Snowflake
SNOW
976 hedge funds and large institutions have $37.5B invested in Snowflake in 2023 Q2 according to their latest regulatory filings, with 151 funds opening new positions, 388 increasing their positions, 286 reducing their positions, and 77 closing their positions.
96% more first-time investments, than exits
New positions opened: 151 | Existing positions closed: 77
36% more repeat investments, than reductions
Existing positions increased: 388 | Existing positions reduced: 286
14% more capital invested
Capital invested by funds: $32.8B → $37.5B (+$4.65B)
8% more funds holding
Funds holding: 905 → 976 (+71)
0.13% less ownership
Funds ownership: 65.55% → 65.42% (-0.13%)
1% less call options, than puts
Call options by funds: $2.42B | Put options by funds: $2.45B
10% less funds holding in top 10
Funds holding in top 10: 52 → 47 (-5)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$291M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$235M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$201M |
| 4 |
Jennison Associates
New York
|
+$196M |
| 5 |
Swedbank
Stockholm,
Sweden
|
+$164M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IC
Iconiq Capital
San Francisco,
California
|
-$502M |
| 2 |
Morgan Stanley
New York
|
-$447M |
| 3 |
Capital Research Global Investors
Los Angeles,
California
|
-$377M |
| 4 |
DIG
Dragoneer Investment Group
San Francisco,
California
|
-$257M |
| 5 |
Tiger Global Management
New York
|
-$172M |
SNOW Hedge Fund Activity: Q2 2023 in Review
976 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in Snowflake (SNOW) for Q2 2023, worth a combined $37.5B — up 14% from $32.8B a quarter earlier.
Buyers outnumbered sellers: 151 funds opened new SNOW positions and 77 closed out — a net gain of 74 holders — while 388 added to existing stakes and 286 trimmed.
The largest buyer was JP Morgan Chase, adding an estimated $291M. The largest seller was Iconiq Capital, cutting an estimated $502M.
- 976 institutional investors held Snowflake (SNOW) as of Q2 2023, up from 905 in Q1 2023.
- Funds reported $37.5B of Snowflake stock for Q2 2023, up 14% quarter-over-quarter.
- 151 funds opened new Snowflake positions in Q2 2023 and 77 closed out, a net change of +74 holders.
- The largest Snowflake buyer in Q2 2023 was JP Morgan Chase, an estimated $291M added.
- The largest Snowflake seller in Q2 2023 was Iconiq Capital, an estimated $502M sold.
Based on aggregated 13F filings for Q2 2023.