SCHEDULE: FMR LLC and Abigail Johnson Disclose 6.7% Stake in Snap Inc.
Beneficial Ownership Disclosure
FMR LLC and its affiliates, along with Abigail P. Johnson, reported a 6.7% beneficial ownership stake in Snap Inc.'s Class A Common Stock as of August 29, 2025.
Summary
- FMR LLC and Abigail P. Johnson, its Chairman and CEO, beneficially own 96,806,403.27 shares of Snap Inc. Class A Common Stock.
- This ownership represents 6.7% of the total outstanding Class A Common Stock.
- FMR LLC holds sole voting power over 83,045,612.78 shares and sole dispositive power over 96,806,403.27 shares.
- Abigail P. Johnson holds sole dispositive power over 96,806,403.27 shares.
- This is an Amendment No. 4 to a Schedule 13G, indicating an update to previously reported ownership.
- FMR LLC is classified as a parent holding company, and Abigail P. Johnson is an individual, also identified as a controlling person of FMR LLC.
- Several subsidiaries of FMR LLC, including investment advisers and banks, are involved in the beneficial ownership.
Sentiment
Score: 6
Explanation: The filing indicates continued significant institutional investment by a major asset manager, which can be seen as a positive signal of confidence in Snap Inc. However, it is a routine disclosure and does not provide new operational or financial insights.
Positives
- Continued significant institutional investment in Snap Inc. by FMR LLC, a major asset manager.
- The beneficial ownership stake of 6.7% indicates a substantial, long-term interest in the company.
- The filing is a routine disclosure, reflecting transparency in ownership.
Future Outlook
This filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance regarding Snap Inc.'s future performance or FMR LLC's investment strategy.
Industry Context
The filing reflects continued institutional interest in the social media and technology sector, with major asset managers like FMR LLC maintaining significant stakes in companies like Snap Inc. This type of disclosure is common for large investment firms managing diverse portfolios.
Related Party Transactions
- The filing notes that members of the Johnson family, including Abigail P. Johnson, are the predominant owners of FMR LLC and, through a voting agreement, form a controlling group with respect to FMR LLC. This establishes a related party relationship between Abigail P. Johnson and FMR LLC in their beneficial ownership reporting.
Stakeholder Impact
- Shareholders may view the continued significant stake by a prominent institutional investor like FMR LLC as a vote of confidence in Snap Inc.'s long-term prospects, potentially contributing to market stability or positive sentiment.
Key Dates
| Date | Description |
|---|---|
| 2023-01-03 | Effective date of Power of Attorney for FMR LLC. |
| 2023-01-10 | Date of Schedule 13G filing by FMR LLC, referencing Power of Attorney. |
| 2023-01-26 | Effective date of Power of Attorney for Abigail P. Johnson. |
| 2023-01-31 | Date of Schedule 13G filing by FMR LLC, referencing Abigail P. Johnson's Power of Attorney. |
| 2025-08-29 | Date of event requiring the filing of this statement (ownership threshold met/changed). |
| 2025-09-05 | Date of signing of the Schedule 13G Amendment No. 4. |
Keywords
Snap Inc., SNAP, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Institutional Investor, Class A Common Stock, Social Media, Technology
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