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, Q4 2025
Institutional positions in SAP SE as of Dec 31, 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
- 931
- +20 vs. Q3 2025
- Shares held
- 70.3M
- −1.71M (−2.4%) vs. Q3 2025
- Total value
- $17.0B
- −$2.19B (−11.4%) vs. Q3 2025
- New holders
- 145
- 317 more added
- Sold out
- 125
- 334 more reduced
19 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q3 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.
| Quarter | Holders | Value |
|---|---|---|
| Q2 2026 | 818 | $13.0B |
| Q1 2026 | 847 | $14.9B |
| Q4 2025 | 931 | $17.0B |
| Q3 2025 | 930 | $19.3B |
| Q2 2025 | 970 | $21.9B |
| Q1 2025 | 889 | $19.6B |
| Q4 2024 | 859 | $17.4B |
| Q3 2024 | 792 | $15.8B |
| Q2 2024 | 743 | $14.2B |
| Q1 2024 | 706 | $12.6B |
| Q4 2023 | 647 | $10.2B |
| Q3 2023 | 584 | $8.50B |
| Q2 2023 | 570 | $8.11B |
| Q1 2023 | 532 | $7.49B |
| Q4 2022 | 493 | $6.17B |
| Q3 2022 | 451 | $5.05B |
| Q2 2022 | 490 | $5.45B |
| Q1 2022 | 507 | $5.93B |
| Q4 2021 | 535 | $6.76B |
| Q3 2021 | 525 | $6.82B |
| Q2 2021 | 513 | $7.25B |
| Q1 2021 | 505 | $6.49B |
Institutions, Q4 2025
Shares, value and share of portfolio for each institution holding SAP SE; share changes are against Q3 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Fisher Asset Management, LLC | 14,728,881 | $3.58B | 1.22% | +179,550+1.2% | Added |
| FMR LLC | 6,790,713 | $1.65B | 0.08% | −135,926−2.0% | Reduced |
| Eagle Capital Management LLC | 4,143,430 | $1.01B | 3.13% | +1,130,878+37.5% | Added |
| Morgan Stanley | 3,681,438 | $894.3M | 0.05% | −849,746−18.8% | Reduced |
| Capital International Investors | 3,586,780 | $873.7M | 0.14% | −423,405−10.6% | Reduced |
| Windacre Partnership LLC | 2,451,125 | $595.4M | 6.39% | +93,900+4.0% | Added |
| D. E. Shaw & Co., Inc. | 2,301,078 | $559.0M | 0.42% | +1,380,047+149.8% | Added |
| Bank of America Corp | 1,742,120 | $423.2M | 0.03% | −306,470−15.0% | Reduced |
| Goldman Sachs Group Inc | 1,506,072 | $365.8M | 0.05% | −13,217−0.9% | Reduced |
| Northern Trust Corp | 1,501,558 | $364.7M | 0.05% | −59,436−3.8% | Reduced |
| Ameriprise Financial Inc | 1,242,468 | $301.0M | 0.07% | +122,060+10.9% | Added |
| BlackRock, Inc. | 1,222,615 | $297.0M | 0.01% | −67,663−5.2% | Reduced |
| JPMorgan Chase & Co | 1,200,024 | $291.5M | 0.02% | +83,349+7.5% | Added |
| WCM Investment Management, LLC | 1,119,733 | $273.9M | 0.56% | −101,855−8.3% | Reduced |
| Envestnet Asset Management Inc | 729,876 | $177.3M | 0.05% | −214,959−22.8% | Reduced |
| Royal Bank of Canada | 716,684 | $174.1M | 0.03% | +7,909+1.1% | Added |
| Wells Fargo & Company | 716,226 | $174.0M | 0.03% | −12,278−1.7% | Reduced |
| Sustainable Growth Advisers, LP | 686,851 | $166.8M | 1.16% | −155,565−18.5% | Reduced |
| Clearbridge Investments, LLC | 543,921 | $132.1M | 0.11% | −6,313−1.1% | Reduced |
| BNP Paribas Arbitrage, SA | 501,933 | $121.9M | 0.08% | +66,680+15.3% | Added |
| Millennium Management LLC | 397,324 | $96.5M | 0.07% | +394,364+13,323.1% | Added |
| Sands Capital Management, LLC | 394,117 | $95.7M | 0.29% | −46,153−10.5% | Reduced |
| TD Asset Management Inc | 390,016 | $94.7M | 0.08% | −114,662−22.7% | Reduced |
| Harding Loevner LP | 386,893 | $94.0M | 0.83% | −1,913,444−83.2% | Reduced |
| Natixis Advisors, L.P. | 380,474 | $92.4M | 0.13% | −34,613−8.3% | Reduced |
| Principal Financial Group Inc | 371,491 | $90.2M | 0.05% | −10,884−2.8% | Reduced |
| Manufacturers Life Insurance Company, The | 370,155 | $89.9M | 0.07% | −102,683−21.7% | Reduced |
| Crawford Investment Counsel Inc | 366,882 | $89.1M | 1.48% | +4,016+1.1% | Added |
| Raymond James Financial Inc | 356,710 | $86.7M | 0.03% | −27,979−7.3% | Reduced |
| Quadrature Capital Ltd | 344,191 | $83.6M | 0.85% | +238,095+224.4% | Added |
| Norges Bank | 336,683 | $81.8M | 0.01% | +336,683 | New |
| UBS Group AG | 324,348 | $78.8M | 0.02% | +76,632+30.9% | Added |
| Nomura Asset Management International Inc. | 299,608 | $72.8M | 0.11% | +299,608 | New |
| Aviso Financial Inc. | 286,866 | $69.7M | 2.65% | +3,306+1.2% | Added |
| Wellington Management Group LLP | 286,210 | $69.5M | 0.01% | −177,964−38.3% | Reduced |
| Causeway Capital Management LLC | 250,748 | $60.9M | 0.84% | +57,000+29.4% | Added |
| Night Owl Capital Management, LLC | 247,552 | $60.1M | 6.59% | +2,494+1.0% | Added |
| First Trust Advisors LP | 244,854 | $59.5M | 0.04% | +18,723+8.3% | Added |
| Bank of New York Mellon Corp | 243,589 | $59.2M | 0.01% | −2,064−0.8% | Reduced |
| SEI Investments Co | 235,259 | $57.1M | 0.06% | −3,215−1.3% | Reduced |
| Polen Capital Management LLC | 233,332 | $56.7M | 0.24% | −111,620−32.4% | Reduced |
| Neuberger Berman Group LLC | 232,384 | $56.4M | 0.04% | −32,199−12.2% | Reduced |
| Brandes Investment Partners, LP | 229,454 | $55.7M | 0.42% | +94,697+70.3% | Added |
| Massachusetts Financial Services Co | 209,722 | $50.9M | 0.02% | −2,501−1.2% | Reduced |
| GWM Advisors LLC | 193,458 | $47.0M | 0.17% | +4,525+2.4% | Added |
| AMF Pensionsforsakring AB | 190,311 | $46.2M | 0.29% | 00.0% | Unchanged |
| 1832 Asset Management L.P. | 181,133 | $44.0M | 0.06% | +127,567+238.1% | Added |
| Becker Capital Management Inc | 172,045 | $41.8M | 1.20% | +4,508+2.7% | Added |
| Unio Capital LLC | 160,817 | $39.1M | 7.35% | +87,272+118.7% | Added |
| Stifel Financial Corp | 154,728 | $37.6M | 0.03% | +14,527+10.4% | Added |
| Petrus Trust Company, LTA | 152,542 | $37.1M | 3.75% | +15,600+11.4% | Added |
| Jennison Associates LLC | 152,356 | $37.0M | 0.02% | −1,944−1.3% | Reduced |
| Deutsche Bank AG | 149,474 | $36.3M | 0.01% | +142,620+2,080.8% | Added |
| Marshall Wace, LLP | 142,467 | $34.6M | 0.03% | +140,934+9,193.3% | Added |
| Connor, Clark & Lunn Investment Management Ltd. | 141,710 | $34.4M | 0.09% | +87,749+162.6% | Added |
| Charles Schwab Investment Management Inc | 140,956 | $34.2M | 0.01% | +18,052+14.7% | Added |
| Riverbridge Partners LLC | 134,491 | $32.7M | 0.61% | +133,591+14,843.4% | Added |
| Quantinno Capital Management LP | 131,528 | $31.9M | 0.06% | +20,869+18.9% | Added |
| Bank of Montreal | 131,339 | $31.9M | 0.01% | −48,583−27.0% | Reduced |
| CIBC Private Wealth Group, LLC | 129,380 | $31.4M | 0.05% | +6,403+5.2% | Added |
| Cidel Asset Management Inc | 127,902 | $31.1M | 2.20% | −11,371−8.2% | Reduced |
| Creative Planning | 127,301 | $30.9M | 0.02% | −804−0.6% | Reduced |
| LPL Financial LLC | 126,907 | $30.8M | 0.01% | −1,388−1.1% | Reduced |
| Balyasny Asset Management LLC | 126,722 | $30.8M | 0.06% | +126,722 | New |
| Cerity Partners LLC | 124,399 | $30.2M | 0.04% | −4,482−3.5% | Reduced |
| American Century Companies Inc | 120,363 | $29.2M | 0.01% | +3,273+2.8% | Added |
| Citadel Advisors LLC | 119,430 | $29.0M | 0.02% | +77,572+185.3% | Added |
| Marsico Capital Management LLC | 118,834 | $28.9M | 0.80% | 00.0% | Unchanged |
| Coerente Capital Management | 116,055 | $28.2M | 5.14% | +3,589+3.2% | Added |
| Cardinal Capital Management, Inc. | 83,841 | $27.9M | 0.63% | +4,013+5.0% | Added |
| US Bancorp | 108,505 | $26.4M | 0.03% | −27,656−20.3% | Reduced |
| Obermeyer Wood Investment Counsel, LLLP | 106,333 | $25.8M | 1.18% | −1,122−1.0% | Reduced |
| Voloridge Investment Management, LLC | 103,255 | $25.1M | 0.09% | −57,529−35.8% | Reduced |
| O'Shaughnessy Asset Management, LLC | 101,875 | $24.7M | 0.14% | −12,888−11.2% | Reduced |
| Fayez Sarofim & Co | 101,787 | $24.7M | 0.06% | +52,113+104.9% | Added |
| Promethos Capital, LLC | 101,512 | $24.7M | 6.72% | −31,455−23.7% | Reduced |
| Pathstone Holdings, LLC | 97,090 | $23.6M | 0.09% | +6,972+7.7% | Added |
| The PNC Financial Services Group, Inc. | 93,931 | $22.8M | 0.01% | +9,205+10.9% | Added |
| Mar Vista Investment Partners LLC | 90,830 | $22.1M | 2.03% | −50,322−35.7% | Reduced |
| Allspring Global Investments Holdings, LLC | 90,705 | $21.5M | 0.03% | −9,767−9.7% | Reduced |
| Russell Investments Group, Ltd. | 87,874 | $21.3M | 0.02% | −9,313−9.6% | Reduced |
| Jane Street Group, LLC | 85,098 | $20.7M | 0.02% | +2,292+2.8% | Added |
| Crossmark Global Holdings, Inc. | 84,769 | $20.6M | 0.30% | −9,352−9.9% | Reduced |
| HighTower Advisors, LLC | 82,316 | $20.0M | 0.02% | −1,100−1.3% | Reduced |
| NorthCrest Asset Manangement, LLC | 82,733 | $19.9M | 0.44% | +1,451+1.8% | Added |
| Two Sigma Investments, LP | 80,410 | $19.5M | 0.03% | +80,410 | New |
| Grantham, Mayo, Van Otterloo & Co. LLC | 76,449 | $18.6M | 0.05% | +33,901+79.7% | Added |
| Kornitzer Capital Management Inc | 75,000 | $18.2M | 0.38% | 00.0% | Unchanged |
| Dimensional Fund Advisors LP | 72,692 | $17.7M | 0.00% | −4,539−5.9% | Reduced |
| Scotia Capital Inc. | 71,179 | $17.3M | 0.07% | −21,873−23.5% | Reduced |
| CIBC World Markets Inc. | 69,350 | $16.8M | 0.03% | +33,888+95.6% | Added |
| Jain Global LLC | 67,859 | $16.5M | 0.16% | +67,859 | New |
| Cetera Investment Advisers | 67,522 | $16.4M | 0.02% | +7,817+13.1% | Added |
| Qube Research & Technologies Ltd | 67,035 | $16.3M | 0.02% | −215,159−76.2% | Reduced |
| Lord, Abbett & Co. LLC | 66,425 | $16.1M | 0.05% | +112+0.2% | Added |
| Dash Acquisitions Inc. | 78,880 | $15.8M | 3.28% | +6,315+8.7% | Added |
| Assetmark, Inc | 63,618 | $15.5M | 0.03% | +734+1.2% | Added |
| Ethic Inc. | 60,491 | $14.7M | 0.23% | +471+0.8% | Added |
| MML Investors Services, LLC | 59,292 | $14.4M | 0.04% | +2,020+3.5% | Added |
| QRG Capital Management, Inc. | 58,941 | $14.3M | 0.16% | +1,368+2.4% | Added |