Snowflake
SNOW
1,096 hedge funds and large institutions have $33B invested in Snowflake in 2024 Q1 according to their latest regulatory filings, with 185 funds opening new positions, 495 increasing their positions, 293 reducing their positions, and 176 closing their positions.
69% more repeat investments, than reductions
Existing positions increased: 495 | Existing positions reduced: 293
5% more first-time investments, than exits
New positions opened: 185 | Existing positions closed: 176
0% less funds holding
Funds holding: 1,100 → 1,096 (-4)
8.23% less ownership
Funds ownership: 69.46% → 61.24% (-8.2%)
12% less call options, than puts
Call options by funds: $2.6B | Put options by funds: $2.96B
27% less capital invested
Capital invested by funds: $45.5B → $33B (-$12.5B)
43% less funds holding in top 10
Funds holding in top 10: 61 → 35 (-26)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$281M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$244M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$229M |
| 4 |
Norges Bank
Oslo,
Norway
|
+$214M |
| 5 |
VNIM
Vaughan Nelson Investment Management
Houston,
Texas
|
+$206M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$2.8B |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$421M |
| 3 |
ACM
Altimeter Capital Management
Boston,
Massachusetts
|
-$416M |
| 4 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$334M |
| 5 |
Swedbank
Stockholm,
Sweden
|
-$311M |
SNOW Hedge Fund Activity: Q1 2024 in Review
1,096 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Snowflake (SNOW) for Q1 2024, worth a combined $33B — down 27% from $45.5B a quarter earlier.
Buyers outnumbered sellers: 185 funds opened new SNOW positions and 176 closed out — a net gain of 9 holders — while 495 added to existing stakes and 293 trimmed.
The largest buyer was Bank of Montreal, adding an estimated $281M. The largest seller was Morgan Stanley, cutting an estimated $2.8B.
- 1,096 institutional investors held Snowflake (SNOW) as of Q1 2024, down from 1,100 in Q4 2023.
- Funds reported $33B of Snowflake stock for Q1 2024, down 27% quarter-over-quarter.
- 185 funds opened new Snowflake positions in Q1 2024 and 176 closed out, a net change of +9 holders.
- The largest Snowflake buyer in Q1 2024 was Bank of Montreal, an estimated $281M added.
- The largest Snowflake seller in Q1 2024 was Morgan Stanley, an estimated $2.8B sold.
Based on aggregated 13F filings for Q1 2024.