Mar 31, 2026 filings. Quarterly 13F reports arrive up to 45 days after quarter end; this register is filed through May 29, 2026.
834 institutional managers reported holding SAP for the quarter ended Mar 31, 2026. Together they hold about 7% of shares outstanding; the top 10 hold 4%. 98 opened new positions; 188 closed out. Complete ranked register from SEC 13F filings.
| manager | shares | % out | value (Mar 31, 2026 close) | change | held since |
|---|---|---|---|---|---|
| Fisher Investments | 14.53M | 1.25% | $2.49B | trimmed -1.3% | ≤2013 |
| Eagle Capital Management LLC | 7.85M | 0.67% | $1.34B | added +89.4% | 2023 Q4 |
| FMR (Fidelity) | 6.58M | 0.56% | $1.13B | trimmed -3.1% | 2016 Q1 |
| Capital International Investors | 5.01M | 0.43% | $858.0M | added +39.7% | 2018 Q4 |
| D. E. Shaw | 4.26M | 0.36% | $728.7M | added +85% | 2023 Q4 |
| Morgan Stanley | 3.62M | 0.31% | $619.1M | trimmed -1.8% | ≤2013 |
| Goldman Sachs | 3.30M | 0.28% | $565.0M | added +119.2% | ≤2013 |
| Windacre Partnership LLC (focused) | 2.76M | 0.24% | $472.9M | added +12.7% | 2020 Q4 |
| Bank OF America CORP /DE/ | 2.02M | 0.17% | $345.5M | added +15.9% | ≤2013 |
| UBS | 1.48M | 0.13% | $252.7M | added +344.7% | ≤2013 |
| Northern Trust | 1.43M | 0.12% | $244.8M | trimmed -4.8% | ≤2013 |
| Ameriprise Financial INC | 1.20M | 0.10% | $204.9M | trimmed -3.7% | ≤2013 |
| BlackRock | 1.15M | 0.10% | $197.4M | trimmed -5.7% | 2018 Q1 |
| Quadrature Capital LTD | 1.15M | 0.10% | $196.4M | added +233.4% | 2025 Q3 |
| Tidal Investments LLC | 1.02M | 0.09% | $175.4M | added +4778.5% | 2023 Q4 |
| BNP Paribas Financial Markets | 983.1k | 0.08% | $168.3M | added +95.9% | 2015 Q3 |
| Mirae Asset Global Etfs Holdings LTD. | 894.9k | 0.08% | $153.2M | added +144000.8% | 2024 Q2 |
| Arrowstreet Capital | 880.2k | 0.07% | $150.7M | opened | 2016 Q4 |
| WCM Investment Management | 833.6k | 0.07% | $142.7M | trimmed -25.6% | 2024 Q4 |
| Ruane Cunniff (Sequoia) (focused) | 749.9k | 0.06% | $128.4M | added +1532.8% | 2025 Q3 |
| Wells Fargo & COMPANY/MN | 715.1k | 0.06% | $122.4M | unchanged | ≤2013 |
| Jane Street | 702.8k | 0.06% | $120.3M | added +725.8% | 2015 Q2 |
| Royal Bank OF Canada | 701.9k | 0.06% | $120.2M | trimmed -2.1% | ≤2013 |
| Envestnet Asset Management INC | 701.1k | 0.06% | $120.0M | trimmed -3.9% | ≤2013 |
| Principal Financial Group INC | 562.5k | 0.05% | $96.3M | added +47.1% | 2017 Q4 |
| Connor, Clark & Lunn Investment Management LTD. | 533.7k | 0.05% | $91.4M | added +276.6% | 2022 Q3 |
| Voloridge Investment Management | 520.9k | 0.04% | $89.2M | added +404.5% | 2025 Q3 |
| Sustainable Growth Advisers, LP | 474.1k | 0.04% | $81.2M | trimmed -31% | ≤2013 |
| Brandes Investment Partners, LP | 465.8k | 0.04% | $79.7M | added +103% | 2022 Q2 |
| Causeway Capital Management LLC | 456.0k | 0.04% | $78.1M | added +81.9% | ≤2013 |
| Menora Mivtachim Holdings LTD. | 453.6k | 0.04% | $77.7M | opened | 2026 Q1 |
| Two Sigma | 445.4k | 0.04% | $76.3M | added +454% | 2025 Q4 |
| Brown Advisory INC | 427.2k | 0.04% | $73.1M | added +7867.8% | 2024 Q4 |
| TD Asset Management INC | 380.2k | 0.03% | $65.1M | trimmed -2.5% | ≤2013 |
| Crawford Investment Counsel INC | 373.2k | 0.03% | $63.9M | added +1.7% | 2014 Q4 |
| Harding Loevner LP | 359.2k | 0.03% | $61.5M | trimmed -7.2% | ≤2013 |
| Citadel Advisors | 339.2k | 0.03% | $58.1M | added +184% | 2015 Q3 |
| Cibc Bancorp USA INC. | 320.1k | 0.03% | $54.8M | added +147.4% | 2020 Q4 |
| Davis Selected Advisers | 317.4k | 0.03% | $54.3M | added +463.3% | ≤2013 |
| Aviso Financial INC. | 298.4k | 0.03% | $51.1M | added +4% | 2024 Q2 |
| Natixis Advisors, LLC | 285.1k | 0.02% | $48.8M | trimmed -25.8% | ≤2013 |
| First Trust Advisors LP | 267.1k | 0.02% | $45.7M | added +9.1% | ≤2013 |
| Hotchkis & Wiley Capital Management LLC | 256.5k | 0.02% | $43.9M | opened | 2026 Q1 |
| Night Owl Capital Management, LLC (focused) | 249.0k | 0.02% | $42.6M | added +0.6% | 2023 Q2 |
| Raymond James Financial INC | 246.6k | 0.02% | $42.2M | trimmed -30.9% | ≤2013 |
| MFS Investment Management | 228.5k | 0.02% | $39.1M | added +8.9% | ≤2013 |
| BNY Mellon | 226.8k | 0.02% | $38.8M | trimmed -6.9% | ≤2013 |
| Marshall Wace | 197.4k | 0.02% | $33.8M | added +38.6% | 2024 Q2 |
| AMF Tjanstepension AB | 195.9k | 0.02% | $33.5M | added +2.9% | 2025 Q2 |
| Clearbridge Investments, LLC | 189.2k | 0.02% | $32.4M | trimmed -65.2% | 2021 Q2 |
Largest 50 of 834 shown; the full ranked, searchable register is at boothcheck.com/holders/SAP. Related filers are grouped using the filings' own included-manager declarations. Historically, several managers opening new positions in the same quarter said almost nothing about the quarter that followed (59,118 cases since 2013). A filed record, not a forecast. Nothing here is investment advice.