Snap-on
568 hedge funds and large institutions have $7.49B invested in Snap-on in 2020 Q3 according to their latest regulatory filings, with 65 funds opening new positions, 183 increasing their positions, 217 reducing their positions, and 35 closing their positions.
86% more first-time investments, than exits
New positions opened: 65 | Existing positions closed: 35
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
39% more call options, than puts
Call options by funds: $18.1M | Put options by funds: $13M
5% more funds holding
Funds holding: 540 → 568 (+28)
3% more capital invested
Capital invested by funds: $7.28B → $7.49B (+$219M)
3.24% less ownership
Funds ownership: 96.81% → 93.57% (-3.2%)
16% less repeat investments, than reductions
Existing positions increased: 183 | Existing positions reduced: 217
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DGI
Disciplined Growth Investors
Minneapolis,
Minnesota
|
+$33.2M |
| 2 |
IP
Interval Partners
New York
|
+$19.8M |
| 3 |
HCM
Hamlin Capital Management
New York
|
+$17.6M |
| 4 |
Citigroup
New York
|
+$14.8M |
| 5 |
Ensign Peak Advisors
Salt Lake City,
Utah
|
+$11.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$84.4M |
| 2 |
Nordea Investment Management
Stockholm,
Sweden
|
-$63.2M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$43M |
| 4 |
JP Morgan Chase
New York
|
-$41.1M |
| 5 |
Fidelity International
Hamilton,
Bermuda
|
-$29.2M |
SNA Hedge Fund Activity: Q3 2020 in Review
568 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Snap-on (SNA) for Q3 2020, worth a combined $7.49B — up 3% from $7.28B a quarter earlier.
Buyers outnumbered sellers: 65 funds opened new SNA positions and 35 closed out — a net gain of 30 holders — while 183 added to existing stakes and 217 trimmed.
The largest buyer was Disciplined Growth Investors, opening a new position worth an estimated $33.2M. The largest seller was Bank of America, cutting an estimated $84.4M.
- 568 institutional investors held Snap-on (SNA) as of Q3 2020, up from 540 in Q2 2020.
- Funds reported $7.49B of Snap-on stock for Q3 2020, up 3% quarter-over-quarter.
- 65 funds opened new Snap-on positions in Q3 2020 and 35 closed out, a net change of +30 holders.
- The largest Snap-on buyer in Q3 2020 was Disciplined Growth Investors, an estimated $33.2M added.
- The largest Snap-on seller in Q3 2020 was Bank of America, an estimated $84.4M sold.
Based on aggregated 13F filings for Q3 2020.