Asset Management One 13F: Adds $13M to Snowflake (SNOW) Stake
Key Points
- Asset Management One's stake in Snowflake increased to 178,986 shares, up about 26.8% from its previous total of 141,193 shares.
- The fund's reported value for this position is approximately $60.8 million, which represents 0.43% of its total 13F portfolio valued at about $13.98 billion.
- Snowflake's recent trading price is around $337.25, which is about equal to its closing price of $337.42 on the filing date.
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Asset Management One boosted its stake in Snowflake Inc. (SNOW) by 37,793 shares in a filing on October 27, 2026.
SNOW
Snowflake Inc.
What Changed in Asset Management One's Snowflake Position
Asset Management One added 37,793 shares to its position in Snowflake, marking a 26.8% increase from its previous total of 141,193 shares. The fund's reported value for this position is about $60.8 million, making it 0.43% of its overall portfolio.
Where Snowflake Fits in Asset Management One's Portfolio
Snowflake now ranks 33rd among Asset Management One's 940 reported positions. The increase in shares highlights a significant commitment to Snowflake, as the position is valued at nearly $60.8 million within the fund's overall $13.98 billion portfolio.
Other Institutional Activity in Snowflake
Jennison Associates LLC reduced its holdings in Snowflake by 823,901 shares, ending with 6,340,455 shares valued at about $2.14 billion.
Snowflake Inc. Stock Up 3.6%
As of October 28, 2026, Snowflake shares traded recently around $337.25, which is about equal to the closing price of $337.42 on October 27. The stock is currently above its 200-day moving average by 42.4%, but it remains below its 52-week high of $384.56.
Recent Earnings
Snowflake reported trailing twelve-month revenue of approximately $5.43 billion, with a year-over-year revenue growth of 35.1%. The next earnings report is scheduled for December 2, 2026.
Insider Buying and Selling at Snowflake Inc.
Several insiders sold shares recently. Benoit Dageville, a Director, sold 50,000 shares at an average price of $339.08 on September 23, 2026, totaling about $16.95 million. On October 19, 2026, another Director, Frank Slootman, sold 300,000 shares, valued at approximately $94.93 million.
Analysts Set New Price Targets
On September 3, 2026, JP Morgan maintained an Overweight rating on Snowflake with a price target of $426. Goldman Sachs also maintained a Buy rating with a target of $436 on September 4, 2026. The consensus among analysts is a strong buy, with a mean target price of $425.14.
About Snowflake
Snowflake Inc. provides a cloud-based data platform that helps organizations manage and analyze their data efficiently. The company enables users to consolidate data into a single source for insights and application development.
Bottom Line
Investors will be watching for Snowflake's next earnings report on December 2, 2026. The recent filing by Asset Management One shows a growing confidence in Snowflake's potential as part of its investment strategy.
Related Filing Alerts
Source: Asset Management One's 13F filing on $SNOW (Oct 27, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts