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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, 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.

Institutional holdersQ4 2025: 931 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 heldQ4 2025: $17.0B
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, Q4 2025

Shares, value and share of portfolio for each institution holding SAP SE; share changes are against Q3 2025.

Institutions holding SAP in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Capital International Inc58,700$14.3M0.11%−3,182−5.1%Reduced
Davis Selected Advisers56,347$13.7M0.06%+9,560+20.4%Added
Hantz Financial Services, Inc.55,403$13.5M0.20%+10,270+22.8%Added
Mercer Global Advisors Inc54,134$13.1M0.02%+1,082+2.0%Added
Cambiar Investors LLC51,797$12.6M0.56%+13,530+35.4%Added
JustInvest LLC51,677$12.6M0.12%−5,295−9.3%Reduced
Henry James International Management, Inc.50,643$12.3M3.88%−1,791−3.4%Reduced
Mariner, LLC50,350$12.2M0.01%−89,486−64.0%Reduced
Oppenheimer Asset Management Inc.48,118$11.7M0.14%−5,292−9.9%Reduced
Captrust Financial Advisors46,914$11.4M0.02%−70,631−60.1%Reduced
Ruane, Cunniff & Goldfarb L.P.45,927$11.2M0.17%−73−0.2%Reduced
Glenmede Trust Co NA45,274$11.0M0.05%+45,274New
Boston Common Asset Management, LLC45,081$11.0M0.66%−4,017−8.2%Reduced
Truist Financial Corp45,012$10.9M0.01%−5,977−11.7%Reduced
Alight Capital Management LP45,000$10.9M2.93%+45,000New
Citigroup Inc44,463$10.8M0.01%−555,068−92.6%Reduced
Franklin Resources Inc43,378$10.5M0.00%−1,012−2.3%Reduced
Oddo BHF Asset Management SAS43,326$10.5M0.39%00.0%Unchanged
Colony Group, LLC43,119$10.5M0.01%+10,508+32.2%Added
Vestmark Advisory Solutions, Inc.43,123$10.5M0.14%+21,451+99.0%Added
AQR Capital Management LLC43,070$10.5M0.01%+6,911+19.1%Added
Meridiem Capital Partners LP42,728$10.4M0.65%+42,728New
Value Partners Investments Inc.42,042$10.2M0.78%+1,031+2.5%Added
Adviser Investments LLC41,918$10.2M0.11%+3,666+9.6%Added
Walleye Capital LLC41,868$10.2M0.06%+39,681+1,814.4%Added
Callan Family Office, LLC41,635$10.1M0.22%+20,262+94.8%Added
Invesco Ltd.41,461$10.1M0.00%+3,080+8.0%Added
M&T Bank Corp41,364$10.0M0.03%−7,206−14.8%Reduced
Federation des caisses Desjardins du Quebec40,902$9.94M0.04%+12,496+44.0%Added
Susquehanna International Group, LLP40,864$9.93M0.01%−6,195−13.2%Reduced
Guardian Partners Inc.49,610$9.87M0.79%+2,900+6.2%Added
Foresight Global Investors, Inc.38,813$9.43M4.44%+875+2.3%Added
One Capital Management, LLC37,422$9.09M0.27%+1,972+5.6%Added
Silvercrest Asset Management Group LLC37,029$8.99M0.06%−1,566−4.1%Reduced
Skopos Labs, Inc.36,099$8.88M0.41%+25,519+241.2%Added
Laird Norton Trust Company, LLC36,551$8.88M0.18%+36,551New
CI Private Wealth, LLC36,263$8.83M0.01%−6,874−15.9%Reduced
Wiley Bros.-Aintree Capital, LLC34,690$8.40M0.04%+3,574+11.5%Added
Fulton Breakefield Broenniman LLC34,391$8.35M0.53%−1,087−3.1%Reduced
Campbell & CO Investment Adviser LLC34,156$8.30M0.40%+29,070+571.6%Added
Bluegrass Capital Partners LP34,000$8.26M4.93%+34,000New
Rock Point Advisors, LLC33,569$8.15M2.04%+13,413+66.5%Added
Quadrant Capital Group LLC32,483$7.89M0.24%−56−0.2%Reduced
National Bank of Canada31,846$7.73M0.01%−899−2.7%Reduced
GF Fund Management Co. Ltd.31,549$7.66M0.13%−94,705−75.0%Reduced
Brinker Capital Investments, LLC31,125$7.56M0.06%−3,928−11.2%Reduced
Naples Global Advisors, LLC30,956$7.52M0.56%−312−1.0%Reduced
CIBC Asset Management Inc31,404$7.49M0.02%−5,668−15.3%Reduced
Loomis Sayles & Co L P30,421$7.39M0.01%−1,085−3.4%Reduced
Cohen Klingenstein LLC30,179$7.33M0.22%00.0%Unchanged
Optiver Holding B.V.30,170$7.33M0.13%−49,681−62.2%Reduced
Twin Tree Management, LP29,894$7.26M0.74%+5,061+20.4%Added
Voleon Capital Management LP29,850$7.25M0.16%+14,399+93.2%Added
Sanctuary Advisors, LLC29,303$7.12M0.04%−2,479−7.8%Reduced
Lowe Brockenbrough & Co Inc28,571$6.94M0.34%+28,571New
Wealth Enhancement Advisory Services, LLC29,317$6.77M0.01%+1,048+3.7%Added
Park Avenue Securities LLC27,731$6.74M0.06%+128+0.5%Added
Ritholtz Wealth Management27,518$6.68M0.12%−419−1.5%Reduced
Lincluden Management Ltd27,410$6.66M0.57%−29−0.1%Reduced
Cardinal Capital Management27,230$6.61M0.88%+80.0%Added
Baltimore-Washington Financial Advisors, Inc.26,696$6.48M0.27%+3,551+15.3%Added
Tudor Investment Corp Et Al26,319$6.39M0.04%−21,579−45.1%Reduced
Rhumbline Advisers26,251$6.38M0.01%+4,045+18.2%Added
Capital Wealth Planning, LLC26,013$6.16M0.04%−13,457−34.1%Reduced
Evergreen Capital Management LLC25,012$6.08M0.14%+11,907+90.9%Added
Nia Impact Advisors, LLC24,510$5.95M2.00%−1,190−4.6%Reduced
Lido Advisors, LLC23,089$5.95M0.02%+304+1.3%Added
Elite Wealth Management, Inc.23,874$5.80M1.58%+45+0.2%Added
Capital World Investors23,468$5.74M0.00%+294+1.3%Added
Flow Traders U.S. LLC23,280$5.66M0.19%+23,280New
Vise Technologies, Inc.23,179$5.63M0.11%+8,653+59.6%Added
Bleakley Financial Group, LLC23,011$5.59M0.10%+3,225+16.3%Added
Janney Capital Management LLC22,828$5.54M0.35%+22,058+2,864.7%Added
Capital Investment Counsel, Inc22,660$5.50M0.65%−1,250−5.2%Reduced
Cox Capital Mgt LLC22,177$5.48M3.41%+374+1.7%Added
Atria Investments LLC22,538$5.47M0.06%−7,768−25.6%Reduced
Rockefeller Capital Management L.P.22,171$5.39M0.01%+3,308+17.5%Added
Saturna Capital CORP22,121$5.37M0.07%+5,343+31.8%Added
Maplelane Capital, LLC22,000$5.34M0.30%+22,000New
Eagle Global Advisors LLC21,675$5.27M0.19%−2,137−9.0%Reduced
Sanibel Captiva Trust Company, Inc.21,640$5.26M0.15%+2,028+10.3%Added
Timber Creek Capital Management LLC21,498$5.22M1.21%−110−0.5%Reduced
Moran Wealth Management, LLC21,473$5.22M0.16%+2,072+10.7%Added
Janney Montgomery Scott LLC21,327$5.18M0.01%−6,335−22.9%Reduced
Toroso Investments, LLC21,005$5.10M0.02%+2,259+12.1%Added
Capital Research Global Investors20,756$5.08M0.00%−2,457−10.6%Reduced
Dividend Assets Capital, LLC20,674$5.02M0.96%−1,583−7.1%Reduced
Alliancebernstein L.P.20,502$4.98M0.00%−3,845−15.8%Reduced
Signaturefd, LLC20,350$4.94M0.08%−461−2.2%Reduced
Symmetry Investments LP20,000$4.86M0.91%+20,000New
Aperture Investors, LLC19,441$4.72M0.66%00.0%Unchanged
Schonfeld Strategic Advisors LLC19,437$4.72M0.02%+13,369+220.3%Added
Factory Mutual Insurance Co19,324$4.69M0.05%00.0%Unchanged
Segall Bryant & Hamill, LLC19,273$4.68M0.06%−16,856−46.7%Reduced
Thornburg Investment Management Inc19,238$4.67M0.06%+1,899+11.0%Added
Hollow Brook Wealth Management LLC19,050$4.63M1.20%−1,594−7.7%Reduced
Acumen Wealth Advisors, LLC18,994$4.61M1.33%+18,994New
Naviter Wealth, LLC18,975$4.61M0.60%−4,337−18.6%Reduced
NewEdge Wealth, LLC18,877$4.59M0.05%+58+0.3%Added
Aquatic Capital Management LLC18,762$4.56M0.13%+18,762New