Ranked by reported Q2 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 | 14.9M | $2.30B | +2.7% | 1.281% | 0.69% |
| 2 | EAGLE CAPITAL MANAGEMENT LLC | 8.6M | $1.33B | +10.1% | 0.741% | 4.07% |
| 3 | GOLDMAN SACHS GROUP INC | 6.5M | $998.1M | +96.2% | 0.556% | 0.09% |
| 4 | Capital International Investors | 5.7M | $876.6M | +13.4% | 0.488% | 0.18% |
| 5 | MORGAN STANLEY | 5.5M | $843.9M | +51.4% | 0.470% | 0.04% |
| 6 | WINDACRE PARTNERSHIP LLC | 4.4M | $678.0M | +59.3% | 0.378% | 6.70% |
| 7 | HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | 2.5M | $386.6M | +878.1% | 0.215% | 1.13% |
| 8 | BANK OF AMERICA CORP /DE/ | 2.4M | $368.5M | +18.5% | 0.205% | 0.02% |
| 9 | FMR LLC | 2.0M | $307.0M | -69.7% | 0.171% | 0.01% |
| 10 | D. E. Shaw & Co., Inc. | 1.5M | $228.5M | -65.2% | 0.127% | 0.11% |
| 11 | BlackRock, Inc. | 1.2M | $192.6M | +8.4% | 0.107% | 0.00% |
| 12 | Ruane, Cunniff & Goldfarb L.P. | 1.2M | $190.6M | +64.9% | 0.106% | 2.96% |
| 13 | NORTHERN TRUST CORP | 1.1M | $176.7M | -19.8% | 0.098% | 0.02% |
| 14 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 1.1M | $174.0M | +40.3% | 0.097% | 0.01% |
| 15 | MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 917K | $141.4M | +2.5% | 0.079% | 0.17% |
| 16 | CITADEL ADVISORS LLC | 880K | $135.6M | +11.4% | 0.075% | 0.01% |
| 17 | ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 824K | $126.9M | -6.4% | 0.071% | 0.06% |
| 18 | WELLS FARGO & COMPANY/MN | 791K | $121.9M | +10.7% | 0.068% | 0.02% |
| 19 | ROYAL BANK OF CANADA | 784K | $120.9M | +11.7% | 0.067% | 0.02% |
| 20 | BROWN ADVISORY INC | 715K | $110.2M | +67.5% | 0.061% | 0.17% |
| 21 | JANE STREET GROUP, LLC | 714K | $110.0M | -25.6% | 0.061% | 0.01% |
| 22 | UBS Group AG | 681K | $104.9M | -50.6% | 0.058% | 0.01% |
| 23 | Squarepoint Ops LLC | 639K | $98.5M | +92.8% | 0.055% | 0.11% |
| 24 | Holocene Advisors, LP | 638K | $98.3M | — | 0.055% | 0.22% |
| 25 | CAUSEWAY CAPITAL MANAGEMENT LLC | 630K | $97.1M | +38.1% | 0.054% | 1.05% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in SAP — a direct measure of their conviction.
Filings activity in SAP during Q2 2026, grouped by how each filer changed its position.
Institutions that opened a new SAP position in Q2 2026
Institutions that fully closed their SAP position in Q2 2026
8 quarters of 13F filings · Δ columns show change vs prior quarter
| Quarter | Inst. Holders | Δ Holders | Ownership % | Δ Ownership | Total 13F Value | Δ Value |
|---|---|---|---|---|---|---|
| Q2 2026 | 829 | 2.5% | 7.53% | 0.08 pp | $13.43B | 11% |
| Q1 2026 | 850 | 7.6% | 7.61% | +1.37 pp | $15.04B | 13% |
| Q4 2025 | 920 | +0.4% | 6.24% | 0.13 pp | $17.32B | 11% |
| Q3 2025 | 916 | 3.5% | 6.37% | 2.93 pp | $19.50B | 41% |
| Q2 2025 | 949 | +10% | 9.30% | +2.89 pp | $32.97B | +69% |
| Q1 2025 | 859 | +2.6% | 6.41% | +0.33 pp | $19.45B | +12% |
| Q4 2024 | 837 | +8.8% | 6.08% | +0.16 pp | $17.36B | +12% |
| Q3 2024 | 769 | — | 5.92% | — | $15.47B | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying SAP stock.
Based on Q2 2026 13F filings, institutional ownership of SAP SE stands at 7.5%, held across 829 reporting institutions.
Fisher Asset Management, LLC is the largest reported institutional holder of SAP, with approximately 14,931,460 shares worth $2.30B as of Q2 2026.
Yes — 4 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, JANE STREET GROUP, LLC.
Our composite Smart Money Score for SAP is 55 out of 100 (Neutral). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
92 institutions opened new positions in SAP during Q2 2026, while 119 fully exited. 221 added to existing positions and 484 trimmed.
SAP institutional ownership fell by 0.08 percentage points quarter-over-quarter, with a net change of -21 holders.
The top 10 institutions account for 61.9% of all reported 13F value in SAP, and the top 25 account for 76.8%.
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