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Snowflake
SNOW

1,341 hedge funds and large institutions have $54.3B invested in Snowflake in 2025 Q3 according to their latest regulatory filings, with 183 funds opening new positions, 561 increasing their positions, 407 reducing their positions, and 124 closing their positions.

New
Increased
Maintained
Reduced
Closed

48% more first-time investments, than exits

New positions opened: 183 | Existing positions closed: 124

38% more repeat investments, than reductions

Existing positions increased: 561 | Existing positions reduced: 407

20% more call options, than puts

Call options by funds: $5.14B | Put options by funds: $4.27B

3% more funds holding

Funds holding: 1,299 → 1,341 (+42)

1.02% more ownership

Funds ownership: 70.07% → 71.09% (+1%)

4% more capital invested

Capital invested by funds: $52.3B → $54.3B (+$2.02B)

33% less funds holding in top 10

Funds holding in top 10: 45 → 30 (-15)

Holders
1,341
Holders Change
+42
Holders Change %
+3.23%
% of All Funds
17.6%
Holding in Top 10
30
Holding in Top 10 Change
-15
Holding in Top 10 Change %
-33.33%
% of All Funds
0.39%
New
183
Increased
561
Reduced
407
Closed
124
Calls
$5.14B
Puts
$4.27B
Net Calls
+$862M
Net Calls Change
-$102M

Top Buyers

1
Fidelity Investments
Fidelity Investments
Massachusetts
+$665M
2
Wellington Management Group
Wellington Management Group
Massachusetts
+$516M
3
Coatue Management
Coatue Management
New York
+$420M
4
BlackRock
BlackRock
New York
+$409M
5
DZ Bank
DZ Bank
Germany
+$382M

Top Sellers

1
Two Sigma Advisers
Two Sigma Advisers
New York
-$450M
2
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
-$402M
3
Point72 Asset Management
Point72 Asset Management
Connecticut
-$314M
4
JP Morgan Chase
JP Morgan Chase
New York
-$259M
5
Two Sigma Investments
Two Sigma Investments
New York
-$258M
Name Holding Trade Value Shares
Change 		Change in
Stake
SM
51
SCGE Management
California
$201M +$56.9M +265,000 +42%
Ameriprise
52
Ameriprise
Minnesota
$197M -$6.01M -28,002 -3%
Sumitomo Mitsui Trust Group
53
Sumitomo Mitsui Trust Group
Japan
$165M +$1.72M +8,002 +1%
OPFM
54
Optimus Prime Fund Management
Cayman Islands
$164M – – –
Citigroup
55
Citigroup
New York
$161M +$35.9M +167,133 +31%
PCH
56
Polar Capital Holdings
United Kingdom
$153M -$40.9M -190,537 -22%
Barclays
57
Barclays
United Kingdom
$153M +$14.1M +65,821 +11%
National Pension Service
58
National Pension Service
South Korea
$141M +$1.53M +7,114 +1%
Schroder Investment Management Group
59
Schroder Investment Management Group
United Kingdom
$139M +$11.4M +52,932 +9%
Canada Pension Plan Investment Board
60
Canada Pension Plan Investment Board
Ontario, Canada
$132M +$15.3M +71,372 +14%
CI Investments Inc
61
CI Investments Inc
Ontario, Canada
$131M -$1.54M -7,173 -1%
Renaissance Technologies
62
Renaissance Technologies
New York
$131M -$29.5M -137,552 -19%
Westfield Capital Management
63
Westfield Capital Management
Massachusetts
$130M +$43.2M +201,332 +54%
Envestnet Asset Management
64
Envestnet Asset Management
Illinois
$129M +$49.4M +229,896 +67%
California Public Employees Retirement System
65
California Public Employees Retirement System
California
$118M +$4.77M +22,199 +4%
William Blair Investment Management
66
William Blair Investment Management
Illinois
$117M +$111M +518,209 New
WP
67
Woodline Partners
California
$114M – – –
California State Teachers Retirement System (CalSTRS)
68
California State Teachers Retirement System (CalSTRS)
California
$112M +$677K +3,154 +0.6%
Two Sigma Advisers
69
Two Sigma Advisers
New York
$109M -$450M -2,095,500 -81%
Raymond James Financial
70
Raymond James Financial
Florida
$107M +$541K +2,519 +0.5%
AM
71
Atreides Management
Massachusetts
$106M -$12.1M -56,224 -11%
Korea Investment Corp
72
Korea Investment Corp
South Korea
$105M +$25.8M +120,008 +35%
Millennium Management
73
Millennium Management
New York
$103M -$9.5M -44,220 -9%
CIBC Private Wealth Group
74
CIBC Private Wealth Group
Georgia
$101M +$20.6M +95,877 +27%
MMA
75
Mizuho Markets Americas
New York
$98.2M +$48.5M +225,717 +108%
1 2
3
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SNOW Hedge Fund Activity: Q3 2025 in Review

1,341 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Snowflake (SNOW) for Q3 2025, worth a combined $54.3B — up 3.9% from $52.3B a quarter earlier.

Buyers outnumbered sellers: 183 funds opened new SNOW positions and 124 closed out — a net gain of 59 holders — while 561 added to existing stakes and 407 trimmed.

The largest buyer was Fidelity Investments, adding an estimated $665M. The largest seller was Two Sigma Advisers, cutting an estimated $450M.

  • 1,341 institutional investors held Snowflake (SNOW) as of Q3 2025, up from 1,299 in Q2 2025.
  • Funds reported $54.3B of Snowflake stock for Q3 2025, up 3.9% quarter-over-quarter.
  • 183 funds opened new Snowflake positions in Q3 2025 and 124 closed out, a net change of +59 holders.
  • The largest Snowflake buyer in Q3 2025 was Fidelity Investments, an estimated $665M added.
  • The largest Snowflake seller in Q3 2025 was Two Sigma Advisers, an estimated $450M sold.

Based on aggregated 13F filings for Q3 2025.