Vault-13

SAP SE SAP

SPON ADR · ADR · CUSIP 803054204 · ISIN US8030542042

German software producer

742 institutional holders +37 vs Q1 2024
70,696,05170.7m shares reported held*
$14.2bnreported value*
84 new 298 added 236 reduced 46 sold out net sold ≈ $20.7m (-75.4k 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 ($42.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $201.55. Options: 17 managers hold calls ($104.8m notional), 17 hold puts ($197.5m).

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

0250500750Q3 22: 451Q4 22: 492Q1 23: 531Q2 23: 570Q3 23: 585Q4 23: 647Q1 24: 705Q2 24: 742742Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 2022451
Q4 2022492
Q1 2023531
Q2 2023570
Q3 2023585
Q4 2023647
Q1 2024705
Q2 2024742

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
4000400Q4 22: 234 bought or addedQ4 22: 205 cut or sold outQ4 22Q1 23: 274 bought or addedQ1 23: 205 cut or sold outQ2 23: 258 bought or addedQ2 23: 245 cut or sold outQ2 23Q3 23: 311 bought or addedQ3 23: 199 cut or sold outQ4 23: 304 bought or addedQ4 23: 257 cut or sold outQ4 23Q1 24: 340 bought or addedQ1 24: 314 cut or sold outQ2 24: 382 bought or addedQ2 24: 282 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 2022234205
Q1 2023274205
Q2 2023258245
Q3 2023311199
Q4 2023304257
Q1 2024340314
Q2 2024382282

Calls vs puts

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

CallsPuts
$0$100m$200m$300mQ3 23 calls: $117.4mQ3 23 puts: $244.5mQ3 23P/C 2.08Q4 23 calls: $131.6mQ4 23 puts: $230.0mQ4 23P/C 1.75Q1 24 calls: $114.8mQ1 24 puts: $193.1mQ1 24P/C 1.68Q2 24 calls: $104.8mQ2 24 puts: $197.5mQ2 24P/C 1.89
Numbers
QuarterCallsPutsP/C
Q3 2023$117.4m$244.5m2.08
Q4 2023$131.6m$230.0m1.75
Q1 2024$114.8m$193.1m1.68
Q2 2024$104.8m$197.5m1.89

Biggest buyers

FMR LLC Added +2,047,177+2.0m
Harding Loevner LP Added +1,298,709+1.3m
MACQUARIE GROUP LTD Added +1,272,617+1.3m
BANK OF AMERICA CORP /DE/ Added +747,739+747.7k
Capital International Investors Added +507,734+507.7k
WESTFIELD CAPITAL MANAGEMENT CO LP Added +368,944+368.9k
EAGLE CAPITAL MANAGEMENT LLC Added +363,978+364.0k
KEYSTONE INVESTORS PTE LTD Added +279,852+279.9k
GOLDMAN SACHS GROUP INC Added +158,464+158.5k
Point72 Asset Management, L.P. New +123,822+123.8k

Biggest sellers

MORGAN STANLEY Reduced -5,586,809-5.6m
CITIGROUP INC Reduced -578,444-578.4k
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP Reduced -568,092-568.1k
Junto Capital Management LP Sold out -226,976-227.0k
Fisher Asset Management, LLC Reduced -210,889-210.9k
LAZARD ASSET MANAGEMENT LLC Reduced -174,730-174.7k
WINDACRE PARTNERSHIP LLC Reduced -146,800-146.8k
Optiver Holding B.V. Sold out -118,396-118.4k
BARCLAYS PLC Sold out -89,600-89.6k
CITADEL ADVISORS LLC Reduced -74,295-74.3k

Biggest calls

Optiver Holding B.V. Added $29.9m148.0k shares
CITADEL ADVISORS LLC Reduced $22.7m112.4k shares
Jefferies Financial Group Inc. Reduced $20.2m100.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $7.3m36.0k shares
SIMPLEX TRADING, LLC Reduced $6.8m33.8k shares
Walleye Trading LLC Added $6.6m32.9k shares
IMC-Chicago, LLC New $2.6m13.0k shares
GTS SECURITIES LLC Added $2.4m11.8k shares
Walleye Capital LLC Reduced $2.2m10.9k shares
MILLENNIUM MANAGEMENT LLC New $1.3m6.6k shares

Biggest puts

Optiver Holding B.V. Added $72.1m357.6k shares
Jefferies Financial Group Inc. Reduced $28.2m140.0k shares
CITADEL ADVISORS LLC Reduced $20.9m103.8k shares
Twin Tree Management, LP New $20.3m100.6k shares
Walleye Trading LLC Reduced $13.0m64.4k shares
SIMPLEX TRADING, LLC Reduced $11.8m58.6k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $11.1m55.2k shares
MILLENNIUM MANAGEMENT LLC Added $6.9m34.3k shares
WOLVERINE TRADING, LLC Added $4.7m23.5k shares
Walleye Capital LLC Reduced $4.6m22.9k 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 Q2 2024

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 Q2 2024.

Holders, Q2 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Capital International Investors 0.43% of their portfolio Los Angeles, CA 10,458,53110.5m $2.1bn $2.1bn 0.43% Added +507.7k +507,734
2 FMR LLC 0.11% of their portfolio BOSTON, MA 8,379,8118.4m $1.7bn $1.7bn 0.11% Added +2.0m +2,047,177
3 Harding Loevner LP 5.74% of their portfolio Bridgewater, NJ 5,158,3825.2m $1.0bn $1.0bn 5.74% Added +1.3m +1,298,709
4 Fisher Asset Management, LLC 0.42% of their portfolio PLANO, TX 4,830,4894.8m $974.4m $974.4m 0.42% Reduced -210.9k -210,889
5 EAGLE CAPITAL MANAGEMENT LLC 3.47% of their portfolio New York, NY 4,642,7484.6m $936.5m $936.5m 3.47% Added +364.0k +363,978
6 MORGAN STANLEY 0.05% of their portfolio NEW YORK, NY 2,951,8363.0m $595.4m $595.4m 0.05% Reduced -5.6m -5,586,809
7 BANK OF AMERICA CORP /DE/ 0.05% of their portfolio CHARLOTTE, NC 2,352,4942.4m $474.5m $474.5m 0.05% Added +747.7k +747,739
8 Clearbridge Investments, LLC 0.31% of their portfolio NEW YORK, NY 1,909,5431.9m $385.2m $385.2m 0.31% Reduced -8.5k -8,489
9 WINDACRE PARTNERSHIP LLC 4.56% of their portfolio HOUSTON, TX 1,717,2001.7m $346.4m $346.4m 4.56% Reduced -146.8k -146,800
10 GOLDMAN SACHS GROUP INC 0.06% of their portfolio NEW YORK, NY 1,627,4831.6m $328.3m $328.3m 0.06% Added +158.5k +158,464
11 AMERIPRISE FINANCIAL INC 0.08% of their portfolio MINNEAPOLIS, MN 1,374,0771.4m $277.5m $277.5m 0.08% Added +56.5k +56,498
12 MACQUARIE GROUP LTD 0.29% of their portfolio Sydney, NSW 2000, C3 1,272,7531.3m $256.7m $256.7m 0.29% Added +1.3m +1,272,617
13 POLEN CAPITAL MANAGEMENT LLC 0.63% of their portfolio Boca Raton, FL 1,254,5291.3m $253.1m $253.1m 0.63% Reduced -20.2k -20,197
14 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 1,081,6041.1m $218.2m $218.2m 0.01% Added +3.0k +3,026
15 BlackRock Inc. 0.00% of their portfolio New York, NY 1,043,8311.0m $210.6m $210.6m 0.00% Added +353 +353
16 WELLS FARGO & COMPANY/MN 0.05% of their portfolio SAN FRANCISCO, CA 987,765987.8k $199.2m $199.2m 0.05% Reduced -57.1k -57,055
17 ENVESTNET ASSET MANAGEMENT INC 0.07% of their portfolio Berwyn, PA 985,251985.3k $198.7m $198.7m 0.07% Reduced -50.8k -50,773
18 NORTHERN TRUST CORP 0.03% of their portfolio CHICAGO, IL 832,672832.7k $168.0m $168.0m 0.03% Reduced -4.3k -4,346
19 ROYAL BANK OF CANADA 0.04% of their portfolio TORONTO, A6 745,281745.3k $150.3m $150.3m 0.04% Reduced -45.8k -45,848
20 GROUPAMA ASSET MANAGMENT 1.87% of their portfolio PARIS, I0 678,088678.1k $137.4m $137.4m 1.87% Added +35.7k +35,711
21 WESTFIELD CAPITAL MANAGEMENT CO LP 0.67% of their portfolio BOSTON, MA 671,132671.1k $135.4m $135.4m 0.67% Added +368.9k +368,944
22 RAYMOND JAMES & ASSOCIATES 0.08% of their portfolio ST PETERSBURG, FL 631,961632.0k $127.5m $127.5m 0.08% Added +22.4k +22,438
23 PRINCIPAL FINANCIAL GROUP INC 0.07% of their portfolio DES MOINES, IA 606,797606.8k $122.4m $122.4m 0.07% Reduced -14.6k -14,620
24 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.08% of their portfolio BOSTON, MA 448,289448.3k $90.4m $90.4m 0.08% Reduced -568.1k -568,092
25 CRAWFORD INVESTMENT COUNSEL INC 1.68% of their portfolio ATLANTA, GA 436,793436.8k $88.1m $88.1m 1.68% Reduced -1.7k -1,721
26 NEUBERGER BERMAN GROUP LLC 0.06% of their portfolio NEW YORK, NY 392,470392.5k $79.1m $79.1m 0.06% Added +44.6k +44,572
27 MAR VISTA INVESTMENT PARTNERS LLC 3.80% of their portfolio LOS ANGELES, CA 383,093383.1k $77.3m $77.3m 3.80% Reduced -57.9k -57,876
28 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 370,021370.0k $74.6m $74.6m 0.01% Reduced -25.3k -25,339
29 Aviso Financial Inc. 3.98% of their portfolio TORONTO, A6 353,747353.7k $71.4m $71.4m 3.98% First filing
30 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.06% of their portfolio Toronto, A6 294,924294.9k $59.5m $59.5m 0.06% Reduced -4.9k -4,852
31 NATIXIS ADVISORS, LLC 0.13% of their portfolio Boston, MA 294,325294.3k $59.4m $59.4m 0.13% Reduced -32.9k -32,893
32 LAZARD ASSET MANAGEMENT LLC 0.07% of their portfolio NEW YORK, NY 287,640287.6k $58.0m $58.0m 0.07% Reduced -174.7k -174,730
33 KEYSTONE INVESTORS PTE LTD 4.85% of their portfolio SINGAPORE, U0 285,572285.6k $57.6m $57.6m 4.85% Added +279.9k +279,852
34 FIRST TRUST ADVISORS LP 0.06% of their portfolio Wheaton, IL 284,075284.1k $57.3m $57.3m 0.06% Reduced -946 -946
35 BRANDES INVESTMENT PARTNERS, LP 0.62% of their portfolio LA JOLLA, CA 249,857249.9k $50.3m $50.3m 0.62% Reduced -24.5k -24,509
36 Night Owl Capital Management, LLC 6.47% of their portfolio GREENWICH, CT 214,537214.5k $43.3m $43.3m 6.47% Reduced -2.4k -2,362
37 CAUSEWAY CAPITAL MANAGEMENT LLC 1.14% of their portfolio LOS ANGELES, CA 207,727207.7k $41.9m $41.9m 1.14% Added +6.2k +6,170
38 NewEdge Advisors, LLC 0.29% of their portfolio NEW ORLEANS, LA 197,976198.0k $39.9m $39.9m 0.29% Added +15.6k +15,604
39 BECKER CAPITAL MANAGEMENT INC 1.32% of their portfolio Portland, OR 190,403190.4k $38.4m $38.4m 1.32% Reduced -12.7k -12,674
40 STIFEL FINANCIAL CORP 0.04% of their portfolio ST. LOUIS, MO 187,452187.5k $37.8m $37.8m 0.04% Reduced -8.3k -8,288
41 SEI INVESTMENTS CO 0.05% of their portfolio OAKS, PA 168,264168.3k $33.9m $33.9m 0.05% Added +6.8k +6,785
42 CITIGROUP INC 0.03% of their portfolio NEW YORK, NY 166,492166.5k $33.6m $33.6m 0.03% Reduced -578.4k -578,444
43 ADAGE CAPITAL PARTNERS GP, L.L.C. 0.06% of their portfolio Boston, MA 166,287166.3k $33.5m $33.5m 0.06% Added +111.3k +111,287
44 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 165,383165.4k $33.6m $33.6m 0.01% Reduced -10.7k -10,670
45 Kodai Capital Management LP 0.56% of their portfolio CHICAGO, IL 146,218146.2k $29.5m $29.5m 0.56% Added +81.1k +81,094
46 US BANCORP \DE\ 0.04% of their portfolio MINNEAPOLIS, MN 139,648139.6k $28.2m $28.2m 0.04% Reduced -11.7k -11,710
47 MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 134,627134.6k $27.2m $27.2m 0.02% Added +52.4k +52,379
48 JARISLOWSKY, FRASER Ltd 0.16% of their portfolio MONTREAL, A8 131,643131.6k $26.6m $26.6m 0.16% Reduced -15.7k -15,693
49 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio Boston, MA 129,213129.2k $26.1m $26.1m 0.01% Added +773 +773
50 Point72 Asset Management, L.P. 0.08% of their portfolio STAMFORD, CT 123,822123.8k $25.0m $25.0m 0.08% New
51 Foresight Global Investors, Inc. 11.58% of their portfolio PURCHASE, NY 119,406119.4k $24.1m $24.1m 11.58% Added +6.1k +6,078
52 Russell Investments Group, Ltd. 0.04% of their portfolio Seattle, WA 119,118119.1k $24.0m $24.0m 0.04% Reduced -24.8k -24,769
53 Cresset Asset Management, LLC 0.10% of their portfolio Chicago, IL 119,103119.1k $24.0m $24.0m 0.10% Added +9.7k +9,670
54 Promethos Capital, LLC 8.72% of their portfolio BOSTON, MA 114,649114.6k $23.0m $23.0m 8.72% Added +14.7k +14,668
55 COERENTE CAPITAL MANAGEMENT 4.46% of their portfolio TORONTO, A6 113,398113.4k $22.9m $22.9m 4.46% Added +2.8k +2,786
56 MARSICO CAPITAL MANAGEMENT LLC 0.67% of their portfolio DENVER, CO 111,455111.5k $22.5m $22.5m 0.67% Added +30.7k +30,677
57 Cardinal Capital Management, Inc. 0.83% of their portfolio WINNIPEG, A2 107,285107.3k $21.6m $21.6m 0.83% Reduced -43.1k -43,130
58 MARSHALL WACE, LLP 0.03% of their portfolio LONDON, X0 106,487106.5k $21.5m $21.5m 0.03% New
59 CIDEL ASSET MANAGEMENT INC 1.66% of their portfolio TORONTO, A6 106,161106.2k $21.4m $21.4m 1.66% Added +1.2k +1,168
60 HANTZ FINANCIAL SERVICES, INC. 0.39% of their portfolio SOUTHFIELD, MI 101,790101.8k $20.5m $20.5m 0.39% Reduced -7.5k -7,472
61 CAMBIAR INVESTORS LLC 0.80% of their portfolio Denver, CO 100,866100.9k $20.3m $20.3m 0.80% Reduced -7.3k -7,317
62 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 100,637100.6k $20.3m $20.3m 0.01% Added +783 +783
63 Davis Selected Advisers 0.12% of their portfolio Tucson, AZ 98,80798.8k $19.9m $19.9m 0.12% Reduced -18.2k -18,245
64 Sustainable Growth Advisers, LP 0.08% of their portfolio STAMFORD, CT 95,10595.1k $19.2m $19.2m 0.08% Reduced -21.5k -21,466
65 Pathstone Holdings, LLC 0.08% of their portfolio ENGLEWOOD, NJ 92,99893.0k $18.8m $18.8m 0.08% Reduced -2.1k -2,115
66 PNC Financial Services Group, Inc. 0.01% of their portfolio Pittsburgh, PA 88,70488.7k $17.9m $17.9m 0.01% Added +1.3k +1,313
67 OPPENHEIMER ASSET MANAGEMENT INC. 0.23% of their portfolio NEW YORK, NY 88,52288.5k $17.9m $17.9m 0.23% Added +4.8k +4,765
68 KORNITZER CAPITAL MANAGEMENT INC /KS 0.33% of their portfolio SHAWNEE MISSION, KS 87,39187.4k $17.6m $17.6m 0.33% Unchanged
69 QRG CAPITAL MANAGEMENT, INC. 0.21% of their portfolio BERWYN, PA 85,85985.9k $17.3m $17.3m 0.21% Added +513 +513
70 NATIONAL BANK OF CANADA /FI/ 0.03% of their portfolio MONTREAL, A8 84,96485.0k $16.9m $16.9m 0.03% Added +147 +147
71 Creative Planning 0.02% of their portfolio OVERLAND PARK, KS 81,28881.3k $16.4m $16.4m 0.02% Added +4.3k +4,264
72 Boston Common Asset Management, LLC 0.42% of their portfolio BOSTON, MA 80,58980.6k $16.3m $16.3m 0.42% Reduced -17.2k -17,174
73 Dash Acquisitions Inc. 4.26% of their portfolio WOODLAND HILLS, CA 77,92577.9k $15.6m $15.6m 4.26% Added +6.5k +6,487
74 GQG Partners LLC 0.02% of their portfolio FT. LAUDERDALE, FL 76,69176.7k $15.5m $15.5m 0.02% Added +88 +88
75 AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio KANSAS CITY, MO 76,07776.1k $15.3m $15.3m 0.01% Added +4.0k +4,037
76 NorthCrest Asset Manangement, LLC 0.51% of their portfolio PLYMOUTH, MN 75,54675.5k $15.2m $15.2m 0.51% Added +1.2k +1,173
77 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.16% of their portfolio Stamford, CT 75,17375.2k $15.2m $15.2m 0.16% Added +8.2k +8,250
78 TRUIST FINANCIAL CORP 0.02% of their portfolio CHARLOTTE, NC 74,22974.2k $15.0m $15.0m 0.02% Reduced -1.9k -1,850
79 Capital International, Inc./CA/ 0.20% of their portfolio Los Angeles, CA 73,11173.1k $14.7m $14.7m 0.20% Added +5.8k +5,764
80 Ethic Inc. 0.34% of their portfolio NEW YORK, NY 71,93671.9k $14.5m $14.5m 0.34% Added +1.4k +1,408
81 Woodline Partners LP 0.13% of their portfolio San Francisco, CA 67,91667.9k $13.7m $13.7m 0.13% Added +50.7k +50,709
82 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 66,07766.1k $13.3m $13.3m 0.00% Added +1.0k +1,023
83 UBS Group AG 0.00% of their portfolio ZURICH, V8 65,63765.6k $13.2m $13.2m 0.00% Reduced -961 -961
84 MERCER GLOBAL ADVISORS INC /ADV 0.03% of their portfolio DENVER, CO 63,55763.6k $12.8m $12.8m 0.03% Added +2.1k +2,150
85 TOWNSQUARE CAPITAL LLC 0.17% of their portfolio Lehi, UT 62,27562.3k $12.6m $12.6m 0.17% Added +3.3k +3,299
86 Janney Montgomery Scott LLC 0.04% of their portfolio PHILADELPHIA, PA 62,01262.0k $12.5m $12.5m 0.04% Reduced -3.6k -3,577
87 Crossmark Global Holdings, Inc. 0.24% of their portfolio HOUSTON, TX 62,01162.0k $12.5m $12.5m 0.24% Reduced -2.2k -2,165
88 SCOTIA CAPITAL INC. 0.07% of their portfolio TORONTO, A6 59,56159.6k $12.0m $12.0m 0.07% Added +505 +505
89 DIVIDEND ASSETS CAPITAL, LLC 2.43% of their portfolio Ridgeland, SC 59,08559.1k $11.9m $11.9m 2.43% Reduced -2.5k -2,491
90 FEDERATED HERMES, INC. 0.03% of their portfolio PITTSBURGH, PA 56,83156.8k $11.5m $11.5m 0.03% Reduced -20.9k -20,868
91 ASSETMARK, INC 0.04% of their portfolio CONCORD, CA 56,81556.8k $11.5m $11.5m 0.04% Added +478 +478
92 CHARTWELL INVESTMENT PARTNERS, LLC 0.39% of their portfolio BERYWN, PA 55,58255.6k $11.2m $11.2m 0.39% Added +912 +912
93 Quantinno Capital Management LP 0.20% of their portfolio NEW YORK, NY 53,82053.8k $10.9m $10.9m 0.20% Added +16.0k +16,027
94 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 52,78452.8k $10.6m $10.6m 0.00% Added +11.9k +11,866
95 HighTower Advisors, LLC 0.02% of their portfolio CHICAGO, IL 51,64151.6k $10.4m $10.4m 0.02% Added +12.9k +12,941
96 GUARDIAN CAPITAL ADVISORS LP 1.11% of their portfolio TORONTO, A6 51,61551.6k $10.4m $10.4m 1.11% Added +1.9k +1,901
97 Orion Porfolio Solutions, LLC 0.11% of their portfolio OMAHA, NE 50,71150.7k $10.2m $10.2m 0.11% Reduced -6.9k -6,942
98 Orion Portfolio Solutions, LLC 0.11% of their portfolio Omaha, NE 50,71150.7k $10.2m $10.2m 0.11% Reduced -6.9k -6,942
99 Sanctuary Advisors, LLC 0.07% of their portfolio INDIANAPOLIS, IN 50,27750.3k $9.4m $9.4m 0.07% First filing
100 Honeycomb Asset Management LP 2.76% of their portfolio NEW YORK, NY 50,00050.0k $10.1m $10.1m 2.76% New