Snap-on
401 hedge funds and large institutions have $5.64B invested in Snap-on in 2014 Q1 according to their latest regulatory filings, with 36 funds opening new positions, 144 increasing their positions, 159 reducing their positions, and 23 closing their positions.
179% more call options, than puts
Call options by funds: $14M | Put options by funds: $5.01M
57% more first-time investments, than exits
New positions opened: 36 | Existing positions closed: 23
50% more funds holding in top 10
Funds holding in top 10: 8 → 12 (+4)
3% more funds holding
Funds holding: 391 → 401 (+10)
4% more capital invested
Capital invested by funds: $5.42B → $5.64B (+$223M)
0.2% more ownership
Funds ownership: 85.1% → 85.31% (+0.2%)
9% less repeat investments, than reductions
Existing positions increased: 144 | Existing positions reduced: 159
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bessemer Group
Woodbridge,
New Jersey
|
+$103M |
| 2 |
Adage Capital Partners
Boston,
Massachusetts
|
+$32.4M |
| 3 |
PCM
Palestra Capital Management
New York
|
+$21.4M |
| 4 |
Renaissance Technologies
New York
|
+$18.2M |
| 5 |
State of Tennessee, Department of Treasury
Nashville,
Tennessee
|
+$15.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$106M |
| 2 |
CPCM
Clifton Park Capital Management
Wilmington,
Delaware
|
-$22.2M |
| 3 |
PP
Prudential plc
London, England,
United Kingdom
|
-$19.1M |
| 4 |
JHIU
Janus Henderson Investors US
Denver,
Colorado
|
-$18.2M |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$12.1M |
SNA Hedge Fund Activity: Q1 2014 in Review
401 of the 3,475 institutional investors tracked by Wall St. Rank reported a position in Snap-on (SNA) for Q1 2014, worth a combined $5.64B — up 4.1% from $5.42B a quarter earlier.
Buyers outnumbered sellers: 36 funds opened new SNA positions and 23 closed out — a net gain of 13 holders — while 144 added to existing stakes and 159 trimmed.
The largest buyer was Bessemer Group, adding an estimated $103M. The largest seller was Fidelity Investments, cutting an estimated $106M.
- 401 institutional investors held Snap-on (SNA) as of Q1 2014, up from 391 in Q4 2013.
- Funds reported $5.64B of Snap-on stock for Q1 2014, up 4.1% quarter-over-quarter.
- 36 funds opened new Snap-on positions in Q1 2014 and 23 closed out, a net change of +13 holders.
- The largest Snap-on buyer in Q1 2014 was Bessemer Group, an estimated $103M added.
- The largest Snap-on seller in Q1 2014 was Fidelity Investments, an estimated $106M sold.
Based on aggregated 13F filings for Q1 2014.