LongSAPSep 2026
SAP SE
SAP reported 24% constant-currency cloud-revenue growth, 26% growth in current cloud backlog and 27% higher free cash flow. The manager sees its mission-critical enterprise…
SAP
Which hedge funds are long SAP?
7 published ideas on SAP SE across 6 funds — 7 long and 0 short.
Sap Se hedge fund investment theses
Each stock pitch below comes from a fund manager's own investor letter, not a 13F filing, so it carries the reasoning behind the portfolio position on Sap Se: the full investment thesis, the risks the manager flagged, the conviction level and the time horizon. Positions may have changed since the letter was written.
Funds with a position view
Long theses
LongSAPAug 2026
SAP SE
SAP's shares had previously reacted negatively to concerns about the timing of AI commercialisation, but the fund points to a strong cloud backlog as evidence that product demand…
LongSAPJul 2026
SAP SE
Bretton believes fears that AI will broadly displace enterprise software have created an attractive entry point in SAP. SAP's software is deeply embedded in complex…
LongSAPJul 2026
SAP SE
FPA bought SAP during the quarter as part of a portfolio increasingly built around companies that can generate attractive absolute returns without depending on extreme…
LongSAPJun 2026
SAP SE
SAP owns a mission-critical and highly sticky ERP franchise. Eagle expects the core business to grow rapidly as customers migrate to SAP's modern platform. Although peripheral…
LongSAPJun 2026
SAP SE
Pzena bought SAP because the migration of its large legacy on-premise customer base to the cloud should produce significant revenue uplift per customer. The company is deeply…
LongSAPJun 2026
SAP SE
The fund initiated a position in SAP during Q2 as it modestly increased equity exposure. No company-specific valuation or catalyst is provided in the commentary, so the…