# SAP (SAP): value investors who own it | moatshark

5 value investors held SAP in their Q3 2026 13F, led by Ruane, Cunniff & Goldfarb (Sequoia), First Pacific Advisors (FPA), Davis Selected Advisers, Polen…

## 13F holders

| Manager | Portfolio | Value | Change | Quarters held |
| --- | --- | --- | --- | --- |
| Ruane, Cunniff & Goldfarb (Sequoia) | 3.0% | $191m | Added +65% | 4 |
| First Pacific Advisors (FPA) | 1.1% | $85.6m | New | 1 |
| Davis Selected Advisers | 0.0% | $9.3m | Trimmed -81% | 53 |
| Polen Capital Management | 0.0% | $4.4m | Trimmed -57% | 36 |
| Harris Associates (Oakmark) | 0.0% | $258k | Added +15% | 2 |

## Fund holders

| Fund | Manager | Weight | Value | As at |
| --- | --- | --- | --- | --- |
| Vulcan Value Partners Fund | Vulcan Value Partners | 6.3% | $14.4m | 2026-07-31 |
| Sequoia Fund | Ruane, Cunniff & Goldfarb (Sequoia) | 4.2% | $151m | 2026-06-30 |
| Davis International Fund | Davis Selected Advisers | 3.7% | $10.1m | 2026-07-31 |
| Polen International Growth Fund | Polen Capital Management | 3.5% | $828k | 2026-07-31 |
| Oakmark International Fund | Harris Associates (Oakmark) | 2.6% | $324m | 2026-06-30 |
| Davis Global Fund | Davis Selected Advisers | 2.3% | $21.3m | 2026-07-31 |
| Oakmark Global Fund | Harris Associates (Oakmark) | 1.8% | $19.1m | 2026-06-30 |
| Oakmark Global Select Fund | Harris Associates (Oakmark) | 1.4% | $11.5m | 2026-06-30 |
| FPA Crescent Fund | First Pacific Advisors (FPA) | 0.2% | $21.1m | 2026-06-30 |

Source: SEC filings, via moatshark (https://www.moatshark.com/s/sap). Values traded and returns are estimates. Not investment advice. Built 2026-10-21.