Vault-13

SAP SE SAP

SPON ADR · ADR · CUSIP 803054204 · ISIN US8030542042

German software producer

492 institutional holders +41 vs Q3 2022
59,678,88659.7m shares reported held*
$6.2bnreported value*
73 new 161 added 159 reduced 46 sold out net sold ≈ $262.3m (-2.5m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($9.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $103.26. Options: 14 managers hold calls ($82.7m notional), 13 hold puts ($170.3m).

Trends to Q4 2022

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 451Q4 22: 492492Q3 22Q4 22
Numbers
QuarterHolders
Q3 2022451
Q4 2022492

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$50m$100m$150m$200mQ3 22 calls: $110.0mQ3 22 puts: $152.4mQ3 22P/C 1.39Q4 22 calls: $82.7mQ4 22 puts: $170.3mQ4 22P/C 2.06
Numbers
QuarterCallsPutsP/C
Q3 2022$110.0m$152.4m1.39
Q4 2022$82.7m$170.3m2.06

Biggest buyers

Capital International Investors Added +2,049,103+2.0m
Harding Loevner LP Added +789,685+789.7k
Clearbridge Investments, LLC Added +550,825+550.8k
BlackRock Inc. Added +373,318+373.3k
JANE STREET GROUP, LLC Added +357,521+357.5k
FMR LLC Added +312,774+312.8k
MORGAN STANLEY Added +238,039+238.0k
LMR Partners LLP New +100,000+100.0k
NATIXIS ADVISORS, LLC Added +83,648+83.6k
Connor, Clark & Lunn Investment Management Ltd. Added +59,095+59.1k

Biggest sellers

Alyeska Investment Group, L.P. Reduced -1,509,784-1.5m
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP Reduced -1,124,729-1.1m
Balyasny Asset Management L.P. Sold out -922,079-922.1k
D. E. Shaw & Co., Inc. Reduced -627,289-627.3k
Skye Global Management LP Sold out -582,000-582.0k
TWO SIGMA INVESTMENTS, LP Sold out -398,500-398.5k
NEUBERGER BERMAN GROUP LLC Reduced -398,467-398.5k
FIRST TRUST ADVISORS LP Reduced -266,493-266.5k
FIDUCIARY MANAGEMENT INC /WI/ Reduced -258,031-258.0k
Fisher Asset Management, LLC Reduced -231,882-231.9k

Biggest calls

Optiver Holding B.V. Reduced $30.5m295.6k shares
CITADEL ADVISORS LLC Added $17.5m169.2k shares
SIMPLEX TRADING, LLC Added $10.7m103.7k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $10.4m100.9k shares
Twin Tree Management, LP New $7.6m73.3k shares
PEAK6 Investments LLC Reduced $1.8m17.2k shares
GROUP ONE TRADING LLC Reduced $1.0m9.9k shares
Squarepoint Ops LLC New $815.2k7.9k shares
Walleye Trading LLC Reduced $732.6k7.1k shares
Cubist Systematic Strategies, LLC Reduced $660.4k6.4k shares

Biggest puts

Optiver Holding B.V. Reduced $61.0m591.4k shares
Twin Tree Management, LP Added $47.7m462.7k shares
SIMPLEX TRADING, LLC Reduced $17.3m167.9k shares
CITADEL ADVISORS LLC Added $16.1m155.8k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $15.6m151.5k shares
Walleye Trading LLC Reduced $6.8m65.7k shares
D. E. Shaw & Co., Inc. Reduced $1.8m17.6k shares
PEAK6 Investments LLC Reduced $1.8m17.4k shares
Cubist Systematic Strategies, LLC Reduced $1.2m11.3k shares
SAL Trading, LLC New $732.6k7.1k shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Insider purchases and sales in Q4 2022

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

None reported in Q4 2022.

Holders, Q4 2022

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Capital International Investors 0.21% of their portfolio Los Angeles, CA 7,518,4967.5m $776.9m $776.9m 0.21% Added +2.0m +2,049,103
2 Fisher Asset Management, LLC 0.46% of their portfolio PLANO, TX 6,532,9116.5m $674.1m $674.1m 0.46% Reduced -231.9k -231,882
3 Harding Loevner LP 3.59% of their portfolio Bridgewater, NJ 6,039,3106.0m $623.3m $623.3m 3.59% Added +789.7k +789,685
4 FMR LLC 0.06% of their portfolio BOSTON, MA 5,438,8785.4m $561.2m $561.2m 0.06% Added +312.8k +312,774
5 MORGAN STANLEY 0.03% of their portfolio NEW YORK, NY 2,750,8652.8m $283.9m $283.9m 0.03% Added +238.0k +238,039
6 WINDACRE PARTNERSHIP LLC 5.36% of their portfolio HOUSTON, TX 2,148,7002.1m $221.7m $221.7m 5.36% Reduced -95.0k -95,000
7 FIDUCIARY MANAGEMENT INC /WI/ 2.14% of their portfolio MILWAUKEE, WI 2,050,5022.1m $211.6m $211.6m 2.14% Reduced -258.0k -258,031
8 Pendal Group Ltd 1.66% of their portfolio SYDNEY, C3 1,861,8261.9m $192.1m $192.1m 1.66% Reduced -160.7k -160,695
9 Clearbridge Investments, LLC 0.19% of their portfolio NEW YORK, NY 1,831,4921.8m $189.0m $189.0m 0.19% Added +550.8k +550,825
10 PRINCIPAL FINANCIAL GROUP INC 0.12% of their portfolio DES MOINES, IA 1,494,0081.5m $154.2m $154.2m 0.12% Reduced -62.7k -62,652
11 POLEN CAPITAL MANAGEMENT LLC 0.40% of their portfolio Boca Raton, FL 1,336,6981.3m $137.9m $137.9m 0.40% Reduced -102.1k -102,059
12 FIRST TRUST ADVISORS LP 0.13% of their portfolio Wheaton, IL 1,055,6831.1m $109.0m $109.0m 0.13% Reduced -266.5k -266,493
13 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 1,013,9181.0m $104.6m $104.6m 0.01% Reduced -1.5k -1,517
14 BlackRock Inc. 0.00% of their portfolio New York, NY 932,650932.6k $96.2m $96.2m 0.00% Added +373.3k +373,318
15 Sustainable Growth Advisers, LP 0.60% of their portfolio STAMFORD, CT 888,339888.3k $91.7m $91.7m 0.60% Reduced -169.4k -169,424
16 WELLS FARGO & COMPANY/MN 0.03% of their portfolio SAN FRANCISCO, CA 879,560879.6k $90.8m $90.8m 0.03% Reduced -555 -555
17 NORTHERN TRUST CORP 0.02% of their portfolio CHICAGO, IL 831,235831.2k $85.8m $85.8m 0.02% Reduced -29.5k -29,523
18 GOLDMAN SACHS GROUP INC 0.02% of their portfolio NEW YORK, NY 827,475827.5k $85.4m $85.4m 0.02% Reduced -76.3k -76,296
19 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 737,217737.2k $76.1m $76.1m 0.02% Added +16.8k +16,804
20 MAR VISTA INVESTMENT PARTNERS LLC 2.97% of their portfolio LOS ANGELES, CA 642,194642.2k $66.3m $66.3m 2.97% Reduced -21.4k -21,367
21 NEUBERGER BERMAN GROUP LLC 0.06% of their portfolio NEW YORK, NY 557,696557.7k $57.5m $57.5m 0.06% Reduced -398.5k -398,467
22 ENVESTNET ASSET MANAGEMENT INC 0.03% of their portfolio Berwyn, PA 532,884532.9k $55.0m $55.0m 0.03% Added +37.5k +37,533
23 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 505,439505.4k $52.2m $52.2m 0.01% Reduced -35.8k -35,817
24 RAYMOND JAMES & ASSOCIATES 0.04% of their portfolio ST PETERSBURG, FL 470,250470.2k $48.5m $48.5m 0.04% Added +48.7k +48,699
25 CRAWFORD INVESTMENT COUNSEL INC 1.03% of their portfolio ATLANTA, GA 462,045462.0k $47.7m $47.7m 1.03% Reduced -44.4k -44,366
26 AMERIPRISE FINANCIAL INC 0.02% of their portfolio MINNEAPOLIS, MN 425,682425.7k $44.0m $44.0m 0.02% Reduced -99.3k -99,335
27 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 381,413381.4k $39.4m $39.4m 0.01% Reduced -22.2k -22,195
28 JANE STREET GROUP, LLC 0.07% of their portfolio NEW YORK, NY 362,234362.2k $37.4m $37.4m 0.07% Added +357.5k +357,521
29 CAMBIAR INVESTORS LLC 1.65% of their portfolio Denver, CO 351,115351.1k $36.2m $36.2m 1.65% Reduced -36.9k -36,915
30 Credential Qtrade Securities Inc. 2.49% of their portfolio VANCOUVER, A1 336,246336.2k $34.7m $34.7m 2.49% Reduced -1.4k -1,383
31 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.02% of their portfolio Toronto, A6 277,627277.6k $28.6m $28.6m 0.02% Added +709 +709
32 CAUSEWAY CAPITAL MANAGEMENT LLC 0.81% of their portfolio LOS ANGELES, CA 269,757269.8k $27.8m $27.8m 0.81% Reduced -10.4k -10,355
33 NATIXIS ADVISORS, LLC 0.10% of their portfolio Boston, MA 266,301266.3k $27.5m $27.5m 0.10% Added +83.6k +83,648
34 BECKER CAPITAL MANAGEMENT INC 1.10% of their portfolio Portland, OR 228,654228.7k $23.6m $23.6m 1.10% Added +37.7k +37,668
35 JARISLOWSKY, FRASER Ltd 0.14% of their portfolio MONTREAL, A8 206,240206.2k $21.3m $21.3m 0.14% Reduced -6.7k -6,714
36 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 204,953205.0k $22.8m $22.8m 0.01% Reduced -15.9k -15,860
37 SEI INVESTMENTS CO 0.04% of their portfolio OAKS, PA 182,941182.9k $18.9m $18.9m 0.04% Added +11.8k +11,836
38 Connor, Clark & Lunn Investment Management Ltd. 0.11% of their portfolio VANCOUVER, A1 182,577182.6k $18.8m $18.8m 0.11% Added +59.1k +59,095
39 Cardinal Capital Management, Inc. 1.01% of their portfolio WINNIPEG, A2 173,934173.9k $17.9m $17.9m 1.01% Added +6.3k +6,340
40 STIFEL FINANCIAL CORP 0.03% of their portfolio ST. LOUIS, MO 164,025164.0k $16.9m $16.9m 0.03% Added +18.3k +18,304
41 Russell Investments Group, Ltd. 0.03% of their portfolio Seattle, WA 151,537151.5k $15.6m $15.6m 0.03% Added +2.6k +2,579
42 Optiver Holding B.V. 0.93% of their portfolio AMSTERDAM, P7 149,109149.1k $15.4m $15.4m 0.93% Reduced -12.8k -12,798
43 Davis Selected Advisers 0.10% of their portfolio Tucson, AZ 142,835142.8k $14.7m $14.7m 0.10% Added +30.7k +30,727
44 D. E. Shaw & Co., Inc. 0.02% of their portfolio New York, NY 142,094142.1k $14.7m $14.7m 0.02% Reduced -627.3k -627,289
45 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 137,655137.7k $14.2m $14.2m 0.00% Reduced -49.3k -49,336
46 Boston Common Asset Management, LLC 0.64% of their portfolio BOSTON, MA 129,706129.7k $13.4m $13.4m 0.64% Reduced -33.6k -33,634
47 HANTZ FINANCIAL SERVICES, INC. 0.40% of their portfolio SOUTHFIELD, MI 127,177127.2k $13.1m $13.1m 0.40% Added +16.2k +16,157
48 US BANCORP \DE\ 0.02% of their portfolio MINNEAPOLIS, MN 119,371119.4k $12.3m $12.3m 0.02% Reduced -1.6k -1,620
49 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.02% of their portfolio BOSTON, MA 117,131117.1k $12.1m $12.1m 0.02% Reduced -1.1m -1,124,729
50 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.00% of their portfolio Boston, MA 112,507112.5k $11.6m $11.6m 0.00% Reduced -2.8k -2,773
51 COERENTE CAPITAL MANAGEMENT 2.32% of their portfolio TORONTO, A6 101,800101.8k $10.5m $10.5m 2.32% Added +3.0k +3,003
52 LMR Partners LLP 0.20% of their portfolio LONDON, X0 100,000100.0k $10.3m $10.3m 0.20% New
53 J.P. Morgan Private Wealth Advisors LLC 0.02% of their portfolio SAN FRANCISCO, CA 96,64496.6k $10.0m $10.0m 0.02% Reduced -3.2k -3,183
54 OPPENHEIMER ASSET MANAGEMENT INC. 0.15% of their portfolio NEW YORK, NY 92,20992.2k $9.5m $9.5m 0.15% Reduced -4.2k -4,232
55 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 88,94588.9k $9.2m $9.2m 0.01% Added +433 +433
56 Janney Montgomery Scott LLC 0.03% of their portfolio PHILADELPHIA, PA 81,01081.0k $8.4m $8.4m 0.03% Added +12.9k +12,854
57 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 78,10378.1k $8.1m $8.1m 0.01% Reduced -7.8k -7,845
58 Crossmark Global Holdings, Inc. 0.19% of their portfolio HOUSTON, TX 73,49873.5k $7.6m $7.6m 0.19% Reduced -98.0k -98,041
59 Mariner, LLC 0.02% of their portfolio Overland Park, KS 71,94571.9k $7.4m $7.4m 0.02% Added +7.1k +7,133
60 NorthCrest Asset Manangement, LLC 0.42% of their portfolio PLYMOUTH, MN 70,80170.8k $7.3m $7.3m 0.42% Reduced -3.5k -3,481
61 UBS Group AG 0.00% of their portfolio ZURICH, V8 70,60970.6k $7.3m $7.3m 0.00% Added +6.9k +6,916
62 KORNITZER CAPITAL MANAGEMENT INC /KS 0.14% of their portfolio SHAWNEE MISSION, KS 64,80064.8k $6.7m $6.7m 0.14% Unchanged
63 OLD MISSION CAPITAL LLC 0.29% of their portfolio CHICAGO, IL 64,46564.5k $6.7m $6.7m 0.29% Added +34.9k +34,898
64 Woodline Partners LP 0.09% of their portfolio San Francisco, CA 60,19160.2k $6.2m $6.2m 0.09% Added +33.5k +33,545
65 SCOTIA CAPITAL INC. 0.05% of their portfolio TORONTO, A6 59,97160.0k $6.2m $6.2m 0.05% Added +2.0k +2,033
66 Dash Acquisitions Inc. 3.15% of their portfolio WOODLAND HILLS, CA 57,99558.0k $6.0m $6.0m 3.15% Reduced -3.4k -3,414
67 Polaris Wealth Advisory Group, LLC 0.49% of their portfolio SAN RAFAEL, CA 56,99757.0k $6.5m $6.5m 0.49% Reduced -5.4k -5,429
68 Manning & Napier Group, LLC 0.07% of their portfolio Fairport, NY 56,34756.3k $5.8m $5.8m 0.07% Reduced -1.7k -1,747
69 GUARDIAN CAPITAL ADVISORS LP 0.73% of their portfolio TORONTO, A6 55,51555.5k $6.5m $6.5m 0.73% Reduced -634 -634
70 CONNING INC. 0.19% of their portfolio HARTFORD, CT 55,31855.3k $5.7m $5.7m 0.19% New
71 Fosun International Ltd 0.47% of their portfolio HONG KONG, F4 55,31855.3k $5.7m $5.7m 0.47% Unchanged
72 PFS INVESTMENTS INC. 0.11% of their portfolio DULUTH, GA 55,31455.3k $5.7m $5.7m 0.11% Added +16.8k +16,772
73 Creative Planning 0.01% of their portfolio OVERLAND PARK, KS 53,87853.9k $5.6m $5.6m 0.01% Added +7.2k +7,162
74 NATIONAL BANK OF CANADA /FI/ 0.01% of their portfolio MONTREAL, A8 53,51853.5k $5.5m $5.5m 0.01% Reduced -1.3k -1,320
75 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 52,34052.3k $5.4m $5.4m 0.01% Added +44.2k +44,192
76 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 52,15252.2k $5.4m $5.4m 0.00% Added +4.6k +4,637
77 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 51,99952.0k $5.4m $5.4m 0.01% Reduced -2.1k -2,078
78 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 51,12251.1k $5.3m $5.3m 0.00% Added +7.3k +7,322
79 Ethic Inc. 0.28% of their portfolio NEW YORK, NY 51,04551.0k $5.3m $5.3m 0.28% Added +22.3k +22,296
80 Rock Point Advisors, LLC 1.80% of their portfolio BURLINGTON, VT 50,41550.4k $5.2m $5.2m 1.80% Reduced -17.2k -17,224
81 KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 0.02% of their portfolio LOS ANGELES, CA 47,10747.1k $4.9m $4.9m 0.02% Added +6.0k +6,028
82 Twin Tree Management, LP 0.15% of their portfolio DALLAS, TX 47,07547.1k $4.9m $4.9m 0.15% Added +24.8k +24,779
83 One Capital Management, LLC 0.25% of their portfolio WESTLAKE VILLAGE, CA 46,15146.2k $4.8m $4.8m 0.25% Reduced -684 -684
84 Cox Capital Mgt LLC 3.08% of their portfolio ANDOVER, MA 45,88845.9k $4.7m $4.7m 3.08% Reduced -5 -5
85 CHARTWELL INVESTMENT PARTNERS, LLC 0.18% of their portfolio BERYWN, PA 43,66143.7k $4.5m $4.5m 0.18% Reduced -9.9k -9,902
86 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 43,12443.1k $4.5m $4.5m 0.00% Reduced -8.1k -8,070
87 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 42,74742.7k $4.4m $4.4m 0.00% Added +3.2k +3,235
88 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 42,16442.2k $4.4m $4.4m 0.00% Added +6.7k +6,704
89 FEDERATED HERMES, INC. 0.01% of their portfolio PITTSBURGH, PA 41,95642.0k $4.3m $4.3m 0.01% Reduced -3 -3
90 Capital Investment Counsel, Inc 0.98% of their portfolio RALEIGH, NC 40,44540.4k $4.2m $4.2m 0.98% Added +1.1k +1,095
91 Cohen Klingenstein LLC 0.20% of their portfolio NEW YORK, NY 39,43339.4k $4.1m $4.1m 0.20% Reduced -4.3k -4,267
92 Timber Creek Capital Management LLC 1.50% of their portfolio BOSTON, MA 38,41638.4k $4.0m $4.0m 1.50% Added +7.1k +7,130
93 WINTON GROUP Ltd 0.26% of their portfolio LONDON, X0 38,26138.3k $3.9m $3.9m 0.26% New
94 Henry James International Management Inc. 1.90% of their portfolio NEW YORK, NY 38,17438.2k $3.9m $3.9m 1.90% Added +3 +3
95 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 37,14537.1k $3.8m $3.8m 0.00% Reduced -1.0k -1,027
96 Capricorn Fund Managers Ltd 0.97% of their portfolio LONDON, X0 36,88036.9k $3.8m $3.8m 0.97% Not comparable
97 Boston Trust Walden Corp 0.03% of their portfolio BOSTON, MA 36,23036.2k $3.7m $3.7m 0.03% Reduced -150 -150
98 NAPLES GLOBAL ADVISORS, LLC 0.46% of their portfolio NAPLES, FL 35,29235.3k $3.6m $3.6m 0.46% Added +320 +320
99 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 35,21135.2k $3.6m $3.6m 0.00% Added +6.7k +6,725
100 ASSETMARK, INC 0.02% of their portfolio CONCORD, CA 34,60534.6k $3.6m $3.6m 0.02% Added +6.0k +6,004