Snap-on
817 hedge funds and large institutions have $13B invested in Snap-on in 2023 Q2 according to their latest regulatory filings, with 84 funds opening new positions, 291 increasing their positions, 298 reducing their positions, and 55 closing their positions.
65% more call options, than puts
Call options by funds: $35.2M | Put options by funds: $21.3M
53% more first-time investments, than exits
New positions opened: 84 | Existing positions closed: 55
42% more funds holding in top 10
Funds holding in top 10: 12 → 17 (+5)
16% more capital invested
Capital invested by funds: $11.2B → $13B (+$1.75B)
3% more funds holding
Funds holding: 791 → 817 (+26)
2% less repeat investments, than reductions
Existing positions increased: 291 | Existing positions reduced: 298
9.47% less ownership
Funds ownership: 94.52% → 85.05% (-9.5%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Balyasny Asset Management
Chicago,
Illinois
|
+$46.2M |
| 2 |
EARNEST Partners
Atlanta,
Georgia
|
+$25.5M |
| 3 |
National Pension Service
Jeonju-Si, Jeollabuk-Do,
South Korea
|
+$21.9M |
| 4 |
Millennium Management
New York
|
+$20.1M |
| 5 |
Renaissance Technologies
New York
|
+$18.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
-$1.23B |
| 2 |
Invesco
Atlanta,
Georgia
|
-$88.3M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
-$35.5M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$28.2M |
| 5 |
Northern Trust
Chicago,
Illinois
|
-$27.2M |
SNA Hedge Fund Activity: Q2 2023 in Review
817 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Snap-on (SNA) for Q2 2023, worth a combined $13B — up 16% from $11.2B a quarter earlier.
Buyers outnumbered sellers: 84 funds opened new SNA positions and 55 closed out — a net gain of 29 holders — while 291 added to existing stakes and 298 trimmed.
The largest buyer was Balyasny Asset Management, adding an estimated $46.2M. The largest seller was Envestnet Asset Management, cutting an estimated $1.23B.
- 817 institutional investors held Snap-on (SNA) as of Q2 2023, up from 791 in Q1 2023.
- Funds reported $13B of Snap-on stock for Q2 2023, up 16% quarter-over-quarter.
- 84 funds opened new Snap-on positions in Q2 2023 and 55 closed out, a net change of +29 holders.
- The largest Snap-on buyer in Q2 2023 was Balyasny Asset Management, an estimated $46.2M added.
- The largest Snap-on seller in Q2 2023 was Envestnet Asset Management, an estimated $1.23B sold.
Based on aggregated 13F filings for Q2 2023.