SN

SNOW SNOWFLAKE INC

2026Q2 · CUSIP 833445109 · Cloud Computing Data & AI Software · Sector: Technology

Piling in

Net holder growth ranks near the top of the market

Funds that own it
1,467
Institutions that reported holding it to the SEC
Net increase in holders
+180
Last quarter 1,287 → now 1,467
How unusual is that
Top 1% in the market
Stronger buying than 99.0% of US stocks
What the filings say, in one paragraph

1,467 funds held SNOW at the end of 2026Q2, up 180 from the quarter before. That is stronger buying than 99.0% of US stocks — among the most piled-into names this quarter. On the business itself, revenue over the last 12 months was $5.4B(YoY +32.0%), return on equity is -50.7%. SNOW has had 15 buying rushes in its history, and the price moved -5.4% on average over the six months after (that is the raw price move, not how much it beat the market by). It sits in the Technology sector, tagged Cloud Computing / Data & AI Software.

How many funds owned it, quarter by quarter

Bars = net change in institutional holders, positive (green) or negative (red). Line = total institutional holders.

2020Q4: holders=463 2021Q1: holders=618 2021Q2: holders=679 2021Q3: holders=753 2021Q4: holders=934 2022Q1: holders=882 2022Q2: holders=859 2022Q3: holders=890 2022Q4: holders=896 2023Q1: holders=904 2023Q2: holders=974 2023Q3: holders=960 2023Q4: holders=1101 2024Q1: holders=1095 2024Q2: holders=1053 2024Q3: holders=982 2024Q4: holders=1120 2025Q1: holders=1155 2025Q2: holders=1303 2025Q3: holders=1346 2025Q4: holders=1400 2026Q1: holders=1287 2026Q2: holders=1467 -181 -90.5 +0 +90.5 +181 4169791541 20Q421Q221Q422Q222Q423Q223Q424Q224Q425Q225Q426Q2 Net change in holders (bars) Total funds holding (line)

What happened after each past buying rush 15 times in its history

Quarter of the rush How unusual then Price, next 3 months Price, next 6 months
2026Q2 Top 1% in the market — —
2025Q4 Top 10% -16.7% -6.8%
2025Q3 Top 10% -11.2% -29.1%
2025Q2 Top 1% in the market +21.3% +29.7%
2025Q1 Top 5% +24.0% +5.8%
2024Q4 Top 5% -18.0% -2.4%
2023Q4 Top 5% -34.3% -29.7%
2023Q2 Top 5% +1.0% +10.8%

These are the raw price moves, not how much it beat the market by. Compare them against the market over the same months — in a strong bull market almost everything is up.

Show all the numbers (large funds, value held, options…) ▾
Of them, large funds
359
Change in large funds
+50
Total value they hold
$70.2B
Funds buying for the first time
331
Funds that sold out entirely
151
Price change that quarter
+101.0%
Funds holding puts (bearish)
55
Funds holding calls (bullish)
70

These are for people who want to dig. Skip them if they do not mean anything to you — the three numbers above are enough.

Fundamentals

PE (TTM)
—
EPS (TTM)
$-3.18
EPS YoY
—
Revenue (TTM)
$5.4B
Revenue YoY
+32.0%
Net margin
-20.1%
ROE
-50.7%
Debt ratio
75.3%
FCF (TTM)
$1.2B
Dividend (TTM)
No dividend
Quarterly Revenue & EPS
2021-10-31: EPS -0.51 2022-01-31: EPS -0.41 2022-04-30: EPS -0.53 2022-07-31: EPS -0.70 2022-10-31: EPS -0.63 2023-01-31: EPS -0.64 2023-04-30: EPS -0.70 2023-07-31: EPS -0.69 2023-10-31: EPS -0.65 2024-01-31: EPS -0.51 2024-04-30: EPS -0.95 2024-07-31: EPS -0.95 2024-10-31: EPS -0.98 2025-01-31: EPS -0.98 2025-04-30: EPS -1.29 2025-07-31: EPS -0.89 2025-10-31: EPS -0.87 2026-01-31: EPS -0.90 2026-04-30: EPS -0.86 2026-07-31: EPS -0.55 0B 0.8B 1.5B $B -1.42 -0.71 0.00 202020212022202320242025202607/26 Revenue EPS

Quarterly figures, revenue up to 10 years back; EPS split-adjusted, early quarters hidden when not calibrable

Quarterly free cash flow
-47M359M765M 2020202120222023202420252026
Latest quarter $233M (2026-04-30)

FCF = operating cash flow − capex, computed from SEC XBRL; banks/insurers have no standard cash-flow structure and are hidden

As of 2026-07-31 · SEC filings (XBRL)

Email me the next update

2026 Q3 holdings are due 2026-11-16. We will email you when the refreshed lists are live.