Snap-on
550 hedge funds and large institutions have $7.85B invested in Snap-on in 2016 Q2 according to their latest regulatory filings, with 56 funds opening new positions, 200 increasing their positions, 196 reducing their positions, and 39 closing their positions.
44% more first-time investments, than exits
New positions opened: 56 | Existing positions closed: 39
1% more funds holding
Funds holding: 542 → 550 (+8)
3% more capital invested
Capital invested by funds: $7.61B → $7.85B (+$242M)
2% more repeat investments, than reductions
Existing positions increased: 200 | Existing positions reduced: 196
0% more funds holding in top 10
Funds holding in top 10: 11 → 11 (0)
2.71% less ownership
Funds ownership: 88.25% → 85.55% (-2.7%)
28% less call options, than puts
Call options by funds: $25.5M | Put options by funds: $35.5M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$75.8M |
| 2 |
Bank of New York Mellon
New York
|
+$59.5M |
| 3 |
Nordea Investment Management
Stockholm,
Sweden
|
+$57.4M |
| 4 |
Adage Capital Partners
Boston,
Massachusetts
|
+$45.7M |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$44.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal London Asset Management
United Kingdom
|
-$338M |
| 2 |
Capital International Investors
Los Angeles,
California
|
-$118M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$70M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
-$53.6M |
| 5 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$20.7M |
SNA Hedge Fund Activity: Q2 2016 in Review
550 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Snap-on (SNA) for Q2 2016, worth a combined $7.85B — up 3.2% from $7.61B a quarter earlier.
Buyers outnumbered sellers: 56 funds opened new SNA positions and 39 closed out — a net gain of 17 holders — while 200 added to existing stakes and 196 trimmed.
The largest buyer was JP Morgan Chase, adding an estimated $75.8M. The largest seller was Royal London Asset Management, cutting an estimated $338M.
- 550 institutional investors held Snap-on (SNA) as of Q2 2016, up from 542 in Q1 2016.
- Funds reported $7.85B of Snap-on stock for Q2 2016, up 3.2% quarter-over-quarter.
- 56 funds opened new Snap-on positions in Q2 2016 and 39 closed out, a net change of +17 holders.
- The largest Snap-on buyer in Q2 2016 was JP Morgan Chase, an estimated $75.8M added.
- The largest Snap-on seller in Q2 2016 was Royal London Asset Management, an estimated $338M sold.
Based on aggregated 13F filings for Q2 2016.