SCHEDULE: FMR LLC Boosts Snap Inc. Stake to 12.8%
Beneficial Ownership Report
FMR LLC and its affiliates, including Abigail P. Johnson, reported a 12.8% beneficial ownership stake in Snap Inc.'s Class A Common Stock as of June 30, 2025.
Summary
- FMR LLC and Abigail P. Johnson collectively beneficially own 182,114,126.71 shares of Snap Inc.'s Class A Common Stock.
- This aggregate ownership represents 12.8% of the Class A Common Stock outstanding.
- FMR LLC holds sole voting power over 161,801,457.00 shares and sole dispositive power over 182,114,126.71 shares.
- Abigail P. Johnson holds sole dispositive power over 182,114,126.71 shares.
- Fidelity Blue Chip Growth Fund, a subsidiary of FMR LLC, holds 75,990,698.00 shares, representing 5.4% of the total outstanding Class A Common Stock.
- The shares were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of Snap Inc.
Sentiment
Score: 5
Explanation: The filing is a factual disclosure of beneficial ownership, providing no explicit positive or negative sentiment regarding the issuer's performance or outlook. It is a routine regulatory update.
Positives
- Increased institutional ownership by a major asset manager like FMR LLC may signal confidence in Snap Inc.'s long-term prospects.
- The filing explicitly states the shares are held in the ordinary course of business, indicating a passive investment rather than an activist stance.
Risks
- The filing certifies that the securities were not acquired or held for the purpose of changing or influencing the control of the issuer, mitigating potential control-related risks from this specific shareholder.
Future Outlook
This beneficial ownership report does not provide forward-looking statements or guidance regarding Snap Inc.'s future performance or strategic outlook.
Industry Context
The filing reflects a significant institutional investment in a major social media and technology company, Snap Inc., by one of the world's largest asset managers, FMR LLC. Such large holdings are common for publicly traded companies within the technology sector, indicating ongoing institutional interest and portfolio allocation strategies.
Comparison to Industry Standards
- Not applicable as this filing is a beneficial ownership report and does not contain performance data for comparison against industry benchmarks or specific comparable companies/projects.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Ownership Structure Disclosure | Members of the Johnson family, including Abigail P. Johnson, are the predominant owners of Series B voting common shares of FMR LLC, representing 49% of its voting power. They have a shareholders' voting agreement to vote Series B shares in accordance with the majority vote, potentially forming a controlling group with respect to FMR LLC under the Investment Company Act of 1940. | N/A | This clarifies the internal control structure of FMR LLC, the reporting entity, but does not directly impact Snap Inc.'s corporate governance. |
Stakeholder Impact
- Shareholders: The disclosure of a significant institutional stake by FMR LLC may be viewed positively, potentially indicating institutional confidence in Snap Inc.
- Investment Professionals: Provides updated information on major institutional holdings, which is relevant for market analysis and investment strategies.
Key Dates
| Date | Description |
|---|---|
| 05/23/2023 | Effective date of Power of Attorney for Richard Bourgelas on behalf of FMR LLC and Abigail P. Johnson. |
| 08/08/2023 | Date of previous Schedule 13G filing by FMR LLC where the Power of Attorney was incorporated by reference. |
| 06/30/2025 | Date of event which requires filing of this statement (reporting period end date). |
| 08/05/2025 | Date of signing for the Schedule 13G Amendment No. 3. |
Keywords
Snap Inc., FMR LLC, Abigail P. Johnson, Beneficial Ownership, Class A Common Stock, SEC Filing, Institutional Investor, Social Media, Technology
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