Snap-on
552 hedge funds and large institutions have $5.59B invested in Snap-on in 2020 Q1 according to their latest regulatory filings, with 72 funds opening new positions, 185 increasing their positions, 208 reducing their positions, and 99 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
0% more call options, than puts
Call options by funds: $9.55M | Put options by funds: $9.55M
2.14% less ownership
Funds ownership: 96.49% → 94.35% (-2.1%)
6% less funds holding
Funds holding: 588 → 552 (-36)
11% less repeat investments, than reductions
Existing positions increased: 185 | Existing positions reduced: 208
27% less first-time investments, than exits
New positions opened: 72 | Existing positions closed: 99
38% less capital invested
Capital invested by funds: $8.96B → $5.59B (-$3.37B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIM
Confluence Investment Management
St. Louis,
Missouri
|
+$123M |
| 2 |
Caisse de Depot et Placement du Quebec (CDPQ)
Montreal,
Quebec, Canada
|
+$52.9M |
| 3 |
Schroder Investment Management Group
London,
United Kingdom
|
+$29.9M |
| 4 |
BlackRock
New York
|
+$29.2M |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
+$27.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$119M |
| 2 |
Fidelity International
Hamilton,
Bermuda
|
-$90.1M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
-$54.8M |
| 4 |
GCM
Gates Capital Management
New York
|
-$53M |
| 5 |
FAM
Fenimore Asset Management
Cobleskill,
New York
|
-$51.2M |
SNA Hedge Fund Activity: Q1 2020 in Review
552 of the 4,547 institutional investors tracked by Wall St. Rank reported a position in Snap-on (SNA) for Q1 2020, worth a combined $5.59B — down 38% from $8.96B a quarter earlier.
Sellers outnumbered buyers: 99 funds closed out of SNA and 72 opened new positions — a net loss of 27 holders — while 208 trimmed existing stakes and 185 added.
The largest buyer was Confluence Investment Management, opening a new position worth an estimated $123M. The largest seller was Bank of America, cutting an estimated $119M.
- 552 institutional investors held Snap-on (SNA) as of Q1 2020, down from 588 in Q4 2019.
- Funds reported $5.59B of Snap-on stock for Q1 2020, down 38% quarter-over-quarter.
- 72 funds opened new Snap-on positions in Q1 2020 and 99 closed out, a net change of -27 holders.
- The largest Snap-on buyer in Q1 2020 was Confluence Investment Management, an estimated $123M added.
- The largest Snap-on seller in Q1 2020 was Bank of America, an estimated $119M sold.
Based on aggregated 13F filings for Q1 2020.