Vault-13

SNAP INC SNAP 0 05.01.27

NOTE 5/0 · US DOMESTIC · CUSIP 83304AAF3

47 institutional holders +5 vs Q1 2025
3,098,0003.1m shares reported held*
$342.9mreported value*
7 new 6 added 12 reduced 2 sold out net bought ≈ $9.5m (+1.1m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $110.70.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 56Q4 22: 50Q1 23: 56Q2 23: 55Q3 23: 50Q4 23: 59Q1 24: 56Q2 24: 57Q3 24: 53Q4 24: 51Q1 25: 42Q2 25: 4747Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202256
Q4 202250
Q1 202356
Q2 202355
Q3 202350
Q4 202359
Q1 202456
Q2 202457
Q3 202453
Q4 202451
Q1 202542
Q2 202547

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
40040Q3 23: 10 bought or addedQ3 23: 27 cut or sold outQ4 23: 26 bought or addedQ4 23: 15 cut or sold outQ4 23Q1 24: 24 bought or addedQ1 24: 25 cut or sold outQ2 24: 19 bought or addedQ2 24: 23 cut or sold outQ2 24Q3 24: 14 bought or addedQ3 24: 26 cut or sold outQ4 24: 17 bought or addedQ4 24: 19 cut or sold outQ4 24Q1 25: 15 bought or addedQ1 25: 32 cut or sold outQ2 25: 13 bought or addedQ2 25: 14 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20231027
Q4 20232615
Q1 20242425
Q2 20241923
Q3 20241426
Q4 20241719
Q1 20251532
Q2 20251314

Biggest buyers

TENOR CAPITAL MANAGEMENT Co., L.P. New +19,632,000+19.6m
WOLVERINE ASSET MANAGEMENT LLC New +9,089,000+9.1m
BANK OF AMERICA CORP /DE/ Added +5,328,000+5.3m
CAMDEN ASSET MANAGEMENT L P /CA Added +5,000,000+5.0m
ROYAL BANK OF CANADA Added +4,700,000+4.7m
OAKTREE CAPITAL MANAGEMENT LP New +2,002,000+2.0m
Daiwa Securities Group Inc. New +1,342,000+1.3m
HB Wealth Management, LLC New +1,098,000+1.1m
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main Added +400,000+400.0k
Wealthspire Advisors, LLC New +36,000+36.0k

Biggest sellers

Lynrock Lake LP Reduced -12,000,000-12.0m
FMR LLC Reduced -9,524,000-9.5m
JPMORGAN CHASE & CO Reduced -9,419,000-9.4m
CAPSTONE INVESTMENT ADVISORS, LLC Reduced -2,500,000-2.5m
CITIGROUP INC Reduced -1,767,000-1.8m
HB Wealth Management, LLC Sold out -1,186,000-1.2m
BlackRock, Inc. Reduced -550,000-550.0k
AVIVA PLC Reduced -500,000-500.0k
BNP PARIBAS FINANCIAL MARKETS Reduced -349,000-349.0k
CORBYN INVESTMENT MANAGEMENT INC/MD Reduced -139,000-139.0k

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 CAMDEN ASSET MANAGEMENT L P /CA 1.31% of their portfolio Los Angeles, CA 61,750,00061.8m $55.9m $55.9m 1.31% Added +5.0m +5,000,000
2 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 46,660,00046.7m $42.2m $42.2m 0.00% Reduced -9.4m -9,419,000
3 Calamos Advisors LLC 0.14% of their portfolio NAPERVILLE, IL 35,897,00035.9m $32.5m $32.5m 0.14% Unchanged
4 Lynrock Lake LP 2.44% of their portfolio RYE BROOK, NY 30,470,00030.5m $27.7m $27.7m 2.44% Reduced -12.0m -12,000,000
5 TENOR CAPITAL MANAGEMENT Co., L.P. 0.24% of their portfolio NEW YORK, NY 19,632,00019.6m $17.8m $17.8m 0.24% New
6 LAZARD ASSET MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 18,582,00018.6m $16.9m $16.9m 0.02% Unchanged
7 MARSHALL WACE, LLP 0.02% of their portfolio LONDON, X0 16,000,00016.0m $14.5m $14.5m 0.02% Unchanged
8 STANSBERRY ASSET MANAGEMENT, LLC 1.15% of their portfolio Westlake, TX 11,671,00011.7m $10.6m $10.6m 1.15% Reduced -39.0k -39,000
9 Aequim Alternative Investments LP 0.30% of their portfolio MILL VALLEY, CA 10,000,00010.0m $9.1m $9.1m 0.30% Unchanged
10 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 9,400,0009.4m $8.5m $8.5m 0.00% Added +4.7m +4,700,000
11 WOLVERINE ASSET MANAGEMENT LLC 0.14% of their portfolio CHICAGO, IL 9,089,0009.1m $8.2m $8.2m 0.14% New
12 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 7,881,0007.9m $7.1m $7.1m 0.00% Added +5.3m +5,328,000
13 CORBYN INVESTMENT MANAGEMENT INC/MD 2.12% of their portfolio Lutherville, MD 6,979,0007.0m $6.3m $6.3m 2.12% Reduced -139.0k -139,000
14 PALISADE CAPITAL MANAGEMENT, LP 0.17% of their portfolio FORT LEE, NJ 6,595,0006.6m $6.0m $6.0m 0.17% Unchanged
15 ONTARIO TEACHERS PENSION PLAN BOARD 0.11% of their portfolio Toronto, A6 6,000,0006.0m $5.4m $5.4m 0.11% Unchanged
16 AVIVA PLC 0.01% of their portfolio LONDON, X0 5,870,0005.9m $5.3m $5.3m 0.01% Reduced -500.0k -500,000
17 TORONTO DOMINION BANK 0.01% of their portfolio TORONTO, ONTARIO, A6 5,453,0005.5m $4.9m $4.9m 0.01% Unchanged
18 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 4,893,0004.9m $4.4m $4.4m 0.00% Unchanged
19 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio FRANKFURT AM MAIN, 2M 4,350,0004.3m $3.9m $3.9m 0.00% Added +400.0k +400,000
20 FMR LLC 0.00% of their portfolio BOSTON, MA 4,101,0004.1m $3.7m $3.7m 0.00% Reduced -9.5m -9,524,000
21 BlackRock, Inc. 0.00% of their portfolio New York, NY 3,250,0003.2m $2.9m $2.9m 0.00% Reduced -550.0k -550,000
22 CAPSTONE INVESTMENT ADVISORS, LLC 0.02% of their portfolio NEW YORK, NY 2,500,0002.5m $2.3m $2.3m 0.02% Reduced -2.5m -2,500,000
23 OAKTREE CAPITAL MANAGEMENT LP 0.04% of their portfolio LOS ANGELES, CA 2,002,0002.0m $1.8m $1.8m 0.04% New
24 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 1,993,0002.0m $1.9m $1.9m 0.00% Reduced -349.0k -349,000
25 FLOSSBACH VON STORCH SE 0.01% of their portfolio COLOGNE, 2M 1,900,0001.9m $1.7m $1.7m 0.01% Unchanged
26 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.00% of their portfolio Paris, I0 1,600,0001.6m $1.4m $1.4m 0.00% Unchanged
27 SOROS FUND MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 1,500,0001.5m $1.4m $1.4m 0.02% Unchanged
28 Daiwa Securities Group Inc. 0.00% of their portfolio CHIYODA-KU,TOKYO, M0 1,342,0001.3m $1.2m $1.2m 0.00% New
29 HB Wealth Management, LLC 0.01% of their portfolio Atlanta, GA 1,098,0001.1m $994.1k $994.1k 0.01% New
30 Amundi 0.00% of their portfolio Paris, I0 518,000518.0k $468.8k $468.8k 0.00% Unchanged
31 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 489,000489.0k $442.5k $442.5k 0.00% Reduced -1.8m -1,767,000
32 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 363,000363.0k $32.9m $32.9m 0.00% Unchanged
33 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 244,000244.0k $220.8k $220.8k 0.00% Added +34.0k +34,000
34 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 134,000134.0k $121.3k $121.3k 0.00% Reduced -73.0k -73,000
35 AQR Arbitrage LLC 0.00% of their portfolio Greenwich, CT 75,00075.0k $68.1k $68.1k 0.00% Unchanged
36 Wealthspire Advisors, LLC 0.00% of their portfolio NEW YORK, NY 36,00036.0k $32.6k $32.6k 0.00% New
37 SHENKMAN CAPITAL MANAGEMENT INC 0.00% of their portfolio NEW YORK, NY 28,00028.0k $25.5k $25.5k 0.00% Added +3.0k +3,000
38 Oak Harvest Investment Services 0.00% of their portfolio HOUSTON, TX 28,00028.0k $25.4k $25.4k 0.00% Unchanged
39 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 18,00018.0k $16.3k $16.3k 0.00% Unchanged
40 Syntegra Private Wealth Group, LLC 0.00% of their portfolio Chesterfield, MO 18,00018.0k $16.3k $16.3k 0.00% New
41 HBK Sorce Advisory LLC 0.00% of their portfolio ERIE, PA 17,00017.0k $15.4k $15.4k 0.00% Unchanged
42 Jefferies Financial Group Inc. 0.00% of their portfolio NEW YORK, NY 14,00014.0k $12.7k $12.7k 0.00% Reduced -72.0k -72,000
43 Beaird Harris Wealth Management, LLC 0.00% of their portfolio DALLAS, TX 14,00014.0k $12.7k $12.7k 0.00% Unchanged
44 KESTRA PRIVATE WEALTH SERVICES, LLC 0.01% of their portfolio AUSTIN, TX 6,0006.0k $543.0k $543.0k 0.01% Unchanged
45 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 5,0005.0k $4.5k $4.5k 0.00% Unchanged
46 Alken Asset Management Ltd 2.69% of their portfolio LONDON, X0 1,7001.7k $1.5m $1.5m 2.69% Unchanged
47 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged