Snap Inc - A (SNAP) Quarterly Institutional 13F Update (Q2 2026)

SNAP ranks #1047 out of 37501 tracked stocks by institutional interest — one of the most closely watched names in our coverage.

SNAP is a disclosed holding of Jane Street (Jane Street Group), one of the tracked superinvestors on AlphaSMO — it makes up 0.0% of that fund's own 13F portfolio.

SNAP is a top-conviction position for Irenic Capital Management LP — at 6.8% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.

The largest dollar stake in SNAP belongs to California State Teachers Retirement System, but the position matters far more to Irenic Capital Management LP, who has 6.8% of their own portfolio riding on it — a reminder that the biggest holder by size and the holder with the biggest bet aren't always the same fund.

BNP Paribas Financial Markets has added to its SNAP position for two straight quarters, increasing it by $27.2M to reach $28.1M today.

Fidelity has trimmed its SNAP position for two straight quarters, cutting it by $490.3M while still holding $295.3M.

SNAP is down 3.6% today, but institutions show net buying of $83.2M this quarter — a divergence between today's price move and the underlying institutional flow.

SNAP reported a net loss of $311.2M over the trailing twelve months.

• Not yet profitable — net loss of $311.2M over the trailing twelve months
• Revenue grew 12.6% year over year
• Net income improved year over year, from -$546.3M to -$311.2M
• Generated $656.2M in positive operating cash flow
• Current ratio of 3.56x — enough short-term assets to cover short-term liabilities
• Liabilities run 2.37x equity — a highly leveraged balance sheet worth noting