Vault-13

SNOWFLAKE INC SNOW 0 10.01.27

NOTE 10/0 · US DOMESTIC · CUSIP 833445AB5

66 institutional holders +3 vs Q4 2025
39,941,00039.9m shares reported held*
$1.2bnreported value*
16 new 24 added 17 reduced 13 sold out net sold ≈ $6.6m (-12.8m 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 ($118.3k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $31.29.

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

0255075Q3 25: 55Q4 25: 63Q1 26: 6666Q3 25Q4 25Q1 26
Numbers
QuarterHolders
Q3 202555
Q4 202563
Q1 202666

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q4 25: 40 bought or addedQ4 25: 24 cut or sold outQ4 25Q1 26: 40 bought or addedQ1 26: 30 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q4 20254024
Q1 20264030

Biggest buyers

Man Group plc Added +45,028,000+45.0m
DeepCurrents Investment Group LLC New +42,000,000+42.0m
MILLENNIUM MANAGEMENT LLC Added +31,200,000+31.2m
D. E. Shaw & Co., Inc. New +17,000,000+17.0m
SSI INVESTMENT MANAGEMENT LLC New +13,832,000+13.8m
TWO SIGMA INVESTMENTS, LP Added +12,500,000+12.5m
BNP PARIBAS FINANCIAL MARKETS Added +11,845,000+11.8m
MARINER INVESTMENT GROUP LLC Added +10,000,000+10.0m
ZAZOVE ASSOCIATES LLC New +10,000,000+10.0m
CITADEL ADVISORS LLC New +6,364,000+6.4m

Biggest sellers

Ovata Capital Management Ltd Sold out -32,500,000-32.5m
TUDOR INVESTMENT CORP ET AL Sold out -31,000,000-31.0m
ARISTEIA CAPITAL, L.L.C. Reduced -30,000,000-30.0m
Calamos Advisors LLC Reduced -24,944,000-24.9m
BANK OF MONTREAL /CAN/ Sold out -15,264,000-15.3m
WOLVERINE ASSET MANAGEMENT LLC Reduced -14,970,000-15.0m
SSI INVESTMENT MANAGEMENT LLC Sold out -13,378,000-13.4m
SUSQUEHANNA ADVISORS GROUP, INC. Sold out -10,924,000-10.9m
Point72 Asset Management, L.P. Reduced -10,528,000-10.5m
CSS LLC/IL Reduced -8,893,000-8.9m

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Aequim Alternative Investments LP 3.36% of their portfolio MILL VALLEY, CA 146,500,000146.5m $173.3m $173.3m 3.36% Unchanged
2 WHITEBOX ADVISORS LLC 2.30% of their portfolio MINNEAPOLIS, MN 137,450,000137.4m $162.3m $162.3m 2.30% Added +2.5m +2,500,000
3 Man Group plc 0.16% of their portfolio LONDON, X0 66,528,00066.5m $78.7m $78.7m 0.16% Added +45.0m +45,028,000
4 Sculptor Capital LP 0.80% of their portfolio New York, NY 60,000,00060.0m $70.9m $70.9m 0.80% Added +3.6m +3,553,000
5 TENOR CAPITAL MANAGEMENT Co., L.P. 1.08% of their portfolio NEW YORK, NY 59,165,00059.2m $70.0m $70.0m 1.08% Added +1.5m +1,500,000
6 Davidson Kempner Capital Management LP 1.05% of their portfolio New York, NY 50,000,00050.0m $59.0m $59.0m 1.05% Unchanged
7 DeepCurrents Investment Group LLC 2.04% of their portfolio NEW YORK, NY 42,000,00042.0m $49.6m $49.6m 2.04% New
8 ARISTEIA CAPITAL, L.L.C. 1.12% of their portfolio GREENWICH, CT 41,414,00041.4m $49.0m $49.0m 1.12% Reduced -30.0m -30,000,000
9 Calamos Advisors LLC 0.19% of their portfolio NAPERVILLE, IL 41,378,00041.4m $48.9m $48.9m 0.19% Reduced -24.9m -24,944,000
10 MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio NEW YORK, NY 35,775,00035.8m $42.3m $42.3m 0.03% Added +31.2m +31,200,000
11 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 33,687,00033.7m $398.5k $398.5k 0.00% Reduced -3.1m -3,072,000
12 MacKay Shields LLC 1.41% of their portfolio New York, NY 32,570,00032.6m $38.5m $38.5m 1.41% Added +2.7m +2,717,000
13 Alberta Investment Management Corp 0.18% of their portfolio EDMONTON, A0 25,000,00025.0m $29.5m $29.5m 0.18% Reduced -2.5m -2,500,000
14 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 24,767,00024.8m $29.2m $29.2m 0.00% Added +417.0k +417,000
15 Walleye Capital LLC 0.18% of their portfolio NEW YORK, NY 24,500,00024.5m $29.0m $29.0m 0.18% Reduced -8.0m -8,000,000
16 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 23,714,00023.7m $28.3m $28.3m 0.00% Added +1.3m +1,284,000
17 TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio NEW YORK, NY 22,500,00022.5m $26.6m $26.6m 0.02% Added +12.5m +12,500,000
18 BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio PARIS, I0 20,066,00020.1m $23.7m $23.7m 0.02% Added +11.8m +11,845,000
19 BlackRock, Inc. 0.00% of their portfolio New York, NY 18,978,00019.0m $22.4m $22.4m 0.00% Reduced -8.2m -8,160,000
20 D. E. Shaw & Co., Inc. 0.02% of their portfolio New York, NY 17,000,00017.0m $20.1m $20.1m 0.02% New
21 MARINER INVESTMENT GROUP LLC 5.38% of their portfolio NEW YORK, NY 15,000,00015.0m $17.7m $17.7m 5.38% Added +10.0m +10,000,000
22 MIZUHO SECURITIES USA LLC 0.39% of their portfolio NEW YORK, NY 14,242,00014.2m $16.7m $16.7m 0.39% Added +1.0m +1,000,000
23 LORD, ABBETT & CO. LLC 0.05% of their portfolio JERSEY CITY, NJ 13,852,00013.9m $16.4m $16.4m 0.05% Added +865.0k +865,000
24 SSI INVESTMENT MANAGEMENT LLC 1.13% of their portfolio Los Angeles, CA 13,832,00013.8m $16.3m $16.3m 1.13% New
25 FMR LLC 0.00% of their portfolio BOSTON, MA 12,670,00012.7m $15.0m $15.0m 0.00% Unchanged
26 ZAZOVE ASSOCIATES LLC 0.56% of their portfolio INCLINE VILLAGE, NV 10,000,00010.0m $11.8m $11.8m 0.56% New
27 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 8,270,0008.3m $9.8m $9.8m 0.00% Added +632.0k +632,000
28 WOLVERINE ASSET MANAGEMENT LLC 0.14% of their portfolio CHICAGO, IL 7,597,0007.6m $9.0m $9.0m 0.14% Reduced -15.0m -14,970,000
29 Point72 Asset Management, L.P. 0.02% of their portfolio STAMFORD, CT 7,500,0007.5m $8.9m $8.9m 0.02% Reduced -10.5m -10,528,000
30 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 6,902,0006.9m $8.2m $8.2m 0.00% Reduced -300.0k -300,000
31 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.01% of their portfolio Paris, I0 6,500,0006.5m $7.7m $7.7m 0.01% Added +400.0k +400,000
32 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 6,364,0006.4m $7.5m $7.5m 0.01% New
33 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio FRANKFURT AM MAIN, 2M 6,250,0006.2m $7.4m $7.4m 0.01% Added +1.0m +1,000,000
34 Radcliffe Capital Management, L.P. 0.44% of their portfolio BALA CYNWYD, PA 5,000,0005.0m $5.9m $5.9m 0.44% Unchanged
35 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.01% of their portfolio TORONTO, A6 5,000,0005.0m $5.9m $5.9m 0.01% New
36 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 4,878,0004.9m $5.8m $5.8m 0.00% Reduced -3.3m -3,328,000
37 Balyasny Asset Management L.P. 0.01% of their portfolio Chicago, IL 3,000,0003.0m $3.5m $3.5m 0.01% New
38 KIM, LLC 0.52% of their portfolio WICHITA, KS 3,000,0003.0m $3.5m $3.5m 0.52% Reduced -7.0m -7,000,000
39 AGF MANAGEMENT LTD 0.01% of their portfolio TORONTO, A6 1,900,0001.9m $2.2m $2.2m 0.01% Added +650.0k +650,000
40 OAKTREE CAPITAL MANAGEMENT LP 0.03% of their portfolio LOS ANGELES, CA 1,600,0001.6m $1.9m $1.9m 0.03% New
41 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 1,600,0001.6m $1.9m $1.9m 0.00% Added +1.2m +1,200,000
42 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 1,525,0001.5m $1.8m $1.8m 0.00% Added +454.0k +454,000
43 CSS LLC/IL 0.10% of their portfolio CHICAGO, IL 1,500,0001.5m $1.8m $1.8m 0.10% Reduced -8.9m -8,893,000
44 UBS Group AG 0.00% of their portfolio ZURICH, V8 1,459,0001.5m $1.7m $1.7m 0.00% New
45 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio Toronto, A6 1,200,0001.2m $1.4m $1.4m 0.00% Unchanged
46 LuminArx Capital Management LP 0.89% of their portfolio NEW YORK, NY 1,000,0001.0m $1.2m $1.2m 0.89% Unchanged
47 Central Pacific Bank - Trust Division 0.09% of their portfolio HONOLULU, HI 619,000619.0k $731.0k $731.0k 0.09% Reduced -109.0k -109,000
48 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 518,000518.0k $611.8k $611.8k 0.00% Added +290.0k +290,000
49 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 450,000450.0k $532.1k $532.1k 0.00% New
50 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 400,000400.0k $476.0k $476.0k 0.00% New
51 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 327,000327.0k $386.2k $386.2k 0.00% Reduced -5.1m -5,076,000
52 Calamos Wealth Management LLC 0.01% of their portfolio NAPERVILLE, IL 216,000216.0k $255.2k $255.2k 0.01% Added +3.0k +3,000
53 Ares Systematic Credit Ltd 0.19% of their portfolio LONDON, X0 200,000200.0k $238.8k $238.8k 0.19% Reduced -2.1m -2,100,000
54 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 191,000191.0k $225.6k $225.6k 0.00% Reduced -72.0k -72,000
55 OPPENHEIMER ASSET MANAGEMENT INC. 0.00% of their portfolio NEW YORK, NY 179,000179.0k $211.4k $211.4k 0.00% Added +51.0k +51,000
56 Amundi 0.00% of their portfolio Paris, I0 150,000150.0k $177.2k $177.2k 0.00% Unchanged
57 ABN AMRO INVESTMENT SOLUTIONS 0.00% of their portfolio PARIS CEDEX 008, I0 100,000100.0k $118.3k $118.3k 0.00% New
58 VIRTUS ADVISERS, LLC 0.04% of their portfolio HARTFORD, CT 81,00081.0k $95.7k $95.7k 0.04% New
59 STEPHENS INC /AR/ 0.00% of their portfolio LITTLE ROCK, AR 57,00057.0k $67.3k $67.3k 0.00% Added +18.0k +18,000
60 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 39,00039.0k $46.1k $46.1k 0.00% Reduced -4.5m -4,451,000
61 Balboa Wealth Partners 0.01% of their portfolio SCOTTSDALE, AZ 29,00029.0k $34.1k $34.1k 0.01% Added +9.0k +9,000
62 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 13,00013.0k $15.4k $15.4k 0.00% Unchanged
63 Candriam S.C.A. 0.01% of their portfolio STRASSEN, N4 2,1502.1k $2.5m $2.5m 0.01% New
64 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 2,0002.0k $2.0k $2.0k 0.00% New
65 Alpine Global Management, LLC 0.09% of their portfolio NEW YORK, NY 500500 $589.4k $589.4k 0.09% New
66 Erste Asset Management GmbH 0.00% of their portfolio VIENNA, C4 00 $0 $0 0.00% Unchanged