SAP SE (SAP) — Institutional Holders, Q2 2026

829 institutional investment managers reported a SAP position on SEC Form 13F-HR for the quarter ended June 30, 2026, with a combined reported value of $13.0B. Every filer is listed below, ranked by position value, 100 per page; this page shows ranks 1 to 100. Put and call option positions are excluded, and a firm filing several lots or share classes is shown once with its total.

← SAP stock profile

SAP in Q2 2026: what funds did

Funds that filed a 13F for both Q1 2026 and Q2 2026, by what they did with the common stock. Share counts are adjusted for any split between the two quarters; dollar figures are the change in shares at this quarter’s price.

New positions

Added to

344

Trimmed

249

Sold out

120

Biggest buyers

GOLDMAN SACHS GROUPAdded · +2,722,711 sh+$419.6M
HOTCHKIS & WILEY CAPITAL MANAGEMENTAdded · +2,252,410 sh+$347.1M
MORGAN STANLEYAdded · +1,860,094 sh+$286.7M
WINDACRE PARTNERSHIPAdded · +1,637,175 sh+$252.3M
EAGLE CAPITAL MANAGEMENTAdded · +792,012 sh+$122.1M

Biggest sellers

FMRTrimmed · -4,589,157 sh-$707.2M
D. E. ShawTrimmed · -2,806,520 sh-$432.5M
Quadrature Capital LtdTrimmed · -994,344 sh-$153.2M
JPMORGAN CHASETrimmed · -953,025 sh-$146.9M
WCM INVESTMENT MANAGEMENTSold out · -833,584 sh-$128.5M

SAP 13F holders ranked 1–100 of 829

Institutional investors reporting a position in SAP SE on SEC Form 13F-HR for Q2 2026, ranked by reported value.
#	Institution	Shares	Value	% of portfolio	QoQShares vs Q1 2026
1	Fisher Asset Management#1 · 14,931,460 sh	14,931,460	$2.3B	0.69%	+2.7%
2	EAGLE CAPITAL MANAGEMENT#2 · 8,640,615 sh	8,640,615	$1.3B	4.07%	+10.1%
3	GOLDMAN SACHS GROUP#3 · 6,023,085 sh	6,023,085	$928.2M	0.08%	+82.5%
4	Capital International Investors#4 · 5,681,413 sh	5,681,413	$876.6M	0.18%	+13.4%
5	MORGAN STANLEY#5 · 5,476,111 sh	5,476,111	$843.9M	0.04%	+51.4%
6	WINDACRE PARTNERSHIP#6 · 4,399,300 sh	4,399,300	$678.0M	6.70%	+59.3%
7	HOTCHKIS & WILEY CAPITAL MANAGEMENT#7 · 2,508,905 sh	2,508,905	$386.6M	1.13%	+878.1%
8	BANK OF AMERICA#8 · 2,391,150 sh	2,391,150	$368.5M	0.02%	+18.5%
9	FMR#9 · 1,991,923 sh	1,991,923	$307.0M	0.01%	-69.7%
10	D. E. Shaw#10 · 1,450,152 sh	1,450,152	$223.5M	0.11%	-65.9%
11	BlackRock#11 · 1,249,520 sh	1,249,520	$192.6M	<0.01%	+8.4%
12	Ruane, Cunniff & Goldfarb L.P.#12 · 1,236,546 sh	1,236,546	$190.6M	2.96%	+64.9%
13	Toroso Investments#13 · 1,214,315 sh	1,214,315	$187.1M	0.32%	+18.5%
14	NORTHERN#14 · 1,146,783 sh	1,146,783	$176.7M	0.02%	-19.8%
15	MIRAE ASSET GLOBAL ETFS Ltd.#15 · 917,375 sh	917,375	$141.4M	0.17%	+2.5%
16	ARROWSTREET CAPITAL, LIMITED PARTNERSHIP#16 · 823,529 sh	823,529	$126.9M	0.06%	-6.4%
17	WELLS FARGO & COMPANY#17 · 791,300 sh	791,300	$121.9M	0.02%	+10.6%
18	ROYAL BANK OF CANADA#18 · 784,221 sh	784,221	$120.9M	0.02%	+11.7%
19	BROWN ADVISORY#19 · 715,364 sh	715,364	$110.2M	0.17%	+67.5%
20	UBS Group AG#20 · 680,559 sh	680,559	$104.9M	0.01%	-50.6%
21	Holocene Advisors#21 · 638,000 sh	638,000	$98.3M	0.22%	New
22	CAUSEWAY CAPITAL MANAGEMENT#22 · 629,801 sh	629,801	$97.1M	1.05%	+38.1%
23	BRANDES INVESTMENT PARTNERS#23 · 614,006 sh	614,006	$94.6M	0.66%	+31.8%
24	ENVESTNET ASSET MANAGEMENT#24 · 592,149 sh	592,149	$91.3M	0.02%	-15.5%
25	PRINCIPAL FINANCIAL GROUP#25 · 583,211 sh	583,211	$89.9M	0.04%	+5.9%
26	First Pacific Advisors#26 · 555,426 sh	555,426	$85.6M	1.06%	New
27	FIRST ADVISORS#27 · 538,309 sh	538,309	$83.0M	0.05%	+101.6%
28	AMERIPRISE FINANCIAL#28 · 441,524 sh	441,524	$67.8M	0.01%	-63.1%
29	CIBC Bancorp USA#29 · 399,809 sh	399,809	$61.6M	0.07%	+24.9%
30	CRAWFORD INVESTMENT COUNSEL#30 · 387,737 sh	387,737	$59.8M	1.00%	+3.9%
31	Sustainable Growth Advisers#31 · 351,771 sh	351,771	$54.2M	—	-25.8%
32	JPMORGAN CHASE#32 · 324,086 sh	324,086	$50.2M	<0.01%	-74.6%
33	Aviso Financial#33 · 289,401 sh	289,401	$44.6M	1.55%	-3.0%
34	NATIXIS ADVISORS#34 · 287,919 sh	287,919	$44.4M	0.05%	+3.5%
35	MASSACHUSETTS FINANCIAL SERVICES#35 · 227,588 sh	227,588	$43.8M	0.01%	-0.4%
36	HARDING LOEVNER#36 · 281,110 sh	281,110	$43.6M	0.41%	-21.7%
37	TD ASSET MANAGEMENT#37 · 243,499 sh	243,499	$37.5M	0.03%	-36.0%
38	RAYMOND JAMES FINANCIAL#38 · 235,293 sh	235,293	$36.3M	<0.01%	-4.6%
39	Bank of New York Mellon#39 · 228,173 sh	228,173	$35.2M	<0.01%	+0.6%
40	SEI INVESTMENTS#40 · 215,546 sh	215,546	$33.2M	0.03%	+20.4%
41	BNP PARIBAS FINANCIAL MARKETS#41 · 208,031 sh	208,031	$32.1M	0.01%	-78.8%
42	Quantinno Capital Management#42 · 207,511 sh	207,511	$32.0M	0.04%	+44.2%
43	AMF Tjanstepension AB#43 · 195,895 sh	195,895	$30.2M	—	0.0%
44	Night Owl Capital Management#44 · 188,848 sh	188,848	$29.1M	3.05%	-24.2%
45	MARSICO CAPITAL MANAGEMENT#45 · 186,261 sh	186,261	$28.7M	0.75%	+48.6%
46	CHARLES SCHWAB INVESTMENT MANAGEMENT#46 · 182,764 sh	182,764	$28.2M	<0.01%	+18.0%
47	Vident Advisory#47 · 182,310 sh	182,310	$28.1M	0.20%	+53.9%
48	SUSQUEHANNA INTERNATIONAL GROUP, LLP#48 · 178,749 sh	178,749	$27.5M	<0.01%	+98.8%
49	JONES FINANCIAL COMPANIES LLLP#49 · 177,112 sh	177,112	$27.5M	0.01%	+14.7%
50	1832 Asset Management L.P.#50 · 177,629 sh	177,629	$27.4M	0.01%	-1.8%
51	Neuberger Berman Group#51 · 176,863 sh	176,863	$27.3M	0.02%	-4.5%
52	BECKER CAPITAL MANAGEMENT#52 · 174,594 sh	174,594	$26.9M	0.72%	+0.7%
53	FORT WASHINGTON INVESTMENT ADVISORS#53 · 172,140 sh	172,140	$26.5M	—	New
54	AMERICAN CENTURY COMPANIES#54 · 164,217 sh	164,217	$25.3M	0.01%	+11.6%
55	COERENTE CAPITAL MANAGEMENT#55 · 160,606 sh	160,606	$24.8M	4.56%	+16.6%
56	STIFEL FINANCIAL#56 · 159,163 sh	159,163	$24.5M	0.02%	+1.5%
57	Creative Planning#57 · 157,554 sh	157,554	$24.3M	0.01%	+22.5%
58	Quadrature Capital Ltd#58 · 153,061 sh	153,061	$23.6M	0.20%	-86.7%
59	Promethos Capital#59 · 144,421 sh	144,421	$22.3M	6.05%	+15.9%
60	Ironvine Capital Partners#60 · 144,159 sh	144,159	$22.2M	2.07%	New
61	PNC FINANCIAL SERVICES GROUP#61 · 135,241 sh	135,241	$20.8M	0.01%	+1.7%
62	LPL Financial#62 · 134,987 sh	134,987	$20.8M	<0.01%	+7.1%
63	Cerity Partners#63 · 130,973 sh	130,973	$20.2M	0.02%	-6.3%
64	FAYEZ SAROFIM#64 · 128,397 sh	128,397	$19.8M	0.05%	+0.4%
65	BANK OF MONTREAL#65 · 127,957 sh	127,957	$19.7M	<0.01%	+11.8%
66	Capital International#66 · 126,181 sh	126,181	$19.4M	0.14%	+20.4%
67	RIVERBRIDGE PARTNERS#67 · 125,736 sh	125,736	$19.4M	0.54%	-9.5%
68	Pathstone#68 · 125,522 sh	125,522	$19.3M	0.06%	-3.0%
69	abrdn plc#69 · 119,200 sh	119,200	$18.4M	0.03%	0.0%
70	THORNBURG INVESTMENT MANAGEMENT#70 · 119,017 sh	119,017	$18.3M	0.18%	+17.3%
71	Grantham, Mayo, Van Otterloo#71 · 117,647 sh	117,647	$18.1M	0.04%	+16.5%
72	Obermeyer Wealth Partners#72 · 116,031 sh	116,031	$17.9M	—	+14.4%
73	CAPTRUST FINANCIAL ADVISORS#73 · 115,068 sh	115,068	$17.7M	0.03%	+233.5%
74	CIDEL ASSET MANAGEMENT#74 · 111,952 sh	111,952	$17.3M	0.83%	-22.1%
75	Dash Acquisitions#75 · 79,218 sh	79,218	$16.2M	3.28%	-2.4%
76	DEPRINCE RACE & ZOLLO#76 · 102,198 sh	102,198	$15.7M	—	-36.9%
77	Ramirez Asset Management#77 · 101,630 sh	101,630	$15.7M	1.63%	+184.9%
78	ASSETMARK#78 · 101,442 sh	101,442	$15.6M	—	+38.4%
79	Connor, Clark & Lunn Investment Management Ltd.#79 · 100,549 sh	100,549	$15.5M	0.03%	-81.2%
80	UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AME#80 · 97,555 sh	97,555	$15.0M	<0.01%	0.0%
81	O'SHAUGHNESSY ASSET MANAGEMENT#81 · 93,836 sh	93,836	$14.5M	0.07%	+2.5%
82	CITADEL ADVISORS#82 · 91,981 sh	91,981	$14.2M	<0.01%	-72.9%
83	TB Capital Gestao de Recursos Ltda.#83 · 91,841 sh	91,841	$14.2M	7.75%	+18.2%
84	Cardinal Capital Management#84 · 90,961 sh	90,961	$14.0M	—	+1.0%
85	AQR CAPITAL MANAGEMENT#85 · 90,633 sh	90,633	$14.0M	<0.01%	-11.4%
86	CITIGROUP#86 · 88,813 sh	88,813	$13.7M	<0.01%	+182.8%
87	US BANCORP \DE\#87 · 88,375 sh	88,375	$13.6M	0.01%	-9.8%
88	Allspring Global Investments#88 · 84,946 sh	84,946	$13.5M	0.02%	+51.1%
89	Canoe Financial#89 · 83,330 sh	83,330	$12.8M	—	-25.2%
90	PRIMECAP MANAGEMENT#90 · 82,500 sh	82,500	$12.7M	<0.01%	+534.6%
91	TWO SIGMA INVESTMENTS#91 · 81,258 sh	81,258	$12.5M	<0.01%	-81.8%
92	Russell Investments Group, Ltd.#92 · 78,706 sh	78,706	$12.1M	0.01%	+6.1%
93	Crossmark Global#93 · 77,739 sh	77,739	$12.0M	—	+1.8%
94	SCOTIA CAPITAL#94 · 75,429 sh	75,429	$11.6M	0.04%	+4.6%
95	Bulltick Wealth Management#95 · 74,064 sh	74,064	$11.4M	2.33%	+68.3%
96	Nuveen#96 · 72,689 sh	72,689	$11.2M	<0.01%	+408.2%
97	Generali Investments CEE, investicni spolecnost, a.s.#97 · 72,243 sh	72,243	$11.1M	—	+7.0%
98	Meridiem Capital Partners#98 · 72,235 sh	72,235	$11.1M	0.50%	New
99	Ethic#99 · 70,908 sh	70,908	$10.9M	0.14%	-0.4%
100	QRG CAPITAL MANAGEMENT#100 · 68,368 sh	68,368	$10.5M	0.09%	+12.0%

Funds that sold out of SAP in Q2 2026 (120)

Held SAP at the end of Q1 2026 and filed a Q2 2026 13F without it. Not in the list above, because they no longer hold it. Largest prior position first.

Institutions that held SAP in Q1 2026 and reported no position in Q2 2026.
Institution	Shares sold	Value in Q1 2026
WCM INVESTMENT MANAGEMENT833,584 sh	833,584	$140.3M
JANE STREET GROUP702,777 sh	702,777	$120.3M
VOLORIDGE INVESTMENT MANAGEMENT520,926 sh	520,926	$89.2M
MENORA MIVTACHIM LTD.453,650 sh	453,650	$77.7M
Clearbridge Investments189,173 sh	189,173	$32.4M
Petrus Company, LTA152,542 sh	152,542	$26.1M
T. Rowe Price Investment Management145,632 sh	145,632	$24.9M
TUDOR INVESTMENT ET AL138,812 sh	138,812	$23.8M
Y-Intercept (Hong Kong) Ltd122,505 sh	122,505	$21.0M
Aquatic Capital Management106,141 sh	106,141	$18.2M
WELLINGTON MANAGEMENT GROUP LLP68,431 sh	68,431	$11.7M
Hudson Bay Capital Management60,000 sh	60,000	$10.3M
JENNISON ASSOCIATES48,323 sh	48,323	$8.3M
Delta Investment Management33,134 sh	33,134	$5.7M
Skye Global Management23,200 sh	23,200	$4.0M
Select Equity Group, L.P.15,393 sh	15,393	$2.6M
CAPITAL FUND MANAGEMENT S.A.15,081 sh	15,081	$2.6M
DARA CAPITAL US14,304 sh	14,304	$2.4M
Campbell & Investment Adviser13,654 sh	13,654	$2.3M
Qube Research & Technologies Ltd13,566 sh	13,566	$2.3M
ABC ARBITRAGE SA13,467 sh	13,467	$2.3M
Maxi Investments CY Ltd11,800 sh	11,800	$2.0M
Woodline Partners10,768 sh	10,768	$1.8M
Pacific Capital Partners Ltd8,300 sh	8,300	$1.4M
Kovitz Investment Group Partners8,179 sh	8,179	$1.4M
Daiwa Securities Group6,452 sh	6,452	$1.1M
GFS Advisors25,000 sh	25,000	$991.8K
Marks Group Wealth Management5,384 sh	5,384	$921.8K
Private Advisor Group4,933 sh	4,933	$844.6K
Headlands Technologies4,431 sh	4,431	$758.6K
CONNABLE OFFICE4,292 sh	4,292	$734.8K
AXQ CAPITAL4,072 sh	4,072	$697.2K
Golden State Equity Partners4,061 sh	4,061	$695.3K
WEALTHEDGE INVESTMENT ADVISORS3,774 sh	3,774	$646.1K
Calamos Advisors3,589 sh	3,589	$614.5K
AIGEN INVESTMENT MANAGEMENT3,375 sh	3,375	$577.8K
MAR VISTA INVESTMENT PARTNERS3,066 sh	3,066	$524.9K
Voleon Capital Management2,986 sh	2,986	$511.2K
Clare Market Investments2,840 sh	2,840	$486.2K
Quantbot Technologies2,832 sh	2,832	$484.9K
BALYASNY ASSET MANAGEMENT L.P.2,800 sh	2,800	$479.4K
DRW Securities2,746 sh	2,746	$470.1K
BIRCH FINANCIAL GROUP2,593 sh	2,593	$443.9K
GROUP ONE TRADING, L.P.2,315 sh	2,315	$396.4K
NORDEN GROUP2,306 sh	2,306	$394.8K
OPPENHEIMER2,303 sh	2,303	$394.3K
FDx Advisors2,269 sh	2,269	$388.0K
Fifth Third Wealth Advisors2,240 sh	2,240	$383.6K
Indivisible Partners2,219 sh	2,219	$379.9K
THRIVENT FINANCIAL FOR LUTHERANS2,132 sh	2,132	$363.0K
Legacy Capital Group California2,098 sh	2,098	$359.2K
Equitable1,544 sh	1,544	$356.8K
Strategic Global Advisors1,945 sh	1,945	$333.0K
SCHRODER INVESTMENT MANAGEMENT GROUP1,889 sh	1,889	$317.9K
Baron Wealth Management1,707 sh	1,707	$292.3K
Advisor OS1,508 sh	1,508	$258.2K
MOODY NATIONAL BANK DIVISION1,417 sh	1,417	$242.6K
Nelson, Van Denburg & Campbell Wealth Management Group1,392 sh	1,392	$238.3K
S.A. Mason1,384 sh	1,384	$237.0K
BANK OF NOVA SCOTIA1,379 sh	1,379	$236.1K
Entelevest1,362 sh	1,362	$233.2K
Mengis Capital Management1,350 sh	1,350	$231.1K
Voya Financial Advisors1,398 sh	1,398	$229.3K
SmartHarvest Portfolios1,321 sh	1,321	$226.2K
STEPHENS1,312 sh	1,312	$224.6K
EVOKE WEALTH1,288 sh	1,288	$220.7K
Financiere des Professionnels - Fonds d,investissement1,287 sh	1,287	$220.3K
D'Orazio & Associates1,276 sh	1,276	$218.5K
Wealthcare Advisory Partners1,264 sh	1,264	$216.3K
INGALLS & SNYDER1,249 sh	1,249	$214.0K
Clear Harbor Asset Management1,247 sh	1,247	$213.5K
Aspen Grove Capital1,225 sh	1,225	$209.9K
JACKSON THORNTON WEALTH MANAGEMENT1,282 sh	1,282	$209.1K
Brookstone Capital Management1,217 sh	1,217	$208.3K
OAK HARBOR WEALTH PARTNERS1,212 sh	1,212	$207.5K
EARNED WEALTH ADVISORS1,211 sh	1,211	$207.3K
Waverly Advisors1,203 sh	1,203	$206.0K
RIVERSEDGE ADVISORS1,190 sh	1,190	$203.7K
Baird Financial Group1,182 sh	1,182	$202.3K
EWA1,173 sh	1,173	$200.8K
DAVENPORT1,168 sh	1,168	$200.0K
TopTier Wealth Management597 sh	597	$102.2K
Wealth Preservation Advisors434 sh	434	$74.3K
Opal Wealth Advisors419 sh	419	$71.7K
TWIN PEAKS WEALTH ADVISORS416 sh	416	$71.2K
FIL Ltd385 sh	385	$65.9K
FNY Investment Advisers250 sh	250	$42.0K
TOTH FINANCIAL ADVISORY200 sh	200	$34.2K
Root Financial Partners188 sh	188	$32.2K
Intentional Wealth Strategies174 sh	174	$29.8K
DAGCO168 sh	168	$28.8K
Annis Gardner Whiting Capital Advisors131 sh	131	$22.4K
Sound Income Strategies112 sh	112	$19.2K
Perkins Coie80 sh	80	$13.7K
True Link Financial Advisors72 sh	72	$12.3K
Truvestments Capital68 sh	68	$11.6K
Innovative Asset Advisors Group65 sh	65	$11.1K
Global Asset Management48 sh	48	$8.2K
Westend Capital Management46 sh	46	$7.9K
Basepoint Wealth36 sh	36	$6.1K

And 20 smaller positions.

Source: Form 13F-HR filings on SEC EDGAR, Q2 2026. Values are as reported by each manager at quarter end. “% of portfolio” is the position’s share of the manager’s total reported 13F value for the same quarter. “New” means the manager filed a 13F for Q1 2026 without this position; a dash means no comparison is available. Where a manager’s own filing is internally inconsistent its value is withheld and it is listed last. 13F data shows reported holdings, not recommendations.