Institutional Investors Swarm Snap Stock: Latest Data Revealed

2024-03-12

During the quarter ending on December 31, 2023, data from sharkstracker.com revealed that Snap (SNAP) attracted significant interest from institutional investors. A total of 536 hedge funds held 860,698,720 shares of Snap, while 26 ETFs owned 7,505,896 shares of the company. Notable institutional holders of Snap included FMR LLC, Vanguard Group Inc, and SRS Investment Management, LLC.

In terms of hedge fund activity, 185 funds were buyers of Snap shares, while 207 funds were sellers during the last quarter. The buying activity resulted in the acquisition of 115,538,953 shares, whereas 64,913,053 shares were sold. Moreover, 52 hedge funds doubled their positions in Snap, while 7 funds divested at least 90% of their Snap shares.

Among the institutions displaying a pessimistic outlook on Snap were Artisan Partners Limited Partnership, Two Sigma Advisers, LP, and Susquehanna International Group, LLP. Conversely, institutions with an optimistic stance on Snap included Bank of America Corp, SRS Investment Management, LLC, and Citadel Advisors LLC.

The data provided by sharkstracker.com offers a comprehensive and data-driven perspective on the market dynamics surrounding Snap's stock holdings by hedge funds and ETFs. For those seeking more detailed insights, the complete report can be accessed at: [SharksTracker - Snap Report](https://www.sharkstracker.com/reports/ReportDetail12:SNAP/?rrr=3).