Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in SAP held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | Fisher Asset Management, LLC | 14.5M | $2.49B | -1.3% | 1.247% | 0.84% |
| 2 | EAGLE CAPITAL MANAGEMENT LLC | 7.8M | $1.34B | +89.4% | 0.674% | 4.51% |
| 3 | FMR LLC | 6.6M | $1.13B | -3.1% | 0.565% | 0.06% |
| 4 | Capital International Investors | 5.0M | $854.4M | +39.7% | 0.430% | 0.20% |
| 5 | MORGAN STANLEY | 3.6M | $619.1M | -1.8% | 0.310% | 0.04% |
| 6 | GOLDMAN SACHS GROUP INC | 3.3M | $565.1M | +119.2% | 0.283% | 0.06% |
| 7 | WINDACRE PARTNERSHIP LLC | 2.8M | $472.9M | +12.7% | 0.237% | 5.06% |
| 8 | BANK OF AMERICA CORP /DE/ | 2.0M | $345.6M | +15.9% | 0.173% | 0.03% |
| 9 | NORTHERN TRUST CORP | 1.4M | $244.8M | -4.8% | 0.123% | 0.03% |
| 10 | UBS Group AG | 1.4M | $236.0M | +300.6% | 0.118% | 0.04% |
| 11 | AMERIPRISE FINANCIAL INC | 1.2M | $207.8M | -3.7% | 0.103% | 0.05% |
| 12 | BlackRock, Inc. | 1.2M | $197.4M | -5.7% | 0.099% | 0.00% |
| 13 | Quadrature Capital Ltd | 1.1M | $196.4M | +233.4% | 0.099% | 2.34% |
| 14 | BNP PARIBAS ARBITRAGE, SA | 983K | $173.5M | +95.8% | 0.084% | 0.08% |
| 15 | MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 895K | $153.2M | +162000.9% | 0.077% | 0.21% |
| 16 | ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 880K | $150.7M | β | 0.075% | 0.08% |
| 17 | WCM INVESTMENT MANAGEMENT, LLC | 834K | $140.3M | -25.6% | 0.072% | 0.32% |
| 18 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 805K | $137.8M | +61.3% | 0.069% | 0.02% |
| 19 | CITADEL ADVISORS LLC | 790K | $135.3M | β | 0.068% | 0.06% |
| 20 | Ruane, Cunniff & Goldfarb L.P. | 750K | $128.4M | +1532.8% | 0.064% | 2.13% |
| 21 | WELLS FARGO & COMPANY/MN | 715K | $122.4M | -0.1% | 0.061% | 0.03% |
| 22 | ROYAL BANK OF CANADA | 702K | $120.2M | -2.1% | 0.060% | 0.02% |
| 23 | ENVESTNET ASSET MANAGEMENT INC | 701K | $120.0M | -4.0% | 0.060% | 0.03% |
| 24 | PRINCIPAL FINANCIAL GROUP INC | 551K | $94.3M | +48.2% | 0.047% | 0.05% |
| 25 | Connor, Clark & Lunn Investment Management Ltd. | 534K | $91.4M | +276.6% | 0.046% | 0.21% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). β% of Fundβ shows how much of that investorβs total 13F portfolio is invested in SAP β a direct measure of their conviction.
Filings activity in SAP during Q1 2026, grouped by how each filer changed its position.
Institutions that opened a new SAP position in Q1 2026
Institutions that fully closed their SAP position in Q1 2026
8 quarters of 13F filings Β· Ξ columns show change vs prior quarter
| Quarter | Inst. Holders | Ξ Holders | Ownership % | Ξ Ownership | Total 13F Value | Ξ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 824 | 9.5% | 7.20% | 1.46 pp | $13.78B | 17% |
| Q4 2025 | 910 | +0.7% | 8.66% | 1.38 pp | $16.56B | 14% |
| Q3 2025 | 904 | 4.7% | 10.04% | 7.19 pp | $19.22B | 42% |
| Q2 2025 | 949 | +10% | 17.23% | +7.06 pp | $32.97B | +69% |
| Q1 2025 | 859 | +2.6% | 10.17% | +1.09 pp | $19.45B | +12% |
| Q4 2024 | 837 | +8.8% | 9.08% | +0.99 pp | $17.36B | +12% |
| Q3 2024 | 769 | +7.0% | 8.09% | +0.43 pp | $15.47B | +5.6% |
| Q2 2024 | 719 | β | 7.66% | β | $14.65B | β |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Ξ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying SAP stock.
Based on Q1 2026 13F filings, institutional ownership of SAP SE stands at 7.2%, held across 824 reporting institutions.
Fisher Asset Management, LLC is the largest reported institutional holder of SAP, with approximately 14,534,441 shares worth $2.49B as of Q1 2026.
Yes β 3 widely-followed marquee investors appear among the top 25 institutional holders of SAP, including Fisher Asset Management, LLC, SUSQUEHANNA INTERNATIONAL GROUP, LLP, CITADEL ADVISORS LLC.
Our composite Smart Money Score for SAP is 39 out of 100 (Bearish). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
105 institutions opened new positions in SAP during Q1 2026, while 191 fully exited. 107 added to existing positions and 610 trimmed.
SAP institutional ownership fell by 1.46 percentage points quarter-over-quarter, with a net change of -86 holders.
The top 10 institutions account for 60.2% of all reported 13F value in SAP, and the top 25 account for 76.0%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
SAP SE (SAP) Institutional Ownership