SAP SE - Depositary Receipt (Common Stock)
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SecuritySAP / SAP SE - Depositary Receipt (Common Stock)
InstitutionCommerce Bank
Latest Disclosed Ownership3,541 shares
Latest Disclosed Value $ 606,254
Commerce Bank reports 13.06% increase in ownership of SAP / SAP SE - Depositary Receipt (Common Stock)

On May 11, 2026 - Commerce Bank filed a 13F-HR form disclosing ownership of 3,541 shares of SAP SE - Depositary Receipt (Common Stock) (US:SAP) valued at $606,255 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 3,132 shares of SAP SE - Depositary Receipt (Common Stock). This represents a change in shares of 13.06% during the quarter. The current value of the position is $654,271 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)
2026-05-11 2026-03-31 13F SAP SE SPON ADR 803054204 3,541 409 13.06 606 -20.26 0.0012
2026-02-13 2025-12-31 13F SAP SE SPON ADR 803054204 3,132 269 9.40 761 -0.65 0.0042
2025-11-12 2025-09-30 13F SAP SE SPON ADR 803054204 2,863 121 4.41 765 -8.16 0.0043
2025-08-07 2025-06-30 13F SAP SE SPON ADR 803054204 2,742 2 0.07 834 13.33 0.0049
2025-05-08 2025-03-31 13F SAP SE SPON ADR 803054204 2,740 134 5.14 736 14.66 0.0047
2025-02-13 2024-12-31 13F SAP SE SPON ADR 803054204 2,606 -9 -0.34 642 7.01 0.0040
2024-11-08 2024-09-30 13F SAP SE SPON ADR 803054204 2,615 14 0.54 599 14.31 0.0037
2024-08-12 2024-06-30 13F SAP SE SPON ADR 803054204 2,601 77 3.05 525 6.50 0.0034
2024-05-03 2024-03-31 13F SAP SE SPON ADR 803054204 2,524 -2,971 -54.07 492 -42.05 0.0033
2024-02-09 2023-12-31 13F SAP SE SPON ADR 803054204 5,495 436 8.62 849 29.82 0.0060
2023-11-14 2023-09-30 13F SAP SE SPON ADR 803054204 5,059 2,253 80.29 654 70.76 0.0052
2023-08-08 2023-06-30 13F SAP SE SPON ADR 803054204 2,806 -59 -2.06 384 5.80 0.0029
2023-05-04 2023-03-31 13F SAP SE SPON ADR 803054204 2,865 21 0.74 363 23.55 0.0028
2023-02-10 2022-12-31 13F SAP SE SPON ADR 803054204 2,844 67 2.41 293 29.65 0.0024
2022-11-04 2022-09-30 13F SAP SE SPON ADR 803054204 2,777 -106 -3.68 226 -13.74 0.0020
2022-08-12 2022-06-30 13F SAP SE SPON ADR 803054204 2,883 165 6.07 262 -13.25 0.0021
2022-05-09 2022-03-31 13F SAP SE SPON ADR 803054204 2,718 -555 -16.96 302 -34.06 0.0021
2022-02-14 2021-12-31 13F SAP SE SPON ADR 803054204 3,273 85 2.67 458 6.26 0.0030
2021-11-09 2021-09-30 13F SAP SE SPON ADR 803054204 3,188 209 7.02 431 2.86 0.0030
2021-08-09 2021-06-30 13F SAP SE SPON ADR 803054204 2,979 -397 -11.76 419 1.21 0.0030
2021-05-05 2021-03-31 13F SAP SE SPON ADR 803054204 3,376 335 11.02 414 4.28 0.0031
2021-02-09 2020-12-31 13F SAP SE SPON ADR 803054204 3,041 -99 -3.15 397 -18.98 0.0032
2020-11-06 2020-09-30 13F SAP SE SPON ADR 803054204 3,140 -4,393 -58.32 490 -53.51 0.0044
2020-08-07 2020-06-30 13F SAP SE SPON ADR 803054204 7,533 4,145 122.34 1,054 181.07 0.0103
2020-05-08 2020-03-31 13F SAP SE SPON ADR 803054204 3,388 485 16.71 375 -3.60 0.0045
2020-02-14 2019-12-31 13F SAP SE SPON ADR 803054204 2,903 396 15.80 389 31.42 0.0037
2019-11-12 2019-09-30 13F SAP SE SPON ADR 803054204 2,507 -145 -5.47 296 -18.46 0.0030
2019-08-07 2019-06-30 13F SAP SE SPON ADR 803054204 2,652 -210 -7.34 363 10.00 0.0041
2019-05-08 2019-03-31 13F SAP SE SPON ADR 803054204 2,862 0 0.00 330 15.79 0.0039
2019-02-11 2018-12-31 13F SAP SE SPON ADR 803054204 2,862 265 10.20 285 -10.66 0.0036
2018-11-02 2018-09-30 13F SAP SE SPON ADR 803054204 2,597 -8,139 -75.81 319 -74.32 0.0038
2018-08-08 2018-06-30 13F SAP SE SPON ADR 803054204 10,736 1,216 12.77 1,242 24.08 0.0158
2018-05-03 2018-03-31 13F SAP SE SPON ADR 803054204 9,520 7,736 433.63 1,001 400.50 0.0132
2018-02-12 2017-12-31 13F SAP SE SPON ADR 803054204 1,784 1,784 200 0.0026
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.