Free · no sign-up · Q2 2026

Which funds own SAP

SAP Se in the Q2 2026 filings. At least 5 of the 91 current managers on file reported a position, worth $517m between them. It is among the largest positions of fewer than a fifth of the current managers on file. Buying and selling roughly cancelled this quarter, which is what a name looks like when the argument is still live.

Managers holding: 5; at least, of 91 current
Combined value: $517m; as reported
Opened: 1; new this quarter
Added to: 2; already held
Trimmed or sold out: 5; 3 sold out entirely

Only each manager’s largest 200 positions are listed here, so a smaller holder may be missing.

Managers reporting a position

Largest first. Weight is the share of that manager’s whole reported book, which is the number worth quoting: $400m is a rounding error in one book and a defining bet in another.

Manager	Value	Weight	Shares	Change on the quarter	Action
D. E. Shaw & Co. Quantitative · $210bn book	$224m	0.1%	1,450,152	-$505m-2,806,520	Trimmed
Ruane Cunniff & Goldfarb LP Value · $6.4bn book	$191m	3.0%	1,236,546	+$62m+486,637	Added
Holocene Advisors LP Long/short equity · $44.4bn book	$98m	0.2%	638,000	opened638,000	New
Polen Capital Management LLC Long-only · $11.6bn book	$4.4m	0.0%	28,773	-$7.0m-37,901	Trimmed
Harris Associates LP Value · $75.4bn book	$300k	0.0%	1,673	unchanged+219	Added

Sold out of this quarter

Valued at what the position was worth in the previous filing, because by this one it is gone.

Voloridge Investment Management LLC · Quantitative$89m held before
Hudson Bay Capital Management LP · Multi-strategy$21m held before
Wellington Management Group LLP · Long-only$12m held before

Ownership through time

At least 8 of the 95 managers whose filings are on file listed SAP in Q2 2026, against 4 in Q2 2013. 6 managers fewer than in Q1 2026: 1 started a position; 2 sold out, by their own filings; 5 no longer listed it among the positions read, which can mean a holding below the listed range, a filing that reported no holdings, or a filing not yet made.

Each manager’s largest 500 positions a quarter are read, so a small holding in a very large book can be missing, and a manager is counted as leaving only where its own filing shows it.

Managers on file listing it

Their combined reported value

Between the quarter ends of Q1 2026 and Q2 2026. Each change in shares is valued at the Q2 2026 price, so the price’s own move is left out; a 13F shows the two quarter ends, not when in between anything was bought or sold.

Started in Q2 2026

Holocene Advisors LP$98m

Largest increases, by shares

Holocene Advisors LPnew: 638,000 shares+$98m
Ruane Cunniff & Goldfarb LP749,909 to 1,236,546 shares+$75m
Winton Group Ltd8,120 to 11,780 shares+$564k
Harris Associates LP1,454 to 1,673 shares+$34k

Largest decreases, by shares

D. E. Shaw & Co.4,256,672 to 1,450,152 shares-$433m
Arrowstreet Capital LP880,212 to 823,529 shares-$8.7m
Polen Capital Management LLC66,674 to 28,773 shares-$5.8m
Capital Research Global Investors6,388 to 4,693 shares-$263k

Left it

Voloridge Investment Management LLCwas $89m
Hudson Bay Capital Management LPwas $10m

Manager	First listed	Largest	Q2 2026
D. E. Shaw & Co.	Q3 2017	$729m	$223m
Ruane Cunniff & Goldfarb LP	Q3 2025	$191m	$191m
Arrowstreet Capital LP	Q1 2017	$198m	$127m
Holocene Advisors LP	Q1 2018	$172m	$98m
Polen Capital Management LLC	Q2 2013	$253m	$4.4m
Winton Group Ltd	Q4 2017	$51m	$1.8m
Capital Research Global Investors	Q1 2024	$7.5m	$727k
Harris Associates LP	Q3 2022	$258k	$258k
Fidelity (FMR LLC)	Q3 2018	$2.8bn	last listed Q1 2026
Soroban Capital Partners LP	Q1 2018	$632m	last listed Q3 2019
Wellington Management Group LLP	Q4 2024	$164m	last listed Q2 2025
Neuberger Berman Group LLC	Q2 2013	$158m	last listed Q4 2025
Capital World Investors	Q2 2013	$144m	last listed Q1 2025
Invesco Ltd	Q3 2016	$113m	last listed Q4 2017
Elliott Investment Management LP	Q1 2019	$103m	last listed Q4 2019
Millennium Management LLC	Q4 2025	$97m	last listed Q4 2025
Marshall Wace LLP	Q2 2021	$91m	last listed Q1 2026
Voloridge Investment Management LLC	Q3 2015	$89m	last listed Q1 2026

What SAP is worth

Knowing who owns it is half the question. The other half is what it is worth against the companies it trades beside, which is the one an interviewer will follow up with.

Build the comp set around SAP →

How much of the picture this is

A Form 13F reports US-listed long equity and nothing else: no shorts, no bonds, no cash and no non-US listings. It arrives forty-five days after the quarter ends, so a manager who sold in July still shows the position in a filing published in August. This page reads the managers on file here rather than every filer in the market, and each manager’s largest positions rather than the whole table, so a small position in a very large book may not appear. Say “their last filing showed” rather than “they own”, and the distinction will do you credit.

What to do with a name the funds are buying

Knowing who owns something is the start of a pitch, not the pitch. The next questions are what it is worth and why they were buying.

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