SAP SE - 예탁증서(보통주)
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SecuritySAP / SAP SE - Depositary Receipt (Common Stock)
InstitutionDorsey Wright & Associates
Latest Disclosed Ownership0 shares
Latest Disclosed Value $ 0
Dorsey Wright & Associates closes position in SAP / SAP SE - Depositary Receipt (Common Stock)

On February 20, 2026 - Dorsey Wright & Associates filed a 13F-HR form disclosing ownership of 0 shares of SAP SE - Depositary Receipt (Common Stock) (US:SAP) valued at $0 USD as of December 31, 2025. The entity filed a previous 13F-HR on November 18, 2025 disclosing 6,658 shares of SAP SE - Depositary Receipt (Common Stock). The current value of the position is $0 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-02-20 2025-12-31 13F SAP SE SPON ADR COM 803054204 0 -100.00 0
2025-11-18 2025-09-30 13F SAP SE SPON ADR COM 803054204 6,658 -742 -10.03 1,779 -20.93 0.3978
2025-08-11 2025-06-30 13F SAP SE SPON ADR COM 803054204 7,400 -4,676 -38.72 2,250 -30.60 0.5350
2025-05-06 2025-03-31 13F SAP SE SPON ADR COM 803054204 12,076 -1,420 -10.52 3,242 -2.44 0.8258
2025-02-12 2024-12-31 13F SAP SE SPON ADR COM 803054204 13,496 -3,913 -22.48 3,323 -16.65 0.7930
2024-11-15 2024-09-30 13F SAP SE SPON ADR COM 803054204 17,409 1,937 12.52 3,988 27.79 0.9434
2024-08-15 2024-06-30 13F SAP SE SPON ADR COM 803054204 15,472 -239 -1.52 3,121 1.83 0.8099
2024-05-09 2024-03-31 13F SAP SE SPON ADR COM 803054204 15,711 -760 -4.61 3,064 20.35 0.7992
2024-02-13 2023-12-31 13F SAP SE SPON ADR COM 803054204 16,471 -1,204 -6.81 2,547 11.42 0.7743
2023-11-07 2023-09-30 13F SAP SE SPON ADR COM 803054204 17,675 17,675 2,286 0.7108
2021-01-28 2020-12-31 13F SAP SE SPON ADR COM COM 803054204 0 -21,273 -100.00 0 -100.00
2020-10-28 2020-09-30 13F SAP SE SPON ADR COM COM 803054204 21,273 285 1.36 3,315 12.79 0.5978
2020-07-23 2020-06-30 13F SAP SE-SPONSORED ADR COM 803054204 20,988 -1,749 -7.69 2,939 17.00 0.5997
2020-04-20 2020-03-31 13F SAP SE-SPONSORED ADR COM 803054204 22,737 6,735 42.09 2,512 17.16 0.9525
2020-01-31 2019-12-31 13F SAP SE Sponsored ADR COM 803054204 16,002 -11,178 -41.13 2,144 -33.06 0.7081
2019-10-31 2019-09-30 13F SAP SE-SPONSORED ADR COM 803054204 27,180 -325 -1.18 3,203 -14.86 0.8057
2019-07-02 2019-06-30 13F SAP SE-SPONSORED ADR COM 803054204 27,505 27,505 3,762 0.9126
2018-04-30 2018-03-31 13F SAP SE-SPONSORED ADR COM 803054204 0 -57,113 -100.00 0 -100.00
2018-02-14 2017-12-31 13F SAP SE-SPONSORED ADR COM 803054204 57,113 15,511 37.28 6,418 38.74 1.1598
2017-11-06 2017-09-30 13F SAP SE-SPONSORED ADR COM 803054204 41,602 12,797 44.43 4,626 53.43 1.0662
2017-08-17 2017-06-30 13F/A-1 SAP SE-SPONSORED ADR COM 803054204 28,805 9,828 51.79 3,015 61.84 0.9277
2017-08-10 2017-06-30 13F SAP SE-SPONSORED ADR COM 803054204 28,805 9,828 1,349
2017-05-03 2017-03-31 13F SAP SE-SPONSORED ADR COM 803054204 18,977 5,884 44.94 1,863 64.58 0.6389
2017-02-01 2016-12-31 13F SAP SE-SPONSORED ADR COM 803054204 13,093 7,153 120.42 1,132 108.47 0.4803
2016-10-11 2016-09-30 13F SAP SE SPON ADR COM 803054204 5,940 1,693 39.86 543 70.22 0.2579
2016-07-20 2016-06-30 13F SAP SE SPON ADR COM 803054204 4,247 -239 -5.33 319 -11.63 0.1696
2016-04-08 2016-03-31 13F SAP COM 803054204 4,486 762 20.46 361 22.37 0.1914
2016-01-29 2015-12-31 13F SAP COM 803054204 3,724 2,792 299.57 295 333.82 0.1509
2013-08-01 2013-06-30 13F SAP COM 803054204 932 932 68 0.0111
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.