Snap-on
366 hedge funds and large institutions have $4.8B invested in Snap-on in 2013 Q3 according to their latest regulatory filings, with 46 funds opening new positions, 110 increasing their positions, 149 reducing their positions, and 23 closing their positions.
323% more call options, than puts
Call options by funds: $30.7M | Put options by funds: $7.24M
100% more first-time investments, than exits
New positions opened: 46 | Existing positions closed: 23
14% more funds holding in top 10
Funds holding in top 10: 7 → 8 (+1)
10% more capital invested
Capital invested by funds: $4.38B → $4.8B (+$419M)
6% more funds holding
Funds holding: 345 → 366 (+21)
0.98% less ownership
Funds ownership: 84.02% → 83.04% (-0.98%)
26% less repeat investments, than reductions
Existing positions increased: 110 | Existing positions reduced: 149
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
+$44M |
| 2 |
Adage Capital Partners
Boston,
Massachusetts
|
+$40.3M |
| 3 |
SCM
Sandler Capital Management
New York
|
+$24M |
| 4 |
D.E. Shaw & Co
New York
|
+$15.2M |
| 5 |
OAM
Origin Asset Management
London,
United Kingdom
|
+$14.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Harris Associates
Chicago,
Illinois
|
-$155M |
| 2 |
JHIU
Janus Henderson Investors US
Denver,
Colorado
|
-$30.5M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$26.9M |
| 4 |
FCM
Frontier Capital Management
Boston,
Massachusetts
|
-$17.3M |
| 5 |
STC
SEI Trust Company
Oaks,
Pennsylvania
|
-$12M |
SNA Hedge Fund Activity: Q3 2013 in Review
366 of the 3,085 institutional investors tracked by Wall St. Rank reported a position in Snap-on (SNA) for Q3 2013, worth a combined $4.8B — up 9.6% from $4.38B a quarter earlier.
Buyers outnumbered sellers: 46 funds opened new SNA positions and 23 closed out — a net gain of 23 holders — while 110 added to existing stakes and 149 trimmed.
The largest buyer was BlackRock Institutional Trust, adding an estimated $44M. The largest seller was Harris Associates, cutting an estimated $155M.
- 366 institutional investors held Snap-on (SNA) as of Q3 2013, up from 345 in Q2 2013.
- Funds reported $4.8B of Snap-on stock for Q3 2013, up 9.6% quarter-over-quarter.
- 46 funds opened new Snap-on positions in Q3 2013 and 23 closed out, a net change of +23 holders.
- The largest Snap-on buyer in Q3 2013 was BlackRock Institutional Trust, an estimated $44M added.
- The largest Snap-on seller in Q3 2013 was Harris Associates, an estimated $155M sold.
Based on aggregated 13F filings for Q3 2013.