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Snowflake

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: 1,2991,341 (+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: 4530 (-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
Name Holding Trade Value Shares
Change
Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$6.46B +$184M +857,832 +3%
BlackRock
2
BlackRock
New York
$5.31B +$409M +1,904,121 +9%
Fidelity Investments
3
Fidelity Investments
Massachusetts
$2.51B +$665M +3,096,316 +39%
JP Morgan Chase
4
JP Morgan Chase
New York
$2.31B -$259M -1,206,263 -11%
Morgan Stanley
5
Morgan Stanley
New York
$2.07B -$87M -405,142 -4%
Jennison Associates
6
Jennison Associates
New York
$2.05B +$233M +1,083,222 +14%
State Street
7
State Street
Massachusetts
$1.59B +$39.4M +183,537 +3%
N
8
Nuveen
North Carolina
$1.16B +$174M +808,848 +19%
Geode Capital Management
9
Geode Capital Management
Massachusetts
$1.03B +$29.2M +135,901 +3%
Winslow Capital Management
10
Winslow Capital Management
Minnesota
$909M +$169M +786,093 +24%
Artisan Partners
11
Artisan Partners
Wisconsin
$868M -$237M -1,103,662 -22%
Wellington Management Group
12
Wellington Management Group
Massachusetts
$801M +$516M +2,400,840 +209%
AQR Capital Management
13
AQR Capital Management
Connecticut
$780M -$26.7M -124,356 -3%
Goldman Sachs
14
Goldman Sachs
New York
$780M -$21.9M -101,972 -3%
Invesco
15
Invesco
Georgia
$681M +$37M +172,193 +6%
Baillie Gifford & Co
16
Baillie Gifford & Co
United Kingdom
$631M -$11.3M -52,568 -2%
UBS AM
17
UBS AM
Illinois
$570M -$36.3M -168,875 -6%
ACM
18
Altimeter Capital Management
Massachusetts
$548M -$85.3M -397,246 -14%
Bank of America
19
Bank of America
North Carolina
$541M -$62.2M -289,615 -11%
Bank of Montreal
20
Bank of Montreal
Ontario, Canada
$528M -$19M -88,690 -4%
T. Rowe Price Associates
21
T. Rowe Price Associates
Maryland
$527M -$402M -1,871,747 -44%
American Century Companies
22
American Century Companies
Missouri
$475M +$316M +1,473,354 +233%
Northern Trust
23
Northern Trust
Illinois
$471M +$12M +55,683 +3%
Janus Henderson Group
24
Janus Henderson Group
United Kingdom
$459M +$210M +979,538 +93%
DZ Bank
25
DZ Bank
Germany
$445M +$382M +1,780,175 +928%

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.