Snap-on
619 hedge funds and large institutions have $8.34B invested in Snap-on in 2018 Q1 according to their latest regulatory filings, with 79 funds opening new positions, 222 increasing their positions, 215 reducing their positions, and 57 closing their positions.
39% more first-time investments, than exits
New positions opened: 79 | Existing positions closed: 57
3% more funds holding
Funds holding: 603 → 619 (+16)
3% more repeat investments, than reductions
Existing positions increased: 222 | Existing positions reduced: 215
3.2% less ownership
Funds ownership: 125.94% → 122.74% (-3.2%)
18% less capital invested
Capital invested by funds: $10.2B → $8.34B (-$1.82B)
58% less funds holding in top 10
Funds holding in top 10: 12 → 5 (-7)
82% less call options, than puts
Call options by funds: $19.5M | Put options by funds: $111M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Pzena Investment Management
New York
|
+$50.5M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$46.3M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$44.4M |
| 4 |
Renaissance Technologies
New York
|
+$34.3M |
| 5 |
GCM
Gates Capital Management
New York
|
+$32.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$211M |
| 2 |
FPP
Findlay Park Partners
London,
United Kingdom
|
-$154M |
| 3 |
Schroder Investment Management Group
London,
United Kingdom
|
-$83.1M |
| 4 |
Bessemer Group
Woodbridge,
New Jersey
|
-$59.3M |
| 5 |
American Century Companies
Kansas City,
Missouri
|
-$41.7M |
SNA Hedge Fund Activity: Q1 2018 in Review
619 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Snap-on (SNA) for Q1 2018, worth a combined $8.34B — down 18% from $10.2B a quarter earlier.
Buyers outnumbered sellers: 79 funds opened new SNA positions and 57 closed out — a net gain of 22 holders — while 222 added to existing stakes and 215 trimmed.
The largest buyer was Pzena Investment Management, opening a new position worth an estimated $50.5M. The largest seller was JP Morgan Chase, cutting an estimated $211M.
- 619 institutional investors held Snap-on (SNA) as of Q1 2018, up from 603 in Q4 2017.
- Funds reported $8.34B of Snap-on stock for Q1 2018, down 18% quarter-over-quarter.
- 79 funds opened new Snap-on positions in Q1 2018 and 57 closed out, a net change of +22 holders.
- The largest Snap-on buyer in Q1 2018 was Pzena Investment Management, an estimated $50.5M added.
- The largest Snap-on seller in Q1 2018 was JP Morgan Chase, an estimated $211M sold.
Based on aggregated 13F filings for Q1 2018.