Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Sap Se (SAP)

841 + 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
↓ -84
Streak
1Q ▼
Buyers last Q
47%

Smart Money Signals — SAP

Based on 846 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, 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 — 88% of 3.0Y peak

88% of all-time peak
846 funds currently hold this stock — 88% of the 3.0-year high of 956 funds (reached 2025 Q2). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
〰️

Stable — ownership unchanged year-over-year

fund count last 6Q
The number of hedge funds holding SAP is almost the same as a year ago (-20 funds, -2% change). No significant rush to buy or sell — institutional backing is holding steady.
🟠

More sellers than buyers — 47% buying

439 buying488 selling
Last quarter: 488 funds reduced or exited vs 439 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
⚠️

Fewer new buyers each quarter (-49 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 169 → 110 → 151 → 102. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

64% of holders stayed for 2+ years

■ 64% conviction (2yr+) ■ 19% medium ■ 17% new
539 out of 846 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.
💎

Buying through price weakness — shares +21%, value -14%

Value
-14%
Shares
+21%
Last quarter: funds added +21% more shares while total portfolio value only changed -14%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
➡️

Steady discovery — ~102 new funds/quarter

124 → 169 → 110 → 151 → 102 new funds/Q
New funds entering each quarter: 169 → 110 → 151 → 102. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 66% veterans vs 21% newcomers

■ 66% veterans ■ 13% 1-2yr ■ 21% new
Entry-cohort mix of 879 holders: 583 (66%) are 2+ year veterans, 114 entered 1–2 years ago, and 182 (21%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 60% AUM from top-100 funds

60% from top-100 AUM funds
56 of 839 holders are among the 100 largest funds by AUM, controlling 60% 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.
3.0
out of 10
Low Exit Risk
Exit risk score 3.0/10 — 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 Q1, 439 hedge funds were net buyers of SAP (102 opened a new position, 337 added to an existing one), while 488 reduced or exited (302 trimmed, 186 sold completely) — a 47% buyer ratio, indicating roughly balanced activity. 60% of total institutional value in SAP is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -84 funds (more exits than new entries). Total institutional holders: 846.

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

-- --

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

Is It Too Late to Buy Sap Se (SAP) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much SAP has moved relative to its sector benchmark (XLK) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 79d ago
SAP
-7.3%
XLK
+39.8%

SAP outperformed XLK by -47.1% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 34d ago
SAP
-6.3%
XLK
+5.4%

Since the filing became public, SAP outperformed XLK by -11.7% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Broad Consensus, Selective Conviction

Many quality funds hold this stock, but top-tier positions remain relatively small.

39 top-rated funds 5 high-conviction
Consensus
7.0
/ 10
breadth
×
Elite
3.3
/ 10
conviction
Hedge Fund Positioning: SAP
841 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 841 930 -9.57%
13F Shares 88M 73M 21.14%
Total Value $15.39B $17.94B -14.23%
New Positions 99 151 -52
Increased Positions 334 317 +17
Closed Positions 188 141 +47
Reduced Positions 292 329 -37
Total Calls 20 20 -
Total Puts 18 17 5.88%
PUT/CALL Ratio 0.9 0.85 Neutral

Statistics: SAP

View More

Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q1)

841 + 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 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 TB Capital Gestao de Recursos Ltda. 8.14% 77,681 $13.3M
2 Promethos Capital, LLC 5.73% 124,631 $21.3M
3 Foresight Global Investors, Inc. 5.65% 50,825 $8.7M
4 Windacre Partnership LLC 5.06% 2,762,125 $472.9M
5 Night Owl Capital Management, LLC 4.97% 249,017 $42.6M
6 Eagle Capital Management LLC 4.51% 7,848,603 $1.34B
7 Coerente Capital Management 4.39% 137,685 $23.6M
8 Harber Asset Management LLC 3.42% 31,268 $5.4M
9 Dash Acquisitions Inc. 3.02% 81,128 $14.5M
10 Petrus Trust Company, LTA 2.85% 152,542 $26.1M
11 Henry James International Management Inc. 2.57% 41,642 $7.1M
12 Quadrature Capital Ltd 2.34% 1,147,405 $196.4M
13 Dara Capital US, INC. 2.32% 14,304 $2.4M
14 Rock Point Advisors, LLC 2.18% 47,137 $8.1M
15 Ruane, Cunniff & Goldfarb L.P. 2.13% 749,909 $128.4M
16 Burkett Asset Management Ltd 1.96% 11,590 $2.0M
17 Nia Impact Advisors, LLC 1.82% 23,861 $4.1M
18 Aviso Financial Inc. 1.81% 298,377 $51.1M
19 Bulltick Wealth Management, LLC 1.66% 43,998 $7.5M
20 Chiron Capital Management, LLC 1.58% 9,009 $1.5M
21 Pacific Capital Partners Ltd 1.40% 8,300 $1.4M
22 Cidel Asset Management Inc 1.34% 143,756 $24.6M
23 Cox Capital Mgt LLC 1.22% 10,764 $1.8M
24 Crawford Investment Counsel Inc 1.09% 373,176 $63.9M
25 Hollow Brook Wealth Management LLC 1.06% 24,360 $4.2M
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 — 1 quarter in a row: For 1 consecutive quarter, 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?

More sellers than buyers — 47% buying: Last quarter: 488 funds reduced or exited vs 439 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for SAP holders?

Elite ownership — 60% AUM from top-100 funds: 56 of 839 holders are among the 100 largest funds by AUM, controlling 60% 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?

64% of holders stayed for 2+ years: 539 out of 846 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.

Is it too late to buy Sap Se (SAP) following the 2026 Q1 hedge fund 13F filings?

As of today, SAP has moved -6.3% since the 2026 Q1 13F filing date (May 15, 2026), compared to +5.4% for the XLK sector ETF — an outperformance of -11.7%. Since the quarter end (March 31, 2026), SAP has gained -7.3% vs +39.8% for XLK. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

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.

Full history →