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SAP SE

SAP
Exchange
NYSE
Industry
Services-Prepackaged Software
SEC CIK
0001000184

No open-market purchases or sales by SAP SE insiders were filed in the last 90 days; 818 institutions reported holding it in 13F filings for Q2 2026, worth $13.0B in total; Harris Associates (Oakmark) is the only superinvestor holding it.

Other share classesSAPGF

13F holders, Q3 2025

Institutional positions in SAP SE as of Sep 30, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
930
−27 vs. Q2 2025
Shares held
72.4M
+483.8K (+0.7%) vs. Q2 2025
Total value
$19.3B
−$2.53B (−11.6%) vs. Q2 2025
New holders
109
340 more added
Sold out
136
334 more reduced

13 institutions that held it in Q2 2025 haven't filed for Q3 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q2 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting SAP on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ3 2025: 930 institutions
Q1 2021: 505 institutionsQ2 2021: 513 institutionsQ3 2021: 525 institutionsQ4 2021: 535 institutionsQ1 2022: 507 institutionsQ2 2022: 490 institutionsQ3 2022: 451 institutionsQ4 2022: 493 institutionsQ1 2023: 532 institutionsQ2 2023: 570 institutionsQ3 2023: 584 institutionsQ4 2023: 647 institutionsQ1 2024: 706 institutionsQ2 2024: 743 institutionsQ3 2024: 792 institutionsQ4 2024: 859 institutionsQ1 2025: 889 institutionsQ2 2025: 970 institutionsQ3 2025: 930 institutionsQ4 2025: 931 institutionsQ1 2026: 847 institutionsQ2 2026: 818 institutions
Value heldQ3 2025: $19.3B
Q1 2021: $6.49BQ2 2021: $7.25BQ3 2021: $6.82BQ4 2021: $6.76BQ1 2022: $5.93BQ2 2022: $5.45BQ3 2022: $5.05BQ4 2022: $6.17BQ1 2023: $7.49BQ2 2023: $8.11BQ3 2023: $8.50BQ4 2023: $10.2BQ1 2024: $12.6BQ2 2024: $14.2BQ3 2024: $15.8BQ4 2024: $17.4BQ1 2025: $19.6BQ2 2025: $21.9BQ3 2025: $19.3BQ4 2025: $17.0BQ1 2026: $14.9BQ2 2026: $13.0B
Institutions holding SAP and their total value by quarter
QuarterHoldersValue
Q2 2026818$13.0B
Q1 2026847$14.9B
Q4 2025931$17.0B
Q3 2025930$19.3B
Q2 2025970$21.9B
Q1 2025889$19.6B
Q4 2024859$17.4B
Q3 2024792$15.8B
Q2 2024743$14.2B
Q1 2024706$12.6B
Q4 2023647$10.2B
Q3 2023584$8.50B
Q2 2023570$8.11B
Q1 2023532$7.49B
Q4 2022493$6.17B
Q3 2022451$5.05B
Q2 2022490$5.45B
Q1 2022507$5.93B
Q4 2021535$6.76B
Q3 2021525$6.82B
Q2 2021513$7.25B
Q1 2021505$6.49B

Institutions, Q3 2025

Shares, value and share of portfolio for each institution holding SAP SE; share changes are against Q2 2025.

Institutions holding SAP in Q3 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Fisher Asset Management, LLC14,549,331$3.89B1.41%+392,010+2.8%Added
FMR LLC6,926,639$1.85B0.10%−2,091,585−23.2%Reduced
Morgan Stanley4,531,184$1.21B0.07%+1,051,011+30.2%Added
Capital International Investors4,010,185$1.07B0.17%−47,904−1.2%Reduced
Eagle Capital Management LLC3,012,552$805.0M2.56%+4,772+0.2%Added
Windacre Partnership LLC2,357,225$629.9M7.88%+1,336,325+130.9%Added
Harding Loevner LP2,300,337$614.7M4.51%−165,256−6.7%Reduced
Bank of America Corp2,048,590$547.4M0.04%−601,828−22.7%Reduced
Northern Trust Corp1,560,994$417.1M0.05%+49,111+3.2%Added
Goldman Sachs Group Inc1,519,289$406.0M0.06%−416,094−21.5%Reduced
BlackRock, Inc.1,290,278$344.8M0.01%−26,963−2.0%Reduced
WCM Investment Management, LLC1,221,588$322.3M0.67%−3,190−0.3%Reduced
JPMorgan Chase & Co1,116,675$298.4M0.02%+28,924+2.7%Added
Ameriprise Financial Inc1,120,408$296.8M0.07%+30,806+2.8%Added
Macquarie Group Ltd995,327$266.0M0.31%−115,733−10.4%Reduced
Envestnet Asset Management Inc944,835$252.5M0.07%−24,350−2.5%Reduced
D. E. Shaw & Co., Inc.921,031$246.1M0.20%+921,031New
Sustainable Growth Advisers, LP842,416$225.1M1.32%+773,720+1,126.3%Added
Wells Fargo & Company728,504$194.7M0.04%−77,297−9.6%Reduced
Royal Bank of Canada708,775$189.4M0.03%−100,386−12.4%Reduced
Citigroup Inc599,531$160.2M0.11%−14,435−2.4%Reduced
Clearbridge Investments, LLC550,234$147.0M0.11%−45,378−7.6%Reduced
TD Asset Management Inc504,678$134.9M0.11%−992,065−66.3%Reduced
Manufacturers Life Insurance Company, The472,838$126.3M0.10%+325,549+221.0%Added
Wellington Management Group LLP464,174$124.0M0.02%−60,403−11.5%Reduced
Sands Capital Management, LLC440,270$117.6M0.32%+150,884+52.1%Added
BNP Paribas Arbitrage, SA435,253$116.3M0.09%+308,629+243.7%Added
Thrivent Financial for Lutherans421,173$112.5M0.22%+416,678+9,269.8%Added
Natixis Advisors, L.P.415,087$110.9M0.16%+9,195+2.3%Added
Raymond James Financial Inc384,689$102.8M0.03%−7,580−1.9%Reduced
Principal Financial Group Inc382,375$102.2M0.05%−6,809−1.7%Reduced
Crawford Investment Counsel Inc362,866$97.0M1.61%+1,235+0.3%Added
Polen Capital Management LLC344,952$92.2M0.30%−141,519−29.1%Reduced
Aviso Financial Inc.283,560$75.8M3.08%+4,259+1.5%Added
Qube Research & Technologies Ltd282,194$75.4M0.11%−126,121−30.9%Reduced
Neuberger Berman Group LLC264,583$70.6M0.05%+23,535+9.8%Added
UBS Group AG247,716$66.2M0.01%+79,254+47.0%Added
Bank of New York Mellon Corp245,653$65.6M0.01%−27,799−10.2%Reduced
Night Owl Capital Management, LLC245,058$65.5M7.14%+2,085+0.9%Added
SEI Investments Co238,474$63.7M0.07%+38,098+19.0%Added
First Trust Advisors LP226,131$60.4M0.04%−40,712−15.3%Reduced
Massachusetts Financial Services Co212,223$56.7M0.02%+39,172+22.6%Added
Causeway Capital Management LLC193,748$51.8M0.68%+78,699+68.4%Added
AMF Pensionsforsakring AB190,311$50.9M0.32%+137,474+260.2%Added
GWM Advisors LLC188,933$50.5M0.23%−552−0.3%Reduced
Bank of Montreal179,922$48.1M0.02%−78,350−30.3%Reduced
Becker Capital Management Inc167,537$44.8M1.31%−2,201−1.3%Reduced
Jarislowsky, Fraser Ltd165,093$44.1M0.24%+20,512+14.2%Added
Voloridge Investment Management, LLC160,784$43.0M0.14%+160,784New
Jennison Associates LLC154,300$41.2M0.02%−67,049−30.3%Reduced
Mar Vista Investment Partners LLC141,152$37.7M3.28%−6,213−4.2%Reduced
Stifel Financial Corp140,201$37.5M0.03%+5,783+4.3%Added
Mariner, LLC139,836$37.4M0.05%+88,918+174.6%Added
Cidel Asset Management Inc139,273$37.2M2.14%+12,268+9.7%Added
Petrus Trust Company, LTA136,942$36.6M4.01%+51,000+59.3%Added
US Bancorp136,161$36.4M0.04%−15,577−10.3%Reduced
Brandes Investment Partners, LP134,757$36.0M0.29%+60,744+82.1%Added
Cerity Partners LLC128,881$34.4M0.06%+24,273+23.2%Added
LPL Financial LLC128,295$34.3M0.01%+4,534+3.7%Added
Creative Planning128,105$34.2M0.03%+1,380+1.1%Added
GF Fund Management Co. Ltd.126,254$33.7M0.61%+14,861+13.3%Added
CIBC Private Wealth Group, LLC122,977$32.9M0.06%+17,153+16.2%Added
Charles Schwab Investment Management Inc122,904$32.8M0.01%+16,322+15.3%Added
Arrowstreet Capital, Limited Partnership120,987$32.3M0.02%−45,182−27.2%Reduced
Marsico Capital Management LLC118,834$31.8M0.81%−58,724−33.1%Reduced
Voya Investment Management LLC118,541$31.7M0.03%−43,599−26.9%Reduced
Captrust Financial Advisors117,545$31.4M0.06%+67,783+136.2%Added
American Century Companies Inc117,090$31.3M0.02%+3,543+3.1%Added
O'Shaughnessy Asset Management, LLC114,763$30.7M0.18%−972−0.8%Reduced
Coerente Capital Management112,466$30.1M5.34%+673+0.6%Added
Quantinno Capital Management LP110,659$29.6M0.08%+15,455+16.2%Added
Obermeyer Wood Investment Counsel, LLLP107,455$28.7M1.35%−829−0.8%Reduced
Quadrature Capital Ltd106,096$28.4M0.34%+106,096New
Promethos Capital, LLC132,967$27.8M7.47%+33,855+34.2%Added
Allspring Global Investments Holdings, LLC100,472$27.1M0.04%−27,628−21.6%Reduced
Russell Investments Group, Ltd.97,187$26.0M0.03%+1,124+1.2%Added
Crossmark Global Holdings, Inc.94,121$25.2M0.38%+7,065+8.1%Added
Scotia Capital Inc.93,052$24.9M0.11%+26,356+39.5%Added
Pathstone Holdings, LLC90,118$24.1M0.09%+10,024+12.5%Added
The PNC Financial Services Group, Inc.84,726$22.6M0.01%−148−0.2%Reduced
HighTower Advisors, LLC83,416$22.3M0.03%+6,106+7.9%Added
NorthCrest Asset Manangement, LLC81,282$22.3M0.53%+1,515+1.9%Added
Jane Street Group, LLC82,806$22.1M0.03%+23,809+40.4%Added
Optiver Holding B.V.79,851$21.3M0.35%+37,852+90.1%Added
Cardinal Capital Management, Inc.79,828$21.3M0.62%+2,374+3.1%Added
Dimensional Fund Advisors LP77,231$20.6M0.00%+8,033+11.6%Added
Kornitzer Capital Management Inc75,000$20.0M0.40%00.0%Unchanged
Unio Capital LLC73,545$19.7M4.68%+17,726+31.8%Added
Dash Acquisitions Inc.72,565$18.8M3.74%+49+0.1%Added
Lord, Abbett & Co. LLC66,313$17.7M0.05%−79,981−54.7%Reduced
Assetmark, Inc62,884$16.8M0.04%+1,993+3.3%Added
Capital International Inc61,882$16.5M0.13%+14,280+30.0%Added
Ethic Inc.60,020$16.0M0.26%−2,465−3.9%Reduced
Cetera Investment Advisers59,705$16.0M0.02%+26,404+79.3%Added
QRG Capital Management, Inc.57,573$15.4M0.19%−38,351−40.0%Reduced
MML Investors Services, LLC57,272$15.3M0.04%+688+1.2%Added
JustInvest LLC56,972$15.2M0.16%−2,524−4.2%Reduced
Connor, Clark & Lunn Investment Management Ltd.53,961$14.4M0.05%+19,915+58.5%Added
1832 Asset Management L.P.53,566$14.3M0.02%+1,936+3.7%Added
Oppenheimer Asset Management Inc.53,410$14.3M0.16%+7,066+15.2%Added