Which funds own SNAP
Snap Inc in the Q2 2026 filings. At least 7 of the 91 current managers on file reported a position, worth $210m between them. It is among the largest positions of fewer than a fifth of the current managers on file. Buying and selling roughly cancelled this quarter, which is what a name looks like when the argument is still live.
- Managers holding
- 7
- at least, of 91 current
- Combined value
- $210m
- as reported
- Opened
- 0
- new this quarter
- Added to
- 4
- already held
- Trimmed or sold out
- 2
- 1 sold out entirely
Only each manager’s largest 200 positions are listed here, so a smaller holder may be missing.
Managers reporting a position
Largest first. Weight is the share of that manager’s whole reported book, which is the number worth quoting: $400m is a rounding error in one book and a defining bet in another.
| Manager | Value | Weight | Shares | Change on the quarter | Action |
|---|---|---|---|---|---|
| Soros Fund Management LLC Macro · $8.1bn book | $72m | 0.9% | 88,000,000 | +$800k0 | Held |
| Davidson Kempner Capital Management LP Long/short equity · $8.4bn book | $51m | 0.6% | 55,000,000 | +$3.7m+3,500,000 | Added |
| Davidson Kempner Capital Management LP Long/short equity · $8.4bn book | $35m | 0.4% | 42,500,000 | +$11m+12,500,000 | Added |
| Oaktree Capital Management LP Activist · $7.2bn book | $27m | 0.4% | 28,018,000 | +$8.0m+8,273,000 | Added |
| Oaktree Capital Management LP Activist · $7.2bn book | $16m | 0.2% | 17,474,000 | +$11m+11,474,000 | Added |
| Soros Fund Management LLC Macro · $8.1bn book | $9.3m | 0.1% | 10,000,000 | +$100k0 | Held |
| Oaktree Capital Management LP Activist · $7.2bn book | $900k | 0.0% | 877,000 | -$2.8m-2,890,000 | Trimmed |
Sold out of this quarter
Valued at what the position was worth in the previous filing, because by this one it is gone.
- Verition Fund Management LLC · Multi-strategy$16m held before
Ownership through time
At least 6 of the 95 managers whose filings are on file listed SNAP in Q2 2026, against 16 in Q1 2017. 1 manager more than in Q1 2026: 3 listed it again; 2 no longer listed it among the positions read, which can mean a holding below the listed range or a filing not yet made.
Each manager’s largest 500 positions a quarter are read, so a small holding in a very large book can be missing, and a manager is counted as leaving only where its own filing shows it.
- Q1 2017: 16
- Q2 2017: 9
- Q3 2017: 8
- Q4 2017: 8
- Q1 2018: 11
- Q2 2018: 7
- Q3 2018: 4
- Q4 2018: 5
- Q1 2019: 13
- Q2 2019: 16
- Q3 2019: 18
- Q4 2019: 22
- Q1 2020: 19
- Q2 2020: 20
- Q3 2020: 18
- Q4 2020: 31
- Q1 2021: 30
- Q2 2021: 32
- Q3 2021: 28
- Q4 2021: 20
- Q1 2022: 24
- Q2 2022: 19
- Q3 2022: 16
- Q4 2022: 14
- Q1 2023: 18
- Q2 2023: 14
- Q3 2023: 14
- Q4 2023: 20
- Q1 2024: 17
- Q2 2024: 21
- Q3 2024: 10
- Q4 2024: 12
- Q1 2025: 10
- Q2 2025: 12
- Q3 2025: 14
- Q4 2025: 16
- Q1 2026: 5
- Q2 2026: 6
- Q1 2017: $2.4bn
- Q2 2017: $1.4bn
- Q3 2017: $1.2bn
- Q4 2017: $616m
- Q1 2018: $1.5bn
- Q2 2018: $732m
- Q3 2018: $395m
- Q4 2018: $320m
- Q1 2019: $875m
- Q2 2019: $876m
- Q3 2019: $1.5bn
- Q4 2019: $1.9bn
- Q1 2020: $1.8bn
- Q2 2020: $5.2bn
- Q3 2020: $5.9bn
- Q4 2020: $15.2bn
- Q1 2021: $16.0bn
- Q2 2021: $22.6bn
- Q3 2021: $25.4bn
- Q4 2021: $15.5bn
- Q1 2022: $12.4bn
- Q2 2022: $4.5bn
- Q3 2022: $2.7bn
- Q4 2022: $2.7bn
- Q1 2023: $3.4bn
- Q2 2023: $3.5bn
- Q3 2023: $2.9bn
- Q4 2023: $5.6bn
- Q1 2024: $3.2bn
- Q2 2024: $5.7bn
- Q3 2024: $3.2bn
- Q4 2024: $3.5bn
- Q1 2025: $2.8bn
- Q2 2025: $2.7bn
- Q3 2025: $2.1bn
- Q4 2025: $2.2bn
- Q1 2026: $180m
- Q2 2026: $218m
Between the quarter ends of Q1 2026 and Q2 2026. Each change in shares is valued at the Q2 2026 price, so the price’s own move is left out; a 13F shows the two quarter ends, not when in between anything was bought or sold.
Started in Q2 2026
No manager on file started a position.
Largest increases, by shares
- Two Sigma Investments LP13,007,250 to 20,408,453 shares+$33m
Largest decreases, by shares
- Acadian Asset Management LLC25,033,425 to 8,971,775 shares-$71m
Left it
No manager on file is shown leaving it.
| Manager | Value over time | First listed | Largest | Q2 2026 |
|---|---|---|---|---|
| Two Sigma Investments LP | Q2 2019 | $275m | $91m | |
| Renaissance Technologies LLC | Q4 2019 | $262m | $47m | |
| Acadian Asset Management LLC | Q1 2023 | $115m | $40m | |
| Voloridge Investment Management LLC | Q3 2019 | $127m | $33m | |
| ExodusPoint Capital Management LP | Q2 2019 | $93m | $7.2m | |
| PDT Partners LLC | Q3 2017 | $10m | $247k | |
| T. Rowe Price Associates Inc | Q1 2017 | $10.3bn | last listed Q4 2023 | |
| Fidelity (FMR LLC) | Q1 2017 | $4.6bn | last listed Q4 2025 | |
| Capital World Investors | Q1 2017 | $2.5bn | last listed Q4 2025 | |
| Lone Pine Capital LLC | Q1 2017 | $1.7bn | last listed Q1 2022 | |
| Janus Henderson Group Ltd | Q2 2020 | $1.6bn | last listed Q2 2022 | |
| Wellington Management Group LLP | Q2 2020 | $1.1bn | last listed Q2 2022 | |
| D. E. Shaw & Co. | Q1 2017 | $706m | last listed Q3 2025 | |
| Baillie Gifford & Co | Q2 2018 | $551m | last listed Q3 2023 | |
| Coatue Management LLC | Q1 2017 | $472m | last listed Q4 2022 | |
| Two Sigma Advisers LP | Q3 2019 | $389m | last listed Q4 2025 |
What SNAP is worth
Knowing who owns it is half the question. The other half is what it is worth against the companies it trades beside, which is the one an interviewer will follow up with.
Build the comp set around SNAP →How much of the picture this is
A Form 13F reports US-listed long equity and nothing else: no shorts, no bonds, no cash and no non-US listings. It arrives forty-five days after the quarter ends, so a manager who sold in July still shows the position in a filing published in August. This page reads the managers on file here rather than every filer in the market, and each manager’s largest positions rather than the whole table, so a small position in a very large book may not appear. Say “their last filing showed” rather than “they own”, and the distinction will do you credit.
What to do with a name the funds are buying
Knowing who owns something is the start of a pitch, not the pitch. The next questions are what it is worth and why they were buying.
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The holdings, every quarter, and the week between
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