The unanimous accumulation by active managers suggests a shared thesis around Snowflake's data cloud growth or upcoming earnings catalyst. Monitor next earnings for revenue acceleration and consumption-based revenue trends that could validate this positioning.
Executive Summary
Four institutional asset managers increased their Snowflake holdings in Q3 2026, with aggregate current positions of $379.3M and net buying of $230.1M. The largest move was Assenagon Asset Management doubling its stake to $268.4M. No tracked institutions reduced positions, indicating a consensus bullish view on Snowflake's data cloud platform.
Key Financial Metrics
Institutional Positions
Net institutional flow: $230.1M
▲ Buyers (4)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Assenagon Asset Management | DOUBLED | +134.5% | $268.4M | $182.6M |
| Robeco Institutional Asset Management B.v. | ADD | +28.9% | $100.5M | $42.1M |
| Td Waterhouse Canada | ADD | +57.8% | $10.4M | $5.4M |
| Mather Group | ADD | +98% | $34.0K | $21.0K |
Key Facts
- 4 tracked institutions accumulated $230.1M net in Snowflake during Q3 2026
- Assenagon Asset Management doubled its position to $268.4M (+$182.6M)
- Robeco Institutional Asset Management added 28.9% to $100.5M (+$42.1M)
- No tracked institutions sold or exited Snowflake in the quarter
- All buyers are active asset managers, not passive/index funds
Financial Impact
Four active asset managers accumulated $230.1M net in Snowflake, with total holdings reaching $379.3M. The largest single addition was Assenagon's $182.6M increase.
Risk Factors
- 13F data is 45+ days stale; positions may have been partially or fully unwound since quarter-end
- The cluster is relatively small (4 funds) and dominated by one large position (Assenagon at 71% of total holdings)
Investment Themes
Documents Analyzed
This report is based on 1 institutional 13F filing from SEC EDGAR.
| Document | Accession Number |
|---|---|
| INST-CLUSTER Data (Synthetic) | inst-cluster-SNOW-2026-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | Institutional Cluster | $332.93 | awaiting T+1 | — | — |
Oct 23, 2026 4d ago | Insider Cluster | $334.95 $337.42 | ▲ +0.74% | ▲ +0.18% | — |
Oct 20, 2026 7d ago | Institutional Cluster | $322.73 $313.96 | ▼ −2.72% | ▼ −1.54% | — |
Oct 19, 2026 8d ago | 144 | $315.35 $319.61 | ▼ −1.35% | ▼ −1.02% | — |
Oct 7, 2026 20d ago | 144 | $332.85 $343.40 | ▼ −3.17% | ▼ −3.59% | — |
Oct 2, 2026 25d ago | Insider Cluster | $338.99 $335.95 | ▲ +0.90% | ▲ +1.45% | — |
Oct 2, 2026 25d ago | 144 | $338.99 $335.95 | ▲ +0.90% | ▲ +1.45% | — |
Oct 2, 2026 25d ago | 8-K | $338.99 $335.95 | ▼ −0.90% | ▼ −1.45% | — |
Sep 24, 2026 4w ago | Insider Cluster | $335.94 $328.12 | ▲ +2.33% | ▲ +1.58% | — |
Sep 22, 2026 5w ago | Insider Cluster | $334.81 $334.00 | ▼ −0.24% | ▼ −0.16% | — |
US Market Status
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