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Disclosery

SAP SAP SE

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ADR (ADR), issuer CIK 1000184

910 managers (932 13F filers) reported a position in SAP shares at 2025-12-31, 70,321,005 shares in all. 97 filers opened a position and 125 filers sold out during the quarter.

Managers
910
13F filers
932
New
97
Added
317
Reduced
334
Sold out
125
Shares held by filers
70,321,005

Shares held by filers adds up every 13F filer's report, so a share reported by a parent and by its subsidiary counts twice (H9). Managers counts each filer group once.

13D and 13G filers

No 13D or 13G on this security in the data. Structured 13D/G data starts 2024-12-18.

Insider trades

No Form 4 transaction on this security in the data.

13F holders, Q4 2025

Filers in the available 13F reports with a share position at 2025-12-31, filer groups collapsed to one row (method), largest first. Options and principal amounts are left out. A group row states no % of portfolio, since each member reports its own portfolio: the members' percents are listed under it. A value about 1,000 times or 1/1,000 of the price other filers imply is shown as filed but neither ranks the row nor enters a sum.

HolderSharesValue% of portfolioChangeSource
Fisher Asset Management, LLC14,728,881$3.58B1.22%+179,55013F-HRTimeline
FMR LLCin group FMR LLC6,790,713$1.65B0.08%-135,92613F-HRTimelineGroup
EAGLE CAPITAL MANAGEMENT LLC4,143,430$1.01B3.13%+1,130,87813F-HRTimeline
MORGAN STANLEYin group MORGAN STANLEY3,681,438$894M0.05%-849,74613F-HR/ATimelineGroup
Capital International Investorsgroup of 2 filers holding3,645,480$888M-426,587Timeline
WINDACRE PARTNERSHIP LLC2,451,125$595M6.39%+93,90013F-HRTimeline
D. E. Shaw & Co., Inc.in group D. E. Shaw & Co., Inc.2,301,078$559M0.42%+1,380,04713F-HRTimelineGroup
BANK OF AMERICA CORP /DE/in group BANK OF AMERICA CORP /DE/1,742,120$423M0.03%-306,47013F-HRTimelineGroup
GOLDMAN SACHS GROUP INCin group GOLDMAN SACHS GROUP INC1,506,072$366M0.05%-13,21713F-HR/ATimelineGroup
NORTHERN TRUST CORPin group NORTHERN TRUST CORP1,501,558$365M0.05%-59,43613F-HRTimelineGroup
AMERIPRISE FINANCIAL INCin group AMERIPRISE FINANCIAL INC1,242,468$301M0.07%+122,06013F-HRTimelineGroup
BlackRock, Inc.in group BlackRock, Inc.1,222,615$297M0.01%-67,66313F-HRTimelineGroup
JPMORGAN CHASE & COin group JPMORGAN CHASE & CO1,200,024$291M0.02%+83,34913F-HRTimelineGroup
WCM INVESTMENT MANAGEMENT, LLC1,119,733$274M0.56%-101,85513F-HRTimeline
ENVESTNET ASSET MANAGEMENT INCgroup of 2 filers holding743,062$180M-215,614Timeline
ROYAL BANK OF CANADAin group ROYAL BANK OF CANADA716,684$174M0.03%+7,90913F-HRTimelineGroup
WELLS FARGO & COMPANY/MNin group WELLS FARGO & COMPANY/MN716,226$174M0.03%-12,27813F-HRTimelineGroup
Sustainable Growth Advisers, LP686,851$167M1.16%-155,56513F-HRTimeline
Franklin Resourcesgroup of 2 filers holding587,299$143M-7,325Timeline
BNP PARIBAS FINANCIAL MARKETSin group BNP PARIBAS FINANCIAL MARKETS501,933$122M0.08%+66,68013F-HRTimelineGroup
MILLENNIUM MANAGEMENT LLCin group MILLENNIUM MANAGEMENT LLC397,324$96.5M0.07%+394,36413F-HRTimelineGroup
SANDS CAPITAL MANAGEMENT, LLC394,117$95.7M0.29%-46,15313F-HRTimeline
TD Asset Management Inc390,016$94.7M0.08%-114,66213F-HRTimeline
Harding Loevner LP386,893$94M0.83%-1,913,44413F-HRTimeline
Natixis Investment Managersgroup of 2 filers holding383,964$93.3M-35,309Timeline
PRINCIPAL FINANCIAL GROUP INCgroup of 2 filers holding382,435$92.9M-10,064Timeline
MANUFACTURERS LIFE INSURANCE COMPANY, T…in group MANUFACTURERS LIFE INSURANCE …370,155$89.9M0.07%-102,68313F-HRTimelineGroup
CRAWFORD INVESTMENT COUNSEL INC366,882$89.1M1.48%+4,01613F-HRTimeline
RAYMOND JAMES FINANCIAL INCin group RAYMOND JAMES FINANCIAL INC356,710$86.7M0.03%-27,97913F-HRTimelineGroup
Quadrature Capital Ltdin group Quadrature Capital Ltd344,191$83.6M0.85%+238,09513F-HRTimelineGroup
NORGES BANK336,683$81.8M0.01%new13F-HRTimeline
UBS Group AGgroup of 2 filers holding331,922$80.6M+84,206Timeline
NOMURA ASSET MANAGEMENT CO LTDgroup of 3 filers holding306,523$74.5M+294,981Timeline
Aviso Financial Inc.286,866$69.7M2.65%+3,30613F-HRTimeline
WELLINGTON MANAGEMENT GROUP LLPin group WELLINGTON MANAGEMENT GROUP L…286,210$69.5M0.01%-177,96413F-HRTimelineGroup
CAUSEWAY CAPITAL MANAGEMENT LLC250,748$60.9M0.84%+57,00013F-HRTimeline
Night Owl Capital Management, LLC247,552$60.1M6.59%+2,49413F-HRTimeline
FIRST TRUST ADVISORS LPin group FIRST TRUST ADVISORS LP244,854$59.5M0.04%+18,72313F-HRTimelineGroup
Bank of New York Mellon Corpin group Bank of New York Mellon Corp243,589$59.2M0.01%-2,06413F-HRTimelineGroup
SEI INVESTMENTS COin group SEI INVESTMENTS CO235,259$57.1M0.06%-3,21513F-HRTimelineGroup
POLEN CAPITAL MANAGEMENT LLC233,332$56.7M0.24%-111,62013F-HRTimeline
NEUBERGER BERMAN GROUP LLCin group NEUBERGER BERMAN GROUP LLC232,384$56.4M0.04%-32,19913F-HRTimelineGroup
BRANDES INVESTMENT PARTNERS, LPin group BRANDES INVESTMENT PARTNERS, …229,454$55.7M0.42%+94,69713F-HRTimelineGroup
MASSACHUSETTS FINANCIAL SERVICES CO /MA/in group MASSACHUSETTS FINANCIAL SERVI…209,722$50.9M0.02%-2,50113F-HRTimelineGroup
NewEdge Advisors, LLC193,458$47M0.17%+4,52513F-HRTimeline
AMF Tjanstepension AB190,311$46.2M0.29%013F-HRTimeline
1832 Asset Management L.P.181,133$44M0.06%+127,56713F-HRTimeline
BECKER CAPITAL MANAGEMENT INC172,045$41.8M1.2%+4,50813F-HRTimeline
UNIO CAPITAL LLC160,817$39.1M7.35%+87,27213F-HRTimeline
STIFEL FINANCIAL CORPin group STIFEL FINANCIAL CORP154,728$37.6M0.03%+14,52713F-HRTimelineGroup
Petrus Trust Company, LTA152,542$37.1M3.75%+15,60013F-HRTimeline
JENNISON ASSOCIATES LLC152,356$37M0.02%-1,94413F-HRTimeline
DEUTSCHE BANK AG\in group DEUTSCHE BANK AG\149,474$36.3M0.01%+142,62013F-HRTimelineGroup
MARSHALL WACE, LLPin group MARSHALL WACE, LLP142,467$34.6M0.03%+140,93413F-HRTimelineGroup
Connor, Clark & Lunn Investment Managem…141,710$34.4M0.09%+87,74913F-HRTimeline
CHARLES SCHWAB INVESTMENT MANAGEMENT INCin group Charles Schwab Trust Co140,956$34.2M0.01%+18,05213F-HRTimelineGroup
RIVERBRIDGE PARTNERS LLC134,491$32.7M0.61%+133,59113F-HRTimeline
Quantinno Capital Management LP131,528$31.9M0.06%+20,86913F-HRTimeline
BANK OF MONTREAL /CAN/in group BANK OF MONTREAL /CAN/131,339$31.9M0.01%-48,58313F-HRTimelineGroup
CIBC Private Wealth Group LLCin group CIBC Bancorp USA Inc.129,380$31.4M0.05%+6,40313F-HRTimelineGroup
CIDEL ASSET MANAGEMENT INC127,902$31.1M2.2%-11,37113F-HRTimeline
Creative Planningin group Creative Planning127,301$30.9M0.02%-80413F-HRTimelineGroup
LPL Financial LLC126,907$30.8M0.01%-1,38813F-HRTimeline
Balyasny Asset Management L.P.in group Balyasny Asset Management126,722$30.8M0.06%new13F-HRTimelineGroup
Cerity Partners LLCin group Cerity Partners LLC124,399$30.2M0.04%-4,48213F-HRTimelineGroup
AMERICAN CENTURY COMPANIES INCin group AMERICAN CENTURY COMPANIES INC120,363$29.2M0.01%+3,27313F-HRTimelineGroup
CITADEL ADVISORS LLCin group CITADEL ADVISORS LLC119,430$29M0.02%+77,57213F-HRTimelineGroup
MARSICO CAPITAL MANAGEMENT LLC118,834$28.9M0.8%013F-HRTimeline
COERENTE CAPITAL MANAGEMENT116,055$28.2M5.14%+3,58913F-HRTimeline
Cardinal Capital Management, Inc.83,841$27.9M0.63%+4,01313F-HRTimeline
US BANCORP \DE\in group US BANCORP \DE\108,505$26.4M0.03%-27,65613F-HRTimelineGroup
Obermeyer Wealth Partners106,333$25.8M1.18%-1,12213F-HRTimeline
VOLORIDGE INVESTMENT MANAGEMENT, LLC103,255$25.1M0.09%-57,52913F-HRTimeline
O'SHAUGHNESSY ASSET MANAGEMENT, LLC101,875$24.7M0.14%-12,88813F-HRTimeline
Fayez Sarofim & Coin group Fayez Sarofim & Co101,787$24.7M0.06%+52,11313F-HRTimelineGroup
Promethos Capital, LLC101,512$24.7M6.72%-31,45513F-HRTimeline
Pathstone Holdings, LLCin group Pathstone Holdings, LLC97,090$23.6M0.09%+6,97213F-HRTimelineGroup
PNC Financial Services Group, Inc.in group PNC Financial Services Group,…93,931$22.8M0.01%+9,20513F-HRTimelineGroup
MAR VISTA INVESTMENT PARTNERS LLC90,830$22.1M2.03%-50,32213F-HRTimeline
Allspring Global Investments Holdings, …in group Allspring Global Investments …90,705$21.5M0.03%-9,76713F-HRTimelineGroup
Russell Investments Group, Ltd.in group Russell Investments Group, Lt…87,874$21.3M0.02%-9,31313F-HRTimelineGroup
JANE STREET GROUP, LLCin group JANE STREET GROUP, LLC85,098$20.7M0.02%+2,29213F-HRTimelineGroup
Crossmark Global Holdings, Inc.84,769$20.6M0.3%-9,35213F-HRTimeline
HighTower Advisors, LLC82,316$20M0.02%-1,10013F-HRTimeline
NorthCrest Asset Manangement, LLC82,733$19.9M0.44%+1,45113F-HRTimeline
TWO SIGMA INVESTMENTS, LPin group TWO SIGMA INVESTMENTS, LP80,410$19.5M0.03%new13F-HRTimelineGroup
Grantham, Mayo, Van Otterloo & Co. LLC76,449$18.6M0.05%+33,90113F-HRTimeline
KORNITZER CAPITAL MANAGEMENT INC /KS75,000$18.2M0.38%013F-HRTimeline
DIMENSIONAL FUND ADVISORS LPin group DIMENSIONAL FUND ADVISORS LP72,692$17.7M<0.01%-4,53913F-HRTimelineGroup
SCOTIA CAPITAL INC.71,179$17.3M0.07%-21,87313F-HRTimeline
CIBC WORLD MARKET INC.69,350$16.8M0.03%+33,88813F-HRTimeline
Jain Global LLC67,859$16.5M0.16%new13F-HRTimeline
Cetera Investment Advisers67,522$16.4M0.02%+7,81713F-HRTimeline
Qube Research & Technologies Ltd67,035$16.3M0.02%-215,15913F-HRTimeline
LORD, ABBETT & CO. LLC66,425$16.1M0.05%+11213F-HRTimeline
Dash Acquisitions Inc.78,880$15.8M3.28%+6,31513F-HRTimeline
ASSETMARK, INCin group ASSETMARK, INC63,618$15.5M0.03%+73413F-HRTimelineGroup
Ethic Inc.60,491$14.7M0.23%+47113F-HRTimeline
MML INVESTORS SERVICES, LLC59,292$14.4M0.04%+2,02013F-HRTimeline
QRG CAPITAL MANAGEMENT, INC.58,941$14.3M0.16%+1,36813F-HRTimeline
Davis Selected Advisers56,347$13.7M0.06%+9,56013F-HRTimeline
HANTZ FINANCIAL SERVICES, INC.55,403$13.5M0.2%+10,27013F-HRTimelineThe filing omitted confidential holdings, a later amendment may add them.
MERCER GLOBAL ADVISORS INC /ADV54,134$13.1M0.02%+1,08213F-HRTimeline
CAMBIAR INVESTORS LLC51,797$12.6M0.56%+13,53013F-HRTimeline
Vanguard Personalized Indexing Manageme…in group VANGUARD GROUP INC51,677$12.6M0.12%-5,29513F-HRTimelineGroup
Henry James International Management In…50,643$12.3M3.88%-1,79113F-HRTimeline
Mariner, LLCin group Mariner, LLC50,350$12.2M0.01%-89,48613F-HRTimelineGroup
OPPENHEIMER ASSET MANAGEMENT INC.group of 2 filers holding49,834$12.1M-5,908Timeline
CAPTRUST FINANCIAL ADVISORS46,914$11.4M0.02%-70,63113F-HRTimeline
Ruane, Cunniff & Goldfarb L.P.45,927$11.2M0.17%-7313F-HRTimeline
GLENMEDE TRUST CO NAin group GLENMEDE TRUST CO NA45,274$11M0.05%13F-HRTimelineGroup
Boston Common Asset Management, LLC45,081$11M0.66%-4,01713F-HR/ATimeline
TRUIST FINANCIAL CORPin group TRUIST FINANCIAL CORP45,012$10.9M0.01%-5,97713F-HRTimelineGroup
Alight Capital Management LP45,000$10.9M2.93%new13F-HRTimeline
Walleye Capital LLCgroup of 2 filers holding44,819$10.9M+27,768Timeline
Focus Partners Wealthgroup of 2 filers holding44,588$10.8M+9,918Timeline
CITIGROUP INCin group CITIGROUP INC44,463$10.8M0.01%-555,06813F-HRTimelineGroup
ODDO BHF ASSET MANAGEMENT SAS43,326$10.5M0.39%013F-HRTimelineThe filing omitted confidential holdings, a later amendment may add them.
Vestmark Advisory Solutions, Inc.43,123$10.5M0.14%+21,45113F-HRTimeline
AQR CAPITAL MANAGEMENT LLCin group AQR CAPITAL MANAGEMENT LLC43,070$10.5M0.01%+6,91113F-HRTimelineGroup
Meridiem Capital Partners LP42,728$10.4M0.65%new13F-HRTimeline
Value Partners Investments Inc.42,042$10.2M0.78%+1,03113F-HRTimeline
RWA WEALTH PARTNERS, LLC41,918$10.2M0.11%+3,66613F-HRTimeline
Callan Family Office, LLCin group Callan Family Office, LLC41,635$10.1M0.22%+20,26213F-HRTimelineGroup
Invesco Ltd.in group Invesco Ltd.41,461$10.1M<0.01%+3,08013F-HRTimelineGroup
M&T Bank Corpin group M&T Bank Corp41,364$10M0.03%-7,20613F-HR/ATimelineGroup
Federation des caisses Desjardins du Qu…40,902$9.94M0.04%+12,49613F-HRTimeline
SUSQUEHANNA INTERNATIONAL GROUP, LLPin group SUSQUEHANNA INTERNATIONAL GRO…40,864$9.93M0.01%-6,19513F-HRTimelineGroup
Guardian Partners Inc.in group GUARDIAN CAPITAL LP49,610$9.87M0.79%+2,90013F-HRTimelineGroup
Foresight Global Investors, Inc.38,813$9.43M4.44%+87513F-HR/ATimeline
Corient Private Wealth LPgroup of 2 filers holding37,923$9.23M-7,714Timeline
One Capital Management, LLC37,422$9.09M0.27%+1,97213F-HRTimeline
SILVERCREST ASSET MANAGEMENT GROUP LLC37,029$8.99M0.06%-1,56613F-HRTimeline
Brooklyn Investment Group36,099$8.88M0.41%+25,51913F-HRTimeline
Laird Norton Wetherby Trust Company, LLCin group Laird Norton Wetherby Trust C…36,551$8.88M0.18%new13F-HRTimelineGroup
&PARTNERS34,690$8.4M0.04%+3,57413F-HRTimeline
FULTON BREAKEFIELD BROENNIMAN LLC34,391$8.35M0.53%-1,08713F-HRTimeline
Campbell & CO Investment Adviser LLC34,156$8.3M0.4%+29,07013F-HRTimeline
Bluegrass Capital Partners LP34,000$8.26M4.93%new13F-HRTimeline
Rock Point Advisors, LLC33,569$8.15M2.04%+13,41313F-HRTimeline
QUADRANT CAPITAL GROUP LLC32,483$7.89M0.24%-5613F-HRTimeline
NATIONAL BANK OF CANADA /FI/in group NATIONAL BANK OF CANADA /FI/31,846$7.73M0.01%-89913F-HRTimelineGroup
GF FUND MANAGEMENT CO. LTD.31,549$7.66M0.13%-94,70513F-HRTimeline
Orion Porfolio Solutions, LLC31,125$7.56M0.06%-3,92813F-HRTimeline
NAPLES GLOBAL ADVISORS, LLC30,956$7.52M0.56%-31213F-HRTimeline
CIBC Asset Management Inc31,404$7.49M0.02%-5,66813F-HRTimeline
LOOMIS SAYLES & CO L Pin group LOOMIS SAYLES & CO L P30,421$7.39M0.01%-1,08513F-HRTimelineGroup
Cohen Klingenstein LLC30,179$7.33M0.22%013F-HRTimeline
Optiver Holding B.V.in group Optiver Holding B.V.30,170$7.33M0.13%-49,68113F-HRTimelineGroup
Twin Tree Management, LP29,894$7.26M0.74%+5,06113F-HRTimeline
Voleon Capital Management LP29,850$7.25M0.16%+14,39913F-HRTimeline
Sanctuary Advisors, LLC29,303$7.12M0.04%-2,47913F-HRTimeline
LOWE BROCKENBROUGH & CO INC28,571$6.94M0.34%new13F-HRTimeline
WEALTH ENHANCEMENT ADVISORY SERVICES, L…29,317$6.77M0.01%+1,04813F-HRTimeline
PARK AVENUE SECURITIES LLCin group PARK AVENUE SECURITIES LLC27,731$6.74M0.06%+12813F-HRTimelineGroup
RITHOLTZ WEALTH MANAGEMENT27,518$6.68M0.12%-41913F-HRTimeline
MORGUARD LINCLUDEN GLOBAL INVESTMENTS L…27,410$6.66M0.57%-2913F-HRTimeline
Cardinal Capital Management27,230$6.61M0.88%+813F-HRTimeline
Baltimore-Washington Financial Advisors…26,696$6.48M0.27%+3,55113F-HRTimeline
TUDOR INVESTMENT CORP ET AL26,319$6.39M0.04%-21,57913F-HRTimeline
RHUMBLINE ADVISERS26,251$6.38M0.01%+4,04513F-HRTimeline
Capital Wealth Planning, LLC26,013$6.16M0.04%-13,45713F-HRTimeline
EVERGREEN CAPITAL MANAGEMENT LLC25,012$6.08M0.14%+11,90713F-HRTimeline
NIA IMPACT ADVISORS, LLC24,510$5.95M2%-1,19013F-HRTimeline
Lido Advisors, LLCin group Lido Advisors, LLC23,089$5.95M0.02%+30413F-HRTimelineGroup
Elite Wealth Management, Inc.23,874$5.8M1.58%+4513F-HRTimeline
Capital World Investors23,468$5.74M<0.01%+29413F-HRTimeline
FLOW TRADERS U.S. LLC23,280$5.66M0.19%new13F-HRTimeline
Vise Technologies, Inc.23,179$5.63M0.11%+8,65313F-HRTimeline
Bleakley Financial Group, LLC23,011$5.59M0.1%+3,22513F-HRTimeline
Janney Capital Management LLC22,828$5.54M0.35%+22,05813F-HRTimeline
Capital Investment Counsel, Inc22,660$5.5M0.65%-1,25013F-HRTimeline
Cox Capital Mgt LLC22,177$5.48M3.41%+37413F-HRTimeline
Atria Investments, Inc22,538$5.47M0.06%-7,76813F-HRTimeline
Rockefeller Capital Management L.P.in group Rockefeller Capital Managemen…22,171$5.39M0.01%+3,30813F-HR/ATimelineGroup
SATURNA CAPITAL CORP22,121$5.37M0.07%+5,34313F-HRTimeline
MAPLELANE CAPITAL, LLCin group MAPLELANE CAPITAL, LLC22,000$5.34M0.3%new13F-HRTimelineGroup
EAGLE GLOBAL ADVISORS LLC21,675$5.27M0.19%-2,13713F-HRTimeline
Florida Trust Wealth Management Co21,640$5.26M0.15%+2,02813F-HRTimeline
Timber Creek Capital Management LLC21,498$5.22M1.21%-11013F-HRTimeline
Moran Wealth Management, LLC21,473$5.22M0.16%+2,07213F-HRTimeline
Janney Montgomery Scott LLC21,327$5.18M0.01%-6,33513F-HRTimeline
Tidal Investments LLCin group Tidal Investments LLC21,005$5.1M0.02%+2,25913F-HRTimelineGroup
Capital Research Global Investorsin group Capital Research Global Inves…20,756$5.08M<0.01%-2,45713F-HRTimelineGroup
DIVIDEND ASSETS CAPITAL, LLC20,674$5.02M0.96%-1,58313F-HRTimeline
ALLIANCEBERNSTEIN L.P.20,502$4.98M<0.01%-3,84513F-HRTimeline
SIGNATUREFD, LLC20,350$4.94M0.08%-46113F-HRTimeline
Symmetry Investments LPin group Symmetry Investments LP20,000$4.86M0.91%new13F-HRTimelineGroup
Aperture Investors, LLC19,441$4.72M0.66%013F-HRTimeline
Schonfeld Strategic Advisors LLC19,437$4.72M0.02%+13,36913F-HRTimeline
FACTORY MUTUAL INSURANCE CO19,324$4.69M0.05%013F-HRTimeline
SEGALL BRYANT & HAMILL, LLC19,273$4.68M0.06%-16,85613F-HRTimeline
THORNBURG INVESTMENT MANAGEMENT INC19,238$4.67M0.06%+1,89913F-HRTimeline
Hollow Brook Wealth Management LLC19,050$4.63M1.2%-1,59413F-HRTimeline
Acumen Wealth Advisors, LLC18,994$4.61M1.33%13F-HRTimeline
Naviter Wealth, LLC18,975$4.61M0.6%-4,33713F-HRTimeline
Diversify Advisory Services, LLCgroup of 2 filers holding18,986$4.6M-3,257Timeline
NewEdge Wealth, LLC18,877$4.59M0.05%+5813F-HRTimeline
Aquatic Capital Management LLC18,762$4.56M0.13%new13F-HRTimeline
Entropy Technologies, LP18,712$4.55M0.25%-4,12113F-HRTimeline