Snowflake (SNOW)
Market Price (10/23/2026): $312.83 | Market Cap: $109.3 BilSector: Information Technology | Industry: Application Software
Snowflake (SNOW)
Market Price (10/23/2026): $312.83Market Cap: $109.3 BilSector: Information TechnologyIndustry: Application Software
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 32% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 23%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 22% Stock buyback supportStock Buyback 3Y Total is 3.5 Bil Megatrend and thematic driversMegatrends include Cloud Computing, and Artificial Intelligence. Themes include Software as a Service (SaaS), Platform as a Service (PaaS), Show more. | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -1.2 Bil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -23% Expensive valuation multiplesP/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 87x Stock price has recently run up significantly6M Rtn6 month market price return is 114% Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 30% Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 95% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -5.1% Key risksSNOW key risks include [1] intense competition from major cloud providers and specialists like Databricks, Show more. |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 32% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 23%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 22% |
| Stock buyback supportStock Buyback 3Y Total is 3.5 Bil |
| Megatrend and thematic driversMegatrends include Cloud Computing, and Artificial Intelligence. Themes include Software as a Service (SaaS), Platform as a Service (PaaS), Show more. |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -1.2 Bil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -23% |
| Expensive valuation multiplesP/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 87x |
| Stock price has recently run up significantly6M Rtn6 month market price return is 114% |
| Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 30% |
| Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 95% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -5.1% |
| Key risksSNOW key risks include [1] intense competition from major cloud providers and specialists like Databricks, Show more. |
Qualitative Assessment
AI Analysis | Feedback
Snowflake (SNOW) stock has gained about 25% since 6/30/2026 because of the following key factors:
1. Exceptional Fiscal Q2 2027 Performance and Upgraded Full-Year Outlook.
Snowflake reported strong financial results for its fiscal Q2 2027, which ended July 31, 2026, significantly surpassing analyst expectations. The company announced earnings per share (EPS) of $0.62, beating the consensus estimate of $0.26 by 138.46%. Additionally, product revenue grew by 36% year-over-year to $6.07 billion, exceeding its own previous guidance of 31% growth. Following these results, management raised its fiscal 2027 product revenue growth outlook to 36%. This strong financial beat and improved guidance were major catalysts, leading to a 16.6% surge in the stock price the day after the September 2, 2026, earnings report.
2. Accelerating Adoption and Monetization of AI Capabilities.
Snowflake's strategic focus on the "AI Data Cloud" translated into tangible customer adoption and revenue uplift during the period. The company's CFO highlighted that approximately half of the fiscal Q2 2027 revenue beat was attributable to AI products. Snowflake reported that 9,100 customer accounts had adopted its AI coding assistant, Cortex Code, and over 5,000 had utilized the AI productivity tool, CoWork. Furthermore, these AI adoptions contributed an 11% uplift in core platform consumption, indicating that AI features are driving increased usage across its data platform.
Show more
Snowflake (SNOW) stock has gained about 25% since 6/30/2026 because of the following key factors:
1. Exceptional Fiscal Q2 2027 Performance and Upgraded Full-Year Outlook.
Snowflake reported strong financial results for its fiscal Q2 2027, which ended July 31, 2026, significantly surpassing analyst expectations. The company announced earnings per share (EPS) of $0.62, beating the consensus estimate of $0.26 by 138.46%. Additionally, product revenue grew by 36% year-over-year to $6.07 billion, exceeding its own previous guidance of 31% growth. Following these results, management raised its fiscal 2027 product revenue growth outlook to 36%. This strong financial beat and improved guidance were major catalysts, leading to a 16.6% surge in the stock price the day after the September 2, 2026, earnings report.
2. Accelerating Adoption and Monetization of AI Capabilities.
Snowflake's strategic focus on the "AI Data Cloud" translated into tangible customer adoption and revenue uplift during the period. The company's CFO highlighted that approximately half of the fiscal Q2 2027 revenue beat was attributable to AI products. Snowflake reported that 9,100 customer accounts had adopted its AI coding assistant, Cortex Code, and over 5,000 had utilized the AI productivity tool, CoWork. Furthermore, these AI adoptions contributed an 11% uplift in core platform consumption, indicating that AI features are driving increased usage across its data platform.
3. Strategic Product Enhancements and Key Partnerships Bolstering AI Ecosystem.
Snowflake continued to enhance its platform with new AI-focused features and forge strategic alliances, solidifying its market position. Key product advancements, such as the general availability of Semantic Studio and improvements to Dynamic Tables that support incremental refreshing after failover, were rolled out around September 2026, contributing to its AI capabilities. Moreover, Snowflake expanded its collaboration with the London Stock Exchange Group (LSEG) on September 30, 2026, to integrate trusted financial data with cloud-native AI workflows, enhancing its ecosystem and market reach.
Show less
Stock Movement Drivers
Fundamental Drivers
The 23.4% change in SNOW stock from 6/30/2026 to 10/22/2026 was primarily driven by a 15.5% change in the company's P/S Multiple.| (LTM values as of) | 6302026 | 10222026 | Change |
|---|---|---|---|
| Stock Price ($) | 254.50 | 313.96 | 23.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 5,033 | 5,435 | 8.0% |
| P/S Multiple | 17.5 | 20.2 | 15.5% |
| Shares Outstanding (Mil) | 345 | 349 | -1.1% |
| Cumulative Contribution | 23.4% |
Market Drivers
6/30/2026 to 10/22/2026| Return | Correlation | |
|---|---|---|
| SNOW | 23.4% | |
| Market (SPY) | 2.3% | 44.4% |
| Sector (XLK) | -4.3% | 38.5% |
Fundamental Drivers
The 108.2% change in SNOW stock from 3/31/2026 to 10/22/2026 was primarily driven by a 83.0% change in the company's P/S Multiple.| (LTM values as of) | 3312026 | 10222026 | Change |
|---|---|---|---|
| Stock Price ($) | 150.82 | 313.96 | 108.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 4,684 | 5,435 | 16.0% |
| P/S Multiple | 11.0 | 20.2 | 83.0% |
| Shares Outstanding (Mil) | 342 | 349 | -2.0% |
| Cumulative Contribution | 108.2% |
Market Drivers
3/31/2026 to 10/22/2026| Return | Correlation | |
|---|---|---|
| SNOW | 108.2% | |
| Market (SPY) | 17.8% | 19.3% |
| Sector (XLK) | 37.4% | 20.9% |
Fundamental Drivers
The 39.2% change in SNOW stock from 9/30/2025 to 10/22/2026 was primarily driven by a 32.0% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 9302025 | 10222026 | Change |
|---|---|---|---|
| Stock Price ($) | 225.55 | 313.96 | 39.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 4,116 | 5,435 | 32.0% |
| P/S Multiple | 18.4 | 20.2 | 9.8% |
| Shares Outstanding (Mil) | 335 | 349 | -4.0% |
| Cumulative Contribution | 39.2% |
Market Drivers
9/30/2025 to 10/22/2026| Return | Correlation | |
|---|---|---|
| SNOW | 39.2% | |
| Market (SPY) | 15.6% | 28.1% |
| Sector (XLK) | 29.9% | 31.5% |
Fundamental Drivers
The 105.5% change in SNOW stock from 9/30/2023 to 10/22/2026 was primarily driven by a 122.4% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 9302023 | 10222026 | Change |
|---|---|---|---|
| Stock Price ($) | 152.77 | 313.96 | 105.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,444 | 5,435 | 122.4% |
| P/S Multiple | 20.5 | 20.2 | -1.4% |
| Shares Outstanding (Mil) | 327 | 349 | -6.3% |
| Cumulative Contribution | 105.5% |
Market Drivers
9/30/2023 to 10/22/2026| Return | Correlation | |
|---|---|---|
| SNOW | 105.5% | |
| Market (SPY) | 84.8% | 40.6% |
| Sector (XLK) | 126.4% | 42.0% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| SNOW Return | 20% | -58% | 39% | -22% | 42% | 47% | 15% |
| Peers Return | 27% | -37% | 79% | 99% | 48% | 2% | 330% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 104% |
Monthly Win Rates [3] | |||||||
| SNOW Win Rate | 50% | 33% | 50% | 17% | 50% | 40% | |
| Peers Win Rate | 60% | 30% | 68% | 65% | 57% | 48% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| SNOW Max Drawdown | -40% | -67% | -26% | -54% | -32% | -48% | |
| Peers Max Drawdown | -20% | -46% | -20% | -19% | -33% | -32% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: MSFT, AMZN, GOOGL, ORCL, PLTR. See SNOW Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 10/22/2026 (YTD)
How Low Can It Go
| Event | SNOW | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -30.0% | -18.8% |
| % Gain to Breakeven | 42.9% | 23.1% |
| Time to Breakeven | 48 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -18.1% | -7.8% |
| % Gain to Breakeven | 22.1% | 8.5% |
| Time to Breakeven | 108 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -21.4% | -9.5% |
| % Gain to Breakeven | 27.3% | 10.5% |
| Time to Breakeven | 35 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -18.8% | -6.7% |
| % Gain to Breakeven | 23.2% | 7.1% |
| Time to Breakeven | 60 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -65.9% | -24.5% |
| % Gain to Breakeven | 193.0% | 32.4% |
| Time to Breakeven | 1519 days | 427 days |
In The Past
Snowflake's stock fell -30.0% during the 2025 US Tariff Shock. Such a loss loss requires a 42.9% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
| Event | SNOW | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -30.0% | -18.8% |
| % Gain to Breakeven | 42.9% | 23.1% |
| Time to Breakeven | 48 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -21.4% | -9.5% |
| % Gain to Breakeven | 27.3% | 10.5% |
| Time to Breakeven | 35 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -65.9% | -24.5% |
| % Gain to Breakeven | 193.0% | 32.4% |
| Time to Breakeven | 1519 days | 427 days |
In The Past
Snowflake's stock fell -30.0% during the 2025 US Tariff Shock. Such a loss loss requires a 42.9% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Snowflake (SNOW)
Snowflake Inc. (SNOW) provides a sophisticated cloud-based data platform known as the Data Cloud. This core offering is designed to help businesses consolidate their vast amounts of data into a single, unified source. By centralizing data, Snowflake enables its customers to overcome data silos and establish a comprehensive foundation for advanced analytics and strategic decision-making.
The primary function of Snowflake's platform is to empower organizations to drive meaningful business insights, build powerful data-driven applications, and facilitate secure data sharing. The company serves a diverse range of customers, including organizations of all sizes across various industries, both domestically and internationally. Essentially, Snowflake provides the critical infrastructure for businesses to effectively manage, analyze, and leverage their data to improve operational efficiency and foster innovation.
AI Analysis | Feedback
1. The Oracle of the cloud.
2. Salesforce for all your company's data.
AI Analysis | Feedback
- Data Cloud: A cloud-based platform that enables customers to consolidate data into a single source of truth to drive business insights, build data-driven applications, and share data.
AI Analysis | Feedback
Snowflake primarily sells its cloud-based data platform to other companies. Major customers include:
- Adobe (ADBE)
- Capital One (COF)
- Expedia Group (EXPE)
- Warner Bros. Discovery (WBD)
- Salesforce (CRM)
AI Analysis | Feedback
- Amazon Web Services (AWS) - Amazon.com, Inc. (AMZN)
- Microsoft Azure - Microsoft Corporation (MSFT)
- Google Cloud Platform (GCP) - Alphabet Inc. (GOOGL)
AI Analysis | Feedback
Sridhar Ramaswamy was appointed CEO of Snowflake in February 2024, succeeding Frank Slootman. He joined Snowflake in May 2023 with the company's acquisition of Neeva, an AI-powered search engine that he co-founded in 2019. Before Neeva, Ramaswamy spent over 15 years at Google, where he served as Senior Vice President of Ads & Commerce and was instrumental in growing Google's advertising business from $1.5 billion to over $100 billion. He also held research positions at Bell Labs, Lucent Technologies, and Bell Communications Research (Bellcore), and was a Venture Partner at Greylock Partners.
Mike Scarpelli, Chief Financial OfficerMike Scarpelli has served as Snowflake's Chief Financial Officer since August 2019. Prior to joining Snowflake, he served as CFO at ServiceNow from 2011 to 2019, guiding the company through its IPO. Earlier in his career, Scarpelli was the CFO of Data Domain for three years, where he led the company through its IPO in 2007 and its subsequent acquisition by EMC in 2009 for $2.4 billion. He has a track record of leading multiple companies through successful IPOs and acquisitions. Scarpelli began his career in public accounting at Coopers and Lybrand and also served as CFO of HPL Technologies, Inc.
Frank Slootman, Chairman of the BoardFrank Slootman became the Chairman of the Board for Snowflake in February 2024, after serving as CEO from 2019. He led Snowflake through its blockbuster IPO in 2020. Slootman is recognized for growing companies founded by others and has successfully taken three companies public. Before Snowflake, he was CEO of ServiceNow from 2011 to 2017, taking it public in 2012. From 2003 to 2009, he was CEO of Data Domain, which he took public in 2007 and sold to EMC for $1.8 billion or $2.4 billion.
Benoit Dageville, Co-Founder & Chief Architect, President of ProductBenoit Dageville is a Co-Founder of Snowflake and currently serves as its Chief Architect and President of Product. He has been a member of Snowflake's board of directors since August 2012. Before co-founding Snowflake, Dageville held various engineering roles at Oracle Corporation, including Architect in the Manageability Group from 2002 to 2012.
Christian Kleinerman, Executive Vice President of ProductChristian Kleinerman is the Executive Vice President of Product at Snowflake, having joined the company in 2018. He is a database expert with over 20 years of experience. Prior to Snowflake, Kleinerman worked at Google, where he led YouTube's infrastructure and data systems. He also served as General Manager of the Data Warehousing product unit at Microsoft.
AI Analysis | Feedback
Here are the key risks to Snowflake's business:
- Intense Competition: Snowflake operates in a highly competitive market for cloud-based data platforms. The company faces significant competition from major cloud providers like Amazon Web Services (AWS), Google Cloud, and Microsoft Azure, which offer their own integrated data warehousing and analytics solutions. Additionally, specialized data platform companies such as Databricks pose a direct threat, particularly in areas like machine learning and AI workloads. This intense competition can lead to pricing pressures, the need for continuous and substantial investment in innovation, and potential erosion of market share.
- Volatility of Consumption-Based Revenue Model: Snowflake's revenue is predominantly generated through a consumption-based model, meaning its financial performance is directly tied to customer usage of its Data Cloud platform. While this model can align costs with value for customers, it also makes Snowflake's revenue highly sensitive to customer optimization efforts and broader macroeconomic spending slowdowns. The company has experienced a deceleration in its product revenue growth rate, and forecasting future results remains challenging due to a limited operating history and external economic factors. Snowflake has also historically reported operating losses and may face challenges in achieving or sustaining profitability.
- Security and Data Breach Risks: As a cloud-based data platform, Snowflake is inherently exposed to cybersecurity threats, including unauthorized access to customer data. Recent high-profile incidents have highlighted vulnerabilities arising from compromised customer credentials and the absence of multi-factor authentication (MFA) on customer accounts, leading to the exposure of sensitive data for numerous organizations. Although Snowflake has stated that these incidents were not due to a breach of its own system or platform vulnerabilities, such events can severely damage the company's reputation, reduce demand for its platform, and result in significant liabilities and potential customer churn.
AI Analysis | Feedback
Intensified competition from hyperscale cloud providers' native data and artificial intelligence (AI) services.
AI Analysis | Feedback
Snowflake (SNOW) operates within significant and expanding addressable markets, primarily driven by its cloud-based data platform.
- In 2020, Snowflake's total addressable market (TAM) for its Cloud Data Platform was estimated at $81 billion. This expanded significantly, tripling to $248 billion within 2.5 years, as of March 2023.
- More recently, in December 2025, Snowflake's overall market opportunity was projected to increase from $170 billion to over $350 billion within five years.
- The broader data cloud market, where Snowflake's Data Cloud platform is a key player, is projected to reach $1 trillion globally by 2028.
- Specifically, the global cloud data warehouse market is anticipated to grow from $36.31 billion in 2025 to $155.66 billion by 2034, exhibiting a compound annual growth rate (CAGR) of 17.55%.
These market size estimates are generally global, as no specific regional limitations were indicated in the provided data, with the "global cloud data warehouse market" explicitly stated.
AI Analysis | Feedback
Here are the expected drivers of future revenue growth for Snowflake (SNOW) over the next 2-3 years:
- Expansion of AI Portfolio: Snowflake's growing suite of AI-driven products and services, including Snowflake Intelligence, Cortex Code, and Snowflake Arctic, is a primary driver of future revenue. These offerings are accelerating enterprise adoption of AI agent capabilities and the development and deployment of AI-powered applications. Snowflake Intelligence, providing enterprise-grade agent capabilities, scaled rapidly to over 2,500 accounts in Q4 FY26, nearly doubling quarter-over-quarter. Cortex Code, a coding agent, is being utilized by over 4,400 customers to accelerate AI application development.
- Customer Acquisition and Expansion: The company continues to demonstrate strong growth in its customer base and increased spending from existing clients. Snowflake added 740 net new customers in Q4 FY26, marking a 40% year-over-year increase, and reported a healthy net revenue retention rate of 125%. Furthermore, the number of customers spending over $1 million annually grew by 27% year-over-year to 733, with 56 customers now spending over $10 million annually, up 56% year-over-year.
- Strategic Product Development and Innovation: Snowflake is consistently enhancing its platform through continuous product innovation and strategic acquisitions. Key innovations like Iceberg, Snowpark container services, and hybrid tables are designed to fuel future revenue growth by expanding capabilities and strengthening its competitive advantage. Strategic acquisitions, such as Crunchy Data for PostgreSQL expansion and Observe and TensorStax for observability and AI-driven data engineering, further integrate advanced features into the platform.
- Multi-Cloud Strategy and Strategic Partnerships: Snowflake's robust multi-cloud strategy, enabling seamless operations across major public clouds like AWS, Azure, and Google Cloud, offers significant flexibility and helps businesses avoid vendor lock-in. Additionally, strategic partnerships with leading AI companies such as OpenAI, Anthropic, and Google Cloud are expanding its ecosystem and market reach, facilitating seamless data integration and broadening the availability of models for users.
AI Analysis | Feedback
Share Repurchases
- Snowflake announced a $2 billion stock repurchase program in June 2023.
- During the fiscal year ending January 31, 2025, Snowflake repurchased 14.8 million shares for $1.9 billion, under an authorized program of up to $4.5 billion, with $2.0 billion remaining available.
- From August 1, 2025, to October 31, 2025, the company completed repurchases of 23,034,000 shares for $3,247.59 million under a buyback plan announced on March 1, 2023.
Outbound Investments
- Snowflake acquired Neeva in Q1 FY2024, adding 40 employees, primarily in research and development, to integrate search capabilities with generative AI across the Data Cloud.
- The company has also made acquisitions such as Applica to enhance its AI capabilities.
Capital Expenditures
- Snowflake's capital expenditures for the fiscal year ending January 2026 peaked at $101.6 million.
- Annual capital expenditures were $97.963 million in 2024 and $75.712 million in 2025.
- The company had aggressively spent on purchasing GPUs for AI capabilities, with R&D expenses surging to $1.28 billion in Fiscal 2024, but plans to slow down AI investments until previous investments yield revenue growth.
Peer Outperformance in Application Software
| Ticker | Name | Rev Growth 3Y Avg | P/E | 1Y | 3Y | 5Y | 5Y Gap |
|---|---|---|---|---|---|---|---|
| SNOW | Snowflake | 30.5% | -100.5x | 29.9% | 111.3% | -7.6% | — |
| DDOG | Datadog | 27.9% | 517.1x | 67.1% | 200.8% | 58.7% | +66pp |
| GRND | Grindr | 31.9% | 26.1x | 10.2% | 140.6% | 39.4% | +47pp |
| SHOP | Shopify | 28.2% | 113.4x | 4.2% | 231.0% | 18.4% | +26pp |
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Electronic Manufacturing Services | 10 | 28.0% | 131.9% | 209.6% | FLEX 459% · TTMI 450% · JBL 341% |
| Technology Distributors | 9 | 42.9% | 86.4% | 81.7% | AVT 165% · SNX 151% · CNXN 115% |
| Communications Equipment | 36 | 2.6% | 107.5% | 68.2% | AAOI 808% · LITE 795% · ANET 601% |
| Semiconductor Materials & Equipment | 28 | 45.4% | 65.1% | 60.7% | AXTI 504% · KLAC 352% · LRCX 335% |
| Electronic Components | 26 | -0.7% | 67.4% | 39.5% | CLS 2780% · BELFA 1108% · APH 285% |
| Semiconductors | 54 | 4.2% | 34.9% | 26.6% | MU 1199% · NVDA 838% · AVGO 585% |
| Technology Hardware, Storage & Peripherals | 21 | 17.3% | 76.1% | 21.4% | SMCI 855% · DELL 765% · STX 748% |
| Electronic Equipment & Instruments | 27 | -13.5% | 26.9% | -7.5% | PI 196% · OSIS 111% · CXT 78% |
| Internet Services & Infrastructure | 6 | 4.3% | 53.0% | -8.8% | GDDY 65% · VRSN 42% · DOCN -2% |
| IT Consulting & Other Services | 29 | -20.8% | 4.1% | -19.2% | CHRN 406742% · APLD 315% · ADEA 151% |
| Application Software ← | 126 | -19.1% | -8.3% | -44.4% | PLTR 703% · FROG 166% · AGYS 132% |
| Systems Software | 69 | -10.8% | 35.0% | -53.8% | ZETA 310% · CRWD 236% · FTNT 158% |
Latest Trefis Analyses
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 281.90 |
| Mkt Cap | 2,702.7 |
| Rev LTM | 331,839 |
| Op Inc LTM | 93,712 |
| FCF LTM | 3,358 |
| FCF 3Y Avg | 16,732 |
| CFO LTM | 161,403 |
| CFO 3Y Avg | 130,164 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 20.1% |
| Rev Chg 3Y Avg | 16.1% |
| Rev Chg Q | 24.2% |
| QoQ Delta Rev Chg LTM | 5.5% |
| Op Inc Chg LTM | 21.6% |
| Op Inc Chg 3Y Avg | 25.6% |
| Op Mgn LTM | 33.1% |
| Op Mgn 3Y Avg | 23.7% |
| QoQ Delta Op Mgn LTM | 0.6% |
| CFO/Rev LTM | 41.6% |
| CFO/Rev 3Y Avg | 36.5% |
| FCF/Rev LTM | 20.2% |
| FCF/Rev 3Y Avg | 21.7% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 2,702.7 |
| P/S | 11.7 |
| P/Op Inc | 26.7 |
| P/EBIT | 15.1 |
| P/E | 20.0 |
| P/CFO | 21.2 |
| Total Yield | 4.1% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 1.4% |
| D/E | 0.0 |
| Net D/E | -0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -4.3% |
| 3M Rtn | 12.7% |
| 6M Rtn | 12.2% |
| 12M Rtn | 13.8% |
| 3Y Rtn | 104.4% |
| 1M Excs Rtn | -1.1% |
| 3M Excs Rtn | 9.6% |
| 6M Excs Rtn | 4.4% |
| 12M Excs Rtn | -2.9% |
| 3Y Excs Rtn | 18.5% |
Comparison Analyses
Price Behavior
| Market Price | $313.96 | |
| Market Cap ($ Bil) | 109.7 | |
| First Trading Date | 09/16/2020 | |
| Distance from 52W High | -14.9% | |
| 50 Days | 200 Days | |
| DMA Price | $331.91 | $235.83 |
| DMA Trend | up | up |
| Distance from DMA | -5.4% | 33.1% |
| 3M | 1YR | |
| Volatility | 54.9% | 65.8% |
| Downside Capture | 200.89 | 143.81 |
| Upside Capture | 241.34 | 147.80 |
| Correlation (S&P 500) | 47.3% | 27.2% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 3.02 | 2.77 | 1.69 | 0.94 | 1.32 | 1.50 |
| Up Beta | 6.76 | 3.60 | 3.30 | 0.94 | 1.02 | 1.25 |
| Down Beta | 2.60 | 2.19 | -0.56 | -0.30 | 0.79 | 1.41 |
| Up Capture | 294% | 313% | 243% | 241% | 242% | 613% |
| Bmk +ve Days | 6 | 16 | 27 | 66 | 132 | 424 |
| Stock +ve Days | 9 | 19 | 30 | 63 | 128 | 398 |
| Down Capture | 182% | 182% | 70% | 28% | 127% | 110% |
| Bmk -ve Days | 16 | 26 | 37 | 60 | 120 | 328 |
| Stock -ve Days | 13 | 23 | 34 | 63 | 124 | 353 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SNOW | |
|---|---|---|---|---|
| SNOW | 27.0% | 65.8% | 0.60 | - |
| Sector ETF (XLK) | 27.1% | 26.7% | 0.86 | 30.0% |
| Equity (SPY) | 14.8% | 12.7% | 0.80 | 26.9% |
| Gold (GLD) | -2.2% | 28.4% | -0.09 | 9.4% |
| Commodities (DBC) | 52.1% | 20.7% | 1.91 | 0.8% |
| Real Estate (VNQ) | 4.7% | 13.9% | 0.08 | -1.3% |
| Bitcoin (BTCUSD) | -22.4% | 43.4% | -0.47 | 25.6% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SNOW | |
|---|---|---|---|---|
| SNOW | -1.9% | 62.5% | 0.21 | - |
| Sector ETF (XLK) | 19.6% | 26.0% | 0.67 | 50.6% |
| Equity (SPY) | 13.0% | 17.1% | 0.57 | 49.2% |
| Gold (GLD) | 17.1% | 18.9% | 0.72 | 6.4% |
| Commodities (DBC) | 9.3% | 19.5% | 0.36 | 6.1% |
| Real Estate (VNQ) | 1.1% | 18.9% | -0.05 | 29.0% |
| Bitcoin (BTCUSD) | 8.0% | 51.7% | 0.33 | 29.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SNOW | |
|---|---|---|---|---|
| SNOW | 1.8% | 62.0% | 0.30 | - |
| Sector ETF (XLK) | 23.9% | 25.1% | 0.86 | 48.8% |
| Equity (SPY) | 15.4% | 17.9% | 0.73 | 46.3% |
| Gold (GLD) | 11.9% | 16.4% | 0.59 | 7.6% |
| Commodities (DBC) | 8.3% | 18.1% | 0.37 | 7.7% |
| Real Estate (VNQ) | 5.2% | 20.7% | 0.21 | 26.6% |
| Bitcoin (BTCUSD) | 63.0% | 66.2% | 1.03 | 23.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 10/6/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 9/2/2026 | 16.6% | 7.8% | 11.5% |
| 5/27/2026 | 36.5% | 37.7% | 42.1% |
| 2/25/2026 | 5.1% | 2.9% | -0.3% |
| 12/3/2025 | 2.0% | -14.3% | -13.6% |
| 8/27/2025 | 20.3% | 10.7% | 12.1% |
| 5/21/2025 | 13.4% | 12.9% | 19.3% |
| 2/26/2025 | 1.2% | 5.7% | -2.7% |
| 11/20/2024 | -0.9% | 31.5% | 26.1% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 14 | 15 | 12 |
| # Negative | 10 | 9 | 12 |
| Median Positive | 4.9% | 7.8% | 11.6% |
| Median Negative | -5.3% | -14.3% | -11.5% |
| Max Positive | 36.5% | 37.7% | 42.1% |
| Max Negative | -16.5% | -28.3% | -31.6% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 9/2/2026 | 16.6% | 7.8% | 11.5% |
| 5/27/2026 | 36.5% | 37.7% | 42.1% |
| 2/25/2026 | 5.1% | 2.9% | -0.3% |
| 12/3/2025 | 2.0% | -14.3% | -13.6% |
| 8/27/2025 | 20.3% | 10.7% | 12.1% |
| 5/21/2025 | 13.4% | 12.9% | 19.3% |
| 2/26/2025 | 1.2% | 5.7% | -2.7% |
| 11/20/2024 | -0.9% | 31.5% | 26.1% |
| 8/21/2024 | -14.7% | -17.4% | -18.4% |
| 5/22/2024 | -5.4% | -13.7% | -23.6% |
| 2/28/2024 | -1.7% | -28.3% | -31.6% |
| 11/29/2023 | 2.2% | 8.5% | 17.3% |
| 8/23/2023 | -5.2% | -0.2% | -3.9% |
| 5/24/2023 | -16.5% | -5.6% | -4.1% |
| 3/1/2023 | 0.1% | -7.7% | -11.0% |
| 11/30/2022 | 4.6% | 0.1% | 4.3% |
| 8/24/2022 | 23.1% | 13.5% | 7.9% |
| 5/25/2022 | -4.5% | 4.1% | 11.6% |
| 3/2/2022 | 0.6% | -27.2% | -12.0% |
| 12/1/2021 | -8.6% | 6.8% | 0.1% |
| 8/25/2021 | 7.6% | 6.1% | 11.5% |
| 5/26/2021 | 4.2% | 1.4% | 5.0% |
| 3/3/2021 | -8.7% | -15.0% | -15.3% |
| 12/2/2020 | -4.2% | 27.6% | -7.9% |
| SUMMARY STATS | |||
| # Positive | 14 | 15 | 12 |
| # Negative | 10 | 9 | 12 |
| Median Positive | 4.9% | 7.8% | 11.6% |
| Median Negative | -5.3% | -14.3% | -11.5% |
| Max Positive | 36.5% | 37.7% | 42.1% |
| Max Negative | -16.5% | -28.3% | -31.6% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 07/31/2026 | 09/04/2026 | 10-Q |
| 04/30/2026 | 05/29/2026 | 10-Q |
| 01/31/2026 | 03/20/2026 | 10-K |
| 10/31/2025 | 12/05/2025 | 10-Q |
| 07/31/2025 | 09/05/2025 | 10-Q |
| 04/30/2025 | 05/30/2025 | 10-Q |
| 01/31/2025 | 03/21/2025 | 10-K |
| 10/31/2024 | 11/27/2024 | 10-Q |
| 07/31/2024 | 08/29/2024 | 10-Q |
| 04/30/2024 | 05/31/2024 | 10-Q |
| 01/31/2024 | 03/26/2024 | 10-K |
| 10/31/2023 | 12/01/2023 | 10-Q |
| 07/31/2023 | 08/31/2023 | 10-Q |
| 04/30/2023 | 06/02/2023 | 10-Q |
| 01/31/2023 | 03/29/2023 | 10-K |
| 10/31/2022 | 12/02/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 07/31/2026 | 09/04/2026 | 10-Q |
| 04/30/2026 | 05/29/2026 | 10-Q |
| 01/31/2026 | 03/20/2026 | 10-K |
| 10/31/2025 | 12/05/2025 | 10-Q |
| 07/31/2025 | 09/05/2025 | 10-Q |
| 04/30/2025 | 05/30/2025 | 10-Q |
| 01/31/2025 | 03/21/2025 | 10-K |
| 10/31/2024 | 11/27/2024 | 10-Q |
| 07/31/2024 | 08/29/2024 | 10-Q |
| 04/30/2024 | 05/31/2024 | 10-Q |
| 01/31/2024 | 03/26/2024 | 10-K |
| 10/31/2023 | 12/01/2023 | 10-Q |
| 07/31/2023 | 08/31/2023 | 10-Q |
| 04/30/2023 | 06/02/2023 | 10-Q |
| 01/31/2023 | 03/29/2023 | 10-K |
| 10/31/2022 | 12/02/2022 | 10-Q |
| 07/31/2022 | 09/01/2022 | 10-Q |
| 04/30/2022 | 06/03/2022 | 10-Q |
| 01/31/2022 | 03/30/2022 | 10-K |
| 10/31/2021 | 12/03/2021 | 10-Q |
| 07/31/2021 | 09/02/2021 | 10-Q |
| 04/30/2021 | 06/04/2021 | 10-Q |
| 01/31/2021 | 03/31/2021 | 10-K |
| 10/31/2020 | 12/03/2020 | 10-Q |
| 07/31/2020 | 09/16/2020 | 424B4 |
Recent Forward Guidance
Updated 10/4/2026Latest: Q2 2027 Earnings Reported 9/2/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q3 2027 Product Revenue | Reported | 1.59 Bil | 1.59 Bil | 1.59 Bil | ||||
| Q3 2027 Non-GAAP Operating Margin | Reported | 15.5% | ||||||
| 2027 Product Revenue | Reported | 6.07 Bil | 3.9% | Raised | Guidance: 5.84 Bil for 2027 | |||
| 2027 Non-GAAP Product Gross Margin | Reported | 74.0% | -1.0% | Lowered | Guidance: 75.0% for 2027 | |||
| 2027 Non-GAAP Operating Margin | Reported | 14.5% | 1.0% | Raised | Guidance: 13.5% for 2027 | |||
| 2027 Non-GAAP Adjusted Free Cash Flow Margin | Reported | 23.0% | 0.0% | Affirmed | Guidance: 23.0% for 2027 | |||
Prior: Q1 2027 Earnings Reported 5/27/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q2 2027 Weighted-average shares | Reported | 375.00 Mil | ||||||
| Q2 2027 Product Revenue | Reported | 1.42 Bil | 1.42 Bil | 1.42 Bil | ||||
| Q2 2027 Non-GAAP Operating Margin | Reported | 12.5% | ||||||
| 2027 Weighted-average shares | Reported | 376.00 Mil | ||||||
| 2027 Product Revenue | Reported | 5.84 Bil | 3.2% | Raised | Guidance: 5.66 Bil for 2027 | |||
| 2027 Non-GAAP Product Gross Margin | Reported | 75.0% | ||||||
| 2027 Non-GAAP Operating Margin | Reported | 13.5% | 1.0% | Raised | Guidance: 12.5% for 2027 | |||
| 2027 Non-GAAP Adjusted Free Cash Flow Margin | Reported | 23.0% | 0.0% | Affirmed | Guidance: 23.0% for 2027 | |||
Q4 2026 Earnings Reported 2/25/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q1 2027 Product Revenue | Reported | 1.26 Bil | 1.26 Bil | 1.27 Bil | 5.6% | Higher New | Actual: 1.20 Bil for Q4 2026 | |
| Q1 2027 Non-GAAP product gross profit margin | Reported | 75.0% | ||||||
| Q1 2027 Non-GAAP operating income margin | Reported | 9.0% | 2.0% | Higher New | Actual: 7.0% for Q4 2026 | |||
| 2027 Product Revenue | Reported | 5.66 Bil | 27.3% | Higher New | Actual: 4.45 Bil for 2026 | |||
| 2027 Non-GAAP operating income margin | Reported | 12.5% | 3.5% | Higher New | Actual: 9.0% for 2026 | |||
| 2027 Non-GAAP adjusted free cash flow margin | Reported | 23.0% | -2.0% | Lower New | Actual: 25.0% for 2026 | |||
Q3 2026 Earnings Reported 12/3/2025
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q4 2026 Product Revenue | Reported | 1.20 Bil | 1.20 Bil | 1.20 Bil | 6.2% | Higher New | Actual: 1.13 Bil for Q3 2026 | |
| Q4 2026 Operating Income Margin | Reported | 7.0% | -2.0% | Lower New | Actual: 9.0% for Q3 2026 | |||
| 2026 Product Revenue | Reported | 4.45 Bil | 1.2% | Raised | Guidance: 4.39 Bil for 2026 | |||
| 2026 Product Gross Profit Margin | Reported | 75.0% | 0 | Affirmed | Guidance: 75.0% for 2026 | |||
| 2026 Operating Income Margin | Reported | 9.0% | 0 | Affirmed | Guidance: 9.0% for 2026 | |||
| 2026 Adjusted Free Cash Flow Margin | Reported | 25.0% | 0 | Affirmed | Guidance: 25.0% for 2026 | |||
Insider Activity
Updated 10/21/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Slootman, Frank | Direct | Sell | 10212026 | 316.43 | 300,000 | 94,930,176 | 6,019,839 | Form | |
| 2 | Dageville, Benoit | Trust | Sell | 10082026 | 333.42 | 50,000 | 16,671,000 | 795,166,356 | Form | |
| 3 | Speiser, Michael L | Direct | Sell | 10022026 | 344.00 | 403 | 138,632 | 7,487,848 | Form | |
| 4 | Speiser, Michael L | Ltd Partnership | Sell | 10022026 | 344.00 | 12,973 | 4,462,712 | 129,413,144 | Form | |
| 5 | Speiser, Michael L | Trust (AMS-21) | Sell | 10022026 | 344.00 | 840 | 288,960 | 8,378,464 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Slootman, Frank | Direct | Sell | 10212026 | 316.43 | 300,000 | 94,930,176 | 6,019,839 | Form | |
| 2 | Dageville, Benoit | Trust | Sell | 10082026 | 333.42 | 50,000 | 16,671,000 | 795,166,356 | Form | |
| 3 | Speiser, Michael L | Direct | Sell | 10022026 | 344.00 | 403 | 138,632 | 7,487,848 | Form | |
| 4 | Speiser, Michael L | Ltd Partnership | Sell | 10022026 | 344.00 | 12,973 | 4,462,712 | 129,413,144 | Form | |
| 5 | Speiser, Michael L | Trust (AMS-21) | Sell | 10022026 | 344.00 | 840 | 288,960 | 8,378,464 | Form | |
| 6 | Speiser, Michael L | Trust (WWS-21) | Sell | 10022026 | 344.00 | 840 | 288,960 | 8,378,464 | Form | |
| 7 | Speiser, Michael L | Trust (LES-21) | Sell | 10022026 | 344.00 | 840 | 288,960 | 8,378,464 | Form | |
| 8 | Speiser, Michael L | Trust (ESS-21) | Sell | 10022026 | 344.00 | 840 | 288,960 | 8,378,464 | Form | |
| 9 | Speiser, Michael L | Trust (Rev Tr) | Sell | 10022026 | 344.00 | 34,005 | 11,697,720 | 391,382,904 | Form | |
| 10 | Kleinerman, Christian | EVP, Product Management | Direct | Sell | 10022026 | 341.57 | 15,000 | 5,123,550 | 107,163,489 | Form |
| 11 | Dageville, Benoit | Trust | Sell | 9242026 | 339.08 | 50,000 | 16,954,000 | 825,618,771 | Form | |
| 12 | Beaulier, Jonathan Mead | Chief Revenue Officer | Direct | Sell | 9242026 | 336.36 | 755 | 253,953 | 71,180,590 | Form |
| 13 | Kleinerman, Christian | EVP, Product Management | Direct | Sell | 9222026 | 344.50 | 2,622 | 903,279 | 113,250,241 | Form |
| 14 | Slootman, Frank | Direct | Sell | 9222026 | 335.22 | 102,791 | 34,457,293 | 6,377,169 | Form | |
| 15 | Slootman, Frank | Direct | Sell | 9222026 | 334.10 | 197,209 | 65,888,248 | 6,355,988 | Form | |
| 16 | Beaulier, Jonathan Mead | Chief Revenue Officer | Direct | Sell | 9162026 | 336.12 | 12,292 | 4,131,636 | 71,622,983 | Form |
| 17 | Ho, Emily | Chief Accounting Officer | Direct | Sell | 9162026 | 332.93 | 768 | 255,693 | 13,303,337 | Form |
| 18 | Kleinerman, Christian | EVP, Product Management | Direct | Sell | 9162026 | 318.51 | 2,986 | 951,071 | 106,386,481 | Form |
| 19 | Slootman, Frank | Direct | Sell | 9162026 | 318.51 | 8,191 | 2,608,915 | 6,059,334 | Form | |
| 20 | Raghunathan, Vivek | SVP, Engineering | Direct | Sell | 9162026 | 318.51 | 3,876 | 1,234,545 | 76,586,685 | Form |
| 21 | Kleinerman, Christian | EVP, Product Management | Direct | Sell | 9102026 | 335.72 | 2,730 | 916,516 | 107,392,464 | Form |
| 22 | Dageville, Benoit | Trust | Sell | 9102026 | 335.72 | 50,000 | 16,786,000 | 878,987,140 | Form | |
| 23 | Garrett, Mark | Direct | Sell | 9092026 | 350.00 | 50,000 | 17,500,000 | 3,525,900 | Form | |
| 24 | Speiser, Michael L | Direct | Sell | 9092026 | 353.87 | 403 | 142,610 | 7,845,320 | Form | |
| 25 | Speiser, Michael L | Ltd Partnership | Sell | 9092026 | 353.87 | 12,973 | 4,590,768 | 137,717,393 | Form | |
| 26 | Speiser, Michael L | Trust (AMS-21) | Sell | 9092026 | 353.87 | 840 | 297,252 | 8,916,134 | Form | |
| 27 | Speiser, Michael L | Trust (WWS-21) | Sell | 9092026 | 353.87 | 840 | 297,252 | 8,916,134 | Form | |
| 28 | Speiser, Michael L | Trust (LES-21) | Sell | 9092026 | 353.87 | 840 | 297,252 | 8,916,134 | Form | |
| 29 | Speiser, Michael L | Trust (ESS-21) | Sell | 9092026 | 353.87 | 840 | 297,252 | 8,916,134 | Form | |
| 30 | Speiser, Michael L | Trust (Rev Tr) | Sell | 9092026 | 353.87 | 34,005 | 12,033,383 | 414,646,929 | Form | |
| 31 | Kleinerman, Christian | EVP, Product Management | LLC | Sell | 9032026 | 380.00 | 10,000 | 3,800,000 | 7,055,840 | Form |
| 32 | Kleinerman, Christian | EVP, Product Management | Direct | Sell | 9032026 | 325.57 | 15,000 | 4,883,550 | 105,933,641 | Form |
| 33 | Dageville, Benoit | Trust | Sell | 8282026 | 309.44 | 50,000 | 15,472,000 | 830,810,196 | Form | |
| 34 | Slootman, Frank | Direct | Sell | 8202026 | 320.78 | 48,990 | 15,715,004 | 9,153,452 | Form | |
| 35 | Slootman, Frank | Direct | Sell | 8202026 | 325.53 | 251,010 | 81,710,061 | 9,288,859 | Form | |
| 36 | Dageville, Benoit | Trust | Sell | 8142026 | 335.70 | 50,000 | 16,785,000 | 923,695,671 | Form | |
| 37 | Kleinerman, Christian | EVP, Product Management | Direct | Sell | 8112026 | 325.00 | 25,000 | 8,125,000 | 110,623,175 | Form |
| 38 | Kleinerman, Christian | EVP, Product Management | LLC | Sell | 8112026 | 325.00 | 5,000 | 1,625,000 | 9,284,600 | Form |
| 39 | Speiser, Michael L | Direct | Sell | 8112026 | 324.06 | 403 | 130,596 | 7,315,006 | Form | |
| 40 | Speiser, Michael L | Ltd Partnership | Sell | 8112026 | 324.06 | 12,973 | 4,204,030 | 130,319,757 | Form | |
| 41 | Speiser, Michael L | Trust (AMS-21) | Sell | 8112026 | 324.06 | 840 | 272,210 | 8,437,226 | Form | |
| 42 | Speiser, Michael L | Trust (WWS-21) | Sell | 8112026 | 324.06 | 840 | 272,210 | 8,437,226 | Form | |
| 43 | Speiser, Michael L | Trust (LES-21) | Sell | 8112026 | 324.06 | 840 | 272,210 | 8,437,226 | Form | |
| 44 | Speiser, Michael L | Trust (ESS-21) | Sell | 8112026 | 324.06 | 840 | 272,210 | 8,437,226 | Form | |
| 45 | Speiser, Michael L | Trust (Rev Tr) | Sell | 8112026 | 324.06 | 34,005 | 11,019,660 | 366,595,792 | Form | |
| 46 | Kleinerman, Christian | EVP, Product Management | Direct | Sell | 8052026 | 297.00 | 10,000 | 2,969,950 | 108,515,736 | Form |
| 47 | Kleinerman, Christian | EVP, Product Management | Direct | Sell | 8032026 | 300.00 | 20,000 | 6,000,000 | 112,613,700 | Form |
| 48 | Kleinerman, Christian | EVP, Product Management | LLC | Sell | 8032026 | 300.00 | 9,986 | Form | ||
| 49 | Dageville, Benoit | Trust | Sell | 7302026 | 280.00 | 50,000 | 14,000,000 | 789,101,320 | Form | |
| 50 | Slootman, Frank | Direct | Sell | 7222026 | 275.10 | 10,315 | 2,837,634 | 7,849,916 | Form | |
| 51 | Slootman, Frank | Direct | Sell | 7222026 | 274.39 | 289,685 | 79,486,057 | 7,829,659 | Form | |
| 52 | Dageville, Benoit | Trust | Sell | 7162026 | 276.53 | 50,000 | 13,826,500 | 797,757,802 | Form | |
| 53 | Kleinerman, Christian | EVP, Product Management | Direct | Sell | 7162026 | 275.00 | 2,500 | 687,500 | 108,729,225 | Form |
| 54 | Speiser, Michael L | Trust (WWS-21) | Sell | 7082026 | 257.91 | 840 | 216,642 | 6,931,511 | Form | |
| 55 | Speiser, Michael L | Trust (AMS-21) | Sell | 7082026 | 257.91 | 840 | 216,642 | 6,931,511 | Form | |
| 56 | Speiser, Michael L | Trust (ESS-21) | Sell | 7082026 | 257.91 | 840 | 216,642 | 6,931,511 | Form | |
| 57 | Speiser, Michael L | Trust (LES-21) | Sell | 7082026 | 257.91 | 840 | 216,642 | 6,931,511 | Form | |
| 58 | Speiser, Michael L | Trust (Rev Tr) | Sell | 7082026 | 257.91 | 34,005 | 8,770,104 | 300,528,951 | Form | |
| 59 | Speiser, Michael L | Direct | Sell | 7082026 | 257.92 | 403 | 103,940 | 5,925,877 | Form | |
| 60 | Speiser, Michael L | Ltd Partnership | Sell | 7082026 | 257.91 | 12,973 | 3,345,823 | 107,062,198 | Form | |
| 61 | Briggs, Teresa | Direct | Sell | 7062026 | 255.11 | 343 | 87,503 | 1,290,857 | Form | |
| 62 | Dageville, Benoit | Direct | Sell | 7062026 | 254.64 | 140,819 | 35,858,150 | 46,079,145 | Form | |
| 63 | Dageville, Benoit | Trust | Sell | 7062026 | 254.64 | 50,000 | 12,732,000 | 751,583,965 | Form | |
| 64 | Briggs, Teresa | Direct | Sell | 7062026 | 254.64 | 344 | 87,596 | 1,375,820 | Form | |
| 65 | Kleinerman, Christian | EVP, Product Management | Direct | Sell | 7062026 | 258.56 | 2,500 | 646,400 | 102,875,594 | Form |
| 66 | Slootman, Frank | Direct | Sell | 7012026 | 251.73 | 99,900 | 25,147,562 | 7,183,040 | Form | |
| 67 | Slootman, Frank | Direct | Sell | 6292026 | 250.00 | 100 | 25,000 | 7,133,750 | Form | |
| 68 | Ho, Emily | Chief Accounting Officer | Direct | Sell | 6262026 | 232.25 | 1,860 | 431,976 | 9,587,770 | Form |
| 69 | Kleinerman, Christian | EVP, Product Management | Direct | Sell | 6242026 | 228.45 | 2,621 | 598,767 | 91,466,583 | Form |
| 70 | Beaulier, Jonathan Mead | Chief Revenue Officer | Direct | Sell | 6242026 | 231.98 | 9,367 | 2,172,957 | 54,466,816 | Form |
| 71 | Slootman, Frank | Direct | Sell | 6222026 | 224.27 | 200,000 | 44,854,036 | 6,399,550 | Form | |
| 72 | Kleinerman, Christian | EVP, Product Management | Direct | Sell | 6172026 | 240.00 | 2,986 | 716,640 | 97,356,480 | Form |
| 73 | Raghunathan, Vivek | SVP, Engineering | Direct | Sell | 6172026 | 240.00 | 3,876 | 930,240 | 62,085,360 | Form |
| 74 | Slootman, Frank | Direct | Sell | 6172026 | 240.00 | 8,066 | 1,935,840 | 6,848,400 | Form | |
| 75 | Kleinerman, Christian | EVP, Product Management | Direct | Sell | 6102026 | 239.00 | 2,729 | 652,231 | 98,707,478 | Form |
| 76 | Speiser, Michael L | Direct | Sell | 6082026 | 245.21 | 403 | 98,818 | 5,420,524 | Form | |
| 77 | Speiser, Michael L | Ltd Partnership | Sell | 6082026 | 245.21 | 12,973 | 3,181,057 | 104,970,972 | Form | |
| 78 | Speiser, Michael L | Trust (Rev Tr) | Sell | 6082026 | 245.21 | 34,005 | 8,338,230 | 294,067,954 | Form | |
| 79 | Speiser, Michael L | Trust (AMS-21) | Sell | 6082026 | 245.21 | 840 | 205,973 | 6,796,129 | Form | |
| 80 | Speiser, Michael L | Trust (ESS-21) | Sell | 6082026 | 245.21 | 840 | 205,973 | 6,796,129 | Form | |
| 81 | Speiser, Michael L | Trust (LES-21) | Sell | 6082026 | 245.21 | 840 | 205,973 | 6,796,129 | Form | |
| 82 | Speiser, Michael L | Trust (WWS-21) | Sell | 6082026 | 245.21 | 840 | 205,973 | 6,796,129 | Form | |
| 83 | Kleinerman, Christian | EVP, Product Management | Direct | Sell | 6032026 | 272.00 | 10,000 | 2,720,000 | 113,830,368 | Form |
| 84 | Slootman, Frank | Direct | Sell | 6032026 | 263.70 | 162,924 | 42,962,775 | 10,032,664 | Form | |
| 85 | Slootman, Frank | Direct | Sell | 6012026 | 252.43 | 437,076 | 110,332,853 | 9,604,105 | Form | |
| 86 | Garrett, Mark | Direct | Sell | 6012026 | 250.00 | 100,000 | 25,000,200 | 2,200,268 | Form | |
| 87 | Kleinerman, Christian | EVP, Product Management | Direct | Sell | 5292026 | 236.77 | 5,000 | 1,183,850 | 125,131,524 | Form |
| 88 | Kleinerman, Christian | EVP, Product Management | LLC | Sell | 5292026 | 236.77 | 100 | 23,677 | 1,180,535 | Form |
| 89 | Slootman, Frank | Direct | Sell | 5292026 | 233.42 | 400,000 | 93,366,579 | 8,880,562 | Form | |
| 90 | Slootman, Frank | Direct | Sell | 5282026 | 176.52 | 55,350 | 9,770,456 | 6,715,931 | Form | |
| 91 | Slootman, Frank | Direct | Sell | 5202026 | 175.45 | 144,650 | 25,378,395 | 6,675,053 | Form | |
| 92 | Speiser, Michael L | Direct | Sell | 5042026 | 141.59 | 403 | 57,063 | 3,187,148 | Form | |
| 93 | Speiser, Michael L | Ltd Partnership | Sell | 5042026 | 141.60 | 12,973 | 1,836,916 | 62,452,877 | Form | |
| 94 | Speiser, Michael L | Trust (Rev Tr) | Sell | 5042026 | 141.60 | 34,005 | 4,814,951 | 174,625,916 | Form | |
| 95 | Speiser, Michael L | Trust (AMS-21) | Sell | 5042026 | 141.60 | 840 | 118,940 | 4,043,399 | Form | |
| 96 | Speiser, Michael L | Trust (ESS-21) | Sell | 5042026 | 141.60 | 840 | 118,940 | 4,043,399 | Form | |
| 97 | Speiser, Michael L | Trust (LES-21) | Sell | 5042026 | 141.60 | 840 | 118,940 | 4,043,399 | Form | |
| 98 | Speiser, Michael L | Trust (WWS-21) | Sell | 5042026 | 141.60 | 840 | 118,940 | 4,043,399 | Form | |
| 99 | Speiser, Michael L | Direct | Sell | 4062026 | 148.21 | 403 | 59,727 | 3,395,673 | Form | |
| 100 | Speiser, Michael L | Ltd Partnership | Sell | 4062026 | 148.21 | 12,973 | 1,922,663 | 67,290,850 | Form | |
| 101 | Speiser, Michael L | Trust (AMS-21) | Sell | 4062026 | 148.21 | 840 | 124,492 | 4,356,634 | Form | |
| 102 | Speiser, Michael L | Trust (WWS-21) | Sell | 4062026 | 148.21 | 840 | 124,492 | 4,356,634 | Form | |
| 103 | Speiser, Michael L | Trust (LES-21) | Sell | 4062026 | 148.21 | 840 | 124,492 | 4,356,634 | Form | |
| 104 | Speiser, Michael L | Trust (ESS-21) | Sell | 4062026 | 148.21 | 840 | 124,492 | 4,356,634 | Form | |
| 105 | Speiser, Michael L | Trust (Rev Tr) | Sell | 4062026 | 148.21 | 34,005 | 5,039,711 | 187,817,084 | Form | |
| 106 | Raghunathan, Vivek | SVP, Engineering | Direct | Sell | 4022026 | 152.80 | 3,876 | 592,253 | 41,763,754 | Form |
| 107 | Ho, Emily | Chief Accounting Officer | Direct | Sell | 3242026 | 173.97 | 2,141 | 372,465 | 7,750,796 | Form |
| 108 | Dageville, Benoit | Founder and Chief Architect | Direct | Sell | 3242026 | 170.01 | 874 | 148,589 | 11,176,797 | Form |
| 109 | Kleinerman, Christian | EVP, Product Management | Direct | Sell | 3242026 | 170.01 | 2,621 | 445,596 | 90,699,315 | Form |
| 110 | Slootman, Frank | Direct | Sell | 3202026 | 175.25 | 11,299 | 1,980,172 | 6,667,638 | Form | |
| 111 | Slootman, Frank | Direct | Sell | 3202026 | 175.93 | 88,701 | 15,605,370 | 6,693,520 | Form | |
| 112 | Slootman, Frank | Direct | Sell | 3182026 | 175.34 | 7,874 | 1,380,627 | 6,670,986 | Form | |
| 113 | Kleinerman, Christian | EVP, Product Management | Direct | Sell | 3182026 | 175.34 | 2,986 | 523,565 | 86,977,758 | Form |
| 114 | Dageville, Benoit | Founder and Chief Architect | Direct | Sell | 3182026 | 175.34 | 1,919 | 336,477 | 9,338,959 | Form |
| 115 | Slootman, Frank | Direct | Sell | 3112026 | 182.44 | 2,042 | 372,542 | 8,676,482 | Form | |
| 116 | Kleinerman, Christian | EVP, Product Management | Direct | Sell | 3112026 | 182.44 | 550 | 100,342 | 91,554,777 | Form |
| 117 | Dageville, Benoit | Founder and Chief Architect | Direct | Sell | 3112026 | 182.44 | 4,183 | 763,147 | 10,421,703 | Form |
| 118 | Speiser, Michael L | Direct | Sell | 3092026 | 175.19 | 403 | 70,601 | 4,084,494 | Form | |
| 119 | Speiser, Michael L | Ltd Partnership | Sell | 3092026 | 175.19 | 12,973 | 2,272,748 | 81,816,122 | Form | |
| 120 | Speiser, Michael L | Trust (AMS-21) | Sell | 3092026 | 175.19 | 840 | 147,162 | 5,297,114 | Form | |
| 121 | Speiser, Michael L | Trust (WWS-21) | Sell | 3092026 | 175.19 | 840 | 147,162 | 5,297,114 | Form | |
| 122 | Speiser, Michael L | Trust (LES-21) | Sell | 3092026 | 175.19 | 840 | 147,162 | 5,297,114 | Form | |
| 123 | Speiser, Michael L | Trust (ESS-21) | Sell | 3092026 | 175.19 | 840 | 147,162 | 5,297,114 | Form | |
| 124 | Speiser, Michael L | Trust (Rev Tr) | Sell | 3092026 | 175.19 | 34,005 | 5,957,355 | 227,972,686 | Form | |
| 125 | Kleinerman, Christian | EVP, Product Management | Direct | Sell | 3032026 | 165.01 | 10,000 | 1,650,100 | 84,233,810 | Form |
| 126 | Slootman, Frank | Direct | Sell | 2192026 | 176.91 | 100,000 | 17,690,823 | 8,903,614 | Form | |
| 127 | Speiser, Michael L | Direct | Sell | 2062026 | 165.22 | 403 | 66,584 | 3,918,727 | Form | |
| 128 | Speiser, Michael L | Ltd Partnership | Sell | 2062026 | 165.22 | 12,973 | 2,143,445 | 79,304,829 | Form | |
| 129 | Speiser, Michael L | Trust (AMS-21) | Sell | 2062026 | 165.22 | 840 | 138,788 | 5,134,490 | Form | |
| 130 | Speiser, Michael L | Trust (WWS-21) | Sell | 2062026 | 165.22 | 840 | 138,788 | 5,134,490 | Form | |
| 131 | Speiser, Michael L | Trust (LES-21) | Sell | 2062026 | 165.22 | 840 | 138,788 | 5,134,490 | Form | |
| 132 | Speiser, Michael L | Trust (ESS-21) | Sell | 2062026 | 165.22 | 840 | 138,788 | 5,134,490 | Form | |
| 133 | Speiser, Michael L | Trust (Rev Tr) | Sell | 2062026 | 165.22 | 34,005 | 5,618,427 | 220,621,195 | Form | |
| 134 | Kleinerman, Christian | EVP, Product Management | Direct | Sell | 2032026 | 197.09 | 10,000 | 1,970,900 | 90,927,669 | Form |
| 135 | Slootman, Frank | Direct | Sell | 1222026 | 206.77 | 200,000 | 41,353,984 | 10,406,523 | Form | |
| 136 | Kleinerman, Christian | EVP, Product Management | Direct | Sell | 1062026 | 219.90 | 10,000 | 2,199,000 | 103,650,085 | Form |
| 137 | Speiser, Michael L | Direct | Sell | 1052026 | 221.16 | 403 | 89,128 | 5,334,634 | Form | |
| 138 | Speiser, Michael L | Trust (Rev Tr) | Sell | 1052026 | 221.16 | 34,005 | 7,520,622 | 285,780,320 | Form | |
| 139 | Speiser, Michael L | Ltd Partnership | Sell | 1052026 | 221.16 | 12,973 | 2,869,138 | 109,023,700 | Form | |
| 140 | Speiser, Michael L | Trust (AMS-21) | Sell | 1052026 | 221.16 | 840 | 185,776 | 7,058,618 | Form | |
| 141 | Speiser, Michael L | Trust (ESS-21) | Sell | 1052026 | 221.16 | 840 | 185,776 | 7,058,618 | Form | |
| 142 | Speiser, Michael L | Trust (LES-21) | Sell | 1052026 | 221.16 | 840 | 185,776 | 7,058,618 | Form | |
| 143 | Speiser, Michael L | Trust (WWS-21) | Sell | 1052026 | 221.16 | 840 | 185,776 | 7,058,618 | Form | |
| 144 | Raghunathan, Vivek | SVP, Engineering and Support | Direct | Sell | 1052026 | 220.44 | 11,801 | 2,601,353 | 48,059,239 | Form |
| 145 | Ho, Emily | Chief Accounting Officer | Direct | Sell | 12232025 | 223.63 | 1,072 | 239,731 | 9,797,007 | Form |
| 146 | Kleinerman, Christian | EVP, Product Management | Direct | Sell | 12232025 | 224.30 | 4,755 | 1,066,546 | 120,356,464 | Form |
| 147 | Dageville, Benoit | Founder and Chief Architect | Direct | Sell | 12232025 | 224.30 | 870 | 195,141 | 9,700,975 | Form |
| 148 | Ho, Emily | Chief Accounting Officer | Direct | Sell | 12222025 | 222.91 | 586 | 130,624 | 10,248,195 | Form |
| 149 | Slootman, Frank | Direct | Sell | 12222025 | 221.83 | 200,000 | 44,366,315 | 11,164,561 | Form | |
| 150 | Dageville, Benoit | Founder and Chief Architect | Direct | Sell | 12162025 | 212.45 | 1,912 | 406,204 | 9,562,162 | Form |
| 151 | Slootman, Frank | Direct | Sell | 12162025 | 212.45 | 7,728 | 1,641,814 | 29,943,765 | Form | |
| 152 | Kleinerman, Christian | EVP, Product Management | Direct | Sell | 12162025 | 212.45 | 2,975 | 632,039 | 107,165,516 | Form |
| 153 | Kleinerman, Christian | EVP, Product Management | Direct | Sell | 12102025 | 223.31 | 548 | 122,374 | 113,985,240 | Form |
| 154 | Dageville, Benoit | Founder and Chief Architect | Direct | Sell | 12102025 | 223.31 | 814 | 181,774 | 10,913,606 | Form |
| 155 | Slootman, Frank | Direct | Sell | 12102025 | 223.31 | 1,993 | 445,057 | 33,598,329 | Form | |
| 156 | Speiser, Michael L | Direct | Sell | 12082025 | 230.65 | 403 | 92,952 | 5,656,453 | Form | |
| 157 | Speiser, Michael L | Trust (Rev Tr) | Sell | 12082025 | 230.65 | 34,005 | 7,843,401 | 305,889,175 | Form | |
| 158 | Speiser, Michael L | Ltd Partnership | Sell | 12082025 | 230.65 | 12,973 | 2,992,281 | 116,695,270 | Form | |
| 159 | Speiser, Michael L | Trust (AMS-21) | Sell | 12082025 | 230.65 | 840 | 193,750 | 7,555,331 | Form | |
| 160 | Speiser, Michael L | Trust (ESS-21) | Sell | 12082025 | 230.65 | 840 | 193,750 | 7,555,331 | Form | |
| 161 | Speiser, Michael L | Trust (LES-21) | Sell | 12082025 | 230.65 | 840 | 193,750 | 7,555,331 | Form | |
| 162 | Speiser, Michael L | Trust (WWS-21) | Sell | 12082025 | 230.65 | 840 | 193,750 | 7,555,331 | Form | |
| 163 | Kleinerman, Christian | EVP, Product Management | Direct | Sell | 12032025 | 249.53 | 10,000 | 2,495,300 | 127,871,648 | Form |
| 164 | Dageville, Benoit | Founder and Chief Architect | Direct | Sell | 12012025 | 249.65 | 25,000 | 6,241,250 | 12,612,068 | Form |
| 165 | Dageville, Benoit | Founder and Chief Architect | Direct | Sell | 11142025 | 264.45 | 25,000 | 6,611,250 | 13,359,750 | Form |
| 166 | Speiser, Michael L | Trust (Rev Tr) | Sell | 11102025 | 257.30 | 34,005 | 8,749,585 | 349,979,550 | Form | |
| 167 | Speiser, Michael L | Direct | Sell | 11102025 | 257.29 | 403 | 103,688 | 6,413,466 | Form | |
| 168 | Speiser, Michael L | Ltd Partnership | Sell | 11102025 | 257.30 | 12,973 | 3,337,993 | 133,515,613 | Form | |
| 169 | Speiser, Michael L | Trust (AMS-21) | Sell | 11102025 | 257.30 | 840 | 216,136 | 8,644,417 | Form | |
| 170 | Speiser, Michael L | Trust (ESS-21) | Sell | 11102025 | 257.30 | 840 | 216,136 | 8,644,417 | Form | |
| 171 | Speiser, Michael L | Trust (LES-21) | Sell | 11102025 | 257.30 | 840 | 216,136 | 8,644,417 | Form | |
| 172 | Speiser, Michael L | Trust (WWS-21) | Sell | 11102025 | 257.30 | 840 | 216,136 | 8,644,417 | Form | |
| 173 | Kleinerman, Christian | EVP, Product Management | Direct | Sell | 11042025 | 277.73 | 10,000 | 2,777,300 | 145,100,038 | Form |
| 174 | Kleinerman, Christian | EVP, Product Management | LLC | Sell | 11042025 | 275.00 | 5,000 | 1,375,000 | 10,606,200 | Form |
| 175 | Dageville, Benoit | Founder and Chief Architect | Direct | Sell | 10312025 | 265.00 | 25,000 | 6,625,000 | 13,387,535 | Form |
| 176 | Dageville, Benoit | Founder and Chief Architect | Direct | Sell | 10202025 | 246.00 | 25,000 | 6,150,000 | 12,427,674 | Form |
| 177 | Kleinerman, Christian | EVP, Product Management | LLC | Sell | 10102025 | 250.00 | 5,000 | 1,250,000 | 10,892,000 | Form |
| 178 | Speiser, Michael L | Trust (AMS-21) | Sell | 10062025 | 234.44 | 456 | 106,905 | 8,073,190 | Form | |
| 179 | Speiser, Michael L | Trust (ESS-21) | Sell | 10062025 | 236.29 | 840 | 198,485 | 8,136,944 | Form | |
| 180 | Speiser, Michael L | Trust (LES-21) | Sell | 10062025 | 236.30 | 840 | 198,490 | 8,137,147 | Form | |
| 181 | Speiser, Michael L | Trust (WWS-21) | Sell | 10062025 | 236.30 | 840 | 198,490 | 8,137,147 | Form | |
| 182 | Speiser, Michael L | Trust (Rev Tr) | Sell | 10062025 | 236.30 | 34,005 | 8,035,290 | 329,443,340 | Form | |
| 183 | Speiser, Michael L | Direct | Sell | 10062025 | 236.29 | 403 | 95,225 | 5,985,247 | Form | |
| 184 | Speiser, Michael L | Ltd Partnership | Sell | 10062025 | 236.30 | 12,973 | 3,065,481 | 125,680,940 | Form | |
| 185 | Speiser, Michael L | Trust (AMS-21) | Sell | 10062025 | 238.49 | 384 | 91,580 | 8,321,403 | Form | |
| 186 | Dageville, Benoit | President of Products | Direct | Sell | 10062025 | 234.64 | 25,000 | 5,866,000 | 11,853,778 | Form |
| 187 | Kleinerman, Christian | EVP, Product Management | Direct | Sell | 10022025 | 223.88 | 10,000 | 2,238,800 | 119,204,906 | Form |
| 188 | Raghunathan, Vivek | SVP, Engineering and Support | Direct | Sell | 10022025 | 223.22 | 11,801 | 2,634,196 | 53,986,166 | Form |
Investor Activity (13F)
Updated Oct 23, 2026Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
| Active Manager | Value | % of Portfolio | Total Positions | QoQ | Filing |
|---|---|---|---|---|---|
| Optimus Prime Fund Management Co., Ltd. | $140.6 Mil | 13.5% | 27 | ADD +28.1% | 13F |
| Manchester Global Management (UK) Ltd | $38.3 Mil | 5.1% | 23 | ADD +51.1% | 13F |
| Altimeter Capital Management, LP | $290.5 Mil | 5.1% | 13 | Hold | 13F |
| Spyglass Capital Management LLC | $53.1 Mil | 3.8% | 25 | ADD +7.1% | 13F |
| Jericho Capital Asset Management L.P. | $240.1 Mil | 3.5% | 23 | Hold | 13F |
| Generali Powszechne Towarzystwo Emerytalne | $19.7 Mil | 3.5% | 28 | Hold | 13F |
| Nepsis Inc. | $8.3 Mil | 2.8% | 29 | Hold | 13F |
| Scge Management, L.P. | $80.7 Mil | 2.4% | 21 | TRIM -32.9% | 13F |
| Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group | $5.9 Mil | 2.2% | 28 | New | 13F |
| Cypress Point Investment Management LP | $9.4 Mil | 2.2% | 32 | ADD +123.7% | 13F |
| Stony Point Capital LLC | $12.4 Mil | 1.0% | 31 | Hold | 13F |
| Comprehensive Financial Management LLC | $8.2 Mil | 0.3% | 38 | Hold | 13F |
| Active Manager | Value | % of Portfolio | Total Positions | QoQ | Filing |
|---|---|---|---|---|---|
| Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group | $5.9 Mil | 2.2% | 28 | New | 13F |
| Cypress Point Investment Management LP | $9.4 Mil | 2.2% | 32 | ADD +123.7% | 13F |
| Manchester Global Management (UK) Ltd | $38.3 Mil | 5.1% | 23 | ADD +51.1% | 13F |
| Optimus Prime Fund Management Co., Ltd. | $140.6 Mil | 13.5% | 27 | ADD +28.1% | 13F |
| Spyglass Capital Management LLC | $53.1 Mil | 3.8% | 25 | ADD +7.1% | 13F |
| Active Manager | Value | % of Portfolio | Total Positions | QoQ | As Of | Filing |
|---|---|---|---|---|---|---|
| Melqart Asset Management (UK) Ltd | $31.7 Mil | 3.2% | 44 | Exited | Dec 31, 2025 | 13F |
| Anomaly Capital Management, LP | $29.1 Mil | 1.0% | 32 | Exited | Dec 31, 2025 | 13F |
| Avantyr Capital Partners, LP | $20.1 Mil | 1.2% | 25 | Exited | Dec 31, 2025 | 13F |
| Once Capital Management, LLC | $16.9 Mil | 4.3% | 19 | Exited | Dec 31, 2025 | 13F |
| Benchstone Capital Management LP | $13.3 Mil | 1.5% | 43 | Exited | Dec 31, 2025 | 13F |
| Kinetic Partners Management, LP | $10.9 Mil | 0.5% | 44 | Exited | Dec 31, 2025 | 13F |
| TB Alternative Assets Ltd. | $10.0 Mil | 1.6% | 50 | Exited | Dec 31, 2025 | 13F |
| Napean Trading & Investment Co (Singapore) PTE Ltd | $7.4 Mil | 1.4% | 37 | Exited | Dec 31, 2025 | 13F |
| Scge Management, L.P. | $80.7 Mil | 2.4% | 21 | TRIM -32.9% | Mar 31, 2026 | 13F |
| Active Manager | Value | % of Portfolio | Total Positions | QoQ | Filing |
|---|---|---|---|---|---|
| Altimeter Capital Management, LP | $290.5 Mil | 5.1% | 13 | Hold | 13F |
| Jericho Capital Asset Management L.P. | $240.1 Mil | 3.5% | 23 | Hold | 13F |
| Optimus Prime Fund Management Co., Ltd. | $140.6 Mil | 13.5% | 27 | ADD +28.1% | 13F |
| Scge Management, L.P. | $80.7 Mil | 2.4% | 21 | TRIM -32.9% | 13F |
| Spyglass Capital Management LLC | $53.1 Mil | 3.8% | 25 | ADD +7.1% | 13F |
| Manchester Global Management (UK) Ltd | $38.3 Mil | 5.1% | 23 | ADD +51.1% | 13F |
| Generali Powszechne Towarzystwo Emerytalne | $19.7 Mil | 3.5% | 28 | Hold | 13F |
| Stony Point Capital LLC | $12.4 Mil | 1.0% | 31 | Hold | 13F |
| Cypress Point Investment Management LP | $9.4 Mil | 2.2% | 32 | ADD +123.7% | 13F |
| Nepsis Inc. | $8.3 Mil | 2.8% | 29 | Hold | 13F |
| Comprehensive Financial Management LLC | $8.2 Mil | 0.3% | 38 | Hold | 13F |
| Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group | $5.9 Mil | 2.2% | 28 | New | 13F |
Snowflake — Investor Video Playlist









Industry Resources
| Information Technology Resources |
| TechCrunch |
| Wired |
| CIO |
| MIT Technology Review |
| Gartner Insights |
| Ars Technica |
| Application Software Resources |
| Capterra |
| Software Advice |
| InfoWorld |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.