Who’s buying snap

It's a good question to ask about institutional activity in Snap Inc. (SNAP), as understanding who is buying can provide insights into market sentiment and potential future performance.

Based on recent institutional ownership data, Snap Inc. has a significant number of institutional owners, with 824 institutions holding a total of over 1 billion shares as of the most recent filings.1

Key observations from the latest institutional filings include:

• Top Holders: The largest institutional shareholders in SNAP include Fmr Llc, Vanguard Group Inc, AGTHX - GROWTH FUND OF AMERICA Class A, Capital World Investors, and FBGRX - Fidelity Blue Chip Growth Fund.1 These are major players with substantial existing positions.
• Recent Activity: While the overall number of institutional owners has seen a slight decrease in the most recent quarter (-3.84% MRQ), the total institutional shares (long) have increased by 4.64% MRQ, indicating that some existing holders might be adding to their positions or new, smaller institutions are initiating positions.1
• Individual Transactions: Looking at individual 13F filings, we can see a mix of activity. For instance, Boothbay Fund Management, Llc increased its position by 164.65% in a filing dated May 15, 2025, and FNY Investment Advisers, LLC significantly increased its holdings by 809.42% in a filing dated July 30, 2025. Conversely, some institutions like Versor Investments LP and Halbert Hargrove Global Advisors, Llc closed out their positions.1
• Fund Sentiment Score: Fintel's Fund Sentiment Score, which identifies stocks with high institutional accumulation, can provide a broader perspective on how funds are collectively buying or selling. This score considers the increase in disclosed owners and changes in portfolio allocations.1

Understanding these movements helps in gauging the "smart money" perspective on SNAP. It's important to note that 13F filings provide a snapshot of institutional holdings at the end of a quarter and are reported with a delay.

Analyze the Fund Sentiment Score for SNAP over the last four quarters to identify a trend in institutional accumulation.