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SAP in the 13F filings

SAP Se · CUSIP 803054204

Sector · Software and IT servicesTheme · Cloud and enterprise software· L3VLUP-definedTheme · Prepackaged software
Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023
Quarter end
30 Jun 2026
the date the book describes
Filed
27 Oct 2026
latest of these filings; the earliest 3 Aug 2026
Managers listing it
25
at least, of 95 tracked, among listed positions
Comparable managers
91
filed both Q1 2026 and Q2 2026; 11 listed it in both
Shares listed
7,251,985
combined, among listed positions
Reported value
$1.1bn
combined, at the quarter end

1 line marked †. Value as filed implies a price far from other filers'. Each counts in holders and value as filed, and is left out of the net change in shares.

AllianceBernstein LP. Values in this filing are at the previous quarter end's prices; its share count is the quarter end's.

Among the 91 comparable managers: 10 buyers (opened or added shares) and 23 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was -8,554,484.

Managers listing SAP in Q2 2026

Share of 13F value is the position’s reported value over everything the manager reported that quarter. The share change is against Q1 2026, and only where both filings list the position. A rise in value with no rise in shares is the price, not buying.

25 of 25 holders

ActionFiling
Fidelity (FMR LLC)1,991,923$307munder 0.1%Trimmed-4,589,15713 Aug 2026 (the filing on sec.gov)
D. E. Shaw & Co.1,450,152$223m0.11%Trimmed-2,806,52014 Aug 2026 (the filing on sec.gov)
Ruane Cunniff & Goldfarb LP1,236,546$191m2.96%Added+486,63714 Aug 2026 (the filing on sec.gov)
Arrowstreet Capital LP823,529$127m0.06%Trimmed-56,68313 Aug 2026 (the filing on sec.gov)
Holocene Advisors LP638,000$98m0.22%Newnew14 Aug 2026 (the filing on sec.gov)
MFS Investment Management† Value as filed implies a price far from other filers'.227,588$44munder 0.1%Trimmed-8673 Aug 2026 (the filing on sec.gov)
Susquehanna International Group LLP178,749$28munder 0.1%Added+88,83014 Aug 2026 (the filing on sec.gov)
Neuberger Berman Group LLC176,863$27munder 0.1%Trimmed-8,39327 Oct 2026 (the filing on sec.gov)
Citadel Advisors LLC91,981$14munder 0.1%Trimmed-247,2262 Sep 2026 (the filing on sec.gov)
AQR Capital Management LLC90,633$14munder 0.1%Trimmed-11,60614 Aug 2026 (the filing on sec.gov)
Two Sigma Investments LP81,258$13munder 0.1%Trimmed-364,17814 Aug 2026 (the filing on sec.gov)
Invesco Ltd62,376$9.6munder 0.1%Added+11,53814 Aug 2026 (the filing on sec.gov)
Polen Capital Management LLC28,773$4.4munder 0.1%Trimmed-37,9014 Aug 2026 (the filing on sec.gov)
Squarepoint Ops LLC28,444$4.4munder 0.1%Added+11,71214 Aug 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc26,820$4.1munder 0.1%Added+4,51714 Aug 2026 (the filing on sec.gov)
Marshall Wace LLP22,620$3.5munder 0.1%Trimmed-174,77113 Aug 2026 (the filing on sec.gov)
Janus Henderson Group Ltd18,914$2.9munder 0.1%Added+16,53614 Aug 2026 (the filing on sec.gov)
Capital World Investors14,793$2.3munder 0.1%Trimmed-8412 Aug 2026 (the filing on sec.gov)
Schonfeld Strategic Advisors LLC12,338$1.9munder 0.1%Added+8,93914 Aug 2026 (the filing on sec.gov)
Walleye Capital LLC11,830$1.8munder 0.1%Trimmed-9,0893 Aug 2026 (the filing on sec.gov)
AllianceBernstein LP10,606$1.8munder 0.1%Trimmed-48014 Aug 2026 (the filing on sec.gov)
Winton Group Ltd11,780$1.8m0.06%Added+3,6607 Aug 2026 (the filing on sec.gov)
Millennium Management LLC9,103$1.4munder 0.1%Trimmed-9,94314 Aug 2026 (the filing on sec.gov)
Capital Research Global Investors4,693$727kunder 0.1%Trimmed-1,69512 Aug 2026 (the filing on sec.gov)
Harris Associates LP1,673$258kunder 0.1%Added+21914 Aug 2026 (the filing on sec.gov)

Largest increases and reductions, by shares

Q1 2026 to Q2 2026, among managers that listed it in both quarters or opened it.

Increases

Reductions

New positions and exits

At least these many: a manager is shown exiting only where its own filing shows the position gone.

New (1)

Exited (8)

Ownership over time

Every quarter on file. A quarter-end value moves with the price as well as with the shares held; buyers and sellers count comparable managers, by shares.
11 in Q3 2024 to 8 in Q2 2026

Tracked managers listing it, at least.

0510152014201620182020202220242026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
SAP by quarter
QuarterHoldersReported valueBuyersSellers
Q2 20134$265mn.a.n.a.
Q3 20134$99mn.a.n.a.
Q4 20133$106mn.a.n.a.
Q1 20143$139mn.a.n.a.
Q2 20145$126mn.a.n.a.
Q3 20144$112mn.a.n.a.
Q4 20141$94mn.a.n.a.
Q1 20152$126mn.a.n.a.
Q2 20154$114mn.a.n.a.
Q3 20154$99mn.a.n.a.
Q4 20152$106mn.a.n.a.
Q1 20163$130mn.a.n.a.
Q2 20161$115mn.a.n.a.
Q3 20163$250mn.a.n.a.
Q4 20163$246mn.a.n.a.
Q1 20174$267mn.a.n.a.
Q2 20172$246mn.a.n.a.
Q3 20176$301mn.a.n.a.
Q4 20174$288mn.a.n.a.
Q1 20189$586mn.a.n.a.
Q2 20186$946mn.a.n.a.
Q3 20189$1.3bnn.a.n.a.
Q4 20187$1.0bnn.a.n.a.
Q1 20197$1.0bnn.a.n.a.
Q2 20197$1.1bnn.a.n.a.
Q3 201911$1.1bnn.a.n.a.
Q4 201910$1.1bnn.a.n.a.
Q1 20208$823mn.a.n.a.
Q2 20205$1.0bnn.a.n.a.
Q3 20205$1.1bnn.a.n.a.
Q4 20204$823mn.a.n.a.
Q1 20218$929mn.a.n.a.
Q2 20215$824mn.a.n.a.
Q3 20218$892mn.a.n.a.
Q4 20217$1.0bnn.a.n.a.
Q1 20227$912mn.a.n.a.
Q2 20227$787mn.a.n.a.
Q3 202210$898mn.a.n.a.
Q4 20226$779mn.a.n.a.
Q1 20237$987mn.a.n.a.
Q2 20238$1.1bnn.a.n.a.
Q3 20239$1.1bnn.a.n.a.
Q4 20238$1.4bn44
Q1 20249$1.8bn55
Q2 202410$2.2bn73
Q3 202411$2.8bn74
Q4 20247$2.9bn44
Q1 20259$3.4bn45
Q2 20259$3.3bn46
Q3 20259$2.4bn72
Q4 202512$2.6bn1616
Q1 202614$2.4bn1915
Q2 20268$647m1023

Compare with…

Holders over time, buyers and sellers, and the managers holding both, side by side for up to four stocks.

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How much of the picture this is

A 13F is a manager’s long US-listed equity book at a quarter end, filed up to 45 days later. It shows no shorts, cash, bonds or performance, and it is never today’s portfolio. Large books are listed to their largest positions, so a manager missing from this table may still hold a small position below that line. These are 95 tracked managers, not the institutional market.

Which funds own SAP, latest filings →Back to the 13F Explorer →