What smart money is saying about Snowflake Inc.
6 funds in our archive have pitched Snowflake Inc. — most recently TimesSquare U.S. Mid Cap Growth in June 2026.
Snowflake Inc. delivers a cloud-centric data platform to customers across both the United States and international markets. The company's core offering, known as the Data Cloud, enables users to unify disparate data sources into a singular, reliable foundation. This unified data then facilitates the extraction of crucial business intelligence, the creation of innovative data-driven applications, and secure data sharing. This adaptable platform serves a wide array of organizations, encompassing various sizes and industries. Originating in 2012, the enterprise was initially recognized as Snowflake Computing, Inc., before officially rebranding to Snowflake Inc. in April 2019. Its principal operations are conducted from Bozeman, Montana.
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Position history
Between Q1 2025 and Q3 2026, 15 fund letters reported a position in Snowflake Inc. — 5 opened or added to the position, 3 trimmed or exited.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 1 | 0 | 0 | 0 |
| Q2 2026 | 13 | 4 | 3 | 4 |
| Q1 2026 | 1 | 1 | 0 | 0 |
| Q4 2025 | 0 | 0 | 0 | 1 |
| Q1 2025 | 0 | 0 | 0 | 1 |
Fund activity · 15 positions · 8 moves
- July 2026
“Portfolio review The Fund returned -1.5% in July in what was a challenging environment as markets were whipsawed by sentiment ahead of the Q2 earnings season. AI platform software was the strongest area of the portfolio, led by long names such as Microsoft, Snowflake, and ServiceNow.”
Snowflake Inc. - June 2026
“Information security provider CrowdStrike rebounded sharply, data warehouse platform Snowflake delivered strong relative performance and long-time holding Broadcom continued to contribute, underscoring the ongoing importance of cloud, cybersecurity and AI infrastructure exposure within the portfolio.”
Snowflake Inc. - June 2026
“Top contributors to performance for the quarter included US-based memory supplier Micron, US cybersecurity leader CrowdStrike, British semiconductor design company ARM, US data center software provider Snowflake, and Indian online travel company MakeMyTrip.”
Snowflake Inc. - June 2026
“A tale of two software-as-a-service (SaaS) stocks While the AI supply chain has been in vogue, software has been treated as a likely casualty. If AI can write code, automate workflows and compress the cost of digital labour, then some software business models may be at risk. But the evidence is already becoming more nuanced. AI will not affect all software companies equally. In some cases, it may strengthen the best platforms rather than undermine them. Snowflake is a good example.”
Snowflake Inc. - June 2026
“In the IT sector, our systems software investments contributed to absolute and relative performance, with Datadog, Inc. (cloud-based observability and security platform leader), Snowflake Inc. (cloud data platform pioneer), and Rubrik, Inc. (cloud data security and cyber resilience leader) leading the way.”
Snowflake Inc. - TrimmedSpyglass Growth StrategyJune 2026
“Snowflake Inc. (SNOW), a provider of cloud data warehouse software, was a top contributor during the second quarter. Snowflake’s first-quarter results exceeded consensus expectations for both revenue and earnings. We continue to be impressed by the Company’s product innovation, and, importantly, Snowflake saw enough traction with one of its early AI products to raise guidance while attributing the increase specifically to that product. We believe Snowflake’s long- term potential remains misunderstood by most investors. While we trimmed our position size during the quarter due to share price appreciation, Snowflake remains a core position.”
Snowflake Inc. - June 2026
“Cloud data platform provider Snowflake Inc. rose 69% after reporting impressive first-quarter results, with product revenue growth reaccelerating. AI is now a clear tailwind to its core platform. Snowflake offers a cloud-based data platform on which its customers can consolidate data and leverage that information for business insights and solve business problems. We meaningfully increased the position size in April and May on stock weakness as our due diligence bolstered our conviction in Snowflake’s position as the center of data gravity.”
Snowflake Inc. - June 2026
“In the IT sector, our systems software investments contributed to absolute and relative performance, with Datadog, Inc. (cloud-based observability and security platform leader), Snowflake Inc. (cloud data platform pioneer), and Rubrik, Inc. (cloud data security and cyber resilience leader) leading the way.”
Snowflake Inc. - New positionBrown Advisory Mid-Cap Growth StrategyJune 2026
“We initiated a position in Snowflake Inc (SNOW), a cloud-native data platform our research team has followed closely for years.”
Snowflake Inc. - June 2026
Listed in Baron Fifth Avenue Growth Fund’s reported holdings.
Snowflake Inc. - June 2026
“During the first quarter, we added to both Datadog Inc and Snowflake Inc on the broad software sell-off. Based on the strong stock performance during the second quarter, we trimmed both positions on valuation.”
Snowflake Inc. - June 2026
“Nine positions were added to the strategy in the second quarter.”
Snowflake Inc. - June 2026
“Semiconductors also contributed strongly with Intel featuring in the largest risers. In software, CrowdStrike and Snowflake benefited from continued confidence in cyber security spending, with investor sentiment also helped by broader demand for AI-linked security solutions.”
Snowflake Inc. - June 2026
“Software T scores started to move into positive territory in May, allowing us to rebuild our long exposure in the Platform Software basket. ServiceNow and Snowflake were added on the long side, reflecting our view that high-quality software platforms with strong positioning in workflow automation, data and security remain well placed as AI adoption broadens.”
Snowflake Inc. - March 2026
“Snowflake (SNOW) is a cloud-based data platform that allows companies to store, manage, share and analyze vast amounts of data on one system. The stock fell in concert with other software-related companies in the first quarter on AI disintermediation concerns. We remain bullish on the company’s transition from a cloud data warehouse into a comprehensive AI-native data platform, driven by accelerating product innovation and a broadly expanding total addressable market. We added to our position in Snowflake during the quarter.”
Snowflake Inc.
Also mentioned · 3
These funds discuss Snowflake Inc. — as a competitor, benchmark or comparable — without disclosing a position in it.
- MentionedFundsmith Equity FundJune 2026
“Every day we seem to be presented with examples of what the rise of passive investment is doing to the market in terms of volatility. On Wednesday 27th May Snowflake (SNOW US), a database company closed trading as a $60bn company and opened on Thursday as an 5 $82bn one.”
Snowflake Inc. - MentionedGuinness Global Innovators FundJune 2026
Named in a table in Guinness Global Innovators Fund’s letter.
Snowflake Inc. - June 2026
“Where Does Value Accrue in the AI Era? Our latest thinking on this question centers on what we internally call the SRM layer, the smart routing and middle layer that sits between the large language models (LLMs) on one side and an enterprise’s proprietary data and workflows on the other. The LLM's keep improving, but increasingly behave like utilities: token prices are falling 50-80% per year, sophisticated enterprises already run multiple models in production, and free open-source routers are making basic model-switching easier. We believe durable economics will accrue to the SRM layer that combines model-agnostic routing with a customer’s proprietary data, permissions, and persistent automated workflows. The cleanest public expressions today are large caps, such as Palantir (PLTR) and Snowflake (SNOW), but this framework still matters for the portfolio in two ways.”
Snowflake Inc.
Fund coverage · 6 theses
- TimesSquare U.S. Mid Cap GrowthJune 2026
Snowflake Inc. provides a cloud data platform and is viewed as a central data layer for AI-driven enterprise workflows.
Read the full thesis Snowflake is a high-quality software platform with strong positioning in data and security that should benefit as AI adoption broadens.
Read the full thesis- Spyglass Growth StrategyJune 2026
Snowflake Inc. provides cloud data warehouse software, and the manager highlights product innovation and early AI traction as drivers of long-term potential.
Read the full thesis Snowflake Inc is a cloud-native data platform exposed to enterprise data and AI adoption, with accelerating product innovation and attractive valuation.
Read the full thesis- Aristotle Focus GrowthDecember 2025
Snowflake is a leading multi-cloud data platform with a consumption model and AI-driven workloads supporting strong margins and long-term growth at a justified premium.
Read the full thesis - Artisan US Mid Cap Growth StrategyMarch 2025
Snowflake is a premier cloud data warehouse and analytics platform poised for growth due to its scalable architecture and alignment with increasing demand for data organization and analysis tools.
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