Brad Gerstner and Cathie Wood Add Snowflake (SNOW) and Robinhood (HOOD) to Their Portfolios
The latest 13F filings for the second quarter reveal that Brad Gerstner of Altimeter Capital and Cathie Wood of ARK Investment Management both hold significant positions in Snowflake (NYSE: SNOW). Gerstner owns a large stake, while Wood has opened a new position. Both also maintain holdings in Robinhood (NASDAQ: HOOD), though their approaches differ slightly. Snowflake's recent fiscal Q1 2027 results showed strong performance with revenue up 33% year-over-year and product growth accelerating to 34%. The company raised its full-year guidance, citing continued demand for cloud data infrastructure. Unlike major AI players that invest heavily in physical assets, Snowflake benefits from the AI trend without large capital expenditures. Despite impressive financials, Snowflake's valuation remains stretched compared to sector averages, with a forward P/E and EV/sales significantly above peers. This has raised concerns among bears who believe the stock may be overpriced.
Topics: 13F filings investor activity Robinhood (HOOD) Snowflake (SNOW)