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Livermore
Livermore
ZHEN

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
TCTC Holdings, LLC3,561$865.0K0.03%+3,561New
Ascent Group, LLC3,548$861.7K0.03%−233−6.2%Reduced
Natixis3,490$856.5K0.00%−696−16.6%Reduced
Meridian Wealth Management, LLC3,515$853.8K0.03%+40+1.2%Added
EJMK Ventures LLC3,482$845.8K0.52%+3,482New
Panagora Asset Management Inc3,464$841.4K0.00%+3,464New
Bearing Point Capital, LLC3,459$840.2K0.13%+3,459New
Empirical Financial Services, LLC d.b.a. Empirical Wealth Management3,445$836.8K0.02%+1,661+93.1%Added
Capital Group Private Client Services, Inc.3,442$836.1K0.01%−1,857−35.0%Reduced
Janus Henderson Group PLC3,430$833.1K0.00%+63+1.9%Added
Alps Advisors Inc3,429$832.9K0.00%+64+1.9%Added
Lockheed Martin Investment Management Co3,420$830.8K0.03%00.0%Unchanged
Sage Rhino Capital LLC3,403$826.6K0.16%−52−1.5%Reduced
Howard Capital Management Group, LLC3,375$819.8K0.05%00.0%Unchanged
May Hill Capital, LLC3,357$815.4K0.22%−46−1.4%Reduced
J.Safra Asset Management Corp3,340$811.3K0.04%+1,624+94.6%Added
Tocqueville Asset Management L.P.3,309$803.8K0.01%+609+22.6%Added
Clarius Group, LLC3,282$797.2K0.05%−159−4.6%Reduced
Lansing Street Advisors3,268$793.8K0.20%+1,351+70.5%Added
Pure Financial Advisors, Inc.3,253$790.2K0.01%+634+24.2%Added
FDx Advisors, Inc.3,253$790.0K0.40%+301+10.2%Added
Rehmann Capital Advisory Group3,234$787.3K0.04%+366+12.8%Added
YHB Investment Advisors, Inc.3,231$784.8K0.05%+718+28.6%Added
LVW Advisors, LLC3,196$776.3K0.08%−1,005−23.9%Reduced
Optas, LLC3,148$764.7K0.12%−104−3.2%Reduced
Commerce Bank3,132$760.8K0.00%+269+9.4%Added
Cordatus Wealth Management LLC3,111$755.7K0.17%−125−3.9%Reduced
Custom Index Systems, LLC3,108$755.0K0.33%00.0%Unchanged
Beacon Pointe Advisors, LLC3,104$754.0K0.01%+518+20.0%Added
Denali Advisors LLC3,088$750.1K0.08%−92−2.9%Reduced
NBC Securities, Inc.3,080$748.2K0.06%+796+34.9%Added
Wealthspire Advisors, LLC3,079$747.9K0.01%+1,612+109.9%Added
Sagespring Wealth Partners, LLC3,067$745.0K0.01%−372−10.8%Reduced
Jump Financial, LLC3,053$741.6K0.01%+3,053New
We Are One Seven, LLC3,045$739.7K0.02%+528+21.0%Added
Insigneo Advisory Services, LLC3,039$738.2K0.05%−13−0.4%Reduced
ForthRight Wealth Management, LLC3,039$738.2K0.21%00.0%Unchanged
Norden Group LLC3,031$736.3K0.07%−871−22.3%Reduced
EverSource Wealth Advisors, LLC2,998$728.4K0.03%+519+20.9%Added
D.A. Davidson & Co.2,963$719.7K0.00%+86+3.0%Added
Walleye Trading LLC2,951$716.8K0.01%−11,913−80.1%Reduced
Balentine LLC2,950$716.6K0.03%+2,086+241.4%Added
BKM Wealth Management, LLC2,947$715.9K0.26%+547+22.8%Added
Northwest & Ethical Investments L.P.2,894$703.0K0.02%00.0%Unchanged
Henshaw Capital LLC2,888$701.5K0.03%00.0%Unchanged
Resources Investment Advisors, LLC.2,842$690.5K0.01%−1,061−27.2%Reduced
Roman Butler Fullerton & Co3,050$690.3K0.18%00.0%Unchanged
U.S. Capital Wealth Advisors, LLC2,822$685.5K0.02%−276−8.9%Reduced
Gryphon Financial Partners LLC2,804$681.2K0.07%+784+38.8%Added
Dynasty Wealth Management, LLC2,775$674.0K0.01%−833−23.1%Reduced
Trust Point Inc.2,773$673.6K0.05%+728+35.6%Added
Argonautica Private Wealth Management, Inc2,755$669.3K0.20%+360+15.0%Added
Circle Wealth Management, LLC2,754$669.0K0.01%+780+39.5%Added
Allworth Financial LP2,718$660.2K0.00%+274+11.2%Added
Sovran Advisors, LLC2,794$658.8K0.06%+167+6.4%Added
Versant Capital Management, Inc2,700$655.9K0.08%−1,057−28.1%Reduced
Argent Trust Co2,692$653.9K0.02%+108+4.2%Added
Vontobel Holding Ltd.2,660$646.0K0.00%+28+1.1%Added
Avestar Capital, LLC2,621$636.7K0.04%−45−1.7%Reduced
Tritonpoint Wealth, LLC2,614$635.0K0.06%−1,138−30.3%Reduced
Guggenheim Capital LLC2,608$633.5K0.00%+2,608New
Stephens Inc2,600$631.5K0.01%+338+14.9%Added
Brown Brothers Harriman & Co2,586$628.2K0.00%+289+12.6%Added
Summit Trail Advisors, LLC2,563$622.6K0.01%−1,535−37.5%Reduced
Sowell Financial Services LLC2,540$617.0K0.02%−287−10.2%Reduced
Cetera Trust Company, N.A2,520$612.1K0.33%+25+1.0%Added
Keel Point, LLC2,477$601.7K0.04%−569−18.7%Reduced
Stratos Wealth Partners, LTD.2,442$593.3K0.01%−395−13.9%Reduced
Peapack Gladstone Financial Corp2,431$591.0K0.01%−314−11.4%Reduced
Bahl & Gaynor Inc2,431$590.5K0.00%00.0%Unchanged
Future Fund LLC2,416$586.9K0.21%−336−12.2%Reduced
Virtu Financial LLC2,404$584.0K0.02%+2,404New
Fiera Capital Corp2,394$581.5K0.00%+2,394New
Birch Financial Group, LLC2,383$578.7K0.33%+67+2.9%Added
Tower Research Capital LLC (TRC)2,381$578.4K0.01%−36,882−93.9%Reduced
Wedmont Private Capital2,366$576.0K0.02%+332+16.3%Added
Krilogy Financial LLC2,400$575.8K0.02%+2,400New
Integrated Wealth Concepts LLC2,362$573.8K0.01%−3,271−58.1%Reduced
OpenArc Corporate Advisory, LLC2,359$573.0K0.01%+2,359New
Angeles Wealth Management, LLC2,350$570.8K0.03%+215+10.1%Added
CBOE Vest Financial, LLC2,349$570.6K0.01%+1,034+78.6%Added
Boreal Capital Management LLC2,343$569.1K0.43%00.0%Unchanged
Drive Wealth Management, LLC2,288$555.8K0.11%+168+7.9%Added
Pine Haven Investment Counsel, Inc2,285$555.0K0.39%00.0%Unchanged
PFG Investments, LLC2,243$544.9K0.03%+10+0.4%Added
National Asset Management, Inc.2,237$543.4K0.03%+141+6.7%Added
Sagewood Asset Management LP2,175$528.3K0.19%+2,175New
Indivisible Partners2,173$527.8K0.06%+2,173New
Earnest Partners LLC2,172$527.6K0.00%+104+5.0%Added
Wedbush Securities Inc2,145$521.0K0.02%−29−1.3%Reduced
Anchyra Partners LLC2,140$519.8K0.16%+2,140New
Gateway Investment Advisers LLC2,132$517.9K0.00%+801+60.2%Added
Western Wealth Management, LLC2,129$517.2K0.02%−7−0.3%Reduced
Resonant Capital Advisors, LLC2,122$515.5K0.03%+95+4.7%Added
Park National Corp2,103$510.8K0.02%+80+4.0%Added
Barometer Capital Management Inc.184,100$509.5K0.17%+181,950+8,462.8%Added
Mather Group, LLC.2,096$509.2K0.01%+37+1.8%Added
Traveka Wealth, LLC2,083$506.0K0.21%−44−2.1%Reduced
Foster Victor Wealth Advisors, LLC2,166$505.9K0.03%+595+37.9%Added
HBK Sorce Advisory LLC2,477$503.7K0.01%+25+1.0%Added