Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Snap Inc (SNAP)

549 + Investors. Track Smart Money conviction in SNAP. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -12
Streak
1Q ▼
Buyers last Q
54%

Smart Money Signals — SNAP

Based on 550 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their SNAP positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🏔️

At the ownership peak (97% of max)

97% of all-time peak
550 hedge funds hold SNAP right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
〰️

Stable — ownership unchanged year-over-year

fund count last 6Q
The number of hedge funds holding SNAP is almost the same as a year ago (-13 funds, -2% change). No significant rush to buy or sell — institutional backing is holding steady.
🟡

Slight buying edge — 54% buying

322 buying274 selling
Last quarter: 322 funds bought or added vs 274 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
⚠️

Fewer new buyers each quarter (-6 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 72 → 93 → 115 → 109. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

63% of holders stayed for 2+ years

■ 63% conviction (2yr+) ■ 17% medium ■ 20% new
346 out of 550 hedge funds have held SNAP for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💎

Buying through price weakness — shares -14%, value -53%

Value
-52%
Shares
-14%
Last quarter: funds added -14% more shares while total portfolio value only changed -53%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📈

Growing discovery — still being found

84 → 72 → 93 → 115 → 109 new funds/Q
New funds entering each quarter: 72 → 93 → 115 → 109. A growing number of institutions are discovering SNAP each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Deep conviction — 70% of holders stayed 2+ years

■ 70% veterans ■ 9% 1-2yr ■ 21% new
Of 609 current holders: 424 (70%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
🏆

Elite ownership — 49% AUM from top-100 funds

49% from top-100 AUM funds
57 of 550 holders are among the 100 largest funds by AUM, controlling 49% of total institutional value in SNAP. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.4
out of 10
Low Exit Risk
Exit risk score 3.4/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — SNAP

In 2026 Q1, 322 hedge funds were net buyers of SNAP (109 opened a new position, 213 added to an existing one), while 274 reduced or exited (153 trimmed, 121 sold completely) — a 54% buyer ratio, indicating a slight buying edge. 49% of total institutional value in SNAP is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -12 funds (more exits than new entries). Total institutional holders: 550.

Hedge Fund Ownership: SNAP

How many hedge funds hold SNAP — quarterly history vs. share price
Quarterly hedge fund ownership of SNAP vs. share price

Market Analysis: SNAP

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: SNAP

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Snap Inc (SNAP) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much SNAP has moved relative to its sector benchmark (XLC) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 77d ago
SNAP
+18.7%
XLC
+1.1%

SNAP outperformed XLC by +17.6% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 32d ago
SNAP
-1.3%
XLC
-3.4%

Since the filing became public, SNAP outperformed XLC by +2.1% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

38 top-rated funds 0 high-conviction
Consensus
6.9
/ 10
breadth
×
Elite
1.1
/ 10
conviction
Hedge Fund Positioning: SNAP
549 + Investors

Track Smart Money conviction in SNAP. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 549 562 -2.31%
13F Shares 731M 855M -14.47%
Total Value $3.27B $6.94B -52.92%
New Positions 108 115 -7
Increased Positions 194 186 +8
Closed Positions 121 102 +19
Reduced Positions 137 164 -27
Total Calls 47 41 14.63%
Total Puts 28 31 -9.68%
PUT/CALL Ratio 0.6 0.76 Bullish

Statistics: SNAP

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
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Price/Book (mrq) --
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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Profit Margin --
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Total Cash (mrq) --
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Institutional Holders (2026 Q1)

549 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in SNAP. Verified SEC 13F-HR filings.

QUARTER:
Top 25 SNAP holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Prentice Capital Management, LP 21.39% 2,125,268 $9.8M
2 Irenic Capital Management LP 8.99% 30,000,000 $138.0M
3 Hiddenite Capital Partners LP 3.62% 3,000,000 $13.8M
4 Irenic Capital Management LP 1.73% 5,764,500 $26.5M
5 Riposte Capital LLC 1.41% 1,200,000 $5.5M
6 Invenomic Capital Management LP 1.11% 5,260,794 $24.2M
7 Atlas Venture Advisors, Inc. 0.93% 245,559 $1.1M
8 Empyrean Capital Partners, LP 0.82% 5,500,000 $25.3M
9 Tairen Capital Ltd 0.78% 1,570,000 $7.2M
10 MMCAP International Inc. SPC 0.78% 1,958,828 $9.0M
11 Quinn Opportunity Partners LLC 0.72% 2,992,634 $13.8M
12 Westbourne Investment Advisors, Inc. 0.69% 517,148 $2.4M
13 Baader Bank Aktiengesellschaft 0.61% 1,701,100 $7.8M
14 Saba Capital Management, L.P. 0.60% 4,727,808 $21.7M
15 Sassicaia Capital Advisers LLC 0.54% 103,600 $477K
16 Slate Path Capital LP 0.50% 7,287,400 $33.5M
17 Kerrisdale Advisers, LLC 0.50% 282,954 $1.3M
18 Militia Capital Management LLC 0.44% 425,198 $2.0M
19 Landscape Capital Management, L.L.C. 0.42% 1,434,243 $6.6M
20 Diametric Capital, LP 0.39% 329,982 $1.5M
21 Lakewood Capital Management, LP 0.36% 1,250,000 $5.8M
22 Curated Wealth Partners LLC 0.31% 536,541 $2.5M
23 Gumshoe Capital Management LLC 0.28% 75,100 $345K
24 Occudo Quantitative Strategies LP 0.25% 768,510 $4.7M
25 WealthCollab, LLC 0.24% 124,920 $575K
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Snap Inc (SNAP)

What does the Smart Money Trend signal show for SNAP?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their SNAP positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for SNAP?

Slight buying edge — 54% buying: Last quarter: 322 funds bought or added vs 274 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for SNAP holders?

Elite ownership — 49% AUM from top-100 funds: 57 of 550 holders are among the 100 largest funds by AUM, controlling 49% of total institutional value in SNAP. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held SNAP?

63% of holders stayed for 2+ years: 346 out of 550 hedge funds have held SNAP for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Snap Inc (SNAP) following the 2026 Q1 hedge fund 13F filings?

As of today, SNAP has moved -1.3% since the 2026 Q1 13F filing date (May 15, 2026), compared to -3.4% for the XLC sector ETF — an outperformance of +2.1%. Since the quarter end (March 31, 2026), SNAP has gained +18.7% vs +1.1% for XLC. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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