Snap-on
790 hedge funds and large institutions have $11.2B invested in Snap-on in 2023 Q1 according to their latest regulatory filings, with 97 funds opening new positions, 273 increasing their positions, 268 reducing their positions, and 53 closing their positions.
83% more first-time investments, than exits
New positions opened: 97 | Existing positions closed: 53
50% more funds holding in top 10
Funds holding in top 10: 8 → 12 (+4)
19% more call options, than puts
Call options by funds: $15M | Put options by funds: $12.6M
10.13% more ownership
Funds ownership: 84.39% → 94.52% (+10%)
9% more capital invested
Capital invested by funds: $10.3B → $11.2B (+$949M)
4% more funds holding
Funds holding: 761 → 790 (+29)
2% more repeat investments, than reductions
Existing positions increased: 273 | Existing positions reduced: 268
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
+$1.18B |
| 2 |
Invesco
Atlanta,
Georgia
|
+$79.3M |
| 3 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$24.1M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$14.9M |
| 5 |
FP
Foundry Partners
Minneapolis,
Minnesota
|
+$14.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
-$49.2M |
| 2 |
AI
Ariel Investments
Chicago,
Illinois
|
-$30.8M |
| 3 |
BlackRock
New York
|
-$21.5M |
| 4 |
Morgan Stanley
New York
|
-$17.8M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$16.6M |
SNA Hedge Fund Activity: Q1 2023 in Review
790 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in Snap-on (SNA) for Q1 2023, worth a combined $11.2B — up 9.3% from $10.3B a quarter earlier.
Buyers outnumbered sellers: 97 funds opened new SNA positions and 53 closed out — a net gain of 44 holders — while 273 added to existing stakes and 268 trimmed.
The largest buyer was Envestnet Asset Management, adding an estimated $1.18B. The largest seller was Ameriprise, cutting an estimated $49.2M.
- 790 institutional investors held Snap-on (SNA) as of Q1 2023, up from 761 in Q4 2022.
- Funds reported $11.2B of Snap-on stock for Q1 2023, up 9.3% quarter-over-quarter.
- 97 funds opened new Snap-on positions in Q1 2023 and 53 closed out, a net change of +44 holders.
- The largest Snap-on buyer in Q1 2023 was Envestnet Asset Management, an estimated $1.18B added.
- The largest Snap-on seller in Q1 2023 was Ameriprise, an estimated $49.2M sold.
Based on aggregated 13F filings for Q1 2023.