share price

Market Analysis: SAP

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: SAP

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Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

27 top-rated funds 5 high-conviction
Consensus
6.3
/ 10
breadth
×
Elite
3.5
/ 10
conviction
Hedge Fund Positioning: SAP
804 + Investors

Track Smart Money conviction in SAP. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 804 848 -5.19%
13F Shares 89M 88M 0.72%
Total Value $13.61B $15.41B -11.69%
New Positions 114 103 +11
Increased Positions 347 335 +12
Closed Positions 144 186 -42
Reduced Positions 240 294 -54
Total Calls 27 20 35.0%
Total Puts 19 18 5.56%
PUT/CALL Ratio 0.7 0.9 Neutral

Statistics: SAP

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Financial Highlights

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Institutional Holders (2026 Q2)

804 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in SAP. Verified SEC 13F-HR filings.

QUARTER:
Top 25 SAP holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 TB Capital Gestao de Recursos Ltda. 7.75% 91,841 $14.2M
2 Windacre Partnership LLC 6.70% 4,399,300 $678.0M
3 Promethos Capital, LLC 6.05% 144,421 $22.3M
4 Foresight Global Investors, Inc. 4.80% 51,414 $7.9M
5 Coerente Capital Management 4.56% 160,606 $24.8M
6 Eagle Capital Management LLC 4.07% 8,640,615 $1.33B
7 Dash Acquisitions Inc. 3.28% 79,218 $16.2M
8 Night Owl Capital Management, LLC 3.05% 188,848 $29.1M
9 Ruane, Cunniff & Goldfarb L.P. 2.96% 1,236,546 $190.6M
10 Harber Asset Management LLC 2.51% 27,148 $4.2M
11 Bulltick Wealth Management, LLC 2.33% 74,064 $11.4M
12 Ironvine Capital Partners, LLC 2.07% 144,159 $22.2M
13 Henry James International Management Inc. 2.01% 43,546 $6.7M
14 Rock Point Advisors, LLC 1.93% 51,172 $7.9M
15 Burkett Asset Management Ltd 1.85% 12,845 $2.0M
16 Nia Impact Advisors, LLC 1.69% 26,402 $4.1M
17 Ramirez Asset Management, Inc. 1.63% 101,630 $15.7M
18 Aviso Financial Inc. 1.55% 289,401 $44.6M
19 Chiron Capital Management, LLC 1.26% 9,107 $1.4M
20 Sterling Investment Management, LLC 1.25% 14,741 $2.3M
21 Hotchkis & Wiley Capital Management LLC 1.13% 2,508,905 $386.6M
22 First Pacific Advisors, LP 1.06% 555,426 $85.6M
23 Causeway Capital Management LLC 1.05% 629,801 $97.1M
24 Capstone Capital Management Ltd 1.02% 14,778 $2.3M
25 Crawford Investment Counsel Inc 1.00% 387,737 $59.8M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Sap Se (SAP)

What does the Smart Money Trend signal show for SAP?

Selling streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds reduced or closed their SAP positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for SAP?

Slight buying edge — 55% buying: Last quarter: 474 funds bought or added vs 388 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for SAP holders?

Elite ownership — 59% AUM from top-100 funds: 54 of 814 holders are among the 100 largest funds by AUM, controlling 59% of total institutional value in SAP. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held SAP?

63% of holders stayed for 2+ years: 519 out of 828 hedge funds have held SAP for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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