SCHEDULE: BlackRock Reports 6.4% Stake in Snowflake
Beneficial Ownership Filing
BlackRock, Inc. has disclosed a beneficial ownership of 6.4% in Snowflake Inc. Class A Stock as of June 30, 2026.
Summary
- BlackRock, Inc. has filed a Schedule 13G, indicating an amendment to its previous filing.
- The filing reports beneficial ownership of 22,250,796 shares of Snowflake Inc. Class A Stock.
- This represents 6.4% of the class of securities outstanding.
- The reporting date for this ownership is June 30, 2026.
- BlackRock, Inc. has sole voting power over 20,344,227 shares and sole dispositive power over 22,250,796 shares.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this filing as neutral, as it is a routine disclosure of beneficial ownership by a major institutional investor and does not provide new operational or financial performance information about the company.
Positives
- BlackRock, a significant institutional investor, holds a substantial stake in Snowflake Inc.
- The filing confirms BlackRock's continued investment and confidence in Snowflake.
Risks
- The filing does not contain specific risk factors related to BlackRock's investment strategy or Snowflake's operations.
Future Outlook
The filing is an update to beneficial ownership and does not contain forward-looking statements or guidance regarding Snowflake Inc.'s future performance.
Industry Context
StockSavvy.ai notes that BlackRock's increased stake, or continued significant holding, in Snowflake is consistent with broader trends of major asset managers consolidating positions in high-growth technology companies, particularly those in cloud data warehousing and analytics.
Stakeholder Impact
- Shareholders: The continued significant holding by BlackRock may be viewed positively, indicating sustained institutional support for Snowflake Inc.
Key Dates
| Date | Description |
|---|---|
| 2023-04-30 | Previous Power of Attorney dated for BlackRock, Inc. |
| 2025-01-21 | Effective date of new Power of Attorney for BlackRock, Inc. |
| 2026-06-30 | Date of event requiring filing of Schedule 13G (ownership as of this date). |
| 2026-07-30 | Date of signature for the Schedule 13G filing. |
Keywords
Snowflake Inc., BlackRock, Schedule 13G, Class A Stock, Beneficial Ownership, Institutional Investor, Investment Management
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