SAP
SAP SE · Technology · Software - Application
Momentum inputs (comparable managers):
holder breadth +13.3% ·
share flow -2.8% ·
net new positions +11.8%
— formula
Ownership fragmentation — more holders, smaller aggregate stake
All ownership figures: tracked 13F managers only, common-stock positions, reporting period Q3 2025
| Quarter | Holders | Δ | Shares | Reported value | New | Exits |
|---|---|---|---|---|---|---|
| Q2 2026 | 112 | -9 | 58.48M | $9.01B | +6 | −15 |
| Q1 2026 | 123 | -2 | 62.53M | $10.69B | +7 | −10 |
| Q4 2025 | 124 | +1 | 52.53M | $12.76B | +3 | −1 |
| Q3 2025 | 17 | +2 | 32.68M | $8.73B | +2 | — |
| Q2 2025 | 12 | -2 | 25.32M | $7.70B | +1 | −3 |
| Q1 2025 | 12 | +2 | 14.65M | $3.93B | +2 | — |
| Q4 2024 | 10 | -2 | 6.33M | $1.56B | +1 | −3 |
| Q3 2024 | 11 | +1 | 5.54M | $1.28B | +1 | — |
| Q2 2024 | 10 | — | 5.87M | $1.18B | — | — |
| # | Manager | Shares | Δ shares | Value | Their weight | Held | ||
|---|---|---|---|---|---|---|---|---|
| 1 | Fisher Asset Management ✦ | 14.55M | +2.8% | $3.89B | 1.4% | ▲ Add | 6 | SEC ↗ |
| 2 | Fidelity (FMR) ✦ | 6.93M | -23.2% | $1.85B | 0.1% | ▼ Trim | 2 | SEC ↗ ×6 |
| 3 | Morgan Stanley ✦ | 4.53M | — | $1.21B | 0.1% | n/c | 1 | SEC ↗ ×15 |
| 4 | JPMorgan Chase ✦ | 2.23M | — | $596.77M | 0.0% | n/c | 1 | SEC ↗ ×24 |
| 5 | Goldman Sachs Group ✦ | 1.52M | — | $405.97M | 0.1% | n/c | 1 | SEC ↗ ×4 |
| 6 | BlackRock ✦ (passive) | 1.29M | -2.0% | $344.78M | 0.0% | ▼ Trim | 2 | SEC ↗ ×5 |
| 7 | D. E. Shaw & Co. ✦ | 921.03K | New | $246.11M | 0.2% | New | 1 | SEC ↗ |
| 8 | Wellington Management ✦ | 464.17K | -11.5% | $124.03M | 0.0% | ▼ Trim | 4 | SEC ↗ ×5 |
| 9 | Arrowstreet Capital ✦ | 120.99K | -27.2% | $32.33M | 0.0% | ▼ Trim | 6 | SEC ↗ |
| 10 | Citadel Advisors ✦ | 41.86K | -25.2% | $11.18M | 0.0% | ▼ Trim | 6 | SEC ↗ |
| 11 | AQR Capital Management ✦ | 36.16K | +9.4% | $9.66M | 0.0% | ▲ Add | 6 | SEC ↗ ×3 |
| 12 | Capital World Investors ✦ | 23.17K | -3.5% | $6.11M | 0.0% | ▼ Trim | 6 | SEC ↗ |
| 13 | State Street Global Advisors ✦ (passive) | 12.18K | 0.0% | $3.25M | 0.0% | Held | 4 | SEC ↗ |
| 14 | T. Rowe Price ✦ | 3.70K | +14.1% | $991,000 | 0.0% | ▲ Add | 5 | SEC ↗ ×2 |
| 15 | Millennium Management ✦ | 2.96K | -52.0% | $790,942 | 0.0% | ▼ Trim | 6 | SEC ↗ |
| 16 | Marshall Wace ✦ | 1.53K | New | $409,633 | 0.0% | New | 1 | SEC ↗ |
| 17 | Gotham Asset Management ✦ | 874 | +2.0% | $233,542 | 0.0% | ▲ Add | 2 | SEC ↗ |
“Their weight” = the position's share of that manager's reported 13F equity value — the conviction measure. ✦ = curated manager.
New buyers
| D. E. Shaw & Co. | $246.11M | 0.2% |
| Marshall Wace | $409,633 | 0.0% |
Exited
| No tracked exits this quarter. |
Full-market context: across ALL 13F filers (SEC structured data, Q1 2026): 837 holders, 85.40M shares, $14.47B reported. This is a different, older period than the tracked-universe figures above and the two are never mixed.
What else this security's tracked holders most often hold — shared-ownership counts, not fundamental relationships.