Snap Inc.
BG ˙ BUL ˙ US83304A1060
SecurityBG:1SI / Snap Inc.
InstitutionSaba Capital Management, L.P.
ManagerBoaz Ronald Weinstein
Latest Disclosed Ownership4,727,808 shares
Latest Disclosed Value $ 21,747,917
Saba Capital Management, L.P. reports 232.53% increase in ownership of 1SI / Snap Inc.

On May 15, 2026 - Saba Capital Management, L.P. filed a 13F-HR form disclosing ownership of 4,727,808 shares of Snap Inc. (BG:1SI) valued at $21,747,917 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 1,421,784 shares of Snap Inc.. This represents a change in shares of 232.53% during the quarter.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-15 2026-03-31 13F SNAP CL A 83304A106 4,727,808 3,306,024 232.53 21,748 89.55 0.6008
2026-02-17 2025-12-31 13F SNAP CL A 83304A106 1,421,784 0 0.00 11,474 4.67 0.3410
2025-11-14 2025-09-30 13F SNAP CL A 83304A106 1,421,784 -307,264 -17.77 10,962 -27.05 0.2997
2025-08-14 2025-06-30 13F SNAP CL A 83304A106 1,729,048 1,125,366 186.42 15,025 185.76 0.3530
2025-05-15 2025-03-31 13F SNAP CL A 83304A106 603,682 125,592 26.27 5,258 2.12 0.1422
2025-02-14 2024-12-31 13F SNAP CL A 83304A106 478,090 -460,111 -49.04 5,149 -48.70 0.1207
2024-11-14 2024-09-30 13F SNAP CL A 83304A106 938,201 938,201 10,039 0.2092
2023-11-14 2023-09-30 13F SNAP CL A 83304A106 0 -48,321 -100.00 0 -100.00
2023-08-14 2023-06-30 13F SNAP CL A 83304A106 48,321 -222,841 -82.18 572 -81.18 0.0149
2023-05-15 2023-03-31 13F SNAP CL A 83304A106 271,162 -210,441 -43.70 3,040 -29.49 0.0580
2023-02-14 2022-12-31 13F SNAP CL A 83304A106 481,603 233,204 93.88 4,310 76.71 0.0583
2022-11-16 2022-09-30 13F/A-1 SNAP CL A 83304A106 248,399 248,399 2,439 0.0275
2022-11-14 2022-09-30 13F SNAP CL A 83304A106 248,399 248,399 2,439 0.0276
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.