Snap-on
811 hedge funds and large institutions have $11.6B invested in Snap-on in 2023 Q3 according to their latest regulatory filings, with 66 funds opening new positions, 296 increasing their positions, 297 reducing their positions, and 60 closing their positions.
10% more first-time investments, than exits
New positions opened: 66 | Existing positions closed: 60
1% more ownership
Funds ownership: 85.03% → 86.03% (+1%)
0% less repeat investments, than reductions
Existing positions increased: 296 | Existing positions reduced: 297
1% less funds holding
Funds holding: 816 → 811 (-5)
10% less capital invested
Capital invested by funds: $13B → $11.6B (-$1.32B)
17% less call options, than puts
Call options by funds: $43.1M | Put options by funds: $52M
53% less funds holding in top 10
Funds holding in top 10: 17 → 8 (-9)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
+$40M |
| 2 |
Amundi
Paris,
France
|
+$31.2M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$29.1M |
| 4 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$27.4M |
| 5 |
MAM
Martingale Asset Management
Boston,
Massachusetts
|
+$22.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Balyasny Asset Management
Chicago,
Illinois
|
-$55.1M |
| 2 |
CIA
Capital Investment Advisors
Atlanta,
Georgia
|
-$19.4M |
| 3 |
Pzena Investment Management
New York
|
-$16.2M |
| 4 |
Schroder Investment Management Group
London,
United Kingdom
|
-$15.6M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
-$15M |
SNA Hedge Fund Activity: Q3 2023 in Review
811 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in Snap-on (SNA) for Q3 2023, worth a combined $11.6B — down 10% from $13B a quarter earlier.
Buyers outnumbered sellers: 66 funds opened new SNA positions and 60 closed out — a net gain of 6 holders — while 296 added to existing stakes and 297 trimmed.
The largest buyer was Envestnet Asset Management, adding an estimated $40M. The largest seller was Balyasny Asset Management, cutting an estimated $55.1M.
- 811 institutional investors held Snap-on (SNA) as of Q3 2023, down from 816 in Q2 2023.
- Funds reported $11.6B of Snap-on stock for Q3 2023, down 10% quarter-over-quarter.
- 66 funds opened new Snap-on positions in Q3 2023 and 60 closed out, a net change of +6 holders.
- The largest Snap-on buyer in Q3 2023 was Envestnet Asset Management, an estimated $40M added.
- The largest Snap-on seller in Q3 2023 was Balyasny Asset Management, an estimated $55.1M sold.
Based on aggregated 13F filings for Q3 2023.