Snap-on
587 hedge funds and large institutions have $7.74B invested in Snap-on in 2018 Q4 according to their latest regulatory filings, with 60 funds opening new positions, 164 increasing their positions, 260 reducing their positions, and 103 closing their positions.
6.13% less ownership
Funds ownership: 123.45% → 117.31% (-6.1%)
7% less funds holding
Funds holding: 634 → 587 (-47)
10% less funds holding in top 10
Funds holding in top 10: 10 → 9 (-1)
24% less capital invested
Capital invested by funds: $10.2B → $7.74B (-$2.47B)
37% less repeat investments, than reductions
Existing positions increased: 164 | Existing positions reduced: 260
42% less first-time investments, than exits
New positions opened: 60 | Existing positions closed: 103
50% less call options, than puts
Call options by funds: $32.5M | Put options by funds: $65.4M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IVMX
Institutional Venture Management XV
Menlo Park,
California
|
+$412M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$125M |
| 3 |
BlackRock
New York
|
+$109M |
| 4 |
Ninety One (UK)
London,
United Kingdom
|
+$62.7M |
| 5 |
APG Asset Management
Amsterdam,
Netherlands
|
+$45.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IVMX
Institutional Venture Management XIV
Menlo Park,
California
|
-$927M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$104M |
| 3 |
CAM
Congress Asset Management
Boston,
Massachusetts
|
-$90.5M |
| 4 |
CCMG
Clark Capital Management Group
Philadelphia,
Pennsylvania
|
-$70.2M |
| 5 |
Bessemer Group
Woodbridge,
New Jersey
|
-$58.6M |
SNA Hedge Fund Activity: Q4 2018 in Review
587 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Snap-on (SNA) for Q4 2018, worth a combined $7.74B — down 24% from $10.2B a quarter earlier.
Sellers outnumbered buyers: 103 funds closed out of SNA and 60 opened new positions — a net loss of 43 holders — while 260 trimmed existing stakes and 164 added.
The largest buyer was Institutional Venture Management XV, opening a new position worth an estimated $412M. The largest seller was Institutional Venture Management XIV, cutting an estimated $927M.
- 587 institutional investors held Snap-on (SNA) as of Q4 2018, down from 634 in Q3 2018.
- Funds reported $7.74B of Snap-on stock for Q4 2018, down 24% quarter-over-quarter.
- 60 funds opened new Snap-on positions in Q4 2018 and 103 closed out, a net change of -43 holders.
- The largest Snap-on buyer in Q4 2018 was Institutional Venture Management XV, an estimated $412M added.
- The largest Snap-on seller in Q4 2018 was Institutional Venture Management XIV, an estimated $927M sold.
Based on aggregated 13F filings for Q4 2018.